Topic: Financial Revolution with Bitcoin and Feasibilities - page 2. (Read 336 times)

I believe what spawned the idea of bitcoin was the recognition that was a problem in the financial sector that needed a solution. Who’s to say what was going on in Satoshi’s mind when he created bitcoin. All we can make reference to is the bitcoin whitepaper and Satoshi’s bitcointalk posts. Satoshi is no longer here, everyone is free to use bitcoin as they deem fit. I don’t know where you heard about this protest, I doubt it will have any effect on the government stance on bitcoin.

The government will not allow Bitcoin revolution, be it peacesful or with protests. They need to control the currency because it allows them to form a budget and function. It's possible to work with Bitcoin, but fiat makes things easier for them. They can't stop single invidividual from owning or using Bitcoin, but they can stop larger entities from doing so. If they won't allow them to use Bitcoin, than Bitcoin will have no future as a currency. A currency is only good if it's universally accepted.

We don’t need a revolution for bitcoin to get acceptance. What we need is an understanding government that can make the use of bitcoin easier for his own people. If we transgress against the government, even if bitcoin is legalized, the citizens will still suffer it because of the stringent rules that’ll be set aside for the use of it. Gradually the acceptance will come even if it’s going to take a lot of time for it to happen.


It’s good you have the same like minds with the bitcoin inventor, Satoshi. Some people still don’t know the aim of bitcoin and make it look like a do or die affair if the government don’t legalize it. Every good thing takes time and bitcoin won’t be an exception. Let the adoption process continues gradually without any revolution, we’ll get there and achieve what we want without any fight with the government soon.

The world will accept bitcoin without a revolution. Since bitcoin's inception till the present, we have witnessed a massive surge in its use and witnessed widespread growth.  It will be better if we continue to share and advocate for adoption rather than engaging in a revolutionary battle with the government to make it legal. I am aware that you can't always take on the government and succeed.

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). Bitcoin has been here for about 15 years+. I am not comparing or saying that Bitcoin is not capable. But for that to happen, sometimes it seems nearly impossible. But anything could happen.

My point is, people are so used to using fiat currency that new things like Bitcoin and other cryptocurrencies are just like a new big trend that will fade away. Those who do not know the true meaning of Bitcoin will say this for sure. We can not convince them or force them. That will be illegal LOL. Nature is full of good and bad things. It creates a balance. Just like yin and yang. There will always be people who are against Bitcoin. Bitcoin is not here to overthrow fiat money. It is here to co-exist with it. So that people who are not comfortable with the traditions fiat money could use Bitcoin for their advantage. Thats' all there to it.

I feel like we have been saying this for years, how bitcoin will revolutionize the world and how bitcoin will be more commonly used and yet I feel that nothing much has changed. What do you think should be the purpose of bitcoin? Should it revolutionized as an asset or a currency? Bitcoin can never be used without a third party service or high transaction fees for our day-to-day transactions. As an asset/investment seems more feasible but why create chaos if you are just getting bitcoin for personal and private reasons? Doing so will only attract unwanted attention and the government may impose additional laws against this idea.

Touching a bit on the massive thing others have mentioned!

16,546,150 adresses with a balance of over $100.
I highly doubt that people who crave pennies on Binance or those who won 10 worth of BTC are that eager to come to this revolution, especially since most of them hold more altcoins than Bitcoin or don't hold Bitcoin at all, on top of that there are hundreds of those addresses owned by the same individual, so we could split this in two but let's keep it at 10 million.
Out of those 10 million, you also need to have them interested in the revolution, because a ton of them might not be that keen on such things since they are here only for money.
So you went up with something on a scale of at most 1:1000 of the world population.
You're going to start a revolution with 0.1%?
What about the millions that don't like Bitcoin at all?

The second thing, there is one huge difference between tweeting and doing stuff in real life!
If it were by this forum SBF would have been assassinated 100 times, in reality, it got two booo while entering the court once.

Third!
There were supposed to be millions of users in India, yet when the last legislation passed and everyone got hit with a 30% tax on profits, how many did you see protest?


Yeah! They will arm themselves with 100 NFTs and start throwing those at the army!

Some people don't care where or when, but the main thing is to create chaos. Bitcoin Revolution? In which country should it start? Will it be a world revolution? Someone probably misunderstands the moment that Bitcoin does not need noise, everyone who believes in it is slowly joining, and someone wants to abandon fiat. Does Bitcoin prevent this? Therefore, the creation of revolutions or other riots is in the hands of those who want to somehow promote themselves, and they primarily pursue their own goals, which are very far from the goal of creating Bitcoin itself.

Well, I have never heard of any country or group of people or persons planing a protest of any kind, for bitcoin adoption, even here in my country where bitcoin and cryptocurrency transactions are banned, hundreds of thousands of people, if not millions, still go about buying and selling bitcoin and other cryptocurrencies of interest, like there is no ban..
Launching a protest or revolution as you put it, against the government for bitcoin adoption to me is absolutely not necessary, and I agree with what you have said @op, bitcoin was never created to wipe out fiat, rather, to act as an alternative for those who something different, there is no need attacking the government for bitcoin adoption, as that could mean we attacking ourselves, for aside the government, there are still millions if not billions of individuals in the world who are still against bitcoin, maybe due to lack of understanding, or cultural or religious believe.

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.

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

Some governments consider bitcoin to be a competitor to the local currency because this weakens the government's role in control, as the right to print the currency and dispose of it being clear of the need or financially acceptable is in the hands of the central bank, but in bitcoin you need the consensus of the network, which makes it decentralized compared to local currencies.

However, what is happening is not black and white, but countries may allow bitcoin to be considered a currency for international trade and to promote economic activities between countries if its value rises above the market value of gold.

Revolution is about defying tradition, exceeding our limitations, and advancing humanity, not only parading and protesting the government. It reflects our changing goals. Bitcoin is revolutionary, but not in the way you think. Satoshi did not design Bitcoin to replace fiat. But he saw a world where decentralized networks empowered the public and upended the financial system. Bitcoin was a silent revolution against centralized authorities, whether you believe it or not. Should we march with pro-Bitcoin signs? Maybe not. But utilizing, supporting, and understanding Bitcoin's transformative power IS a revolution. Governments will have to accept decentralized money's strength when the legacy banking system collapses.

Pass me the phone number of your dealer, do me a favor. The shit that he sells you must be very good.

More seriously now. I don't know if you do this to get merit or if they are just so delusional.


If you're high on good shit, anything is possible.

I don't know about you OP but I believe that bitcoin is an ongoing revolution because there's still people out there that's not reached by the greatness of decentralization and financial freedom from the current financial institutions and in my book, a revolution is only completed when all the people are finally free and that the current financial institutions doesn't have the stranglehold on the population's financial sovereignty. Or I could be wrong about my own definition and that the creation of bitcoin itself is the revolution and bitcoin is the flag we carry in the frontlines.

"some people" and "massive protests" doesn't mix together. Even if some people actually plan to perform demonstration, i expect it'll be just small scale demonstration with tens or less participant.


I don't remember or know everything Satoshi said in past, but people is free to fight for Bitcoin adaption/usage if they wish to.

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.

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.


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.

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.

I have never heard of this before. Which country wants to lead a protest for their government not to allow fiat again as a legal tender but to accept ane be using bitcoin?

People know how bitcoin is very volatile and they will not want to go for it. Although bitcoin is a store if hold in a long term but people are not looking to that direction.

Bitcoin is allowed in many countries and people can buy bitcoin if they want. Like you have said already, it is just an alternative.

https://twitter.com/romoolo/status/1689971172622970880?t=E6xT1YTZeBckCC7kk2UTdg&s=19


Financial Revolution with Bitcoin and Feasibilities

•     What is Revolution?

This is an act whereby the people massively go against the rule of government policies through agitation, parading all over the nation for a change over the economy and financial way of administration whereby the people kicked against and fight for a change, you can further research more on revolution from this https://www.dictionary.com/browse/revolution

•     Do we need Revolution for Bitcoin?

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?

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.

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.