Bitcoin is A Beacon of Hope for the Present and Future - page 3.

Doan9269

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future.

Yes, we cannot pretend that we have not seen so many positive impact of bitcoin in our lives, you can imagine that from the way people all over the world are trying to adopt for the use of these digital currency because of its many benefits that it serves, we have the financial freedom, profitable investment and a secured means of having our assets stored, its all about financial freedom with bitcoin in a decentralized network.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

Here we go again with treating bitcoin as if it's the second coming of Jesus Christ.

It's good and all that we revere bitcoin to a certain degree, to a lot of us here, we can deny how it changed our lives for the better and that's one big truth, but, making out bitcoin as some sort of ticket to financial freedom just isn't right, even though we have people here who fllipped millions of dollars thank to the cryptocurrency giant.

The thing is that, when you paint the narrative that bitcoin is nothing but a cash cow that people can use to instantly earn money whenever they please, you're inviting the wrong community of people to the industry, the ones that are not healthy for crypto in general as they will only be here for the instant profit, and when they can't get that, they'd cry and complain and spread FUD and lies wherever they go, which is not good for the industry. So if you want to dial in with the right community and set fair expectations towards those who just got into crypto right now, stop with the narrative that "bitcoin is the hope of the future" or "bitcoin is the answer to poverty", it's not. Your financial freedom still lies in your hands, work your ass off and be smart about money.

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Due to the fact that bitcoin have been seen as one of the best assest, if not the best assest to invest in, because of the rapid growth in value which it has gain ever since creation. This have made it hopes for people who believe in it, and invest in it, as long as you understand how to invest and you have a means of income that you can use little part to invest in bitcoin. It will serve as safe haven for them in future, because the price of bitcoin increase with time-line.

However, it is not everyone that will benefit from bitcoin, because some are feeling not safe investing in it, while some are just too poor and are in an interior community where they cannot have access to the internet. Then some believes that they are too rich or knowledgeable to invest in bitcoin. This is why not all will benefit from bitcoin, but only individuals who are have the opportunity to invest and took advantage of it.

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Quote from: fuguebtc on April 01, 2024, 08:02:23 AM

Quote from: alastantiger on March 31, 2024, 03:52:14 PM

In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking.

what will you do to own bitcoin if you don't have money , bitcoin is not provided for free to people with unstable economies ? And if you don't use a bank , don't use a traditional currency system, how can you buy bitcoin ?

I believe there are persons that own bitcoin today that didn't bought the bitcoin through any traditional banking. There are bitcoin owners with digitalized skills like web and graphic designing, domain creation etc and they are paid with BTC, all they had to to was to create a wallet and get their wallet address available for deposit payment for their services without passing through any bank service. But this in anyway doesn't mean that the traditional banking system is turned irrelevant, not really, they do have a role they play in society.

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In the bitcoin whitepaper, bitcoin is likened to a currency but bitcoin is becoming an investment. I don't see too many people using it as a currency, and I don't think there's any chance of it becoming a replacement for the current monetary system . what I'm seeing is people taking advantage of its volatility to get rich and become financially free.

Bitcoin for many if not all users/holders is mostly for investment purpose than transactional use as it is with fiat in our daily economical activities. What's crucial in it all is that bitcoin has given and still giving a whole lot of persons the opportunity to make and have investment that creates financial freedom for them which they were limit with the centralized fiat system.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking.

what will you do to own bitcoin if you don't have money , bitcoin is not provided for free to people with unstable economies ? And if you don't use a bank , don't use a traditional currency system, how can you buy bitcoin ?

In the bitcoin whitepaper, bitcoin is likened to a currency but bitcoin is becoming an investment. I don't see too many people using it as a currency, and I don't think there's any chance of it becoming a replacement for the current monetary system . what I'm seeing is people taking advantage of its volatility to get rich and become financially free.

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for people living in developed areas and have access and both knowledge it is a beacon of hope for them as they will have the ability to save their asset without going through banks and this asset will not be subjected to inflation like the fiat does but aside this people the bitcoin is still like a fairy tale just like how the internet it self has spend years and still people cannot get better off it due to their economical and geological condition. Bitcoin only eases cross boarder transaction and doesn't solve some of the nations economical conditions that we attached to it.

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Quote from: Vincom on March 31, 2024, 04:29:07 PM

Quote from: alastantiger on March 31, 2024, 03:52:14 PM

I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

BTC is not yet a common currency outside of El Salvador

It isn't even common in El Salvador; nearly no one is using it there. Just because they made it legal tender doesn't mean it was adopted. Do some research instead of eating the maxi b.s. that is posted here.

It doesn't surprise me; the AVG person isn't going to understand wallets, addresses, or exchanges, nor should they just blindly trust them.

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Quote from: Rruchi man on March 31, 2024, 04:13:57 PM

Quote from: alastantiger on March 31, 2024, 03:52:14 PM

Bitcoin carries with it the hope for a more equitable and inclusive future.

There are many individuals who never imagine them self to be able to have something to invest in because of their very little source of income. Some of these people have engaged in activities like gambling where they know that they can win a fortune and change their story as a way to maintain hope about the future. Bitcoin provides this sort of hope because proper discipline investing in it even with the little source of income can be a way to financial independence in the future. It is a reason why many young people especially are adopting it, not as a get rich quick scheme, but as a way to be rich.

I have seen quite several people who are relying their faith in financial freedom with gambling, but I haven't seen enough young people who are actually accumulating bitcoin little by little or DCAing. What the young generations were doing was to add hype with shitcoins and scam projects to get rich in a much quicker way. And yeah I am talking about Gen Z people. Though I've seen a few, at least here in my country, but most of them are into alts which will eventually rug pulled on the latter.

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Too loud a conclusion to be true. Bitcoin can be a good safety net to save your money from inflation, but it cannot save the world. Unfortunately, the people who need help the most often do not have basic access to the Internet. How can they advance to the lighthouse if they have neither knowledge nor means? Knowing all the advantages of Bitcoin, we can only guide people to familiarize themselves with and study it so that people themselves begin to understand that Bitcoin can be one of the ways to change their future.

davis196

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

Religious sects are also giving "hope for the future" to their members.
Communism also gave a hope for the future to all socialists/communists, in the form of an egalitarian utopian society, where all needs will be met and there will be no poor people and exploitation.
That's why I'm always skeptical about any ideology or system that gives the people "a hope for the future". Everyone hopes that Bitcoin will hit moon and they will make some easy money, but what happens after Bitcoin hits the moon? Will the price stay on the moon? Grin

it will most likely crash and go down. Maybe it's the ups and downs of the BTC price that are giving hope to the traders.
Anyway, I agree with the "be your own bank" principle of BTC, but most Bitcoiners are using centralized crypto exchanges so this seems more like hypocrisy to me.

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Quote from: hugeblack on March 31, 2024, 09:18:11 PM

I do not believe that Bitcoin is the solution and hope for all your economic problems, but rather it has removed the need for banks or any third party to control your money.

True, not all people can understand bitcoin or they could not even utilize and maximize the potential of bitcoin, in short bitcoin is not for everyone, so yeah bitcoin may not be the solution for all people who is facing financial problems or the economy problems, because economy is a bigger problem so we can't expect that bitcoin alone can solve it, and how can bitcoin solve the economy problems if not all people can be able to do bitcoin or earn from it, let's face it, no matter how powerful bitcoin is, if not majority of people can utilize and use it then it doesn't change a thing, right now bitcoin or crypto currency is only know to certain number of people around the world and not all are ready or open to knowing and adopting it. Even with the current price of bitcoin, not all people wanting to invest in it can earn or ride the bull run. Some will, of course, stumble as they don't have proper guidance in navigating bitcoin.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

Bitcoin holds many opportunities that would be beneficial to individuals, corporate bodies and even nations. Decentralization gives people the freedom to use money the way they want without restrictions placed by the government. It also promotes privacy which enables individuals to hide their financial transactions or worth.

Currently, Bitcoin is used more as an investment than a currency. In most countries where it is popular it is hardly used to pay for goods and services but many people use it as a speculative asset. Although the currency could be bought in bits which gives people the opportunity to buy based on their income many people still cannot afford to buy it. In the future, I also think that it will be difficult for low-income earners to have access to it. So I doubt if Bitcoin will promote an equitable and inclusive financial system.

Bitcoin promotes decentralization but from the way institutional investors are rushing into the sector, centralisation is now becoming the order of the day. Many people are now attracted to investment packages offered by some ETF providers instead of having the keys to their investment. Maybe things will turn out better in the future.

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Quote from: hugeblack on March 31, 2024, 09:18:11 PM

I do not believe that Bitcoin is the solution and hope for all your economic problems, but rather it has removed the need for banks or any third party to control your money. If you want to send or receive your money across borders, you can do so without it being frozen or an employee asking you for a lot of information about you, but the solution to your economic problems begins with learning. Reducing your expenses, saving and investing, Bitcoin can benefit you as an asset with increasing value.

Bitcoin is not a therapy for a national or global economy and any economic problem. It only can be a therapy for an individual to improve his/ her financial status, increase his/ her wealth by investing in Bitcoin and hold it a long time.

For economy, whatever at national or global level, it must be solved by a nation, its government, central bank, and combination of global efforts from many countries, Bitcoin can not do it for any nation or the whole world.

It is more easily to help a person to improve individual wealth than help a nation or the world. A bigger and wider scale, there will be more complicated combination of many factors and Bitcoin can not solve or improve all of those factors.

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Quote from: hatshepsut93 on March 31, 2024, 05:50:36 PM

Quote from: alastantiger on March 31, 2024, 03:52:14 PM

Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

There are a few problems with this. The extremely poor people don't have access to phones, computers, internet and computer literacy needed to safely use Bitcoin. They also wouldn't be able to afford to pay Bitcoin network fees during times of congestions. And they don't have any money to invest in Bitcoin as a store of value.

Very true and this is a very important issue and also requires a long time that will never be known for how long, it is true what the OP said, but we also have to think about this issue.
And to use Bitcoin it must be supported by circumstances, facilities, intelligence and also the ability to think to develop and financial capabilities. And these are all very important provisions to have, and many poor people experience problems with all of this, including internet access which still has many problems, especially in remote areas.

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I do not believe that Bitcoin is the solution and hope for all your economic problems, but rather it has removed the need for banks or any third party to control your money. If you want to send or receive your money across borders, you can do so without it being frozen or an employee asking you for a lot of information about you, but the solution to your economic problems begins with learning. Reducing your expenses, saving and investing, Bitcoin can benefit you as an asset with increasing value.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it.

Bitcoin gives full control to the owners. The saying “Be your own bank” resonates so well with Bitcoin but some bitcoiners shy away from the responsibility of being their own bank. They use bitcoin wrongly, storing bitcoin in centralized exchanges and choosing wallets that are closed source.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

Bitcoin spending over a decade and doing greatly well can be a pointer to bitcoin potentials for the future and even the present moment because bitcoin is much more easier for transfer of ownership and long term holding as an asset without any third party involvement thos freedom make bitcoin suitable for all both the bankable and unbanked alike and so much so we have to point to the financial I dependence that comes along with bitcoin and holding it within a certain period of time.

First of all with bitcoin, the holder have the 💯 right and control over the asset and can send I to any receiving wallet without any trace unless for non custodial transactions, bitcoin is the best financial tool for a time like this when the traditional economy is in crisis and need alternative to ease individuals pressure in both investments and currency for daily transactions.

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Quote from: alastantiger on March 31, 2024, 03:52:14 PM

Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

There are a few problems with this. The extremely poor people don't have access to phones, computers, internet and computer literacy needed to safely use Bitcoin. They also wouldn't be able to afford to pay Bitcoin network fees during times of congestions. And they don't have any money to invest in Bitcoin as a store of value.

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Quote from: n0ne on March 31, 2024, 05:22:20 PM

The key success behind bitcoin is the technology and the purpose behind its development. It is more futuristic and gives hope to everyone who finds the real goodness in it. Not everyone is aware of it, because people have begun to be part of the bitcoin network for its growth and profit rather than the unique features it holds. When we talk of bitcoin's growth, it always reminds me of Laszlo Hanyecz, the bitcoin pizza guy. Maybe bitcoin couldn't have grown this high in value as well as in terms of popularity. In such a scenario, bitcoin is a beacon of hope for the present and future. This happened through Satoshi and Laszlo Hanyecz.

In this market, people will only truly understand the significance of this technology when they are actually doing the transactions using this currency. Because if they will only speculate and just observe, they won't understand what is really going on in this tech.
But when a person uncovers the benefits or advantages of this technology, they will feel grateful to have been part of this market.

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The key success behind bitcoin is the technology and the purpose behind its development. It is more futuristic and gives hope to everyone who finds the real goodness in it. Not everyone is aware of it, because people have begun to be part of the bitcoin network for its growth and profit rather than the unique features it holds. When we talk of bitcoin's growth, it always reminds me of Laszlo Hanyecz, the bitcoin pizza guy. Maybe bitcoin couldn't have grown this high in value as well as in terms of popularity. In such a scenario, bitcoin is a beacon of hope for the present and future. This happened through Satoshi and Laszlo Hanyecz.

Topic: Bitcoin is A Beacon of Hope for the Present and Future - page 3. (Read 622 times)