The fundamental goal of bitcoin is to prevent the need for a financial institution to transact money via the internet as the whitepaper says;

Now, if you think this brings freedom, it replaces (or will replace) traditional currencies, is and must remain an alternative payment method etc., is down to you to decide it. In my opinion, it's liberty rather than freedom. (The difference)

Whether you lean towards authoritarianism or libertarianism, whether you lean towards left or right, you can't seriously disagree with this statement.

bitcoin is certainly a long-term investment so that miners feel at home in bitcoin for a long time especially considering the bitcoin price which tends to fluctuate and fluctuate so that miners are so basic in bitcoin especially when we are at the lowest point where bitcoin with a price that is not so stable it will be very, very detrimental if we are not in the crypto world for a while

But why are we asking a question and providing an answer none of which is in the Bitcoin whitepaper?

I always thought the fundamental goal of Bitcoin was to have a peer to peer digital currency that would solve the double spend problem

Well of course that is simplistic to say but is not a fundamental goal supposed to be simplistic?

The goal is to provide a fair currency that doesn't need you trust neither the central bank, neither your bank, neither the payment processor, nor VISA/Mastercard (quite a list, isn't it?) and still be able to nicely and safely purchase goods and services.

But really, you can easily read the whitepaper. It's only 8 pages, very concise and not too technical.


Bitcoin is not necessarily meant to replace or fight anything. It just offers an alternative. Some will prefer it. Some won't.

The goal of Bitcoin is dependent on the goal of the holders, I do think the real goal of Bitcoin is giving people the freedom of their own wealth, for them to be able to make better financial decisions without third parties, without the oppression by the government as well. We have money, we have banks and the society generally is not so independent on it's own and therefore at the end of the day bitcoins will give the particular person the right to choose, if you want to use it as an investment, good to go, if you want to use it as a currency, well and good, no one is literally going to call you out on that and therefore at the end of the day cryptocurrencies like bitcoins, their role is dependent on us, how we choose to use them, they can be taken as an experimental entities for real.

Nope! Bitcoin whitepaper doesn't day so. Bitcoin wasn't created with the goal to replace traditional fiat currencies.

Partially true! Bitcoin is created as an internet currency which doesn't need a central authority to operate.

Again partially true! This is not the goal of bitcoin. Rather this is a benefit of bitcoin.

Bitcoin wasn't created to fight governments or to uproot the traditional fiat system. Rather bitcoin can perfectly co-exist with the mainstream economy. [/list]

I have read this carefully again. Thank you

From Satoshi Nakamoto statement "without going through a financial institution " show that bitcoin fundamental goal is best describe as alternative to traditional financial institutions.
I am wrong?

Most of us believe Bitcoin's goal is to enable anyone to transfer digital wealth to
another without the need of a 3^rd party, this also means Bitcoin is borderless.

This was the initial goal of Bitcoin as it was created right after the financial crash in
2007 through 2009. The crash which the many paid for and the few got away with.

Bitcoin can transcend its initial goal and become a number of other financial
tools and replace currencies but its main goal remains.

This opinion is the result of the most votes from the voting above, but in fact bitcoin until now has been mostly running in the market as an asset to be traded and held [holders], only a few have made traditional money alternatives because considering the price is fundamental, even though bitcoin offers transaction fees which is lower than traditional money

Indeed, "To provide alternative to traditional currencies" that is for me and that actually the reason why it exists to become a form of currency (digital currencies). It just happens that people are not seeing it as a currency but instead of being an investment, a profitable investment that serves as the best attraction towards crypto.

Even the use of FIAT money gives you the freedom of where to spend it, where to use it,  only we got taxes but sooner or later, even in crypto might be taxed as well.