Post
Topic
Board Bitcoin Discussion
Re: IS BITCOIN NOW IN A DIFFERENT DIRECTION FROM ITS INITIAL GOAL?
by
pooya87
on 30/05/2024, 04:57:20 UTC
Bitcoin as part of cryptocurrency has deviated from its initial goal which was intended to fight banks
Over the years people have come up with their own imaginary goals for Bitcoin (like fighting banks or replacing fiat) and when they weren't reached they start thinking Bitcoin has failed or as you said "deviated from its goal".

The fact is you'll find no indication of such goals in the Bitcoin Whitepaper or anything Satoshi has ever said. Bitcoin has always been as it still is: a decentralized payment system. It is designed to be an alternative option for anybody who wants to adopt it and improve their financial sovereignty.

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and I think it has now moved towards a commodity project for example (DeFi, NFT and etc)
That is wrong as well.
Bitcoin protocol does not support creating tokens. However, there is an ongoing scam where they lie to people by telling them the arbitrary data they injected in a bitcoin transaction is a "token".
That doesn't mean Bitcoin has moved in that direction. That just means there is an attack on Bitcoin taking place by exploiting the protocol.

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~and other cryptocurrencies have changed from their original goals?
That's too broad a question to answer. Which cryptocurrency?
You see almost all cryptocurrencies aka altcoins had one goal: to get pumped and dumped. And they are useless. Which means they didn't really have a goal to change. They were created to be used as a way for "gamblers" to make a profit by playing the market and they did exactly that.