why are you sure the bitcoin will be make economic freedom? - page 4.

davis196

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Quote from: amrulshare on January 13, 2019, 04:16:58 AM

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

To be honest,I'm not sure about this.Bitcoin will continue to be controlled by a minority of crypto whales and miners that will continue to dictate the price and make more money out of the naive noobs.
However,economic freedom has little to do with the currency you are using.

jrrsparkles

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When the user have freedom of spending their money it can change lot of things from the current fiancila system,firstly we don't need the banks who is transacting our money and by that they were making money out of thin air,if we can eliminate them then we can control the production of money and our currency will retain its value due to no inflation.

Stac

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As we go through the previous history of Bitcoin we can get an idea that Bitcoin will be helpful to make economic freedom all over the global .despite of any discrimination .Bitcoin transaction is done without any third party influence and is made online world wide and no manipulation can be had in Bitcoin transactions and it is an internationally operated electronic currency .Some countries like China.Korea has banned Bitcoin and even India also have accepted Bitcoin to use legally these all make confusion to the mind of the people involved in Bitcoin investments .Since Bitcoin has a fixed limitation and cannot be manipulated some governments fear and so they cannot accept it legally .

babarian

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because bitcoin was created to be a global currency, so if indeed it becomes a reality and bitcoin becomes a global currency that is recognized worldwide and can be made into a global currency then it will make economic freedom in all countries of the world, we can make transactions with other countries without having to exchange currencies like FIAT currency.

LUCKMCFLY

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It is simple, in a word it can be defined, it is "Different", we are accustomed to having our money under the care of a third party, where large transactions can not be carried out without special permission, otherwise, it is a case of investigation. It is incorruptible, the security that is acquired through blockchain and its SHA-256 code, is superior to any banking system, and governments can not manage this technology, in this way, financial freedom is acquired.

Renaldi blackspadeteam

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I'm glad to hear this, it's time for this world to be free of inflation that prints money continuously, bitcoin will soon save the world from the inconvenience of banknotes and banks, with bitcoin every country can't make money anymore because the supply of bitcoin is limited, so this can save from inflation and honestly bitcoin can replace banks, because bitcoin is superior, for example when you want to send money abroad, banks need time and money which is expensive while bitcoin is fast shipping and low cost.

nebiki

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Quote from: biskitop on January 13, 2019, 12:58:23 PM

because everyone, who controls their own finances. if at the bank, then our money is controlled by the bank, but if in bitcoin, we set everything ourselves and we are the owner of the full rights of our money. it is a form of economic freedom.

hence from that bitcoin in the future it might be possible to destroy the bank system, because if we make the bitcoin money we can set ourselves compared to the bank, we cannot regulate because the bank can manage it.

Tagus45

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I consider bitcoin can change the economy for the better because of the benefits that can be generated from bitcoin, bitcoin still tends to grow and have a future, and with that will give good results.

Supernova10

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May not be a synonym but a start. The markets move so fast though and I wouldn't call that freedom.

DooMAD

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Quote from: Kakmakr on January 16, 2019, 02:15:22 AM

People do not see this freedom, because most of them have not had their Bank accounts frozen or their PayPal account blocked. Angry

Not yet, at least. But given what appears to be a looming escalation in the global financial crisis, along with increasing levels of surveillance and authoritarian governance around the world, some people may well have to learn this lesson the hard way.

Kakmakr

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Economic freedom is the freedom to trade with anyone globally, without having your Bank account being frozen or your PayPal account being blocked. It is the freedom to transfer "wealth" to anyone in the world, no matter what capital controls are being put into place to restrict you.

Bitcoin gives you the freedom to do all that and no exchange has to be used, if you know how to game the system. People do not see this freedom, because most of them have not had their Bank accounts frozen or their PayPal account blocked. Angry

3core

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That's the main goal of bitcoin, it is not regulated by government and doesn't function according to government policies, isn't that a a degree of freedom ?

DooMAD

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Quote from: qiman on January 15, 2019, 01:24:22 PM

I am no longer as confident as I used to be, that Bitcoin will make many people rich anymore. I lost almost all my capital in 2018 and hardly have anything left so now I try to only think of a way and means to survive right at this moment. I think the lucky few who got in early and those who managed to sell off a lot in the highs of 2017 are the ones that made it big.

Start again and read the whitepaper. There's nothing in there about Bitcoin being a means to accumulate more fiat. Some would say you're missing the point.

You gain economic freedom from using Bitcoin, not by exchanging it for fiat in a futile attempt to get rich. If you're not confident, it's probably because you're doing it wrong.

joromz1226

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Quote from: amrulshare on January 13, 2019, 04:16:58 AM

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

Because of the blockchain technology it can really give a big help and benefits to any country that's what I know about it. why?
It is because of the transparency it can give once this technology will apply to every nation. And we all knew that Bitcoin without blockchain for sure it can't be create. But that's not what happen, due to the unique feature that bitcoin has its the main reason why the community used it so much.

qiman

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I am no longer as confident as I used to be, that Bitcoin will make many people rich anymore. I lost almost all my capital in 2018 and hardly have anything left so now I try to only think of a way and means to survive right at this moment. I think the lucky few who got in early and those who managed to sell off a lot in the highs of 2017 are the ones that made it big. Now mainly it is the Bitfiniex shorters using leverage and those big lucky whales that make constant money on their money that are independent financially. The rest of us are trying to collect some crumbs so to speak at this moment in time.

hahay

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Quote from: amrulshare on January 13, 2019, 04:16:58 AM

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

Not sure, too, if bitcoin would become a commodity in the world economy, I am sure that bitcoin will become a centralized technology. The government will not remain silent if bitcoin becomes an economic freedom that continues to increase, because they will definitely regulate it and will include taxes for the state in each transaction. Yes we can see every cryptocurrecny that you say can be controlled by an exchange and that is a small example, if it is already big then the government will interfere too.

sirminesalot

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maybe what you say is true, but the legality of the government is a guideline in the economic development in front of it

PlusOne88

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Economic Freedom is quite broad to really point its view to just a few points that bitcoin really takes advantage of. In the world today where business is the main concept why people still keep on living in this economic world, it would be so difficult to say that we are really having this economic freedom. As you have pointed out you might just have focused on the idea of a decentralized system where the government has no hold of the transactions we make but honestly there are still so many things where the government really had the control over us, and the decentralized system does not yet solve totaly the economic freedom we need.

Bitfling

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Quote from: amrulshare on January 13, 2019, 04:16:58 AM

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

I dont think cryptocurrency controlled by crypto exchange or related with it. I am believe the meaning of freedom on economy is free to make transaction without using third party like banks because bitcoin is peer to peer transaction currency.

AwkwardSuit2

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Not Bitcoin itself but the whole crypto market/movement. I'm sure institutions are gonna seize the technology and provide the infrastructure for our daily use cases, but crypto itself is moving forward.

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