Post
Topic
Board Bitcoin Discussion
Re: Satoshi - Sirius emails 2009-2011
by
cr1776
on 26/02/2024, 19:15:23 UTC
Switching topics back to the emails, I've been reading them quite carefully (and therefore slowly) for a better understanding. What do the esteemed ladies and gentlemen think about https://mmalmi.github.io/satoshi/#email-19, where Satoshi's email confirms that Bitcoin was meant to be a digital cash, not an investment tool, as outlined in the Bitcoin white paper title?

The transition of bitcoin from a digital cash concept to an investment tool is a natural evolution driven by several factors that have unfolded since its inception. While SN initially designed Bitcoin with the vision of it being a peer-to-peer electronic cash system, its use and perception have shifted over time.

Fiat-currency uncertainties, mainstream news SoV narratives, and speculative interests have all shaped bitcoin's current image.

While the original intention of Bitcoin may have been as a digital cash system, its journey through a decade of development, market dynamics, and changing perceptions has led to its predominant role as an investment tool.


It is a transition.  Right now it is more of an investment with other use cases included.  Once bitcoin reaches an equilibrium with fiat pricing then it will be much easier to use as digital cash.  That is another few orders of magnitude away and at that point (if not before) one hopes that you don't need to "get out" of bitcoin and can just remain in without needing gatekeepers to convert.