Print Page - The future of Bitcoin as digital currency

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

If the technology is open source, it is free and open-access for everyone. Governments can not prohibit it and can not block access to the technology.

Open source is important because it means verifiable, reproducible by everyone.

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Intact and when are able to save bitcoin for our future and our family

You can join the party by buying bitcoin, hold it in your non custodial wallets that should be open source too.

If you hold your bitcoin on centralized exchanges, you can lose it when the exchanges refuse to approve your withdrawal requests. Exchanges can scam you anytime and if you want your bitcoin safe, store it in your open source and non custodial wallet.

You must back up your wallets to be able to recovery it later.
How to to back up a seed phrase? (https://blog.lopp.net/how-to-back-up-a-seed-phrase/)

Quote from: Jegileman on December 17, 2023, 08:15:11 AM

Bitcoin represents true freedom. What is life without the freedom to do what you want, when you want it, which will help you achieve a lot in life? The government never wants ultimate freedom for its own people; they always want everything to be under their control so that they may direct and give laws that we have no choice but to follow in order to realise our desires. Many countries claim to practise democracy, but many still operate under dictatorships.

The good and unique thing about Bitcoin is basically as a result of its open-source technology which has also made it a decentralized digital currency. For the sake of emphasis, I am of the opinion that bitcoin is a digital currency because you can use it to transact products and services even though that has not been widely accepted across the globe. We need more involvement of marketers and those doing the everyday business, unlike the investors we have already heavily patronizing the currency.

One thing I am sure of is the popularity of the Bitcoin as a digital currency as the time progresses. This is how it has been looking back to the history of currencies and the evolution of the paper currency currently in circulation. Before the paper currency, was the coins, the gold currency amongst other past currencies. You have the initial period where people adopt gradually through B2B business transactions and in stocks. Then you get to the level where it is widely accepted.

Since Bitcoin is still barely over a decade, I expect more involvements and adoption from the people and we can also be very involved in the promotion of the currency to more business arena while we find the easiest way people can use it to transact into denominations and more easy-to-use digital currencies.

Quote from: Nrcewker on December 17, 2023, 09:26:07 AM

Bitcoins cannot be considered as a digital currency. The reason is pretty simple. Bitcoins are limited or fixed in numbers, that is no more Bitcoins can be created or made. So instead of using as a mode of payment, people will use it as an asset which is very valuable due to fixed in numbers. No matter what’s the government’s take will be on the coins, people won’t use it to buy normal stuffs. They will sell Bitcoins to make maximum profits only.

You need to read the definition from the whitepaper.

Quote from: https://bitcoin.org/bitcoin.pdf

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

If you pay something using Bitcoin directly for a product or service, you're use Bitcoin as a currency. If you never do that, that's fine, but there's someone did bought 2 pizzas using Bitcoin.

Bitcoin can only be used through internet connection, how can someone broadcast Bitcoin transaction through offline?

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

The government will make policies they feel are appropriate for the people of the country. Such policies might be wrong or right but they will always claim that it is for the good of the people.

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. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin is decentralized which gives everyone who uses it the freedom to carry out financial transactions without restrictions. It is indeed a currency that has revolutionized the financial system of the world.

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Someone very wise say if you're born poor you die poor and I quote

That's not true because you can work hard and get out of poverty. Many people who were born poor became rich by applying diligence and hard work.

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But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Bitcoin has made many people make good profits that have made them comfortable. But you need to buy Bitcoin which means you have to earn money to invest in it. You can also earn Bitcoin when you acquire the right skills.

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But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

You are right that the if government lifts restrictions on Bitcoin more people will Invest in the sector which will help them in achieving their dreams. And you are also right that long-term investment in Bitcoin is the best option.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

You are right that governments should not ban technology, but in some cases governments face problems that force them to take such measures. It is also often heard that people in many countries use digital currency through digital technology for money laundering. Obviously, in such cases, the governments do not get any record because there is no legal record of these transactions.

There are many people who were born poor but have come out of the quagmire of poverty through their hard work and effort. So it would be wrong to say that those who are born poor die poor. Of course, if one has good knowledge and interest about Bitcoin, he can gain a lot by investing in it. If you study and work hard, you can achieve a lot. Your education and hard work can end poverty, so you don't have to rely on Bitcoin alone. Success can be achieved everywhere with hard work.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Anyone that told you that lack sense or probably you have misquoted the person because what you said didn't make any sense. We have those that were born poor but they made it out of the poverty to the top of the food chain and today they're millionaires. Getting born poor doesn't seal your fate in life, it's left for you to be determine to make it out of poverty and be rich. Rich people who were born rich also die poor too so nobody is destined to die the way they were born.

With or without Bitcoin you can achieve financial freedom, Bitcoin only makes it more doable since you don't get the restriction that some of the other means of getting financial freedom has. Bitcoin has made the playing field even but still having less resources puts you at an disadvantage because if Mr A and B both have patience's to hodl, who has more resources will get the best results from investing in Bitcoin. Your thread has no relationship with the title, I was expecting to read about the concerns of Bitcoin future of its feature of been a digital currency but the body of your topic has nothing to do with that, try changing the title to something that relate more with the body of your post.

Bitcoin definitely promotes financial independence and empowerment. Ideally, it helps people overcome socioeconomic hurdles. Purely, this technology democratizes the economy. Virtual assets like Bitcoin could change wealth distribution in our society. We must recognize the intricacies. Ownership should be allowed, but governments must provide stability and discourage misbehavior. Instead of restricting freedom, their involvement can make Bitcoin's growth and adoption safer. Integrating innovation with responsible monitoring is our goal.

Bitcoin may help break the poverty cycle in this future. Learning and working with this technology could lead to extraordinary success. This is about establishing a more equal financial landscape where everyone can prosper, not just accumulating riches.

Op i am having a hard time understanding what it is you want to say. Most of us already know what BTC is, but sadly the government doesn't see it that way, they label it a tool for money laundering and other kinds of illicit activities, and that is why they continue to attack BTC. However we cannot change what they think, but we can work together to stop the government from gaining 'control' over the BTC network, which is something they want to do by introducing censorship in BTC mining and attacking privacy solutions as well.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

You do not need BTC to be whatever you want to be, BTC is just a p2p electronic cash that is to be used for payments.

Freedom can allow you to be creative more freely than being bound by a work contract that limits your space to do things that can bring in more money than you get at work. Bitcoin is freedom, while fiat money always guides you to follow all the rules implemented by the government. People who do not want their lives to be controlled by government regulations on the use of fiat money prefer the freedom of using Bitcoin.
You are free to make transactions to buy goods and services with Bitcoin anywhere and at any time, the convenience offered by Bitcoin is not available with fiat money. You can easily send Bitcoins across countries however much and whenever you want, this convenience you never get with fiat money.

Yeah, just like the other members have already said,the government can do whatever they please, and no one tells them what to do and what not to do, especially if it's coming from the common man. The government likes to be in control of everything, and as long as Bitcoin is not under their full control, they will not allow citizens to freely engage with it, although Bitcoin is not banned in all countries around the world.

Bitcoin has made some of the old investors millionaires, and for someone to be in such a favor of earning a fortune from Bitcoin, there are different strategies to be taken. First, someone cannot hold Bitcoin for a long time if they are only dependent on their Bitcoin investment. Some people are still holding the bitcoin they bought around 2011, and it's possible for them to do that because they still have other investments and sources of income.

Indeed government not allowed bitcoin as legal payment transaction I think we are freedom have alternative way selling cryptocurrency trough P2P transaction, we can hide with how much cryptocurrency assets and can't investigate by government. During with global exchange not banned operation in your country we can get freedom with bitcoin investment, not problem yet when government make bitcoin as banned for digital currency payment because P2P make us more freedom when transaction with the other for selling or buying cryptocurrency assets.
All government have policy with bitcoin how to be legal digital currency payment will make their fiat position loss transaction in the future, many benefit with bitcoin will make transaction more dominance using bitcoin than fiat.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Someone very wise say if you're born poor you die poor and I quote

This is bullshit.
If you're born poor, you can decide to break out of poverty by working hard and smart. A lot of people are poor today, not because they were born poor but because they refused to get themselves out of poverty.
What you should try to do is develop yourself first before you can make money. Make yourself a valuable asset that would be sought after.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

If you get an education and work hard, you can become whatever you want. Bitcoin is not something to make our dreams come through. Only you can do that. People have worked hard and become whatever they wanted before the inception of Bitcoin and people are still doing so now without Bitcoin. Bitcoin is only a decentralized currency that has made transactions easier, and given us anonymousity and control of our assets.
Right now, I don't think Bitcoin can make anybody a millionaire. The early investors of Bitcoin enjoyed that luxury.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin technology does not aim to hinder but make transactions easier. The government can do anything but it cannot stop this technology. The issue game was created because of the ease that people find in making transactions using Bitcoin without involving a third party. The government makes a profit by selling cards and other unnecessary things in Bitcoin.
The freedom that people get from Bitcoin is to carry out transactions throughout the world without complicated processes. That's the simplest.

Quote from: 8rch7 on December 17, 2023, 03:21:41 PM

In fact, the government is not not allowing its citizens to use digital currency, but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction, in fact the government has authorized its citizens to use digital currency for their income, only one thing that is prohibited by the government is to use it as a means of buying and selling goods using digital currency, in fact that is a problem point that exists in every big country, many have legalized cryptocurrency circulating in several big countries, even in Southeast Asia they have legalized it...

Everyone is given the freedom to invest using anything in the form of bitcoin, crypto, tokens, gold, etc. The point is, don't just use buying and selling goods, which is what is desired in every country, because that will bring down the country's currency if that happens and of course there will be taxes. Also given by the government, of course everyone will reject it.

Quote from: samuraijin on December 17, 2023, 07:03:09 PM

In fact, the government is not not allowing its citizens to use digital currency

Some nations, some governments are doing this but not all and the fact is they are minority of hundreds of countries globally.

You can see and count how many countries in which cryptocurrencies are considered as Illegal with these maps?
https://coin.dance/poli/legality
https://newhedge.io/terminal/bitcoin/legality-map

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but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction

They will not be able to prohibit their citizens to use cryptocurrencies like they can not block their citizens' access to the Internet. They know what they want, like you are discussing, tax is their main concern.

They are doing everything to force cryptocurrency industry to be on a track with as much and best control as they can, just to gain as much tax from their citizens as possible. Eventually they want tax, not want to prohibit cryptocurrency use.

Quote from: oktana on December 17, 2023, 11:38:34 AM

Bitcoin brings freedom, but what freedom? People misunderstand the freedom and assume it means freedom from everything, but that’s not true. Bitcoin brings freedom in the sense that you have total control over your money. Bitcoin doesn’t give you freedom by changing the lives of poor people. That can happen if you invest and volatility favors you in your planned timeframe. But if not, the core of this is so you are the owner of your keys and your funds, not a centralized or middle man somewhere else.

And that kind of freedom is what the people needs, as the internet becoming more useful many people also use internet and the advancement of the technology and because of that there are more options to earn or have a money, so poverty is not an excuse for a person to not earn money or learn new things to earn and bitcoin or crypto currency is one of the best option to learn to earn, yes not all people has the capabilities to learn something new or something like bitcoin but for those who can and still relying on bare minimum profit is those who doesn't seek another way to have an extra money, as you said bitcoin gives freedom to earn and no one could stop you from learning it so people who has idea in it should grasp the opportunity and not be lazy so you can use the freedom you have.

Quote from: Jegileman on December 17, 2023, 08:15:11 AM

Bitcoin gives enough financial freedom but when the government of every country starts to think of Bitcoin as a legal currency then maybe it will bring a lot of freedom for us but till now Bitcoin is considered as an illegal currency in many countries like in our Bangladesh Bitcoin is not legal yet how can we have freedom there? How can we use Bitcoin in our country freedomly. But when Bitcoin can be used as a legal currency in our country, we can say that Bitcoin gives us enough financial freedom. Now we can use decentralized wallet very easily but cashing it out is very troublesome for us till now. But p2p service now gives us a lot of convenience to cash out bitcoins

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

With bitcoin, if you're born poor, then the more reasons that you have to take bigger risk with bitcoin. Bitcoin is most probably what we call our future, so we need to set it as our goal to accumulate as much as we can and hold them longer so we can reap massive profits in the future. It is in bitcoin that we can have the full control, and not over a centralized fiat, so if we can maximize the opportunities provided by bitcoin, then there'll be no reason we'll die staying poor and homeless.

However, the government still sees bitcoin as a threat to fiat so if we can hold bitcoin without alarming the government, then that would be the best option for now. Bitcoin is a decentralized currency, the reason why we have to deal with it more privately.

I think the future of Bitcoin as a digital currency is bright because the use of Bitcoin is spreading day by day.Also Bitcoin is popular in every country across the world.

Bitcoin is still not legalized in many countries of the world like our Bangladesh.Our government of Bangladesh may never legalize bitcoin because they think that if bitcoin is legalized it will increase the amount of money laundered in this country.

There are many countries where Bitcoin is legal again and even Bitcoin is used as payment to buy almost everything in countries where Bitcoin is legal.I saw on Twitter today that an ice cream shop in Brazil is paying with bitcoins.Looking at them, no one should doubt how popular Bitcoin is now with people all over the world and how bright the future of Bitcoin is.

https://www.talkimg.com/images/2023/12/18/EpRVZ.png (https://twitter.com/BitcoinMagazine/status/1736476827722379647?t=bnH8G67PAPwyHPPsAlRiNA&s=19)

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology
-cut-
But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

You are right but who is stopping us from owning this digital asset (BTC). As far as I know authorities of the USA have started an act against all those bad actors which are giving bad reputation to BTC. Which in fact a good thing as it Indicates the good concerns of international authorities for BTC which ensure longevity and build trust among those traditional investors who still hesitate to invest in it.

Talking about BTC future it looks bright to me, because big multimillionaire companies are interested in it and investing a lot of money which will triple it's market cap and the value too. And many short volume investors are also taking benefit of it by investing small amount they have which collectively adds a big volume and overall the adoption rate is also increasing.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Unfortunately very few poor people intend to invest in bitcoin because the availability of capital they have does not support such efforts and in addition they lack knowledge in the technology sector. Poor people think about how to make money for their daily food needs and I am sure that only a few people can think about investing in bad financial conditions.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

It's not as simple as what you talk about and look around you at how poor people live their daily lives. Bitcoin does have the advantage of freedom and it is true that Bitcoin is a way to achieve financial freedom independently. But speaking of opportunities, maybe not everyone has the same opportunities and even people who have a lot of money are not all involved in Bitcoin for various reasons.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family. thats what bitcoin is all about.

Bitcoin is freedom money for those who understand how to use of it, bitcoin is not permitted in all countries, it is use in every country by those who understand its potential and buy it through DEX. it become freedom money when you invest in it with discipline and consistency for long term investment.

Quote from: Nrcewker on December 17, 2023, 09:26:07 AM

Yes, I think it is also difficult to consider Bitcoin as a digital currency replacing fiat because apart from Bitcoin being limited, maybe one day Bitcoin will become a scarce asset. So in my opinion, it would be a shame not to buy now, and it would be better if you bought Bitcoin before 2024. Bitcoin will become a valuable asset in the next few years if you look at the current instability of the world economy.

The huge increase and huge love for bitcoin is increasing every day. Because inflation reduces the value of your savings, it forces everyone to become investors. This means we need to keep ourselves busy or waste time/energy studying bitcoin investment opportunities. In fact, I see several countries openly opposing bitcoin, they are afraid of the presence of bitcoin. It's true as you say, I don't care what the government says about Bitcoin either.

If you are able to change your financial situation with Bitcoin, you will stick to your decision. You will do something people will stop you from doing but nobody will give you food when you are hungry. You have to move yourself forward so there is no point in thinking about who said what or who said bad things. I don't understand why the government stands in the way if bitcoin is going to provide employment to unemployed youth. Those who cannot find a job after completing their graduation should not be a hindrance if they can change their fortunes by investing or trading Bitcoin. There are many examples where Bitcoin is banned outright in their country but they are still using Bitcoin because they know that if they stop using Bitcoin they will not be able to earn the money they used to earn before.

Currently, still not any government around the world are friendly with bitcoin as digital currency payment transaction except some countries have adopted bitcoin as legal payment in El Savador and some small countries in Africa. But not be permanently with bitcoin difficult to get friendly or good respond from government in the future exactly how potential for bitcoin becoming legal currency payment transaction.
I believe few years later many youth generation will have important position in government they will make revolution with digital currency payment by accepting bitcoin, right now still have many oldest politician and difficult get approval for bitcoin to be legal currency digital payment and get chance for the future when government filled by the young politician.

Quote from: yazher on December 18, 2023, 02:41:26 PM

This is what I really like to see in the future but the government is exerting all effort to make it more like fiat where you cannot hide from anyone how much you really have because everything should be transparent in order to save yourself from them. Nowadays, they put pressure on some popular exchanges and they gonna faced serious consequences if they don't comply with their requirements or if they find out they have some issues that are worth bringing into the court. That's why we need to get back to the decentralized exchanges in order to have a safe financial revolution without worrying about the SEC and its allies.

The government are threaten by the invention of this new technology, since the invention of this technology it has generated controversy and news mainly because they can’t control the market and use of bitcoin. Bitcoin enables the people to undermine government regulation and it can cause a serious problem to the financial infrastructure system and even destabilize it. If we want to look deep we’ll notice most of this government officials are large holders of Bitcoin.
We should understand that one government does not have a mandate or right to overturn the use of bitcoin, the decentralization makes it difficult. The future of bitcoin is solely based on the people, unless the people decide not to participate in bitcoin then we can see the dissociation of bitcoin. Bitcoin will forever exist if the people accept it governmental bodies can only come after exchangers, this is why exchangers need to be extremely cautious about their dealings because the government are just looking for any slight mistake to be able to bounce on them. Without any good reason I don’t think governments will come for any exchangers that’s is clean from any fraudulent or malicious activity. Crypto exchanger should be extremely cautious about this cause the government are looking for possible ways to probe them and tag cryptocurrency as bad.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Governments that have control and power cannot control Bitcoin the way they control other financial systems.
You are right that Bitcoin is a currency that has freedom for the owner.

For us Bitcoin is currency but not for those who don't want to know how Bitcoin works. Currency for them is sheets of paper that are printed every year and will experience a decrease in value due to inflation and various other events.

Bitcoin has freedom but Bitcoin is not a solution to enrich people from poverty. Bitcoin is just a payment network that makes it easier for people to make transactions.
Anyone can have more than one address which is not available at government-owned or private banks which provide one account number for one person. CMIIW

Everyone is free for Bitcoin investment but in most of the country there are severe control against Bitcoin and as you have mention that those who are born poor will die poor does not make a sense because according to my experience there were many individuals who were poor in their early ages but now they are most wealthy people. wealth comes with your hard work so that it can be true that if you born poor but you are hard working then your pority will end very soon everything is possible in life but if life exist.

But if we take this sentence as those who born poor without any money because babies have no money and a person also die poor because we cannot buried money with him so this sentence can be true.

Achieving financial freedom is possible with the Bitcoin investment therefore all of those who were poor but now invested some amount in Bitcoin then they will surely be wealthy in future .Actually to attain one's dream it is important that not be dependent on a single salary maybe it's a bitcoin or any other job because if you have a job and no Bitcoin investment then you cannot manage the expenses but if you have Bitcoin and don't have any job then how you will accommodate daily expenses because Bitcoin is unable to give you sudden profit.

Quote from: Jegileman on December 17, 2023, 08:15:11 AM

While people love investing with bitcoin is due to they like privacy, bitcoin is kind of investment you can venture into and the privacy is between you and what you invest on, so therefore I believe that bitcoin investment have to do with you monitoring it properly, in the aspect of government, it's obvious that government has find one or two ways they can bridge the existence of bitcoin, so I believe that bitcoin investment is something that have to do with timing and bitcoin is decentralized government cannot know when you invest in bitcoin or not, the decentralized method of bitcoin is what makes it to exist till today, so in summary government don't have the power to restrict existence of bitcoin, only what government is fighting in bitcoin is for bitcoin to be decentralized.

agree on this.

can someone help me accurately baseline the heat (BTU) production of the different machines?

I ask the question on this subject, as I feel that if crypto mining isn't made to be as sustainable as other capitalistic endeavors (aka industries) the "haters" (for lack of a better description of those peeps, that want to tear stuff down because of deep seated fears of change or other BS reasons) are going to use against this industry when trying to tear it down/stop it/hold it back - just insert whatever word your comfortable with.

With the BTU production, all industries that need heat can understand what containers full of miners means for low steam heat and other 'lighter industrial" applications.

Or an anaerobic digester that needs constant heat year round (upper midwest will see gensets used to capture the heat in the summer and boilers in the winter) for the collection of the methane.

Thanks,
Steven

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

I think no government can fully prohibit this technology around the world. This technology is spreading massively and used by many people around the world. If in some countries this technology gets some limitations, it probably is caused by the regulations on the countries. It should take time to be accepted fully by the government, so we just need to be patient, dude. ;)

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin is a freedom currency, it isn't controlled by anyone or any institution. Not sure if it is a dream currency, but surely it will bring good impact if it can be a legal currency globally. We can be easier to transfer it around the world, it doesn't need the third party. However, sometimes this can't be fully freedom when it is used in a country.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Let me just correct you, there's no such quote as "Born Poor, Die Poor", The quote you're probably referring to goes "If you're born poor, that's not your fault, dying poor is". Which still sits well in the grand scheme of things bitcoin included. Bitcoin is the very technology that you can utilize to enjoy a more comfortable life. And I get it, I was one of the lucky few who banked on the bitcoin dream earlier than many of you guys here, reaped the benefits and learned from mistakes. But just because it's this great doesn't mean that governments who ban bitcoin are just selfish pricks that don't want their citizens to become wealthy, there is much concern revolving around bitcoin and crypto that it makes sense for some countries to ban its use.

For instance, we got the anonymity that can be used by hackers and scammers to fool people without getting caught, the fact that it can be used as a money laundering machine by corrupt people and officials, among other issues that leave some countries with no choice but to stop it from being used.

Quote from: Apocollapse on December 17, 2023, 07:55:38 AM

Bitcoin itself is already a freedom, even you live in a country where Bitcoin isn't allowed, you're have a choice to own it through DEX or no KYC P2P e.g. Bisq, Robosats.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

What does Bitcoin has to do with work hard? you can become whatever you want with work hard and it's not always related to Bitcoin if you want to change your life. Bitcoin is just a currency, similar to fiat.

Exactly mate, this is what I did when Bitcoin was banned in my country and there was a crack down on all the bank accounts that are buying crypto, I knew I will be safe because there was never a single connection to crypto using my bank account.

Till this day I still use dex and peer to peer platforms to make purchases because I don't know what could come up again in the future, precaution is better than cure like they always say.

Bitcoin is total freedom, for those who understand it, many people don't know much about the usefulness of Bitcoin yet they hold some Bitcoin, I feel safer having Bitcoin than having some Fiat money, I can't explain how inflation have destroy the value of my Fiat already, it's very shameful.

Bitcoin is appealing for its privacy and decentralization. It symbolizes financial autonomy and protects against government overreach. Lets not ignore the changing. The government cannot directly control Bitcoin, but it may influence its boundaries by regulating exchanges, taxing, and proposing central bank digital currencies. The goal is to adapt to a new financial paradigm, not only ban Bitcoin.

Consider the consequences of this tug-of-war. Bitcoin's decentralization is admirable, but governments wont stay silent. They're investigating blockchain integration into existing systems. This doesnt mean Bitcoin's demise; it just means we must stay vigilant and imaginative.

Future Bitcoin must balance goals with realities of a changing world. We must defend its principles while monitoring government change. Bitcoin's technology and our shared dedication to its values make it resilient.

We know bitcoin as a digital currency is a new technology that is still growing. It is difficult to say what its future will be, as it may depend on market conditions and demand. As part of some experienced global market and policy changes, financial institutions and governments may be concerned. It is difficult to predict which countries will recognize Bitcoin as a global digital currency in the future. Acceptance of Bitcoin as a global digital currency depends on numerous factors, including the regulatory environment, public sentiment, and technological advancements. So far, Bitcoin has more acceptance and acceptance in some countries than others, but it is still far from being recognized as a global digital currency by any particular country.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

1.Nobody "owns" blockchain technology. The people have ownership rights over the BTC in their wallets and the crypto miners have ownership rights over their mining hardware. The governments can confiscate the BTC in their wallets and their mining equipment. Nobody can tell when will the governments decide to confiscate the mining hardware or to ban BTC/crypto trading and mining completely.
2.I think that the saying was "If you are born poor it's not your fault, but if you die poor, this is definitely your fault."
3.Bitcoin isn't some miraculous magic financial tool, that will make you rich(even with education and hard work).

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Even though Bitcoin can make someone rich, your assumption that Bitcoin will help everyone become rich is very wrong. in investing in bitcoin there will always be those who lose because of the wrong steps they take, if you don't have enough money to support your investment in bitcoin then it will be impossible for you to be able to have a lot of bitcoin which can make you rich.
so that poor people can change their lives through bitcoin, they must have good skills and patience, if you want to become an investor then you must have income in the real world and buy bitcoin using the DCA method and if you want to become a bitcoin trader you must have good skills in trading.
In fact, in order for you to be able to earn money from bitcoin paid campaigns, you must have the capital to buy a laptop or other device and also your patience in developing your account ranking so that you are worthy of joining bitcoin paid campaigns.
Bitcoin is the currency of the future and everyone has the opportunity to take advantage of it but still has to have capital (skills and money).

You're being quite selfish. Bitcoin isn't the only path to the success you're talking about. You can't force everyone's fortune into Bitcoin and treat it like a necessity. As long as it remains an easy-to-use alternative, its adoption will grow, and its value will naturally increase. Focusing on functionality and convenience should be considerations for Bitcoin before it can truly reach the level you envision as a money-maker.

Remember, Bitcoin isn't the key to wealth. It's a cryptocurrency that isn't fully accepted by all countries. So, Bitcoin still faces significant hurdles to truly have a better function or at least approach fiat in terms of adopters.

To become wealthy, we can't rely solely on Bitcoin. It's an option for those who enjoy speculation. If Bitcoin is so crucial for everyone worldwide, ETFs should have already announced SEC approval. As long as there are rejections from major institutions, it means there are still many considerations preventing widespread acceptance of Bitcoin.

The concept of Bitcoin is liberty and freedom but I must tell you that the government don't like the idea, is not because Bitcoin is not good, the reason for this act of the government is because they see Bitcoin as a threat, anything the government does not have the power to control automatically becomes stack enemy of the government, the government has been trying there possible best to be in control of the system but is have proved very difficult for them, op, you said something about working hard to earn in bitcoin, I don't see that statement as a real one, the process of Bitcoin is learning about it, have a good wallet for it safe custody and investing through any strategy you chose to be the best for you and wait for the uncertainty that's is behind bitcoin, if you cant wait, then you can withdraw, this journey is personal whatever you chose that's you think that's good for you to do, do it an be happy.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

...//:::

It is you appreciation, like the one that everyone has, in fact I would discard that proverb, very old school subjugated to centralism, ceasing to be poor is relative to ceasing to be rich, both underlie the individualism of the opportunities of each individual, consequently it which are different depending on the environment, the same applies to bitcoin, many see it as a safe haven for their assets, others want the joy of the price to take them out of poverty, others see it as its essence a payment technology, others as a revolutionary technology that allows us to stop the centralization of money, and a long etcetera, then, it makes it accessible to everyone not only from an economic point of view but also from a thinking point of view.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Here are 2 quotes for you.
1. It is not your fault if you are born poor, but it is definitely your own fault if you die poor.
2. Dream is not what you see while sleeping, dream is what does not let you sleep.
Quote 2 seems simple but it takes a lot of effort to express it in real form.
I don't mean to discourage you, but the truth is, how much effort are you actually putting into this Bitcoin dream?
Remember, your hard work will determine your future.

Quote from: Nrcewker on December 17, 2023, 09:26:07 AM

Why would the limited quantity make any difference? Because of the Internet, one can know the up-to-the-millisecond exchange rate between BTC and any number of instruments, including USD for instance. In other words, I can always just say, "give me 10 dollars in Bitcoin" and the computers will figure it out.

The reason people don't use Bitcoin to buy normal stuff is because it doesn't work as well as the other things they use to buy normal stuff e.g. cash, credit cards, and PayPal et. al.

Quote from: The Cryptovator on December 21, 2023, 08:54:28 PM

It's true that Bitcoin is digital money that has been using cryptography. But it's not related to being poor or becoming rich. Also, I don't see anything to work hard on Bitcoin.

Well, I think the "work hard" part on Bitcoin will be the positioning of oneself to get into it during a dip to enhance profit taking during a bull run. This is what we're faced with now for this incoming bull run. Those who aren't working hard now to leave something on the table (so to say, by hodling any bit of Bitcoin) are going to lose out when the real bull begins. Again, Bitcoin is a transformation. An investment in it has the ability of changing a poor situation.

Quote

The main goal of Bitcoin is to transfer money worldwide without third parties using a p2p computer system. But due to volatile behaviour, we are taking advantage by investing in Bitcoin. To be honest, the goal has become an investment opportunity lately.

Bitcoin conception as a payment option has really failed if we factor in what's happening now with the Blockchain congestion going on and the throat cut fees.

This is what the government don't want. They don't want for citizens to have the freedom. That way they won't be able to control them in order to stay in the power. The moment people get their individual freedom, they won't rely on the government and the whole system will fall apart. That's their biggest fear. But becoming something or someone successful does not totally depend on Bitcoin. Bitcoin gives people freedom but it does not give you the ability to become successful.

All you need to learn is about the concept of freedom. If you know what it is and what it does, you can make it happen with something else that can also provide freedom to you. But Bitcoin is a good start if you want to learn about it.

Quote from: Kelvinid on December 24, 2023, 04:43:02 PM

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

Why would the US government declaring it "legal tender" make any difference whatsoever? How would that change the situation we are now in, wherein it's perfectly legal to buy and sell Bitcoin, perfectly legal to pay for something with Bitcoin, and so on?

If you are looking for Congress to force Bitcoin on people, then that's another story, but in the US at least, there are no legal barriers to Bitcoin adoption.

Quote from: Kelvinid on December 24, 2023, 04:43:02 PM

Has Bitcoin needed the support of the government to get to where it is today, the answer is no because Bitcoin didn't need the government instead the governments are looking for a way to regulate the industry in all countries. Few days ago Nigeria lifted it's ban on banks engage with cryptocurrency related activities and other countries are reducing their restriction on cryptocurrency and looking for a way they can regulate the industry.

Bitcoin don't need the government but the government needs Bitcoin because they know soon things won't be done the traditional way anymore but everything will be going digital.

Bitcoin doesn't need the governments to become a globally accepted currency but the government need Bitcoin so they won't be left out. Bitcoin is getting the world attention and soon Bitcoin will be accepted globally as an alternative to fiats for transaction which is what Bitcoin missions from the very begining was all about as it was introduced as a better alternative to fiats currency.

Quote from: Mpamaegbu on December 24, 2023, 03:53:59 PM

Quote from: The Cryptovator on December 21, 2023, 08:54:28 PM

It's true that Bitcoin is digital money that has been using cryptography. But it's not related to being poor or becoming rich. Also, I don't see anything to work hard on Bitcoin.

I still can't believe some people still wait to see the end part of Bitcoin price movement before they go into investment therefore, I will say that we should always try to hold little amount we think we can hold be it DCA. DCA has been of help to people who are poor and can't afford a huge sum of money to invest in it but through gradual accumulation process would help, if the bull run start fully then there are every possibility that with the little amount they have invested it will yield something meaningful to them if they decide to sell off their holdings.

Quote from: Dr.Bitcoin_Strange on December 17, 2023, 02:55:00 PM

No doubt that bitcoin has made the old folk rich as you said, but I want you to know that if the government knew that BTC will be this popular and currency that will continue to outshine there usual traditional currency they would try there best never to allow it go this far, I know that it wouldn't have been easy but they would have tried, presently I don't see anything they can do again about Bitcoin the blockchain technology makes it almost impossible for the government to do anything to btc, btc is everyone currency including the government and there is nothing they can do about it, the more the fight it, the more popular it becomes in the society, as I talk to you now, many people are interested in bitcoin because of both the negative and positive news coming from it.

Quote from: Kelvinid on December 24, 2023, 04:43:02 PM

The bitcoin behaviour of decentralised was influenced by the exchange bitcoin transactions fee,we need for some of the altcoin to tackle the situation again.Because few days back the transaction fee was around 30-35$,So it was ridiculous to the people who want to withdraw the funds from the wallet to exchange for the emergency.Today the price was reduced to 9$ but for the normal price of 3$ it take some more time.Now many bitcoin was staked by the users in many wallet for the fee.It was the biggest reason for the reduction of the bitcoin transaction fee,the traffic was the biggest reason for the transaction fees changes on the transaction.Now the transaction was reduced and the transaction also became the normal one,So we get payment for the Christmas.Merry Christmas 🎅

Quote from: jeraldskie11 on December 25, 2023, 10:20:25 PM

True, everything can be changed with Bitcoin. I'm here in the world of crypto because I believe it will change my situation someday and I think majority of us think the same way. Bitcoin is a type of investment that have lesser risk but can make your investment double in just a short time. There are many things to be invested out there but Bitcoin is the best one, that's why they think Bitcoin is kinda scam. But if you study Bitcoin, you will learn how good it was, it's a game changer.

Bitcoin will be the best investment to make and can change lives if Bitcoin is in the hands of the right investor or person, because to get good profits requires patience and also strong confidence in owning it, and we also have to have the best strategy when buying and selling it return.
Bitcoin is the best and safest investment among other investments, especially for the long term. And in the long term Bitcoin will certainly provide good profits as long as we do it patiently so that we sell it in very profitable circumstances. And the future of Bitcoin will be much more useful and also very profitable, because Bitcoin is the future and also freedom.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Bitcoin means freedom, because I use bitcoin I am free, but we cannot use bitcoin freely because bitcoin is illegal in our country. But countries where Bitcoin is legal are using Bitcoin freely.

You mention hard work, but hard work has nothing to do with Bitcoin. But yes it is true that gaining knowledge is possible to improve Bitcoin, only a knowledgeable person can earn Bitcoin.
It is possible to earn bitcoins if you can invest in bitcoins. So now is the right time to invest in Bitcoin.

Quote from: CryptopreneurBrainboss on December 24, 2023, 08:52:33 PM

Quote from: Kelvinid on December 24, 2023, 04:43:02 PM

Absolutely, Bitcoin's rise to prominence didnt depend on government support; its an undeniable fact. As they catch up, governments control what they initially ignored. The Nigeria case is just the beginning. Governments are recognising Bitcoin's eventual dominance in a digital-first economy, not legitimising it.

I believe Bitcoin's global acceptance is a paradigm leap in financial autonomy, not just a replacement for money. Countries need Bitcoin, not vice versa. They realise they must change or die. Bitcoin's disruptive power is shown by its regulatory scurry.

Bitcoin was created to give a decentralised financial alternative. Its leading the world into a new economic era, and governments must adapt. Bitcoin is the future, and the future is now.

Folks, almost all people, in terms of numbers, invest in crypto using financial institutions that aren't that different than the ones you use to buy securities and other investments. They all have your name, your address, your government ID for taxes (e.g. Social Security Number), and so on. They make you pay taxes on your holdings just like any other holding, or if they haven't, its only because the technology is still new and the governments haven't gotten around to it yet.

I get that it's theoretically possible to buy and sell bitcoin without one of these institutions, but it would be nearly impossible to move your BTC into a currency you could spend on paying your bills like USD for instance.

In short, Bitcoin is, in actual practice, no different than AAPL or GOOG or whatever to almost all people who touch it. Maybe a good investment (if you think it's price will go up), but it's not some kind of revolution.

Cryptos are currently a speculation instrument and there's no sign they will ever be anything else.

NOT that that's a bad thing! The market cap of BTC shows just how much humans need a product like this.

But stop trying to imagine crypto is something it's not...

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

It is not wise for people to say that if you are born poor you will die poor. The thoughts of wise people are not like that because people who want to try to do better will get it if they do it with confidence. Without trying, people cannot have Bitcoin because to get Bitcoin, someone has to do something to be able to buy it or buy a device that can be used to get Bitcoin, such as a mining device.

Bitcoin is the currency of freedom, I agree because the system does not make people constrained. The Bitcoin system makes it easy without third party interference.
I own Bitcoin, so I control Bitcoin because I hold the keys.

Quote from: jeraldskie11 on December 25, 2023, 10:20:25 PM

You are not completely right, although you have made a profit on your investment in bitcoin. If bitcoin does not have a big risk, then you can buy and store it wherever you want in any amount. But the fact is, the larger the amount of bitcoin you currently own, the better and safer your wallet and storage method can expect. That's the reality about risk, but whether the risk is small or large depends on how you use and store it.

If it's all about price, then price volatility should also be considered a risk. You cannot avoid a loss of value when the price of bitcoin falls, even if you are the holder. Bitcoin is a risky investment, if not then you are free to do so without any warning.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

....

i agree that everyone has the right to be able to choose what is best for them, because that is part of human rights, but the reality is that the government has the power to limit the use of assets other than what they allow for the reason that it is to protect fiat and their banking products and prevent disruption to their economic system.

this has already happened in countries such as china, bangladesh, and several other countries, and it is very likely that other countries will follow them in banning bitcoin for economic reasons.

and whether you like it or not, you have to live with this fact that the government regulates what you can invest in or not. and you may choose to violate it, but there will definitely be consequences and if you are lucky you can avoid them or if not you could face a penalty.

Quote from: moneystery on December 26, 2023, 05:39:32 PM

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

....

Yep, that is a fact that is hard for us bitcoin users to swallow. Government can always make their way to control or limit us on using assets that the government has no full control. They always sugar coat things but all they want to do is to regulate it and use it on their favor.

It is really hard to imagine if majority of the countries in the world unites and ban the use of bitcoin, what would happen to bitcoin or whole cryptocurrency, if that scenario happened? I'm pretty sure it would be a chaos but people will still find ways to use it since we still have choices if that happened.

Bitcoin is an independent currency as we all know and currently many transactions are completed by this currency. In many countries around the world, goods can be purchased with Bitcoin and payments are accepted through Bitcoin. However, there are many countries that do not believe in Bitcoin and are afraid to recognize this independent currency in their country, thinking that it will suffer economically. But we have seen that countries that have accepted Bitcoin as a currency have prospered and improved their financial position by investing in Bitcoin. El Salvador was the first country to accept Bitcoin by tender, and the country is currently far ahead economically, as it was reported a few days ago that the country made huge gains. So Bitcoin is an independent currency that always makes a profit, so any country that implements an acceptance will definitely be financially self-sufficient.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Bitcoin and other cryptocurrencies have gained significant popularity and attention in recent years. Many people believe that the underlying technology, blockchain, has the potential to revolutionize various industries. However, there are also concerns about regulatory issues, volatility, and security risks. It's essential to do thorough research and consult with experts, to make informed investment decisions. Bitcoin, like any other commodity in the market today, thrives only as long as people attach value to it. And just like any other commodity, the principles of demand and supply apply to it.
There is almost a 100 percent chance that decentralized cryptocurrencies will be the most common form of money in the coming years. You have to understand that there are numerous advantages of a cryptocurrency over traditional fiat currency. Be it for business or personal use, it will create a revolution in the entire history of mankind, similar to what the internet did years ago. Needless to say, cryptocurrency is a wide door creating enormous possibilities for people to see.

Quote from: ShowOff on December 26, 2023, 05:17:43 PM

Quote from: jeraldskie11 on December 25, 2023, 10:20:25 PM

Bitcoin only has big risk if you don't know when to invest. Investing today without any analysis can make you profitable in the future because I believe the price will going to reach $100k. But it's still an advantage if you know how to analyze the market because you can maximize the profit you can minimize the risk as well.

Higher volatility increase risk but we can take advantage on this since the profit potential is so high.

Quote from: mano jacas on December 26, 2023, 08:07:38 PM

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Your statement reflects a strong belief in the potential of Bitcoin as a means of financial freedom and opportunity, emphasizing its decentralization and potential to empower individuals regardless of their economic background. You're highlighting several key points:

### 1. Freedom and Ownership

You advocate for the freedom to own and transact in Bitcoin without government prohibition, emphasizing that Bitcoin represents a form of "freedom money" akin to national values associated with freedom.

### 2. Financial Empowerment

You highlight Bitcoin's potential to break traditional economic barriers, suggesting that through education and hard work, individuals can improve their economic status, portraying Bitcoin as a tool that transcends socioeconomic limitations.

### 3. Future Financial Security

You express the importance of saving Bitcoin for the future, emphasizing its role in securing financial stability for oneself and future generations.

### 4. Bitcoin's Essence

You assert that Bitcoin's core essence lies in its ability to provide financial freedom, security, and opportunities to individuals who engage with it, making it more than just a digital currency.

Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.

It's important to note that while many share this viewpoint, the regulatory landscape around Bitcoin varies globally, with different governments and regulatory bodies having varying stances and policies regarding its use, ownership, and regulation. Discussions around the regulatory framework of Bitcoin often involve complex considerations regarding financial systems, security, taxation, and consumer protection.

Advocating for Bitcoin's freedom aligns with the ethos of many within the cryptocurrency community, who believe in its potential to redefine financial systems, enhance financial inclusion, and provide individuals with greater control over their financial destinies.

I honestly couldn't have said it any better. While it is true that there are unquestionable advantages and abilities that Bitcoin can provide to various states and counties that legalize its use, we can't also ignore the fact that there are various factors that need to be considered here. Moreover, reiterating what you have stated it is without a doubt true that different countries run different governments and regulations that are vital in making significant decisions or changes such as the legalization or acceptance of a different currency as it will prove to provide a significant change in the market and economy of the country as a whole. Hence, it should be considered that while legalizing Bitcoin may work for some, there is also a high probability that it will not work for others as differences and gaps exist.

Quote from: legiteum on December 26, 2023, 09:20:30 PM

Quote from: mano jacas on December 26, 2023, 08:07:38 PM

Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.

Wouldn't physical cash be more censorship-resistant since Bitcoin has a public ledger that allows authorities to potentially trace transactions?

Cash without a doubt holds some advantages over bitcoin, however cash is controlled by governments or central banks and it can be printed in massive quantities, there is also a war on cash by the governments and it will not be long until cash disappears and only digital money remains, there are limits to the amount of cash you can move when traveling to a different country, even moving huge amounts of cash a short distance is a problem as now you need to secure it in ways a form of money like bitcoin does not need, so as you can see the advantages bitcoin has over cash are also quite important.

Quote from: dothebeats on December 27, 2023, 09:48:19 PM

Quote from: mano jacas on December 26, 2023, 08:07:38 PM

-snip-

Of course - this is quite understandable.
Every country that legalizes bitcoin will gain benefits which will ultimately help the economy and state coffers. Taxes are one profit target that can be considered - while increased local economic turnover in various business sectors can also be expected.

Quote from: dothebeats on December 27, 2023, 09:48:19 PM

Moreover, reiterating what you have stated it is without a doubt true that different countries run different governments and regulations that are vital in making significant decisions or changes such as the legalization or acceptance of a different currency as it will prove to provide a significant change in the market and economy of the country as a whole. Hence, it should be considered that while legalizing Bitcoin may work for some, there is also a high probability that it will not work for others as differences and gaps exist.

Hmmm - the potential for adoption failure might be worth considering instead of just imagining success. However, the system can still be regulated as long as the government is always open to supporting change. They can get an idea of how other countries are doing - if there are obvious mistakes, then other countries can still correct them by not making the same mistakes.

El Salvador is not as perfect as one might hope for in terms of adopting bitcoin as a legal currency - but all countries wishing to adopt bitcoin as a means of payment can use El Salvador as a benchmark for better adoption. In-depth research and openness to change must be a consideration if you want to adopt bitcoin as a legal means of payment – it must also be supported by all groups in society.

Quote from: South Park on December 27, 2023, 10:04:02 PM

Quote from: legiteum on December 26, 2023, 09:20:30 PM

Quote from: mano jacas on December 26, 2023, 08:07:38 PM

Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.

Wouldn't physical cash be more censorship-resistant since Bitcoin has a public ledger that allows authorities to potentially trace transactions?

Bitcoin, being a digital medium, can be traced by governments, as we've seen them do quite often in the past few years.

Meanwhile, tons (literally, thousands of physical pounds) of cash gets moved around by criminals all of the world without any government knowing anything about it. I suspect if you asked any oppressive government in the world whether they'd like their dissenters transacting in bitcoin or physical cash, they'd choose bitcoin.

I get the arguments that the US dollar could crash in value, but the subject here was about censorship, not value store.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

But the way we can achieve more of the dream is when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

I am with you on this one and in a perfect world the technology that does the most good for the majority of people would be adopted without any issues. Unfortunately we don't live in a perfect world and the government had different goals that the average person living in that country. For the government it would be perfect to have an economy that only runs on a digital currency, as long as the state has the monopoly and full control over the money supply of that digital currency. Transactions are being processed instantly and no more chances to operate outside of the reach of the government. Tax evasion would be something of the past and the government would able to enforce all their new laws without problems. Which is probably why we are not going to transfer to a digital currency only world any time soon. Citizens are never going to give up all their cash rights freely and would probably rebel against a party that would try to change it. For the citizen it would be interesting to switch to an independent crypto economy, but the politicians would never accept moving to a digital currency where they have no control over the money supply, as they wouldn't be able to run constant budget deficits.

Quote from: Games.Bitcoin on December 28, 2023, 06:12:56 PM

Bitcoin is considered to have a promising future as a digital currency. The decentralized nature of Bitcoin is built on blockchain technology that provides a level of transparency and security. What is not inside traditional currency. Bitcoin has micro-transaction facilities, technological development, aims to address scalability issues. However, some problems with cryptocurrency remain. As not all countries have legalized it yet.

Bitcoin is legal in what probably amounts to about 80% of the world economy, so what difference will it make for it to be legal in the other 20% in terms of a major breakthrough in adoption as a digital currency? It's perfectly legal in the USA, and there's virtually no adoption of crypto as common currency. If you want to solve problems, look to what is happening in the biggest markets, not the outliers.

Quote from: South Park on December 27, 2023, 10:04:02 PM

Quote from: legiteum on December 26, 2023, 09:20:30 PM

Quote from: mano jacas on December 26, 2023, 08:07:38 PM

Your viewpoint aligns with the ideological foundations of Bitcoin as a decentralized, borderless, and censorship-resistant currency, promoting the idea of financial inclusivity and self-sovereignty.

Wouldn't physical cash be more censorship-resistant since Bitcoin has a public ledger that allows authorities to potentially trace transactions?

In my opinion, in principle there is no such thing as absolute right or wrong. Of course everything has its pluses and minuses, the fiat money system is sometimes good but I'm sure it can't be sustainable in the long term, it's the same without leverage. So in conclusion, what happens happens.

But I'm sure in the future, I don't know when that will happen. crypto will remain crypto. Will be used for large-scale buying and selling. But it's different from Fiat. So what happens in the future? Physical money will disappear and can no longer be used because it is a hassle. Same story with the disappearance of the Barter system. Bitcoin will be paired with Gold for buying and selling. Ultimately, we thank the Fed, as their tenure in the world economy has come to an end.

Quote from: ndutndut on December 28, 2023, 08:29:37 PM

But I'm sure in the future, I don't know when that will happen. crypto will remain crypto. Will be used for large-scale buying and selling. But it's different from Fiat. So what happens in the future? Physical money will disappear and can no longer be used because it is a hassle. Same story with the disappearance of the Barter system. Bitcoin will be paired with Gold for buying and selling. Ultimately, we thank the Fed, as their tenure in the world economy has come to an end.

I get that cash will be supplanted with credit cards etc. (including payment systems like ApplePay or PayPal).

And yes, gold is a good analog for Bitcoin: people buy and sell it all of the time, and use it as an investment, but you don't see people going to a restaurant or even a car dealer and handing them some gold bullion to pay.

Lots of people here keep repeating the theme of the Federal Reserve being diminished somehow but I don't see any connection to the conversation. The US Fed is as prominent in the world economy as it's ever been, so why would it diminish? And what would crypto have to do with it?

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Bitcoin can be a way for us to be free from financial matters if we know it right and how to use it. But it's not easy to do, but Bitcoin has helped many communities in terms of finance and opportunity for anyone who believes in it.

But let's just remember that it can also be a way for us to be destroyed if the method we use with what we discover here is wrong. Because if we look at the bright side, it will really bring good things to those who believe in Bitcoin.

Bitcoin is the first decentralized cryptocurreny that is created to exist outside the alterations or Intervention from the government.it was mainly created to offer financial freedom and operate directly without any intermediary like the banks.
Bitcoin is regarded as the first decentralized cryptocurrency using blockchain technology to facilitate payments and digital transactions.
It does not exist in physical form (like paper money) and is typically not issued by a central authority.

I so much love the fact that bitcoin is offering or bitcoin has rendered so many options/reasons to trade,mine and own a bitcoin.Years to come bitcoin will offer us greater chances or benefits for trusting it.The future of cryptocurreny as a digital currency is indeed promising to us,as it enhances the privacy and security of every taken transaction..its a life changing revolution we all must adapt to.

Quote from: harapan on January 14, 2024, 11:34:57 PM

[...]
it was mainly created to offer financial freedom and operate directly without any intermediary like the banks.
[...]

And yet today, most (almost all?) Bitcoin transactions are done using some intermediary like a bank, an app, or other financial institution.

Bitcoin today, in actual reality, is mostly a meme investment, not a means of payment or value transfer.

And after over a decade of trying and billions of dollars thrown at the problem, I think it's time to throw in the towel and just get used to Bitcoin and cryptos generally to be limited to the (very very large) business of meme investments. This is the way most people use Bitcoin today, and it's just fine.

Quote from: harapan

I so much love the fact that bitcoin is offering or bitcoin has rendered so many options/reasons to trade,mine and own a bitcoin.Years to come bitcoin will offer us greater chances or benefits for trusting it.The future of cryptocurreny as a digital currency is indeed promising to us,as it enhances the privacy and security of every taken transaction..its a life changing revolution we all must adapt to.

Bitcoin has done a lot of things to the users that is making them to trust Bitcoin more than any other cryptocurrencies in the market, because whenever the price of Bitcoin is increasing in the market other cryptocurrencies price will follow and many investors will make a passive income from the market at the moment. If you want to enjoy Bitcoin investment very well, try to purchase Bitcoin when the price is very low and hold for a long term, I believe you will definitely benefits from your holding when the price hit higher. Many countries came to believed decentralized currency through Bitcoin and they prefer using Bitcoin more than any other cryptocurrencies, because of the kind of income they are making from Bitcoin in the bullish season.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

-snip-

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

-snip-

I don't know why you idolize Bitcoin so much like it gives you a path to success. Believing in Bitcoin is okay, but when you say that with Bitcoin someone who was born poor and works hard can become whatever he wants, it's very funny, because even without Bitcoin someone can become successful if he works hard and smart. Moreover, you cannot be 100% sure that with Bitcoin everyone who invests in it will be successful, until now there are still people who have lost because of investing in Bitcoin because it has risks and volatility. So think smart, don't just type whatever sentences come into your head.

Quote from: NNRR on January 15, 2024, 07:31:40 AM

Bitcoin is a very security platform here there is no chance of your asset getting lost even you don't need any third party to do any transaction you can transact only in P hat so your asset is always safe with you without following the government of every country in the world It should be worked on how it can be improved because if bitcoin becomes available all over the world, people's lives will become much easier. Governments of different countries are actually going to understand why many countries' governments do not want to give bitcoin legally?

And yet almost everybody who uses Bitcoin uses it with some sort of app or bank or institution that means your asset is in the same boat as keeping your money in an ordinary bank--except that the systems your wealth is stored in was invented 18 months ago and not 40 years ago, so it's probably got a lot more bugs.

How many Bitcoin investors do you know who keep their private keep in their own person? Seriously?

Prospects for Bitcoin as a digital currency are attractive. The ideas and patterns listed below could direct it: Interoperability, mainstream adoption, cross-chain solutions, technology breakthroughs, smart contracts for Bitcoin, improved security protocols, regulatory advancements, resolving environmental issues, broader applications, community, and governance.

Continuous development of decentralized governance frameworks that incorporate community feedback into decision-making to ensure network modifications meet user needs.
Remember that the cryptocurrency market is unpredictable, and many factors could affect Bitcoin's future. Technology, government, and market dynamics will shape Bitcoin's future.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Governments CAN prohibit the use of BTC by enforcing the rule of law. Especially through centralized exchanges. What they can't do is shut down the whole Bitcoin network because of the way it was designed (decentralization/censorship-resistance). It's still possible to get access to BTC "under the radar" of the government via alternative methods (particularly DEXs, using a VPN, etc). But be prepared to face serious consequences if you're caught doing so.

Fortunately, not all of the world's governments are against Bitcoin (and probably never will). If you're living in a country that prohibits the use of BTC, you can move to one with friendly crypto regulations for complete peace of mind. Thank goodness Satoshi made BTC an open source and decentralized cryptocurrency. If it wasn't because of his creation, people would've never had the ability to become their own bank (financial freedom). One would hope Bitcoin stays that way forever. ;D

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

it is obvious that government does not have anything concerning Bitcoin only thing I know that government have to do in Bitcoin is to condemn the existence of Bitcoin but nevertheless in Bitcoin investment will continue yourself Bitcoin introduction does not stop the existence of Fiat currency accepted in all the country as their traditional currency, so Bitcoin can to support resistance of Fiat currency but it does not come to hijack the Freedom of transitional currency which is Fiat currency

Quote from: CoinFoxs on January 16, 2024, 09:13:43 PM

Quote from: 0t3p0t on January 16, 2024, 10:04:49 AM

Bitcoin is just a tool for us too possibly reach our dreams of financial freedom but if we are doing nothing about it we won't succeed of course. No matter what will happen "keep calm and buy Bitcoin" that is what other investors will tell you and I think that was proven and tested by many.

Exactly bitcoin is a tool for us to reach our dreams of financial freedom but to fulfill these dreams we must have handsome capital amount to invest in bitcoins, not all people have that much capital but yes bitcoin is profitable and definitely make people financially stable.

But it will never be that easy. I'm very thankful for bitcoin and crypto currency because it has given me a lot of opportunities, and because of that, I have become more financially stable. I didn't need to ask for money when I was a student, but now that I work for a corporation, I still have an extra income, which really helps me with my expenses or buy the things I want and need. Surely bitcoin could help you change your life if done correctly. It's not just investing and expecting a reward. Every investment should be done carefully and should be thought through thoroughly. Let's not tell people who don't have any idea about bitcoin that it is as simple as this. No, bitcoin is a complex thing. It can be either a life-changing thing in a good or bad way, so be careful, but feel free to explore and invest. No one will stop you, not even the government, as there's no one who owns bitcoin.

Quote from: Assface16678 on January 18, 2024, 10:54:38 PM

Quote from: CoinFoxs on January 16, 2024, 09:13:43 PM

Quote from: 0t3p0t on January 16, 2024, 10:04:49 AM

Indeed, the main hope with Bitcoin is to achieve financial freedom, but this can be successful if done correctly, otherwise it will actually result in disappointment. Knowledge is the main thing before deciding to invest. Many people only fulfill their desires without being equipped with knowledge, so this will have fatal consequences if it continues. But as long as you have knowledge you will be fine

Quote from: 0t3p0t on January 16, 2024, 10:04:49 AM

A tool for success but also a tool for big losses.
Until these days, the future of Bitcoin remains uncertain but we are optimistic for good and making people once live to change. Early investors prove that Bitcoin is a great and profitable investment long term but this won't assure anyone as it depends on us - funds security and investment strategies.

Despite the continuous price increase and adoption, we still do not know what will happen next. Some businesses are already accepting this as a mode of payment but the majority are still not because of its volatile behavior. We can't say how far it reach...

Quote from: CoinFoxs on January 16, 2024, 09:13:43 PM

Quote from: 0t3p0t on January 16, 2024, 10:04:49 AM

actually if you are trusting this market specially bitcoin then there is no need for a
Handsome capital because we can just keep it holding for years and our funds will be multiplied , no
matter how much it can cost as long that you can keep them holding bitcoin will surely increase
its value to huge amount someday.

Quote from: Questat on January 19, 2024, 07:09:44 AM

Quote from: 0t3p0t on January 16, 2024, 10:04:49 AM

Man you have been here for many years now and calling bitcoin to be uncertain is
something out of line because how many times have you seen this coin growing x2-5? how much
is the price of Bitcoin when you started learning this? if that can be called uncertain then maybe
better to leave the market then.

Quote from: retreat on January 15, 2024, 07:57:13 AM

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

-snip-

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

-snip-

Not only the OP but many people also have similar thoughts, they idolize and consider bitcoin as a supreme being that will help them solve all problems. This is a consequence of many people spreading bitcoin in an exaggerated way, many people only spreading the benefits of bitcoin such as only talking about profits, decentralization...and they don't mention the risks of owning bitcoin.

Honestly, spreading bitcoin is a good thing but we also need to share everything about bitcoin with them, spread the truth and not exaggerate bitcoin more than necessary to newbies. That won't help and it will even harm newbies, and won't make bitcoin any better.

Quote from: NNRR on January 15, 2024, 07:31:40 AM

I just wish you have concrete idea about what you have written. Your Bitcoin can be lost if you don't keep it safe. Many of these hackers are creating softwares and viruses that will be able to steal our seed phrase when it get compromised. I have see people lost their Bitcoin assets because they were not smart enough keeping their information safe. Some investors still made the mistakes of backing there seed phrases in the email thinking it's very safe but the opposite was the result. The cryptocurrency market is very versatile so as investor, we need to be sensible any the nature of the market and how we can make profits for ourselves as investors or traders.

Quote from: DanWalker on January 19, 2024, 09:20:29 AM

What makes me sad about posts like these is that the price of Bitcoin could fall drastically just like any other highly volatile investment. Then all of these people will be wiped out because they were told Bitcoin only goes up and never goes down, like it's some kind of magic asset.

And what's even more galling to me is that this has already happened in the past, wherein Bitcoin dropped by half in price. Yet people here still talk about it like it's a way to make money "forever".

What this is setting up is that, when the price of Bitcoin does fall, then people will think it's terrible and they've been cheated...

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

Bitcoin is the biggest digital currency and sure if you have accumulate Bitcoin at good price you it can change your life style when it will reach it new all time high but the thing is that if you have accumulated good amount Of bitcoin at low prices then it will be more good for you.

i was reading a thread the with title bitcoin surpasses silver and i would say give it a fair time you will see it will gold market cap as well. i have seen it surpassing many big companies market cap which is big achievement of bitcoin.

Quote from: snowpega on January 19, 2024, 04:26:31 PM

Everyone who has bought Bitcoin at low prices and is still holding it today, of course that is very good and has also changed their lives financially. I consider this a victory for those who still faithfully hold Bitcoin that was purchased at a low price, because such people must really believe in Bitcoin and would feel it would be a shame to exchange it again at a price that is not high enough. And for other things, it is also possible that Bitcoin could surpass the market capitalization of precious metals such as gold because Bitcoin will continue to be better than any currency.

Quote from: CageMabok on January 19, 2024, 05:00:24 PM

Yes, dear i do agree with you and i used to think that those who have traded their Bitcoin at very low prices must repenting these days when it is going to make its new all time high like they just trade it for sake of some money haha... well what can they do as well right as there is no one who can predict the future 100% correct. Things changes time to time and keeping developing. As you aforementioned "those who have still holding it faithfully" will be very happy in present today.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

The freedom Bitcoin gives has been one of the reasons it gains quick adoption by investor who are looking to have an investment independent of any form of regulation or control by any body or government while it still maintains a good profit yield over the period of the investment, if this freedom is taken away from Bitcoin it's very possible a good number of investors may find alternative investment which could avail them such a freedom but then the future of Bitcoin is not looking like such that will loose the freedom that comes with investing in Bitcoin.

Dreams can be achieved with Bitcoin which includes getting rich too but then it's not a quick means, just like you stated you will have to learn about it and work hard towards achieving your dream with Bitcoin and I'm sure there's more possiblity around it than you may know.

Quote from: ChiBitCTy on January 19, 2024, 05:02:55 PM

Right now bitcoin is highly disappointing to me. I have always held the belief (even though some or many disagree with) that in order for bitcoin to truly be adopted/utilized by the masses, than it needs to be able to be used as currency, even for micro transactions. I really wish the Devs would fix the issues with the meme pool being clogged ( fn ordinals).

Devs already proposed a solution to the "Ordinals problem". It involves filtering TXs related to Ordinals by tweaking the node software a bit. But doing so would bring censorship into the BTC blockchain. Raising the block size is not a solution, but rather an aggravation to the current issue. It will give more room/space for the "attacker" to keep flooding the network with Ordinals inscriptions. So either we move to the LN, or an altcoin with lower network congestion.

I think it's too late for Bitcoin to be used as digital currency. Especially when institutional investors joined the craze. They consider Bitcoin as a store of value. Why would they change their perception of it anytime soon? I'm sure developers will keep BTC as is just to please the wealthy instead of average people like you and me. Only time will tell. The future can't be predicted, so lets hope for the best. :)

Quote from: Abiky on January 24, 2024, 11:44:59 AM

Quote from: ChiBitCTy on January 19, 2024, 05:02:55 PM

Cryptocurrency opposes censorship, but I see a compromise. Balance is key - not too loose, not too tight. I trust the developers to adhere to Bitcoin's decentralization. This is sensible, responsible innovation.

Regarding Bitcoin's digital money role, I hear you. Now that major institutional players are involved, it seems more like a gleaming digital gold than a daily cash. And who knows, this could change again? Bitcoin always defied convention. It may surprise us yet.

Sure, "pleasing the wealthy" is a concern. Personally, I think the Bitcoin community is stronger. All of us matter, not just the big players. Bitcoin is a grassroots movement at its core. Every voice matters on this path. Continue to believe, participate, and hope for the best. As much as the developers, we hold Bitcoin's future.

Quote from: Blitzboy on January 24, 2024, 01:42:20 PM

One would hope the Bitcoin community acts in the best interests of the project. Not Wall Street. I know Michael Saylor and Elon Musk want Ordinals to stay on the BTC blockchain. But the decisions lies in the hands of the community. That includes average people like you and me. And let me tell you, the vast majority won't like worthless NFTs that would cause a huge spike on network fees. We all want cheaper fees so we can use Bitcoin on a daily basis. Just like money.

If fees stay high, Bitcoin would only be used as a store of value (like Gold). The future of the pioneer cryptocurrency is uncertain. Time will tell what will happen with BTC. At least, we have plenty of options to choose from. ;D

The future of bitcoin as a decentralized means of payment is widely growing round the globe.The decentralized nature of bitcoin has brought about freedom for users around the globe using decentralized exchanges-P2P.The freedom bitcoin has brought to world can allow users to send and receive bitcoin in any part of the world without obstruction and network issues by third parties, bitcoin is faster and more reliable means of payment that can be sent to users within an hour.Bitcoin has come to stay and will soon be adopted and accepted as a legal tender by countries and government,countries like El Salvador and Central African Republic understood the importance of accepting Bitcoin as a legal means of exchange.

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

To be real you must have had something very interesting to say but I guess you didn't well construct your post, lots of things I didn't understand.

I totally disagree with that quote, if your born poor you must not die poor instead somebody rich has to be born out of you and that your responsibility, even without bitcoin many of us here won't be poor and I don't think bitcoin investors or holders do it because they want to come out of poverty, it's such a lame belief, bitcoin is only a good source for us to get good profits on our investment and more over it's future money if you ask me, it's designed not to suffer from inflation like fait, do with bitcoin I am certain that my one bitcoin would always equal the value of 1 bitcoin in every time,unlike fait that 10 dollar of yesterday is now worth even lesser.

Most people invest in bitcoin for the empowerment it offers than as a means to redeem you from poverty, bitcoin can't save you from poverty, it can only offer you a means to make profit and store value , you can only gain wealth out of bitcoin if you do the right thing by continuous accumulation and holding, you would remain poor if you are not in this cartegory.

OK I actually got what you were trying to say, you just wanna release Bitcoin with humanity, believing in future working hard to Money and purchase Bitcoin as one of the future currency. I don’t actually know if I got your point right but I just give you a hint of what I feel because you did not make your point clear, yes it is always good to work hard and whichever way you can work to earn Bitcoin,it is always important. bitcoin is a digital currency that has massive future, is the dream of digital world d. in the aspect of if someone is born poor, whether you are poor or rich if you are aware of bitcoin and you try to have some that is definitely OK for you because you make profits in future you also need the capital to bitcoin into your wallet, so all depends on personal decision. There is no really matter if you’re born or rich. You can do unknown transaction between buyers and sellers. please you know I don’t really know what Bitcoin has to do with working hard and what you said, next time you wanna make a post you put it in the correct statement and a good sentence. And always check the reply section after your post to help you structure your next article here. because bitcoin is future currency, when looking at what is coming in the future, and the present situation of Bitcoin, and how far it has increased. you should already know that something bigger is coming ahead so let’s prepare.

Quote from: Jegileman on December 17, 2023, 08:15:11 AM

Yes, Bitcoin gives us maximum freedom in the financial world. Here you can control your Bitcoin as you wish and without any obligation, you can trade huge amount of Bitcoin in just a few minutes. no one else's authorization is needed in this case. And for this you do not have to be accountable to anyone. Nothing in the world can offer financial freedom like Bitcoin. so as a digital currency the future of Bitcoin is expected to be very good

Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Bonkume on December 17, 2023, 07:37:43 AM