@OP, what does Bitcoin have to do with ICOs, NFTs, and memecoins? I have gone through your post carefully, and I can't seem to find a real reason why you think Bitcoin has lost its purpose or that we were deceived from the very beginning. I'm even beginning to feel that you might have been a victim of a crypto scam, which is why you're venting your anger on crypto, not just Bitcoin, as your post suggests. You're truly overthinking this.

To respond to your concerns, Bitcoin's purpose remains intact. Just a few days ago, I read here that Bolivia paid for fuel using crypto due to a shortage of fiat. You can check the thread here: https://bt.irlbtc.com/view/5535126.msg65163583#msg65163583. People are still making money from investing in crypto. You can see that Bitcoin (and some altcoins) is not useless.

Scams exist everywhere, and they are even more prevalent in fiat. The reason many fall victim to scams is greed and carelessness, not because Satoshi deceived us.

With the purpose that Bitcoin is serving so far, do you conclude by saying that Bitcoin is enslaving people under any financial jurisdiction? I don't think so, Bitcoin is freedom and everyone that adopts Bitcoin is using it any how they like, no body is controlling Bitcoin like the local currencies that we know, you are not paying anyone to store your Bitcoin in your wallet, you can send out your Bitcoin from your wallet any time you want and to anyone you want to but come to think of the local currencies, you pay to keep your money in the bank, even while your money is in the bank, you only see a reflection of figures in your balance but the bank must have put your money into and investment that will benefit them greatly or they must have loan the money to some big business for a large interest while you will not get a better rewards for it.

For those reason i mentioned, I would not regard Bitcoin as any of those things you have said because Bitcoin is better and gives freedom and not slavery.

Well, Bitcoin was born during a financial crisis. So, it will be right to say it was created to help people survive the crisis. If this had happened before or after the crisis, the motive would be more questionable, but something else, a global financial crisis, which was unexpected, triggered its creation. It's like people building a ship to survive a  global flood that starts gradually. It wouldn't make much sense to later say that they built the ship for evil reasons since they were clearly trying to escape a disaster. .

And if you consider the nature of the Bitcoin system, you would probably realize that the intention wasn't really bad. Let's assume the intention was evil, then ask yourself: how could an evil system be built to be controlled by the community rather than an unknown individual or a small group of powerful people with thesame dark agenda? How could the transaction/data be made immutable and transparent? How about the censorship resistant feature? That is not the kind of thing people with dark agenda would build. I believe they would try to make the transactions hard to track and take control away from the community.


Concerning the so called far right using Bitcoin to undermine democracy. First of all, there isn't a true democracy in the first place. Democracy means the people are in control, just like on Bitcoin Network. Unfortunately, the system of the world is centralized around few elites or individuals who are very intolerant of opposition who are against their interests, agenda or beliefs. They pretend to be democrats yet are intolerant of speeches they find threatening. They are more likely to tolerate speeches that do not threaten them. But free speech or censorship resistant is part of the core principle Bitcoin which explains why "the far right groups" embraced it more. I remember how political, covid and other form of censorship, like the "canceling of people" were rampant back then. How could you call that democracy? The people and certain politicians who were censored and attacked had to use Bitcoin to survive and advance their cause, which explains why it seems like Bitcoin was used to undermine governments or nations. It helps protect people from abuse of power and tyrannical governments who pretend to be pro democracy while their actions are usually anti-democratic. I know of cases were the will of the majority of the people, for security or moral reasons, was to support military governments or strong leaders, which in itself is democratic, but the so called democrats irrationally or for selfish reasons tried to undermine this will.

Yes but I think they contribute somehow with Bitcoin, like when people first entered them, they'll then explore more and found out Bitcoin to be also a good coin, so they join it as well. ICO is only a means of selling a project but I'm not sure if BTC had an ICO before, though BTC has an NFT now, although yeah that it didn't came from Satoshi itself since that is only discovered last time. IDK if he already said this but if he only said about BTC being used as an asset instead of a currency, that is more valid. It is because we thought BTC is only just a currency but later on, things have changed and many people are now treating their BTC as an asset, instead of a currency.

What is a bad intention, in your opinion? Just curious about it.

Ultimately it is up to the people to be wise enough to evade scams. The fiat system has always been a joke and ultimately, anyone who has held Bitcoin for a term of more than 4 years has achieved a positive outcome. It did not start at $100,000 in 2009 and gradually make its way to $0.001. It started below $0.001 and recently broke over $100,000. This is no deception, this is truth. The greed of people who played altcoins, disposed of Bitcoin lower than where they bought it, and drove themselves into debt, is no one elses fault but their own. Should people have been better educated and could scams have been prevented? Yes...but just like gambling is a hot topic on this forum, sometimes right does not always prevail.

Your views about Bitcoin are far different from what others are visualizing Bitcoin to be. Anyway, I just want to inform you that there was no good thing that was created by humans that you won't find bad players in it, that their plans are to scam people. Making what was created appear bad to humanity.

Bitcoin was created by Satoshi to give humans the power to control their finances. Some bad players came into the field wanting to destroy the narrative of what Satoshi had built over the years.

Robert Kiyosaki once said in Rich Dad Poor Dad "Don't invest in what you don't know, learn first then invest"
Ignorant investors falls victim while rushing into the ecosystem because they fail to learn and comes up with allegations that Bitcoin is a scam scheme, tagging Bitcoin as a negative entity. Sick

The Bitcoin system is purposeful because all the promises is fulfilled, cross border means of transactions is completed, store of values is assured, decentralization is done. Nothing much nothing else negative to mention.

If Bitcoin created with the intentions of controlling or exploiting then why it has to be decentralised and not can be controlled by anyone even the creator itself?

We may have different theories when we look from different perspectives but I can strongly say Bitcoin is something that's created after someone is just fed-up with the centralized money that's just printed out of thin air and made the people to believe it has actual value.

However the elites has the power to Bitcoin for buying even now it may increase their influence but never gives them any control over the network that's the fact.