Hello everyone. I don't want to sound pessimistic, but it looks like bitcoins ideas are dying.
I don't think so, the idea of bitcoin is still working perfectly. Probably that is how you see from your angle and not from everyone's end.
I spend a week on this forum talking with people about Bitcoin and asking their opinions in threads. And I came to the conclusion that the whole idea of Bitcoin is being killed in front of our eyes.
I don't know what you mean by that but for the fact that people are not responding to your ways of thinking do not mean that bitcoin has been killed in front of you. Everyone has their own opinion about the longtivity of the currency and probably yours has been killed and ended.
The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.
Connotatively bitcoin is an asset and nobody can deny the fact on that. But denotatively bitcoin is a currency which is meant to buy goods and services online. The process of bitcoin solving problem will not come over night because the bank owners will not allow that to happen instantly, until all have gotten their exchange platforms first before that can happen.
I created a thread asking people what they think bitcoin will stabilize enough to become a currency for people to use and literally everyone said to me that it's an asset and it will never stabilize. And, don't get me wrong, sounds logical and I agree with that.
But if we treat Bitcoin like this, why are we waiting for the "mass adoption" and want businesses to accept Bitcoin that is not stable in any means to use it as a currency?
I believed I ask made a comment on that thread you are talking about and I said no because if bitcoin stable today, bitcoin will not be a currency of the people again and it will become a currency.of the few. And it is only the decentralized nature of bitcoin can make bitcoin more popular and large uses. The mass adoption will come.
Another big problem is that everything in crypto spaces becomes centralized. Recently I tried to sell my crypto without KYC and I didn't find any good platforms to do it! Just think about it...nowadays you need to pass KYC to sell crypto without high fees. That's crazy.
Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.
Add to that the fact that even wallets are not safe. Ledger literally offered people to save their seed phrase in the cloud. The mere fact that they CAN take your seed phrase and upload it somewhere is a reason to never use ledger anymore.
So considering all this, it looks like crypto right now is moving to centralization and control over our funds. Bitcoin is just an asset to people and I don't see how everyone can use it as a currency.
That's why I think that bitcoin Ideas are dying.
Because those exchange companies passed through the policies of government. And if they registered their companies with the anonymity there wouldn't be any KYC. Cryptocurrency is not becoming centralized in anyway, as they asked your KYC and you don't want it in that way, why didn't you asked some you know to buy from you and that is one of the reasons of the creation of bitcoin which the p2p.