Topic: Financial Revolution with Bitcoin and Feasibilities (Read 336 times)

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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) 

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.

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.

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

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?


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.

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.