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Topic: Bitcoin a Partway to Becoming Self-Reliance. (Read 469 times)

hero member
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Bitcoin promotes freedom, but it isn't an absolute path to freedom. You're still subject to the jurisdiction of your local government. Right now you're witnessing the attempt of most governments to regulate bitcoin by requiring registration information of miners and crypto users or taxing it at exorbitant rates. Bitcoin makes financial regulations easier to circumvent, but again, you're bound by law. Now, you're not bound by the government's poor decision to handle monetary policy, though. Whatever your local government might do to drive the currency into the ground has no consequence to a self reliant crypto user.
Yes, you are right but if you look at it as the p2p level Bitcoin offers its users total freedom as you own your keys and your wallet, and you can transfer to any wallet of choice without any interference from the government. The drawback will only come when you move out of the decentralized system to centralized services, so if you use Bitcoin as a decentralized alternative currency then you are sure of total freedom but when you via in for the use of third-party Bitcoin services such as exchange and the rest you begin to lose your freedom and start exposing your privacy.
hero member
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fiat currency also gives us freedom

If this had bee gotten I think there would be no need for a gold rush on bitcoin for security and decentralization because that's what the word freedom quonote here. we need to understand that government aren't giving us this and the only means we can achieve it is through anonymity and decentralization which is all about bitcoin.
@riso2015 Fiat never gives financial freedom, it was backed by the government but advise you to read the little explanation provided by the OP about financial freedom.
@Doan9269 The political rules and understanding of the government will never let them give us the needed freedom and freedom is not only achieved through anonymity and decentralization because freedom can also be achieved through no censorship. However, anonymity in Bitcoin requires some effort.
legendary
Activity: 2828
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Bitcoin promotes freedom, but it isn't an absolute path to freedom. You're still subject to the jurisdiction of your local government. Right now you're witnessing the attempt of most governments to regulate bitcoin by requiring registration information of miners and crypto users or taxing it at exorbitant rates. Bitcoin makes financial regulations easier to circumvent, but again, you're bound by law. Now, you're not bound by the government's poor decision to handle monetary policy, though. Whatever your local government might do to drive the currency into the ground has no consequence to a self reliant crypto user.
full member
Activity: 798
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Everyone with their way of understanding, I can easily say that the freedom can be mostly referred to only the user, lover as well the enthusiasts Globally not everyone using bitcoin and there some places that are yet to know and discover more facts about the digitalization which involved; Primitives village that includes lack of internet access, poor communication and failure of radio signals. But yet they have their buy and sell working effectively without barrier, they also live their lives freely without any cause or at low cost. So if I may say, the freedom connotes to those who are actively involved just we both since we can transact, buy and sell free on the internet without any interference other than being careful for destination address or the receivers.
hero member
Activity: 812
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fiat currency also gives us freedom

If this had bee gotten I think there would be no need for a gold rush on bitcoin for security and decentralization because that's what the word freedom quonote here. we need to understand that government aren't giving us this and the only means we can achieve it is through anonymity and decentralization which is all about bitcoin.

but there are also countries that restrict the withdrawal of fiat money

Those are the likes of KYC related challenges whereby you will be limited to perfoming certain amount of transaction within a limited time frame, many people find this very challenging because the restriction is not in favour of many businesses and individuals find at an unsecured means to exposing their private and financial circumstance to a third party corporate body.
sr. member
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Because the original purpose of bitcoin was created to remove obstacles in the financial world, for example when making transfers abroad, the process does not need to wait for working days, but only takes a matter of hours or even minutes.
and without involving third parties such as banks, and also there are no regulations that could potentially hinder the payment process and that's the freedom that I feel and everything is controlled by myself and is also anonymous which can hide my identity during the transaction.
hero member
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Freedom is not a complex word but every one can easily understand it. When you have bitcoin, it doesn't automatically mean that you can now do anything that you wanted to do but there are still some restrictions and besides, not all country legalizes the use of bitcoin. That simply means that the government itself still has control. Criminals can prefer bitcoins because their transactions are anonymous and irreversible which is perfect for their shady activities. This is why many governments are still against the use of bitcoin. We can use bitcoin but we should use it legally so that we won't experience any problems.
Freedom in this context entails only the financial aspect which is the freedom to own and do whatever you want with your finances as long as you have it in Bitcoin and a none custodial wallet that only you have the private key to the wallet, you can send and receive Bitcoin anytime you wish to without interference from any institutions or government unless you want to use centralized Bitcoin services such as an exchange. When we talk about freedom in Bitcoin we simply mean the freedom to own and use at will bit as a citizen you are under the law of the land and that law must be respected and obeyed in totality.
hero member
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Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom
Freedom is not a complex word but everyone can easily understand it. When you have bitcoin, it doesn't automatically mean that you can now do anything that you wanted to do but there are still some restrictions and besides, not all country legalizes the use of bitcoin. That simply means that the government itself still has the control. Criminals can prefer bitcoins, due to the fact that its transactions are anonymous and irreversible which is perfect for their shady activities. This is why many governments are still against the use of bitcoin. We can use bitcoin but we should use it in a legal way so that we won't experience any problems.
hero member
Activity: 2702
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Nothing lasts forever
Bitcoin is definitely one way to be free from the control of the government and be able to spend it however you want and whenever you want without worrying about anything.
But it still doesn't mean you are completely free because the government is watching you and many times having a control on you.
You just don't know how but the government can literally own you if they want to because we all have fallen into their trap.
Earning an income from the jobs created by the government and being controlled by third parties and then have to give a cut of your income to the government as tax.
Doesn't all of this sound like you are not living a free life at all.
sr. member
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When you talk about the freedom you should always point to the view of many scholars who have defined the subject (freedom) it's a compound world at the same time a simple word, which simply means the right to do what you want to and when you want. And one of the ways the government has held its citizen bound is in the financial freedom which is the most important type of freedom because it translates into economic freedom.
Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom

Bitcoin and freedom has been the terminologies hand-in-hand for the past couple years. Bitcoin paved way for decentralized transactions that free the users from the reach of the government as well as the inconvenience from the traditional processes. In addition, it gave and still gives the users the opportunity to have a sideline for additional income and even a main job to become their main source of fund.

However, recently, there are many changes that has made which entirely moved the usual dynamics of bitcoin. Bitcoin is still a decentralized entity, however, in some platforms, there are now regulations imposed. Some platforms such as in trading, are now regulated by the government. Which is why some requires KYC to their customer. Hence, freedom is now vaguely felt compared before.

Although this is still a case to case basis because we use different platforms, wallets, etc. It will be subjective the way how we view freedom as well. Nonetheless, these changes, if you don't want to grasp, you can find alternative ways. Or perhaps you can also try to adapt.
hero member
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You own the pen
Total financial freedom for me is you have all the control of your money no matter how much it is and you can also hide it from the public and let yourself play poorly when in reality you know for yourself that you are capable of buying anything you want. Unlike the norm that you need to be transparent to the government about how much money you have so that they can acquire some taxes from you and spend it for themselves and they will gonna be interested in your assets when you are not paying them well.
sr. member
Activity: 2660
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Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom
One of the things that really got me interested in bitcoin is how simple it is when it comes to making transactions. It is very cheap compared to most other means there is, and then you don’t need much to make use of it, no paperwork like you would do when making use of banks. It has just simplified everything so well.

No matter where someone is around the world, all they need is just create an account which is setup instantly and you have your address which is the only thing needed for the transaction. And it is really a cool technology.
legendary
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I see the "freedom" a bit differently to other people..... Yes, some people might say that the public are not restricted in the transactions that they are allowed to make with Fiat currencies, but they are wrong. Those people have not been restricted yet.... and people will not learn what Financial freedom are..until that happens.

Let's take donations to WikiLeaks ..... Now it might show you a Credit card option on the site and PayPal ... but what if you do not want people to know about your donations? A while ago all credit card payments to WikiLeaks were blocked ==> https://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks/?sh=5b987a152cad

What happens when you run a legitimate business on "Backpage" and all Credit card payments via "Backpage" were blocked? (Or PornHub, if you are into that..or earning money from that)  Huh

Who will they decide to block next? How will that influence your decisions to make transactions to those platforms or services?
hero member
Activity: 3150
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Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom

Bitcoin offers freedom if you know how to use it properly.Putting your Bitcoins in a centralized custodial wallet/exchange platform doesn't mean "total freedom".
I don't know what do you mean by "Bitcoin activities"?Do you mean crypto trading?NO,crypto trading isn't more profitable than "traditional physical activities".Most of the crypto traders are losing their money.
I don't know where did you come up with this conclusion?This sounds delusional to me.
Freedom is all about responsibility,making the right choices and sticking to them.Being free doesn't necessarily mean that you will be more successful with what you are going.Failures are a big part of making choices and a big part of learning and improving as a person.
hero member
Activity: 2744
Merit: 588
You can only have financial freedom if you have a lot of bitcoin in your wallet. If you have less than 1 BTC then it might not be enough for you to survived specially if the cost of living in your country is very high.

Of course, we as bitcoin enthusiast know this one, that's why it's better to save and accumulate first before we can claim that we indeed gain our freedom. So invest early and just save as many as you can because the supply is getting thinner.
Yeah, another thing is that BTC doesn’t automatically make you rich, it’s something that takes time. You have to invest and you will have to patience for the market to become bullish, which I know most people hardly do, because they don’t have much to spare, they just want to invest and make earnings quickly which is usually not the case.

But, anyone who is able to have that level of patience and wait till the market goes up will always benefit from it. A lot of people has indeed obtained financial freedom through this.

This is why a lot of newcomers have different perspectives on bitcoin or crypto in general.
They thought this is their path to financial freedom but there's more than meets the eye in this industry.
You can't get rich just by joining or getting on board this market. You need hard work in investing, trading, mining or whatever you ventured with.
This is not a ticket to get rich quick but will give you opportunity to improve your financials if you know what you are doing.
hero member
Activity: 2828
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You can only have financial freedom if you have a lot of bitcoin in your wallet. If you have less than 1 BTC then it might not be enough for you to survived specially if the cost of living in your country is very high.

Of course, we as bitcoin enthusiast know this one, that's why it's better to save and accumulate first before we can claim that we indeed gain our freedom. So invest early and just save as many as you can because the supply is getting thinner.
Yeah, another thing is that BTC doesn’t automatically make you rich, it’s something that takes time. You have to invest and you will have to patience for the market to become bullish, which I know most people hardly do, because they don’t have much to spare, they just want to invest and make earnings quickly which is usually not the case.

But, anyone who is able to have that level of patience and wait till the market goes up will always benefit from it. A lot of people has indeed obtained financial freedom through this.
legendary
Activity: 2954
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If we put Bitcoin as a way of becoming Self-Reliance, I think the Bitcoin early investors are the best example.  Since OP tackles financial freedom, which in definition is:

We must remember that decentralization is the first condition of growth the best example is Bitcoin. What you do not make free, will never grow...


I highly contradict your opinion, if all businesses were made free they will all get bankrupt.  If you offer your service for free, yes you can grow your contacts of people to exploit you and you will end up starving because you don't have money to feed yourself.  Grin. In the end, you are dead even before you see your growth.  In relation to Bitcoin.. it isn't free. You need funds to buy a machine to mine them.  You need to invest money to get them. And having decentralization also has its own price.
hero member
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Bitcoin is part of being independent, indeed I admit that bitcoin is part of being independent, we are free to invest whenever we want, we are also free to make any transactions we want, but we should not put fiat currency aside, because fiat currency also gives us freedom, we can do whatever we want with the money we have, but there are also countries that restrict the withdrawal of fiat money, and we are not given the freedom to do what we want.
Fiat currency is not getting put aside, it is not really a thing where you need to become full-time crypto and never use dollars ever again in your life type of situation. Obviously you are going to require a bit of situation where everything will get better or worse, but at the end of the day we are talking about a situation where bitcoin needs to help you to get it better on your worse days.

If you use fiat regularly like you have been, and like human has for over a century now, that means you are going to just add in bitcoin to some portion of it and that is where it will help you, just a side deal where you invest and earn, think of it like gold or stock market basically.
sr. member
Activity: 756
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I think Bitcoin has the ability to help make one self-reliant since it makes us enable to use it in our own ways and has no constraint of depending on any system or say investment perse. It helps us to do things in our own ways and also helps us meet our own needs. It has the capacity to rely on and manage one’s own affairs.

There is a saying ‘We must always bear in mind that we are not going to be free, but are free already.

We must remember that decentralization is the first condition of growth the best example is Bitcoin. What you do not make free, will never grow...
sr. member
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Bitcoin is part of being independent, indeed I admit that bitcoin is part of being independent, we are free to invest whenever we want, we are also free to make any transactions we want, but we should not put fiat currency aside, because fiat currency also gives us freedom, we can do whatever we want with the money we have, but there are also countries that restrict the withdrawal of fiat money, and we are not given the freedom to do what we want.
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