Bitcoin is freedom money | Bitcointalksearch.org

GeorgeJohn

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Quote from: Jawhead999 on July 10, 2022, 04:40:05 AM

Quote from: Alisha-k on July 10, 2022, 03:37:57 AM

The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors

You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.

you are right, because when you peruse to this coins people get scammed to, many of them are the species of altcoins and directly shitcoins. When we make that clause of diversification of portfolio it's not necessarily means a coin that have no potential in it, why people is directly and consciously extending the investment to shitcoins is order to make profit. But sometimes it backfired because many shitcoins is mainly scam project.

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Quote from: Jawhead999 on July 10, 2022, 04:40:05 AM

You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.

People with these characteristics will only get a loss, because they never learn from what has been done. Experiencing a lot of losses on shitcoin and then moving to bitcoin, but they are also not vigilant and don't know how cryptocurrencies work, so they fall into the trap of scammers. Of course they will continue to think anything related to crypto is a scam.

Jawhead999

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Quote from: Alisha-k on July 10, 2022, 03:37:57 AM

The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors

You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.

Alisha-k

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Quote from: noorman0 on July 07, 2022, 06:39:26 AM

Quote from: dataispower on July 07, 2022, 04:05:41 AM

you know that without tokens being created cryptocurrency won't have being valuable and bitcoin won't have be widespread.

I think even on the contrary, those kind of tokens are created to lure new people into fraudulent schemes and in the end they end up pitifully. The service behind it just rides bitcoin's fame and manages as if they still adhere to "financial freedom" principles.

For many times bitcoin has become the scapegoat for the evils of this kind of token scheme. I think it just spreads the image of bitcoin badly.

The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors

Daniel91

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Quote from: Markinzo on July 08, 2022, 07:11:17 AM

Quote from: Majestic-milf on July 05, 2022, 02:00:43 AM

Paper money is a country's official fiat that is circulated for the transaction of goods and services. It's emergence in the US dates back to 1690 https://www.google.com/url?q=https://www.investopedia.com/ask/answers/09/paper-money-usa.asp&sa=U&ved=2ahUKEwjcldGcieH4AhXaS0EAHX9AC0QQFXoECAQQAg&usg=AOvVaw3OU2oUH8VxEOCtN21yemS6 and was used to represent bills of credit and IOUs.
Paper currency is cheap to produce and also easy to use but can be fragile and subject to loss in value due to inflation and change in public opinion.
July 4th, or the fourth of July, 2022 marks the US 246th independence in 1776, and admist the pop and fun fare, it is noteworthy to include the important role BTC has played in helping citizens to gain monetary independence from their local Fiat.
Thomas Jefferson gave the best illustration of paper money in his quote and I've never agreed better.
"paper is poverty, that it is the ghost
of money, and not the money itself" Thomas Jefferson
By saving in BTC and holding private keys, you become liberated from the flawed financial system of a country. It has proven severally of possessing the ability to bring about freedom. Many argue that it has no use case and no value but in Afghanistan, women have been using it to build financial freedom, and this a place where women are banned from doing so with normal Fiat.
In a recent incidence where the head of State of a country tried locking down accounts of peaceful protesters in a bid to scatter the protest failed due to Bitcoin crowdfunding, his efforts were beaten. In essence, BTC is the ideal hedge against tyranny. https://bitcoinmagazine.com/culture/on-july-4th-use-bitcoin-and-protect-freedom.

Fiate money may have it's obvious limitations including that of overall control by the government but it's role in certain areas where BTC can't penetrate can't be overlooked. Both BTC and Fiat money has their places of significance hitherto freedom

I agree with you.
I think it's obvious that the vast majority of people view bitcoin as an investment, not as money to pay their bills.
We all want to achieve financial freedom and we see bitcoin as a means to that end.
I believe most people keep their bitcoin funds safe and don't want to spend them but wait for the price to increase to sell them.
In fact, bitcoin has given an opportunity to ordinary, small people, to trade, buy and sell on the stock market and achieve their financial goals.
The issue of financial regulation and legal protection remains unresolved for now.
Fiat money, however, remains a regular means of payment for our needs, and that will not change.

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Quote from: Majestic-milf on July 05, 2022, 02:00:43 AM

Paper money is a country's official fiat that is circulated for the transaction of goods and services. It's emergence in the US dates back to 1690 https://www.google.com/url?q=https://www.investopedia.com/ask/answers/09/paper-money-usa.asp&sa=U&ved=2ahUKEwjcldGcieH4AhXaS0EAHX9AC0QQFXoECAQQAg&usg=AOvVaw3OU2oUH8VxEOCtN21yemS6 and was used to represent bills of credit and IOUs.
Paper currency is cheap to produce and also easy to use but can be fragile and subject to loss in value due to inflation and change in public opinion.
July 4th, or the fourth of July, 2022 marks the US 246th independence in 1776, and admist the pop and fun fare, it is noteworthy to include the important role BTC has played in helping citizens to gain monetary independence from their local Fiat.
Thomas Jefferson gave the best illustration of paper money in his quote and I've never agreed better.
"paper is poverty, that it is the ghost
of money, and not the money itself" Thomas Jefferson
By saving in BTC and holding private keys, you become liberated from the flawed financial system of a country. It has proven severally of possessing the ability to bring about freedom. Many argue that it has no use case and no value but in Afghanistan, women have been using it to build financial freedom, and this a place where women are banned from doing so with normal Fiat.
In a recent incidence where the head of State of a country tried locking down accounts of peaceful protesters in a bid to scatter the protest failed due to Bitcoin crowdfunding, his efforts were beaten. In essence, BTC is the ideal hedge against tyranny. https://bitcoinmagazine.com/culture/on-july-4th-use-bitcoin-and-protect-freedom.

Fiate money may have it's obvious limitations including that of overall control by the government but it's role in certain areas where BTC can't penetrate can't be overlooked. Both BTC and Fiat money has their places of significance hitherto freedom

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Quote from: Bamjos on July 05, 2022, 07:42:14 AM

In my opinion, I feel it is well said that "bitcoin is a freedom money" just simply because of its cryptographic nature and the liberty it gives its users compared to that of Fiat currency, but even in the midst of these, Fiat currency is still far adopted in many countries till date and the possibility that Cryptocurrency would be fully adopted by many nations of the world is very slim. So while bitcoin is a freedom money, the ones in power do not want people to have that financial freedom, therefore preventing people from legally having access to the freedom money (Bitcoin).

Even if crypto is widely accepted, fiat will not disappear, fiat has been around for a long time in the world and it is the measure of the value of everything, I don't think it will disappear because of bitcoin or anything something else.

Because governments cannot control bitcoin, they will find a way to prevent their citizens from using it, if citizens use bitcoin then they will lose power. Currently, the government can only control our activities through centralized exchanges.

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Quote from: Bamjos on July 05, 2022, 07:42:14 AM

In my opinion, I feel it is well said that "bitcoin is a freedom money" just simply because of its cryptographic nature and the liberty it gives its users compared to that of Fiat currency, but even in the midst of these, Fiat currency is still far adopted in many countries till date and the possibility that Cryptocurrency would be fully adopted by many nations of the world is very slim. So while bitcoin is a freedom money, the ones in power do not want people to have that financial freedom, therefore preventing people from legally having access to the freedom money (Bitcoin).

Freedom of bitcoin you can only seeing it when fiat is no more. There is freedom with that of bitcoin but if you have bitcoin in your wallet but you leave it there. If you are to change the bitcoin again to fiat you know the freedom is not a total freedom. If the time of adoption of bitcoin in every country for buying all needs, we now see the total freedom.

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Quote from: dataispower on July 07, 2022, 04:05:41 AM

you know that without tokens being created cryptocurrency won't have being valuable and bitcoin won't have be widespread.

I think even on the contrary, those kind of tokens are created to lure new people into fraudulent schemes and in the end they end up pitifully. The service behind it just rides bitcoin's fame and manages as if they still adhere to "financial freedom" principles.

For many times bitcoin has become the scapegoat for the evils of this kind of token scheme. I think it just spreads the image of bitcoin badly.

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Quote from: samcrypto on July 05, 2022, 04:49:15 PM

Bitcoin gives financial access to everyone, and this is a wake up call to those who think Fiat currency is the superior. We are in era that technologies are getting more active and creative, with Bitcoin and cryptocurrency they make things possible. Though fiat money will stay of course, we can’t totally beat them and replace them, but still we have a good choices now between fiat and cryptocurrency, it's just a matter of time before we see Bitcoin as the top option here.

Having known that Bitcoin guarantees financial access to everyone, don't you think that the world will abandon Fiat currency if Bitcoin is generally accepted as a means of payment for goods and services in the whole world? Bitcoin can replace Fiat currency because as the world keeps advancing in technology Bitcoin is the only digital currency that matches the world's technological innovation. When the whole world understands that Bitcoin eases the financial crisis that fiat currency has caused, everyone will have no other reason to use fiat instead of Bitcoin for transactions.

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Quote from: noorman0 on July 07, 2022, 01:25:15 AM

But, what do more bitcoin holders do? For the sake of greater profit, they sometimes sacrifice freedom. Bitcoin slowly became meaningless when tokens began to be created – encapsulated in many networks and then staking them into financial services that were deemed “decentralized”.
The Celsius case should teach anyone a valuable lesson that when (real) bitcoin is not completely on self-controlled, bitcoins are not essentially "freedom" for you.

you know that without tokens being created cryptocurrency won't have being valuable and bitcoin won't have be widespread. i know that Bitcoin is being competitive today because of tokens that is be released to help Bitcoin. I want to say Bitcoin and new token's is decentralized currencies and tokens don't have any effect on the life of Bitcoin. Freedom for cryptocurrency, i have not any freedom in cryptocurrency except it's when you are in the middle of bullish to make profit, except that no freedom for cryptocurrency because traders is busy calculating and be monitoring of the market.

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And not just all about freedom but bitcoin has thought us that we should be responsible with our money. Because it is teaching us that we should our own money and not entrust it to third parties and the bank.

Just like some platform has a known quote of "being your own bank". This is what it has come today, we're our own bank, we hold our private keys and we're responsible for what we're holding.

The early adopters that have managed to hold until now and also those who have sold at all time highs, they're surely enjoying their freedom today.

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Quote from: noorman0 on July 07, 2022, 01:25:15 AM

But, what do more bitcoin holders do? For the sake of greater profit, they sometimes sacrifice freedom. Bitcoin slowly became meaningless when tokens began to be created – encapsulated in many networks and then staking them into financial services that were deemed “decentralized”.
The Celsius case should teach anyone a valuable lesson that when (real) bitcoin is not completely on self-controlled, bitcoins are not essentially "freedom" for you.

None of that is Bitcoin' fault. You are given a choice on how you want to spend your coins. If you select centralized and custodial services, you will have to face the consequences of your actions. If you are tempted with offers of 20% APY/year, then don't come crying when the whole system brakes down. Alternative coins have made their developers millionaires and billionaires. Look at Ethereum and Litecoin and the net worth of their creators. They cashed in and abandoned their own projects. They aren't holders of their own coins. Now compare that to the addresses that are known to belong to satohi that have never been emptied and sold.

noorman0

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But, what do more bitcoin holders do? For the sake of greater profit, they sometimes sacrifice freedom. Bitcoin slowly became meaningless when tokens began to be created – encapsulated in many networks and then staking them into financial services that were deemed “decentralized”.
The Celsius case should teach anyone a valuable lesson that when (real) bitcoin is not completely on self-controlled, bitcoins are not essentially "freedom" for you.

2stout

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It truly is, just ask some of the OG true believers from the early days. Freedom to live life on your terms, which comes with being financially set. Also freedom from overprinting/over minting as it has a hard cap in code, unlike fiat in which this occurs always and devaluates our hard earned 'money', hence the purchasing power of fiat going down every year.

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Not your keys, not your money. This phrase speaks a lot about how even bitcoin could be used and would have effects like fiat. The whole idea has been to remain decentralized and it is decentralized not until you add a 3rd party which in turn takes your place and execute commands on your behalf. Centralized exchanges has been a cross to the freedom one can derive from bitcoin as opposed to government institutes that could hodl fiat, print more or print less to create inflation and others, exchanges could do the same. Lock your coin, close down your account, claim your coins and more then, you come to realise that you've relinquished your freedom to the exchange.

This is some of the parts bitcoin needs to cross in order to be a more perfect currency by having an actual use case where you don't need exchanges to swap for fiat and spend as need be. General accordance needs to step in and we are sure to enjoy it at its most. Good thing the LighteningNetwork has step in to speed up transaction rates. We would get the most of it when the time is right.

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BTC, a coin of today and tomorrow.

Bitcoin is liberty and you are free to call it freedom. The ability to control your money yourself without a third party is unique aspect of it. But even with bitcoin, not many people wants to control their money. Some give it to exchanges by doing kyc and don't have any seed phrase.

I am not a fan of bashing fiat everytime. Before bitcoin, it has been the fiat and fiat didn't suddenly commit any crime to me. The crime of fiat is it depreciates with time. Even the bitcoin price fluctuate also. The bitcoin didn't come to kill the fiat, but it came as an alternative. So it is better to have options than to have one.

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Bitcoin gives financial access to everyone, and this is a wake up call to those who think Fiat currency is the superior. We are in era that technologies are getting more active and creative, with Bitcoin and cryptocurrency they make things possible. Though fiat money will stay of course, we can’t totally beat them and replace them, but still we have a good choices now between fiat and cryptocurrency, its just a matter of time before we see Bitcoin as the top option here.

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Bitcoin is indeed freedom from financial slavery, just like I explained on this post https://bitcointalksearch.org/topic/finally-i-bought-something-with-full-payment-in-bitcoin-5405271, Bitcoin actually saved me from unwanted stress which my bank wanted to put me through, this is not a story I was told but my first hand experience, truly, I've seen the financial freedom in Bitcoin and I've tasted of it.
I am really happy to be part of this revolution, and every one here should too, Bitcoin might be 12 or 13 years old, but everyone here is still in it early enough, fiat is dead, its only a matter of time before those outside crypto begin to come to this realization.

GeorgeJohn

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Quote from: SuperMariob on July 05, 2022, 10:49:00 AM

Quote from: GeorgeJohn on July 05, 2022, 09:55:00 AM

Quote from: Z-tight on July 05, 2022, 02:32:34 AM

Fiat remains more important to most parts of the world than bitcoin, many bitcoiners have their bitcoin sitting in their wallets while they use fiat for their daily transactions, bitcoin is freedom yes, but it is more of a freedom asset now than a freedom money because it is not so much accepted as a medium of exchange in so many places. Majestic-milf i can be certain you will use fiat today, but i can say the same for bitcoin. When bitcoin becomes a popular medium of exchange around the world and people use it as money for daily transactions, then it can in the complete sense be freedom money.

Bitcoin is a freedom currency in terms of management. But for exchanges in terms of comparison with fiat currency, bitcoin is still far from all this stuff indecencies it has gathered firms. Yes of course cryptocurrency has much firms in the world currently but not all the countries Bitcoin is allowed to operate. And not everything Bitcoin can purchase in every nation. It still have alot of ways to go irrespective of it adoption and it recognition in the world,bitcoin still can't be popular as fiat currency.

I think it will never be possible to use fiat to buy itmes across the the world. Bitcoin is more an asset than a currency.
It's like wanting to pay with gold for your groceries. It will never happen.
Other crypto could be used as common currencies. But I think we will see stablecoins doing that. And not assets with high volatility like ETH or BTC.

if we should compare cryptocurrency with fiat currency, there is a lot of things that fiat currency can accomplish for existence of live and bitcoin can not solve it, because it's not yet accepted as a legal tender generally, But it only gives values to having a good quality asset for now. And the cryptocurrency that possesses the values of rightful asset is the cryptocurrency that have potential level. From my perspective not all cryptocurrency that will give you a positive values during the time of investment.

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