Topic: Bitcoin: People Empowerment (Read 420 times)

Yes some people actually made huge amount of money from bitcoin. Unlike the common bitcoin saying “if you have bought 100USD bitcoin in 2007, you would have become a millionaire today”, It is very important to note that bitcoin created a very few millionaires and too many “missed millionaires and billionaires”.

I think the biggest role that bitcoin is playing at the moment is also the one needed the most. Who on earth does not and to make money and that too easy money. I mean you can become millionaire by simply investing into some asset and holding for a short period of time and to top it off, you enjoy easy transactions, full control and anonymity. Bitcoin is that asset and we all love its profit producing nature the most.

The biggest barriers to bitcoin adoption on a global scale in my opinion are:
1. all countries in the world already have national money they are afraid that when bitcoin comes in the stability of national money will be threatened.
2. decentralized bitcoin cannot be controlled, the government does not like this. because the government always controls the central bank.
3. I think the public is also not ready to use bitcoin. they are used to using fiat money to carry out daily transactions.
4. Negative issues about bitcoin that are used for illegal transactions also affect the public so they are afraid to invest or use bitcoin.

Bitcoin's volatility is not a problem or a disadvantage for people to be scared of risking their money as a way of adopting it and earning profits, in fact it is the other way around, the complication of majority have is they lack of courage and knowledge simultaneously, nonetheless, bitcoin is a proof that we have the chance to attain wealth on the spot. People won't believe cryptocurrency propaganda no matter how wonderful it is if the majority is against it.

The only thing that is been planted on their mind is banks, if it comes on "safe" storage of money, they have banks, if they want "profits", they have banks, banks fever will never be cured if they don't want to be cured.

Bitcoin cancel the middle man in a transaction so basically, the fee will be lowered and almost close to none.When you are using banks you have no choice but to pay their fee! and the government will see every single dime that you will spent! So I think bitcoin is for the people, because whenever you are using bitcoin you will be invisible in government and you can manage your money freely. Bitcoin is for the people who don't want to be in government spreadsheet.

I think it will stay the same as long as it is a decentralized crypto currency. Mature? A lot of people are mature here and we all know that we are all being practical. Using bitcoin to what it can give efficiency to us while also earning profits while the price increases. People will not change, they might mature but people will still abuse the profitability of crypto currencies especially bitcoin.

Bitcoin controls people as people control Bitcoin. Funny but that appears to be true to a certain extent. It is actually both, Bitcoin must be appreciated the way it is and the way it should be, but most are still stuck to appreciating Bitcoin as a source of money. But this will eventually change as they mature in the Bitcoin world. They might sooner see the real message of the project. Bitcoin is multi-faceted after all.

This is the decentralization system when you are not responsible to others of your financial matter and not accountable to any institution then you must avail freedom which is missing in our daily life, We are centralized and controlled by our government and central bank, so they implement their policy following their will and wish. we are not the main concern to them, that's why we are not bound to provide any detail of our economic statement or anything like this, that's the real power we could gain by this cryptocurrency, in this way, in the future people will enjoy the power what actually they possess, That's why the government is not interested in providing any legal support to this platform.

Bitcoin controls people, I agree that many people tried bitcoin just gain a lot of money. They joined communities make them as their source of profit so that they will become richer. That's not the main purpose of the bitcoin. They don't consider the goals of cryptocurrency such as easy transaction and payments. They just focus on making money. They don't care about the goals, they just about their success.

Thats obviously a huge and important factor and a reason we see Bitcoin being so popular nowadays, before it was even considered a popular payment method or a profitable investment, it was considered as something that gave power back to the people.

The biggest issue now is just adoption and some of the legal stuff that needs to be done for they to happen, so we'll be able to see the people use bitcoin in more real life functions.

We cannot blame other people who reacted negative way, it is because of the people who took for granted those who have zero knowledge in crypto, those who scammed people, they promised a lot of things, return of investment in just expand of few weeks and will have weekly interest income, so people were attracted by this promises, and then ended as scam. Cryptocurrency was used in a big scam scheme, so people cannot trust much as well as the government.

It is all good and well but have you thought about it well enough? Do people actually want to be free? Or are they happy with the veil that the government put on them? Most people I know are perfectly happy with having their balls in the hand of government. The only way the modern democracy is different from early kingdoms of kings and queens is that now people have 1 in a million chance of actually becoming the king of an empire, where before it was absolutely 0.

The one thing that remains constant from back then to now is how the ordinary folk continue to be be treated like slaves in their so called free democratic country while being an economic slave all the time. The wages, the salary the mortgage the loans the prices of daily consumables are all designed to keep ordinary folk ordinary. Give them a reason to go out and work every day while the rich fat men continue to bask in the shades of their multimillion dollar homes unaware of the hardships of day to day lives.

Come to Germany, you will see so many rich aristrocrats with old money here that it will make your head spin. Why do you think this place is the the breeding ground of racism and antisemitism? It is because of money. People with old money they think they are better than ordinary common daily working people.

But then again you are left asking the same question to yourself, do people really want freedom? If every citizen deserved a quality life then why don't they give same amount of money to everyone for free? Like through that universal income? they will only talk about it and never do it because doing so would reduce the class disparity and the businesses would collapse.

Sorry for ranting too much. I get emotional.

There are still a lot of factors that hinders Bitcoin adoption. Legality, in some countries we might find it legal but there still countries that are skeptics about this type of innovation and prohibiting its circulation. Lack of knowledge, when you talk about Bitcoin to people around you they can only recall the crimes involving it but to make it positive I’m trying to educate them as much as I can.

If you withdraw your Bitcoin and not keep it on an exchange, it's fully your coin and there is nothing the bank/exchange/government can do to take it away from you.

If you don't want to link your bank account to an exchange, then there is enough going on locally in most countries where you can buy your Bitcoin with physical cash. By doing so you fully own your coin, and you haven't given your bank/exchange/government any info as to what you did. This is the true definition of peer to peer transactions. Definitely the better option.

The importance of being the sole owner of your private keys can't be stressed enough. If you don't own your keys, you don't have any coins and thus no freedom.

You can't get out from bank's and government's control with only just bitcoin because things have changed, this coin is now well attached on bank services, we measure it's price in USD so how? There are a lot of exchanges which are connected to banks, there are also some banks which directly offer crypto services. In overall bitcoin isn't as separate thing as USD, so for this reason it can't get us out of government's hands. But of course this coin can be part of this because of it's power, another great alternative is Monero and I have no idea why people don't talk about it because for anonimity, monero is better than bitcoin and in overall it's great cryptocurrency which meets a lot of crypto demand and truly represents it's nature.

obviously the government also has an important role so that every user gets official protection from each government itself. but it certainly cannot limit everything, so that the global adoption of the growth of bitcoin can be felt by all levels of society. and of course the government can also free its people to be able to fully control the economic system that can be felt by bitcoin holders themselves

It is not going to be easy but the moment we take control over the banks in our financial world is the moment we may get to see honest politicians and the moment politicians become honest is the moment all problems of the world would go away. You still think that the problems of the world are unsolvable?

Give me one example of a problem in the world that can't be figured out by politicians who know what they are doing, who are good at their jobs and who is not a little bit shady. Those people will get together and solve any problems at all and we would be living in a candy land. Of course in order to fix those politicians first we need to get rid of the old bad ones and in order to do that we need to stop the evil corporations to make them what they want and bitcoin can help with that.

Unfortunately world wide adoption of using bitcoin would just lead to improper use of it. Although it carries no objective nor rules. As being said, bitcoin is decentralized, government wouldn't buy a thing they cannot even control, regulation isn't enough to standardized not even the individual who use it because in the end it'll just lead to massive chaous.

Biggest obstacle is that bitcoin would affect country's economy flow by just an instant. Bitcoin needed to be pretty more stable, and intact to as like country's currency, which in fact cannot. With that no one wants to be left behind not even a single step at least, that's why government couldn't agree more but to either banned or limit on what Bitcoin could, and people could do.

What power are you pertaining that we need to get back? A power that could stop the banks and governments to control over our assets and economy? We already have the power. In a democratic country, we already have a power and freedom to ourselves but that freedom is still limited. Yes, central banks and the government have more privilege and power than the normal citizens, but we gave them that power to rule and manage us for the better.  Thus, I don't think that governments will let us have fully control over the economy no matter how much we try. because they will make way for them to still control everything.

People who are using bitcoin. Other already sees volatility as a negative factor of bitcoin and in addition, there are people who are using bitcoin for something unethical and wrong doings which adds more doubt and fear to them in trusting bitcoin.

still a lot,buddy.
bitcoin now still under development, its too fast to make statement like that.
because to make the strength of an economic system, it takes a long time, large-scale adoption.
until now,BTC still doesn't have it, and about it, i dont think it will be solved just 3-10 years.
and about revolutionary, i dont think we need that thing for now.
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i know exactly what u talking about, but like i say on many many post before, something new, needed much time to get recognition..