Quote from: acener on Today at 07:12:13 PM

Quote from: we-btc on February 28, 2024, 09:39:37 PM

Bitcoin was created as a response to the financial crises of 2008. The idea was to create a decentralized electronic cash system that had a limited supply. The current fiat currencies used worldwide are both centrally controlled and have no limit on how much the issuer can create. The US dollar, as an example, has lost 98% of it's purchasing power since 1913 when the Federal Reserve was granted the power to print US dollars.

The Bitcoin solution was to create a currency that had a limited supply and transactions that were peer-to-peer so that no financial institutions would have financial power over the individual.

Fast forward 16 years and almost all Bitcoin transactions are run through third parties. To buy Bitcoin most people use exchanges which you must KYC on. To store Bitcoin most people use wallets that require the use of 3rd party nodes for transactions. This includes Hardware wallets. Most people use Bitcoin like an investment not an electronic cash system. Banks are buying up large quantities of Bitcoin to hold for customers buying their ETFs. Arguably developers are adding things like ordinals to the code which have slowed transactions and increased fees above what would be reasonable for small financial transactions.

I see the potential for Bitcoin and am working on projects to help with the original mission - financial freedom for individuals world wide.

I am not going to give up on the dream! Are you?

It was supposed to be like that but most of us now see Bitcoin as an investment tool not as a currency.
It was created to be used as a currency and be decentralized but now it is mostly viewed as an investment tool and only few use it for what it has been designed for.

That's what financial freedom for, maybe yes bitcoin is created so it can be replacable for fiat currency but the thing is over alot of years bitcoin become the tool so that many people and its investors will become financial freedom, and because the community of bitcoin made by investors, made bitcoin still as powerful as now, because if they think bitcoin as tool for profit only then bitcoin should not be able to survive or not having high value right now, meaning those OG investors and newly investors taking care of bitcoin so that it will not lose its value, they make things balanced, so I disgree that people only think bitcoin as investment because for those who are already investors cared for bitcoins starus in the market that's why we are having high rewards, notice those only aim for profit in bitcoin, they are the short holders who just aim to lash out profit from bitcoin.