Topic: What does Bitcoin protects people from ?? - page 3. (Read 1086 times)

The best thing bitcoin protects us from is hyperinflation.  Bitcoin has parameters set on the inflation rate and it will gradually decrease overtime.  Governments and bankers rob us of our purchasing power by printing money digitally with fractional lending.  I know the bitcoin inflation rate is still high at 3% but it will be dropping soon.

The other thing bitcoin protects us from is government seizures.  The government will not be able to freeze your assets if you hold your wealth in bitcoin.

Sounds like you have to sell some bitcoins, mate. It will always be risky to put your money in one basket even when it's something as big as bitcoin. You should always have backup money so even when bitcoin dies or your wallet gets hacked, you will still be safe financially.
Even with the corrupt government, we will always need tax because it's how the country sustains the country's needs. The help might not reach you directly, but the government is using tax to fix things and offer services for free. Although it's really sad to see that not 100% of the tax goes to the people but some goes to the government officials themselves.
I'm not really sure if anonymity was ever a thing since exchanges are requiring you to verify identity (KYC) in order to exchange your bitcoins into cash. The government will just ask for the list of users from an exchange, and they already know who are the crypto users in their country. At the end of the day, our money will still have to go through the exchange because it's how we convert our bitcoins into fiat money, sadly. No matter how anonymous we tried to stay online. Although of course there will always be ways to bypass this like selling your bitcoins to people directly or have someone else cashout the money for you and have it named for someone else.

It can be not a direct answer to your question, but my bitcoin is protecting me from going everyday to a regular job from 9 a.m. till 6 p.m. And be the pendants from my boss, who can just fair me.

To start trusting the system, you need at least a little understanding of the basic principles of its operation and a high degree of security.

I think Bitcoin and cryptocurrencies can give us financial freedom if you are with it, but it requires the patience, if you are a holder since last year you must know how hard it is right now, I am too very tough with money cos all my money in Cryptos.

Well, in my opinion,bitcoin can protect peoples from economic crisis as what some countries faces now, they can gave peoples chance to earn and have crypto currency which is now become popular world wide and because of our new technology they invented also a blockchain technology that now are become useful because of its good and many advantages of using it.

Bitcoin protects us from so many physical things that affect economy, business, and finance because bitcoin  its been operated or controlled online through the internet, so it makes things easier and saver unlike others means.

Very disappointed, I do not see bitcoin protecting its price. In this trading day, Bitcoin has increased slightly but still at a very low price level. Compared to the end of July, Bitcoin has lost more than 20% of its value.

Bitcoin is like Gold and silver the difference between them is that Bitcoin has no stable value and a digital wealth otherwise Gold is has a value that cannot be lower rather than bitcoin.Bitcoin as a digital wealth they protect people by not holdaping, kidnapping and others. That's only my opinion .

With Bitcoin, people are protected from those rubbers. Because we will not be carrying bags of money in case of bigger transactions. But it will be so risky if the internet signal is lost.

I find the bitcoin price a big risk. I have not received a profit from Bitcoin. Bitcoin trading can be risky because the price of this currency is difficult to predict in advance or fall in the future. Despite the low cost, many risks and recommendations made, but with the unprecedented "crazy" price increase in Bitcoin's history, many people are still searching for opportunities to get rich.

I don't really understand about this mtter, but in my opinion i think bitcoin is trying to protect people from the unfairness of existing financial system that often make the third party gain more benefit than the other.

For me, I don't know with bitcoin that protect the economy of people like gold or not, we can see that gold have their own commodity and doesn't affect by inflation. bitcoin may be affected by inflation but not much like the cash or local currencies. so many people use bitcoin as their investment to a get away from inflation and profitable.

Corruptions from government officials who were greed is the very strong reason why bitcoin could protect us from that kind of manipulations. Bitcoin return back those money wasted from the undesirable over taxation which every peopel are going to pay forcibly. That's right bitcoin freedom really empowered every individual to have definite confidentiality towards their every digital assets.

In my opinion, Bitcoin and cryptocurrency protect us from taxes and protect the identity of its users and the Bitcoin system allows people to protect their property from anyone's reach.

kyc will completely eliminate anonymity, this is unfortunate, but I think if the government does not control the flow of currency fluctuations and especially if they endorse bitcoin. all greed will become wild and uncontrollable, this will make the impact of mental destruction even greater.

I only understand that bitcoin protects people from ignorance, there is an increase in economic degrees and even hope for a better life competently.

Bitcoin protects people from the centralized world economy, where everything is controlled by the government. For example, bitcoin allows community users to determine the price they want to sell or buy. It also protects users from information leaks due to its well-known security and anonymity

absolutely true, if the internet in the whole world is stopped, it's the history of Bitcoin.
but that is not possible because all Banks, Governments, Financial Institutions also need computers, electricity and the internet to interact with each other.

To me i think that bitcoin is providing good financial support to people, specially to those people who have some experience in trading, because trading bitcoin can give a good profit to experienced people. While those people those people who do not have enough experience in trading they can also make good money from bitcoin investment for a long time.

bitcoin is protected by private key such as wallet and private key. the second is what protects the bitcoin from people who intend to enter into bitcoin with the intention to steal the contents of a bitcoin purse someone. traders do not lose money due to negligence maintenance of private key ..