Topic: Bitcoin is freedom money - page 2. (Read 247 times)

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.

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 would never hold my assets on a centralized exchange. Not my keys...not my crypto. In this market we have seen several exchanges not allowing people to withdraw "due to sever market conditions".

Though Bitcoin is decentralized and anyone can use Bitcoin without any restriction from the government, but you should know majority of people who own Bitcoin are using centralized exchange to buy Bitcoin and some of them even hold their coins on centralized wallet. Because of this, anyone can know who you're, where you live and your face, if you have use Bitcoin because the government ban Bitcoin on your country, your account will be flagged and you can't withdraw your coins anymore.

Try to learn to hold your coins inside your non custodial wallet and use decentralized exchanges.

This is true. I continue to maintain that Bitcoin indirectly draws it's value from fiat, whether we want to admit it or not. Isn't that why whatever value Bitcoin is, is measured in fiat? Of course, it's. Whether we are exchanging it for goods and services or noting its price, we always have it in fiat equivalent. Even right here in this forum, BTC campaign participants get paid in dollar that's Bitcoin equivalent.

---

OP, I truly don't get what you mean by "freedom money". One would think that Bitcoin is randomly dropped into people's wallets by your assertion. I've been in this crypto industry since 2017 and I haven't experienced any such thing as free money. People get to work for the Bitcoin they earn. No free money anywhere. If there's, you should suspect that something is fishy.

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).

Bitcoin remains an emergency tunnel where fiat restriction stand in the way of citizens. Bitcoin was programmed to give individuals control over their funds and the choice to how the utilize theirs is completely dependent on them just like you don't tell the owner of a car when to drive them same way you don't suggest to a private key holder how to spend their coin. One interesting thing that will accompany Bitcoin if it ever gain global adoption is steady electricity is developing countries because of it power consumption

I consider it preferable to visit the actual site you want to link to, before copying the URL. This way, you have a link without the extra characters which Google use as tracking codes, and your result would look like this; https://www.investopedia.com/ask/answers/09/paper-money-usa.asp.
You can also hyperlink, using the URL tags;

---

Bitcoin offers freedom only when used properly. Many users store their Bitcoins on centralized exchanges which can always freeze or limit you from making withdrawals; hence you are depending on a third party to gain access to your assets.

By combining a non custodian wallet (like electrum) and a P2P decentralized exchange (like bisq), you can fully use Bitcoin freely.
There are other steps you can take like running your own node, using coin mixers etc to achieve higher levels of privacy.

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.

 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.