bitcoin wasn’t created to make you rich. It was created to make you free - page 10.

Silberman

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

Bitcoin without a doubt is one of the greatest hopes we can so we can achieve this but when it comes to altcoins I do not really think this is going to be the case, hoarding some gold is not a bad idea either but gold is difficult to move, now when it comes to small amounts this is not the case but when it comes to significant amounts that is when gold becomes a real problem, bitcoin on the other hand does not have this problem and you can even move it with you without bringing anything as you can just remember your seed words and move your coins with you.

LUCKMCFLY

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

I think the same, in some countries the economy is highly inflationary, especially if the local currency is increasingly devalued, and instead of local currency, foreign currency is handled. When talking about bitcoin and cryptocurrencies in highly inflationary economies, it is more valuable than gold itself, it is the perfect way out of any crisis, and in fact one of the countries with the most financial crisis is Venezuela, and despite this scenario according to localbitcoins.com they have one of the best trading volumes for Bitcoin.

It is clear that what is needed in the populations is to believe in technology and in the deflationary economy that it represents, but it is a bit far because many prefer remittances in FIAT to use Bitcoin, but in short, Bitcoin and cryptocurrencies are one of the best options .

In the traditional economy it is very hard to achieve financial freedom, you have to work at least 30 years saving without spending and that is impossible, but if it is accessible to everyone who is rich or not, it is more feasible to reach a good level of particular Economy.

Rruchi man

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Bitcoin has made some rich (early holders), Bitcoin has to some as well taking away their financial freedom In terms of people (hodlers) who have disciplined themselves from enjoying/scrapping off profits from the btc they hold.In whatever way the creation of bitcoin has helped, it is something we are all happy about.

verita1

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That's how it is! I was in the same situation, thanks to bitcoin and cryptocurrencies I have managed to manage the consequences of living in a country with an inflationary economy. In addition to the crisis afflicting the covid19 pandemic. Honestly, it is not easy but with faith in God and trying to solve the day to day well I think that my life is easier thanks to bitcoin and the revolution that it has caused.

Wawa2013

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Depending on our own use of Bitcoin, there are those who use Bitcoin as an asset like Gold. This can make us rich by collecting Bitcoin and HODL
in the long run. Because the price of Bitcoin will continue to rise with a limited supply and increasing demand. Then there are those who use Bitcoin
like the fiat thing, by buying the items we want, but the problem is that the number of merchants who accept Bitcoin payments is still small.
Moreover, there are still several countries that prohibit using Bitcoin as payment, this makes using Bitcoin as a payment still not working optimally.
Bitcoin can also provide freedom in terms of regulating our own finances, in contrast to fiat which is indeed regulated by the government.
So in conclusion Bitcoin provides freedom and wealth, depending on how we use it.

Oceat

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Quote from: Poker Player on April 01, 2021, 11:18:20 PM

Well, in the world we live in, money gives you freedom. So being rich and being free are related. A rich person is freer than the same person when he was poor, because he has more options. Although being rich does not always mean being free because you can be put in jail but I think you get the idea.

Well, I know what it means and I know it's illegal but rich or poor they were both doing the same thing and the only advantage of being rich is, they can get everything what they want but it has a price. If you have a lot of money you buy more Bitcoin to invest but investment requires knowledge and if you don't know a single thing about of what you have invested then it's useless.

Better use those money to buy stuffs that you think would help you achieve what you are wishing for and Bitcoin is the answer since it could be use as a means of payment or an investment.

AndySt

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Quote from: Fortify on April 02, 2021, 12:53:17 PM

There is a lot of correlation between being rich and being free. Bitcoin has made a lot of people rich, but at current high prices it has become a target for institutional investors. Bitcoin made a lot of average people very rich, if they were clever enough to find and hold on to it from the low levels years ago. Bitcoin is much easier to transport across borders and much less vulnerable to government interference through money printing. One of the biggest advantages is the fact that only 21 million will ever exist - unlike US dollars that can be printed in the trillions whenever the US government wants a popularity boost that also devalues the overseas debt that they owe. Unfortunately the low amount of 21 million, even with all the decimal places, will never be enough for all the tiny transactions that are performed day to day. Ironically as it becomes more concentrated into fewer hands it will become easier to track in future and lose some of it's anonymity allure.

Everything is relative about freedom and when you become a very rich person, then on the one hand you have more opportunities than an ordinary person, but on the other hand you already have less freedom in the other, as it does not sound paradoxical, and you will no longer be able to lead a habitual way of life, at least because of the issues of excessive attention to your person and security issues to protect against criminal elements and unscrupulous competitors who want to appropriate part of your wealth or your ruin. Bitcoin really wasn't created to create rich people, but Bitcoin is just a tool and everyone is free to use this tool as they see fit.

slapper

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Bitcoin can be treated as both a currency or an investing instrument. It is up to the users. However, the majority of investors are treating bitcoin as a safe/hedge haven with a hope to become rich in the future, that is the force driving the market crazy in the recent day

And as you say, bitcoin is created to make us free. So why do we have to restrict our ways of using bitcoin? Different people, different purposes. The fact that people who try to become rich with bitcoin tend to abandon bitcoin after 1,2 years. As the result, the market may face a tremendous pullback which may take many years to slightly recover. Nonetheless, it is good to see people taking their attention to bitcoin, NFT, or whatever cryptocurrency they want. This movement is reshaping the digital world while forming the new infrastructure for the next development.

After all, benefits, advantages and advancement are what bitcoin has brought to our lovely world

Fortify

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There is a lot of correlation between being rich and being free. Bitcoin has made a lot of people rich, but at current high prices it has become a target for institutional investors. Bitcoin made a lot of average people very rich, if they were clever enough to find and hold on to it from the low levels years ago. Bitcoin is much easier to transport across borders and much less vulnerable to government interference through money printing. One of the biggest advantages is the fact that only 21 million will ever exist - unlike US dollars that can be printed in the trillions whenever the US government wants a popularity boost that also devalues the overseas debt that they owe. Unfortunately the low amount of 21 million, even with all the decimal places, will never be enough for all the tiny transactions that are performed day to day. Ironically as it becomes more concentrated into fewer hands it will become easier to track in future and lose some of it's anonymity allure.

conected

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Quote from: TastyChillySauce00 on April 02, 2021, 04:31:20 AM

Why not both? bitcoin could make you rich if you're holding for long while at the same time giving you freedom to send money across the world without any limit.
Although many people are considering it as an investment but doesn't necessarily means bitcoin has lost its benefit of giving you freedom and to be honest if not for its ease of use and freedom it offers, I doubt cryptocurrency especially bitcoin could make it this far, you got best of both worlds, can't really complain about it.

- I think the wealthy from Bitcoin also need the flexibility and rational calculation situations, it's not just holding and wealth will come, if this were so simple, this world would have produced a lot of rich people from holding bitcoin but unfortunately, this rate is still only lying in a little above average, the majority will suffer losses in trading or selling bitcoins too soon. And it also doesn't make us too free, maybe we are free to send money flexibly but in return, the time we spend in bitcoin is a lot, this means that we are holding ourselves back, losing our freedom

Oasisman

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

your thoughts?

Free from traditional banking system?
Free from inflation?
Or financial freedom?
Bitcoin was actually created differently than making you rich, but becoming rich with Bitcoin will be the priority for the majority of the people who have invested today. That's the reality. Bitcoin has become more of an investment tool rather than a currency to pay for service and goods.
So, the narrative is now changed "Bitcoin is here trying to make your rich. "

ethereumhunter

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

Even if you can not save more money because of your government, you can still use bitcoin and altcoin to convert your money to save it for your future. At this time, you have two choices to save your money in the other forms. One, you can convert your money to gold which is popular for normal people. And two, you can convert your money into bitcoin and altcoin, which can be your next investment. It is about how you can save some of your income and convert it into crypto to help you make money in the future.

iamsheikhadil

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Quote from: Kong Hey Pakboy on April 01, 2021, 10:53:31 PM

Quote from: iamsheikhadil on April 01, 2021, 10:47:59 PM

This is so true, many of my friends to whom I have talked about Bitcoin, they only see it as either a fraud, or a great investment with good returns, virtually none of the new comers see it as the way it is and the main vision for which it was created, to give control of funds 100% to the hands of users and not allowing government's or any third party to interfere with its control. Nonetheless, as Bitcoin grows, the vision will also be completed, as people will sooner or later understand its true vision Wink

Time flies and with that perspective changes, people are slowly leaning towards investing in bitcoin. This is a good thing that people are flocking towards bitcoin because they want the freedom to control their money combined with the pandemic that crippled the finances of many people.

I don't believe so, most people who are getting into Bitcoin are those who actually want to make a profit out of it. I'm not saying all but most, because the unexpected surge in prices of certain crypto currencies gives off a huge FOMO vibe which is hard to resist. But yeah, it doesn't matter really, because as long as there are holders and demands, the vision will be fulfilled sooner or later

TastyChillySauce00

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Why not both? bitcoin could make you rich if you're holding for long while at the same time giving you freedom to send money across the world without any limit.
Although many people are considering it as an investment but doesn't necessarily means bitcoin has lost its benefit of giving you freedom and to be honest if not for its ease of use and freedom it offers, I doubt cryptocurrency especially bitcoin could make it this far, you got best of both worlds, can't really complain about it.

Ucy

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Quote from: hatshepsut93 on April 01, 2021, 11:14:23 AM

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

There's a huge difference between Bitcoin and altcoins. Bitcoin is a safe and secure network with proven track record, altcoins are mostly scams and wild experiments that lead to nothing. Any altcoin that claims to have some important use for society must actually prove it on practice, otherwise it's just words.

How does Bitcoin give power to middle-class people? Its adoption is still very low, it's not replacing fiat currency. Exchanges are tightly controlled, so there's no cryptoanarchy going on.

It's was created to be worldwide decentralized peer-to-peer network.
Honest Network participants are supposed to run full nodes and take part in full consensus without restrictions. That's power to the community/network. Participants can be anyone, by the way.
I think it's good to have all/most participants run full nodes and I believe satoshi wants that too.
I also believe he anticipated it would become difficult for most participants to do this things if new technologies to make it possible aren't invented. Do you think it's not possible to achieve that today?

fullhdpixel

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

Maybe true for Bitcoins but altcoins might not be the solution practically speaking because most of the altcoins have a life span during which they will reach a highest point but once new coins arrive in the market with better utility, they just vanish slowly. Like DOT is being called as the Ethereum killer, I don't care if it lives to the name given but it tells us that new coins will replace the old coins, except for Bitcoins.

Whether you are rich or middle class or even poor, I don't think Bitcoin does too much for any section of society because the middle-class and poor just cannot afford bitcoins at the current price. Inflation maybe is one problem that can be fixed through bitcoins though but that you can also fix via buying USDT or any stable coin because the currency of your country will drop in respect to USD if I understand it correctly, and you just need fixed value in USD to overcome the inflation.

coin-investor

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Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

It's both for me, and that's the reality, you can be free and at the same time make money out of Bitcoin because it's a store of value, but with the many institutions and whales coming things is becoming different now because institutions and whales are now controlling the supply and the price, Cryptocurrency is still our hope this technology is still young and there is still much room for progress.

Kong Hey Pakboy

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Quote from: cabron on April 01, 2021, 11:25:25 PM

Quote from: Kong Hey Pakboy on April 01, 2021, 10:53:31 PM

Time flies and with that perspective changes, people are slowly leaning towards investing in bitcoin. This is a good thing that people are flocking towards bitcoin because they want the freedom to control their money combined with the pandemic that crippled the finances of many people.

Well it makes people handle their wealth in a manner that keeps the freedom and the purpose change for each one of us. People find its freedom when they have their money that isn't controlled by the government and no one can take it from them but most of all the price keeps growing which makes a holder richer.

I think it is far deeper than just being free from the control of the government because in my opinion it is still superficial, I might be seeing things that you don't see and I might be wrong and that freedom was the final truth but who knows. Not to mention that not just handling their wealth better but it can also help them accumulate more.

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Quote from: Kong Hey Pakboy on April 01, 2021, 10:53:31 PM

Quote from: iamsheikhadil on April 01, 2021, 10:47:59 PM

This is so true, many of my friends to whom I have talked about Bitcoin, they only see it as either a fraud, or a great investment with good returns, virtually none of the new comers see it as the way it is and the main vision for which it was created, to give control of funds 100% to the hands of users and not allowing government's or any third party to interfere with its control. Nonetheless, as Bitcoin grows, the vision will also be completed, as people will sooner or later understand its true vision Wink

Time flies and with that perspective changes, people are slowly leaning towards investing in bitcoin. This is a good thing that people are flocking towards bitcoin because they want the freedom to control their money combined with the pandemic that crippled the finances of many people.

Well it makes people handle their wealth in a manner that keeps the freedom and the purpose change for each one of us. People find its freedom when they have their money that isn't controlled by the government and no one can take it from them but most of all the price keeps growing which makes a holder richer.

Time flies and adoption gradually increased that even the widely known PayPal is turning itself into a crypto exchange platform.

Poker Player

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Well, in the world we live in, money gives you freedom. So being rich and being free are related. A rich person is freer than the same person when he was poor, because he has more options. Although being rich does not always mean being free because you can be put in jail but I think you get the idea.

Topic: bitcoin wasn’t created to make you rich. It was created to make you free - page 10. (Read 1784 times)