Financial Revolution with Bitcoin and Feasibilities

Doan9269

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Quote from: Cryptomultiplier on August 20, 2023, 11:57:16 AM

No need for any revolution OP.

I hope you're not getting me wrong, am not saying that i support revolution neither am i saying it's coming in place or some people are in plan over it tgat i know, from the topic, it says, financial revolution with bitcoin and feasibilities, we are only engaging in it discussion comparing how possible, what meane, and the way forward to go over it, there have been also several opinions on what revolution means from political and economical perspectives respectively.

Quote from: Cryptomultiplier on August 20, 2023, 11:57:16 AM

What BTC stands for is as clear for everyone to see, just as fiat currency stands to serve the need of a means of exchange for goods or services in a region.

Now i think you're getting it right, business success is already a revolution itself to the current financial and centralized economy controlled by governments.

ancafe

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Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

I've heard about some people saying that very soon they are going to lead a massive protests against fiat for bitcoin adoption, this is aimed to fight against the government for bitcoin financial adoption and some are retereiting this same fact that they want to go on revolution, but why need for that?

To what extent are we capable of going against the government and what consequences will we get if it aims to protest against fiat. Many countries still view fiat as a haven for legal transactions and regulations are still strong enough to sustain it. Revolution is not needed if it is only a matter of replacing fiat with bitcoin because we can move independently if we want to achieve financial freedom.

Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

We should know that Bitcoin is not a contender of any currency or the government because engaging financial revolution was not the aim or reason why Satoshi created a decentralized network, bitcoin is meant to serve as an alternative means of making payments by the people who think using fiat is not fare enough for their privacy and trust, bitcoin is not waging war against the government or pursuing after revolution.

This emphasis is important in my opinion that bitcoin is not a fiat competitor, even though in general many governments are concerned that fiat will continue to be replaced by bitcoin which has achieved widespread adoption. The fact is that almost everyone involved in investing in bitcoin does not make fiat a competitor but instead tries to protect the value of the money they have and bitcoin is the place and means used by many people today. Bitcoin is still a non-competitive alternative and we should take care of this instead of trying to talk about competition with fiat.

Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

We don't need to fight for bitcoin, it's self defensive because it provides the people with the satisfaction they needed in finances, time will make significance on preference made by the people over their financial economy, the more we move the better the chances for government to join in support for bitcoin adoption and not by revolution.

If the time comes then one will see how bitcoin's growth in no way threatens the stability of fiat. If the concept is an alternative why do we need to worry that fiat dominance will be left behind and even I still need fiat when selling or buying bitcoin at this time.

SquirrelJulietGarden

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Quote from: sokani on August 21, 2023, 12:45:18 PM

When it comes to revolution as history has shown us, bloodshed and deaths are inevitable but Bitcoin did it without shading a drop of blood. The revolution has already started and it is a bloodless one, Bitcoin has taken power from the hands of the government and given it back to the masses. No need for intermediaries like banks that can freeze or deny you access to your money, people can now control their money the way they want. So we do not need to stage a protest, fight the government or force the people on the other side of the fence to come board.

Bitcoin has yet died and it is going to survive, become stronger, not die with time. It's my belief.

People got profit or loss by their decisions to enter and exit but it is their responsibility. It is worse result if they traded with Spot, more terrible if they traded with Leverages and Futures but again, it's their responsibility by failing to control their greed and did so many emotional decisions.

Looking at Bitcoin chart, we can easily see very strong growth with time. There is a chart calls Profitable days that shows the growth trend and profitable days of Bitcoin holders.

The Yearly candles clearly shows us a sharp uptrend of Bitcoin with years.

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Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

I've heard about some people saying that very soon they are going to lead a massive protests against fiat for bitcoin adoption, this is aimed to fight against the government for bitcoin financial adoption and some are retereiting this same fact that they want to go on revolution, but why need for that?

When it comes to revolution as history has shown us, bloodshed and deaths are inevitable but Bitcoin did it without shading a drop of blood. The revolution has already started and it is a bloodless one, Bitcoin has taken power from the hands of the government and given it back to the masses. No need for intermediaries like banks that can freeze or deny you access to your money, people can now control their money the way they want. So we do not need to stage a protest, fight the government or force the people on the other side of the fence to come board.

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Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

I've heard about some people saying that very soon they are going to lead a massive protests against fiat for bitcoin adoption, this is aimed to fight against the government for bitcoin financial adoption and some are retereiting this same fact that they want to go on revolution, but why need for that?

Some people want to have a massive protest or demonstration for the adoption of Bitcoin in their country..!!!
Sorry I'm a bit pessimistic about their demonstrations, but it's very difficult to intervene with the government with some people taking to the streets to protest against fiat. Fiat is the identity of a country, when people hear the Ruble their mind goes to Russia, so does Naira, of course what comes to their mind is Nigeria.

The government has power and strength, it is very difficult to intervene in the government especially since this action is against the law in that country. Governments can only make policies by regulating regulations regarding Bitcoin in their country, if fiat is removed and replaced with Bitcoin, I think it will be very difficult to realize.

justdimin

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Quote from: Doan9269 on August 21, 2023, 05:41:11 AM

i think the reality to picture out here is that bitcoin itself being in existence is a revolutionary threats to the government itself and needs no longer any form of political action to revolutionize the system in avoiding them to use force against every bitcoin holders or users, a time is coming whereby the use of bitcoin would have revolutionized the entire economy and governments themselves will have i further option than to either support what the people want or watch it going unaffected.

Apparently we are going to end up with "everyone" having a voice, no matter how silly and stupid it was. I am sure that when democracy was first founded, which was years ago of course but I am talking about the version we have now, the people who made it probably thought about it like "people will elect the one who makes the most sense" and not something like "even the weirdest weirdos will have a voice in election" which is the thing we have right now.

So I am sure that financial revolution is not that impossible, considering how tough we have it already right now, and it will probably be like that for a while longer. It's clear that we are not going to end up with a different result, it should be normal eventually.

Doan9269

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Quote from: Fiatless on August 19, 2023, 09:19:08 AM

Quote from: Doan9269 on August 19, 2023, 04:57:02 AM

Quote from: _act_ on August 19, 2023, 04:34:11 AM

Although bitcoin is a store if hold in a long term but people are not looking to that direction.

Change is what the people want and if you look at the whole picture of how bitcoin was introduced from the start, the people were the main target in giving them financial alternative the government couldn't.

I saw this reference online and have been hearing some people's conversations lately for likely possibilities whereby a time will come bitcoin will need a revolution, I don't support such neither do i think there's a need for such to ever happen, but bringing it here also to hear other's view and contributions towards it.

My question is how do this people intend to carryout this revolution? It is through force or constitutional means. Do they intend to take up arms and overthrow the government and install a more Bitcoin-friendly government? Or they want to use democratic means like peaceful protest, legislative lobbying, and other constitutional means. Going through democratic means to promote Bitcoin awareness and adoption should be the path of every true Bitcoiner. But using other means that will involve violence or conflict to force the government to change its negative view toward Bitcoin is not necessary now. If the people know the importance of bitcoin, they will embrace it and when the government knows that Bitcoin can contribute positively to the economy of the nation, they will willingly adopt it.

If you consider the kind of government rule we are into the century, it's all about democracy and everyone has their right on public opinion in which birth to the choice we make in deciding for the yse of bitcoin even when fiat is only recognized by the government, if people should wage war against the government on this by physical means through the kind of political revolution, the government will fight back against the people with soldiers and there will be casualties, bitcoin is already making its revolution by itself as people continue with it adoption or use as a financial economy digital currency, protest or any form of violent should be avoided.

Quote from: kryptqnick on August 20, 2023, 10:31:39 AM

Op, I agree with you that Bitcoin isn't waging a revolution against anyone, but is merely something that provides a financial alternative to traditional means of payment. People who use Bitcoin come from all sorts of backgrounds and with various attitudes. Some are pro-government, some are anarchist, some are Bitcoin maximalists, some just view it as a promising asset. Bitcoin can be many things and can be used for the purposes of revolutions, but it doesn't make a person committed to revolution.
That being said, something can be revolutionary in a sense of scientific revolutions, life-changing inventions. And Bitcoin can be called revolutionary in that sense, without requiring an actual revolution.

Thank you for this information and contribution, i think the reality to picture out here is that bitcoin itself being in existence is a revolutionary threats to the government itself and needs no longer any form of political action to revolutionize the system in avoiding them to use force against every bitcoin holders or users, a time is coming whereby the use of bitcoin would have revolutionized the entire economy and governments themselves will have i further option than to either support what the people want or watch it going unaffected.

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Quote from: flyingcarpet on August 20, 2023, 02:35:00 PM

Quote from: fuguebtc on August 19, 2023, 05:23:46 AM

Quote from: Doan9269 on August 19, 2023, 04:57:02 AM

Quote from: _act_ on August 19, 2023, 04:34:11 AM

People know how bitcoin is very volatile and they will not want to go for it.

Isn't the volatility part of the reason they should rather go for bitcoin because it renders opportunities for investors to come in, also come to think of it this way how we have bitcoin global adoption this far with it market cap where it is today, people know that bitcoin is volatile and want it like that because in so doing lies their own opportunity for making profits if invested, you can also see from how everyone had target on bullrun coming soon next year, yet bitcoin adoption keep increasing globally.

Not everyone enjoys volatility and not everyone enjoys investing as we do. Many of my friends aren't even interested in any investment, be it real estate or stocks, let alone bitcoin, a volatile asset. One more thing, not everyone considers bitcoin as an investment, there are still many people who prefer to use bitcoin as a means of payment and the volatility of bitcoin is a barrier for them. They feel uncomfortable with its volatility. Bitcoin adoption is on the rise but don't expect that everyone will like it and will invest in it.

Volatility allows many to enter the Bitcoin market. Of course, this is an obstacle to the use of Bitcoin as a means of payment. But I think this volatility is necessary for the number of Bitcoin investors to increase and the price to rise. Over time, volatility decreases, but after what price, volatility decreases, I don't know.

Of course, since we are investors, we want to make big profits from bitcoin, so we want bitcoin volatility to be as large as possible. But that will only turn bitcoin into an asset, a commodity, not a currency like what Satoshi created it. He created a decentralized, peer-to-peer currency, not an asset for us to use for speculation. But no matter what we say, no one can change that bitcoin is now an investment asset. Whatever it is, the important thing is that it is bringing great benefit to many people, and it is also a huge success.

panganib999

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bitcoin's been at the forefront of financial revolutions since it blew up last 2016. I don't think this is something new. For the most part when people talk about revolution here all we ever have in mind is "oh yeah another bull run coolsies".

If what you're talking about is the massive adoption that we've been looking forward to for years now, I don't think it's going to come as willy-nilly as you are trying to portray here. Perhaps a commencement of the process thereof, but never something as drastic as you're making it out to be. Don't get me wrong, not trying to rain on your parade here cause I want bitcoin to succeed just as much as the next guy, just that sometimes we need to ground ourselves to reality.

flyingcarpet

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Quote from: fuguebtc on August 19, 2023, 05:23:46 AM

Quote from: Doan9269 on August 19, 2023, 04:57:02 AM

Quote from: _act_ on August 19, 2023, 04:34:11 AM

People know how bitcoin is very volatile and they will not want to go for it.

Isn't the volatility part of the reason they should rather go for bitcoin because it renders opportunities for investors to come in, also come to think of it this way how we have bitcoin global adoption this far with it market cap where it is today, people know that bitcoin is volatile and want it like that because in so doing lies their own opportunity for making profits if invested, you can also see from how everyone had target on bullrun coming soon next year, yet bitcoin adoption keep increasing globally.

Not everyone enjoys volatility and not everyone enjoys investing as we do. Many of my friends aren't even interested in any investment, be it real estate or stocks, let alone bitcoin, a volatile asset. One more thing, not everyone considers bitcoin as an investment, there are still many people who prefer to use bitcoin as a means of payment and the volatility of bitcoin is a barrier for them. They feel uncomfortable with its volatility. Bitcoin adoption is on the rise but don't expect that everyone will like it and will invest in it.

Volatility allows many to enter the Bitcoin market. Of course, this is an obstacle to the use of Bitcoin as a means of payment. But I think this volatility is necessary for the number of Bitcoin investors to increase and the price to rise. Over time, volatility decreases, but after what price, volatility decreases, I don't know.

Ojima-ojo

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Quote from: hugeblack on August 19, 2023, 07:31:27 AM

Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

• What is Revolution?

I think you misunderstood the revolution word, or at least this political definition of revolution and not the economic definition.

Ops' definition of revolution is along political lines and not the economic perspective of revolution, Bitcoin is far from becoming an economic revolutionary tool, bitcoin is perfect as an alternative to the fiat s financial system.

Not everyone around the world know about Bitcoin and only a few percentage of those that know and use Bitcoin have high regards for privacy and for that wont be push bitcoin as a mainstream currency to the level of going against the government that is not possible not now or anytime in the future.

Cryptomultiplier

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No need for any revolution OP. What BTC stands for is as clear for everyone to see, just as fiat currency stands to serve the need of a means of exchange for goods or services in a region.
BTC innovation has done well to give governments concerns as to why the fiat is failing, hence the introduction of CBDC to counter the BTC digital money initiative. It still didn't work as supposed, now it is by regulating the use of BTC/crypto that is the new deal, before it is accepted, all in a bid to slow down the massive adoption of cryptocurrency by citizens who find the use of it helpful for trade or purchase of goods or pay for services across border.

A good idea, would never sell itself short.

worle1bm

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Will governments do any favor if you do such kind of protests like putting forward demands of discouraging use of fiat for Bitcoin? The country monetary system can't be changed although if they find suitable they can make regulations with it but such things like protest are out of mind.When we speak about financial revolution it means people will come to know about it and more usage will be there not in same terms of going to roads and putting your demands.

kryptqnick

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Op, I agree with you that Bitcoin isn't waging a revolution against anyone, but is merely something that provides a financial alternative to traditional means of payment. People who use Bitcoin come from all sorts of backgrounds and with various attitudes. Some are pro-government, some are anarchist, some are Bitcoin maximalists, some just view it as a promising asset. Bitcoin can be many things and can be used for the purposes of revolutions, but it doesn't make a person committed to revolution.
That being said, something can be revolutionary in a sense of scientific revolutions, life-changing inventions. And Bitcoin can be called revolutionary in that sense, without requiring an actual revolution.

Sim_card

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We don't need to fight for financial revolution for bitcoin. Bitcoin is fighting for itself already that is why you see that some government are kicking against it and having problems with big exchanges. Bitcoin has ever been a problem to the government because of the financial freedom it is giving to its users and the decentralized nature which makes the government unable to know the exact amount of bitcoin each bitcoiner owns. Bitcoin can also be used across boarders without a third party. Bitcoin has also shown the government that it is inflation resistance and most people are still adopting it. All these are enough for bitcoin to show the government that it is a revolution currency to fiat.

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Governments protect their control over Fiat currencies with guns. They know Bitcoin are a threat to their control over people's finances and the world's economy, so they will use force to protect it.

You can go to the streets and protest all you want, but the politicians will use the law enforcement agencies and the military to stop it. They will use their powers to change regulations to ban crypto currencies and then they will use the same kind of technology that are centralized to give them even more control. (Then you will not even have the pseudo anonymity of cash) Roll Eyes

vv181

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Revolution goes in a quick sudden way, but the notion you describe is rather not conceived thoroughly and fastly. Besides, a massive protest certainly won't be done by merely some people that you assumed. Also, you are only hearing hearsay, which surely makes the initial assumption questionable.

People do fight for Bitcoin in one way or another, you can not merely expect that Bitcoin will stand the test of time and that people will automatically just join the movement and participate within the ecosystem or incorporate it into their daily life.

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Quote from: Blitzboy on August 20, 2023, 06:04:48 AM

Quote from: ?? on ??

Quote from: Plaguedeath on August 19, 2023, 04:44:27 AM

Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

bitcoin is meant to serve as an alternative means of making payments by the people who think using fiat is not fare enough for their privacy and trust

People who have this kind thought need to introspection themselves, how frequently you use Bitcoin to pay or buy something? yes you can't use Bitcoin in your country yet since your government haven't legalized Bitcoin as a currency. But you have no excuse when we're talk about online marketplace or paying a subscription because it don't have Bitcoin to be accepted as currency in your country.

Most of the people who went to a rally are getting paid. I do not know about other countries but in my country that is the case. I even saw the same person in every rally may it be pro-government or anti-government protest.
Rally manager instigates these kinds of an event because there is money to make with it. Through sponsors that pay for their involvement in the protest.

I also think that there is no need for Bitcoin to protest against the government currency because Bitcoin is doing good even without these environment disturbances.

If what you claim about people in your country being paid to attend protests is accurate, its a sad indication of how your nation's social and political fabric has crumbled. No matter what they may stand for, why do you keep running into the same individual at rallies? What a fictitious nightmare! But the real shocker is this: how gullible would you have to be to believe that every political event or cause is designed to generate revenue?

Without any minor street protests, Bitcoin can do well compared to monetary systems controlled by governments. Without having to yell slogans in the streets, it is altering how people view money. That, my friend, is where the true protest lies as it silently and gradually eliminates conventional money systems

Just like you, no matter how good you are, there will always be people who like you and hate you. Similarly, even a developed country and a great power, there are always people who oppose because they are jealous, jealous of the success of others. It is normal for a country to have only a small percentage of protesters or protesters, and that is not enough to say that the country is bad. America is a country where terrorism and riots are frequent, do you consider them a broken country?

I really like bitcoin because it gives me a lot of benefits not just a return on investment in it, but honestly, I don't believe it is slowly phasing out traditional monetary systems. How? when the government is still the head of this world.

Blitzboy

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Quote from: ?? on ??

Quote from: Plaguedeath on August 19, 2023, 04:44:27 AM

Quote from: Doan9269 on August 19, 2023, 04:25:51 AM

bitcoin is meant to serve as an alternative means of making payments by the people who think using fiat is not fare enough for their privacy and trust

People who have this kind thought need to introspection themselves, how frequently you use Bitcoin to pay or buy something? yes you can't use Bitcoin in your country yet since your government haven't legalized Bitcoin as a currency. But you have no excuse when we're talk about online marketplace or paying a subscription because it don't have Bitcoin to be accepted as currency in your country.

Most of the people who went to a rally are getting paid. I do not know about other countries but in my country that is the case. I even saw the same person in every rally may it be pro-government or anti-government protest.
Rally manager instigates these kinds of an event because there is money to make with it. Through sponsors that pay for their involvement in the protest.

I also think that there is no need for Bitcoin to protest against the government currency because Bitcoin is doing good even without these environment disturbances.

If what you claim about people in your country being paid to attend protests is accurate, its a sad indication of how your nation's social and political fabric has crumbled. No matter what they may stand for, why do you keep running into the same individual at rallies? What a fictitious nightmare! But the real shocker is this: how gullible would you have to be to believe that every political event or cause is designed to generate revenue?

Without any minor street protests, Bitcoin can do well compared to monetary systems controlled by governments. Without having to yell slogans in the streets, it is altering how people view money. That, my friend, is where the true protest lies as it silently and gradually eliminates conventional money systems

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Quote from: tjtonmoy on August 19, 2023, 03:47:36 PM

You can not overthrow something which has been in existence for centuries. Fiat money is a payment method that has been in existence for who knows how long. (since the 12th century AD).

You are mistaken paper currencies with fiat money, and even those weren't around Europe till the late 17th in meaningful numbers, and real fiat money with no actual backing was never a thing till the late 19th.
Furthermore, and this is quite funny, just look at the previous replacement, fiat money replaced gold-backed money despite it being around for millennia in a matter of decades, why couldn't the same happen again just as easily? Especially since this is a completely different area where things move a hudnred times faster when it comes to adoption and spreading?

Quote from: ?? on ??

Most of the people who went to a rally are getting paid. I do not know about other countries but in my country that is the case.

It's the same here!
You see a massive rally for some coin on social media it's mainly a paid thing, you see an announcement made hundreds of thousands of retweets it's because it's about giving away free money. Do you see tweets about technical aspects, people warning about scams, or anything else getting the same traction? No, because there is no money involved! One tweet offering free $5 in some shitcoin will get you more followers than a Bitcoin developer got in his life.

Topic: Financial Revolution with Bitcoin and Feasibilities (Read 291 times)