Everyone is free to use Bitcoin as they want - page 5.

Mateo123

newbie

Activity: 182

Merit: 0

Quote from: aileenc on August 08, 2018, 10:00:35 PM

There are no restrictions. It only depends how you handle your bitcoin.

Exactly, your success is in your hands, you have a big responsibility to handle your money, /coins,,, bitcoin is absolutely a freedom,, no governments,,, you have to manage your own central bank,,,

hirokazu

sr. member

Activity: 672

Merit: 251

Quote from: dimastegar on August 12, 2018, 06:31:47 PM

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

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. There is no answer whether Bitcoin is a currency or an asset, because Bitcoin can be both. And every Bitcoin owner is free to determine what Bitcoin they have.

That's why bitcoin can't be controlled by any third party. Every single user can use it as they want, from giving charity even for criminal action. Indeed this is how bitcoin was created from the start, for unlimited freedom and its nature decreases to his altcoin.

Papapat22

member

Activity: 267

Merit: 10

I explicitly concur with that. Besides, I consider bitcoin as a multi-purpose built one and that what makes bitcoin fascinating for me. In fact, we have a right to choose what path we'll be taking towards bitcoin, as long as it won't be done into any illegal transactions.

Nanot

member

Activity: 266

Merit: 10

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.

As for me as what i been thinking about bitcoin yes i must say that it is a currency because i can used bitcoin for buying anything for our daily life also i want it as a electronic money it can also be asset because you can used bitcoin to start up a business but it is more effective in its currency form bacause it can used in many aspects like buying,paying abd anything else.

LeadHenry

newbie

Activity: 14

Merit: 0

Bitcoin is a property, but not a currency. Virtual currencies such as bitcoin are assets but Bitcoin itself does not have the essential characteristics needed to be a currency that can meet the needs of modern economic development.

giantrobot

full member

Activity: 564

Merit: 100

Bitcoin is the revolution of digital money, breaking the boundaries of traditional trading. Bitcoin is decentralized, transaction free through any intermediary, not subject to state taxes.

hdtqisg

sr. member

Activity: 686

Merit: 250

Bitcoin does not use fees as I thought! For transfer, we need fee, at this time, the fee is very good but still not suitable for daily use!

panther427

newbie

Activity: 66

Merit: 0

Actually it depends. In some countries BTC is legal & in some others it's not. As a result in the countries in which it is legal, people can easily use it the way they want. On the other hand, countries in which BTC is not legal are deprived of using it. Though the trem Crypto was invented to reduce the middle man interruption in a transaction & reducing transaction barriers , it's not at that point at this time. So, it's difficult to say that you are free to use Bitcoin as you want.

bocah cilik

newbie

Activity: 56

Merit: 0

yes I think it all depends on the user itself

Bajula

member

Activity: 166

Merit: 16

But you forgot that there are too many people actually damaging bitcoin becuase they just invest in here to make money, they are always speculating with the price

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

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

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. There is no answer whether Bitcoin is a currency or an asset, because Bitcoin can be both. And every Bitcoin owner is free to determine what Bitcoin they have.

Peashooter

sr. member

Activity: 868

Merit: 257

Quote from: TradeParty on August 10, 2018, 04:34:51 AM

Yes it is right and it has some positive and negative side also. General people use it and earn money for their future or support their family but the criminal use it for destructive purpose.

I use my bitcoin in a right way. I use it to support my family for there needs and I support my siblings to finish there studies I want them to achieve there dreams. But some people use there bitcoin in illegal purposes I can't blame it's there decision.

Shiro21

newbie

Activity: 101

Merit: 0

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 think it's not a problem if bitcoin can be used as both. bitcoin will not be as popular now if its users only use it for payment transactions. Bitcoin investment is an attraction that can increase the number of large investors in bitcoin, the price explosion in 2017 proved able to attract the interest of many people to enter the market.

atetess

member

Activity: 305

Merit: 10

Yes, everyone can used btc whenever we wanted. We can used it as investment and used it in online payments. Bitcoin is available anytime, we can buy it anytime.

bajingluncat

jr. member

Activity: 406

Merit: 2

Yes, I think it has become the basic right of every individual who has a BTC, uses it according to their own desires, there is no limit or no one can ban, there are no written rules that are binding on how or for what BTTC is used, I feel legitimate if we want using it as a transaction tool, at least we can reduce the transaction costs by ourselves, or make BTC as an asset that can be used as an investment as our income in the long run, all choices go back to you, remember only you know what is best, use BTTC as wise as possible so you can get the perfect benefit from btc,

godfredmanu

member

Activity: 266

Merit: 10

Bitcoins is an investment and it shoudln't be treated as such. If it was a form investment, satoshi would have made it clear in his whitepaper. Bitcoins is a peer to peer form of payment and if that become priority to users, the FUD will stop and people will use it as a form of payment that it was meant for.

jpnl0008

jr. member

Activity: 364

Merit: 1

the protocol behind the blockchain technology does not have any preferences and what or who it wishes to work with or not. it does not have respect for persons or locations or personality or skin colour or race. it only works as an independent system that only processes commands.

spadormie

sr. member

Activity: 840

Merit: 268

Of course, just like real currency, it is also acting like a real money in this world and you can use it as much as you wanted to. It is YOUR OWN money. And by means of your money, you're the user of it.

wallstone

sr. member

Activity: 532

Merit: 250

Quote from: ratatat bangbang on August 08, 2018, 03:39:25 PM

Yes everyone is free to use bitcoin as they want because there is no restrictions. It just a matter on how you handle or manage your bitcoin in order to get high profit. It can also be use as mode of payment and as investment.

Everyone have right to use your bitcoin. For me I used my bitcoin to buy things that I really need in my daily life and also I spend it some of them to help my family needs. Most of my bitcoin I used to reinvest for my continuing earning of profit for my future.

$9million

jr. member

Activity: 140

Merit: 6

Absolutely yes. Everyone is free to use bitcoin as they want because bitcoin is based on the decision of the investor, whether it is an asset or currency. As a result of this, I suggest everyone is free to use bitcoin as they want because bitcoin is financial freedom.

Topic: Everyone is free to use Bitcoin as they want - page 5. (Read 851 times)