Bitcoin’s original aim wasn’t to be a “digital gold”, says Ethereum founder

[Bliznec]

Actually, Bitcoin has been tag Digital gold, or has been compared to Gold, is no a strenge news or statement around the world, this is because of the nature of Bitcoin and it's short term performance since invented. Bitcoin has being refered as digital Gold because, though has no physical state, but has been seen as a hedge against inflation. I think Bitcoin has proven to generate much more profit than gold within the short term it was launched. However, I believe Gold and Bitcoin are two different technology, but its comparison is just to appreciate the profit earned in short term than Gold returns. This is just my opinion.

Finland has published a research paper titled The Great Cryptocurrency Illusion. This happened in 2018. At that time, some countries followed in the footsteps of reading this document. I think bitcoin should not undergo any checks by the local authorities of the countries. Bitcoin is decentralization. Due to the high transaction costs, Buterin believes that Bitcoin will soon become digital gold. 

[Alcor]

i beg to disagree. Although the main reason why bitcoin is created because of digital payment( decentralized) as time goes by we can see the value of bitcoin is rising that is why nowadays we consider it as a digital gold or as a store of value because it has a very limited supply.

The fact that the price of bitcoin is still continuing to rise hardly suggests that it has already become digital gold. The price of a highly volatile cryptocurrency is highly volatile. In almost all other respects, these are completely dissimilar financial assets.
Of course, Satoshi Nakamoto, creating bitcoin, the last thing he thought about its high price. He created a new means of payment that would be an alternative to the current financial payment system. Therefore, Buterin is also right in this case.

[Fenix]

Of course, Bitcoin was created with the main goal - to be an alternative means of payment to the existing payment system of states. He has not completed this task yet. However, thanks to its large price rise, it has attracted the attention of people and states to cryptocurrency. People began to use it more as a means of accumulating value, although it, like all cryptocurrencies, has a very large price volatility. While the phase of the general price growth of bitcoin is underway, it will be used in this capacity. Contrary to popular belief, I think that this period will also end. Therefore, bitcoin expects further transformation in its use.

[damsix]

The purpose of creating Bitcoin is for the development of payments that are very difficult to be separated from third parties such as banks or other financial institutions.
Bitcoin was created without any intermediaries for every transaction, thus making Bitcoin more into our own main asset without any intervention from third parties.
Maybe this is a piece of the story about Bitcoin that I know and there are definitely more meanings to the first creation of Bitcoin from various smart people.

[jonathancool220]

This is also my thoughts about Bitcoin which are not the same as the thoughts of other members on this forum.
Vitalik Butterin understands very well how Bitcoin works and it is only right that Bitcoin when it was first created was not for Digital Gold.
Maybe there are many factors if Bitcoin is Digital Gold as well as in prices that change all the time and this really really gives something so perfect for a Bitcoin.

[LUCKMCFLY]

The purpose of creating Bitcoin is for the development of payments that are very difficult to be separated from third parties such as banks or other financial institutions.
Bitcoin was created without any intermediaries for every transaction, thus making Bitcoin more into our own main asset without any intervention from third parties.
Maybe this is a piece of the story about Bitcoin that I know and there are definitely more meanings to the first creation of Bitcoin from various smart people.

I think the same as you, for me BTC is synonymous with decentralization and managing our own money without the need for other organizations such as banks and governments to tell us when and how much money we can extract, this is not financial freedom, I consider this as a corralito of the traditional economy where the debt reigns, and that is where the interest of the governments comes to want to have a share of btc and the market.

[masudginanjar]

Bitcoin when it was first created was created for simpler and faster transactions in terms of asset acceptance and I believe Bitcoin will become something valuable again in the future as a digital asset.
Bitcoin has undergone a lot of significant changes in terms of the community, but the system of Bitcoin since it was first created is still the same as before, so we don't need to be complicated for Bitcoin because only by being a holder, we are already profitable.

[TopT3ns]

I don't think that will happen because the types of the two are very different, gold has a physical form that has a high selling value and bitcoin has a digital form whose selling value is very risky because the price movement is very volatile.

[Astra]

Of course, bitcoin was not created as "digital gold", that is, for its main function as a store of value. This happened later, when many saw that bitcoin was growing in price for a long time. There is no doubt that bitcoin was created as an alternative means of payment outside the existing financial system of the state, and in this regard, Buterin is right. The main task of bitcoin, unfortunately, has not yet been fulfilled.

[wilkine]

I think it's better than gold from the long-term point
no matter what its original aim is
It has been evolving after all

[Senin]

I think it's better than gold from the long-term point
no matter what its original aim is
It has been evolving after all

Precisely because bitcoin, in connection with the expectation of its further price growth, has become much less used as a means of payment, and more and more as a means of storing value, its use is gradually coming to a standstill. The growth in the price of bitcoin cannot last too long, and the suspension of its price growth as a whole threatens with great trouble not only for bitcoin, but for the entire cryptocurrency market. Bitcoin is not really fulfilling its original purpose as a means of payment right now. Let's hope that the situation in this regard can still change for the better.

[mahadev]

Yes, Satoshi created Bitcoin for electronic cash, not for digital gold. Vitalik exaggerates about Bitcoin, I think we don't need to call it as gold. Bitcoin is purely digital asset or digital payment tool. We can compare it with gold as they are different.

I think I'm agree, bitcoin is digital asset, not digital gold.
But maybe several people said bitcoin is digital gold that will replace gold at the future.
Every one have own opinion, that's normal at crypto world.