Everyone is free to use Bitcoin as they want - page 3.

strongwarrior238

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Quote from: hatshepsut93 on August 08, 2018, 11:56:19 AM

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.

You can see that the market is fluctuating continuously and is in the downtrend stage, the bitcoin and altcoin prices are constantly decreasing, transactions are increasingly difficult, so I think the transaction fee will be pushed up. This means that you can earn more profit for the owners of the exchanges, compensating for losses from the market.

Naughty Princess

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Quote from: Myown55 on August 15, 2018, 03:43:30 PM

whether you choose to invest in bitcoin project or HODL depends on you. You can weigh the two sides and choose whatever will favour you. Bircoin is good.

Bitcoin is free for everyone to learn about it and start earning on their own strategy. No one can control you doing things but you have to be careful. You have to understand the market. Bitcoin is good to have whether you used it as payment or an investment to get good profit as the price goes down which is good to buy more volume of bitcoin.

jpnl0006

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Bitcoin is money as we all know and money answers all things and we all need money for one or two reasons so whether it has a wrong or bad intentions or not its money everyone is free to use bitcoin as they want thanks

Hammer45head

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Quote from: hatshepsut93 on August 08, 2018, 11:56:19 AM

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 just don't understand what's the use of having a debate regarding the economic nature of Bitcoin? I believe, the best thing about Btc is your freedom, so you are free to use Bitcoin as you want. That's the point Wink

Myown55

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whether you choose to invest in bitcoin project or HODL depends on you. You can weigh the two sides and choose whatever will favour you. Bircoin is good.

ShowOff

legendary

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Quote from: Vladislav2306 on August 14, 2018, 11:58:07 PM

I definitely agree with saying that freedom is the ultimate point of Bitcoin. But today Bitcoin is more asset, then a currency, because of high transaction fee and volatility. Lightning technology can change this situation.

people have different perception about bitcoin, that is what means freedom. but as a currency i agree with you. high transaction fee and volatily can solved too. but i think people already not really concerned with that

hatshepsut93

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Quote from: Pursuer on August 14, 2018, 11:51:21 PM

sorry I missed your comment.
I don't say "prohibited" but more like guided or educated. and it is not just selling but also buying.

for example I always tell everyone not to sell AFTER the price has dropped down. if they wanted to sell then they should have sold when the drop was starting and price was still high. but after it has dropped for example 10%, or specially the iconic 30% drops of last year, it is already too late but many of them don't listen. what they do is that they sell at the bottom after a huge loss and increase the volatility then since price recovers right after they sold they FOMO buy back at a higher price increasing the volatility even more.

this market is still young and filled with whales with experience and lots of lambs who are losing money.
not that this has nothing to do with bitcoin and its core principles, it is about the market and price and not giving your money to the manipulators.

Sure, educating is a good thing, but you can't change everyone's mind. These newbie investors are very emotional, inexperienced and lack technical knowledge, they are constantly scared that Bitcoin will go to zero. It's just a natural part of free, unregulated, volatile and immature market. I think in the end Bitcoin will become very strong when people will see how it survived many crashes, being declared dead hundreds of time and being criticized by people like Bill Gates and Warren Buffet. It's like a vaccine, at some point in the future FUD will become useless and volatility will decrease.

Emilyp

member

Activity: 546

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A well written article. People should understand that Bitcoin means different thing to different people depending on they use and the best part is that people can decide for themselves what they want to use it for.

silentgenius

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Bitcoin is free to all use because bitcoin is a on-going activity that rise up and users gain and being there job to invest or trade.Free for all who want to earn.

Ricky.Libertarian

newbie

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Yes, everyone is free to use Bitcoin as they want, and it is linked to its decentralized nature.

That is a big advantage as an asset, especially in a crisis era.

coinbates

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And that's what crypto is about: the freedom to choose.

Zaibraid

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Yeah it is true what you say if no one can prevent us from using bitcoin for anything. Everyone is free to use bitcoin for whatever they want. That is the advantage of a decentralized system because all the controls and monitor are in our own hands as owners of bitcoin. So that for whatever reason there is actually no official party that can ban someone from transacting with bitcoin, either for positive transactions or negative transactions. That is a bit of my idea.

Vladislav2306

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I definitely agree with saying that freedom is the ultimate point of Bitcoin. But today Bitcoin is more asset, then a currency, because of high transaction fee and volatility. Lightning technology can change this situation.

Pursuer

legendary

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Where is my ring of blades...

Quote from: hatshepsut93 on August 10, 2018, 10:54:05 AM

Quote from: Pursuer on August 10, 2018, 01:13:27 AM

obviously! but they are not free to disturb everything else because they are using bitcoin as they want. for example the weak hands that have been feeding the whales and panic selling and FOMO buying bitcoin at every turn and increasing the volatility have been disturbing the market. they have been also preventing adoption of bitcoin as a currency because of the huge volatility that they cause. and a lot of other problems.

This sounds exactly like the words of interventionists who say that they want to protect the market from speculators, irrational behavior, risks and so on. Are you suggesting that Bitcoin owners should be prohibited from selling their coins under certain circumstances? That would be not only immoral from ethical point of view and against Bitcoin's core principles, but also harmful to the ecosystem, because such blatant interventions always make things worse instead of fixing them.

sorry I missed your comment.
I don't say "prohibited" but more like guided or educated. and it is not just selling but also buying.

for example I always tell everyone not to sell AFTER the price has dropped down. if they wanted to sell then they should have sold when the drop was starting and price was still high. but after it has dropped for example 10%, or specially the iconic 30% drops of last year, it is already too late but many of them don't listen. what they do is that they sell at the bottom after a huge loss and increase the volatility then since price recovers right after they sold they FOMO buy back at a higher price increasing the volatility even more.

this market is still young and filled with whales with experience and lots of lambs who are losing money.
not that this has nothing to do with bitcoin and its core principles, it is about the market and price and not giving your money to the manipulators.

seanskie18

full member

Activity: 391

Merit: 100

SOL.BIOKRIPT.COM

Of course, everyone can free to use bitcoin as they want but not in illegal way, always remember we must use bitcoin in legal ways so that we can get benefits from it. We shouldn't imitate people who are doing bad things just to cheat other people. Make good things anytime and anywhere.

BigTeeths

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Yes but as long as it's for legal purposes. Bitcoin should be used to purchase good and services that we need in our lives and I hope that it won't be abused to pay a hitman because I feel that it's industry would be in demand because of cryptocurrencies. The message should be that everyone is free to use bitcoin for legal activities.

DPrillio

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Quote from: Lodipetmalu on August 14, 2018, 07:08:05 PM

Absolutely yes, everyone can use bitcoin. No one was prohibited to use it. As long as they want to use it, they can do it. They can sell it, they can use to buy it, anytime they can dispose it.

Yes, because bitcoin is an asset and at the same time like a currency because it has a digital value equivalent for USD, but as of today we cannot easily direct use bitcoin to buy good on any establishment because still limited numbers of establishment adapting on it, but we can use by converting first into fiat for our local money but you should observed the market situation that its not good to sell bitcoin on this dip.

Sylvei

newbie

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Yeah, bitcoin is free for everyone. And people are free to create an account easily and they can also easily transfer coins or doing other transactions here. It is a new way of the impact technology improvement. Some say that it is a assets, investment and so on. What ever they define bitcoin, the most important is bitcoin can be a source of income.

ntodntodan69

newbie

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I agree ! everyone is free to use bitcoin as they want, because there are no rules that require bitcoin to be used for certain things.
Bitcoin can be used as a tool for buying and selling goods, hotels, airplane ticket payments and others while there are facilities that can use bitcoin.

Lodipetmalu

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Absolutely yes, everyone can use bitcoin. No one was prohibited to use it. As long as they want to use it, they can do it. They can sell it, they can use to buy it, anytime they can dispose it.

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