Topic: Financial Censorship, just another reason that bitcoin is important - page 2. (Read 300 times)
October 24, 2019, 07:55:59 PM
Bitcoin effectively removes most of the constraints you get from centralized financial institutions such as banks. The only thing I can think of that could be a limitation to having bitcoin transactions is lack of computer literacy, or lack of available technology. Aside from that, bitcoin is a free platform, free from governing institutions that manipulate and control prices, impose tax and additional fees for transactions. We can also get privacy if we didn't provide KYC, but remains transparent because every transactions are searchable in the blockchain.
October 24, 2019, 07:21:46 PM
Sorry OP, but how does someone getting censored and sued over expressing their views affect/relate to bitcoin that much? Of course with crypto-currencies the governments wouldn't be able to control our money, but you are talking about a lawsuit here.
This will still happen in the crypto scene, there are companies that operate that will definelty threaten lawsuits and do extremely dodgy shit to silence people and protect their money or image.
Bitcoin gives us freedom from the banks and centralized financial insitutions that control us, but it can't do that much.
This will still happen in the crypto scene, there are companies that operate that will definelty threaten lawsuits and do extremely dodgy shit to silence people and protect their money or image.
Bitcoin gives us freedom from the banks and centralized financial insitutions that control us, but it can't do that much.
October 24, 2019, 06:10:14 PM
Yes! Spot on! Bitcoin is a very effective tool to bypass the government censorship in financial matters! That is the main reason why majority of the governments are resisting bitcoin and other cryptos to be adopted in the mainstream economy.
Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!
Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!
Bitcoin was created and designed for this. But there is a gotcha, you can tell them if you want. Not that i advocate that, but it might ease some people for a transitional period.
Some people don't think so much about hiding from the government, but from criminals who might learn they are rich and extort, kidnap, etc. There are many countries where this is a problem, and the corrupt governments often leak this data to the crooks.
I would add to your speech of nationalist and fascist, also socialist; as they are all into full State control of the economy and lives of people. You could also infer that as long as there is a State, there will be meddling, even liberal States.
The smaller the State, the better. How about no State? That is the question.
Mainstream economy is dominated by the Chicago school of economy, this is wrong, and the world will never cease to have bubbles and pops as long as they ignore the Austrian school of economy, you know, THE ONE that advocates deflationary money AND to end fractional reserve banking, among other things...
October 24, 2019, 03:15:52 PM
It's the reason why bitcoin got to the place it is right now, why it reached so many people and privacy enthusiasts, but this is also the reason why development and adoption has almost plateaued and it's hard for it become more popular, since no country wants to fully intergrate it.
We see a lot of this censorship nowadays, possibly more then ever due to the large amount of companies and governments and just having access to another payment method won't change companies trying to silence people in this case, and other cases for example.
We see a lot of this censorship nowadays, possibly more then ever due to the large amount of companies and governments and just having access to another payment method won't change companies trying to silence people in this case, and other cases for example.
October 24, 2019, 01:30:09 PM
That's a fair point. It's an important point about Bitcoin, something people probably cherished in the early days and yet forgotten nowadays. Since Bitcoin got popular, people have been focused on profits, price fluctuations and regulations, whereas the really great things are Bitcoin's independence from the governments and its decentralization. Come to think of it, though, if Bitcoin does not get much adoption, then it would not help people like Snowden to put their money in this thing because they would not be able to purchase stuff with it. To do that, they'd still need government-controlled fiat. So thinking about volatility and regulations makes sense, it's a part of the way of reaching the same goal of Bitcoin becoming an actual independent form of money.
October 24, 2019, 11:45:39 AM
Yes! Spot on! Bitcoin is a very effective tool to bypass the government censorship in financial matters! That is the main reason why majority of the governments are resisting bitcoin and other cryptos to be adopted in the mainstream economy.
Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!
Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!
October 24, 2019, 11:05:08 AM
And according to Snowden's speculation that's their way to warn others like Snowden.
Of course it is. There's no other reason why the gov't would try to stop him from publishing anything. They will try to silence him with all means at their disposal, and those are considerable. It's a frightening situation in my eyes, and I agree with you about the level of corruption these days.This is one of the things that hooked me on bitcoin, the idea that we should have a currency that is not controlled by anyone, especially our increasingly corrupt governments.
Same here, and even if the gov't tried to stop citizens from using bitcoin, they couldn't really do it. I think that's the main reason why they haven't tried it...yet. They might attempt it in the future, but before that happens I hope we get another financial crisis that shows how important bitcoin can be. I know such a thing is coming anyway, so the sooner the better. October 24, 2019, 10:56:21 AM
Perhaps.
To add up, privacy is better because of the way they just take away money from your bank account without any permission.
Let us take the Pursuit of Happyness as an example.
Will Smith have a parking ticket and just cannot pay for it because it is for their food and shelter of his son.
Even with your difficult way of living they could just take it away without even knowing what is the reason behind why you cannot pay.
It ain't fair but you will have to abide or just swallow what they did and get over it.
That should not be the life is specially with those BS banks who didn't even give a damn as long as they are on the government side.
To add up, privacy is better because of the way they just take away money from your bank account without any permission.
Let us take the Pursuit of Happyness as an example.
Will Smith have a parking ticket and just cannot pay for it because it is for their food and shelter of his son.
Even with your difficult way of living they could just take it away without even knowing what is the reason behind why you cannot pay.
It ain't fair but you will have to abide or just swallow what they did and get over it.
That should not be the life is specially with those BS banks who didn't even give a damn as long as they are on the government side.
October 24, 2019, 10:41:35 AM
I started to watch this Edward Snowden interview with Joe Rogan and apparently Snowden is trying to publish a book.
The government hit both him and the publisher with a lawsuit and is trying to take away any money they can get their dirty corrupt little hands on. And according to Snowden's speculation that's their way to warn others like Snowden.
Here's the relevant point on the video.
https://youtu.be/efs3QRr8LWw?t=116
This is one of the things that hooked me on bitcoin, the idea that we should have a currency that is not controlled by anyone, especially our increasingly corrupt governments.
Perhaps if they had less control they'd be less corrupt as well.
Just think of all the people that aren't allowed to use a bank, for one reason or the other, and that if the government decides you should be one of them how valuable the existence of bitcoin will be to you.
It gives us the capability to safely store any amount of wealth we may have and to make a payment to anyone else willing to accept it.
The government hit both him and the publisher with a lawsuit and is trying to take away any money they can get their dirty corrupt little hands on. And according to Snowden's speculation that's their way to warn others like Snowden.
Here's the relevant point on the video.
https://youtu.be/efs3QRr8LWw?t=116
This is one of the things that hooked me on bitcoin, the idea that we should have a currency that is not controlled by anyone, especially our increasingly corrupt governments.
Perhaps if they had less control they'd be less corrupt as well.
Just think of all the people that aren't allowed to use a bank, for one reason or the other, and that if the government decides you should be one of them how valuable the existence of bitcoin will be to you.
It gives us the capability to safely store any amount of wealth we may have and to make a payment to anyone else willing to accept it.
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