bitcoin wasn’t created to make you rich. It was created to make you free - page 11.

Kong Hey Pakboy

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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.

iamsheikhadil

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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

Lorence.xD

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Quote from: jrrsparkles on April 01, 2021, 12:56:17 PM

Bitcoin community is more towards its profits instead of decentralization but we also have huge growth in the community, 5 years back no one knows about bitcoin but in 2021 almost 90% of the people heard about bitcoin even though they didn't know what it is. SO we are moving forward. Satoshi's vision is to bring decentralization while making payment and I hope it will become true some day.

It is difficult to fight for something that will have no short term benefits like profits so they don't really care much about the decentralization agenda of bitcoin, but you are right, there has been a growth in that aspect despite people not really focusing on it because I believe that the push for decentralization moves forward together with the increase of people that is adopting bitcoin.

maxreish

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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...

Thats the only problem when you are eager to invest in bitcoin and yet you are in a country that prohibits cryptocurrency. Which country do you belong? If they regulated bitcoin and has only limited use of it, maybe you can still buy and hold it in a cold wallet. Since it can be a store value, keep it in a long term and you will still see your bitcoin as your savings and investment at the same time growing.

jrrsparkles

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

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.

Bitcoin community is more towards its profits instead of decentralization but we also have huge growth in the community, 5 years back no one knows about bitcoin but in 2021 almost 90% of the people heard about bitcoin even though they didn't know what it is. SO we are moving forward. Satoshi's vision is to bring decentralization while making payment and I hope it will become true some day.

goldade

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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 totally agree with you in that bitcoin wasnt created to make us rich but to give us freedom. That is absolutely true and correct. Bitcoin took away power and control over our finances from the banks and gave it to the masses. Now, I can send money across nations with lesser transaction fees and shorter transaction period.
However, if there is a way for bitcoin to make you rich, I believe it would be unwise and unsmart on your part not to take advantage of such opportunity. Trading bitcoin has made quite a lot of people rich and if one can become rich by trading or hodling bitcoin, why then can we not do it?

fiulpro

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Ofcourse but you know it's more like an added benefit when it comes to Bitcoins and how it has helped a lot of people achieve what they could never do in their conservative environment. The Governments keeps on imposing taxes and make new laws but people are the ones who suffer mainly. I do think that it can not only give you an amazing opportunity but can also provide you a wider scope for your business, which can help you in the longer run. It is indeed something that has helped people achieve financial freedom, it has even helped struggling families and it has also widened the power distribution. Plus I do think what's needed right now is the right education of people regarding Bitcoins, how it can be used in a right way so that everyone can get benefited for the same.

hatshepsut93

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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.

Ucy

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It's an alternative to fiat financial system... a unique alternative for that matter.
Unlike digital fiat systems, Bitcoin gives users control/power over their funds, enables users take part in network consensus, free users fom censorship etc. True Currency system is supposed to be run like Bitcoin where the users rather than selected few determines how the system is run. Anyone who understands fiat system would know its setup is more like a dictatorship. A Tyrants would desire such system than Bitcoin unless he/she is able to turn Bitcoin into centralized/opaque zombie.

Evilish

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Agree totally. Myself and I am sure many others got into Bitcoin because the premise of being in control of your finances and being your own bank was our only hope of getting out of the broken financial system of this world.

Being rich while hodling should be seen as a bonus.

uneng

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I see it as a method to protect my money against corrosive fiat inflation which decreases my purchasing power and weak my savings each new year. It's also an extra income booster as it allows me to find earning opportunities on the internet, connecting me directly to anyone in the world making use of bitcoin. Opportunities like this which aren't disponible through fiat and its payments forms.

Fesatmas

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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 pointless to criticize the government without proving your performance. all you have to do is prove that's all you can really show. collect as much bitcoins as possible, because the government has a duty to make you doubt the results you will get, so think about it all you have to plan carefully. do the best you can. to save bitcoin without you giving the government discounted interest.

pinggoki

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In the first place, bitcoin was just made in order to make hidden or private transactions in which the government will not be able to know or trace the transactions that you are doing but due to this function it also comes on some transaction fees as well. The bitcoin also an medium in order for you to become rich because as we can see, bitcoin has a feature of volatility in which it may pump or arise anytime and that's the thing you will be able to become a rich person.

Kakmakr

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What you say are so true.....

The Middle class are quickly being absorbed by Inflation that are being manipulated. The actual Inflation, based on the goods that we actually use.. is much higher than the Inflation calculated by our governments.

So they are hiding the real inflation to keep their voters satisfied ...but they are slowly but surely killing off the Middle class. (We get less interest on our deposits and the price increases are absorbing the salary increases and effectively nullifying them.)

Real Freedom are money or currencies that are beating inflation ..... and since 2017 ...this has happened to Bitcoin. (Inflation Killer) Wink

famososMuertos

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Actually "free" is not a premise that comes from bitcoin at all, it is a powerful adjective in the context and as citizens we always like to listen to it, but in practice it is something else, I would say that it is a good synonym for a part of the all of what using bitcoin really means.

On the other hand, we are living in difficult times, not only now, there are already several generations that have little saving capacity, it is a social problem not only in third world countries, it is global, even in some cases in some developed countries the capacity to save Savings may be lower than someone from the so-called third world, however it is a latent problem. In that sense, bitcoin should not be a solution to poverty, but rather an alternative means that is used as a bridge to bridge that gap.

Leviathan.007

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Bitcoin can have some meanings for people depending on themselves and their usages. For many people bitcoin is an investment asset just like gold they will hold it in long term to get profit out of it for many other bitcoin can be a key to freedom because they can do any transaction and none can track them ever. In my own idea, using bitcoin you can be free and rich both in same. Some other people believe, sooner or later bitcoin will take fiat's place. Generally, this can have several usage depending on yourself.

Taskford

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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?

Why thinking to much on it if you have money to spend then buy bitcoins if you don't have then work with it to gain more and more from it. And don't blame the government if you can't save since its up to you on how you handle your money. Maybe bitcoins and altcoins really our hope but all depends on how we take it since we need to do a lot of hardwork on crypto to achieve our goals here.

NeuroticFish

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Bitcoin is a coin and also an investment tool.
Some will use it as a coin i.e. will work for it or will sell something for it then spend it quite fast in order to buy everyday things.
Some will use it as an investment tool in an attempt to get rich(er).
And some will be somewhere in between.

You can "be free" tying together a couple of logs and floating on the ocean. But that may not help you much without a large stash of food and drink, and some tools too.
In a way or another, no matter how free we want to be, we go back to society and it's rules, absurd or not.

In this case, whether we like it or not, anybody offering goods and services have to pay taxes to the government under the form the government chooses to, which is usually their fiat.
So sooner or later Bitcoin interacts with fiat, whether we sell Bitcoin at exchange, whether we pretend to buy for Bitcoin, but the shop actually receives fiat. The cases the shop receives Bitcoin are seldom and need the shops do certain extra handling in the accounting, I guess.

Kittygalore

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My thoughts is that bitcoin is just a medium to help you become rich or financially stable, in the end you are the one that needs to utilize those tools given to you, what I mean by that is you do have bitcoin but you don't know what to do next so you are just stuck into hodling only which isn't helpful if you want to get financially stable. I do agree that bitcoin can return the power back to the working class but we all know that bitcoin is for everyone so even the ruling class can get in like what they are doing now.

ConnerDalfino

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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?

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