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Topic: Why Bitcoin is trash - page 3. (Read 566 times)

member
Activity: 138
Merit: 10
March 21, 2021, 08:55:50 PM
#9
There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

Now one way, and one way only is to trade Bitcoin for cash, this is the only way that the government and banks couldn't control Bitcoin.

Now besides freedom this is the real reason I am gravitating away from Bitcoin, is that I didn't get help fron the people that I fought for.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

The idea that I was standing for something called Freedom was an illusion.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.






There's a treatment for what you suffer from.  It involves heavy metals.
hero member
Activity: 1722
Merit: 801
March 21, 2021, 08:50:01 PM
#8
For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.
You always can use it as many payment methods and marketplaces to buy and sell bitcoin, with cash, with bank transfer, with gift cards and many other methods.

Quote
You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.
Bitcoin ATM is not the unique method to buy or sell bitcoin. Why do you need debit card to use bitcoin? You can use bitcoin to pay for many things. Not all but you will have more ways to use your bitcoin. Buying Tesla electric cars in near future.

How CBDCs Give ‘Absolute Control’ to Central Banks. CBDCs will be created because banks and governments are trying to adapt to changes and evolution from bitcoin and blockchain technology.
jr. member
Activity: 112
Merit: 2
March 21, 2021, 07:57:16 PM
#7
Bitcoin represents freedom?

HELLO BUD, THE CENTRAL BANKERS CAN BUY ALL THE MINERS AND COINS. THERE IS NO FREEDOM. YOU ARE STILL A SLAVE.

working on a coin we all mine at the same rate, it will be true freedom and render bitcoin and fiat back to there true value of 0.
copper member
Activity: 2170
Merit: 1827
Top Crypto Casino
March 21, 2021, 06:54:21 PM
#6
You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.
The problem here is that you are mixing the use of Bitcoin with Government controlled services such as bank and fiat, so they will definitely ask you for Identification.
Try to transfer you Bitcoin to anyone in the world from your noncustodial wallet and see if they will ask you for any ID.


But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.
Is there a bank that will let you transfer $5M for a fee of less than $5?
legendary
Activity: 2268
Merit: 18748
March 21, 2021, 05:58:45 PM
#5
there is no way to use Bitcoin without the Banks and the government.
There is no way to use fiat without the banks and the government, you mean.

You can't use a bitcoin ATM without an ID because you are trading to fiat. You can't use a centralized exchange without an ID when you are trading to fiat. You can't use a bitcoin debit card without a bank because you are paying in fiat. Meanwhile, I can buy goods and services for bitcoin without ever touching a bank, without ever revealing my ID, and with the government having no knowledge of the transaction. I can transfer money to friends abroad, I can gift money to relatives, I can sell goods and services for bitcoin, I can work or hire people for bitcoin, etc., all without a bank or government.

If you are going to convert your bitcoin back in to fiat whenever you want to spend it, then of course you are going to be at the mercy of the fiat banking system and all their rules and regulations. If you want to avoid this, then spend bitcoin directly.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
March 21, 2021, 05:53:45 PM
#4
If I understand you correctly, you think Bitcoin is trash because your bank wants to see your ID to let you open an account there and nobody in the community here gave you money?

It sounds like your problems stem from something other than Bitcoin.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
March 21, 2021, 05:33:45 PM
#3
The main selling point for me with bitcoin was holding something that was deflationary. Cash held on a bank used to be because they'd pay you more in interest than the going inflation rate but now banks just seem to want to lend or charge people to put funds in there.

Banks here don't charge fees on transactions and debit and credit cards normally charge 0.3% or don't get accepted by many places. The same is probably going to be seen with cryptocurrency unless only large powers own them (like banks and governments).

You can find people that will accept crypto in exchange for goods such as land but you'll still need ID - I don't know why government supervision was deemed to you like it was going to go away if they didn't have banks anymore (you're still ruled by your government).
newbie
Activity: 4
Merit: 2
March 21, 2021, 04:41:50 PM
#2
This seems like a government overreach issue more than a bitcoin issue no? I agree with you that bitcoin and all crypto should be about financial freedom, however I would argue its the state's fault we don't have freedom in bitcoin anymore, and that is very unfortunate. My main portfolio is still bitcoin, but I've been moving more and more into Monero for these reasons.
full member
Activity: 428
Merit: 107
March 21, 2021, 08:02:37 AM
#1
There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

Now one way, and one way only is to trade Bitcoin for cash, this is the only way that the government and banks couldn't control Bitcoin.

Now besides freedom this is the real reason I am gravitating away from Bitcoin, is that I didn't get help fron the people that I fought for.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

The idea that I was standing for something called Freedom was an illusion.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.




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