Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin
by
dderekwalcott
on 26/02/2025, 08:52:30 UTC
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. 








The true success of Bitcoin lies in making it both an effective long-term investment and a widely accepted currency for daily transactions. While Bitcoin has already proven itself as a successful long-term investment, many people also desire to use it like traditional money for everyday transactions.When Satoshi Nakamoto created Bitcoin, the primary goal was to develop a decentralized, borderless, and peer-to-peer digital currency that people could use directly without the control of banks or third parties. However, for Bitcoin to function as a commonly used currency, certain key challenges must be addressed—especially scalability, transaction speed, and fees.
If Bitcoin remains only as "digital gold" and is primarily used for long-term investment, it would deviate from its original vision of being "peer-to-peer digital cash." However, with technologies like the Lightning Network and other innovations, fast and cost-effective transactions can become possible, allowing Bitcoin to be used more like a traditional currency.
Ultimately, for Bitcoin to become a widely accepted everyday currency, technological advancements, government support, and a shift in user mindset are necessary. Satoshi Nakamoto envisioned Bitcoin as a currency that could be used freely and independently, and while that vision is gradually becoming a reality, it will still take time.