Pages:
Author

Topic: Everyone is free to use Bitcoin as they want (Read 851 times)

sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
August 20, 2018, 12:25:54 PM
Its a very good  point that freedom of use bitcoin. No one can go under any specially economic field. Bitcoin give this freedom on one need to go send or receive your bitcoin on middleman.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
It isn't right for everybody, in my country, we are not allowed to pay local bills by bitcoin or cryptocurrency due to new government rules. I hope they will be open for cryptocurrency in near future.
I don't think everyone can feel that. there are some countries that make bitcoin illegal, I'm sure they can't use bitcoin freely. besides, we also cannot use bitcoin as a legitimate payment instrument.
full member
Activity: 546
Merit: 122
The nature of Bitcoin allows it to be used in many ways, we have different profiles in the community, from traders, Bitcoin Maximalists, people who are more interested in the philosophy behind the project, there are those that are in the game to try to win the most money (fiat), those who want to use Bitcoin to pay for everyday things and who see in it a reserve of value.
hero member
Activity: 1540
Merit: 508
There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
It isn't right for everybody, in my country, we are not allowed to pay local bills by bitcoin or cryptocurrency due to new government rules. I hope they will be open for cryptocurrency in near future.
sr. member
Activity: 700
Merit: 251
At the moment mostly bitcoin is considered as an asset to speculate on based on its volatility. The initial aim is kind of faded away now it is considered as the money making tool which I am not against of as GOLD is also traded and it has its own use cases too. we will have to wait for the mass adoption to see bitcoins as a daily driver.
jr. member
Activity: 238
Merit: 1
https://eloncity.io/
Being decentralized in nature is what makes bitcoin free for everyone at everywhere to be able to use bitcoin. Once you understand the way and how to use bitcoin. Just go on and use it
newbie
Activity: 14
Merit: 0
Make bitcoin valuable so that it will not lose its value simple. There is manipulations happenings and also scams so i think it should be stop. And yes they can use bitcoin freely there is no rules to break. Asset or currency it is not important i guess. The more important is what are the factors to of cryptocurrency to be succesful and for me there are a few factors that are necessary for a cryptocurrency to be successful — low latency, universality, enhanced privacy, and a decentralized governance system.
full member
Activity: 336
Merit: 100
No, your statement is wrong. Every business we live in has certain rules. let alone using bitcoin we cannot freely use bitcoin as we want bitcoin there are also rules. the rules that we must obey are not allowed to use bitcoin at will, such as: not having a double account, not being able to steal someone else's wallet, this also includes rules, so run it all according to its rules
sr. member
Activity: 490
Merit: 251
Indeed, everyone can use bitcoin as they want. It is very useful in remittances in our country for fast money transfer internationally. And pay our bills in a convenient way. But doing it for a fraudulent act is a bad way of using it because this can make the integrity of bitcoin. So we should'nt do these crimes for the better feedbacks of the new comers that will use bitcoin in the near future.
legendary
Activity: 1316
Merit: 1145
Yes, you are right. I personally see bitcoin as an asset, not a currency. some very strong factors for my opinion are Bitcoin is fluctuating, has no price stability. other than that Bitcoin is produced through mining, like gold. but maybe your views are different and assume bitcoin is a currency, and it's free. because there are no rules. and in essence, bitcoin can be used for transactions easily and quickly.
member
Activity: 350
Merit: 11
There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.

I myself think that for a while we can call bitcoin an asset because we can use bitcoin as an alternative business which in the sense that it can generate profit or loss, if it is a currency it might still not.
sr. member
Activity: 1428
Merit: 251
There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.

Every person have their own argument about bitcoin. In my opinion, bitcoin can be used as an asset and can used as currency. Its depending on government regulation i think, if regulated by government, i am believe merchant will accepting bitcoin as currency
sr. member
Activity: 1148
Merit: 300
    Bitcoin is freedom that's why everyone is also free to use bitcoin as they want as long as they use it for good and not for illegal activities. Everyone can use it as investment or even a medium of exchange. No body can control your decision to use your bitcoin.
Bitcoin is for all it is for everyone who understand and wanted to earn on the crypto feild. Any kinds or status of people whether it is a bad or a good person everyone is free to use bitcoin for their own purpose of gaining. I believe that the fast growing economy of bitcoin is the result of its interesting and.frofutable features.
member
Activity: 994
Merit: 11
Daxetoken.net
    Bitcoin is freedom that's why everyone is also free to use bitcoin as they want as long as they use it for good and not for illegal activities. Everyone can use it as investment or even a medium of exchange. No body can control your decision to use your bitcoin.
sr. member
Activity: 826
Merit: 256
Nobody owns bitcoin so everybody can buy it for use in transactions, trade or for long term investment. Everyone can call bitcoin an asset, a currency or what suit them but all I know is that the top coin is created for payment in any online transaction. But government may also impose some regulations in their country to prevent or stop some people in using the virtual coins on any illegal activities.
full member
Activity: 457
Merit: 100
yes that's right, in my opinion all people who have bitcoin can spend as they wish. because bitcoin is now very famous for digital money. but it's better that some of our money be left to those in need. because our money is partly owned by those who need it. Smiley
member
Activity: 336
Merit: 10
Yes every one is free to use bitcoin as he /she want, it  is a medium of exchange and nobody will make obstacle in its way as we are trading other thing and matters we are free to do the same things with bitcoin, this act will give boost to the market.
newbie
Activity: 140
Merit: 0
Yes ... I am very happy for this ...
But I regret that my country (Vietnam) has issued a ban on using Bitcoin ....
There is such information but I'm not sure it is true ....
hero member
Activity: 1492
Merit: 763
Life is a taxable event
There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
I agree with you and yet I think that we should voice our opinions on what is going on. An ETF could hurt bitcoin long term. People letting centralized exchanges hold their keys can hurt the ecosystem.

There are no rules except for cryptography when it comes to bitcoin. And anyone who wants to use it for any reason should be able to. That doesn't mean we shouldn't go after bad or stupid people, nor does it mean that what's happening in the bitcoin ecosystem can't be bad for everyone.
member
Activity: 203
Merit: 14
Bitcoin was created so people can send coins directly to others, without any mandatory middleman. I agree with that, but lately i think governments are trying to change that in order to help banks they benefit from.
If Crypto kills the banks government will suffer huge loss. They cannot control crypto the way it was build so the their general idea is to regulate crypto they can benefit from crypto as well and have some kind of control as well.
Pages:
Jump to: