Bitcoin Forum

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Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

Yes, it is.


I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.

that's a professional understanding in the era of globalization and an era full of technological systems, where everyone can do it themselves wherever they are, the bank is in their hands.

In the 71st century gold was only owned by certain people as well as banks, only certain people knew the bank.

Not with Bitcoin, in the 21st century everyone can save Bitcoin and get to know banks, including the lower and upper classes, a good and appropriate step, if people currently have their own bank that can operate in their respective homes with the balance they have is Bitcoin.

Historia est Magistra Vitae - which would mean that history can teach us some lessons to not repeat the same mistakes again. They (the government) can do whatever they want, especially if the majority does not oppose it - and in the past as well as today, the majority is still quiet and obedient.

As long as that doesn't happen, nothing will change for the better - and when it comes to Bitcoin, many who have not yet realized that owning private keys is the only real way to really have complete control over their coins might be unpleasantly surprised if one day some new Nixon freezes the crypto assets they keep on exchanges.

For me personally, it doesn't mean anything even if a country declares Bitcoin illegal - then it will only show that it stands on the side of countries like China where human rights practically do not exist. There will always be countries that will remain free, and everyone will have the opportunity to change their place of residence.

It's actually hard money and more real than opaque, centralized and "privately" run fiat currencies. Anything can happen with fiat and the public won't know due to weak transparency

In regards to the gold part , I believe not everyone listened when people were asked to deliver their private assets (they worked hard for) to the bank.  So you disregard such demands unless you stole the money or you don't own it(owned by Ceasar with images of Ceasar?) ... That treatment is even bad for slaves.
Luckily, Bitcoin is not owned by anyone, and no one can take it away from you unless the taker is a robber.

They can't tax what they don't see or know of. Governments wouldn't have anything against you owning bitcoin as long as they can take 10%, 20% or more whenever you make a transaction. The problem they have with bitcoin is that they don't know who owns those strings of letters and numbers on the blockchain.

We have already reached that point where Bitcoin is illegal in certain jurisdictions and it can only get worse. I am afraid that the Chinese solution to bitcoin mining could spill over to other places, even those we consider far more developed and free.

I wouldn't disagree to your statement, op! Bitcoin has indeed given us the power to own our finances without going through an intermediary. That's why banks have always tried to demean bitcoin through whatever channel they have. I still receive weekly update emails from my bank where bitcoin inevitably makes appearance but in a negative way!

So yes, a lot of countries will try to ban it in near future. But fortunately, bitcoin is way beyond the reach of the state power. Sadly, many governments don't understand this fact yet!

I think both of them aren't real, we both put an intrinsic value to these two things it just so happens that bitcoin is much better than fiat so we end up saying that bitcoin is much real than fiat.

This was a stealing indeed. It's illegal to buy and mine Bitcoin in some countries already and i think that's the main reason why. And cases like El Salvador's really gives me hope.

AFAIK,Nixon stopped gold/USD trading at the fixed price of 35USD per troy ounce and imposed limitations of gold ownership.Those limitations were temporary.
The US gold standard was dumped,because there was a high level of inflation in the US in the early 70s and the Federal reserve didn't have enough gold to cover all the gold purchase orders coming from around the world.


Thinking that Bitcoin is "more real" than the money in the bank seems kinda wrong.
Are the Bitcoins that you keep in an online wallet or a cryptocurrency exchange "more real" than the fiat money in a bank account?Nope,I don't think so.A crypto exchange can steal your coins or go bankrupt.
Bitcoin is "more real" than bank deposits only if you keep your BTC in your cold wallet and you keep your private keys in a safe place.

It's already being done by some countries and they're banning bitcoin. But there are also countries that have been considering lifting the bans that they've made and actually some already did too.

Bitcoin isn't just money today but it's also an asset that cannot be controlled by the government. If a government is against to it, they can impose ban as quick as they can which can be done by biggest countries. But the wisest countries are embracing and adopting it.

Bitcoin's value increases due to its adoption, not to its scarcity. If none of us used it, it really wouldn't matter if they were 21,000,000 or 100. The fact that it can't be arbitrarily inflated and the demand increase its (market) value.

The difference is that Bitcoin isn't an IOU. Your balance showed when you login into your bank account isn't fiat. It's an IOU.

After reading the 1933 news paper, hell ya I would say Bitcoin is my escape plan for the life. Currently bitcoin has reached deep into the network at such complex that it's next to impossible for any Government to ban or to destroy it completely. This is what making it more powerful and government has no choice but to control it indirectly by means of putting taxation restrictions. It's gonna be little problem but it would be entirely on the user whether to convert the bitcoin into fiat or not and whether to file the taxes for the same or not?

This kind of freedom is what making bitcoin more powerful these days and people will slowly understand this theory in the near future when Government forces them to sell the bonds like this. Lolz.

the government also doesn't seem to be able to easily accept bitcoin facts in every country. this is purely political if you have to deal with the central bank. so we can wait there will be a time when the government starts accepting bitcoin and not always

i agree, government don't want this kind of money because it's out of their control., but in the future it will happen for sure because even now there are some countries that accept bitcoin as a legal tender, so how much more in the future.? Indeed they stopped gold but now it's different because bitcoin is unstoppable and the price itself is the key to force those government to make it real money as well..

Bitcoin is an innovative digital currency that's become popular with tech-savvy consumers, businesses and investors around the world, as it's unrivaled in its decentralization, public ledgers and ability to facilitate peer-to-peer financial transactions without going through a bank or payment processor. Bitcoin is in its infancy but many believe this cryptocurrency will eventually replace paper money.
A number of governments want to monitor the legality of digital currency, and ensure that such currencies are not used for fraud, money laundering, or terrorist financing.

It is unlikely that bitcoin will be illegal in many countries, but under some circumstances it may in some backward ones, where personal freedoms are already restricted anyway. Nevertheless, most countries will certainly want to monitor transactions, especially those to/from fiat currencies, and they will also want their share in the form of taxation.

By design, fiat currencies steal wealth away from people over time by inflation... this is necessary for the system to survive because the current financial system is debt-based.

We can see some similarities with gold and Bitcoin, and I won't be surprised if they make illegal to exchange Bitcoin for USD and other fiat currencies.
They tried to ban gold and force people to turn their gold to banks in return for some paper they say worth something, and they could do the same trick with Bitcoin.
Watch out that some big corporations and Rothschilds started to buy shares of Grayscale Bitcoin trust, and Blackrock with Vanguard own largest shares of Microstrategy.
Now they even have plan to make it hard for people to own Bitcoin in their own wallets in Europe, and make life even harder for exchanges.

That is why there should be more and more people adopting bitcoin, especially these merchants and marketplaces so that even if the time comes for the government to intervene to ban the conversion of BTC to fiat money as they did with gold before,  we have many ways to choose from how we use or spend Bitcoin.

As in the opening post governments can take any kind of decision to stop people from using bitcoin. Governments always want to keep the people within control, and being digital lets government have easier access in keeping everything under control. But, for some reason governments weren't able to keep bitcoin same as gold or other assets.

However, the government will always act to be a regulator and who wants centralization.  After all, only governments really want the current centralized financial system, even though crypto is developing, it is still regulated and thwarted by old-minded governments. Not all countries will accept BTC even now they are still raising the issue of CBDC as a crypto coin competitor.

The problem with this is that you can show all of this evidence to the people and they are simply going to shrug their shoulders and say that this happened long ago and that there is no chance that it is going to happen again, they seem to not realize that history moves in cycles and while the circumstances can be different the same events happen over and over again only to realize too late they were wrong, but at that point they can do nothing to protect themselves and their wealth from the maneuvers of the government.

that is stealing if they will also not let you withdraw your gold .
 the only way we can make use of our gold is to withdraw it in the bank and trade it for goods . thats more better than storing it in a bank and entrust it with somone else . i dont think that can happen in bitcoin but more countries now are accepting btc than banning it .
 money and btc both are real but the only difference is the ownership .

And unfortunately the owners of crypto assets, most of them are smart people who certainly don't want to be controlled by banks anymore. This desire is always fulfilled with many alternative ways to avoid government interference in the ownership of cryptocurrency assets. It's like the Tom and Jerry series, where the shrewd cryptocurrency community can't always be stopped from being chased by a rogue government.

in my opinion BTC is a currency no one can control that's why some governments hate BTC because BTC created for you to have financial freedom not being controlled by them. and they are not managed to collect any taxes or profits from the regular currency transactions they manage.

Simply put, Bitcoin is uncontrollable, whereas gold is easy to control. Bitcoin is not government friendly, while gold is under government protection, Bitcoin is stateless while gold is on state land. Bitcoin is anonymous whereas gold is not.

I wouldn't say it was only governments who wanted a centralized currency. In fact for as long as we didn't have reliable technology, having a banking system with centralized issuance of currency and regulatory oversight was the best we could get. We didn't have an alternative and for the time being it worked just fine in many countries. Now that we have the alternative a real discussion and learning process was set free and it shows that decentralized systems can have very strong advantages over centralized systems. As for the title of this thread, yes, the money in the bank doesn't exist while the Bitcoin you have to private key are indeed there. They can't magically disappear or be created out of thin air. 

What are we but another number for the government, and basically they can do anything to you wipe your bank account wipe your whole life, they are able to control everything, if you think about it and how the fiat came to be, it was first backed up by gold and than governments decided otherwise and they started valuing the currency as they please just because they are able to and they are in control, so in reality they are just selling us lies and forcing us to use their system that is corrupt, and that is why bitcoin is the solution and that is why they are against it.

The title had an authoritative message, I mean the delivery of the gold to the Federal Reserve Bank. I imagine the discontent of the time, there was no other choice if you wanted to keep a little of your gold you would have to devise some maneuvers. You are very right "Bitcoin is more real than money in the bank".

Today I felt sad when I went to a bank in my city, because I can see how people need to withdraw some money, especially older adults. It is an odyssey to withdraw some cash in Venezuela a daily average of $ 5.
Inflation is terrible. Sometimes I think that it is no longer worth issuing money because it only loses value in a year.
I hardly use paper money the bolivar only if it is strictly necessary.
The phenomenon of inflation has a solution and especially for impoverished nations and it is bitcoin.

I am trying to understand what you mean. Real in your perspective looks like "controlling it". I don't know if it is a proper term or not, but as Bitcoin is decentralized, it cannot be controlled by anyone or any institution. What the US president did in 1971 may be caused by an urgent matter, so we can understand it. This has a pro and contra side. The government can easily control national finance with a centralized system. But this also gives an opportunity for manipulation by the government itself. While for a decentralized Bitcoin will be difficult to handle by the government in an urgent situation. But it is more transparent for society. Both have advantages and disadvantages.

You can establish a financial freedom if you choose bitcoin over bank, because as per experience bank only took more interest from us instead of giving us bigger dividends. Some countries treat bitcoin as illegal, their government won't be able to regulate the citizens money and power over financial system will be lessen. Most leaders who hate btc, was having greediness that's why it's considered illegal.

The entire idea behind crypto currency and bitcoin is really frustrating to the government and banks. Formerly everyone keeps their money in the bank, a general idea of the banking system is that these banks just circulate money around and make profits From People's money.

How do the banks do this?
It is no secret that some of these banks are the big players in Forex trading world. They take your money and use it in trading, if you need your money (Withdrawal), they give you some one or people's own that was just deposited. It all works out for them because it is very difficult for everyone to need all their money one time, so these banks keep making profit.

The entire bitcoin and cryptocurrency system has taken a big blow at the banks and government as the money you see that you have in your crypto wallet is more real than the one you kept in the bank, because you can see the exact figure and while your money is safe, you are still in complete control. So yes, bitcoin is more real than money in the bank.

Actually Bitcoin is already Illegal in some countries already mate meaning they are threatened because of Financial power of the people than Gold and Fiat.
Lets give them the benefit of the doubt mate as many of them does not understand what is bitcoin and what can help give this to them.

Actually it is the government is hindering this from happening because they don't want people to believe and trust this because of same reason as OP mentioned.

Stealing might be an understatement, if the people were forced to take their most priced possessions to the bank and blocked from getting fiat,this is actually day light robbery!

Bitcoin is financial freedom, what you see is literally what you get, unlike fiat which could be just numbers reflecting on your account but should you want to use your money the bank can bar you from using your own money which makes crypto the best option by miles.

Just because they can manipulate the flow of the market they wanted to exterminate it by all means. That's why from time to time we see some of the countries that have some greediest governments have banned bitcoin without a second thought. If they are really sincere they could have just warned their people about the pros and cons of the investment than totally banning it without giving their people a chance to get some actual experience on investing in cryptocurrencies. Obviously, this is because they cannot control it and thankfully we have some other countries although small, but distinguished from those who have some negative perspective about bitcoins.

I don't dare to guarantee that crypto is more real money than paper money, but if.many people want to.adopt bitcoin as a legal currency, it.can be.equated with paper money or more real than paper money by.involving government intervention.in this, for now.there are still many things.that have not been.adopted by several countries.especially in.the process.of accepting.bitcoin, but if.this happens.then we can.make sure that crypto is more real than paper money

I think they are looking for new ways to ban bitcoin and restrict people from using bitcoin. KYC is their biggest weapon, I believe once kyc is effective on all crypto platforms the next stage would be imposing taxes on bitcoin.

The digital footprint will keep it in history how the government wants to control gold or anything valuable from society, I have publishers who complain because of high tax cuts but they will not be able to apply taxes on crypto. Bitcoin is a bank in its own right and there is no chance for governments to make crypto equal to gold.

That is the case that every financial asset has supervision of government and they can control it in some manner like it happened in past when they ask people to deposit all the gold bonds and coins with banks and people don't have a choice rather than submitting it to them and they could simply say it's for their well being and economy growth.But Bitcoin provides you freedom from all this and your funds lies with you not any third party have control over it which is why government fears it usage openly.The Bitcoin supply curve is going down and usage and prices corelate with each other and going upwards and scarcity of 21 million boost the prices along with adoption.It is an escape strategy from all these central restrictions of financial freedom.

This question could be really deepened. For example, who do I trust to save my money's worth? at the moment fiat, although only for the short term. Who do I trust to make transactions and save my money? clearly bitcoin. And since it is really so, that in some aspects cryptocurrencies are objectively superior to fiat money, central banks are taking out their CBDC, a digital substitute for cash, which is what cryptocurrencies get.

indeed this comparison is not a suitable answer to give a statement that bitcoin is more real, because this is only crypto but in terms of security it is very appropriate to admit that crypto has a very relatively high level of security compared to bank storage, because of this more stringent in terms of security, if the bank is very easy to break by evil people who intend to harm the user

In the earlier time Gold is the medium used for trading, exchanges etc, now almost many countries take over the gold as they know that Fait a paper money can be discontinued anytime in the future and it will be soon take over the digital currency or gold.

if.it is.to be more real it is.not that good, because bitcoin also still has many shortcomings.that are not.easily understood.by laymen.who are not deep.in the crypto world, maybe if.banks are almost generally used by everyone, even though their uses.are also the same.for storing.our money is.better as we save it as usual, but.if bitcoin can.be adopted.by all countries.maybe it will be more realistic.for us to say that bitcoin is.better than banks for us to save our money well

We shouldn't rule out the possibility that Bitcoin can be manipulated, it could be as well of course. Rich people could bribe the miners, just one example. Bitcoin is still important because it offers anyone an exit option from the system he or she is currently residing in. That alone has tremendous value and means competition to nation states.

This is true and the government will keeping fighting against the use of Bitcoin. The government are always looking for ways to control money and people's assets but now it's difficult for them to know everything about us and how much we have since bitcoin is not linked to the bank or identification system.

Having bitcoin on our own wallet is like having our money on our own bank. So its very clear that the government cannot have the full access of our own assets and this is the reason why they are all against with bitcoin and all related crypto transactions. As long as we have the private keys we personally kept, then thl be government has nothing to do with it.

However, this is a positive thing on our part but for the side of the government, i think this will be a big barrier in achieving fast adoption of crypto worlwide.

Bitcoin is real money, that's very true
because the medium of exchange that is currently Fiat is controlled by a group of people and manipulated in such a way to gain profit
other than that my opinion is the price of physical fiat is not equivalent to its value
fiat is nothing more than a piece of paper that is valued differently than bitcoin or any cryptocurrency that determines the price is everyone and the market

Most people do not know anything about the economy which is why this still happens, they think that the politicians know what they are doing and in a way they are right but not on the way they think, politicians take advantage of the position they are in to take advantage of the people, bitcoin is a direct response to this and this is why many politicians hate it as they see there is not an easy way for them to destroy it and with each day that passes bitcoin is getting stronger.

I would like to tell that bitcoin is not real than money in the bank because we always prefer bank as a secure transaction and saving purpose but in the meantime bitcoin is going to take part a role in the global financial world. Already a vast people are going to use bitcoin in the global transaction which is less time consuming and costly than bank. If we have a large amount of bitcoin in my wallet i can transfer it any time but in banking channel i have to maintain some procedure for transferring my fund. One the other hand if i store bitcoin in my wallet it will increase value automatically after increasing price of bitcoin. So i think bitcoin is more valuable than money in the bank.   

The thing that makes anyone interested in using bitcoin is anonymity, security and of course full control, this is not in fiat which is too dependent on the bank when making transactions. the other side that makes banks afraid of bitcoin, of course, is that there is no need for storage services such as administrative fees at the bank.

bitcoin is more real than fiat money but in my opinion for now, bitcoin can't be said to be better than fiat, because bitcoin currency, for now we can't make it to buy goods in supermarkets, even though we know now bitcoin is a very valuable asset and can bring profits which is very large, but bitcoin holders are not equivalent to people holding fiat currency, maybe in the future bitcoin can be equivalent to fiat..

I doubt anonymity is the reason why people use Bitcoin as Bitcoin isn't anonymous. You should know that by now! ;) If they were really looking for anonymity, they would rather use Monero or any other coin with anonymity tech implemented.

in.terms of security.we should.admit that bitcoin is.still very superior to money in.banks which is.not at all easy to break into by others.but for real money bitcoin is.still very far compared.to money in.banks, moreover.there are still many people who store real money in.banks.compared to storage as digital currency in.the bitcoin world, because they do not know about the current bitcoin world

Bitcoin is real till it has this wide range of support from the big tech giants and government. Once their agenda changes, the value will go down swiftly

It can't be denied that the Government doesn't want a decentralized market. However, many had accepted it, and instead, they give their support now.
But somehow, I have to disagree that Bitcoin is more real than fiat money because whether we like it or not, the majority are still using fiat money compared to Bitcoin as they give more trust to it. Maybe in the future but that still never gives a huge chance if the market remains volatile.

I don't quite understand what you are saying. What support from big tech giants are you talking about? MicroStrategy or other institutions buying Bitcoins for reserve isn't exactly supporting. JP Morgan called Bitcoin a scam but is now making bitcoin investment for their clients. Don't even get me started on pump and dump Elon Musk. El Salvador is the only government I know that has publicly endorsed Bitcoin.
I'm really confused with your comment. Are you saying if Bitcoin gets mass adoption it can then be manipulated to price zero?

Bitcoin is an illusion, a mass hallucination, so one hears. It’s just numbers in cyberspace, a mirage, insubstantial as a soap bubble. Bitcoin is not backed by anything other than the faith of the fools who buy it and of the greater fools who buy it from these lesser fools. And you know? Fair enough. All this is true.

What may be less easy to grasp is that U.S. dollars are likewise an illusion. They too consist mainly of numbers out there in cyberspace. Sometimes they’re stored in paper or coins, but while the paper and coins are material, the dollars they represent are not. U.S. dollars are not backed by anything other than the faith of the fools who accept it as payment and of other fools who agree in turn to accept it as payment from them. The main difference is that, for the moment at least, the illusion, in the case of dollars, is more widely and more fiercely believed.
Source ->https://gen-medium-com.cdn.ampproject.org/v/s/gen.medium.com/amp/p/5aef45b8e952?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16273210124085&csi=1&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fgen.medium.com%2Fyou-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952

In the old days, when buying any large appliance, everything was covered with gold.  It is not fiat as it is today, and soon it will be bitcoin and crypto.  While, the whole people are calling for advice before the Covid-19 epidemic situation is causing great damage to people, where is the bank?  Loan interest rate down ??  extension of maturity?  Lol, all my friends at the company I work with have withdrawn almost 70% of their money from the investment bank in bitcoin and crypto.  Yes, we may be unemployed but the initiative to our assets in bitcoin, the bank will soon be isolated!  In the next 5-10 years, the banking system is the most fragile entity.

Don't just say "yes it's safer than money in the bank". it's just a baseless statement. What is meant by safe is safe from taxes, safe from admin fees and safe from third parties, because the Bitcoin assets that you hold and store in your own wallet are only you who can use them. But some of the risks that bitcoin has of course you need to know. No one will guarantee that your assets will remain safe in bitcoin, if you lose your assets because of your carelessness, no one will be able to replace them or take responsibility. for money in the bank is still the responsibility of the bank.
Banks and bitcoin both have their advantages and disadvantages. we need everything. use all of them no problem

It is so sad if that will be going to happen to us. It is just like we have no freedom at all and it means that we have to follow what the government is dictating. We don't force the government to give their support but at least, they will let people have the freedom to invest in Bitcoin since this is not a scam thing that most people are thinking about. May the risk of holding Bitcoin is higher than we put money on the bank but we don't get jealous with that as we can also protect our Bitcoin if we want to.

Bitcoin has been seen way more better than fiat for a long time already. Not only it is free from taxes but whenever we invest our money in it, we have the financial freedom to do whatever we want to do with it. The statement that it is way more real than money in the bank may have come from the thought that it is much effective and convenient to be used whenever purchasing something. We are all aware how fiat is manipulated by the government, maybe that's why also. Bitcoin is decentralized that's why more people are starting to patronize it than the currency the government wants us to use.

It's more real because we know how it works! How it's being created and distributed, we know it can't be counterfeited! Everything is transparent! Simple and easy to understand! I will just repeat the question that we all heard many times: Who do you trust more, people or algorithm? I know I don't believe people, especially people who are in charge, with a lot of power in their hands!
In the end, money in the bank is not your money, it's theirs, and they can do things you don't like... while Bitcoins in your wallet are yours, you can do what you want with them!

I will not go with your point in this view, I have my money and I go save it in my bank account. I was credited I know the amount that is present in my account and cannot be tampered with unless they deduct their bank charges. Both are real in contextual meaning but can you see bitcoin visibly. I have been on this platform for the past three years despite all the odds against bitcoin I know that it is real and worth taking a risk for.

The presence of bitcoin makes it easy for anyone to transact, a high security system makes us never worry about bitcoin, of course this will make the influence of fiat continue to decrease and I hope many e-commerce companies accept bitcoin.

After what WellFafgo did recently which they took off line of credits, more banks are also doing the same. What is happening in the finance is lost of balance and they are shaken by the existence of cryptocurrencies especially Bitcoin.

This is their last bailout as they say.

I think the money in the bank and bitcoin in the wallet are real, all transactions in the bank are always written, we can check anytime, even though there are cases of data manipulation but as long as the owner knows with their money then saving money in the bank is a good thing, because wherever we are of course requires a bank more than a wallet.

on the contrary, this security is highly dependent on the ability of each individual to store their bitcoin assets. in short, owning bitcoin is like managing your own bank, security and all things related to it are the responsibility of each, so if you don't have knowledge, strategy, and manage crypto asset security then it becomes very risky. on the other hand, conventional banks that are recognized by the government will certainly be fully responsible for the assets we deposit, only that we pay for them with our data and other administrative matters.
So which one is better? I think it would be wise if we just use both, because we can't be separated from the bank completely, the adoption of bitcoin is not too widespread so transactions using bitcoin are not always easier than using bank transfers.

Bitcoin is more practical than banks, because in most of the banks, your money are just sleeping and not growing that much compared to the crypto market.

If you hold bitcoin, its price varies more compared to the banks. As the market is volatile, your price can dance and you can predict it by doing some analysis.

These cryptocurrencies are much better to invest and hold than fiat in the banks that's the reason why they chose crypto over fiat.

Global corporate support for bitcoin is real, even many central banks are legalizing bitcoin, seeing this trend it is natural that we expect more from bitcoin, of course we will see that bitcoin can unify the global economy.

right, it's too early to think that bitcoin will replace real currency. although in the future it can happen, but many say it is possible in the long term and only as an alternative currency to fiat. therefore I prefer to invest here to get a profit later when the legalization and adoption of bitcoin is widespread, so I hope to get a big profit

The bank is centralized, everything in the digital world is reproducible, and the bank's central server manages your money. Bitcoin is decentralized and it cannot be copied. If you only have one bitcoin and you transfer it to someone else, you don't have this bitcoin. If you try to pay someone another bitcoin, the surrounding nodes will check and refuse to spread your illegal payment.
Bitcoin is a currency system operated by the Internet. It is controlled by all Bitcoin users. No one or organization can change the operation of Bitcoin. In the Bitcoin system, you can truly control your money, instead of indirectly controlling your money through the bank, which guarantees the freedom of private property.

Bitcoin is present by new modern technology and it is digital currency. In previous time people store there gold and money in bank and bank use it for its own benifit by schemes and loan. Bitcoin is totally different it is digital currency It is banned in some county for not illegal but for that people have power of own money. Bitcoin is digital bank and it is precious as gold in crypto world.

bitcoin is a digital currency whose price is basically unstable and money in the bank is clearly stable both have their respective advantages if you are in an investment position then bitcoin is the right choice but if you are a trader in the real world then restaurant entrepreneurs are the choice to save money You're better off at the bank.

To say definitely that this or that option is better, I’m probably not a person yet, but you can always make money on the fact that you can leave, which is why bargain in the forex field, I choose Amarkets broker, which provides maximum opportunities for good earnings.

Although bitcoin has several advantages and privileges compared to fiat and the system in banks, there are still many obstacles that cannot be resolved. ok, bitcoin is very potential for investment, for payments it is quite effective because it is not limited by space and time, but on the other hand, the use of bitcoin is very dependent on the internet, if the network is not available then you will face big difficulties. on the other hand, banks provide clear guarantees for your assets, even though we have to pay dearly with personal data and all our activities that can be monitored centrally, but at least if we are not ready to have a "own bank" with crypto then banks provide a better choice .
well, this is my opinion, there are definitely opposing opinions on this, it doesn't matter, as long as we can choose which one is best for us.

When Bitcoin can be exchanged with almost all currencies in the world, Bitcoin is no longer virtual.

BTC has long become real money, and countless hackers have also proved this.

I think Bitcoin is true of any paper currency I have seen. The paper currency itself is worthless and is said to be backed by gold. Do you believe it? I actually don't believe it.

Bitcoin does have advantages over banks, by owning Bitcoin, we can control our money as we please. And this is the advantage of Bitcoin, I agree Bitcoin is more real for us when compared to Banks controlled by the State.
Knowing and owning Bitcoin from this point on is a huge advantage for me.

I would argue that Bitcoin money is in fact more real. The reason being that inflation can destroy over night what you thought has some value to you the day before. We have seen that with hyperinflation where people needed millions or even billions to buy a loaf of bread. That is one going to happen when Bitcoin completely fails, gets hacked or attacked in such a way that trust will be fully destroyed. Other than that Bitcoin is indeed more real than money in the bank.

Bitcoin is a peer-to-peer electronic cash system that uses a decentralized and distributed accounting method to achieve open accounting.
Bitcoin uses decentralized distributed accounting to prevent tampering and uses cryptography to ensure security.
Bitcoin is scarce and anti-counterfeiting. Its total amount is fixed and limited, there is no additional issuance, and there is no forgery.
The bank's money is controlled by the government and the central bank. They can print endless banknotes and plunder your wealth without consent.

Of cause, that is the whole reason behind all these different Country Governments agitating against Bitcoin because they know that they will not be able to control what the people have and with that not in their hands, the people are kind of free or somewhat financially independent. I believe that with the level of Institutions and personalities involving in Bitcoins Investment nowadays, it will be a bit more difficult for the government to fully proscribe Bitcoin as illegal.

Agreed, only those groceries or markets that continue to rise in price. The only one that is increasing is the conversion of fiat currency. We all know it will not increase in value, which is why the government is announcing that they will raise the salaries of their employees because that is the only way the money will increase and be able to cope with the market price, which we all know is extremely high. Unlike bitcoin, which continues to rise year after year, this is fantastic.

In Bitcoin, we can truly control our own money instead of indirectly controlling our own property through other banks. In the Bitcoin system, we can better manage our finances. In banks, there is a central server of the bank to manage your money, but Bitcoin does not have this problem.

Well, you're still in control when you're money is in the bank, they're just there for safekeeping of the money. I think the people that thinks that banks are in control of your money are probably bad at finance management. Of course you have more control with bitcoin but I don't think that when it comes to banks, there's no control, probably their kafkaesque paper works but I think that's about it.

One of the reasons Bitcoin is starting to attract many people is because we are more free to manage our own finances,  without the need to go
through a third party. In contrast to fiat, which requires third party confirmation such as a bank to make transactions, therefore why the process of
sending funds abroad through banks takes longer than Bitcoin. Another thing is that Bitcoin value can go up if we hold it in a personal wallet,
while keeping money in the bank for a long time will only be affected by inflation. So I prefer Bitcoin to store my funds, instead of keeping it in the bank.

Of course, this is an interesting topic. Relatively recently we discussed it on Bitcoinvn (https://bitcoinvn.com) . I don't know how much it is disadvantageous for the government, but it is definitely disadvantageous for the banking system. You can even look at the fact that banks and the government are creating centralized cryptocurrencies. This is a clear sign that they are afraid of becoming unclaimed.

Bitcoin account is also a bank that has an easy approach to invest, trade, and withdraw. It had no limit of the border, It is a global currency and global trade and business. If all countries of the world implement a good system of taxation combinedly on bitcoin and solve its all legal issue, drawback. It will be a better step for humanity. It will promote the circulation of money and banking.

maybe what is meant here is more valuable than a stronger currency. Bitcoin is a digital currency so its existence only exists on digital devices, not real currency. but for its own value, bitcoin is fairly large, even being the number 1 coin in the world. if you choose to be a bank at home, bitcoin is very possible, because you can control it yourself without government intervention. plus bitcoin is said to be an anti-inflation tool because it is digital, this certainly strengthens that bitcoin has more value than ordinary money. Although some countries still prohibit the use of bitcoin as a transaction tool, there is nothing wrong if you choose bitcoin to just invest can produce.

Yes, right. bitcoin can be more real if you make a bank at home because bitcoin is not controlled by the government but by yourself. especially during a pandemic like this bitcoin is certainly an option for activities at home. bitcoin feels more real than money because bitcoin has more value than money. For example, bitcoin is said to be an anti-inflation tool and we know that if money is easily subject to inflation, this can be one of its plus points.

Bitcoin is more real and price quite bank money because the value of bitcoin continues to rise but the worth of cash continues to fall, the govt can control it because it sees fit bitcoin are often controlled by anyone. The investor can manage as he wishes the worth of cash will fall further within the future and therefore the value of bitcoin as an alternate method will still rise everyone will increase their use of bitcoin to urge more profit.

Some of them hate bitcoin very much and intend to stop bitcoin adoption among the public, because they realize that if bitcoin adopters grow this will make some people no longer trust the banking system, so they plan to launch their own digital currency (CBDC) that can fully controlled by a central authority to restrain the growth rate of bitcoin and other altcoins.

despite the lack of bitcoin, I see them as if they are blocking bitcoin because they are afraid of their current safe position, and because the government has the power so with their strength they are still able to hold bitcoin to achieve its basic goals. until eventually bitcoin can be used as an alternative payment, although with a note. but as time goes by i think btc will eventually get to its destination

Bitcoin is not real than money but it is more valuable than money because it is modern world and new digital currency is introduced called crypto and Bitcoin is more valuable than money in this time. If you store money in bank it not gives you profit but in Bitcoin you can invest and earn profit by trade it.

Bitcoin is more real than money in the bank bcoz it’s more valuable than money.Bitcoin is a digital currency to introduced crypto and bitcoin most valuable than money right now. If you trading or holding bitcoin it can make profit in future.

Well, I don't even know. Real money is that money or funds that you can hold in your hands and can exchange them for relevant goods and services. As for the same dollars, at the moment they can also be held in hand and can be exchanged for goods and services, so this comparison is probably a little wrong. Perhaps you meant something else, namely the trust and value of funds, in this case BTC, then it looks more like the truth, since trust in the dollar example is now falling in the world, and trust in cryptocurrencies and BTC is growing.

CBDC only applies to China and for other countries they haven't decided yet and are just planning.
even if it starts there will probably be repercussions whether it's serious or not. but what I want to emphasize is that even if CDBC is inaugurated will there be any guarantee for people to switch to it? because in terms of profit I don't think it's comparable to bitcoin.
and this is just a trick of the government in smoothing out their plans which I think there is something behind it

Analyzing between cryptocurrency and conventional currency at the present time it can be said that Bitcoin is more real than money in the Bank. The government controls a country's economy through conventional monetary and banking systems and intervenes in various matters. The money of the people kept in the government bank through the banking system is income tax and other through various laws revenue income is deducted. In addition, inflation reduces the purchasing power of money, which is not the case with Bitcoin. As Bitcoin is a decentralized cryptocurrency, the government cannot control it, so the government cannot use it against the will of the people if it wants to.

Yes absolutely right. I am living in country where only 10% gold of total fiat is present. If all people of my country want to exchange fiat for gold, Government cannot give them.
While in btc every person have full power over it and fully secure in wallet. Even his brother cannot find or check his btc.
Btc is fully decentralize money which is more secure than bank but Government not like it because they will not be able then to get tax from people.

If we take a look at the characteristics of bitcoin against fiat, bitcoin has been better than fiat from day one, the ability to make transactions all over the world with a form of money that cannot be confiscated and printed at will while at the same time is electronic in its nature is a huge step forward, it is not an exaggeration to say that bitcoin is probably the biggest step forward when it comes to money during the last one thousand years, so I understand why the OP thinks bitcoin is more real than the money you have in your bank account.

What do you mean by a "bitcoin account"? There is no such thing as a bitcoin account. If you are talking about a wallet, no bitcoin wallets are not a bank account. If you tried to learn about bitcoin, you would have already known that. Your coins aren't stored on your wallet. It is stored on the bitcoin network (blockchain) and you used your wallet (private keys) to access them. By bitcoin account, if you mean an exchange, then stop using an exchange as an wallet. Invest, trade and then withdraw to an external wallet where you control the private keys. And no, we don't want a "globally combined taxation" system.

Monetary policy changed a long way back, so governments are not considering gold as their only reserve funds which gave the freedom of printing as much as they want and only few people who are in power knows how much money is actually getting printed.

Sad truth, the government just want everything under their control, such a set of greedy people always in search of power, this is pure stealing trying to take charge of people's property because they got the power to get things done even tho it's wrong, this more reason most government kicks against bitcoin, because it gives users full ownership and control of their asset. Bitcoin is more better than fiat because your bitcoin works for you while you work for fiat, I just hope u understand that.

Ironically the argument you use actually represents the opposite meaning. The gold standard was unsustainable and it would and would have stumped the standard of living all around the world, America especially.  There simply isn't enough gold being dug out of the ground each year and it would have created a bubble in one commodity, affecting its practical usage. The government could actually very easily crash the price of Bitcoin and make it an undesirable asset by taking actions to ban it - wealthy people, institutions, investment banks and companies would run like hell from it at the first sign of trouble. To date they have been surprisingly lenient and it's nice to see them let it run so far, because the blockchain does seem like a useful ability to replace rather wasteful physical cash.  

Sometimes government is always the hindrance for the people to have a good and prosperous life. They just want to own everything, cash, gold and now bitcoin but unfortunately they can't control the decentralized digital currency but they still have the power to regulate or ban it. It's sad because you already have your own banks in your hand but government try to steal it. Bitcoin is more than fiat because it can be an asset and also a currency. Without banks, you can use it as your own banks to save money and to make transactions with your own without third party participation.

They don't have the power to ban in, but they can make it hard for people to use it or own it in a lot of different ways. What I think though is that forward looking governments haven't really been cracking down on cryptocurrencies, but rather tried to embrace it more or less. See a few countries in Europe are very pro crypto when it comes to their policies and even in the US the jury is still kind of out, but they haven't destroyed all hope and positive expectations for cryptocurrencies yet. I doubt they will and plan on doing that. The US is the big tech country and those familiar with crypto in the US expect their government to make the right decisions. There are also representatives fighting for good legislation, I am optimistic it will all pan out positively for us.

Yes, I agree with you. The bank is actually robbing us of our money. Most people who are new to crypto keep wondering how because they deposit their money and get it back complete. The truth is that they don't rob us of our money but they rob us of power. They control our money as if it's theirs. Banks invest in other businesses, do you know whose money they use for that? Our Money! And yet they give us just little interest per year. If you got arrested, the bank can seize your money and the government can request for it to be taken. But Bitcoin has given us that authority and respect back. Bitcoin actually makes us our own bankers and that settles it!

Bitcoin does look like it exceeds our money in the bank, this is certainly more free to transact because of its decentralization, which is not complicated or convoluted like the banking system. Here it is very important to continue to explore Bitcoin itself from its development so far, legal or illegal.. not sure bitcoin will lose its popularity by its function, I'm sure little by little the government will understand this.

Bitcoin is more real than Fiat is a fact in my opinion because fiat is very easy to manipulate and has unstable prices even the price of basic ingredients from fiat is not comparable to the value of the currency
Fiat in my opinion is nothing more than a piece of paper that is given a value by the government

For sure, the fiat currency is centralized and is controlled by the governments where they can put undue taxes or any sort of restrictions on the money.
On the other hand, bitcoin is pure decentralized and with no one its owner, it can't be manipulated by the authorities.

They are not blatant bandits, they are the ones with a bit of cunning and a bit of recklessness on their service, users have also read the commitments and rules for saving money, we also like the safety and according to that theory, both sides are taking advantage of each other. Speaking of third parties, that is large companies and urgently need money for their project investment, fast service will need a large fee, this point is the bank's recklessness, the interest is only monthly, and if a third party declares a shutdown, it is a risk for the bank

Really where do you stand? Fact or opinion because it can't be both you know. For me though, I think there's a tie to this two, yes money isn't real if it's in the bank but there's proof and there's trust and assurance that there's money in the bank. Bitcoin on the other hand is a bunch of bundled up data mined and people just find that there's valuue in this and other people believed it and so the demand for it goes up and the rest is history.

It might be true that one of the reasons why some governments oppose bitcoin is due to the fact that they can't control it, unfortunately. As government, they might want to be able to take control, but sadly it cannot be done with bitcoin. It's a good thing of course. Although i believed that not all government has bad intention like it, but the fact that we can have our own money and be our own bank is true. In banks, our money won't necessarily always be there. Even if we have $100,000 doesn't mean that there's $100,000 in the bank, they will use our money to give credit and such, and it might be difficult for us to get all of our money immediately if it's such a huge amount. But not with bitcoin, if we have 1 btc, then it's one btc for us. No one taking it or distributing it to others like bank.

Bitcoin is virtual money based on software. When you purchase cryptocurrency, you purchase a digital asset based on an algorithm. Unlike centralized currency, which is government controlled, cryptocurrency is decentralized. Its value is controlled by the network based on supply and demand.
I will say bank are the one scaming us, most especially in my country where bank will keep deducting people for unnecessary thing's with different name of charge, to be sincerely it not good for me i will rather safe some of my money on Bitcoin because it might still get increased not decrease which bank do in my country and government will still charge out of people people money on there bank.

Like at our place. Every month there are discounts for services and others that we may not even be aware of. So it is indeed a loss if you keep that one in a local bank.

The gold standard was unsustainable because they made it unsustainable and then they accused the gold standard of causing the instability of the economy in the first place when it was caused by politicians cheating the standard, and the reason governments have been lenient as you call it with bitcoin is because they cannot figure out a way to beat it, if they actually waged a war against bitcoin they know they will fail as a decentralized enemy is the natural counter for such a centralized form of power which is embodied by governments.

  We all know Bitcoins are real but money in the bank are still real but it depends in the source and what the came from. But in my country as I observed Bitcoins are not really use because they are not aware and usually people without knowing about Bitcoins so they can say money its better than Bitcoins. But us we know Bitcoins we can say Bitcoins is better than money.

I agree to some extent, it is relative. These two entities are as real as it gets to different people, we understand Bitcoin and how investing in it can change things while some might not understand that. Some bitcoin investors have not spend bitcoin directly on any purchase while some have and they too will look at bitcoin differently.
While both of them are real to me, however, Investing in bitcoin is the way to go instead of just leaving your money in the bank.   

Having bitcoins in hand is not the same as having money in the bank. have bitcoin in hand as if we own we can master all aspects including the market itself. while having money in the bank is only limited to current assets which run out from time to time (consumptive) as long as it is not used, the money is not productive.

 Yeah We all know that usually people use natural way or using local money because of their routine . More people usually buy their needs or purchase using money but we can also use Bitcoins to buy and transact money.

Not only that, there are a lot of limitations when it comes to using the money that you have in the bank, not only you cannot use it in whatever way you want as the bank tries to impose all kind of limits on what you can do and what you cannot do with the money you have with them, with bitcoin this is not a problem, you can use it in whatever way you want, whenever you want and it is money that is truly yours, so when you take all of that into account there is no doubt in my mind that bitcoin is the best out of the two and will keep getting more and more popular as time passes.

Very wise, we really shouldn't go overboard with crypto functionality, especially bitcoin. indeed bitcoin is superior in terms of technology, but on the other hand we also have to remember that not all payment systems can be effective using bitcoin. especially if there is no internet network, paper money, ATMs, and banks are still the mainstay.
I also believe that bitcoin can be increasingly accepted by society, but not to replace fiat's position, but as an alternative.

I guess when it comes to limits that probably more applies to the wealthy class or when you go to a bank and want to deposit a larger amount, in many countries by now you have to provide a plausible origin of that amount. I can only say that it will be getting worse for sure. The European Union along with many other nations in the world want to get the network tighter and higher in order to fight money laundering.

Whether that is the only reason they have, I doubt it. The problem is not the little dude with a couple of thousand dollars in the bank. The real deal are the big dudes who are hiding millions and even billions. I hope there goal is to catch those too, not just the normal guy.

The government seems to prevent us from using Bitcoin because they can't monitor us and of course things related to taxes. Imagine if a bad person steal the governments money and store it in the blockchain, the evidence of the crime in the form of money will disappear without being traced, I think that's what the government is afraid of.

practically all of us here can see that the government they always want to control and manipulate the assets of all the people, they are angry at virtual currency because it makes everyone independent they and they cannot make a profit from each of us citizens, so the contradiction between the banking government and the virtual currency BTC is really difficult to develop together. Because the true nature of BTC has taken away their huge source of income. then there's no reason they should fully accept BTC.

I believe bitcoin is more real than any paper currency I have ever seen.
In fact, all banknotes are virtual-the banknote itself has no value, it "represents" an amount of value. And this amount is said to be backed by gold, do you believe it?
I actually don't believe it—in fact, there is no privilege in human history that does not abuse oneself. The reason why we believe in banks for the time being is because we have to believe in them.
However, bitcoin is not the same. All people who use bitcoin believe it voluntarily. I firmly believe that "voluntary trust" is far more valuable than "forced trust".

Yes that's right
If we look closely at the true meaning of money, we see that Bitcoin is more in line with the definition of money than Fiat currencies.
People who look at money only as a physical entity are opposed to bitcoin, but people who have acquired a deeper meaning of money call bitcoin real money.

What I think OP meant was that there's something that you can get out of bitcoin compared to money in the bank, I think what OP implies is that bitcoin has something physical in it while money in the bank is just a number in the screen. For me though, I think that they're both real, they're not competing with each other and it's not like bitcoin or fiat antagonizes each other.

Undoubtedly Bitcoin gives much more profit than the money deposited in the bank but in fact Bitcoin is not more secure than the money deposited in the bank. But you will not get any document for bitcoin transaction The bank will provide you with documents for the deposit.

Bitcoin undoubtedly a popular choice in current world rather than Bank because bitcoin invest so risky but more profitable than Bank investment. But Bank investment so secure than bitcoin but lower profits rate.

Indeed. Bitcoin has many advantages over fiat but bitcoin cannot replace fiat. Fiat remains the mainstay and it is an integral part of the world. We all invest in bitcoin and convert to fiat when we need to spend. I hope governments will accept bitcoin as a means of payment alongside fiat, the two will support each other.

... the classic "white collar" thief, they say in some countries...

bitcoin is circulating, it is already doing its "magic" and just as what you show (op) in its action/execution was in charge of the individuals represented in positions of power, bitcoin needs the same, but this time far from being in a single/several person(s) depends on the group/collective/citizens/you/us.

Yes!! You have to be your own bank and you have to learn how to achieve it, but the time will come when the people will have to execute and put into practice that theory as a collective.

The government is slowly but will surely adopt this new technology, they can't control the innovation, they will lose in this battle with blockchain. some are slowly using it to gain benefits, even tax earners from it. More and more inventions will start a trend in the fintech industry.

it's true as you said comrade, bitcoin is very popular now, bitcoin and fiat currency need each other, you can say they have their own benefits, if we invest in bitcoin the chances of getting a profit are more real, but if we save money in the bank less risk, but less profit

some governments accept bitcoin completely, but others refuse to accept bitcoin because it would be a threat. we know bitcoin can not be controlled by anyone but bitcoin can still be manipulated by groups of whales. Banks and bitcoin have their respective advantages and disadvantages, so they will not be able to unite, they can develop payment technology side by side.

You made a beautiful analogy with the events of 1971. Indeed, everything is happening in a very similar way. The best option today would be to study and invest in Bitcoin.

This is correct, one of the incredible things with new technology is that it is not really a matter of if you are going to use it or not but when this will happen, you have to adopt and adapt to the new technology otherwise the rest of the world is going to have a competitive advantage over you, the issue is that banks and governments never thought possible that someone will develop a technology that will take a way one of the most important sources of their power, which is why they are resisting this change.

You could say you're spot on with the analogy you made on how similar the 1971 announcement was to the current hate bitcoin receives from the government of all sectors. It is made clear that banks are antagonizing on bitcoin because they will literally rid themselves of their old ways which includes the corrupt practices they can usually get away of. With bitcoin they cannot do these stuff so it's onto them to hate on it. Documentation is easily provided through receipts and tracking addresses that you are given after each successful transfer, I do not know how you were able to miss such an important detail that could help support or debunk your argument. Bitcoin isn't here to make you rich or something solely meant to make a profit from. There's solid proof that bitcoin could cause a paradigm shift and allow for a better currency system than the one we were given right now

Bitcoin is uncontrollable, and decentralization keeps it out of government control. Bitcoin can own personal assets without going through any third-party intermediaries and bring people freedom.
Fiat currency is protected by the government and controlled by the government, and the government can freely print more legal currency according to its needs.

To me they are both real so there is no need to exaggerate, btc is real same is your money in the bank, till now money plays a heavy role in investing in btc, without money you would not be able to buy btc in the first place because the btc you own was not given to you freely, some of it were bought with money even if you earn some, I see both as important, as long as money is still heavily in use and rely on, it is very real.

You are absolutely right. The BTC coins that people keep on centralized exchanges or payment systems like PayPal are just CFDs, not real bitcoins. If ever a new "Nixon" is actually elected and decides to confiscate the crypto assets of all citizens, these companies will be forced to freeze funds deposited in their client's accounts because legal entities are obliged to comply with the law of his country.

I do not know exactly how "obedient" citizens can resist such aggressive activities of the authorities. The only way is to store at least half of own crypto assets on cold wallets and of course, not declare them as your property. Unlike Bitcoin, gold as a material substance can be easily seized.

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To answer the topic, Bitcoin is no more real than money in the bank. Nowadays both are considered finances. Fiat money is backed by the central bank of the national government. Bitcoin has no borders and is supported by the international community. In my opinion, BTC is generally more transparent and reliable because fiat money often has an inflationary model.

Bitcoin has been better than any money that you may have in your bank account from the very beginning, the fact that now we have a currency that you can send from one side of the world to the other with a very cheap fee without the need to use a third party and that you can receive those coins in a wallet that is completely yours and that no one can take those coins away is a concept so revolutionary that if anything I'm surprised the adoption of bitcoin is still so low, but I think this is because most people do not really understand why we need money free from government intervention, but soon enough they are going to learn why this is important if a crisis comes during the next years.

I definitely agree, that Bitcoin has empowered many small investors into making lots and giving real value to money hard earned. That is why the opposition against Bitcoin is so high that many of them resort to tactics that are so demeaning and somewhat desperate if you are going to look at it. Also countries banning Bitcoin are in reality cashing in on the hype. So that they could release their own digital currencies, and compete with Bitcoin. Despite the opposition, there is still hope in all of this.

Agree. Bitcoin is real and gives us freedom! However, I think bitcoin won't be illegal in countries, because a large number of people is dealing with it. Some governments are accepting bitcoin and others should follow them.

Bitcoin is decentralized, and it will not be controlled by anyone. Bitcoin is controlled by all users, and no one or organization can change it. Bitcoin allows users to truly control their own assets, rather than indirectly through the bank's control, so that users can truly achieve freedom and ensure the inviolability of private property.

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

Bitcoin is not more real than money, bitcoin have it way of popularity and influential, and money has it too both are working together in one direction, both many citizens especially people living in a place whereby cryptocurrency has dominate the environment is only one putting clause that bitcoin have influence over money, some individuals money's in the bank is really working to bring another money, because when it is place as a fixed deposit in the bank and it yields interest yearly for return, is not at progressive point, money have been established and been existing for long time and it can not use to compare to bitcoin, because without Fiat Money bitcoin will not have a value.

Money per se is not supposed to provide any profit to the owner, money is supposed to be used to acquire consumer goods, capital goods, services. In short, it should be used in exchanges that may later turn to be profitable for the people making these exchanges. Banks, like any other individual or business, use the money to acquire something for themselves. For example, they lend money out in order to receive more of it in the future. However, the problem is, unlike individuals or businesses, banks don't take any risk doing their business because if something goes wrong, they will be bailed out by central banks printing more money. As we know, bitcoin cannot be printed at will, so if banks started doing their business with bitcoin instead of paper money and digits, they are going to be careful with people's savings.

that is the reason why we are in this world now because we are one of those who did not cater Baking style.

Using our Money for them to gain more and more while we are given a peanut interest per Annum .

Stop using banks for our investments , just keep safe some amount if you are not 100% certain in crypto but make sure to put more in here than in banks..

I think in the context of the discussions earlier, it's pretty clear it's not so much about what's reality, but what's actual for the consumer/user.

We can talk all day about what's backing the nothingness in bank accounts, and what other things back Bitcoin -- some prefer the other, I personally prefer to back both -- but at the end of the day, it's hard to argue that having sole access to Bitcoin private keys is the only objectively provable actual ownership to money.

Money in the bank? Depending on the money, the bank, and the state governing the bank, you will have varying levels of probability, hence, varying levels of how real that money was, is, and will be for the consumer.

Banks play a major role in a country's infrastructure development. Banks always make money out of people's money. Using banks for investment is not much preferred. These days people are much into cryptocurrency investment looking upon the profit it provides compared to the investment on banks. Till date it is quite evident to see a big list of failed banks. With cryptocurrency the lack of understanding about the market have caused people to loss.

Yes, what you say is a fact that is covered up by banks and many people don't care. Actually bitcoin is more valuable than fiat because the government cannot control Bitcoin.
In fact fiat is real magic, the real treasure is gold, because gold can maintain a value, and now bitcoin can replace gold because its value is so high and can be easily moved.

Bitcoin goes that extra mile because unlike fiat it acts as both a value preservation assets as well as a expendable currency with daily economic utilisation. Fiat is just a mean for buying consumer goods, it is not great for saving.

Banks offer paper money with unlimited supply, at least Bitcoin has a limited supply that is transparent and encrypted so its circulating supply never comes as a surprise. For these reasons, which are very economically vital Bitcoin is better than the fiat banks can provide.

Then how you do consider that bitcoin did get its value on fiat? You couldnt say that fiat is totally worthless or bitcoin is totally valuable but to think on where it do get its value from which we could really say that it isnt really that totally precise if we do really trying to make out some comparison
between fiat and Bitcoin but we should put up into consideration that fiat does have its own purpose and same goes with bitcoin or the entire
crypto market.

Yes it is more real then money in the bank it is best coin for invest and trade to earn. Bitcoin is digital coin it is used as a payment asset in many countries. You not need to convert currencies. It is used for every where.

the government wants everything under their control at any cost btw they can not control bitcoin in any way
so the government worry to legalize and accept bitcoin,
btw in their hand nothing to do stop it use, many e-commerce and shops accepted bitcoin.

I would say that there are many developing and underdeveloped countries that can’t afford to mine Bitcoin and completely ignore the fiat currency. So, yes, fiat does have its own value and so does Bitcoin, but the comparison between them is very tough.

Why are we competing bitcoin is not available that time we should not forget. According to that time what's best govt. did it, now we should work together and only best way to integrate latest reliable technologies to improve system with time.
   

Not for all, obviously. There are still a lot of people in the world who hardly know about bitcoin; using it is a far cry for them.

Infrastracture development but to their own profits and needs, but when exactly does banks does what peoples needs out of profits?
As we can see, banks nowadays are trying hard to gain the people's trust due to bitcoins popularity. Banks aren't so important anymore to other people especially to the one's who prefer bitcoin more. That's why they are always extending their hands for more services and options about crypto matter.

Bitcoin is getting more and more popular day by day and just because of its wide acceptability it got more importance than fiat currency. The market trend is also in the favor of bitcoin. People are more interested to invest in bitcoin rather than fiat currency. I guess in the future it may get a status in local banks as well. Which may lead it to become more popular as compared to the current ERA.

Bitcoin is enormous transformation within the budgetary era,Now bcome an inventive computerized money that's ended up well known with pioneer money, businesses and financial specialists around the world, as it's unrivaled in its decentralization, open records and capacity to encourage deceentralization budgetary exchanges without going through a bank or installment processor. Bitcoin is in its earliest stages but numerous accept this cryptocurrency will in the long run supplant paper money. A number of governments need to screen the lawfulness of advanced money, and guarantee that such monetary forms are not utilized for extortion, cash washing, or fear monger financing. It is improbable that bitcoin will be illicit in numerous nations, but beneath a few circumstances it may in a few in reverse ones, where individual opportunities are as of now confined besides. All things considered, most nations will certainly need to screen out the trading tranaction to make it legal tender.

How is it real more than Money? we invest money and also invest in bitcoin and both of them bring interest of money after the time of investment, so why people is lamenting on digital currency and non digital currency, two of them is investment since they are arriving in one angle.

The convertibility of money in Gold is going to be the story of the past. Bitcoin has its own credibility and value. It is not attached with Gold or silver. So it is a stable one that has the quality to benefit much to its stalker than other traditional currencies. It is safer than the money in the bank. So the number of cryptocurrency users & businessmen continuously increasing.

Bitcoin has already been declared illegal in some countries. The govt, of course don’t feel great with the fact that citizens own so much power with decentralized finance.

I think both are real and people are likely to invest their money to bitcoin these days bcz are getting more greedy...

Bitcoin is popular because of its increasingly expensive value. In addition, straying fiat money in the bank will be charged. If storing BTC may not cost only a volatile value and the still limited legalization of assets makes BTC have more limited wiggle room. I believe that BTC will probably be the means of payment of the future even if it is when. But today many countries are afraid because they cannot control Bitcoin. This led some countries such as China to ban all crypto-related activities. But from some of the media I see they inspired Blockchain technology by creating their own digital currency. I currently admit maybe Fiat is a legitimate medium of exchange so Fiat is the favorite whereas Bitcoin as an alternative to grounding Fiat.

Bitcoin is definitely the real money. Because it's real anonymity and real freedom! Banks will be a thing of the past. Now with the newest taproot update, if Bitcoin can go fully Decentralised Finance then that would be so amazing. Because that would mean that the governments lose all the control over trading and fund supervision that they currently have (over centralized exchanges, which all demand KYC). The Banks and all the governments are losing control and all the regulations they have put into place are starting to crumble. Money will finally be by the people and for the people. No more middlemen, no more corrupt regulation.

The gold standard of currencies aren't a thing anymore. Lots of country print and print money without backing it up and that's where BTC fill the gap. Btc in the other hand, has advantage over this current situation of monetary printing system. BTC has a total supply whereas most currencies dont. It is secured by blockchain and no entity holds any right over your coins. So in short, BTC is supreme over any money. The confidence that is given by the people towards it could surpass what other famous currency has.

Its an usual  news. Like every country who aren't approved the bitcoin legal yet. Thats the reason they they want to give you the full power and control on your money. government want the power of your mmoney so that they can track your activity and take the money as a tax what government say they deserve. But when you hold gold the gets tax bwcause you bought from somewhere but if you hold for long term you havent done any transaction so government wont get any tax. Thats why government wants you to use your money in a sector where they can track you and your money. So that they ca take the exact tax. But in bitcoin they get nothing. Well its a rules that you are the own controller and government can't be your money tracker. Thats why govenment are always a oposite site of bitcoin. But we want freedom thats why we are here. Like you are.

Personally I am more satisfied with hodling and saving my bitcoin in my wallet even when I have the ability to exchange it to fiat and save it in a bank, which I believe is absolutely unnecessary, Since I got the knowledge and involve in cryptocurrencies all my transactions are anonymously done without any third party involvement, infact I only have small amount of fiat in my bank account which is meant for petty purchases and bill payment. Bitcoin has come to stay, there is nothing any government can do to it, even with it banning in some some countries there will always an alternative ways of using it.

Many people have a hard time realizing the money they hold at banks isn't safe at all. Here in our country a similar situation to the one related by OP has already happened. During the 90's decade everyone had their saving accounts confiscated by the government in a desperate attempt to control inflation that was around 84% yearly.
That measure by the government had a very negative impact over the population and even lead some people to commit suicide, because everything they had was invested on this application category, so naturally they went depressed and delusional. We really can't trust governments, because they will do anything they have to do to keep the economy working somehow, even though they have to sacrifice the citizens on their individuality.

I don't think that Bitcoin is more important than fiat money just because it is been accepted by a number of people. Do you think if there were to be a real analysis of the percentage of the world population that are into cryptocurrency and the ones that are not, Crypto adopters will be more? of cause not but we do understand that Bitcoin adoption is growing into the global population and until commodities are been valued in BTC BTC instead of $ Fiat, which Bitcoin is still valued by, it cannot be concluded that it is more real than money in the Bank.
However, I do understand why this assumption is considerable.

we don't dare to say that because bitcoin still hasn't received adoption from several countries so the adoption process is still confusing.so it still raises doubts among the public where we don't dare to say that digital currency is better than money in banks, let alone Currently, bitcoin ATMs have not been created by many countries that have adopted bitcoin long ago

Bitcoin is more real than money in the bank. Just think of a bank issuing fiat online, just a number is transferred whereas the fiat is located in one among the university. If bitcoin is spend, then the equivalent value is transacted. Increased adoption doesn't make cryptocurrency to be more popular. It is all about the service that gives ease of access and nothing specific on it.

gold is good money in that era. in history i know, they use gold and silver to trade a thing, make coin from those two thing, and that coin is real from gold and silver. the sad part is when people steal this method and replaced by paper.
bank, promised you good salary if store some fund on them. but, bitcoin give you multiple big profit than you store in bank. and yeah, thry just afraid if people getting rich. cant control this thing make them be more scared.

One of the benefits of having a bitcoin in your wallet is that you can feel like it's your own money because you can do whatever you want with it at any time. While you have fiat, you do not truly own it, and keeping too much in the bank does not make it safe. Well, there are also disadvantages in crypto but one thing is really sure about it, as long as you hold the keys, no one can open your wallet.

for now we do not dare to say that bitcoin is better than money in the bank, considering that there are still many obstacles experienced by bitcoin, especially with the adaptation process that has not been carried out by several countries so that it is also influenced by not getting public trust in the crypto world, if it is true that bitcoin later adopted and created several bitcoin ATMs then we can say that it is true that bitcoin is better than money in the bank

exactly, we used to always have to put our trust in the institution of the bank and its kit workers. Today, we trust technology, and with blockchain we have the layer of trust. That's exactly what makes it so. Basically, it is also the acceptance of the users that ultimately makes up the value. Central banks always say that the value is secured with gold, but nobody sees this gold.

So far, I think many countries have not legalized and even banned bitcoin because bitcoin does not yet have the capacity and quality needed to be recognized as a currency. But after reading this I started to realize, bitcoin is able to create economic independence for individuals/societies which bureaucratic makers are so afraid of that's why many ways are used to stem the popularity of bitcoin and other cryptocurrencies.
At the same time, it makes me regret why I didn't really learn and understand bitcoin long ago.

I don't know if bitcoins will really be more real than fiat money in the near future. Bitcoins are definitely getting more attention and can be used in my stores to buy things. But having a wallet with physical fiat money is still king in my country. The small bakery near my home where I buy all my bread only accepts cash. The same goes for one of my favourite bars, they are very old school and only take credit cards for large bills. So if I had no cash anymore and only bitcoins it would be very hard to get buy. At the moment having both is still the best solution.

Still this is a very complex game theory problem even for governments. One government banning Bitcoin might create unprecedented opportunities for other countries. China banning Bitcoin makes sense if you consider their way of governing the people and their whole economic and social system. But will Bitcoin ever be banned by the majority of countries all around the globe? And even if that was the case, cryptocurrency related businesses (mining operations, exchanges etc) will find their place elsewhere. I don't see any chance for cryptocurrencies being banned all around the world. Even think about the administrative effort it would cost a government to really shut down all economic activity involving cryptocurrencies. Besides that, I think we can be pretty certain that there is a good number of countries already that signaled quite obvious there won't be a ban on cryptocurrencies. They might come up with new regulations, but an outright ban can also be very risky in the long run.

The bank system in general has almost always been crooked in some way or form and not only in the united states but worldwide. Through history there has been so many examples.

So i actually agree with your headline because most banks dont have any real money - they have "I owe you notes"and deals based on "trust" ;)

This is exactly where the paradigm shift used to take place. Actually, only tangible, i.e. physical, values were part of the economic cycle. At some point, people came up with the idea of creating paper or certificates for them in order to simplify trading.  Btc definitely has this potential. At least in my opinion. There is much to be said for it

This makes the currency decentralized giving ownership to the user. These can be purchased through an online exchange or a Bitcoin ATM. Landmark feature of a bitcoin is that it can curb the chances of fraud and identity thefts, and hence is considered a safe mode of holding money.

Absolutely right. In deed it more real than any form of current including Fiat, it gives feeling of ownership. I also feel regret like you that why i failed to evalaute the real value/worth of Bitcoin in the early days of Bitcoin. I think the days are not far when all countries will regularize it including third world where governments want to control masses by keeping money supply control in their hands.

Yes, that's right, currently most countries choose to be gray/indecisive in dealing with the popularity of bitcoin. Some countries only provide propaganda through their mass media to prevent people from knowing bitcoin from the positive side without actually daring to provide clear regulations regarding the use and circulation of bitcoin. That's right, the government may also think that one day bitcoin will be needed because it can't be denied that bitcoin is a technological development as it is today. In the past, people bought goods by bartering and then developing using physical money.

In which most of us does, many of people here once thought that Bitcoin is Just another scam from the internet (including me and my Brother) but now we are one of the most loyal Bitcoin supporters for years.
and correct thosem propaganda in the past really made us don't believe in Bitcoin easily instead they took couple of years from us to invest and make a great income in here.
now? no one can take my Bitcoin away from me , i will keep my coins until perfect time comes because like every senior says, I only Invested the funds i can risk and willing to lose.

When Bitcoin first appeared with blockchain technology, which at that time was still very new and difficult to understand. Making many people
think Bitcoin is a method of fraud, I thought so too and I really regret not trusting Bitcoin in the first place. But finally I can profit from Bitcoin,
I think it's better to invest in Bitcoin late than never. Moreover, Bitcoin has also proven that it can provide big profits if we can be patient holding
Bitcoin. So don't hesitate to buy Bitcoin, because buying Bitcoin at any price can actually still get a profit if we see the price of Bitcoin continues to rise.

many people think bitcoin is more real than fiat currency, bitcoin is not only a currency but can also be used as an asset, but the problem is why the government always challenges bitcoin, even though we know the government also receives taxes from bitcoin, every time we make transactions..

it has been proven that bitcoin is more real than banks, because bitcoin cannot be controlled by any party, even the government will never be able to control bitcoin, maybe from that reason many people think that bitcoin is more real than banks, we all know banks are controlled by the government, even scammers find it easier to steal money from banks, in contrast to bitcoin, it is very difficult for scammers to steal our bitcoins..

I agree with what you have said regarding stealing. As for being real, I can say that it's not really as well, but more popular and valuable. Also the factor of universal acceptance. No need to exchange from one currency to another because of unacceptance in other countries like fiat. Yes, bitcoin gives us more power.

indeed this comparison is not a suitable answer to give a statement that bitcoin is more real, because this is only crypto but in terms of security it is very appropriate to admit that crypto has a very relatively high level of security compared to bank storage, because of this more stringent in terms of security, if the bank is very easy to break by evil people who intend to harm the user

The decentralized nature of Bitcoin will not be supervised or manipulated by any third party, and is completely freely controlled by users.
Bank money is controlled by the government, and transactions are subject to some restrictions.

But that only applies to counr=tries where their Government has chosen not to ban Bitcoin. Many people will see Bitcoin as more of an investment/asset than money because as some have said that Bitcoin is been used in many stores, I don't think this is the case for now even though it is accepted by some.

Bitcoin is present by new modern technology and it is digital currency. In previous time people store there gold and money in bank and bank use it for its own benifit by schemes and loan. Bitcoin is totally different it is digital currency It is banned in some county for not illegal but for that people have power of own money. Bitcoin is digital bank and it is precious as gold in crypto world.

For me, Fiat money and BTC represent money, and I do not see any reason to conform them and say which is better and which is not, like gold are different representations of money, which, for me, all are welcome. Money in the bank cannot give better benefits than BTC, BTC gives long-term profits, while long-term money in a bank does not give profits even 24% per year, on the other hand, BTC profits can be higher than 100% same if the movement occurs.

There's no need to compare as they serve on a different purpose, both have their strenght and weakness depending on how people sees it. As we all know, bitcoin is a volatile asset, it's not good for payment system if we are not educated on how to manage the risk, while the Fiat althoughnot volatile, but saving it for long term would also give us a risk of getting a lower value of your money due to high inflation.

that is stealing. when the first i know about it, like people dont have any real wealth. because if world experiencing a shock and no paper money, they will use power to take everything.

for me, in the end, use btc to buy gold is good than just change to fiat. no problem as long as that is useful for life, but i need something more than it. and as time goes by, people will lead to technology without forgetting old stuff

actually, why government dont like bitcoin because it can't traceable, and they will monitoring us about money circulation. and every country that reject and denied bitcoin will regret in the future because i think bitcoin will be the new currency in the future

I agree with you, it was brazen theft, especially in those days, when the people were more trusting and there are a lot of such examples in different countries. Bitcoin is the future, this asset is more valuable than a deposit in a bank, even if you invest small amounts.

Each currency serves a unique purpose in life. We cannot say one will beat the other, since they're two completely different things. While Bitcoin cannot be controlled or manipulated by anyone, it lacks behind Fiat in terms of mainstream adoption. Banks are still in play simply because governments patronize them every step of the way. In the future, CBDCs will replace paper money, greatly solidifying banks' position in the mainstream economy. Bitcoin and other cryptocurrencies will remain as alternatives for those seeking an "exit route" from the banking system.

I'd agree with the OP about Bitcoin being more real than money in the bank. It cannot be debased or created out of thin air, unlike Fiat. Governments have the power to print more money in order to manipulate the economy to their own will. Most people don't understand this, as they're only looking into Bitcoin as an investment (not a currency). At least, we have a life-changing decentralized cryptocurrency. As long as decentralization prevails, nothing else matters. Just my thoughts ;D

We can already conclude it because we can now alteast attest or make a conclusion from it for what we've experienced since we invested in bitcoin. So yes, we can answer that question on our own now on which is more real even if it's not yet adopted in other countries or widely used by public.
IMO, bitcoin is much more real because now we have our own free will and liberty to be our own bank with no one is there questioning every step we make to our very own money. While having your money in the bank is somehow tiresome nowadays as they keep on watching us more and questioning us more. That money we put in the bank is considered as dead money waiting on when to be wasted.

Being optimistic isnt bad but you should really consider out on how fiat do serve its purpose when it comes to those typical transactions we do have.Yes, crypto is gaining some momentum now
but wont really be enough on taking up fiat into its position.We do still need this one and majority of people would still trust up fiat no matter what.
Bitcoin is a good option and lets not really think that it could easily replaced nor make fiat would be erased into existence.

You are right, which suggests that for me BTC or crypto has much more value than FIAT money, at least the local FIAT money in my country is a free fall, so much so that I could not calculate how much it goes down each day. Due to this, BTC will always be a good option to have it lower in price because when compared with the local currency it is still very high, but when compared to a strong currency, such as USD or Eur, the whole concept changes, although for The global economic bubble has not burst due to the Covid-19 problem, which has caused financial markets to decline in terms of their potential for development or crash.

Whenever bitcoin starts showing some upward movement, people start believing that it will replace fiat currency and even that it is a better option for all. I mean how someone can even think of that when not even half of the world’s population knows about bitcoin. Be it lack of technology or lack of money, bitcoin can never replace fiat currency.

Additionally, no government would like to lose control of the financial system of its country and so, fiat currency will always be there. What can be even worse is central governments taking control of crypto transactions.

I think the DOG$ token will give a minimum of x10, that's the minimum. So my opinion is to buy DOG$ tokens from IEO if possible, we'll fly to the moon.

---

I watched the presentation of the DOG$ project. I can say that it is of very high quality, I am personally interested. I am waiting for the second phase of IEO and of course, I will buy tokens.

But how long will it take to make it happen, whereas now many countries have doubts and even reject bitcoin. It is true, it is not impossible for bitcoin to become a new currency in the future. What is bitcoin trying to do?

Because day by day bitcoin value growing very fast and we all know bitcoin is a worldwide coin so bitcoin is more real than money in the bank.

indeed this comparison is not a suitable answer to give a statement that bitcoin is more real, because this is only crypto but in terms of security it is very appropriate to admit that crypto has a very relatively high level of security compared to bank storage, because of this more stringent in terms of security, if the bank is very easy to break by evil people who intend to harm the user

Yes, what you say is true, we have full rights to the Bitcoins that we own and there is no interference from others. The government is trying to prevent people from owning bitcoin so that people use fiat money that they can control. But on the downside there is also that the government cannot control Bitcoin so criminals are difficult to track if they make transactions using Bitcoin. This also makes me dizzy because there is a good side and there is also a bad side, the government should only be able to monitor criminal acts that occur in every transaction but the government can't control Bitcoin, can this happen in the future?
but I hope that's what will happen in the future

banks have applied sanctions on me, because I swapped 15k eur to crypto for a mate. I had no documents for that money so they decided to cap my monthly gross transfers to 4k eur. I cannot transfer more than 4k eur a month now. Bitcoin does not do that.

It is true that Bitcoin gives us freedom in the monetary system. Neither the government nor the state can interfere in it. We alone will determine what, who, why and how Bitcoin will be managed. Truly a pleasant experience in the financial system. Bitcoin is very suitable to be used as an investment now and in the future. It seems that Bitcoin can last as long as it is now since a few years ago Bitcoin still survives and has a better performance.

bitcoin is more real than banks, I dare not say bitcoin is more real than banks, because I still live in a country that still enforces a strict ban on bitcoin, indeed the government in my country does not prohibit its citizens from adopting bitcoin, and conducting bitcoin transactions, but the government in my country strictly forbids bitcoin as a currency, and is used as a medium of exchange,, in contrast to those of you who live in countries that have legalized bitcoin and have accepted bitcoin as a legal tender, so you can say bitcoin is more real than banks, because You can make transactions yourself without any intermediary parties.

Bitcoin will always be more valuable than Fiat, simply because of the way it was designed. It's a deflationary cryptocurrency whose reward will diminish over time. Not like Fiat where banks continuously print money to manipulate the economy to their own will. This creates inflation, effectively reducing people's purchasing power as a whole.

Considering that no one can change or manipulate Bitcoin's supply, we can say that Bitcoin is more real than money in the bank. But it needs time to mature, as the world is not ready yet for a cashless society. We're still in the early days of crypto/Blockchain tech adoption, as many things are yet to be discovered and improved. Banks won't be going anywhere, so it's likely that crypto will live alongside the existing banking system for generations. As long as decentralization prevails, nothing else matters. Just my opinion :)

Sad truth, the government just want everything under their control, such a set of greedy people always in search of power, this is pure stealing trying to take charge of people's property because they got the power to get things done even tho it's wrong, this more reason most government kicks against bitcoin, because it gives users full ownership and control of their asset. Bitcoin is more better than fiat because your bitcoin works for you while you work for fiat, I just hope u understand that.

We voted for that government we are talking about, it's only sad if they are corrupt but if they are doing their job for the interest of the majority, then there's nothing to complain about. Crypto on the other hand is not perfect also, we want decentralization and anonymity? yes, we can have it but does it guarantee that it will be safe for everyone? of course not.

Let me give you the historical background of Nigeria natural resources that has a link (the same history) with your story. When the Portuguese came to Nigeria in the year 1384, they stayed briefly and left later British rediscovered Nigeria in 1438 or there about  and they had treaties with the local chiefs. And other world powers discovered the natural resources in the country, they were about to fight with British businessmen in the region, so Bismarck called for a conference in 1884 to 1885 to scramble ( partition) Africa to the world powers. And they did it. And British government took only 4 Countries plus Nigeria. In 1900, British government came to Nigeria to rule them fully and extract the natural resources to feed their (British) industries which they succeeded. In 1960, when British government was leaving the mantle of leadership to local people, they planted a seed that everything that Nigeria has is own by the government. Such as:
1. Land
2. Air
3. Rivers
4. Seas

So when Crude oil was discovered in the Niger Delta Nigerian Government claim it and take over it from the indigenes. But when Gold was found at the northern part of the country, the federal government did not go and claim it. These are physical resources that government can manipulate to favour themselves. And I believe almost all governments have this kind of mindset to oppress a set of people in their countries. But when it comes to Bitcoin the governments can't control it because it is a decentralized system that own by everyone and no one. Most Countries were trying to control it to favour themselves but no way so it let to ban and others.

Therefore, president, Nixon in 1971 was trying to stopped the people from exchanging their GOLD to the Fiat currency was a personal interest. They can't try that with Bitcoin.

I think Bitcoin or the general cryptocurrency is at the final stage of money. Money had revolved from different phases for the convinient transaction of goods and services. Money had moved from the normal trade by barter to metals like gold, silver etc. It get to paper money and now it is in another wonderful phase known as the digital money, cryptocurrency. Many persons may be castigating it just like the way precious metals form of money was first castigated. Bitcoin is here to stay.

for now we have not dared to state that bitcoin is more real than money in a bank because there are several factors that influence this, one of which is the bitcoin procurement process that has not been carried out thoroughly in various countries.but in terms of storage we should admit that bitcoin also has a high level of its own security that is almost like saving money in a bank, but if the adoption process has been widely defined by various groups then it is not impossible that bitcoin is better than money in the bank

bitcoin is worth a fuckton less than 12 months ago. Its purchasing power is even more horrid over the last 12 months.

bitcoin doesnt exist only unspent tx outputs. in fact there is no such thing as A bitcoin, there is only the bitcoin ledger and utxos

while the us money supply increased at record levels during 2021 until today,
bitcoin had even more supply increase than the dollar.

How is that possible in a fixed supply rapidly growing economic network?
 Its not.

therefore the math is clear.
the numbers do not lie.

there is more than 1 ledger at play. e

njoy

I would say it's more real than the money in the bank. I say this because we know that there is now (and for like almost always) more digital/fake/out of thin air money circulating than there is physical money, like notes, coins in the banks vaults. The easiest example I can say to express this is that if every client of a bank goes to their bank branches in the same day and they all ask to withdrawal their money, the bank simply won't have enough bills and coins to hand over to all their clients, because there is actually way more digital/fake money circulating than the one that physically exists (printed). And I think this is impossible with Bitcoin! I know there are also services creating virtual Bitcoin the same way banks do, but I'm not sure if the same situation could happen if we tried the same with Bitcoin!