Bitcoin Forum

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom. You can send money across borders without asking permission, protect your savings from inflation, and support causes even when governments try to silence them.

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

Well, most people don't look at it that way. Nowadays, people barely care about privacy or anonymity when it comes to their transactions or financial activities, maybe some people do, but most people don't, and it is also because they believe they can't get out of the chain they've been in not for decades but for centurie,s because their ancestors have been in the same system as them.

Those who understand what Bitcoin actually can do and how useful it actually is will find that the profits generated through Bitcoin will become of secondary importance to them, and they will start liking its functionalities and properties. Most people these days, unfortunatly, don't even know why Bitcoin was created in the first place, all they know about it is that it's an asset that people can use to make investments and make money.

People like you who understand the actual use case of Bitcoin are rarely found anymore, and that's very unfortunate, if you ask me. :)

Bigger countries play it smart and just implement BTC into their existing services. So it's still up to you whether you want your custody or not, with BTC or any other crypto, imo.

BTC is true freedom, yet because of it, all the parties may use it to twist said meaning and true purpose.

Bitcoin was not only made for the valuability of preferring profits of holding values but also other use case such as it unification network consensus that transactions can be made across borders while users privacies remains intact and still keep self custody of users funds without the impact of a third party nor authorities to give directive of when and how to use your funds under regulatory system.
So there are lot of factors that drives individuals interests globally on the adaptation of bitcoin. Let's us recognize it digital factor that it keeps values safe against natural disasters which is also one of it characteristic that bitcoin is breaking the terror of uncertainty and the tension of loosing economic values and the deprivation of individual monetary rights.

Yes, apart from the fact that there are people who don't care about privacy and, for example, buy bitcoin and store it on CEX, there are also very restrictive laws such as those in the EU. So we haven't gotten off that lightly. If you live in the EU, you can't spend bitcoin or exchange it for fiat without KYC within the law. The only thing that escapes this are p2p exchanges, but they represent a very small space.

Here in my country, Brazil, we are suffering greatly from extremely high taxes, a corrupt government, high crime rates, and a government that wants to tax all of our financial transactions and investments...

And BTC is emerging as a great and almost unique opportunity for citizens to have some certainty and security for the future
It is not yet commonplace in the daily lives of most of the population, but people are asking more about BTC, wanting to know how to protect themselves, etc

Sometimes we think we will never really need something like this, but when the situation starts to get worse, it is an immense privilege to have a little BTC saved for the future

You are very right that bitcoin is a financial freedom but do not forget that Bitcoin transactions can also be tracked and monitored as well. Nowadays even mixers are beginning to request for some KYC. So I'm trying to tell you that Bitcoin transactions as very much transparent. The most important thing is that it can not be controlled by the government. You can always have full control over your Bitcoin asset when you have your passkey and your seed phrase. But people who normally keeps their crypto asset on exchange don't really know what they are actually doing because their are not in control of the asset in the CEX.

There are many warnings about centralization, centralized exchanges, platforms and very high risks from them but people mostly don't take valuable warnings into account. They ignored such vital warnings, took risks and believed they will be well bit eventually they won't be well but fall into terrible situations.

Reminder: do not keep your money in online accounts. (https://bitcointalk.org/index.php?topic=5421039.0)
Why KYC is extremely dangerous and useless. (https://bitcointalk.org/index.php?topic=5221497)
Events made you scare about custodial wallets, centralized exchanges. (https://bitcointalk.org/index.php?topic=5509759.0)

Bitcoin transactions can be monitored by the government but if you’ve not used it for anything illegal, then you don’t have an issue with that. Transactions here are public and cannot be denied to not be tracked by the authorities when used illegally. When you’re using bitcoin for illegal stuffs, you can be tracked because spending it mostly goes through centralized platforms which you may have KYC’d on.


Bitcoin was actually invented to serve as an alternative to the fiat currency, so it is very clear that bitcoin is already serving its purpose with the drift into its use by many people. Inflation has been a very serious issue that affects many businesses and households, but with Bitcoin, it has now served as an edge against inflation. The decentralization of Bitcoin till date is what has made Bitcoin stand out amongst other cryptocurrencies, without it being decentralized, we wouldn’t have come this far with the adoption of it.

Since banks and governments are the norm, it’s hard for people to imagine a life without those. Even now, people use centralized exchanges which are comparable to banks to buy, sell, and store their bitcoins in. One might wonder, what is the difference if this is the case? But at least people are starting to wake up bit by bit.

It is absolutely true that btc has really opened us up. We can transact completely without any worries. I can do my transactions as I please, no one is in control. We are really happy to have such a medium. Bitcoin allows me to transact completely freely and move forward. At the beginning no one could have imagined that Bitcoin would become like this.

In  Bitcoin every transactions can be fully tracked and monitored hence why it's considered a public ledger
The privacy in it is pseudonymous.
What Bitcoin gave was the ability to be in control of your funds without relying on the government or other third parties.

Or find a way to give control back to the government as we can see with users holding on CEX
Or relying on third parties to hold their Bitcoins.

Yes, we are very grateful for Bitcoin for many reasons, including that it gives us real control over our money and frees us from the absolute control that governments exercised until recently, before the advent of Bitcoin.

However, I fear that governments could indirectly circumvent the great advantages (we have gained through Bitcoin) through centralized third-party services and by imposing KYC and AML restrictions.

We have not fully escaped government centralization, the centralized exchanges we use requires us to submit and verify KYC. Government can monitor how are funds move, if they want to keep record.

It is hard to keep a decentralized body without the government not trying to control part of it, the access to botherless transaction, at our convenience, faster and cheaper fees is the other part of bitcoin that tells us about its decentralized state and not controlled by government.

Bitcoin was majorly introduced in serving as an alternative to the fiat currency we all have been using over years, but it pains when you see that some are given this same privilege and yet they couldn't realize to why it is needed of them to join the decentralized network and have the necessary freedom with their finances, some are not adopting doesn't mean that every does the same, if we have the opportunity, then the earlier the best we grab it and take advantage as many of us already have done by bitcoin adoption.


Government couldn't have done anything related to this in life for us if not for bitcoin, because they had always wanted to be in control of our financial stand, that is why every protocols in centralized finance is base on their regulations to control and authorize, but bitcoin served as a game changer for them all, we don't have to be in fear of taking over what belongs to us, because its all about a decentralized system this time with bitcoin.

Many bank accounts in my country were frozen because the government suspected that the funds inside came from illegal means. At a point people were forced to sell off all fgw foreign currencies in thier account because the Central Bank wants to promote the us of a declining local currency. The government also restricted bank transactions to a certain amount because it claims to be fighting money laundering. But most of these claims are fake. The government simply want to control the financial life of all citizens.

These situations made many people use Bitcoin to bypass these restrictions. Bitcoin's biggest advantage is not profit but freedom, privacy and decentralisation.

Speaking of being free from government control, I think it all depends on the country you're coming from because in my country there are some certain platforms that restrict users from making purchase through bitcoin, Here in my country I barely see people purchasing goods and services online unless they will have to make the order outside the country and before this goods will be delivered it can take probably 3 to 4 weeks or so before the goods can get to the owner. Which there are some certain things that we May want to get as soon as possible then we will have to convert our bitcoin to fiat before we can get those stuffs. Those who are coming from those countries where bitcoin is made a legal tender can boast themselves about gaining financial freedom as they have been giving the right to decide either to hold bitcoin or fiat.but here you can't use bitcoin to make purchase.

And not only does it free us from the tyranny of a dictator government, it also is based on a public ledger. So everything is fair, transparent and incorruptible. That not only protects us from third parties but also protects us from exploits and hacks. We can always check what is happening on the blockchain.

The crazy thing is that the IMF has been giving millions upon millions to all of those countries for years and using the federal reserve as its instrument for these global collateral accounts for other countries and they dont even use the money for the intended purpose because the government is corrupt! The end game is to get full control of these world leaders and habe them in so much debt that they are owned and pushed into a world government scenario where they have full control. Bitcoin is a serious threat to the status quo and probably the most important innovation in the last 100 years!

Bitcoin really does improve our quality of life in that sector.

You can literally send bitcoin anywhere without the need to ask for permission, using bank you'd more likely to be asked where you sent the money, with bitcoin the blockchain just don't care it will process your transaction regardless.

So there's lesser hassle, middle men, and fee involved.

I've rarely used remittance service these days, bitcoin already do all that for me, truly revolutionary.

In my country in Europe while its not as bad a Brazil we dont have a corrupt government
and crime rates are falling, we do have high taxes and taxes for just about everything, we
do have rising inflation.

The government has savings schemes in place which offer 2% AER which doesnt
really offer much when inflation is at 1.7%. so after 10 years your money is no better
off for a "savings scheme"

Bitcoin offers among other things a secure place for everyones wealth. The key though
is to be fully independent and take full custody of it.

You are correct. Bitcoin constitutes a huge threat to the status quo and to the poet's that be. As such, we should realize that Bitcoin will be attacked from all sides and angles.

That means on and off ramps, exchange regulations, financial censorship, and the weakest link in my book is the core team. I think it's easier to infiltrate core than try to take control of all exchanges and wallets.

This is why I believe the current spam war is the most imminent danger to Bitcoin right now.

Run a Knots node.

Frankly, it's no longer possible to conduct transactions without banks. While Bitcoin's initial purpose has shifted somewhat, the general expectation now is for it to be used as a means of payment in everyday life. Perhaps, as interest in Bitcoin grows in the future, we may see banks gradually phased out. However, it wouldn't be wrong to say that the possibility of banks leaving the system is currently impossible. The banking system is currently essential for many economic values.

The demand for bitcoin is growing and even growing rapidly but unfortunately most people are entering this market to invest, speculate and get rich quickly. No one uses it as a replacement for banks or traditional payment methods. So even if it becomes globally popular, banks will never be weakened or gradually phased out.


Worse yet, banks will integrate bitcoin into their systems and people will deposit bitcoin in banks. Just like how many people are investing in bitcoin through ETFs and CEXs. If they trust centralized institutions like ETFs, there is no reason they would refuse to deposit bitcoins in banks.


Ultimately, we will never stop depending on and cannot escape from banks and governments.

You think? Centralized exchanges currently dominate the market, while institutional investors (Wall Street) and mainstream governments are going all in Bitcoin. This is far from breaking "free" from government control, imo. While you can use Bitcoin in a non-custodial way, you'd still need a Fiat off-ramp to turn it into cash. The only way to do this is by depositing your BTC at a centralized exchange. P2P trading platforms and decentralized exchanges are great alternatives, but they often have low liquidity. People prefer convenience, so they will CEXs instead.

I'm afraid Bitcoin will become "Wall Street's Coin", as it slowly moves away from its original purpose. Hopefully, the community will take action before it's too late.

Here, I believe that many Bitcoin users would say the same thing about their feelings about Bitcoin.
I get it all with Bitcoin.

As an electronic currency system, Bitcoin's widespread recognition, which was previously only known to a select few, has helped achieve freedom in several ways, such as transactions that don't require a third party, thus providing transparency for its users.

Bitcoin operates independently without aiming to eliminate others, but banks consider Bitcoin a rival. That's the closest thing to understanding how governments are involved.

Bitcoin is the great means for financial freedom, and that’s what Satoshi really want us to realized. And I think we never fail Satoshi for that, because bitcoin has increasingly seen its usage across borders, where security and convenience are still visible. And having bitcoin as a good store of value comes a bonus. The more you save bitcoin, the more you will gain financial freedom from the selfish government and banks that until now have shown less sympathy for bitcoin.

Thanks to Satoshi for making this possible. While fiat has slowly losing its value, bitcoin on the other hand is now creating its own identity, not just as a good store of value but most importantly, as a great access for financial freedom.

Yeah. And those who are in a country that's likely to have a collapsing economy, they can put their money into Bitcoin and have their wealth be saved.

This is true that we're no longer in the chains of the governments and the banks that are even giving us a hassle when we're getting our very own money.

Bitcoin is the real thing here that's for the people when the governments are failing to address the issue about inflation, and other monetary issues.

Thank God for Satoshi Nakamoto, who invented  bitcoin and has given us some level of freedom  using bitcoin.
Bitcoin is a decentralized cryptocurrency, which means no body is in control of it, and every one is the custodian of their own fund and wallet, and we can make transactions without consulting the bank or any other third party agent.

Bitcoin transaction is safe and secured, and requires very little transaction fee to execute your transaction, and has also giving us some level of privacy, unlike before, if you want to make any financial transaction, you will move to the bank and fill some form, before you can be able to make your transactions and sometimes because of network challenges, your transaction may not go through immediately, couple with extra charges from the bank, and you might even be forced to remain on cue, so the whole process was just very rigorous.

Today, you can conveniently transfer and receive money at the comfort of your home without disturbance, you can even send money internationally without extra charges and that makes bitcoin very unique.

Before now, there are times when even your own bank account would be monitored  and some times, there can even be a ban on your bank account, and you won't be able to withdraw your money, today the use of bitcoin has set us free from all this problems.

Though Bitcoin may not have completely freed us yet but the obvious truth is that it’s definitely leading the way. It’s given people hope, the kind of hope that they can actually store value and move money freely even when governments or banks make life difficult.

In many developing countries, Bitcoin isn’t just an investment anymore, it’s survival. When inflation wipes out savings or accounts get frozen, people turn to Bitcoin because it’s the only thing they can truly control.

We still have a long road ahead but the fact that we now have a tool that gives people real financial freedom is already a victory. Bitcoin has changed the game for good.

Really thanks to Bitcoin. Like what is happening in our country, there is so much distrust to the government now due to massive corruption that's happening. And even the banks, they've got become stricter on how much we can withdraw per day on them. So, having our money in bitcoin is a savior and we don't have to worry if the government shutdowns and if the banks are not going to allow withdrawals. They can work on their own but I feel bad for our countrymen that has no idea about Bitcoin. If they just know how it can be used for situations like this, they'll have nothing to worry with.

Majority will only realized your point OP once global adoption for bitcoin is already here. However for now, their focus is still on how to maximize their bitcoin investment regardless of its price pump and dump. Financial freedom  would be realized soon once majority will be using bitcoin as a currency, as they can transact bitcoin across boarders without government interruptions.

Yeah we should be grateful for bitcoin, and of course for Satoshi’s brilliant invention. Bitcoin is here to stay, so we should keep working on it until everything is in the right place.

I guess all this factor listed by you is the reason government has been  fighting against Bitcoin ever since creation knowing the damages it will cause them since they have plan to take full control of the financial system. Bitcoin poses a threat to them right from time and they knew it that's why they tried so hard to stop it. Although the revolution has been going on right from time but I guess the government has Lost because Bitcoin is growing wilder and stronger. Bitcoin is indeed a life saver. I could recall a person that has problem with bank and all asset including houses where sized was luckt enough to have alternative which was having Bitcoin and that was the only way the person was able to have something otherwise it would have been a total lost for him. That is why we should embrace Bitcoin and or Blockchain technology.

Banks can't be vanished overnight in the capitalism system because the global financial system is built based on the banking system.

It's almost impossible to make financial transactions without using the banking system. Even after creating bitcoin to curb with this, we see how bitcoin itself shifted a little bit from itss major goal to limit banking culture within society. There is still assumptions that bitcoin will be widely used in everyday transactions but always under banking control.

The adoption of Bitcoin is still in its infancy. I would say it is still a long way off. If the governments of those countries considered digital assets more than investments, Bitcoin could have been used to fight inflation in those countries. Mass adoption by the general public and the accumulation of Bitcoin fractions could lead to strong economic growth.

The mass adoption of Bitcoin is beginning to transform into digital gold. Countries that have understood this have formulated reserve policies. The world's powerful financial institutions are hoarding Bitcoin and continue to buy it frequently to increase their holdings.

By further increasing the mass adoption of Bitcoin as a global asset and using it for intra trade transactions, it is possible to establish a truly strong financial system. That is why governments need to buy Bitcoin to increase their reserves.

Satoshi made it very clear in bitcoin's white paper that he created it to be a peer-to-peer currency. But in the past 16 years, it has never been widely used and recognized as a currency, and no one wants to use it that way.
It can be said that bitcoin has completely deviated from its original purpose and we, Bitcoin investors, have killed the original purpose of bitcoin because of our greed.

If bitcoin is widely used in everyday transactions and is considered as currency but if it is under the control of banks. If that happens it just shows bitcoin has failed, so I don't expect that to happen.

Anything that government can't control he will always fight to get it under is control but they try with bitcoin but they failed and that is the main reason why government always don't want to be hearing about bitcoin because they can't get access to it or control it. Everyone have is freedom to used it without any collecting of tax. And banks are still fighting any transactions you mistakenly do and put crypto they will do anything possible to banned your account because they don't like any transactions that link to bitcoin and making it difficult for them to track.

Bitcoin is growing everyday and no one will control it and many people are having more interest to invest in bitcoin and get control over your coin without feeling sad or thinking you will lose your funds in it. Let us continue investing in bitcoin and we will have peace of mind. And others are still thinking negative about bitcoin.

You are correct Danica22, if bitcoin is under the control of bank it means that bitcoin has failed and a lot of people will lose faith in Bitcoin if bank is now controlling bitcoin it means that the government is controlling Bitcoin and those that are now using Bitcoin has no freedom anymore and the reason why satoshi nakamoto created Bitcoin will fail, so I don't even think it is possible for bank to control Bitcoin even the government has no control of Bitcoin no one has control of Bitcoin and it will remain like that and that is why it is even more trusted by people.
Some sort of people really don't understand the reason why bitcoin is been accepted by a lot of people it is because of its privacy and the fact that no one controls Bitcoin that is why people are investing in Bitcoin even nations are also investing in Bitcoin because no one has control over it when bitcoin is being controlled by someone or an organization it loses it trust.
So I also don't expect a bank controlling Bitcoin it will never happen.

Yes this makes Bitcoin seen as tool of human rights and freedom other than money. You are right that invention of Bitcoin moves power away from governments and banks, and it provides people with real financial freedom as it allows them to send money without requesting permission and save their money without losing it due to inflation. To people in such nations as Venezuela or Argentina, Bitcoin is what they must have to live to avoid economic unfairness and purchase most basic of goods, and it is also used by reporters and activists to receive support safely without being silenced. So Bitcoin is strong proof that people will never stop trying to get control and freedom over their finances.

Agreed. BTC and other cryptocurrencies don't completely help us break away from government control, but they do help in this context to a decent extent which is itself a proper miracle in my honest opinion.

Even world governments that tried to ban them like fools recognized their value over time which proves how useful they truly are. Crypto freaking rules.

Bitcoin is not the sole helper in case of Venezuela and other listed countries. If their citizens save their money in USD, Euro, GBP, Swiss Frank and other currency, they'll combat local inflation because the exchange rate will change according to inflation. Bitcoin simply shines here because it's a deflationary currency and long-term, it always increases while no other fiat currency matches the rise of Bitcoin's purchasing value.

Bitcoin is not really that currency but Monero is.

The emergence of Bitcoin does not take away the power of governments and banks, nor does it give us complete financial freedom. It just helps us reduce our dependence on them somewhat. Because at the end of the day, to use bitcoin, you need to convert it into fiat and to do that, you need bank. You also need to comply with government anti-money laundering and tax regulations if you do not want your assets to be confiscated or you are convicted.

How can we say that we have escaped them? With bitcoin we can only reduce their dependence and control.

Bitcoin plays the best role in terms of security, discipline and freedom. Finally, I have benefited the most from Bitcoin in terms of both security and freedom. My country does not like Bitcoin but a large number of people have made transactions and holdings in Bitcoin. Still, there is no pressure from the government, but in any case you will get freedom about the matter, if you walk down the street with a large number of Bitcoins and open an account, no one will know about your Bitcoins.
But you cannot walk down the street with fiat money, robbers will hit you and take your money. So Bitcoin plays the only best role in all aspects, that is why Bitcoin is at the peak of popularity in the current era.

I don't believe so, in short we are heavily drowned in the control of the government right now, can't you see how the trump family have been controlling the market so far? That's power.

Bitcoin was better off without the government approval, all these wouldn't be happening if the government still frown on Bitcoin, now the same government is buying heavily with the help of powerful individuals they are buying massive amount of money.

I don't like that the centralised entities are now manipulating the market, that is much power over Bitcoin already don't you all think?

Bitcoin has truly brought us financial freedom. It has also been very beneficial for countries where the government or banking systems are weak. Using it, we can easily exchange money across borders, protect our savings from inflation, and make transactions without any permission. In short, here we only have our own rights over our money, we can use and control it as we wish. Currently, people from different countries are using Bitcoin to keep their money safe. However, we should not forget the risk aspect of Bitcoin. Its price fluctuates a lot, so it is not always safe. Using Bitcoin requires some technical knowledge, otherwise we can lose our money with a small mistake. Bitcoin is a medium where we can control our money without any government or center. Therefore, before using it, it is important to have awareness, risk management, and knowledge about safe use.

Actually, Bitcoin has come to with a firm foundation beyond government interferences to a certain extent. Though when others authorities refused to recognize it as legal tender, treat it as a commodity or property, or even ban it completely. In 2023, the European Union adopted a framework for regulating cryptocurrency.

But Bitcoin has the potential to throw a pull in existing financial infrastructures and destabilize them.

Grateful we had Satoshi's invention Bitcoin for the rescue but wee need to do more now for ourselves. Organise grassroots that supports and advocates for the use of Bitcoin, we should try not to gatekeep Bitcoin,  use it, during your friends Birthday, send him sats, make up systems that supports Children learning and preparing themselves for the future about it. There's more to this so as we can accelerate mass adoption before the global elites tries to buy all of these Bitcoins.

El Savaldor should serve as a inspiration to the countries mentioned above.

But are we really into that situation?

Look at the current market condition on which those powerful politicians plays the mind of people and the effect market badly drops then it liquidate lots of people.

So even if we say that we are slowly breaking free on government control, but if people keep listening to those politicians we will not come on that point.

But if people would start to ignore those political stints done by those crazy officials. Then focus on their Bitcoin investment and transactions, maybe in future we will come unto that phase on where we can totally break free on the control of those greedy or manipulative government.

You're right. Bitcoin hasn't removed our dependence on traditional financial systems but it has only reduced it, and people need to understand this fact. We all know that we can't use Bitcoin and cryptocurrencies for everything in the world, at least not for the time being, so it's clear that we need to use fiat, and if we need to use fiat, we need to use banks and bank accounts, which means that we are not yet free from that dependence that we have on these systems, and it is not going to end soon, at least I don't think so.

Countries and their governments know that it's not going to be a very good thing for them if they allow Bitcoin and cryptocurrencies to completely replace fiat systems, because then they will lose control over the finances and financial activities of their people, and they can't afford to let that happen. After all, a government wants to have complete control over their people, because that's how they will continue to have control over the country and everything happening in it.

with time bitcoin will definitely replace fiat and then through financial freedom will set in. Bitcoin offer financial freedom that fiat doesn't, there are countries in which bitcoin is used for transactions, some countries are even settingup bitcoin reserves and if every country of the world should accept bitcoin as a means of transaction or exchange then it will definitely take away the power of government and banks since bitcoin isn't controlled by the government nor bank. I believe it just a matter time and we are going to enjoy the total financial freedom that bitcoin offers.

I doubt people will ignore the political games of those politicians and focus on bitcoin to escape their control and stranglehold. Because at the end of the day, we are just as greedy as they are and most people's real goal is profit, not finding a way to escape their control. Politicians know that very well and that is why it is so easy for them to manipulate us.

Many people have preached about the privacy and freedom that bitcoin brings. But believe me, profit is what people care about.

Believe it or not, but just a few fancy words from politicians, the market suddenly surged and Bitcoin hit ATHs. People will cheer and thank those politicians as if they were the ones who helped them, not Satoshi.

Yes, we should be thankful to Bitcoin for helping us save our money in Bitcoin form. We can hide our financial transactions from them although we can not escape them. Bitcoin provides us with a way to send money without the banks knowing and to cross the border to someone in a country outside of our own. Bitcoin become a new type of investment. So we can keep our fiat money in Bitcoin form and sell Bitcoin when we need money to fill our needs. But that will not stop the government from tracking the transaction because they will ask for help from the bank to know the transaction.

The agenda of the bitcoin really it is but currently few of the local governments now are trying to control the use of the crypto in their own form which is their local exchanges some of the wallets right now even in my country have this dominance, they dont want other exchange to make it use by their community instead they create one and then they have a higher fee and not fair convertion rate and to those who dont have an idea with the use of the p2p few of them struggle of this so still there's a government control right now here with us unlike with other countries.

That's the actual goal of Bitcoin. The creator, Satoshi Nakamoto, wanted to create something that can't be controlled by anyone, and money can be sent worldwide just by a single click without any third-party involvement. As a result we got Bitcoin; neither government nor politicians can control Bitcoin. Means they can't trace us as well. This is the original financial freedom for us. We spend, and we know only; none of the legal authority can trace it.

Yes, as I said above. But it matters to protect your privacy. If someone else knows about your holdings and knows the address, then it's pretty easy to trace you. Remember, everything is traceable unless you protect your privacy yourself. We are only one contributor too to handle our funds and protect the privacy. Just make sure to use a true noncustodial wallet and secure wallet credentials along with protecting privacy.

Nah bro, you are overthinking it, they can't be forcing us. There are still many ways for us although, yep you are right, they would have more control, and even now, they are imposing unfair rules on us. Don't you agree? Banks are the ones that don't like Bitcoin the most because this has taken their billions of customers away that could make them billions haha or maybe more.

Money is power and Bitcoin has given us financial freedom, so yep government and banks had power because they had access to the money of others but with bitcoin and gold and other decentralized assets, they can't control us like the way they used too.

El Salvador is an example of how a state will accumulate bitcoins in its own bitcoin reserve, and these bitcoins will not be moved anywhere, only held for many years. This is something similar to what large companies do, buying bitcoin to accumulate it, like investing in an asset that is constantly growing, like Strategy, and similar companies. But if you're talking about people using bitcoin more often in everyday life, that's a completely different matter, because if countries repeat what El Salvador is doing, bitcoin will simply remain in their reserves, and the supply of bitcoin in circulation will significantly decrease.

Similar to what's going on in my country with increased taxes from a corrupt pool of politicians in government borrowing and looting from the country while the citizens has to be paying with high tax rates all the country's debt.  In a country where the laws are not bitcoin friendly but should a citizen make money through bitcoin and converts to fiat, same government that have refused to make laws that protects crypto users would still wants you to pay income tax from it.

There are 2 questions to it.
1. Does Bitcoin really gave the users "FINANCIAL FREEDOM" like what you said?
2. Are there many people that are using Bitcoin more than banks?

Well, I agree with what you said that there are governments in certain countries where there really is a corrupted government, and for us living outside those countries, there's nothing that we can do. I also agree that we will always find a way to take back the control to ourselves, but let's not forget that governments will always find a way for us to be like their puppets, and that's the sad reality.

As for my question, we know that there's more people that are using banks than Bitcoin that's why we can't really say that we are out of control of these governments already, and that's the sad reality. There are many people that are comfortable using banks and they don't have the time to learn about Bitcoin so they'll just simply ignore it. As for my first question, do we really achieve "FINANCIAL FREEDOM" if we use Bitcoin. I capitalized it because we know what happened a few days ago. ;) Many lost their money because of that unexpected event. Many lost thousands and even millions of dollar just because of one tweet. I know, and I believe that Bitcoin can help us achieve financial freedom, but let's not sugarcoat the fact that it can destroy our lives faster than we expect. :)

That’s definitely the original purpose of Satoshi why he introduced bitcoin to us, and thankfully we are getting closer to it. Financial freedom is the ultimate goal, and that will only be highly possible if the government already grants us global adoption for bitcoin. But for now, it’s still a long working process though, but everyone is rooting for it.

However at the moment, bitcoin is more used as an investment asset or tool. And I’ve say that creates high advantage for us most especially for those who are risk takers and are patient enough to wait for the peak price of bitcoin. And just by simply buying and hodling, we can already expect some future profits. But moreover, bitcoin as a currency should still be the final goal, so let’s keep working on it.

While you expect bitcoin to be added to national reserves soon, on the other hand you say that over time it will take away the power of governments and banks. Do you know what you are saying? Did you forget that only governments and banks have the right to decide to add bitcoin to national reserves? Or countries are using bitcoin as a payment method, do you know if the government doesn't allow it it won't happen?

What's funnier is that most of us, including you, use bitcoin for speculation, to get rich quick. No one uses it as a currency but hopes it will replace fiat  ;D.

We can not undermine the role of government in bitcoin adoption, even when they can not control it, they still have some influence over the global adoption. Government controls the economic and if they find trust in bitcoin then they will adopt it as a national reserve this will help to get many investors to invest in bitcoin. We still need government to investment or make policy that will help influence bitcoin in their countries.

Bitcoin is centralized, but the government involvement will really help bitcoin investment, when President Trump was campaigning he used bitcoin to gain the trust of the people, and during that time Bitcoin price hit All time high. so government influence is still very much needed to promote bitcoin. but whether they support or not, bitcoin speculators will still keep playing their part.

Bitcoin is decentralized is what you meant probably, but I agree - they enter the game for their own game too, and the more time passes, the more participants do the same.

And yet government have managed to wrap their hands around crypto, wake up man, the government are already here, you don't break free from anything, are you not aware of what happened recently? that was Trumps family doing, Donald Trump's favourite son got himself a 500 million dollars yacht right after that crash, and you said we are free from government control? keep dreaming.

^ You can hear about the buzz of what tariffs may do to the market, but you can already see the market recovering, and if you didn't sell - you will be good anyways ;)

How are we getting closer to that goal when most of us are just treating it as an investment and at the end of the day, when we get profit we convert it to fiat? Or how many people are using DEX to avoid government oversight, or are most using centralized exchanges and even investing through ETFs? How can we say that we are pursuing the goals that Satoshi originally set for us?

Financial freedom is a goal for all of us, but the freedom people are seeking is financial wealth, not freedom from government control.

Most people aren’t being honest about how they use bitcoin. >:( >:(

Yep, I agree.

BTC was intended to be an alternative to fiat, for the ones that want to be their own masters, so to speak.

As of now, many more people see BTC for different end purposes and while we all define our own goals for ourselves (profit, ideals, ideas, or something in between) - we can't be saying that we are down the road that was probably intended for BTC, but we are still here and we appreciate it even more because it's the path of adaption, not just something ideal from the get-go.

In a government or bank controlled financial system, they would monitor our transactions and decide how we would use our money. In this case, we basically do not have financial control or financial freedom.

But Bitcoin has broken this rule. We can exchange money anywhere we want without any permission. Bitcoin is not just a means of making profit, it has brought us financial freedom.

Those who basically see it only as a means of making profit do not know its real power.

That’s exactly the goal why we have bitcoin. Although it isn’t visible for now, but in the long run hopefully we will gain financial freedom from the government and the banks. People now are still engrossed on using bitcoin as an asset for investment, that’s because bitcoin can also be used as a profitable investment more than a currency. But still the goal for bitcoin is to utilize it as a currency so that financial freedom will definitely be visible in the end.

Bitcoin is here for a good purpose. I'm just wondering if Bitcoin did not exist, how would low earners survive inflation? The rich can invest in other assets that may not be affected by inflation, but the low earners, who have only a little savings, won't know how to secure their money from inflation.

 It would simply be left in the bank, but we have Bitcoin as a good store of value that can protect individuals from inflation, especially common people. Apart from control, inflation, and other factors, Bitcoin has been a significant advantage for the people because it has been adding value in different ways.

Haha, our government in Bangladesh will never approve Bitcoin, so we can only earn Bitcoin by hiding it from our eyes, we cannot use it in any practical way. Since it is not legal in our country, the government does not take any serious steps regarding this Bitcoin. The citizens of this country invest as much as they can in Bitcoin and hold it in their wallets. Since it is not legal, our tax issue will not come here, but we convert it into our local currency through p2p in various central exchanges and then use it according to our needs. Although in this case, some of our local currency is given to local agencies as a token. Since it is not legal in our country, we do not use Bitcoin under the government.

I don't know what's happening in Venezuela and Argentina but I can tell you that there is nothing like freedom here in Nigeria that Bitcoin has help us with but I can 100% agree that Bitcoin can has help people that aspire to be financially free and independent than the government has helped us ever since that country had its independency, corruption has consumed the country to the extent that they don't see any value in Bitcoin like other countries.

The government has succeeded in chasing all the exchanges, it's not all the exchanges that are working right now in Nigeria, we don't have p2p services that were everywhere back then, now we have to used the ones available and I'm sure that the government might be looking out this exchanges and be monitoring the movements of coins because they claimed the crypto exchanges are been used for money laundering which was all lies, it's because they don't want Bitcoin as competition.

If you exchange your fiat money for Bitcoin, it's no longer keeping your fiat money in Bitcoin. If you want to store your fiat digitally, then the right thing to do is to convert it into stablecoins like USDT. When we save in Bitcoin, we are not just trying to escape inflation, but we have a chance of making a profit while holding it for a long time instead of the usual way, where our savings value keeps on decreasing in our local banks.

You are right bitcoin has given us good financial freedom and the financial freedom is something I really love so much, one of the reasons I trust Bitcoin so much is it's decentralization and  freedom, some set of people just like you said are only investing in Bitcoin because of the profit they can make why some people are investing in Bitcoin because of the freedom and also the profit it gives them, whichever reason one thing I know for sure is that the reason why majority of people are investing in Bitcoin is because of the freedom it gives and this decentralization it has no government can control Bitcoin, Bitcoin is something that is control by the community and not an organization or set of people, investing in Bitcoin right now is one of the most safest and most profitable investment right now in the world and I see no reason for being scared except you are going into bitcoin as a trader.

The government of every country wants to be in charge of everything, they don't just want to monitor transactions and control everyone's financial life they also want people to always be beneath them. Bitcoin has not just taken away this control but It has also given people financial freedom. People no longer rely on the government for jobs or anything that can put them in a better position because Bitcoin exists. In some countries the government frowns at this, that's the reason why they try to ban the use of cryptocurrency

Not only you but the whole world is grateful for the invention of Bitcoin. With the creation of this Bitcoin, we have been able to free ourselves from various obstacles, especially since the invention of this Bitcoin and by having Bitcoin among us and working on Bitcoin, we have been able to free ourselves from unemployment. Inflation and unemployment rates in my country are very high. The importance of Bitcoin in my country has become immense. If this Bitcoin had not existed, we would have really destroyed ourselves by dragging the rope of unemployment. Not only my country, there are many countries like mine where this Bitcoin has liberated people to a great extent and eliminated unemployment.

For me nobody is escaping from the hands of government, yes bitcoin offered freedom for our finances but not sure that is still the case as government and institutions are getting involved too much in the affairs of bitcoin and holding a good amount of bitcoin soon they will find a way to still suppress the control system that is why they have force anything that has to do with total anonymous of transaction to go into extinction, like mixing of bitcoin is now seeming like crime in the eyes of government.

So bitcoin only gave individuals the financial ground to become stronger in finance than ever before if only they recognised the opportunity in the early days.

Bitcoins have a lot of such benefits and have always proved to stand true when it comes to real-life use cases. Bitcoins give us freedom and ability to hold our money without any third part intervention. Ruling out the government was never the intention but making us the real owner of the money we own was the motive which was well achieved. Opposing governments can just make things hard so let's not do that instead let's just appreciate the ability bitcoins gave us to fully control the money we own without actually having to report to anyone.

We do have a lot of positive sides but there also are a few negative sides which includes not having any ability to recover lost funds. As no one actually controls bitcoins so it is never possible to recover lost funds and that is what might concern someone who might loose funds in future maybe because they stored the private keys somewhere and forgot or someone got access to their accounts.

All thanks to satoshi for he's brilliant idea to give us the key to financial freedom.. for long we have suffered from the hands of unreliable government, who has in many ways not just failed us, but also failed the economy. With bitcoin, we don't have to depend on banks for our funds, you can be your own banks and store your keys on your own. With bitcoin being flexible, everyone can choose to do with it what so ever the wish. Weather it's an investment or a payment option, bitcoin can serve it all. In the future bitcoin will possibly unlock more features and be seen by all countries around the globe. It's growing and I'm happy to be part of it .

Without Bitcoin, people did make a way to survive without the support or barrier from the government sector, This is possible in countries where everything is not totally under governmental control and where taxes are not placed on working citizens, yet, the finance of the people are still under the control of banks and the banks are tamed by the government. But the presences of Bitcoin made a total change of everything.

Bitcoin came to give a total freedom to every and anyone who can harness the possibilities in it. The countries which you mentioned above are countries that faces high inflation in almost everything, and the chances of survival with salary is way too low for carrying out daily expenses. But with the presence of Bitcoin, there is a freedom from monthly minimal payments, whereby meeting up with the different expenses can easily be managed.

Satoshi has done his own part by giving us the key to financial freedom, it is now left for us the beneficiaries of this wonderful invention to give ourselves the opportunity to attain that level of financial freedom. There are still many bitcoiners who admire bitcoin but don't have bitcoin investments in their name. Some talk about breaking free from the government but can't do anything without third parties involvement (the exchanges). Some talk about privacy but won't stop exposing their identity to the world. Satoshi has really done his part, our freedom is in our own hands now.

Funny enough the government wants to find every means to control every financial source mostly bitcoin, bitcoin is the major target. I wonder why many governments never wanted bitcoin reason why they want to regulate bitcoin yet they can’t achieve the aim of regulating bitcoin. Bitcoin seems like a threat to them, we all know the common creation of bitcoin was to give many financial freedom as op mentioned no doubt as time pass by the value of bitcoin increased and bitcoin is considered an asset now, many are more concerned about the value viewing how they’ll benefit from the market if holding for long, definitely the politicians also make use of bitcoin for anonymity purpose.

Bitcoin has really helped to diversify means of saving and investments as well as providing security and anonymity as you mentioned. It's a blessing to have such asset relieving the struggles of government policies and regulations.

Providing access to manage funds and also financial freedom has being the biggest advantage the invention of Bitcoin has being to humanity.

If only your statement were true.

Unfortunately it is a little naive, BTC is now only useful as a semi-anonymous cash alternative as long as it remains a BTC transaction.

The second you trade it for fiat in order to take care of life in the real world the governments take their tax out of it.

Legislation has been introduced now that means your use of any of the exchanges is reported to governments; So, sadly it is far from anonymous and far from untraceable.

I just posted about my recent experience with Coinbase, who are now demanding live face time chat as part of their ID and KYC processes. So, yeah that's really free from government intervention isn't it!?

This situation is unavoidable for several reasons and resigning oneself to the existing conditions is always one of the reasons that cannot be changed but in reality there are always loopholes that can be exploited.

The problem is that even those who are involved in bitcoin are sometimes still unaware of anonymity because many of us still keep our assets on Cex which ultimately proves that not everyone involved in crypto, especially bitcoin understands the goals to be achieved.
There are still some people who seem stubborn even after being informed, but that is their business. However for some other  Bitcoin is always the answer especially for those who are fed up with their government's policies as I am feeling right now.
Although I am still not completely free from it as the role of fiat currency is still vital for daily life at least with the presence of Bitcoin I can minimize some of the government's control measures aimed at restricting us to comply with existing regulations.

Just want to respond to this point as I see it a lot. Governments and Institutions are getting involved for different reasons.

This is like being kicked out of a party. And then the rejects (we) decide to start our own party outside. And now, the cool kids (government and institutions) want to join the party because they realise a lot more is happening out here.

Top institutions are losing clients to crypto and really fast. JP Morgan, Blackrock and other could see the writing on the wall. Thats why they jumped in to offer ETFs and blockchain products.

Governments on the other hand can see the debt level across the board continue to spiral out. Again the writing is on the wall there. So it cannot last for long. They have two choices

1) try to control it (and they failing at that)
2) join in by acquiring a small amount and issuing their own versions

In reality, both would rather not be involved in crypto. Buts the momentum is already there. The quicker they can join and influence it, the better for them.
We need to give credit to the devs, the nodes and miners. Because the governments and institutions are trying thier best to ruin it!

So you are saying that BTC transactions cannot be tracked? Really? ;D Are you using Bitcoin mixers?
How does Bitcoin make you financially free? If you are paying taxes, then you are under government control, which means you are not financially free. Are you suggesting that you are not paying any taxes only because most of your earnings are in crypto? If that's the case, I think that you are "financially free" because the tax revenue clerks in your country are lazy and incompetent, not because of Bitcoin/crypto.
You are right with your last sentence. The people always manage to find loopholes in government rules and regulations.
AFAIK, there's no hyperinflation in Argentina anymore. Millei's reforms were kinda successful.

Everything is recorded on blockchain so transparency thing is out especially that everything can be viewed especially by those authorities.

Also we cannot say actually that we are out of government control. Since we actually could see that there are so many regulations done by the government just to make the platforms operating on their country is compliant on their laws.

We can also see that Trump have power to manipulate people just like those dumping effect made by his crazy tweets. So overall we are not heading into that thing mentioned by OP but rather government still have control on things we do online also and provably in Bitcoin to.

The presence of Bitcoin as a currency system is quite noticeable for people who prioritize privacy. Unfortunately, not everyone can use Bitcoin as a currency because they are hindered by regulations made by lawmakers in their country of residence.
In reality, Bitcoin is a breakthrough that makes the banking system more transparent regarding transactions, provided one knows the intended Bitcoin address. 
This is particularly suitable for countries with governments plagued by high levels of corruption.

Bitcoin is more than just an investment, and Bitcoin is more than just a price.

It might still take some time for bitcoins to be accepted as a currency and not just as an investment tool. I think, bitcoins are doing really well when it comes to investment tool but for them being accepted as a currency will take a while. To do so, almost everyone should have a bitcoin wallet and should know how to transact bitcoins.

Yes, our community is quite big here yet there are millions or people who are still unaware about bitcoins and don't even know the existence of bitcoins. If bitcoins are to be accepted as a currency then even those people should know about bitcoins and should know how to encash them because those are the people who consists of small vendors and shops which we mostly rely on. We can only use bitcoins as a currency if those small vendors start accepting bitcoins so we can spend them in our day to day life.

BTC is secure, not anonymous.

And that point was discussed many times already, in fact..

Yes, and the person responsible for all of this is, of course, the creator of Bitcoin, Satoshi, because even though we don't know who he is, he is definitely a good person and also a super genius. Because he was able to create an asset or currency that is truly decentralized, like Bitcoin. So I am also truly grateful that Bitcoin exists on this earth. Because honestly, it was after learning about Bitcoin that I immediately realized that all this time I had been under the control of the government. So, in essence, the presence of Bitcoin has really given me a better perspective on finance.

Because, as we know, Bitcoin seems to be saying that we shouldn't continue to be enslaved by the government. Because, fundamentally, it is not the government that should be in power, but the people. After all, the government is elected by the people. So, if the people don't elect anyone, there won't be a government. And yes, Bitcoin is not just about making a profit. Its important value is that it truly provides us with many benefits, such as protecting the value of money from inflation.

Bitcoin was created basically for privacy and freedom, despite all it's achievements over the years it has maintained these fundamental features, it depends on holders to decide if they want the privacy and freedom or not. Although I believe that most holders are more concerned about Bitcoin investment profit than it's privacy and freedom, they don't mind submitting KYC to buy and sell their Bitcoin. But for those who still hold their Bitcoin for privacy purpose nobody can deny them of their freedom and choice of holding and transactions, they can hold in none custodial wallets and do p2p transactions with only a second party. Bitcoin is decentralized and it gives choice to it's holders, it is something that any government cannot control.

Earlier, one could not find any alternative to keep the value of his assets, now Bitcoin is working as a good alternative. Bitcoin is now working as a symbol of trust to protect against political instability or revenge. No one can steal someone's assets if they keep their assets in Bitcoin. People have been under the control of the government for a long time, but now they can be completely free. Bitcoin is not only giving people financial freedom, it is also helping people preserve wealth and give the opportunity to create permanent assets.

That is a really naive statement.

Bitcoin is worthless other than a trading asset, the only time it has value in the real world is when it gets converted back to fiat.

Immediately that happens you're subject to government interference, taxation and legislation. You're not free from anything.

You could not live your life normally just by using bitcoin, you cannot buy your groceries with it, you cannot pay your energy bills with it you cannot pay your mortgage with it until it is transferred back to fiat.

It has no intrinsic value in normal life until it becomes fiat or a physical asset.

While there may be some services and some products you can pay or buy purely in bitcoin, you just simply could not lead a normal life just using it for daily transactions.

Don't try and tell me otherwise, after all who are you lying to me or yourself?

Governments could turn bitcoin off at the flick of a pen if they wanted to. They'd just legislate to make ISP's block all P2P data carrying bitcoin data and then they'd legislate to ban the use of bitcoin in the country along with banning the mining of bitcoin.

What happens to your freedom when that occurs. The ISP's wont listen to you they'll just follow the instruction of government.



 

The full benefits of Bitcoin are obtained by keeping custody of your own coins (non-custodial). But people these days prefer convenience, so they will sacrifice their freedom by leaving their Bitcoin in a centralized exchange or wallet. That's far from breaking "free" from government control. Imagine if most of the circulating supply ends up in the hands of CEXs and "Wall Street". It would be an end of an era for good.

For now, you're free to use Bitcoin in any way you wish. Hopefully, it stays that way forever. Just my opinion. :)

Indeed, Bitcoin has done more good in our different societies and countries around the world than we can simply imagine, bitcoin has not only given us freedom of finance which  is something the government initially had full control over, but it has as well made alot of us free from financial stagnation, instabilities and struggles, bitcoin has created more jobs in all the countries of the world much more than the government in those countries, no wonder some government feel threatened by bitcoin and have banned it over and over again, a good example is china..

So yeah, bitcoin indeed have given most of us financial freedom and independence from both the government and people around us.

Bitcoin represents so much more than just financial gains, it’s a symbol of self-sovereignty and resilience in a system that often feels stacked against ordinary people. What really stands out to me is how it gives individuals in unstable or oppressive regions a genuine alternative, one that isn’t dictated by borders, banks or bureaucrats. I think the real beauty is it restores a sense of empowerment and trust back to us no matter how many regulations or restrictions governments try to impose, the core idea behind it is freedom through decentralisation that continues to thrive, it’s inspiring to see how technology can become a tool for our independence.

Bitcoin creates jobs, is that true? How can Bitcoin create jobs when it is just a decentralized currency system or a financial instrument? Did Satoshi or the bitcoin whitepaper ever mention this? You confuse me because I read about white paper but never saw it said that bitcoin will create jobs for people.
Let's be realistic, bitcoin itself cannot create jobs because it is not an organization, company or founder. To be more precise, it is simply a catalyst for organizations and companies to create new jobs and thereby create more jobs for people.

Many governments ban it because they fear losing control of their people, not because they fear it will create jobs or bring profits to their people. If bitcoin can create jobs or bring profit to people then it is good because more rich people will make a strong country.

Not everyone who invests in bitcoin will make a profit and become rich. Only those with the right vision and knowledge can benefit by investing in bitcoin. Therefore, Bitcoin only brings financial freedom to those who know how to take advantage of it, not to everyone. Also, bitcoin does not free us from government control, we are still under their control.

If the nature of Bitcoin is decentralization, then it certainly believes in freedom. When we keep money in the bank, when I go to withdraw my own money, I have to withdraw the money according to various government regulations. Many times you have to maintain a long serial number in the bank to withdraw money and face a lot of trouble. In this case, if you are holding Bitcoin, then you can sell Bitcoin from that holding Bitcoin to meet your needs. Because in this case, your Bitcoin is under your control, that is, you are the controller of your Bitcoin. Bitcoin is not controlled by any third party and there are no government regulations to withdraw and deposit Bitcoin. You are free here and your free thinking will work. Bitcoin guarantees that transactions can be made without any restrictions.

Not completely free, Bitcoin is still dependent on fiat and banks, yes from an investment perspective Bitcoin is certainly the best solution, maybe we don't need to be afraid of government policies and regulations.

But currently Bitcoin cannot be fully used as an asset for buying/selling goods, we still need fiat and banks, there are advantages and disadvantages in this case, maybe from one side there are good things and there are also disadvantages, governments can still control Bitcoin in other ways, perhaps not in assets, but over exchanges, mining and so on.

If we use bitcoin for its original purpose and true to its philosophy, we will actually reduce our dependence and control from the government. But honestly, I wonder how many of us are using it for its original purpose? How many people really care about privacy and freedom? Or what we really want is to become rich as quickly as possible, and we're just using bitcoin as a tool to achieve that goal?

Many people stop depositing money in banks not because they fear losing control of their money, but simply because they believe investing in bitcoin will bring better returns. This is the truth but many people do not dare to admit it.


In my observation, we all only care about profit and that is the main goal, freedom and privacy are secondary, even just an excuse. We really don't need those things as we say every day.

That's good to hear,that's why to spread the good news of bitcoin should be a good task for good people everyday, because asurming the person who introduced you to Bitcoin investment did not ,that means you would have been nobody.
Thanks the the person too

Aren't gold, bluechip stocks or real estate assets that store value and hedge against inflation? Maybe only you don't know them, but that doesn't mean other people don't either. Many people have been using them to protect their assets for decades.


How can Bitcoin protect us from political instability when it itself gets dumped every time geopolitics gets tense?


No one can access and steal your bitcoins because you are the only one holding the seed phrase. But it doesn't give you complete freedom and escape from government surveillance. You or any bitcoin investor is still under close government scrutiny.

Would you give up your bank account, your citizenship and live solely on bitcoin? How can you say that you are completely free and free from the government?

In the short term, that's true, but in the long term, you probably already know the answer. Because this condition has been proven and repeated over several periods.

Next about Government Control, not entirely, but partially. Because not all transactions in the world fully accept Bitcoin as a form of payment. Moreover, we still need fiat currency for transactions. Another addition is that the government is beginning to regulate how crypto operates to create a healthy and safe industry.

No we are not breaking free from the government control simply because many bitcoin investors choose to do the following.

1. Use centralised exchange instead of dexs and P2P.
2. Still keep their Bitcoin on top cex like Coinbase, they trusted Cex more.
3. They can't take responsibility responsibility of securing their BTC themselves.
4. Many are here for the money making part only.

Some don't even understand decentralisation, its like a sheep who departed from a flock and lost the purpose of freedom, he won't know what to do unless someone controls him again.

The reason said in the first post is why we need bitcoin than the investment part. People are free to use their bitcoin as how they want but if we  just let the control to turn bitcoin into another centralized and controlled asset then we might be sliding away from the initial cost.

Now many people are using bitcoin on other chains which are centralized and not same bitcoin, people are using exchanges to keep their wallets and whenever they see the market dump they just rush into selling them.

Bitcoin is not capable of being decentralised. It never was and never will be in its current form.

Why?

Because it travels across a network that is under the influence of government. As I said before, at the flick of a pen governments can legislate that all ISP's were to block Bitcoin P2P data and Bitcoin would be rendered useless in an instant.

Its not difficult to understand, yet so many are delusional in their belief that Bitcoin sets them free. It does nothing of the sort.

Bitcoin is completely worthless in the real world until is is converted to a physical asset or transferred to Fiat.

But it will never be free from government chains and legislation.

All governments are working to maximize control over their populations, so expecting Bitcoin to circulate completely outside state oversight is unrealistic. I think this is only possible as long as it benefits someone at the top, for example, to hide their own bribes. That’s why I wouldn’t rely too much on the idea of full confidentiality in any digital transactions.

Governments should not control people. People should control governments. Democracy has failed in this mission. Perhaps democracy only works when the other guy has a bigger gun.

I considering the Bitcoin as one of the life changer in my part because before it gives me additional cost to make send to other people regards with the payment more likely if they are into other countries which the cost here is quite near to the value I want to transact and at the same time its secured if you have your wallet you have your funds. Also I dont need to store most of my funds to the bank that has a low APY instead make an investment with the crypto or lets say bitcoin and wait for taking profit, has a higher chance to goes up with the price but of course there's a risk management if the market gets down.

Thanks to Bitcoin, that's what I keep saying every day because if not for Bitcoin, I don't think the thought of financial freedom we look up to in the future, we would have the zeal to aspire to that because the way our government treats and taxes us in everything, you would believe that they want us to remain under their control, so that they can control and monitor our finances and decides how our financial status would look like, not to grow beyond our earnings that we will think of, having something great for ourselves

Indeed has been helpful all the way.Just as many people keep saying that it's worth more than an investment tool,the government can manipulate public funds meant for the masses but that can't be Bitcoin.Indeed, it's obvious that we're prioritizing our freedom financially as bitcoiners,back then in my country when the restriction of Bitcoin was still tough,the only way the government could get on us was by imposing high taxes on centralized exchanges and most exchanges then started delisting our traditional currency from their p2p list but currently the whole saga has lessen because their fight wasn't making any effort.Even after all the restrictions from the government my country was still on list of the top countries promoting the adoption rate of Bitcoin.

This your reply sound like shading someone. What do you mean he will be nobody. There are people that are not into Bitcoin as investment and I'm not sure if some us with Bitcoin are half close to what they have achieved in real sense. Bitcoin isn't about competition, Bitcoin is freedom because you don't get that elsewhere, you can have the fiat you have dream of but it doesn't comes with freedom of how to spend it, when to spend it and how to leave with it.

There is no any investment like Bitcoin that's censorship resistance, no any of them come close, this is why government is doing everything to be in control by making everyone to do KYC, make them trace all the transactions as possible so they can be in control where your money follows anytime you sell your Bitcoin. They are trying to bring the same censorship to the bridge where you convert your fiat to Bitcoin and Bitcoin to fiat, the choice is yous to use them or not.

The sheer delusion in this thread is quite literally mind blowing.

I believe it’s understandable why we are actually using bitcoin as an investment tool rather than as a currency. Because where there are opportunities for profits, that’s where people will chase, so the idea of having bitcoin to gain financial freedom is only an alternative, people still prioritize using bitcoin for their own greed purposes.

However, if global adoption will be then possible in the next couple of years, bitcoin as a currency will also be visible then, but right now, the priority is still to maximize bitcoin’s potential profits while its highly possible.

Democracy is a scam; it's supposed to be a system of government where the elected are supposed to serve the citizens and make sure everything is based on their interests, but now the government tells the citizens how they want them to live their lives. Those voted/smuggled into power are ruling through dictatorship; only a few have the power to decide what will be considered to be law.

Bitcoin has been adopted globally, not many countries ban it anymore. But the problem is that most countries are legalizing and adopting it as a form of investment, and people are just focusing on exploiting the investment aspect of it. No one wants to use bitcoin to spend, use it as a payment method, or even convert it to fiat when the profit target is reached. How can it become a currency of the future?

It's been 16 years and it's never been used as a currency because the government doesn't allow it, people don't want to use it, and many investors are slowly forgetting the original purpose of bitcoin. What makes you think they will change that view as bitcoin becomes more popular?

Well that's true, no amount of financial freedom can be compared with that of bitcoin, it's really a saviour, therefore we should be forever grateful to bitcoin creator, if not we don't know how life would have been for many of us with our governments wanting to embezzle all the countries wealth through corruption .
 But all I want to say is we should be very careful in other not to lost focus and purpose of bitcoin in the bit of wanting bitcoin to be adopted by all countries, mainly involving politicians into bitcoin making them sees themselves as without them bitcoin can't grow or reach his height e.g like what is happening between bitcoin and the U.S.A, the rules and regulations of inflation by Trump affecting the price of bitcoin should be avoided.

I believe Bitcoin is not just a symbol of trust, but rather a form of resistance to the global financial system that ensnares or controls all of this through oversight by local central governments. And bitcoin is designed to avoid central or government intervention, such as that carried out by central banks or regulators, including uncontrolled inflation, or monopolies imposed by them.

With Bitcoin, individuals and others have the opportunity to escape the shackles of the system that has controlled their money and wealth. This opens up space for broader and more financial freedom. That's why we have so much to thank Satoshi for, thanks to him, we now understand what the global elite are doing.

I've had discussions about Bitcoin with people who are in charge of the government because they were my lecturers in the university. To be honest, I feel like they were brainwashed about Bitcoin and thought that it was only used for illegal transactions and etc. It's still quite hard to tell whether they were brainwashed or they knew exactly what they were talking for their own benefit but I feel like they were brainwashed. Btw they also admit that they didn't care too much about regulating Bitcoin in my country because it would be an extra headache for them.

That is only true if you hold the keys/seeds to your Bitcoin (via a non-custodial wallet). You'd also need to use a decentralized exchange or non-custodial P2P trading platform if you don't want to deal with KYC. Only this way, true freedom from the government can be achieved. Many people don't know this, as they're only into Bitcoin for the money. They use centralized wallets and exchanges out of convenience. All without knowing the risks of doing so.

I hope that as Bitcoin becomes more popular, more people will get to realize its true benefits. Banks, governments, and "Wall Street" might buy all of the Bitcoin they can, but they will never be able to control the core Blockchain network. So long as there are various nodes and miners distributed around the world, there should be nothing to worry about. We'll see what happens in the long run.

Ignorance will give such misconception but once they educate themselves and learn more about this market, I would say, their perspectives will surely change. Because ignorance will give them false expectations and wrong concept of this market, especially if they are seeing news of scammers and all because of crypto. But we all know that the technology itself is actually ground breaking, but the people who are utilizing it are the real problem of this system. And so, people need to educate themselves to really know the true nature of this currency. And I would say, their approach will change once they start learning the concept behind of this currency.

Yes, we will truly get rid of the government if we combine noncustodial wallets with decentralized platforms. In case if we only use noncustodial wallet but still use CEX or centralized platform with KYC for trading. We are still under government control, and I guess most of us do it this way because, as you said, it is convenient and easy. We have not yet achieved the true freedom we think we have.

But my question is, do we really want freedom and that's why choose bitcoin, or are we just in it for the profit?

Since the advent of Bitcoin, it has ensured that we have financial freedom but you should know that the transactions of this coin are recorded in a public ledger and it is a decentralized ledger, so it's not outside of trucking, although it has improved our quality of life in this sector. As a result of Bitcoin giving us financial freedom, now banks or politicians cannot touch it because everyone has personal freedom here, even if your seed phrase or pass key is safely protected then all the control of that Bitcoin is on you, so after ensuring this, you can be free from worries. Moreover, at present there is a foreign exchange crisis in almost many countries due to which the amount of inflation is increasing there but this Bitcoin is being used as a hedge to avoid inflation there, and their perspective has certainly changed.

I don't think that their approach will change. They are the part of the government, which thinks very differently. Don't really think that the government does things to improve the life of people and they really care about them. When people come into the government, all they care about (at least in my country) is power. With the power they gain, they can earn millions of dollars and remain untouchable. Recently, very strangely, the local government is hunting on its members and is arresting lots of their own very loyal members, who happened to be earning millions of dollars through secret deals and money laundering.
Maybe the government is good in countries like Norway and a few other ones but the rest of the world is in a terrible situation, especially countries that were once part of the soviet union.

Each decides for himself why he chooses BTC.

But usually people start to appreciate freedom only when they had a bad situation related to it.. frozen funds, so on.

I really don't think with KYC we are under government control, even if we want to stay away from government control the government still needs to do there duty to make sure the society is crime free and one of the way to do that is making sure criminals using cryptocurrency can still be identified.
Now what we mean by being free from government control is that there policy's won't affect our finances any more like in my country because of bad government our currency is losing value but if you have your money in Bitcoin you won't be affected by that.

You asked a very good question, people are investing in Bitcoin for different reason, some are investing in Bitcoin because of the profit they will make from it while some are also investing in Bitcoin so that inflation will not affect them, there are so many reasons why people are investing in Bitcoin what ever maybe the reason choosing Bitcoin is a very good option, but I believe majority of people are into Bitcoin Because of the profit they can get from it.

^ Profit would always bring more people to the table than any other ideal, be it from BTC or any other coin.. Sadly or fortunately, that's how we view things, people do be loving stability and money made from a coin than what it represents.

A lot of people notice too when talking to government officials or academics about bitcoin most of them only see what the media has been saying for years about crypto being used for scams or money laundering and they just stick to that view without even trying to learn what the technology really stands for it’s easier for them to dismiss it than to actually understand it. Ignorance plays a big role here because if they really took time to study blockchain technology they would see it’s not about illegal transactions it’s about decentralization transparency and financial freedom but since it threatens the traditional system that gives them control it’s natural that they’ll treat it as a threat not a tool.

And yeah in many countries government officials don’t really care about the potential of crypto because it doesn’t benefit them directly they’d rather maintain the system that keeps them in power and lets them move money quietly through their own networks what you said about your government members laundering money through secret deals is something that happens in a lot of places it’s ironic that they call bitcoin risky while their own fiat system is used for the same or even worse crimes. Some countries like norway or switzerland might have a more open and honest government that actually tries to understand and regulate crypto properly but in many others corruption and fear of losing control are the main reasons why bitcoin is still seen as the enemy so maybe it’s not just ignorance but also self interest they know exactly what bitcoin can do they just don’t want to give up their control over money.

Unfortunately, ignorance they say is a disease but many people including those in authority and academia still view bitcoin through the narrow lens of what they see in the mainstream media. Most of these people who belong to the older class of age see bitcoin as scam and money laundering platform. It is unfortunate to me because they rarely take time to even understand the deeper innovation behind bitcoin which includes financial freedom through decentralization and transparency. And like you mentioned, once they genuinely take out of their times to study how bitcoin works, their mindsets will definitely change and I know they will also start seeing it as a tool that challenges the monopoly of centralized finance and gives people more control and ownership over their own money. I'm sure they will also pick interest and will want to give it a try immediately.

^ Most oldies are not convinced enough to dig deeper, but those that do - they are in for a ride to understand why BTC truly matters.

Their world is not the same afterward.

Yes, we should be grateful because with Bitcoin we have freedom, not only to achieve financial freedom but also to protect value from inflation. Bitcoin's original ideals are slowly becoming a reality uncontrollable and a way to achieve freedom. Look now at how corrupted fiat is, under the control of central banks they continue to print money while we accumulate it but its value continues to decline.

Furthermore the great thing about Bitcoin is that we can conduct transactions easily, without the hassle of a third party. When traveling long distances, for example abroad, we can easily carry our assets wherever we go. We only need to carry Phase Seed to access them anytime and anywhere. Carrying Bitcoin is even simpler than carrying gold. So Bitcoin is very helpful today in storing value and achieving freedom.

Sorry to bust your bubble; but NO Bitcoin does not give you freedom. Its an illusion.

If governments wanted to they could end Bitcoin in an instant and all of you supposed freedom would go with it.

Stop deluding yourselves, Bitcoin is like any other asset these days, it is under govt. regulation.

As I've said previously in this thread Bitcoin is not as decentralized as you might think.

What happens when govt. legislate to prevent ISP's allowing Bitcoin P2P data to traverse "their" networks?

Bitcoin is completely reliant on other companies infrastructure, these companies are under the influence of government legislation. It will never be free from govt. interference and frees you from nothing.

You cannot buy groceries with it, you cannot pay your bills with it and you cannot live your day to day life spending it.

It is not what you think it is. It has no intrinsic value and what value it has is only realised once it is converted to a physical asset or to fiat. Again both of which are subject to govt legislation.

So, where is the freedom part exactly?