Pages:
Author

Topic: HODLing Bitcoin isn't merely an "investment" - page 4. (Read 577 times)

legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool
How can HODLing/owning BTC weaken existing political strongholds? Could you explain? You touch on an interesting topic and it would be nice if you develop it better.

More useful can be from the use of bitcoin, which is, in fact, the first cypherpunks and conceived. After all, they conceived it as a digital means of payment, and not a means for investment. Their protest was to switch to an alternative currency from the traditional monetary system. So it turns out that the more people will use BTC, the stronger this revolutionary movement will be and the more the very strongholds of which you speak will be weakened.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
But Point is will it ever happen?[/b]
I know we support this narrative and most people will do in the future but like you, the lust for power will never allow them to do this. Controlling nature cant be suppressed.

"Them" referring to who? The government? They can try to suppress Bitcoin by attacking the on and offramps, but they're going to fail to stop it and instead just slow it down. Also taking note that not 100% of countries will be totally against it.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

I dont think he is still getting an earning after spending without reinvesting something you spend. bitcoin helped them in the times when Covid-19 pandemic but did they start investing again to bitcoin? or did they actually quit HODLing / Owning Bitcoin.

While owning Bitcoin can be a form of political movement due to its decentralized and non - governmental nature, it's important to understand that this can also have negative consequences. Bitcoin's ability to weaken or break down political strongholds can be seen as a threat by government's and financial institutions, which may lead to increased regulation or even outright bans on Bitcoin ownership or use.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
Bitcoin is no longer a non-political issue for governments. Years ago, they did not care about it too much but many years ago, CIA already spent $3000 for Gavin to present about Bitcoin to CIA. It is political.

Last few weeks, Gensler, Chair of SEC. had to make a testimony at the USA. Congress, it's political.

In the USA. 2024 President Election and propaganda before it, Bitcoin will be one of political issues for President candidates and their campaigns to run to the White House.

I don't think so because on political grounds bitcoin is like a string that cant be stretched more, already SEC has stretched it enough. Nobody can afford to support Bitcoin for their political interests because it will be like "Oh bull, hit me". Remember my words if anyone would do that the Bull will hit him hard enough that his generation will remember. Because everyone like the control, and power in their hands, Bitcoin eliminates the central power authorities and divides the rights on equality.

Yea while it can technically be an "investment", calling it an "investment" can undermine it quite a bit. It's a bet on a huge paradigm shift that is about(or at least we think it will) to happen in the financial world.

But Point is will it ever happen?

I know we support this narrative and most people will do in the future but like you, the lust for power will never allow them to do this. Controlling nature cant be suppressed.

mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Yea while it can technically be an "investment", calling it an "investment" can undermine it quite a bit. It's a bet on a huge paradigm shift that is about(or at least we think it will) to happen in the financial world.
hero member
Activity: 1442
Merit: 775
BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.
Bitcoin is no longer a non-political issue for governments. Years ago, they did not care about it too much but many years ago, CIA already spent $3000 for Gavin to present about Bitcoin to CIA. It is political.

Last few weeks, Gensler, Chair of SEC. had to make a testimony at the USA. Congress, it's political.

In the USA. 2024 President Election and propaganda before it, Bitcoin will be one of political issues for President candidates and their campaigns to run to the White House.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave
legendary
Activity: 2898
Merit: 1823
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool
Pages:
Jump to: