Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

BTC People see Bitcoin as an asset, like gold or stocks. This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up. The current view of Bitcoin is far from Satoshi Nakamoto's original goal.

I think that the reason why Bitcoin is becoming an asset for people is that it's the only truly decentralized currency with the highest adoption rate and highest market cap, with unknown creator. I'm sure that the fact that single centralized entity can't affect Bitcoin is the reason why it's a store of value but frankly, another reason could be (I'm not sure) that Bitcoin is not the best option for cheap and instant payments.

Quote from: franky1 on February 22, 2025, 06:23:58 PM

bitcoin is not meant to replace fiat where by we get taxed on fiat money each time we receive it for our wage.. and taxed on it again when we spend it through sales tax. losing value through inflation and tax at every transfer.
bitcoin meant to be a new option to get away from the economics of money

You are right, Bitcoin was never meant to replace fiat but for some reasons, people mislabel it. According to Whitepaper, Bitcoin is meant to provide a solution to e-commerce problems. Bitcoin allows P2P transactions from any part of the world, there is no need of Stripe and other payment processors to verify transactions, no sensitive info is shared when you create a transaction and once the transaction is made and verified, there is no way to reverse it.