Topic: The future of Bitcoin - page 5. (Read 1078 times)
Although in the current society, government want to control everything including every privacy of each person, but you can still hide it using Bitcoin. Of course it doesn't mean when you use Bitcoin, you can stay anonymous, because there's many requirement that you need to do. Just like learn basic privacy concern to not upload anything about your personal identity to public, using Bisq to trade Bitcoin, using mixer to mix your coins, set your own cold storage etc.
Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.
What do you think will be the fate of bitcoin in the future?
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.
What do you think will be the fate of bitcoin in the future?
I think what you are describing is privacy or anonymity?
Because exchanges are now asking everyone for KYC? like passport photo and other key documents?
It's easy though, if you don't want to do that then used:
https://bisq.network/
But as far as the future of bitcoin is, we are still good, although this is a challenge for everyone, I think we can embrace it. But as I have said, if you don't feel comfortable with it then use DEX.
No one can control your Bitcoins and how to spend it or use it if you know how to manage a full node, download an open source wallet, and broadcast the transaction via Tor.
You can buy bitcoin anonymously using:
You can buy bitcoin anonymously using:
- Buy gift cards with cash and sell them here or any online forum.
- Cash trading in safe place, hide your face with a mask and glasses.
- Offer online services,
- P2P trading using Bisq.
- Offer digital services like translation, coding,..etc/
Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges.
Bitcoin havn't gone through everything yet, it's just the norms you should expect as with any other currency and talking about centralized exchanges, that's less concerned about bitcoin because bitcoin is meant to be in the wallet that could present us with the keys to access them on the blockchain.
But it still holds on and lives. And it holds on you and me as well. And it will live on.
Bitcoin isn't like other cryptocurrencies that some may fail along the line as they were meant to present fake and unrealistic projects through crypto, only bitcoin has come to stay in serving this long term purpose.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
In my opinion, this contradicts all the principles that Satoshi promoted.
Satoshi does not made mention of using any centralized exchanges when introducing bitcoin, he only stayed about having bitcoin on the wallet, which is the best way everyone can have his asset decentralized and secured from third party rendering you with the keys or running a full node transaction.
What do you think will be the fate of bitcoin in the future?
Hyperbitcoinization
What do you think will be the fate of bitcoin in the future?
what is certain is that bitcoin will be more advanced than now, maybe people who didn't like bitcoin before, might start to like bitcoin.because in the future technology will be more sophisticated, surely everyone in the future will understand more about technology, for example now children have been introduced to cellphones, different from people before, who knew cellphones when they were adults, even a little old.
so that way it is certain, in the future there will be no one who does not know technology, because even from a young age they have been introduced to technology.
and that way, it will definitely have a high impact on the progress of crypto/bitcoin assets.
There's no doubt that the future of bitcoin is great but with the intervention of companies, exchanges, and the government, they're doing things that are against the principle of bitcoin.
We can't do anything with that but hopefully, someday, we won't be relying on these exchanges to have our bitcoins exchanged into another currency that we have. Without having the need to comply with the KYC and stuff. Because that's what we don't like with these exchanges.
We can't do anything with that but hopefully, someday, we won't be relying on these exchanges to have our bitcoins exchanged into another currency that we have. Without having the need to comply with the KYC and stuff. Because that's what we don't like with these exchanges.
My reply goes directly to about exchange, for exchangers to source for your data I would term it from you putting your fund into Centralized exchange which after or before withdrawal they would ask your details for proof of ownership. But if in a case you didn't store your bitcoin on exchange then I don't think any exchange would asked for kyc or data, which is why it's best advisable to store your assets in a self custodian wallet which you may want to have control over instead of exchange. If per say you wanna sell then I can say you could used p2p from trusted, reputable p2p forum provider with them no kyc is needed.
Consider how a decentralized cryptocurrency like Bitcoin would perform better in the absence of marketing. Because Satoshi simply created and disappeared after configuring everything. There is no one working behind the scenes from the team for Bitcoin adaptation. Many dramas have been made, and many more will be accomplished in the future. However, Bitcoin is still alive and will continue to exist. I'm not sure if another form or current forms should be used. Bitcoin gained popularity as a result of its decentralization, which allows each holder freedom.
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I guess he means that using bitcoin in a centralized manner isn't acceded according to the principles.
The principle is about freedom, which means in order to acquire bitcoin or use bitcoin in any way you don't have to use centralized services including exchanges but you are free to use them or use bitcoin in any centralized manner if you choose. I guess he means that using bitcoin in a centralized manner isn't acceded according to the principles.
Bitcoin has passed through all the necessary procedures that every new technology would you need to pass through.
The only thing that bitcoin did not utilise very well is the hype you e said about I can say that bitcoin was not hyped, assuming bitcoin was hyped, it would have exceeded what we see today as adopted.
Bitcoin is more than what everyone see it to be especially the ordinary people that does not have the idea of Bitcoin.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
There is not one depriving you the freedom bitcoin gave you. If you begin to detect for people how to use bitcoin, you are the one limiting their freedom.
The only thing that bitcoin did not utilise very well is the hype you e said about I can say that bitcoin was not hyped, assuming bitcoin was hyped, it would have exceeded what we see today as adopted.
Bitcoin is more than what everyone see it to be especially the ordinary people that does not have the idea of Bitcoin.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
There is not one depriving you the freedom bitcoin gave you. If you begin to detect for people how to use bitcoin, you are the one limiting their freedom.
That's why you should avoid centralized exchanges, and exchange decentrally. It's cheaper, more private, and requires less effort during registration
Do you know about the transaction fee charged on decentralized exchanges like uniswap for swapping erc-20 tokens during the previous bull market? Because, if you do, you surely wouldnt call it cheaper. Instead, cex like binance is coming up with offers like "zero spot fee trading". So you decide who is more cheaper.Moreover, cexes are more user friendly than dex (the orderbooks, the flow, etc. etc..). Whatever we say but reality is dex still got a lot of work to do to compete.. [Im not against it though]
Quote
In my opinion, this contradicts all the principles that Satoshi promoted.
Not at all. Bitcoin wasn't created to change what centralized services do. It was created so that you have the option to not need the centralized services anymore. If some people decide to still use them, it is their fault not bitcoin's design.
You are confusing bitcoin with centralized services that use bitcoin.
It has gone through [...] the huge theft
Bitcoin has never gone through any theft. Exchanges were hacked and they stole people's money but that has nothing to do with bitcoin.Quote
and I read Satoshi's last post, but I decided to invest only some years later.
If you read Satoshi's posts more carefully you'd realize that bitcoin is not created for investment but instead as a currency.Quote
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
Again this has nothing to do with bitcoin. It is all about exchanges and fiat (ie. banking system used by exchanges)Quote
In my opinion, this contradicts all the principles that Satoshi promoted.
Not at all. Bitcoin wasn't created to change what centralized services do. It was created so that you have the option to not need the centralized services anymore. If some people decide to still use them, it is their fault not bitcoin's design. In my opinion, this contradicts all the principles that Satoshi promoted.
Absolutely. That's why you should avoid centralized exchanges, and exchange decentrally. It's cheaper, more private, and requires less effort during registration. Downsides are that there's less liquidity, and financial institutions such as Revolut might subject you to money laundering if you're transacting with strangers electronically for big amounts. Exchanging face-to-face unfortunately isn't a realistic option. 
Hello all,my friends. I think it's time to hear the opinion of the whole forum on this topic. Look what way bitcoin has gone from the beginning of its creation and to the present time. It has gone through everything: the fall, the rise, the hype, the huge theft, disappearing exchanges. But it still holds on and lives. And it holds on you and me as well. And it will live on.
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.
What do you think will be the fate of bitcoin in the future?
I started reading this forum, when I was a student, and I read Satoshi's last post, but I decided to invest only some years later.
It's a great tool that gives you freedom, and everybody needs it.
But lately they little by little deprive us of this freedom, introducing passport photo, face and whatever else they want at registration on exchanges.
In my opinion, this contradicts all the principles that Satoshi promoted.
Bitcoin should be a tool of freedom and no state should control it.
They want to tax it and they want to control everything and they won't allow money to flow out of their economy.
It pains me that this is coming, but no one can do anything about it.
So I want to ask your opinion.
What do you think will be the fate of bitcoin in the future?
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