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When Satoshi Nakamoto was creating Bitcoin, his/their vision was nothing like what we call today 'the crypto world'. This is why he/them disappeared without a trace. He/Them saw where things were going, and since he/them couldn't undo what he/them had done, he/them decided to leave quietly. Should he/them knew what was about to happen beforehand, he/they would delete all code written on Bitcoin. Bitcoin - and all other crypto with it - have failed miserably to achieve a single line of what was in Satoshi Nakamoto's whitepaper.
Bitcoin relies on fiat (or stablecoins) to have any value
Satoshi would want Bitcoin to work as described in the first purchase that used Bitcoin. He built something that would not rely on a mechanism like exchanges to have its own value. People would be valuing Bitcoin according to their needs, and businesses would price their products or services based on real life transactions.
The reality today is very different.
Bitcoin is no different than an expensive penny stock of a failed company with zero real value, that is traded among professional traders, scammers, wannabe millionaires, couch potato rebels, fanatics, common law criminals, tax evaders, and some down-to-Earth investors who still believe in Satoshi's vision about blockchain and Bitcoin.
Do you believe Satoshi Nakamoto's vision was to create a monetary unit, that would be used by drug dealers for their trades? Certainly not! Unfortunately, the first customers Mt. Gox brought in were drug dealers and junkies. Traders and wannabe millionaires came in much later. And that's what Satoshi Nakamoto saw in his/their creation. He/They could control (for as long as he/they could) mining, but he/they could not control how Bitcoins were used - and he/they couldn't simply pull the plug and delete everything.
Do you believe Satoshi Nakamoto's vision was to create a monetary unit that would be priced the way fiat currencies are? Or that Bitcoin owners would convert BTC in USD to proceed with payment? Or consult the latest quote on any exchange? Not at all! But that's exactly what's happening today. Bitcoin has no value on its own - despite what fanatics may claim. If you were to pay for a burger using Bitcoin, you would not think the same way as if you were paying in your local currency - whatever that might be. You would first convert the burger price in your local currency into USD (if USD is not your local currency unit), and then convert the USD price in BTC, having in mind the price you bought your BTC in the first place. Your local fiat currency knocks down Bitcoin in the first round, because you don't need to do any conversions. None at all.
Today, Bitcoin cannot exist without the US Dollar, and other fiat currencies, for the simple reason that its trading value is expressed in USD, or stablecoins pegged to the USD. It cannot exist without fresh loads of fiat money feeding the greed of those calling themselves 'investors' (when in reality they are nothing more than gamblers), through the casino-style trading floors called exchanges.
Bitcoin cannot be classified as currency in any way. Currencies measure economic output. Bitcoin measures economic input. It's not an alternative currency. It's the opposite of currency in any form.
No matter what fanatics may say, there is no economic freedom in Bitcoin. Bitcoin has been turned to be the chains of modern slavery, since you will always rely on an exchange (centralized or decentralized makes no difference), even only to check for the latest BTC/USD rate. It's not setting you financially free. It's only changing who your owner is, by offering you the illusion of a choice.
Even if governments are fighting to keep you in their influence, in reality, you don't have a choice! Those who own the exchanges (even the decentralized ones) own your crypto (centralized exchanges own your fiat money as well). They don't even need to have your Bitcoins stored in there. They know sooner or later, you will have to pass your crypto through them. They earn more if you go that way.
Either way, they win and you lose.
