Bitcoin Forum

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

This is because of its decentralized structure. However, there are some differences between democracy and not being the center of economy. Democracy is all about administration. It must be a matter of choice. I think we can give Bitcoin an example of democracy in economic structure.

I agree, although I think that what he might be saying is that decentralization of bitcoin is an example of democracy. Because it is not regulated by the government or any rulers, the users do not have to answer to them, and can use the currency however they want. Furthermore, the transaction is faster than traditional banking or payment systems because there are no third parties. At least that is how I understand the post. I could be wrong, though.

Yes I would like to call it financial democracy, in democracy people are free to chose any govt so as in Bitcoin structure people are free to do financial transactions w/o any third party involved due to its decentralize structure. I see it as tough competition to financial dictatorship controlled by big financial institutions.

I agree with you, bitcoin can save our finances from dictatorial economic power. they cannot control bitcoin.

Decentralized systems make them give up and stop controlling our economic cycle.

I agree with this. with the existence of bitcoin every society has the freedom to determine the storage of their assets without any government interference, besides that Bitcoin is free of state tax.

I agree that bitcoin is free and for ordinary people but it is not simple that only ordinary people can be in the crypto community and like now the big investors have buy bitcoin for future while the other stock holders are now holding a very good amount of money they have and mostly ordinary people work for bitcoin so they make money with that fiat investment has also came into the crypto world and it is also a free democracy because in this every one is free from other people control.

Democracy. Big word.

Yes on the outside you can see that kind of application of a government. But on the inside it is really dictator.  We aint free. No one is. When there is a government no one will be free.

I would not compare democracy to the creation of bitcoin. Yes bitcoin is free. Let it stay that way and not become in control of a government or a certain group.

The right of every holder of bitcoins is an example of true democracy on the blockchain and in the field of  p2p remitance service. The freedom of transactions bitcoin give in a decentralize network is a good example of democracy.

I don't think bitcoin is an example of a democracy since 99.9% of the coins are held by a handful of people. Its democratic in the way maybe its run I.e. the main functionality as in operated by people/miners/investors

Yes i'm totally aggree !
Decentralized is the true democracy and the government who againts bitcoin are the one who afraid that they can't dictate us anymore !

I agree ... Bitcoin is trying to revolutionize the next financial world by turning it into pure digital decentralization. Changing the concept of a currency is no longer printed by a country. No longer guaranteed by anything. But guaranteed by the users themselves. Price system based on supply and demand. This is a real democracy.

I can say bitcoin exhibits true democracy only to the point of consensus, but in other aspects of the coin, it's pretty much anarchy if you ask me due to its decentralized nature and absence of a central authority. The choice/democratic part only happens when a fork is imminent, and most of the time, everyone is minding their own thing while taking the same goal: solving blocks and processing transaction in exchange of incentives/rewards or validation of transactions relayed in the network. Being free from the constraints of bank and governments on your own money is more of an anarchic nature rather than democratic.

I agree with you on this but this democracy that you are referring from when it comes to transacting online anonymously was being abused by some people. Some used bitcoin as a means to launder money or even purchase illegal stuffs. That is why the government is really making regulations for us to avoid such crimes that is so rampant nowadays.

What? Where does it say that for a democracy to exist the money must be controlled by government. Democracy is where every person, rich or poor, smart or dumb, has the same vote and the same influence over the path taken by the group. This group can be a small society, a village, or a whole country.
We can have a democratic society without a treasury. The most important part of the system is not money, but the involvement of every member of the group.

Bitcoin would be something like that if each user was mining. This way each of us could decide if we want to mine this or that block, but how many of us, users, are really mining? 1%? How many run an updated full node? My full node is at 205 GB  :-\

I do not know what you mean by "True Democracy" so I cannot really agree or disagree. What I know is that Bitcoin gave the people the "power" to choose a payment system without anyone blocking or interfering their transaction.

Exactly, democracy means that people have right to choose and Bitcoin definetely gives you alternative and choice.
The problem is that people often mix democracy with anarchy and that everyone can do what it will without any rule and that isn't true. That is why I see that some think Bitcoin should be without any rule and they mix centralization with regulation so sometimes we have quite a mess when it comes to freedom that Bitcoin actually represents.

agree, by not interfering with organizations that are trying to control the world's finances, I think the existence of bitcoin is very helpful for everyone in conducting democratic transactions, we can also feel unique features when using BTC as a transaction medium, such as cheaper fees, transaction speed faster, simpler, and can be done anywhere

Wonder where you got the figure of 99.9 % ? We are talking about the fact that mankind has suffered hundreds of thousands of years from taxes and control over the financial flows of each person. Now people themselves can manage their own finances and to their business did not climb people who have nothing to do there. In some countries, the word "democracy" means nothing and it is sad, but bitcoin makes the world a better place. Bitcoin is independent and people use it so people become more independent too.

Bitcoin is indeed an innovation that is capable of managing personal assets without the help of other parties, all of these are managed independently and will be a good opportunity in making good decisions.

The user does not need to answer what he says that the decentralization of bitcoin is an example of democracy because transactions are faster than traditional banking or payment systems because there are no third parties because they are not regulated by the government.

I think bitcoin is the kind of money that expresses the desire for economic human rights. One problem that we are never satisfied about is the government's management of money and inflation. It is good that bitcoin has a finite number and it can not be printed as much as paper money

Yes, Agreed, Bitcoin is an example of Economic Democracy and Freedom. And due to it's decentralized nature, Bitcoin can literally free us from government spying and control.

I think that the term of true democracy is a difficult one but as for me btc can be called like this and can be such example because it is confidential and can provide its users with the anonymity

Democracy refers to freedom. We all have freedom but it doesnt have absolute freedom where we can do whatever we like to do. The same as with cryptocurrency we are all free on what to do but things have limitations also. There rules that has been set for the betterment of the community of cryptocurrency. so bitcoin does not imply true freedom.

and there is. Bitcoin gives us the freedom to which we aspired all the time. I believe that in the near future we will see how most people will support cryptocurrency and Bitcoin

Yes it makes us free from some value added tax when using it as a payment method. Until governments want to regulate it. Not an absolute democracy since they limit its potential by like I said, regulating it. The holders should fight for its pure decentralization since for some several years its "democracy" will slowly lose its touch.

I think bitcoin is not right example of democracy because all we know that the real meanubg democracy is freedom. And all the power is on netizen. But in terms in bitcoin all we know that there is no one have a power. Bitcoin has no power even in a legalization talk. I think we can compare bitcoin in democracy in terms of unemployment and poverty. Bitcoin can make us free and far from unemployment and poverty because bitcoin can give us an income. So in that situation we can say that bitcoin is an example of democracy but in a literal comparison as examole I think it's a NO.

Democracy is truly a very broad term which could be used in a thousand of ways to support or refute what Bitcoin is promoting. However, as for me, I would prefer to stick to the fact that democracy represents the majority. And the majority is a representation of a desire to emancipate themselves from the claws of the rich and the powerful few. Bitcoin is on their side.

While one can say to a certain extent that bitcoins does represents democracy, but I would not say it represents 100% democracy. In case you have forgotten democracy stems from a centralised figure or an institution, bitcoin in it's nature is a decentralised currency. It's true no one controls it, but when it comes to a fork there's not much of a consensus which leads to infighting, and everyone wants to control it, hence I say bitcoins represents partial democracy which I feel is good for it's growth.

Exactly so, that is the purpose created by Bitcoin. Bitcoin was born to serve the Blockchain technology, which has special properties and is much more convenient than traditional coins. The decentralization is the most special. In addition, Bitcoin deals quickly and tax is less than traditional deals.

Bitcoin really is a democratic currency since we trader, user, holder and investor are the ones who's responsible to its price. The decentralization of bitcoin made the people centralized and so the government are sort of against with it. But since we are being governed by different sectors bitcoin just a means of payment and no one can really say its universal currency.

too bad bitcoin are not scale able. eventually bitcoin base economy will hit the ceiling. by the time bitcoin become scarce. whoever own the most bitcoin will become king. it will set us back to imperialism age. 

When we use fiat, we only have some papers which their value is determined by governments and central banks. We are not owner of money. Banks can easily block our accounts. So, what you said is right.

One opportunity in managing personal assets and bitcoin gives this to all holders so that they are free to decide on transactions. If in a bank, they manage our deposits and will be subject to taxes and deductions that may be a burden on us.

Bitcoin It's a great example of democracy but I don't think everybody opinions are always right. You should take in mind that worlds wars happened because a majority of people in some countries agreed with an idea.

Well, since Bitcoin is decentralized, I guess we can call it a democratic form of payment between two individuals or entities without any third party. A great vision conceptualized and materialize by one of the greatest minds that have ever lived! Bravo to you Satoshi!

Bitcoin is very transparent in transactions because you can do the whole thing easily and it can not happen fraud. Everyone can use so everything becomes equal to Bitcoin. Bitcoin does not have too many rules and personal anonymity to help users secure their identity.

I think that this is because of its decentralized structure. However, there are some differences between democracy and not being the center of economy. Democracy is all about administration. It must be a matter of choice. I think we can give Bitcoin an example of democracy in economic structure.

bitcoin exemplifies the element of democracy to its users in terms of freedom in controlling price movements when rising and falling to make transactions without third parties and the nature of their decentralization

I like how you think man, yes bitcoin has been a blessing for many people from all over the world including for me, and it has been a source of wealth, a form of payment and assets for many others and also a form of saving money. (And for me having money it is having freedom)  It has become  the universal currency in short time  and I am pretty sure that those countries that do not accept it sooner or later they will

Yes i agree on that bitcoin is really a true example of democracy we can really have time freedom and we can also have financial freedom through the help of bitcoin. Bitcoin is really becoming more great day by day. It is the most amazing coin that is really becoming more trend due to its amazing price and features.

I do think that Bitcoin's business model could be viewed as a version of democracy, but it's also hard to make that comparison when Bitcoin is only accessible to certain people. I think Bitcoin could have potential to represent true democracy if somehow it was made accessible to more people.

I agree with this that with the existence of bitcoin every society has the freedom to determine the storage of their property without any intervention by the government, besides that Bitcoin has no state tax .

I dont think so because bitcoin is a decentralized currency in the country. How can I compare it to a democracy does not really mean the same as democracy declares that it's an economy in administration, while the bitcoin is a digital currrency in economic cryptocurrency in the country.

very much agree with the views you give. With bitcoin we are not trapped by the rulers in the government. Leave Bitcoin like this, because it is very helpful and makes it easy to transact safely and quickly.

I disagree.

BTC was created to make early "miners" very wealthy. I write "miners" with quotation marks, because early coin mass-harvesting can be called "mining" only with a huge concession.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

BTC mining is a clear pyramid scheme.

About the taxation, it's yet to come. I doubt that governments will leave this just like that. Moreover, some countries have already applied taxation to btc and crypto assets.

If it is symbolic then yes, but bitcoin Market still dominated by capitalist. Democracy should not harm any individual, but till now many people loss their money in bitcoin investment due to the playable bitcoin market in early stage of adoption. Bitcoin is not the best currency but atleast it is faster and traceable unlike fiat(paper money)

Your absolutely correct sir, democracy is not only for the human it is also applicable for generating income in any different aspects. like the people free for everything as long the will not commit crime they are always free. this is similar for the said subject you build your own business without any collaborator you are free to invest in your own way. that is the good effect of bitcoin you can earn a lot of income with your own and of course you gonna loose sometimes during the time you don't use your good strategy but at least no people can blame you if this gonna happen.

I agreed to what OP said because bitcoin posed the ability of giving each and every man equal right. It also collect the power from the government to each and give to every individuals which is the reason why some of the government see bitcoin as a threat to their office.

I think bitcoins are to centralize to be that thing that can truly bring democracy to the world, most of the bitcoins are hold by a very small group of people and a even small group of people are controlling the mining of bitcoins.

BTC's payment and transfer are done by the miners of the network, so that everyone is involved in the management of BTC!
A decentralized payment system that does not depend on any intermediary!
This is a very democratic thing!

I completely agree with you on the concept of bitcoin. The idea was to economically empower the poor and the unbanked. Bitcoin is such that anybody can have access to it and there will be no third party involved thereby making both parties to lose money through a service charge to the third party. Bitcoin is really an innovative concept.

Decentralization makes a lot of people targeted by bitcoin, because the bitcoi price continues to increase from year to year. Hopefully you could buy it before the price soared.

Yeah that freedom for everything including financial transactions without intervention from anyone is a right for everyone. cryptocurrency provides an example, that democracy really happens in crypto, everyone is free to choose whom they will transact, how much is the fee should they spend, and many more. absolute democracy in the economy is in cryptocurrency

True democracy specific to the financial system but not as a whole obviously bitcoin is not regulated by any banks nor governments hence giving you that so called democracy on your transactions and investments with Bitcoins.

To be honest, Bitcoin is still in its basic phase of development and hence it will take some time to evolve it as a stable payment system. As of now, we are able to use Bitcoin as a payment system but not everyone is accepting Bitcoin at this stage and hence we have a long way to go. I would say that the users who know the real potential of cryptocurrencies are the kings of this system because the sole aim is to distribute the power and control.

yes i agree with bitcoin is the currency that can be used for anything from the blockchain system, but id ont know about the democracy so i can't give my opinion about it

I think this has been very far from discussion about blockchain,
bitcoin and democracy. in fact we often say that bitcoin is part of assets. this discussion will have no effect on any effect and this is only your assumption

I agree that Bitcoin is created mainly for ordinary people. But in my opinion it was created by reach people to raise more money. Payments in bitcoin is not anonymous, because you can track the transaction.

But you cannot track who owns this or that wallet address. This is anonymity. Of course, special services can find the owner of the wallet, but ordinary people are not able to find out information about the owner themselves.

Politic and Finance are"t the same thing. Democracy is about to share the power by voting between all citizens. There is no politic inside your bank account. If you want to say to have a democracy in the current banking system, then you can always use an offshore system at any time.

We could think about as a form of governance, or a value system, an on-chain decentralized autonomous organization. While cryptocurrencies are supposed to give us the decentralization there is still only 1 entity taking the decision for a project. Where is a democracy in Bitcoin? An example of a crypto with a decentralized autonomous organization  (Horizen https://bitcointalk.org/index.php?topic=2047435.0)

how can you say bitcoin is a democracy?
now we have been discussing deviations from technology, blockchain, crypto and digital.
I think there is a lot of discussion material for learning, knowledge and insight.

That's the ideal, but it can only be a reality if everyone has access to its use, and everyone can use it safely and easily. Still not user-friendly..

I think bitcoin does not relate to democracy, it does not involved third party simply because it decentralized. I really believed it help the less privilege to earn their living even beyond expectation. As it sever as the most payable job nowadays in terms of Investment, Trading and Bounties. But it has nothing to do with politics

I personally prefer to see bitcoin as the true form of capitalism, what we have now around the world is not capitalism, what we have is a bunch of people that obtained their fortunes and that are trying to fix the system to remain in positions of power, while it is obvious that there is some level of manipulation going on in bitcoin at least there is a limit to that manipulation.

I'm reasoning and there is no suggest ! I mean, Bitcoin gives people the freedom and the right to choose what is part of a democratic society !

      Yes, I share the same opinion with yours. The investment in Bitcoin is an alternative to FIAT money trading. This is due to Bitcoin's decentralized structure. Bitcoin gave people a unique payment system, which no one expected, and probably most banks do not agree.

Bitcoin was a concept for ordinary people to have access to funding anytime they have a need. The P2P transaction actually makes some money available for both parties which would have been used for the settlement of the third party. So saving what would have been used to pay the third party will be some kind of empowerment.                       

Bitcoin is a sign of true democracy because it gives one financial liberty from the power of the government .

Bitcoin frees people from controlling your personal money from countries in the world. It shows the true face of world democracy and frees us from dictators who think they are the rulers!

Sorry to bust your bubble but BTC right now is being manipulated and controlled from billionaires that want to make even more money. It's sad and a total disgrace to Satoshi's vision.

Yes, bitcoin is decetralized and uncontroled by goverments, ordinary people can use it, that is why it is an example of true democracy

Right now, I wouldn't say it is "true" democracy. The usage of bitcoin and other crypto currency are still influenced by some group of people. Even the whales can manipulate the price at their own will and can cause turn of events whenever they like, since people fall for them. People still have a lot to learn about and the current scenario has a lot to develop.

Sad  to say but the state will always find a way to control us. As long as we use fiat currency,  we cannot scape  from their control in our daily transactions.

Not yet, bitcoin should be spread evenly first. We are think that bitcoin is an example of true democracy because there is no central authority that print or control bitcoin so the price will not decrease. But actually bitcoin price still be manipulated by whale, you can see the price that very volatile right? But the trend of bitcoin price is good. If you look at the widest timeframe, the bitcoin price chart will indicate that bitcoin price will rise in the future. And when the liquidity is higher then we can say that bitcoin is the true example of democracy.

Unfortunately, I can’t equalize Bitcoin with freedom and democracy because there are good reasons to suspect that its course often depends on a narrow circle of very wealthy people. Until Bitcoin is free from any influence, it will not become a democratic financial unit.

Bitcoin represents justice and democracy, and everyone can own and use it. Bitcoin does not discriminate who owns it, and it always helps its owners secure identity in the transaction. This is one of the advantages of Bitcoin, and I believe that one day soon it will replace the FIAT.

yup this is a future financial revolution offered by bitcoin from the beginning, decentralized transactions, independent individuals, anonymous users and the transparency of every transaction. I agree that this is true financial democracy, although the application is still very difficult to be accepted by the global community, but let this process develop gradually.

I know what you mean about linking bitcoin with democracy. I mean, using a decentralized system will certainly give society the power over their money and assets. Technically speaking, the creation and use of a virtual currency will distribute and devolve most of the controlling mechanisms of the traditional financial system, thus giving us freedom and control. But democracy will still need leadership, correct? Perhaps we will need some level of regulation or acceptance from the government?

Yes, Bitcoin and decentralized blockchain technology is a blueprint that gives back financial power to society. If we have learnt anything at all from the 2008 financial crisis, Bitcoin is simply a pathway forward.

I completely agree with you. The decentralized structure of Bitcoin gives financial freedom from governments and banks. It is a unique payment system that eliminates intermediaries and reduces transaction fees. Bitcoin gives people full control over their funds.

We are lucky to have realized this as early as today. The majority of the people doesn't fully understand yet the true purpose of bitcoin and why does it exist. Time will surely come when those people who have feared something they can't understand,  they will realize that they missed another opportunity.

because of it's decentralized nature, Bitcoin can bring true Financial Democracy to us, but for that, we need to use Bitcoin more as a currency, not as an investment.

You spoke very well.



yes, I agree


as I said, I do agree with your words, but we are still stuck with corrupt governments and politicians and the damn banks.

I'll give an example of my case:

In my country the government controls everything, they approve laws that only benefit them, banks only create rules for the poor to become very poor. for you to have notion, is extremely difficult to buy bitcoin in my country, is extremly difficult to use bitcoin in my country and we are in a very low level to the point that we can not make purchases online, it is very difficult to make purchases in paypal, this is because the banks place limits on people's accounts. I hope things will change a lot in the future.

in the long run, of course now people who invest in it need a lot of capital so they get a lot of profits and it is certainly not easy or too much thinking first to plant shares there.

We think that the future of cryptocurrency is very bright, that is why we use it in all our projects and develop different projects to enhance it. We see significant developments and great innovations as applications of the blockchain technology made huge impact in todays world. But in the same moment these developments still have some issues to settle to have it work to its full capability and majority of the new projects coming to this market try not only creat something new, but also build good system of product and service.

I quite well agree with the fact that Bitcoin was created for masses to free them from the shackles of financial slavery. But I fear the whales are doing all they can to bring down the price if Bitcoin rather than allow it follow the natural course.

I think, bitcoin was not created for promising to people democracy. The first aim of creation of bitcoin is to give freedom to ordinary people by providing a decentralized system to control their savings but rich people take it and convert it to a profitable thing. There are so many inventions turned into such a monster just in a few years. We'll see what is going to cryptos...

In terms of bitcoin financing, it is fairer than fiat money, because nobody can intervene including the government. So the price of bitcoin is made by bitcoin users themselves. While in terms of bitcoin democracy it is equated with representing civil society because it does not depend on the banking sector as the executor of financial transactions.

DEMOCRACY is ..

Two wolves and one sheep, making a dinner menu plan.

BITCOIN is one wolf 'bitmain' and a million HODL'r sheep being led around like border-collies lead sheep at the country fair.