Bitcoin Forum

In US, second amendment provides the right to bear guns for the purpose of protection against external and INTERNAL threats (oppressive governments). Brilliant idea.

Is Bitcoin the same thing against FIAT? No doubt FIAT is oppressive (just read some basic economics).


NOTE: For those who keep stating that govs have tanks and aviation and etc. please do not forget that soldiers who operate them are citizens too, and please do not mistake a means of protection mostly via the only fact that it exists (without any active actions necessary) with active violence.

Partly, yes. I'd say that bitcoin is there to protect us from fiat and its undervaluation, also notably from the government's control on our spending and whatnot. Fiat is as oppressive as it can get; with how the laws are shaped to protect the banks and the government from the people by printing money to 'stimulate the economy' while the poor people are getting the negative implications on what the governments are doing. Bitcoin protects people from that sort of thing, by distancing their assets from their local fiat while retaining its value over time.

I think it's kind of a parallel between freedom of speech and freedom of exchange of value. Like guns can assure freedom of speech is used as an instrument for building healthy societies, the same way freedom of exchange of value through bitcoin can assure building of a healthy economy.

At least those two are very similar to me.

I think Bitcoin is not opposing FIAT currency. It is growing for its own advantage. However, many banks are taking bitcoin as threat. So, that's a good initiative taken.

Does Fiat with Bitcoin need each other? Bitcoin still needs Fiat because Mining Bitcoin production still requires Hardware and Electricity paid through Fiat. Fiat is very oppressive, it's all because of government regulations. Fiat with the government can not be released, everything is pressing Bitcoin.

Without any sort of doubt it can be said that bitcoin is a protector to the. mankind. If bitcoin is replaced with fiat money then definitely it will be helpful to the people more than fiat.

Incompletely, yes. I'd state that bitcoin is there to shield us from fiat and its undervaluation, additionally eminently from the administration's control on our spending and so forth. Fiat is as severe as it can get; with how the laws are formed to shield the banks and the administration from the general population by printing cash to 'invigorate the economy' while the destitute individuals are getting the negative ramifications on what the legislatures are doing. Bitcoin shields individuals from that kind of thing, by separating their advantages from their neighborhood fiat while holding its incentive after some time.

Bitcoin is a great invention in this modern world. Because it can access whole the world. But many of the government and banks are not accepting bitcoin. Because the feel bitcoi is illegal. But in near future they will also accept bitcoin because of bitcoins popularity.

BTC really change the concept of currency based on this in online process its great to use based on this you can do many things with this currency also many people do trade with this but they have no relations between banks because it’s in online process.

LOL. Guns to protect against oppressive governments. People have to protect themselves when real tragic situations show up, like the gun shots in the various schools, where were the guns then? And sure Donald Trump became president just like that. No Russians involved.  ::)

Bitcoin was never intended to go against fiat, it was intended to be a payment system that is decentralized and has P2P protocol. And comparing bitcoin to fiat, is just not fair. Bitcoin, is here to protect people yes. Does this mean banks are bad? No, but in my case: Yes. But do you ever see local citizens(not mobs/gangsters/terrorists) using guns to protect themselves from the government? Same might go for bitcoin, people don't care about bitcoin. They only care about money. So long as they get profits, they would keep using. Ultimately everyone uses bitcoin to convert it to fiat.

I didn't say anything to suggest aggressive behavior of guns or bitcoin. In fact I stated the other way around, that these are tools for protection not attack.

Well, I think this two are pretty similar. I agree that BTC is here to protect us from the bank currency. We can use BTC instead of fiat money. There are lot of problem in fiat money. BTC help people from keeping away their asset from the local fiat money and retaining its real value over time.

I don't really agree with you. Fiats are no enemy to us. Rather it would be lot better if we could run both cryptos and fiat money side by side.

The comparison over here is a bit too extreme but yes, the purpose behind it is quite the same. Bitcoins are here to protect us from fiat, given how the laws are portrayed to shield the banks and the governments on the activities regarding what we do with the bitcoins.

Bitcoin is not the 21century anti faint dose but a full revolution, bitcoin has come to offer it users the full financial freedom from the financial prison they are cage in by the traditional financial institutions and the third party mode of financial transactions, bitcoin is here to liberate the world from it financial slavery and that is a great move for all of us.

Fiat can't be oppressive, it's an inanimate object. Just like a gun doesn't draw people to violence, it's just a tool. Also, like others have mentioned, BTC wasn't made to eliminate fiat. It was made to give people a choice. To show them that the way of the government (go to school, get a job, take a loan, buy a house and a car, save for retirement, pay taxes, get social security) isn't the only way.

I think you are right. In recent time, cryptos are getting acceptance from mass people all over the world. This form of currency make life easy and hassless. So I also believe that bitcoin is to protect from the banks traditonal system.

I think you haven't study where fiat comes from in your pocket and how it works. It is fundamentally a coercive form of currency. It is oppressive by design. And no, it is not an inanimate object, fiat is not only the paper bill, it is the whole system.

Governments across the world have very different views on how your life should be. Only in US (as far as I know) there is a second amendment designed to empower people with firearms so that they can protect themselves against tyrannical govs and choose a life they like. And only??? bitcoin/crypto empowers people to trade between themselves without the censorship from banks or other financial institutions and without the devaluating mechanics built in fiat.

i dont think so.it is not made to go against fiat, just to be a new payment system, and a decentralized one. for now though most people are just using bitcoin to gain more fiat.

I think you're wrong. Some governments allow citizens to have guns because they can't protect everyone from street crime. No one is allowed to have weapons to defend against a repressive government. Moreover, the more repressive the government, the less it values human life and therefore weapons are banned in such countries. No government wants to deprive itself of the right to influence all citizens through Fiat.

Bitcoin with Fiat can not be equated, but in its function of mutual need. Bitcoin still needs Fiat in its use, it can not be avoided. All parties are always pressing Bitcoin So also with fiat and Government, doing everything possible to make Bitcoin destroyed. but on the one hand, because so many users of Bitcoin it will be very unfortunate if it is destroyed. surely the government will peg a very large tax.

Of course the government must be protected by the walls of the Law, because otherwise there will be many who threaten. as well as Bitcoin, Bitcoin was created because to avoid the bank. the bank reap the benefits of its users, its users always complain because the bank is so pressing by doing fraud.
Actually Not the same problem or not, because Bitcoin need Fiat as a bridge to be able to transact from the user with other users.
so I think Fiat is very depressing Bitcoin, because Bitcoin is still dependent on Fiat.

Nope bitcoin is being misused and there are many misconceptions against bitcoin. Some are saying that bitcoin is used in a form of payment which actually there is an happening where some establishment accept bitcoin but we all know that there could be some regulations on it because that bitcoin will be converted to fiat and there are transaction fee's to be taken after bitcoin converted to fiat money. But if the establishment will accept bitcoin without the conversion of bitcoin to fiat money that would be great. This is one of the problem and one of the misconception. Some would also say that it could save fees from the banks if we are going to save in cryptocurrency but actually here in the Philippines it is costly since local exchange has higher rate and that would be much expensive than saving money in the bank. For example we buy ether for 430 USD which in the current price in coinmarketcap is only 410 USD so got 20 USD and that is already a big thing and exchanging it to fiat it could be another story for example you had sold  ether for 410 but the current price in coinmarketcap is 430. So there could be a big difference on saving money in crypto and in the bank. But we are saving money on crypto because we know that there is a huge market price increase in the near future and we do only hold and could not day trade so sad.

I do not think so, I feel Fiat can oppress Bitcoin, the first reason is Bitcoin still depend on Fiat (if there is no Fiat then Bitcoin no one invests), the second reason is Bitcoin is still considered as investment tool instead of currency (thus Fiat is still can play Bitcoin users)

Quite a strange comparision. Guns are invented for self-protection (from those who are criminals, mentally ill people etc). Of course sometimes police officers are brutal enough but still...Bitcoin can be seen as a new kind of currency that are free not only from banks but also from regulating in general, from wasting time...

Very big difference my friend. Dont see any relevance with what example you gave. We still have Gold and silvers to protect us from the catastrophic effects if in any case something get wrong with the FIAT. I dont know why people have started to think about the crypto currency a lot in todays date as there was Gold rush before and now they rely on the crypto's straight. Putting too much trust over the crypto and its still in the ambiguity whether the regulatory acceptance will come or not.  ???

Good analogy. It makes sense... Even because governments are always trying to implement gun control politics, also always trying to implement regulations over Bitcoin.

Their strategy: To use fear against people in both cases. To make people fear guns, to fear Bitcoin, so the government can control/regulate anything easily, without resistance.

Yes, you are right. Bitcoin is the key to freedom for society from government and bank pressure. But for bitcoin banks like rebellions, banks are always trying to take advantage of deposits but bitcoin is not, bitcoin pumps their money who wants to invest or trade. Bitcoin also frees people from taxes, though for now many governments are willing to legalize bitcoin but that does not mean they will remain silent without taking advantage.

what happens when you dont believe fiat currency you use has any backup?

what if I told you government exists only as long as you believe you need it?

everything is faith, BTC is as real as anything else

It's a good analogy. You can make a good use of guns to protect yourself or you can make a bad use of guns to attack others for stupid reasons. Same goes with Bitcoin, you can use to protect against scammers trying to steal your hard earned wealth or you can use it to damage others. Always make a good use of Bitcoin and of your weapons and you'll be ok.

Of course government may not find the analogy correct if it's on their interest. I think the only reason US allows weapons is due big deals with rifle association not because they care about their citizens defending their homes.

Thank you for the explanation.  It really helps the ones who are interested in Learning about Bitcoins. Am interested in Learning about bitcoin and Crypto trading, So I think this forum would be a great resource for me.

As far as I know for this time American government are not even close to accept some cryptocurrencies in general,  so it is way too soon to speak something like that.

at the moment it can be regarded as it can protect us from banks but as soon as people like some that we see today wants to take the control of entire btc market than things take another level.

Indeed, one of the purpose is to  defend from they own government. But i agree with you, repressive governments don't allow their citizens to have weapons

I never find bitcoin to be same as a legal gun, because bitcoin is something virtual which is successful upon the technology growth. Why I differ from others opinion is that, gun got innovated for the purpose of defeating and for war. Bitcoin got innovated for good deeds of eliminating the intermediary service who were the one who swallow the people's hard earnings.

It sounds pretty cruel,  but something is in it. So I cannot say that I agree completely but I can say that government would be more aware of people working at cryptocurrency if they will have some rights.

BTC can harly oppose bitcoin as bitcoin itself need fiat currency in many places. I appreciated what those legal guns are doing.

The government has tanks, gunships, drones and artillery. How do you think rifles can match up to those?  :) Why do some people here are so paranoid about governments? Wanna end up like Somalia? Bitcoin and paper money can coexist. Banks will incorporated cryptocurrency into their system. Everybody wins.

First is i don't think that the government legalized guns so that citizens can protect themselves from the govt.
Bticoin  do protect us from fiat and its undervaluation and control of the government. But it was not made to be this fiat replacement or go against fiat. it was just made to be a new form payment method.

1. What do you mean "not made to be fiat replacement"? What do you use BTC for?
2. I never said BTC is actively taking actions against fiat, I said it is a tool for protection against fiat vulnerabilities.

It is also with fiat and the Government, do everything possible to make Bitcoin destroyed. Surely the government will pay a huge tax. Like Bitcoin, Bitcoin was created because to avoid banks. In fact, it is not the same issue, because Bitcoin needs Fiat as a bridge to be able to trade from users to other users. Bitcoin is not misused and there are many misconceptions about bitcoin. But if the base accepts bitcoin without converting bitcoin into fiat money it will be great. Some people may also say that it can save money from banks if we save money electronically but actually in the Philippines here is expensive because of higher local exchange rates and expensive Much more than saving money in the bank. Thus, there can be a big difference in saving money in crypto and in banks. Quite a strange comparison. Of course, sometimes police officers are ruthless enough but still ... Bitcoin can be viewed as a new currency not only from banks but also from regulators in general, from time wasted ... It has Meaning ... Their strategy: Use fear for everyone

Bitcoin is created because to avoid banks. In fact, it is not the same issue, because Bitcoin needs Fiat as a bridge to be able to trade from users to other users. Bitcoin is not misused and there are many misconceptions about bitcoin. But if the base accepts bitcoin without converting bitcoin into fiat money it will be great. Some people may also say that it can save money from banks if we save money electronically but actually in the Philippines here is expensive because of higher local exchange rates and expensive Much more than saving money in the bank. Thus, there can be a big difference in saving money in crypto and in banks. Guns were invented to protect themselves (from criminals, mentally ill, etc.).

Damn Yes,Bitcoin was created to protect us from banks not just alternative to the paper money because we are working hard make money but in some years the value of the money got decreases so we are at same stage of living how we are before even after we earned some decent money through our hard work so people have to adopt to the crypto currencies if they want the decentralized money.

Bitcoin can be viewed as a new currency not only from banks but also from regulators in general, from time wasted. Even when the government always tries to carry out gun control politics, it always tries to enforce the regulations on Bitcoin. To make people afraid of guns, to fear Bitcoin, so the government can control / regulate anything easily, without resistance. Bitcoin is the key to freedom from the government and the banking press. Bitcoin also frees people from tax, although many governments are now ready to legalize bitcoins, but that does not mean they will keep quiet without taking advantage.

Yes Bitcoin protect the people from oppression of fiat that controlled by government and central bank. That is why until now they want to delay the adoption of blockchain technology. Now they find ways to regulate Bitcoin on their favor.

therefore bitcoin is very difficult to be accepted by the government and banks, because with bitcoin authorized by the government, customer customers in the bank will definitely move to bitcoin, because bitcoin is very promising results

I  believe the philosophy behind bitcoin was to give financial freedom to people so they are not exploited by the banks. The banks have really worried most individuals by charging huge sums of money as transaction fees. The dream of getting protection from the banks would become a reality when many begin to appreciate the world of cryptocurrency.

I am believe bitcoin different than Fiat money. The different is bitcoin already have fix supply but not with paper money, its always supplied by central banks with unlimited number. But i dont think bitcoin can replace fiat money but i do believe Bitcoin is new economic system and its revolutionary system