Bitcoin a tool for self freedom and actualisations. - page 2.

Luzin

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Quote from: Jasad on December 10, 2021, 07:28:46 AM

that's the performance of bitcoin, that's why bitcoin is widely adopted by most people, people are very comfortable with bitcoin, there is no third party that can regulate bitcoin, we are free to do whatever we want with the bitcoins we have, so butcoin until now has very popular and there are countries that have legalized bitcoin..

A decentralized system makes it unique. And some people like that, except for some governments in some countries that have banned all bitcoin activities. They feel threatened because they cannot monitor their activities, and they assume that the world economy will be dangerous.
Set up in the sense of banning or regulating a blockchain network? If it regulates a blockchain network then it will not be able to, but banning the activity is very possible. Just look at China, their government prohibits all crypto-related activities.

airdata

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Quote from: Jasad on December 10, 2021, 07:28:46 AM

that's the performance of bitcoin, that's why bitcoin is widely adopted by most people, people are very comfortable with bitcoin, there is no third party that can regulate bitcoin, we are free to do whatever we want with the bitcoins we have, so butcoin until now has very popular and there are countries that have legalized bitcoin..

Actually not only for Bitcoin people feel happy for all Crypto currency, all crypto user know the Popularity and importance of Crypto and i crypto from my heart becouse crypto changed many people’s life.

Jasad

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= jasad =

that's the performance of bitcoin, that's why bitcoin is widely adopted by most people, people are very comfortable with bitcoin, there is no third party that can regulate bitcoin, we are free to do whatever we want with the bitcoins we have, so butcoin until now has very popular and there are countries that have legalized bitcoin..

Mauser

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I agree that bitcoins and other crypto currencies helped us to get some form of independence from the government and the fiat money. However, we are not completely independent, we still need the good will of the government to engage in cryptos. There are countries where cryptos are banned all together which makes it very hard for us investors. It's much better when cryptos are legal and taxed by the government. Having a legal framework with regulations for cryptos increases the protection for the investor and enables us to plan more long term. Any form of savings these days should include cryptos.

Sterbens

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Me and Bitcoin, that's the concept that none of you, and anyone else has the right to my Bitcoin. Even the government in my country. Freedom, independence for ourselves to control what is in our hands. Unfortunately, Bitcoins aren't all that scary for a government if they don't start the fire themselves. Actually, Bitcoin is coming well, looking at what's in El Salvador, does it break Tyranny? In fact, it actually helps and encourages El Salvador's economic system in a better direction.

DarkDays

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Quote from: hugeblack on December 10, 2021, 06:27:26 AM

Personally, I see Bitcoin as a tool to break the need to trust a third party to transfer money and therefore you do not need to trust a close friend, a bank, or any third party service to do these things for you.

Well, I think you're right about that, but also the idea of trustlessness goes beyond that of Bitcoin extending in most other alts.

This is the true power of decentralization, intermediaries and third party no longer exists.

However, even so there is still that matter of interacting with the providers that facilitate payment via crypto and that's where the problem with identity arises. Of course, we are free to choose in the end but these constrains do place certain limits of utility

so98nn

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Quote from: DeathAngel on December 09, 2021, 02:21:57 PM

Governments around the world are becoming more controlling & authoritarian. If it gets much worse I’m going off the grid & bitcoin is perfect for survival in this mode.

Well yeah sure why not, we can put all our assets into it and see ourselves securing the paper money in the form of bitcoin. But we must ask ourselves one great question, if Government is gonna be that worst then how do we tackle the situation where all the international governments come together and put complete ban on the bitcoin by means of all forces necessary? For example, taking off the whole blockchain itself off the internet?

Though there is one mind which tells me that its just impractical to happen at any cost! I mean as far as I have read the whole blockchain is formation of network through all the PC's, devices, miners which are connected to the internet and thus making it way difficult to take down.

BUT, what if there comes the nightmare and way out of taking this down? We might end up loosing everything. Shocked

Wiwo

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Quote from: hugeblack on December 10, 2021, 06:27:26 AM

Personally, I see Bitcoin as a tool to break the need to trust a third party to transfer money and therefore you do not need to trust a close friend, a bank, or any third party service to do these things for you.
Previously, you had to do it personally using gold or cash (trusting the government) or using a central network that you had no control over.

Bitcoin gave users this option, but financial and other freedom is dependent on the way the individual treats and behaves. Even if he has 1,000 bitcoins, if he does not have sufficient financial intelligence, it is a matter of time when all this money may disappear.

So, Bitcoin is P2P e-money.

You are right Bitcoin is a tool to separate financial transactions from the third-party grips on financial transactions, but financial management and intelligence are needed to guide the user on the right part to take in a volatile environment such as Bitcoin.

hugeblack

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Personally, I see Bitcoin as a tool to break the need to trust a third party to transfer money and therefore you do not need to trust a close friend, a bank, or any third party service to do these things for you.
Previously, you had to do it personally using gold or cash (trusting the government) or using a central network that you had no control over.

Bitcoin gave users this option, but financial and other freedom is dependent on the way the individual treats and behaves. Even if he has 1,000 bitcoins, if he does not have sufficient financial intelligence, it is a matter of time when all this money may disappear.

So, Bitcoin is P2P e-money.

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Quote from: DeathAngel on December 09, 2021, 02:21:57 PM

Governments around the world are becoming more controlling & authoritarian. If it gets much worse I’m going off the grid & bitcoin is perfect for survival in this mode.

I agree with this...there seems to be a big trend around the world for many governments to be control-freak. We can obviously see it now in China, Russia and this can also be coming to the United States of America if the same check and balance are not being uphold. We are still fortunate that at this time cryptocurrency is coming into the market so people can have the option to empower themselves financially speaking. Now, in case anybody is wondering why many governments are fearful of Bitcoin and why they are doing everything they can not be following El Salvador, then it has something to do with control.

Wind_FURY

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OP, no, Bitcoin can’t fix tyranny, or stop a tyrannical group of people, BUT as a censorship-resistant, permissionless, open protocol for hard money, we a tool to use to go around against tyrannical behavior. Pretend all credit cards, payment processors, and banks worked together in a “tyrannical plot” to stop payments for your favorite porn website. Bitcoin fixes this.

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Quote from: DeathAngel on December 09, 2021, 02:21:57 PM

Governments around the world are becoming more controlling & authoritarian. If it gets much worse I’m going off the grid & bitcoin is perfect for survival in this mode.

Thats true we don't have any VC that worry us on dumping but only whales. They aren't different on VC as they are also some early adopter when btc is for sale nearly as free during Satoshi era. We can't avoid such authority being able to do such action when it comes to power but with the help of decentralisation, they could lose. That's WHY China is afraid about Bitcoin expansion and clearly making fud on it.

DeathAngel

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Governments around the world are becoming more controlling & authoritarian. If it gets much worse I’m going off the grid & bitcoin is perfect for survival in this mode.

Tellek Garing

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Studying through the fundamental objective of bitcoin and the blockchain technology I discovered some primary objectives behind the idea of bitcoin existence which is to separate it users not in totality but to some great extent from the tyranny of the government and the entire world financial system, Bitcoin have become a tool for it user to secure a financial liberty and operate independently from the traditional system.
This further goes to explain how bitcoin have help it users with the financial independent needed to actualized their financial desires and dreams.

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