Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Satoshi Nakamoto White Paper
by
Eddie Sockittome
on 18/02/2024, 22:54:16 UTC
⭐ Merited by vapourminer (1)

Bitcoin hasn't changed, but we are using it in the wrong way. Bitcoin users are supposed to be anonymous so their money and the user can maintain their privacy. But, the centralized exchanges and other platforms changed everything. We are using centralized exchanges providing our identities.

It's been over a decade now and we are using it in a wrong way. We are binding our bank accounts with the exchanges. We were supposed to be free with our money but...... What is happening now? [/url]

Using the wrong way....according to who?

I would agree that using it as a speculative investment (let's be honest, that is what 95% of all current buyers use it for) is very different from the transaction-oriented, pseudo-anonymous intent of Satoshi. But most of the early miners of Bitcoin were cyberpunks. White males between 30-50 years old, who now are either dead or 45-65 years old. Not exactly a cross-section of society, today. Gen Z (to my surprise) seems to care less about anonymity. They think privacy is dead. They have very different priorities and values than people our age. They will decide for themselves what Bitcoin is useful for. It's not a right way or wrong way... it is just what... is. And we should be stoic about it rather than wishing it is how it was "back in the day," IMHO.