The future of Bitcoin as digital currency - page 6.

Faisal2202

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Quote from: Bonkume on December 17, 2023, 02:37:43 AM

No government should prohibit the ownership of this technology
-cut-
But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

You are right but who is stopping us from owning this digital asset (BTC). As far as I know authorities of the USA have started an act against all those bad actors which are giving bad reputation to BTC. Which in fact a good thing as it Indicates the good concerns of international authorities for BTC which ensure longevity and build trust among those traditional investors who still hesitate to invest in it.

Talking about BTC future it looks bright to me, because big multimillionaire companies are interested in it and investing a lot of money which will triple it's market cap and the value too. And many short volume investors are also taking benefit of it by investing small amount they have which collectively adds a big volume and overall the adoption rate is also increasing.

AirtelBuzz

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I think the future of Bitcoin as a digital currency is bright because the use of Bitcoin is spreading day by day.Also Bitcoin is popular in every country across the world.

Bitcoin is still not legalized in many countries of the world like our Bangladesh.Our government of Bangladesh may never legalize bitcoin because they think that if bitcoin is legalized it will increase the amount of money laundered in this country.

There are many countries where Bitcoin is legal again and even Bitcoin is used as payment to buy almost everything in countries where Bitcoin is legal.I saw on Twitter today that an ice cream shop in Brazil is paying with bitcoins.Looking at them, no one should doubt how popular Bitcoin is now with people all over the world and how bright the future of Bitcoin is.

mirakal

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Quote from: Bonkume on December 17, 2023, 02:37:43 AM

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

With bitcoin, if you're born poor, then the more reasons that you have to take bigger risk with bitcoin. Bitcoin is most probably what we call our future, so we need to set it as our goal to accumulate as much as we can and hold them longer so we can reap massive profits in the future. It is in bitcoin that we can have the full control, and not over a centralized fiat, so if we can maximize the opportunities provided by bitcoin, then there'll be no reason we'll die staying poor and homeless.

However, the government still sees bitcoin as a threat to fiat so if we can hold bitcoin without alarming the government, then that would be the best option for now. Bitcoin is a decentralized currency, the reason why we have to deal with it more privately.

Z_MBFM

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Quote from: Jegileman on December 17, 2023, 03:15:11 AM

Bitcoin represents true freedom. What is life without the freedom to do what you want, when you want it, which will help you achieve a lot in life? The government never wants ultimate freedom for its own people; they always want everything to be under their control so that they may direct and give laws that we have no choice but to follow in order to realise our desires. Many countries claim to practise democracy, but many still operate under dictatorships.

Bitcoin gives enough financial freedom but when the government of every country starts to think of Bitcoin as a legal currency then maybe it will bring a lot of freedom for us but till now Bitcoin is considered as an illegal currency in many countries like in our Bangladesh Bitcoin is not legal yet how can we have freedom there? How can we use Bitcoin in our country freedomly. But when Bitcoin can be used as a legal currency in our country, we can say that Bitcoin gives us enough financial freedom. Now we can use decentralized wallet very easily but cashing it out is very troublesome for us till now. But p2p service now gives us a lot of convenience to cash out bitcoins

synchronym

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The popularity of Bitcoin is increasing day by day. Bitcoin is very important for our life. In many developed countries where Bitcoin is legalized, the people of those countries can work in Bitcoin very well. If the government of our country would have declared Bitcoin legal then maybe many young generations could have organized their lives beautifully through Bitcoin. Bitcoin is changing many people's lives. Day by day more and more people are getting interested in Bitcoin. So the government of our country should declare Bitcoin legal. Then we can focus on Bitcoin work independently.

Assface16678

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Quote from: oktana on December 17, 2023, 06:38:34 AM

Bitcoin brings freedom, but what freedom? People misunderstand the freedom and assume it means freedom from everything, but that’s not true. Bitcoin brings freedom in the sense that you have total control over your money. Bitcoin doesn’t give you freedom by changing the lives of poor people. That can happen if you invest and volatility favors you in your planned timeframe. But if not, the core of this is so you are the owner of your keys and your funds, not a centralized or middle man somewhere else.

And that kind of freedom is what the people needs, as the internet becoming more useful many people also use internet and the advancement of the technology and because of that there are more options to earn or have a money, so poverty is not an excuse for a person to not earn money or learn new things to earn and bitcoin or crypto currency is one of the best option to learn to earn, yes not all people has the capabilities to learn something new or something like bitcoin but for those who can and still relying on bare minimum profit is those who doesn't seek another way to have an extra money, as you said bitcoin gives freedom to earn and no one could stop you from learning it so people who has idea in it should grasp the opportunity and not be lazy so you can use the freedom you have.

tbct_mt2

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Quote from: samuraijin on December 17, 2023, 02:03:09 PM

In fact, the government is not not allowing its citizens to use digital currency

Some nations, some governments are doing this but not all and the fact is they are minority of hundreds of countries globally.

You can see and count how many countries in which cryptocurrencies are considered as Illegal with these maps?
https://coin.dance/poli/legality
https://newhedge.io/terminal/bitcoin/legality-map

Quote

but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction

They will not be able to prohibit their citizens to use cryptocurrencies like they can not block their citizens' access to the Internet. They know what they want, like you are discussing, tax is their main concern.

They are doing everything to force cryptocurrency industry to be on a track with as much and best control as they can, just to gain as much tax from their citizens as possible. Eventually they want tax, not want to prohibit cryptocurrency use.

Husires

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Slogans are belied by facts. Governments tend to control. They want to know where all your money goes and take a percentage of it. Therefore, you must adhere to all new updates to the laws, otherwise you are a bad person. Therefore, despite the privacy that Bitcoin has given us, it is still part of a global system, and we have failed. In creating completely independent decentralized systems, whether for example the Internet or currencies, so things will remain as they are.

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Quote from: Bonkume on December 17, 2023, 02:37:43 AM

Someone very wise say if you're born poor you die poor and I quote
//

Hmm, I'm not familiar with that saying. I believe the one I've heard goes, "If you 're born poor, it's not your fault, but if you die poor, it's your mistake." I think it's a bit more accurate and, as it implies that we have the power to change our circumstances if we so choose.

samuraijin

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Quote from: 8rch7 on December 17, 2023, 10:21:41 AM

Indeed government not allowed bitcoin as legal payment transaction I think we are freedom have alternative way selling cryptocurrency trough P2P transaction, we can hide with how much cryptocurrency assets and can't investigate by government. During with global exchange not banned operation in your country we can get freedom with bitcoin investment, not problem yet when government make bitcoin as banned for digital currency payment because P2P make us more freedom when transaction with the other for selling or buying cryptocurrency assets.
All government have policy with bitcoin how to be legal digital currency payment will make their fiat position loss transaction in the future, many benefit with bitcoin will make transaction more dominance using bitcoin than fiat.

In fact, the government is not not allowing its citizens to use digital currency, but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction, in fact the government has authorized its citizens to use digital currency for their income, only one thing that is prohibited by the government is to use it as a means of buying and selling goods using digital currency, in fact that is a problem point that exists in every big country, many have legalized cryptocurrency circulating in several big countries, even in Southeast Asia they have legalized it...

Everyone is given the freedom to invest using anything in the form of bitcoin, crypto, tokens, gold, etc. The point is, don't just use buying and selling goods, which is what is desired in every country, because that will bring down the country's currency if that happens and of course there will be taxes. Also given by the government, of course everyone will reject it.

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Some governments can feel very insecure about the fact that their citizens can own money in a digital form and send it to anyone who has wallets to accept this money without the government having a say in it. Bitcoin isn't under any state's control, and while it's empowering to many people, it can be concerning to authoritarian regimes which want as much control over their citizens as possible or to democratic countries with strong lobbies of traditional financial businesses.
Bitcoin does provide some opportunities, but, unfortunately, it's really hard to escape poverty with it, not when it costs so much and mining is also something that requires expensive equipment.

aylabadia05

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Quote from: Bonkume on December 17, 2023, 02:37:43 AM

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin technology does not aim to hinder but make transactions easier. The government can do anything but it cannot stop this technology. The issue game was created because of the ease that people find in making transactions using Bitcoin without involving a third party. The government makes a profit by selling cards and other unnecessary things in Bitcoin.
The freedom that people get from Bitcoin is to carry out transactions throughout the world without complicated processes. That's the simplest.

fredericktaylor

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Bitcoin's future as a digital currency is on its way to prosperity, but lack of sufficient legal and ethical support is likely to affect it. But I really don't know when the government will legalize Bitcoin for the common people in our country. We will all invest in Bitcoin independently and have banking and legal recourse against any Bitcoin problems.

Alpha Marine

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Quote from: Bonkume on December 17, 2023, 02:37:43 AM

Someone very wise say if you're born poor you die poor and I quote

This is bullshit.
If you're born poor, you can decide to break out of poverty by working hard and smart. A lot of people are poor today, not because they were born poor but because they refused to get themselves out of poverty.
What you should try to do is develop yourself first before you can make money. Make yourself a valuable asset that would be sought after.

Quote from: Bonkume on December 17, 2023, 02:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

If you get an education and work hard, you can become whatever you want. Bitcoin is not something to make our dreams come through. Only you can do that. People have worked hard and become whatever they wanted before the inception of Bitcoin and people are still doing so now without Bitcoin. Bitcoin is only a decentralized currency that has made transactions easier, and given us anonymousity and control of our assets.
Right now, I don't think Bitcoin can make anybody a millionaire. The early investors of Bitcoin enjoyed that luxury.

8rch7

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Indeed government not allowed bitcoin as legal payment transaction I think we are freedom have alternative way selling cryptocurrency trough P2P transaction, we can hide with how much cryptocurrency assets and can't investigate by government. During with global exchange not banned operation in your country we can get freedom with bitcoin investment, not problem yet when government make bitcoin as banned for digital currency payment because P2P make us more freedom when transaction with the other for selling or buying cryptocurrency assets.
All government have policy with bitcoin how to be legal digital currency payment will make their fiat position loss transaction in the future, many benefit with bitcoin will make transaction more dominance using bitcoin than fiat.

Dr.Bitcoin_Strange

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Yeah, just like the other members have already said,the government can do whatever they please, and no one tells them what to do and what not to do, especially if it's coming from the common man. The government likes to be in control of everything, and as long as Bitcoin is not under their full control, they will not allow citizens to freely engage with it, although Bitcoin is not banned in all countries around the world.

Bitcoin has made some of the old investors millionaires, and for someone to be in such a favor of earning a fortune from Bitcoin, there are different strategies to be taken. First, someone cannot hold Bitcoin for a long time if they are only dependent on their Bitcoin investment. Some people are still holding the bitcoin they bought around 2011, and it's possible for them to do that because they still have other investments and sources of income.

BIT-BENDER

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The truth is that no government can reach success in completely blocking the use of Bitcoin in their country.
Is not possible for them to do that, Bitcoin decentralised nature already offer Bitcoin enthusiast that protection and safety they need, the issue that may arise for Bitcoin enthusiast and the government that are against Bitcoin is centralisation, for example making using of centralised exchanges like binance can give your personal identity out and some exchanges are channeled towards the requirements of the government.

reagansimms

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Freedom can allow you to be creative more freely than being bound by a work contract that limits your space to do things that can bring in more money than you get at work. Bitcoin is freedom, while fiat money always guides you to follow all the rules implemented by the government. People who do not want their lives to be controlled by government regulations on the use of fiat money prefer the freedom of using Bitcoin.
You are free to make transactions to buy goods and services with Bitcoin anywhere and at any time, the convenience offered by Bitcoin is not available with fiat money. You can easily send Bitcoins across countries however much and whenever you want, this convenience you never get with fiat money.

Z-tight

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Op i am having a hard time understanding what it is you want to say. Most of us already know what BTC is, but sadly the government doesn't see it that way, they label it a tool for money laundering and other kinds of illicit activities, and that is why they continue to attack BTC. However we cannot change what they think, but we can work together to stop the government from gaining 'control' over the BTC network, which is something they want to do by introducing censorship in BTC mining and attacking privacy solutions as well.

Quote from: Bonkume on December 17, 2023, 02:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

You do not need BTC to be whatever you want to be, BTC is just a p2p electronic cash that is to be used for payments.

Blitzboy

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Bitcoin definitely promotes financial independence and empowerment. Ideally, it helps people overcome socioeconomic hurdles. Purely, this technology democratizes the economy. Virtual assets like Bitcoin could change wealth distribution in our society. We must recognize the intricacies. Ownership should be allowed, but governments must provide stability and discourage misbehavior. Instead of restricting freedom, their involvement can make Bitcoin's growth and adoption safer. Integrating innovation with responsible monitoring is our goal.

Bitcoin may help break the poverty cycle in this future. Learning and working with this technology could lead to extraordinary success. This is about establishing a more equal financial landscape where everyone can prosper, not just accumulating riches.

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