Big companies will never let you have the financial freedom - page 2.

fauzan Ichsan

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Quote from: noorman0 on August 13, 2023, 11:10:08 PM

Quote from: Jatiluhung on August 13, 2023, 08:53:15 PM

-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

every system development, of course, has positives and negatives from that system, sometimes people are more comfortable using the conventional method because it has been done for a long time, and when a new system emerges, they are reluctant to leave their comfort zone when replaced with the new system, so many of them oppose and look for weaknesses in a system, even though if used properly it will be able to help the development of the business they are running

summonerrk

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Quote from: wxa7115 on August 13, 2023, 07:30:26 PM

Quote from: summonerrk on August 13, 2023, 07:47:35 AM

Quote from: UmerIdrees on August 07, 2023, 04:59:20 PM

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Well, of course they will do so.
All financial corporations in our world rely on the fact that we work with manual and mental labor, and they are intermediaries who benefit out of the blue. Someone has to work hard, we all can't just sit and get rich. Therefore, it is in the interests of financial institutions and banks that we do not get financial freedom, but live in a world that has developed for centuries. At the same time, all these financiers get their benefits by speculating with bitcoin. No matter how much they are afraid of him, but he is also an excellent means of earning money for them, especially with their capital.

The bankers have claimed for centuries that without them the world economy will not work, and they charge huge fees for their services enriching themselves by simply enabling one person to make a transaction with another.

Bitcoin from one day to the other make them obsolete, and this is why they are trying their best so it does not become popular as they know that if it does then a great deal of the free money they get will simply dry up, and then they will have to compete and work like the rest of the population of the world.

There is no better place in our world in economic relations than to be an intermediary. For example, a bank, if we talk about a traditional economic system.
Or a boonmaker with a betting.
Casino and games.
Exchange and trading.
And all because you don't have to make decisions, you just sit as if with a net spread out and get the fish. The difficulty is only in the initial organization of the site. The mediator does not know what the course will be tomorrow, or what the result of the match will be, and he does not care. He will get his profit anyway.

That's why it's the best place in the financial world.

noorman0

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Quote from: Jatiluhung on August 13, 2023, 08:53:15 PM

-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

Ayers

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Quote from: Jatiluhung on August 13, 2023, 08:53:15 PM

But I don't want to deny that by making a stable coin on paypal it will help the growth of crypto adoption to be faster.

Why does creating a stable coin from a company like Paypal help the crypto market grow faster? What does this have to do with the growth of cryptocurrency adoption? Just like governments creating CBDCs, I don't see any positive impact on crypto industry. What I see from Paypal making stablecoin is for profit, there is no 2nd reason for them to do that.

Consider the profit that Tether announced for the second quarter of $850 million, which means they make an average of $283 million in profit per month. From there, you can see how profitable a stablecoin business can be. Since Paypal use the ETH network, it can be said that ETH will be the biggest beneficiary, not the crypto market.

Iroh

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Quote from: mindrust on August 13, 2023, 02:06:09 AM

Owning a shitty small business is a lot better than working for someone else. That shitty small business may become big in the future but your paychecks will stay small forever.

It isn’t easy to startup and successfully run a business but it’s definitely worth it. Being employed and working for someone else, you invest your time, knowledge and skills in growing and managing someone else’s business/investments. All your efforts and hard work towards growing another person’s business would then be rewarded with just enough to foot your bills pending the next paycheck.
Running your own business no matter how small and shitty is a lot better. You don’t have to worry about ever getting laid off and if you work and persevere hard enough, the small shitty business would grow and expand and soon, you would have people working to help grow and manage your own investments.

Jatiluhung

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Actually this case can not only happen to stable coins owned by PayPal. But in more altcoins we are actually used to this. Because until now, only Bitcoin is truly decentralized. That is why bitcoin adoption has never stopped growing. Because more and more people are realizing that only in bitcoin can we find freedom in owning assets.

But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.
But I don't want to deny that by making a stable coin on paypal it will help the growth of crypto adoption to be faster.

m2017

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Quote from: UmerIdrees on August 07, 2023, 04:59:20 PM

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

~snip

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Have you ever doubted that big companies pursue only their own mercantile interests? The same Paypal is a commercial organization whose activity is aimed at one thing only, namely, obtaining all possible maximum profit. Paypal was not created to think about the general public, it is not a public organization whose leaders think only about making their users feel comfortable and well. Of course, all their efforts are aimed at controlling their users, not necessarily in the literal sense, but controlling their money. Which, in general, in the modern world gives very great opportunities for big companies (including government bodies) in trampling people's freedoms. These companies have always been ready to sacrifice the interests of their users for the sake of their own and morality is alien to them. Don't be naive and don't expect it. They are not your friends.

Whatever company issues stablecoins,altcoins or its own cryptocurrency, there will be this function of freezing funds everywhere. If you want financial freedom - use bitcoin. There is no other option and will not be.

Oasisman

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Quote from: UmerIdrees on August 07, 2023, 04:59:20 PM

Big companies will never let you have the financial freedom
This is a very sad reality that almost all the big companies including the government institutions.

Well, these are some old stories that has never been resolved because the government are not willing to resolve it so they, along with these big businessmen can continue to milk the general public. Low salary rate and high income tax rates, these 2 are few of the main reasons why people have been deprived with their financial freedom. Not only in crypto related terms, but in general. Banks are too quick to suspend and freeze an account if they see something unusual about your recent transactions or if the sense something fraudulent about it - so an exchange can actually do the same with such automated program, it will freeze your assets instantly and that's the bad side about centralized exchange.

wxa7115

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Quote from: summonerrk on August 13, 2023, 07:47:35 AM

Quote from: UmerIdrees on August 07, 2023, 04:59:20 PM

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Well, of course they will do so.
All financial corporations in our world rely on the fact that we work with manual and mental labor, and they are intermediaries who benefit out of the blue. Someone has to work hard, we all can't just sit and get rich. Therefore, it is in the interests of financial institutions and banks that we do not get financial freedom, but live in a world that has developed for centuries. At the same time, all these financiers get their benefits by speculating with bitcoin. No matter how much they are afraid of him, but he is also an excellent means of earning money for them, especially with their capital.

The bankers have claimed for centuries that without them the world economy will not work, and they charge huge fees for their services enriching themselves by simply enabling one person to make a transaction with another.

Bitcoin from one day to the other make them obsolete, and this is why they are trying their best so it does not become popular as they know that if it does then a great deal of the free money they get will simply dry up, and then they will have to compete and work like the rest of the population of the world.

Vaskiy

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Bitcoin being decentralised we were discussing and we want everything to be decentralised. When we get adopted more to the decentralised living we'll experience difficulty than what we experience now. Only thing we can stay positive on is the freedom of usage whenever required. The corporate policy is to keep people under their control, only then it is possible to make money for them. I've seen private banks who trigger people to take loan.

A person doesn't have loan/debt and he leads a happy life with what he earns. The private banks make calls to know whether there is need of loan. This makes them think why don't we take a loan and repay as installments. They start taking loans and finally where they land is the big debt, because the amount spent will be on sophistication and not on productive growth assets.

Flexystar

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Mate, another reason to trust the beauty of Bitcoin. PayPal was always sneaky with its own ecosystem where businesses could already counter attack the users or user could attack the businesses by stating the payment issue and PayPal used to Credit the parties. Now it was one of the service points but it was so stupid that it made the businesses to go on loss many times.

PayPal now introducing stable coins is just another lesson to us they are not gonna stop with the devil minds. Now I’m no techie, but if that written code is real then dude PayPal has got big issues with their client base already. I think we will be looking after long time downturns real soon as people start losing their money with that code of conduct.

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Quote from: mindrust on August 13, 2023, 02:06:09 AM

That’s true as long as you keep wageslaving for them. Anybody who owns his own business can be free financially. It takes lots of work and dedication but it the end you can be free of work forever. If you are living from paycheck to paycheck, can’t save up any money then you will be poor forever. Capitalism designed that way. You either adapt to it or you die poor. You may hate capitalism too but it is not going to disappear just because you don’t like it. The world simply don’t work that way. Owning a shitty small business is a lot better than working for someone else. That shitty small business may become big in the future but your paychecks will stay small forever.

U've got some solid points in there. Running one's business definitely offers a path to financial freedom, though it's no easy feat. It takes a every inch and tons of effort and dedication, but the potential rewards can be quite liberating. And you're right, the current economic landscape does seem to lean towards capitalism's rules. It's true that change takes time, and simply disliking capitalism won't make it vanish overnight. Sometimes, making the best of the situation means adapting to the sistem while also exploringg opportunities to carve your own path. Even startiyng with a small business, though it might seem "shitty" at first, could hold the key to breaking free from the paycheck-to-paycheck cycle. Plus, who knows, that small venture might just grow into something substantial down the road. It's all about taking steps towards the life you want, whether it's through entrepreneurship or finding ways to thrive within the existing framework.

UmerIdrees

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Quote from: kryptqnick on August 13, 2023, 06:07:23 AM

PayPal and other centralized services can freeze the funds of their customers already, without stable coins. I mean, not just banks but also crypto exchanges can totally do stuff like that, citing alleged suspicious behaviour and asking to provide additional documentation, for example. So it's nothing surprising, IMO, that a stablecoin by PayPal would include the freeze function, just to make the process more efficient. And I do agree that people should be aware of these stark differences between cryptos and stablecoins, but let's also not forget about what can already be done by centralized services.

We all are describing here all the bad things that the centralized authorities can do but we do not realize that we live in a world where all the things are centralized. Yes, bitcoin is decentralized to the extent that you can keep it in your decentralized wallet. In order to trade or buy things from Bitcoin, you still have to move your coins to centralized locations. Yeah, there are some ways to use Bitcoin in a decentralized manner too but those options are limited and not much mature.

Until Bitcoin will become that much adopted that it will be widely accepted everywhere, we are only at the mercy of these financial companies who only think about themselves.

summonerrk

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Quote from: UmerIdrees on August 07, 2023, 04:59:20 PM

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Well, of course they will do so.
All financial corporations in our world rely on the fact that we work with manual and mental labor, and they are intermediaries who benefit out of the blue. Someone has to work hard, we all can't just sit and get rich. Therefore, it is in the interests of financial institutions and banks that we do not get financial freedom, but live in a world that has developed for centuries. At the same time, all these financiers get their benefits by speculating with bitcoin. No matter how much they are afraid of him, but he is also an excellent means of earning money for them, especially with their capital.

kryptqnick

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PayPal and other centralized services can freeze the funds of their customers already, without stable coins. I mean, not just banks but also crypto exchanges can totally do stuff like that, citing alleged suspicious behaviour and asking to provide additional documentation, for example. So it's nothing surprising, IMO, that a stablecoin by PayPal would include the freeze function, just to make the process more efficient. And I do agree that people should be aware of these stark differences between cryptos and stablecoins, but let's also not forget about what can already be done by centralized services.

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Quote from: Gyfts on August 12, 2023, 07:14:37 PM

It's not actually the big companies that are purveyors of financial restrictions. They do so at the behest of the government. A company's best interest is to adhere to consumers' interest. If there's incongruence in what a company provides and what a consumer expects, the consumer will go to a competitor. It's how a capitalistic market operates.

With Paypal's stablecoin, I imagine if they wanted to operate within certain jurisdictions, they would have been required to hold centralization powers to the extent they could freeze user funds if compelled by the government. I know Paypal will freeze user funds for arbitrary reasons so they can forfeit the balance and profit from it as well. I view stablecoins as extensions of the government, just operated by private companies. Similar to CBDC's, in a way.

The financial freedom will not be allowed by the the Big companies because they will made their employee depended to them.So the employee will not think outside to their company and totally depend on the company salary for the monthly EMI.The monthly Emi will be the biggest burden to the working people on every month and their monthly bills.So the freelancer will be escape from all of this burden and doesn't buy product based on the monthly income.So freelancer are more financially independent to the company employees.

bettercrypto

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There are many options for us to achieve financial freedom, as Bitcoin or Cryptocurrency has not yet had countless people financially free in their lives because of their growing businesses that just started at small costs.

And now it just adds Bitcoin to one of the ways we can reach financial freedom depending on this of course in your approach and research if you manage it right. As long as the research method is for sure it will also be a good outcome.

bluebit25

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Sometimes I feel like there are a lot of issues that are obvious but people try to avoid, like how an organization has influence and gain public trust during its existence, and why people agree that it guarantees their safety, whether the control is fair or unfair is also unclear. We want freedom and capable parties want freedom through control, I used to imagine the scenario of the economy collapsing and many big companies falling and they just apologizing to the user, the latter will always suffer more severe consequences. The peculiarity of the crypto market is a favorite with those who do not want to be tied down, as well as those who want to influence it for personal gain. Sometimes that crass truth can't be lost, adapted or eliminated, I think is a natural part of life.

mindrust

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That’s true as long as you keep wageslaving for them. Anybody who owns his own business can be free financially. It takes lots of work and dedication but it the end you can be free of work forever. If you are living from paycheck to paycheck, can’t save up any money then you will be poor forever. Capitalism designed that way. You either adapt to it or you die poor. You may hate capitalism too but it is not going to disappear just because you don’t like it. The world simply don’t work that way. Owning a shitty small business is a lot better than working for someone else. That shitty small business may become big in the future but your paychecks will stay small forever.

blckhawk

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Quote from: ChiBitCTy on August 12, 2023, 07:46:00 PM

PayPal is pure and utter scum. They are fraudsters whom get away with murder on a daily basis, and it fucking sickens me.

I'd like to propose to you the company Nestle to topple PayPal off the list. Modern day slavers and they want to privatize water.

The big companies will be able to do that because the people don't do anything about it, as much as you all want to blame these companies slowly building the chains to enslave you, you people not organizing to fight against these silent oppressors and your indifference and ridicule of the people who try to fight them is a big fuel that helps the hot streak that these big companies has been getting in for a while now. I agree that these companies are at fault but who put them there anyway? It's the politicians that you've voted for that put them in that position, I do like to blame these companies too believe me but I just can't, if the people are still subscribing to individualistic philosophies and lifestyle then it will only be a matter of time before they fully control our lives and not just the economy, and we will only know of it when it's already too late. Thanks to satoshi, at the least we are inching closer to being free from these institutions although we still have a long way to go.

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