Topic: Big companies will never let you have the financial freedom - page 4. (Read 668 times)

The problem is that large companies can easily lay off many people at the same time during a crisis. After all, at any moment - thanks to a well-promoted brand - they can hire as many new people as they want. Therefore, working for a large company does not guarantee stability

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

When I first encounter the news of Paypal going digital, I knew it they are going to come with a comma, nothing special, more like the normal USDs we already have in circulation, the little difference they are offering is, they want to tap into the revenue other stablecoins are milking from the users. Right from day 1, I think Paypal has anti-freeze policy and payment can be reversed at any given time, I see how they have damage businesses by reversing the transaction of a client when they complain of unsatisfaction which is very wrong in all ramifications.

If you can't verify, don't trust, it is as simple as that, stay away from another glorify stablecoins that can make you lose an entire wealth in a single day, they also have KYC for fighting and tracing users when they don't feel satisfy by your actions or money is been spent, I will avoid using the stablecoin. If I have opportunity to receive payment from another place, I simply request for BTC and convert it as soon as possible, no stress!

All the stable coins and Alt coins with centralized decision makers are simply a Crypto facelift for Fiat based financial institutions. The moment when an individual or a small group of people can flip a switch and have full control over your tokens, then it is not financial freedom anymore.

The real deal require mass consensus from mostly pseudo anonymous entities ...and there should be a shitload of them. Not one mining pool with a lot of hashing power... but the majority of them.    (Bitcoin was developed to protect it's own interest.... so people will not make any decisions that will harm themselves) 

I respect your advice about possible freeze of funds if using this new stable coin but your title isn't adding up for me, what do you mean that this company will not let people have financial freedom? The freedom that people already had before Paypal released a stable coin, even if I start using this stable coin, what could possibly go wrong? Freeze my account and never give me back my money, that's the highest that could happen, do you know how many times I have lost money in crypto space? I still have my financial freedom.

Many people learned season from FTX and some don't, but I am sure they people have moved on, I am going to use PayPal stable coin if I can buy things from other marketplace online, they make it more easier, because I have use PayPal service many times already.

I have never stored more than 500$ in my PayPal account, unless I want to buy something more costly like 1000$ or more but it doesn't sleep in that account more than a day or two, people are still using PayPal till date and so shall it be with their stable coin.

This is not a really surprising thing because as long as it is coming from a centralized company then it has to follow the guidelines og governments so they can never able to launch something like bitcoin even if they want to.

Coming to the financial freedom part no one is ever going to stop you from achieving it but it is more complicated when things are centralized that is the difference.

Wherever you work, of course you have work responsibilities that you have to do, they limit you, maybe they are worried that if one day you suddenly don't work for them anymore, this will of course take time for them to find a replacement that can be placed in your position. I am interested in what you said that financial freedom will depend a lot on our personal selves, we must continue to develop ourselves even though we work for other people's companies, because it is not certain that we will always be able to work for the company where we work.

Of course, this is not teach in school though, that is the sad part. But in the beginning if after school we all know this, then maybe majority of us will be a entrepreneur themselves and will start from scratch. We have heard success stories in the past, wherein someone takes a risk after college or even not graduated but focus on their ambitious to become financially rich and of course the freedom they want.

So they put up a online store or even services and they try to grow it up from ground up and then become success in the following years. Maybe it's not for everyone, but if we have ambitions then perhaps we can also take risk as others before us has done in the past.

Financial freedom, or at least at the full existence of it, cannot be exercised if you are working under a company (the government also adds into this). First off, companies wants themselves to get rich not their employees. They want hardworking and money driven employees that will spend hours of dedicated work to be on their side to make them money after all.

True, they are still free to exercise control, for example they can pause, freeze, and delete transactions and wallets that are deemed not in accordance with their rules at any time in their ecosystem.

Apart from BTC, I think there are still services out there that provide complete investment products where we as users are free to choose the instrument or type of investment according to our individual needs and risk profile without more intervention from the service provider.

Yes, it seems you are right, because it is undeniable that the majority of large companies and the government are only concerned with their own profits and the interests of their employees are always left behind? So if big corporations prevent a person from being financially free, that's a fact.
Maybe it's because the big companies that already exist today feel they are the biggest and most needed by everyone. Like in my area, there are companies that are quite large, but these companies do not pay their employees according to the rules and regulations of the minimum wage set by the government, while the work is quite heavy. But the problem is employees are paid very little. Even though the employees have given input, the company still provides a small salary to its employees. So in short the company spoke like this "if you are willing to work with that salary, please continue working, if you are not willing, please leave".
So that for people who do not have skills or other jobs, in the end they still work at the company, even though the work is quite heavy and the salary is very small.

And what's also infuriating is that the government seems to have been bribed by the company so they just keep quiet as if they don't know.

That's why bitcoin is the most superior and the most prioritized. Because bitcoin is decentralized, so if you own bitcoin, no one will suddenly take or freeze the assets you own. In contrast to altcoins, the creators of these altcoins may take their liquidity. Although this rarely happens, in reality it can indeed be done. Because like the altcoin/stablecoin that you mentioned, it's clear that the plan is not good. So the point is to always be careful when buying altcoins like that, or better not just buy them.

Well people would be relying on them since someone reputated is handling their money just like any other banks out there. People think that relying to a third-party reputated organization would give them the most of their security. Think of it like in crypto where they thought that holding in an exchange is a good idea.

Quite a choice of words there by the way.

If crypto would get widespread recognition and acceptance as a global method of payment then government would just put more regulation to it since it is being used already by the mass. It's not really a good thing to happen if you would ask me.

Your observation regarding current state of crypto currencies where it has to rely on traditional fiat currencies for exchange and realization of value is, true, and this situation is influenced by government control. This interdependence will continue until cryptocurrencies achieve widespread recognition and acceptance as a global method of payment. As the current  fiat currency system is consistently losing the confidence of people due to its inflationary tendencies, we believe that Bitcoin is the best and optimal alternative, and potential path leading towards financial freedom.

We should be aware of this a long time ago, because now is in vain, due a lot of people already have a trap and are invested, so news like this does not appear and makes FUD for global crypto. News like this also makes some people argue if crypto, whatever kind, is a scam and can make their assets to lost can't be used. I think this is a big problem for crypto enthusiasts, so now, what we can do is how make people believe again that not all cryptos are like that. I doubt if they still believe Bitcoin is not one of them. Because his brain is already washed by news like this daily.

Absolutely natural for a stablecoin to be orchestrated under the stewardship of a specific corporation or entity. They hold the reins, while users hold the call whether to embrace the service or bid it adieu. Each enterprise shall choreograph its role of repute, a psychological leitmotif believed to lull individuals into the notion of monetary preservation, even under such distinct statutes. This dynamic ensues from the presumption that platforms bearing a laudable standing can effortlessly amass a substantial user base, notwithstanding the idiosyncrasy of their protocols.

What rests in the balance is none other than reputation. As long as these corporate behemoths exude a pristine standing, throngs shall gather at their doorstep. And in a flash, their reputation crumbles with just one slip-up.

Financial freedom isn't just about using tools like PayPal, stablecoins, or cryptocurrencies. Instead, it relies on individual decisions and choices, not influenced by large companies.

Bitcoin can be a useful tool for conducting online transactions and plays an important role in achieving financial freedom. You want to emphasize personal choice and encourage people not to always rely on big companies or organizations.

Furthermore, decide not to use the services of companies that you consider to be inconsistent with your personal values ​​and views. The right to self-determination and the willingness to stand up is very important and should not be relied on by centralized organizations.

There is a bottleneck when using cryptocurrencies - one way or another we tend to exchange it for fiat, and fiat is the prerogative of the state. Therefore, the state dictates the rules. As long as there are no prices set in satoshi, there is no freedom. The freedom that does exist is elusive. Therefore, cryptocurrency at the moment is just a quick way to transfer the equivalent of assets, nothing more.

For this code to be available for public view it means that the PayPal stable coin code is open. If they have lines of code written to freeze assets and still make the code open, I don't understand what they want to achieve. Could it be that it is an insider who leaked the code?

Meanwhile, OP the big companies especially the financial institutions doesn't want you to be financially independent and that is why their rules and model of business is heavily revolving around centralization. That is the only gesture that will continue to keep them in the market.

what about the essence of crypto, being decentralized and all that? You make a point about freezing and locking up coins, but is that really breaking the essence? Some may say it's evolution, or something like that. Paypal creating something similar, that's predictable, isn't it? They've got rules to follow, reputation to keep. Expecting them to make a stable coin, with the features they like, not a surprise, or is it? What would you expect?

Absolutely right. Achieving financial freedom is a shared aspiration among all of us. However, it is possible to turn this dream into reality through a systematic approach of  accumulating Bitcoin on every significant dip in its market price by utilizing Dollar cost Averaging (DCA) strategy. By steadily following this method and continue holding Bitcoins in your possession despite market fluctuations, it is potentially possible to gain substantial profit once the bullish season commences.