The difference between our positions shows up when one doesn’t pay very careful attention to the particular verb tenses that John used.
If John said that the Scarlet Beast “IS not”, he meant that, at the same time he was writing Revelation, that this Scarlet Beast was not functioning - at all. At that time, it was in the bottomless pit as John was writing. This cannot be said of Rome, which was very much active while John was writing Revelation in late AD 59 or early AD 60.
The “abussos”, or bottomless pit is not a place or location. It’s a CONDITION or STATUS of something or someone. Just as Christ’s physical body was in the “abussos” in a non-functioning condition while He was physically dead for 3 days and nights (Rom. 10:7).
We have to pay very careful attention to the verb tenses in the Rev. 17:8 phrase describing the future actions of the Scarlet Beast. At the time John was writing, he said that the Scarlet Beast “...IS ABOUT TO COME UP OUT OF THE ABYSS, and into destruction to go.”
This is a compound verb - the Scarlet Beast would “come”, and it would “go”. Not only was the Scarlet Beast “ABOUT TO COME UP” from a non-functioning status as John was writing, it was ALSO “ABOUT TO GO INTO DESTRUCTION” as John was writing, soon after it had risen to life again. This didn’t give it much time at all to operate in this world, once it had “come”.
Daniel, your view doesn’t really acknowledge the very IMMINENT arrival and the very short lifespan of the Scarlet Beast back in John’s days. This imminence factor can only be caught by reading the Greek “mello” term used in this phrase. Check the Interlinear or the YLT versions. The KJV hides it, and consequently ruins the interpretation.
This Scarlet Beast was the independent kingdom nation of Israel that used to exist for almost 80 years in Maccabean times, which then lost that status of independence in 63BC when Pompey put the nation under tribute to Rome. However, this independent kingdom nation of Israel was about to arise to life again in AD 66 under the Zealot uprising, but it would soon after that go to destruction in AD 70 when Rome crushed the rebellion by burning Jerusalem.
Daniel, your view also has a problem explaining why Rome, along with the “False Prophet” / Beast from the land, would be thrown alive into the Lake of Fire that was Jerusalem’s “Second death” as a nation, if Rome really was the Scarlet Beast.
The reality was quite the contrary; Christ in His Matt. 22:7 parable equates the Roman armies with God sending forth “HIS armies” to judge the rebellious citizens who murdered his servants the prophets. He would then burn up their city (a prediction of Jerusalem’s AD 70 destruction by fire during the final Roman onslaught). This necessitates the existence of THREE different beasts in Revelation; in other words, two Beasts who were thrown alive into Jerusalem’s Lake of Fire along with the Devil and his angels, and one more Beast that God used as a tool to accomplish this judgment.