Everyone is free to use Bitcoin as they want - page 7.

amobi

jr. member

Activity: 98

Merit: 1

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 agree with you mate, freedom is the amazing thing about bitcoin, but i feel that this 'freedom' is what most of all these haters of bitcoin including the government hate about it, and also they are scared of the fact that it could some day be preferred to the local currencies that they have full control of

Pursuer

legendary

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Where is my ring of blades...

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.

jake zyrus

full member

Activity: 798

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

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

You are right there is no restrictions how we use our bitcoin but we need to think if it useful or not. For me I used my bitcoin in important and valueble things, I used it to my investment in bitcoin and to help my family needs.

jemarleon

member

Activity: 420

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Silence

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.

We have the same opinion about it, it is a matter of choice for the holder if someone want's to treat it as a gold then let them. All of us has different opinion's and techniques on handling anything, some of us do trading some hold and some want's to use it as a mode of payment.

We can never force anyone to just hold or trade or use it to pay bills, they have their own set of mind on how they will use it for their own.

nambunamba

member

Activity: 378

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Alns on August 09, 2018, 02:57:13 AM

This is true but you can not already say the things like that in India and in the country is he who would decide to put cryptocurrency under regulations and ban. So you are free but it is conditionally.

Yes after all goverment role in cryptocurrency is important, We are not free if they do ban and make it hard to using cryptocurrency for transactions. I believe ETF would be the first step for cryptocurrency to grow, its true ETF make bitcoin seems like a asset then currency but if its help bitcoin to grow and also help development of cryptocurrency then its good. We need more things that can support cryptocurrency from goverment.

ballerin and giroud

member

Activity: 868

Merit: 16

Agreed, I like the concept that is in bitcoin. All the concepts that exist strongly refer to freedom, there is no one who regulates bitcoin should be like this and bitcoin should be like that. The concept of bitcoin continues to flow depending on most users who use it. In the first time I'm sure satoshi will make bitcoin is for the payment system, but now more people use it as an investment place, once again,there is no one party that makes many people use bitcoin as an investment place. So, this is way will make me stay in this place whatever will happen.

Ntaa

copper member

Activity: 301

Merit: 0

Right, it's up to how you want to use bitcoin. I can use bitcoin as a payment tool and also as an investment, depending on my needs. And I think I'm free to use my bitcoin. So, I agree with your opinion.

pokang13

newbie

Activity: 106

Merit: 0

Definitely yes.I agree.Bitcoin is not limited to few people.It is for everyone.So better start investing bitcoin now and you will see what difference it make in your finances.

Shreek

full member

Activity: 476

Merit: 112

IDENA.IO - Proof-Of-Person Blockchain

there are several countries that do not legalize the existence of Bitcoin
but I think the population can still use Bitcoin, but in large amounts
as long as they are careful when they do KYC, I suggest choosing the right choice and not risky in your knowledge of the BTC game by the government

cutecute

full member

Activity: 378

Merit: 100

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.

Yes everyone is free to use bitcoin as they want. There are so many people that working here even they are not in their legal age because there is no verification here.

lequyen

newbie

Activity: 107

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.

Bitcoin is considered one of the most liquid asset classes in the financial market by global Bitcoin exchange systems, trading platforms, and brokers.
Bitcoin users can easily exchange Bitcoin for cash or gold or other electronic money instantly, at low cost. That's why you should invest

lobster88

member

Activity: 504

Merit: 10

Yes that is definitely true that all of the people that is already been part of the crypto currency revolution is all free to use Bitcoin as they want, and I am one of those people that already been using Bitcoin to the different ways I want to. Bitcoin is a great crypto currency that is why I am one of those proud Bitcoin and crypto currency users. I hope that the community of the Bitcoin will keep on its grow.

kerremy

newbie

Activity: 31

Merit: 0

Exactly! I agree with you!
I think people no longer need to debate whether bitcoin is an asset or a currency.
Everyone has the right to determine what they want for their bitcoin because bitcoin is financial freedom.

IndigoRed

jr. member

Activity: 196

Merit: 1

Of course you can do what you want with your bitcoin. Aren’t we doing it now with our money/cash? We either spend it, or invest it in bonds or stocks. Same scenario, right?

Alns

sr. member

Activity: 602

Merit: 250

This is true but you can not already say the things like that in India and in the country is he who would decide to put cryptocurrency under regulations and ban. So you are free but it is conditionally.

hatshepsut93

legendary

Activity: 3038

Merit: 2162

Quote from: pooya87 on August 08, 2018, 10:28:24 PM

in my opinion the "debate" is not about what people want and what is their right. but it is about what majority of them are focusing on these days. and sadly what they are focusing on is the "investment" part of bitcoin and how much money they can make with it and then with ETF they are also focusing on bringing in all that centralization into bitcoin. that can not be always good and also it can not end well if people start forgetting that bitcoin is this decentralized currency that they are responsible for and should contribute like by running a node,... and they seem to be forgetting that.
and i don't think it is a bad thing to remind them about what bitcoin really is and what it was designed to it from time to time so that they are not completely lost because of focusing on SEC decision for example!

It's okay to try to educate people about Bitcoin's roots, but you shouldn't pressure them into being cypherpunk, hating banks, governments, regulations, because I don't think that those things will make Bitcoin centralized. I think the beauty of Bitcoin is that the protocol doesn't care how it's being used, it will work and be decentralized even if governments will try to regulate it. The only requirement is that no one try to change the network rules to something centralized.

Lagunaloire2

newbie

Activity: 29

Merit: 0

"A major determinant of the ‘fundamental’ value of bitcoin is whether it will be widely adopted," says Kets. "Once bitcoins become ‘too valuable’, either substitutes will be created or people will stop using it for transactions and instead will hoard it, rendering it useless as a currency."

pooya87

legendary

Activity: 3472

Merit: 10611

in my opinion the "debate" is not about what people want and what is their right. but it is about what majority of them are focusing on these days. and sadly what they are focusing on is the "investment" part of bitcoin and how much money they can make with it and then with ETF they are also focusing on bringing in all that centralization into bitcoin. that can not be always good and also it can not end well if people start forgetting that bitcoin is this decentralized currency that they are responsible for and should contribute like by running a node,... and they seem to be forgetting that.
and i don't think it is a bad thing to remind them about what bitcoin really is and what it was designed to it from time to time so that they are not completely lost because of focusing on SEC decision for example!

aileenc

newbie

Activity: 97

Merit: 0

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

julielyn

newbie

Activity: 186

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.

Yes, as I all say is free to use bitcoin many sites how to bitcoin and many crypto currencies and data exchanges you can go to so you bitcoin so I can say that anybody is free to bitcoin.

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