Topic: Is Bitcoin for the people or for the corporations? - page 13. (Read 3099 times)
The overall aim of creating bitcoin was not for poverty alleviation alone. Bitcoin have some many functions, Bitcoin can salvage financial challenges of an individaul, a country and a corporative by enabling smooth, fast and transparent financial transactions.
From an ideological standpoint, it's for the people. Most "corporations" are just juggernaut middlemen. That's how they earn their bread. Walmart, Amazon, Costco.
People buy from these places because they trust they're getting the lowest price. Once blockchain is mainstream for any and all transactions, you will be able to see the margins because the supply chain will be transparent.
The security thanks to things like escrow systems would make it so that you can skip the middleman and go right to the producer, taking complete monopolistic power away from any one entity and giving more opportunity to the individual.
The future economy will have no "owners" per se, in the form of governments or corporations.
People buy from these places because they trust they're getting the lowest price. Once blockchain is mainstream for any and all transactions, you will be able to see the margins because the supply chain will be transparent.
The security thanks to things like escrow systems would make it so that you can skip the middleman and go right to the producer, taking complete monopolistic power away from any one entity and giving more opportunity to the individual.
The future economy will have no "owners" per se, in the form of governments or corporations.
Bitcoin is a free market, so why should one worry if the big corpo comes in and be a part of the ecosystem? AFAIK, these big corporations are part of the hype and excitement the masses have in joining bitcoin, so I'd take it that they are also contributing to the cause in their own way. While them owning a huge portion of the coins isn't ideal, every so often these coins are then returned to the market cyclically, so why worry at all? They make things happen as well with their promoted services, causing more interest in bitcoin in the long run.
Well now it is more for the big people. If you did not ge tin early enough or not stocked up enough BTC, you won't get rich from it anymore. I think though if everyone tried to own one Bitcoin over the next two years, then there is hope that maybe a few years down the line you could partially retire form it, but I do not see it happening any time soon. Those that have made money from it were the early adopters and miners and those making money from it now are the bitfinex shorters who just day trade it and those with futures contracts. It is no longer now viable for the little Guys anymore.
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
It is not easy to realize this sort of thing globally yet. We will see in the future but not yet.
It does not matter to me that organizations have gone too far. But in my opinion, we should still follow the organization is the safest, because once something happens the person who will be here will be but that person is not us, right?
Also, the fact there are no capital controls with bitcoin make it more "financially free" than many nations.
https://en.wikipedia.org/wiki/Capital_control
It is also an offset for inflation that fiat currencies are subject to.
https://en.wikipedia.org/wiki/Inflation
https://en.wikipedia.org/wiki/Capital_control
Quote
Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account.
It is also an offset for inflation that fiat currencies are subject to.
https://en.wikipedia.org/wiki/Inflation
Quote
The negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future. Positive effects include reducing unemployment due to nominal wage rigidity
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
There seem to be a lot of people who are confused with the concept of financial freedom. This is what financial freedom/independence means:
Financial independence is a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment.
Bitcoin obviously doesn't provide that unless it can go on an eternal bull run.
The term you're looking for is financial inclusion:
Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered in a responsible and sustainable way. Financial inclusion is defined as the availability and equality of opportunities to access financial services.
Either way, Bitcoin is just money. People have gone on to associate itself with freedom, etc., but the truth is that whoever holds it is irrelevant. It functions the same way all the same.
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
Bitcoin is a currency. It was created to be like that and for currency it means that businesses, corporations, people, companies, and so on can use it in any ways. Bitcoin can be own by all whether it is people or corporations. If it is use for corporation then it only proves that bitcoin is now becoming more successful nowadays.
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
It is not easy to realize this sort of thing globally yet. We will see in the future but not yet.
Bitcoin's original whitepaper presents Bitcoin as a 'peer-to-peer payment network' this signifies connecting individuals from all over the world together through the blockchain technology.
The blockchain is neutral and does not recognize individuals or cooperatios. Of course a large transaction made by a cooperation could greatly tip the price either way (a large transaction made by an individual would do exactly the same)
It is a neutral and open system
I would say, Bitcoin was made for everyone willing to take control of their assets.
The blockchain is neutral and does not recognize individuals or cooperatios. Of course a large transaction made by a cooperation could greatly tip the price either way (a large transaction made by an individual would do exactly the same)
It is a neutral and open system
I would say, Bitcoin was made for everyone willing to take control of their assets.
Bitcoin is here to be able to grow and people can manage themselves without interference from other parties, besides that the owner of the bitcoin is anonymous. We cannot know how many holders have assets because there is no clear list. If the company wants to have bitcoin, then this will be a little troublesome, because it can only be held by one account.
In my opinion, we don't need to worry about that, because bitcoin was created for everyone and everyone is free to use it, including companies that use this bitcoin. Everyone and company know that bitcoin is very good if used or adopted because it has a bright future and of course it will be good for you and me as someone who understands the existence of bitcoin.
I think we shouldn't be worried. Bitcoin is for everyone.
Are you serious op? This is a dumb question. It is obvious to everyone in the cryptocurrency world that Satoshi Nakomoto developed Bitcoin for the masses so that they can conduct financial transactions online without any sort of interference by the authorities.
Anyone with basic knowledge about Bitcoin understands this much. The primary reason why anyone decide to invest into this market in the first place is to earn profits without any outside interference in an anonymous manner.
This is how I got enticed by Bitcoin and decided to invest into this market and earned substantial profits without any sort of outside hassles.
Anyone with basic knowledge about Bitcoin understands this much. The primary reason why anyone decide to invest into this market in the first place is to earn profits without any outside interference in an anonymous manner.
This is how I got enticed by Bitcoin and decided to invest into this market and earned substantial profits without any sort of outside hassles.
It help to people growth. People get more ideas and information from bitcoin. It reach the all country people and easy to use any where if users know that. So before use the bitcoin. Lean the information and price list. It time to change the price. So time to acct. If want to know more information check the market place price. Then invest.
We will have to start worrying when you no longer can use Bitcoin, without using some kind of centralized service. Most people have stopped making direct P2P payments, because they rely too much on the convenience of centralized services.
The large corporations are profit driven and could care less about financial freedom, so you cannot expect them to protect your financial freedom. We are in control of our own destiny and the correct decisions will define our level of financial freedom in the future.
The large corporations are profit driven and could care less about financial freedom, so you cannot expect them to protect your financial freedom. We are in control of our own destiny and the correct decisions will define our level of financial freedom in the future.
Bitcoin is freedom to use by everyone or for companies because it that's can make the price of Bitcoin rise with many users of this digital currency. Bitcoin can be saved to be a valuable asset in the future for all people or companies. as long as Bitcoin can still be accessed via the internet, people can use it for economic needs or to help state finances for those who adopt it.
I believed Bitcoin mainly is for the people however as times goes by I can see that slowly there's an increasing number of businesses who used Bitcoin in order to get financial freedom.
There are no special requirements for someone to have bitcoin, you can have bitcoin by buying with the money you have. However, for someone or a company that has a lot of capital to buy bitcoin, there is indeed an advantage they will get, for instance, they can change the condition of the price of bitcoin. Bitcoin prices pure are based on supply and demand so as if there is someone or a company that has a large amount of bitcoin and then sell it then the price of bitcoin will decrease and otherwise. But for someone who only has a small amount of bitcoin they can get a profit also depends on predicting the price of bitcoin.
I think Bitcoin is for everyone, not just for companies, so if Bitcoin is used for various companies in the world, then the price of Bitcoin will automatically become more expensive, because many companies will adopt Bitcoin, so the Bitcoin supply will be depleted and can make Bitcoin increasingly rare. and then I think the price will increase.
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