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This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

https://i.ibb.co/KLLDKFk/tweet.png

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Are you still learning this for the first time? Isn't that what it has always been with centralised organisations? Banks, financial institutions, centralised exchanges, etc.—all they do is monitor your transactions any time they feel the need to do so, and they can still free their coin or token because it's their native token and they created it, so they can do anything with it. This is not a new thing; people know about it.


Even with the Altcoins you mentioned, any project can just come up with the idea of freezing their token, and once they do so, you cannot even withdraw or trade those tokens. At such a point, those coins can become useless, and the investors assets will just disappear gradually as the token losses liquidity.

bitcoin always become the best choice for virtual transaction, it's provide many advantages for us including freedom. bitcoin is the only one cryptocurrency that I trust, I put most of my investment fund in it. big companies or government should have limitation on its power, so they do not act arbitrarily . they should stop to consider human as resources, but greedy people only care about what can they get and how much they can get.

Big companies or government institutions will never think about your benefits, big companies or government institutions will think how to improve their business depending on people or employees. Various private companies or government institutions will never give you financial freedom, to get financial freedom you must be associated with Bitcoin because only Bitcoin will give you financial freedom. At the moment ALT coins in the market cannot be relied on much because these coins tend to disappear from the market so at the moment Bitcoin is the most reliable platform. Investing in Bitcoin will give you financial freedom as well as ensure substantial security of money.

I think you are talking about a completely different context of "financial freedom". USDT and other stablecoins are regulated entities and forms of implementation are more sophisticated than the banking system which is ready at any time to "steal" legally the wealth you have stored, and that imo does not concern one's overall economic condition.

Financial freedom depends more on personal ability to achieve it than external factors.

Other stable coins also have similar code which allow them to freeze your coins if they want, so this is nothing really new and it could be said to be the standard when it comes to those coins.

Now it is true that centralized institutions want nothing more but for their power to increase and for their power to become more centralized on them as the focus point, but this is not new either, the problem is that they want to destroy the very few venues we have in which we can exercise our freedoms, and bitcoin is at the top of the list of the projects they want to destroy.

You don't need to use paypal, stablecoins or crypto just to achieve financial freedom, because those are just tools and not ways to achieve financial freedom. If companies like that do their own will which can harm us then leave and never use their services because all institutions have the right to do what they think is necessary to do because they are centralized.
Bitcoin is enough to cover our online transactions if using Paypal is for online transactions, so financial freedom is the way we achieve it, not given by these big companies.

Not only Paypal stablecoin can freeze funds at any time but any centralized cryptocurrency can do that, even the most popular stablecoin USDT can freeze your funds and ban you anytime without any reason.

So I wasn't too happy when I heard the news that Paypal is launching its stablecoin PYUSD because it will further deepen the centralization that governments love.

The only fully decentralized coin with the highest reliability is Bitcoin without a competitor.

Government, financial institutions and big companies don't care about their customers interest but they are after their business to make profit. That's why you see that they come up with fake project to scam their customers. OR they put some conditions to favour themselves so that they van freeze customers funds and turn it to theirs. All these altcoins can do the same because it is a centralized one. This is one of the reason that makes me not to invest in any centralized platform to avoid such. Bitcoin is the only decentralized project that you can have your freedom to use your bitcoin and there is no rules and regulations that will deprive you access to your coins in your noncustodial wallet.

Just leave the big companies alone if they won't give us financial freedom. But we already have it by knowing and using Bitcoin. With Bitcoin, we can have it. So there's no need to worry if big companies keep blocking us from having financial freedom.

We can look for coins other than Bitcoin to save money, but saving Bitcoin is better than saving other coins. And we also don't need to save money in Paypal's stablecoin, especially with that tweet. That proves we have to be really responsible with the crypto we have.

So keep as much Bitcoin as possible, don't tell anyone you have Bitcoin. There will come a time when governments will realize that their citizens need financial freedom and they won't be able to stop it. And when Bitcoiners can do that, we can get financial freedom. Just HODL and sell when you are profitable ;D

How shocking, eh?

I don't know if you have stopped to think about the fact that you are only presenting the consumer's point of view. Of course, if you are a consumer, companies are not even going to think about your financial freedom.

Become an investor in those companies, or create one, and see if things change.

I am talking about companies in general, not only in the crypto world. The example you give of the Paypal stablecoin does not surprise me, a centralizedshitcoin and that they can freeze. What you should not do is to use it.

Yes, BTC is not an illusion.

We admit crypto trading using Tether, the largest stablecoin, accounts for almost half of all trades on crypto asset trading platforms. But if things like Paypal happen, that's a fundamental weakness point. if they do so and it quickly collapses as the irrational excitement subsides. Therefore, we must focus and never get attracted easily. Currently, there are still many investors who are inexperienced and maintain financial system stability. Many invest without understanding what they are buying.

This happens a lot. People discover investing and heard how it can make profit and the next opportunity they see to invest they will mindlessly grab it, even without knowing just what they bought or invested in. People tend to go blind and just mindlessly dive into something they are clueless about just for money. Hence, it should be greatly emphasized how important research is, as well as asking for second thoughts and advice from those who are already knowledgeable in the field.

Big companies really just care about selling their products or subscriptions, so their intrusion into your financial freedom is actually fairly limited (unless you spend your money badly).

But Paypal, on the other hand.... they manage your money for you, so they can do basically whatever they want with it. So don't store your money with Paypal, if you have a shred of self-sovereignty. It's mainly intended for people who keep falling for bad sellers and need a refund.

You have pointed out a great issue but that's not something new about we don't know. All the traditional companies or digital companies are connected to banks directly or indirectly. This means banks are the main medium through which they transfer there funds. But to adopt Blockchain technology like the CBDC or FedNow service. where instant transaction and full support etc. features are shown like that's all we need. In reality, most of the people are happy to find such tools.

But they don't know that such companies are made to control you so that you guys don't turn to BTC or other decentralized systems where we could gain financial freedom. But those who know the reality behind such companies must have to spread awareness among others. Because that's how there main motive of using Blockchain technology to lure people into thinking that it's same as BTC blockchain but it is not.

Big companies and the government certainly won't allow us to be able to get financial freedom because when we do get it it will be a loss for them. Therefore, there is no need to be surprised that big companies cooperate with the government to be able to smoothen their business and force the government to regulate various things which will benefit them and this will restrain us. Even big companies also play dirty practices to be able to make products like Bitcoin or any products that threaten them to look ugly in the public eye, so that people prefer to use the products they launch.

You sound disappointed as if you just realized this (although I hope that's not the case), but the system has always looked at ordinary people as consumables, whether you consider the Middle Ages or the period 100 years ago or what we have today. Financial independence would be a complete disaster for those at the top of the pyramid, because centralized currencies are one of the most effective mechanisms of controlling the masses through all the long instruments that directly derive from them.

It is true that stablecoins are one of the biggest follies that people have accepted because they consider them an easy and simple way to transfer value, but they are neither stable, nor secure, nor nearly as much as most people think. Altcoins are definitely a story for themselves, because as I commented the other day in another topic, I don't consider them to be anything other than tokens for gambling in a game called Pump&Dump.

PayPal itself is one of worse company, they have a buggy website, tend to freeze someone else money for few weeks or months and they charge quite high fee.

This PayPal stable coin is obviously want to compete against USDT, they launch it ASAP in order to gain more attention before there's a country officially launch their own CBDC. More and more crypto adoption isn't looking good due to this centralization.

Well what can we expect anyway from companies? Baby sit us and let us have all our own? As long as something is directly in control by someone or even created by someone, they have the means to do whatever they want no matter what they please.

Heh. Paypal. I avoided that platform long time ago when they just locked my account due to lack of verification even if I submitted a legitimate ID. Just because I have so much to hold, they just did a lock in my account. OP I know you mentioned that we can trust Bitcoin, just be careful custodial wallet.

Bitcoin gave us freedom, but companies adopting might say otherwise for their users.

There is no guarantee about others altcoins that they will give you profit or will be under your control but in the case of bitcoin it is based on Decentralized technology which refers to the fact that no other entity have any control over it.

Security and safety is the reason that most of the crypto users believe in bitcoin, the mechanism of payment is very secure. Some individuals just focus on greater yield of altcoins but they don't think that related risks are also very high which are not such higher in bitcoin.

Government institutions have control on providing income because they are not decentralized and are based on centralized authority which means that income is under their control but in bitcoin such a technology does not exists.

In one way or the other everything needs to be under control. The innovation is decentralised while the following projects were much aimed at their personal upliftment. Bitcoin is the only thing that gives you with the best whereas the altcoins including the PayPal stablecoin is high risk involved. In the past due to some issues network used to get struck and big volume of funds have got frozen. Later after much efforts the fozen fund gets to be used without any problem. In such incidents there won't be anything intentional to freeze the funds. What we see with PayPal stablecoin is completely begun with intention to freeze funds whenever required. This is not good for the cryptomarket.

Anything other than Bitcoin is totally that centralized but of course this one excluding those totally anonymous coins like XMR and ZCASH as far as i know which been considered to be that on this way but those other coins
which could really be able or having the feature on freezing or locking up or retrieve back those coins then this is something that totally break out the real essence of crypto currency on which it would really be not surprising that Paypal would really be creating something similar like this. Isnt a shocking news? Not really. We know that Paypal would always be sticking into something that would really love on tracing everything and since this one is heavily regulated with the government then expect that they wont really be making out such step that would really be going against on government rules since they had already that kind of reputation and popularity and they wont really be liking to face up some charges or whatever things that government would be throwing at them. This is why on the time that they do make out their own stable coin then having this feature is no brainer or
something that would really be in default. What you would expect?

Apparently, we don't live in a lawless world and so long as there are laws, ther3 would be those that instill these laws and thus, have means of ensuring that these laws are functional and defaulters gets punished on their flaws. Even on the form, there exists some fomr of control or authority by some assigned users over others. Like, your account could be banned either gemporalbor permanent depending on what rule you broke.  The emphases here is control.


It's not out of place to have the government or other bodies of a platform whom you use or work with to have some control over your account and assets on them. Should you be looking towards a sole custody of your assets, your better of owning a non custodial wallet. It's important that one must learn how use certain services to be safe and having to stock coin on any centralized system has got challenges of its own.

Whne control becomes of great concern, you sorteans of escape.

Government will always needs everything to be under control. But in my opinion it's understandable at some extent, not all of the citizen under the government have understanding and knowledge in financial and technology, and those people need to be protected by the government, and the easiest way to protect is to make everything under their control.

And about big companies its much more simple, they need to make profit, if they can control their product, they wont make any profit. The only option if people want the currency that is not under control is to use a pure decentralized.

We can only enjoy freedom if we have anonymity; that's supposed to be what crypto would bring into our life, complete freedom. However, with the advent of regulation, cryptocurrencies are not fully anonymous anymore, as coins are regulated through exchanges and companies that facilitate transactions.

It's not the big companies that are to be blamed, as they are just following what is mandated by law; it's the regulators, it's the government that should be blamed for the loss of freedom.

If we are aiming for full freedom, these should exist:

-Blockchain
-Decentralized exchange
-No government intervention.

Therefore, they created CBDC and are now trying to introduce it into the financial systems of states, this will give them complete control and the ability to block any accounts, of each person. No need to think that this is done for our good, first of all it is done for total control. I agree that only bitcoin can be trusted, this is the only coin with which you can feel safe.

That is why government is restricting them from adopting Bitcoin because if they found out the importance of having financial freedom through bitcoin, the government cannot be able to control them again as they will prefer buying and holding bitcoin instead of been control by government.

That is bitcoin.

Absolutely right. Achieving financial freedom is a shared aspiration among all of us. However, it is possible to turn this dream into reality through a systematic approach of  accumulating Bitcoin on every significant dip in its market price by utilizing Dollar cost Averaging (DCA) strategy. By steadily following this method and continue holding Bitcoins in your possession despite market fluctuations, it is potentially possible to gain substantial profit once the bullish season commences.

what about the essence of crypto, being decentralized and all that? You make a point about freezing and locking up coins, but is that really breaking the essence? Some may say it's evolution, or something like that. Paypal creating something similar, that's predictable, isn't it? They've got rules to follow, reputation to keep. Expecting them to make a stable coin, with the features they like, not a surprise, or is it? What would you expect?

For this code to be available for public view it means that the PayPal stable coin code is open. If they have lines of code written to freeze assets and still make the code open, I don't understand what they want to achieve. Could it be that it is an insider who leaked the code?

Meanwhile, OP the big companies especially the financial institutions doesn't want you to be financially independent and that is why their rules and model of business is heavily revolving around centralization. That is the only gesture that will continue to keep them in the market.

There is a bottleneck when using cryptocurrencies - one way or another we tend to exchange it for fiat, and fiat is the prerogative of the state. Therefore, the state dictates the rules. As long as there are no prices set in satoshi, there is no freedom. The freedom that does exist is elusive. Therefore, cryptocurrency at the moment is just a quick way to transfer the equivalent of assets, nothing more.

Financial freedom isn't just about using tools like PayPal, stablecoins, or cryptocurrencies. Instead, it relies on individual decisions and choices, not influenced by large companies.

Bitcoin can be a useful tool for conducting online transactions and plays an important role in achieving financial freedom. You want to emphasize personal choice and encourage people not to always rely on big companies or organizations.

Furthermore, decide not to use the services of companies that you consider to be inconsistent with your personal values ​​and views. The right to self-determination and the willingness to stand up is very important and should not be relied on by centralized organizations.

Absolutely natural for a stablecoin to be orchestrated under the stewardship of a specific corporation or entity. They hold the reins, while users hold the call whether to embrace the service or bid it adieu. Each enterprise shall choreograph its role of repute, a psychological leitmotif believed to lull individuals into the notion of monetary preservation, even under such distinct statutes. This dynamic ensues from the presumption that platforms bearing a laudable standing can effortlessly amass a substantial user base, notwithstanding the idiosyncrasy of their protocols.

What rests in the balance is none other than reputation. As long as these corporate behemoths exude a pristine standing, throngs shall gather at their doorstep. And in a flash, their reputation crumbles with just one slip-up.

We should be aware of this a long time ago, because now is in vain, due a lot of people already have a trap and are invested, so news like this does not appear and makes FUD for global crypto. News like this also makes some people argue if crypto, whatever kind, is a scam and can make their assets to lost can't be used. I think this is a big problem for crypto enthusiasts, so now, what we can do is how make people believe again that not all cryptos are like that. I doubt if they still believe Bitcoin is not one of them. Because his brain is already washed by news like this daily.

Your observation regarding current state of crypto currencies where it has to rely on traditional fiat currencies for exchange and realization of value is, true, and this situation is influenced by government control. This interdependence will continue until cryptocurrencies achieve widespread recognition and acceptance as a global method of payment. As the current  fiat currency system is consistently losing the confidence of people due to its inflationary tendencies, we believe that Bitcoin is the best and optimal alternative, and potential path leading towards financial freedom.

Well people would be relying on them since someone reputated is handling their money just like any other banks out there. People think that relying to a third-party reputated organization would give them the most of their security. Think of it like in crypto where they thought that holding in an exchange is a good idea.

Quite a choice of words there by the way.

If crypto would get widespread recognition and acceptance as a global method of payment then government would just put more regulation to it since it is being used already by the mass. It's not really a good thing to happen if you would ask me.

Yes, it seems you are right, because it is undeniable that the majority of large companies and the government are only concerned with their own profits and the interests of their employees are always left behind? So if big corporations prevent a person from being financially free, that's a fact.
Maybe it's because the big companies that already exist today feel they are the biggest and most needed by everyone. Like in my area, there are companies that are quite large, but these companies do not pay their employees according to the rules and regulations of the minimum wage set by the government, while the work is quite heavy. But the problem is employees are paid very little. Even though the employees have given input, the company still provides a small salary to its employees. So in short the company spoke like this "if you are willing to work with that salary, please continue working, if you are not willing, please leave".
So that for people who do not have skills or other jobs, in the end they still work at the company, even though the work is quite heavy and the salary is very small.

And what's also infuriating is that the government seems to have been bribed by the company so they just keep quiet as if they don't know.

That's why bitcoin is the most superior and the most prioritized. Because bitcoin is decentralized, so if you own bitcoin, no one will suddenly take or freeze the assets you own. In contrast to altcoins, the creators of these altcoins may take their liquidity. Although this rarely happens, in reality it can indeed be done. Because like the altcoin/stablecoin that you mentioned, it's clear that the plan is not good. So the point is to always be careful when buying altcoins like that, or better not just buy them.

True, they are still free to exercise control, for example they can pause, freeze, and delete transactions and wallets that are deemed not in accordance with their rules at any time in their ecosystem.

Apart from BTC, I think there are still services out there that provide complete investment products where we as users are free to choose the instrument or type of investment according to our individual needs and risk profile without more intervention from the service provider.

Financial freedom, or at least at the full existence of it, cannot be exercised if you are working under a company (the government also adds into this). First off, companies wants themselves to get rich not their employees. They want hardworking and money driven employees that will spend hours of dedicated work to be on their side to make them money after all.

Of course, this is not teach in school though, that is the sad part. But in the beginning if after school we all know this, then maybe majority of us will be a entrepreneur themselves and will start from scratch. We have heard success stories in the past, wherein someone takes a risk after college or even not graduated but focus on their ambitious to become financially rich and of course the freedom they want.

So they put up a online store or even services and they try to grow it up from ground up and then become success in the following years. Maybe it's not for everyone, but if we have ambitions then perhaps we can also take risk as others before us has done in the past.

Wherever you work, of course you have work responsibilities that you have to do, they limit you, maybe they are worried that if one day you suddenly don't work for them anymore, this will of course take time for them to find a replacement that can be placed in your position. I am interested in what you said that financial freedom will depend a lot on our personal selves, we must continue to develop ourselves even though we work for other people's companies, because it is not certain that we will always be able to work for the company where we work.

This is not a really surprising thing because as long as it is coming from a centralized company then it has to follow the guidelines og governments so they can never able to launch something like bitcoin even if they want to.

Coming to the financial freedom part no one is ever going to stop you from achieving it but it is more complicated when things are centralized that is the difference.

I respect your advice about possible freeze of funds if using this new stable coin but your title isn't adding up for me, what do you mean that this company will not let people have financial freedom? The freedom that people already had before Paypal released a stable coin, even if I start using this stable coin, what could possibly go wrong? Freeze my account and never give me back my money, that's the highest that could happen, do you know how many times I have lost money in crypto space? I still have my financial freedom.

Many people learned season from FTX and some don't, but I am sure they people have moved on, I am going to use PayPal stable coin if I can buy things from other marketplace online, they make it more easier, because I have use PayPal service many times already.

I have never stored more than 500$ in my PayPal account, unless I want to buy something more costly like 1000$ or more but it doesn't sleep in that account more than a day or two, people are still using PayPal till date and so shall it be with their stable coin.

All the stable coins and Alt coins with centralized decision makers are simply a Crypto facelift for Fiat based financial institutions. The moment when an individual or a small group of people can flip a switch and have full control over your tokens, then it is not financial freedom anymore.

The real deal require mass consensus from mostly pseudo anonymous entities ...and there should be a shitload of them. Not one mining pool with a lot of hashing power... but the majority of them.  ;)  (Bitcoin was developed to protect it's own interest.... so people will not make any decisions that will harm themselves)  :D :D

When I first encounter the news of Paypal going digital, I knew it they are going to come with a comma, nothing special, more like the normal USDs we already have in circulation, the little difference they are offering is, they want to tap into the revenue other stablecoins are milking from the users. Right from day 1, I think Paypal has anti-freeze policy and payment can be reversed at any given time, I see how they have damage businesses by reversing the transaction of a client when they complain of unsatisfaction which is very wrong in all ramifications.

If you can't verify, don't trust, it is as simple as that, stay away from another glorify stablecoins that can make you lose an entire wealth in a single day, they also have KYC for fighting and tracing users when they don't feel satisfy by your actions or money is been spent, I will avoid using the stablecoin. If I have opportunity to receive payment from another place, I simply request for BTC and convert it as soon as possible, no stress! :-*

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

The problem is that large companies can easily lay off many people at the same time during a crisis. After all, at any moment - thanks to a well-promoted brand - they can hire as many new people as they want. Therefore, working for a large company does not guarantee stability

Centralized = Shit. Everything that is centralized, anything could happen to that at any time. You are not in control of your own asset when you use centralized things. This is not new as we are seeing this from the beginning of the centralized services. They will try to take control of your own assets. In cases where you are helpless and can't do anything. This is the real reason behind their centralized services. They will make profits using your assets.

Those who have the power will rule. This is how the world works. So if you want the power to yourself, stick to Bitcoin. No other thing can give you that except Bitcoin.

If companies like Paypal have control over people's money, the government will be able to take control of Paypal to control the people. This is exactly what the government wants. They have already launched CBDC. That should be a clear indication of what the govt. wants. Yet we are still getting hyped about centralized shit.

Expect always for these things to happen because as long that these things are centralized then expect that they would really be getting in line with government rules and regulations on which they wont really be

trying out to oppose via sticking out on whats the current trend specially on decentralization on which it is really that a main opponent if we do speak about the government. We do know that it isnt something
that new or shocking that they would be making their own stablecoin knowing and seeing on whats happening around on which there's still who do really have able to make use of these stable coins
and since they dont really like for them to miss out the bandwagon then its not shocking that they would really be making their own.

About reversible transactions and could have potentially be able to lock up or prohibit transactions on a particular fund or coin? This isnt a shocking news anymore which its normal that they would
be imposing up that kind of control just like on those typical operations that they do have.

Obviously, big corporations would try to grab all the profits for themselves leaving crumbs to trickle down to the floor where the common man grovels, hoping for a little piece of the pie.
Why would they let anyone be financially independent and not having to depend/pay heavily for their goods or services rendered? They would love total dependency from the masses and in a way, they’re getting it too.

Same thing goes with the government. Any government would love and dream of a controlled and obedient citizenry. Citizens that wouldn’t question any actions taken. That dream isn’t possible with a democracy so the government would always cook up schemes and policies that would aim keep the people controlled and in a way, supervised.
Anything that would foil their plans at controlling its citizens would be seen as a threat and would be fought against. Take a look at bitcoin.

What many people in the world still do not understand is that you can start to own a piece of those companies at any point, through a stock broker in most situations. You can start buying shares in them, which give you little slivers over ownership that you can grow over time. Stop thinking of the stock market as a way to gamble, you shouldn't expect to use it and get rich overnight, but you can build up a portfolio brick by brick and in a few years have a powerful income stream that brings you money every month if you choose a dividend strategy for example. Too many people think that they are just sailboats riding on the winds, when in actual fact you can be a ship that is steering it's own motored course through the waves.

You're not forced to use or comply to any business organizations or government by force as long as you're not inline with their opinions, we have our choice to make, every individuals should take responsibility for themselves and make use of what they have to remain independent, this same organizations or government cannot do without the people's opinions on what they offer because they cannot exist alone, we are all interdependence of ourselves in some ways and can do away with any policy implementation we see is not working for us as thought.

True that, as much as possible big company wanted their employee to be dependent on them since their employee are their milking cows.  if these employees are able to have financial freedom then these employee can possibly be their competitor knowing all the aspect of their industry.

The government is influenced by these big companies, though I do not think that the government wanted their citizen to live in minimal state (except those corrupt government) they are somehow impartial and biased who to give favor to resulting on the inequality of benefits and rights.

The problem with companies like paypal is the fact that they will do whatever they can to keep their own control over you, otherwise they will be legally responsible for a lot of things and they do not want that at all. I understand the logic, and I get that it may not be that great, but this is just how they operate.

This is why we have cryptocurrency, to make sure that you have all the control over your own self and if you know what you are doing then you shouldn't be worried about it at all. I get that it may not be liked all that much but that's just how it is and should be the way to be decentralized. If there is no centralized authority over it, then you will be responsible for every single transaction that you make.

This should be common knowledge. The point of any company is to make a profit. They really will not like a system that would make their potential customers and customers not rely on them.
A centralized organization cannot create something it will not control, it's just how it is. That's what makes Bitcoin unique. Whoever created Bitcoin was able to foresee this and know that Bitcoin will never be truly decentralized if it has an owner.
The banks, government, and every other centralized organization want you to keep coming back, they want to own you. That's the only way they can be relevant.

The problem with Paypal is that they stop serving citizens of countries hit by sanctions. I wonder what they will do with their own stablecoin? Will they use KYC - which goes against the principles of decentralization. Any country can fall under sanctions, which means citizens of most countries are at risk.

That's not the point here; whether we like it or not, such companies generate thousands of job opportunities, which is a vital addition to our economy, at least for individuals. I'm certainly not promoting them. Stability doesn't exist in our world anymore.

Back to the stablecoin's topic: I don't understand why some act so surprised; what were you expecting? PayPal itself is known for unexpected account closures and the freezing of funds. Even I had my money frozen but faced no difficulties in unblocking it; apart from that, I had no issues, and they have saved me a couple of times. This also applies to all centralized exchanges and services, such as online wallets. Even USDT is capable of freezing someone's funds; correct me if I'm wrong, but I remember reading it somewhere. Most stablecoins are regulated; unless we're talking about algorithmic ones, why would PayPal's be any different?

If you don't like it, you don't have to use it; there are a handful of other options out there.

True, with just common sense which you would really be able to expect out on what would happen or on the things that they would eventually be trying out to do on which it would always be getting in line with centralization or something that getting in line with government rules and conditions on which its not really that shocking anymore. We know that there are ones who are really that always skeptical about centralization but as a company then they do have the full rights on what are the things that should be done and whats not. They are long time business or company which is sticking into that payment system which is getting in line with
typical fiat which they are really regulated which it would really be just that normal that if ever they would be creating something new like a "stablecoin" then it wont really be shocking that it would really be that heavily
centralized on which it is really just that normal. There are really just that people who cant really just that really loves on having that discrimination or always have something to say that it is really that against
with their interest which why we cant just leave them as it should be?

The government and big companies will never support you and I to have financial freedom. They constantly come up with schemes to seize money from people either forcibly or to keep it under their control. They will give the impression of having the best interests of everyone in mind, but they actually have bad intentions.

Consider how evil the government and big companies like PayPal can be for having a secret plan to freeze people's money whenever they please. I like how Bitcoin News exposed PayPal's poor intentions for creating a stablecoin. Let it be that a lot of people knew about it. Because it appears that some crypto enthusiasts are celebrating PayPal's stablecoin launch

and with this consideration, you may want to be financially stable and as much as possible not use their services at all cost, right? since we can't rely from these companies or our government, what we can do is aim to be self-sufficient, lessen your living expenses by not buying unnecessary items, live simply, don't rely your budget from debts...just live within your means. and you will find out that you don't need to use some of these companies that will screw your money. just take a look at those living in remote areas, they don't need much but they are just happy to be living with their everyday life.

It's not actually the big companies that are purveyors of financial restrictions. They do so at the behest of the government. A company's best interest is to adhere to consumers' interest. If there's incongruence in what a company provides and what a consumer expects, the consumer will go to a competitor. It's how a capitalistic market operates.

With Paypal's stablecoin, I imagine if they wanted to operate within certain jurisdictions, they would have been required to hold centralization powers to the extent they could freeze user funds if compelled by the government. I know Paypal will freeze user funds for arbitrary reasons so they can forfeit the balance and profit from it as well. I view stablecoins as extensions of the government, just operated by private companies. Similar to CBDC's, in a way.

What else would you expect from one of the worlds all time most corrupt companies.  PayPal is pure and utter scum.  They are fraudsters whom get away with murder on a daily basis, and it fucking sickens me. 

I saw a PayPal inside investigation about a decade ago.  It was on some major new outlet (CNN/BBC something like this).  It exposed the ever living fuck out of PayPal ( they were still a part of eBay back at this time )..the funny thing..you can't find this video report ANYWHERE online.  Just a prime example of what these scumbags are all about.  Fucking us over for their benefit.

Big companies of course have the experience and techniques to retain employees who have great potential, they offer salary offers and facilities that look promising, but if we think about it, of course companies require these employees to be loyal so there is never any thought of doing other activities such as opening a business or another.

As you said, it is the company's obligation to treat employees who have good potential for their company so that these employees do not look for other companies that are better in terms of providing facilities for their employees. However, this does not apply to those who have the desire to build a business, it could be that they work for a certain period of time just to have some money when they feel they have enough, so they will leave their place of work to build a business.

I think almost every people I met always say like this, they will work for few years to collect money and they will resign when they have enough money to start a business.

But in the end only few people did it and most of them bankrupt, because they're just not good become a businessman, they don't have a good vision.

It's not about working under someone to get some money to start a business, a real business will try anything to sell his product, he will start by selling his product door to door or become a salesman.

I'm not surprised, not sure why many are treating this as some shocking news. They can do it and sometimes even MUST do it to comply with all standards, rules and laws.

On the other hand, it's just a code snippet it can be from anywhere, it can even be fake.

Power and being in control is difficult to let go off, it is something that most big companies and the government will not easily do. To get freedom, you have to be intentional about your freedom and be sure of the services offered by a company and their terms and conditions before you decide them to be your choice. Understanding the terms and conditions for each company that offers a financial service that you need, will help you make the best decision for the one closest to some freedom. If they all appear the same and have some similarities which I am sure they will have, choose bitcoins, which is totally different.

I'd like to propose to you the company Nestle to topple PayPal off the list. Modern day slavers and they want to privatize water.

The big companies will be able to do that because the people don't do anything about it, as much as you all want to blame these companies slowly building the chains to enslave you, you people not organizing to fight against these silent oppressors and your indifference and ridicule of the people who try to fight them is a big fuel that helps the hot streak that these big companies has been getting in for a while now. I agree that these companies are at fault but who put them there anyway? It's the politicians that you've voted for that put them in that position, I do like to blame these companies too believe me but I just can't, if the people are still subscribing to individualistic philosophies and lifestyle then it will only be a matter of time before they fully control our lives and not just the economy, and we will only know of it when it's already too late. Thanks to satoshi, at the least we are inching closer to being free from these institutions although we still have a long way to go.

That’s true as long as you keep wageslaving for them. Anybody who owns his own business can be free financially. It takes lots of work and dedication but it the end you can be free of work forever. If you are living from paycheck to paycheck, can’t save up any money then you will be poor forever. Capitalism designed that way. You either adapt to it or you die poor. You may hate capitalism too but it is not going to disappear just because you don’t like it. The world simply don’t work that way. Owning a shitty small business is a lot better than working for someone else. That shitty small business may become big in the future but your paychecks will stay small forever.

Sometimes I feel like there are a lot of issues that are obvious but people try to avoid, like how an organization has influence and gain public trust during its existence, and why people agree that it guarantees their safety, whether the control is fair or unfair is also unclear. We want freedom and capable parties want freedom through control, I used to imagine the scenario of the economy collapsing and many big companies falling and they just apologizing to the user, the latter will always suffer more severe consequences. The peculiarity of the crypto market is a favorite with those who do not want to be tied down, as well as those who want to influence it for personal gain. Sometimes that crass truth can't be lost, adapted or eliminated, I think is a natural part of life.

There are many options for us to achieve financial freedom, as Bitcoin or Cryptocurrency has not yet had countless people financially free in their lives because of their growing businesses that just started at small costs.

And now it just adds Bitcoin to one of the ways we can reach financial freedom depending on this of course in your approach and research if you manage it right. As long as the research method is for sure it will also be a good outcome.

The financial freedom will not be allowed by the the Big companies because they will made their employee depended to them.So the employee will not think outside to their company and totally depend on the company salary for the monthly EMI.The monthly Emi will be the biggest burden to the working people on every month and their monthly bills.So the freelancer will be escape from all of this burden and doesn't buy product based on the monthly income.So freelancer are more financially independent to the company employees.

PayPal and other centralized services can freeze the funds of their customers already, without stable coins. I mean, not just banks but also crypto exchanges can totally do stuff like that, citing alleged suspicious behaviour and asking to provide additional documentation, for example. So it's nothing surprising, IMO, that a stablecoin by PayPal would include the freeze function, just to make the process more efficient. And I do agree that people should be aware of these stark differences between cryptos and stablecoins, but let's also not forget about what can already be done by centralized services.

Well, of course they will do so.
All financial corporations in our world rely on the fact that we work with manual and mental labor, and they are intermediaries who benefit out of the blue. Someone has to work hard, we all can't just sit and get rich. Therefore, it is in the interests of financial institutions and banks that we do not get financial freedom, but live in a world that has developed for centuries. At the same time, all these financiers get their benefits by speculating with bitcoin. No matter how much they are afraid of him, but he is also an excellent means of earning money for them, especially with their capital.

We all are describing here all the bad things that the centralized authorities can do but we do not realize that we live in a world where all the things are centralized. Yes, bitcoin is decentralized to the extent that you can keep it in your decentralized wallet. In order to trade or buy things from Bitcoin, you still have to move your coins to centralized locations. Yeah, there are some ways to use Bitcoin in a decentralized manner too but those options are limited and not much mature.

Until Bitcoin will become that much adopted that it will be widely accepted everywhere, we are only at the mercy of these financial companies who only think about themselves.

U've got some solid points in there. Running one's business definitely offers a path to financial freedom, though it's no easy feat. It takes a every inch and tons of effort and dedication, but the potential rewards can be quite liberating. And you're right, the current economic landscape does seem to lean towards capitalism's rules. It's true that change takes time, and simply disliking capitalism won't make it vanish overnight. Sometimes, making the best of the situation means adapting to the sistem while also exploringg opportunities to carve your own path. Even startiyng with a small business, though it might seem "shitty" at first, could hold the key to breaking free from the paycheck-to-paycheck cycle. Plus, who knows, that small venture might just grow into something substantial down the road. It's all about taking steps towards the life you want, whether it's through entrepreneurship or finding ways to thrive within the existing framework.

Mate, another reason to trust the beauty of Bitcoin. PayPal was always sneaky with its own ecosystem where businesses could already counter attack the users or user could attack the businesses by stating the payment issue and PayPal used to Credit the parties. Now it was one of the service points but it was so stupid that it made the businesses to go on loss many times.

PayPal now introducing stable coins is just another lesson to us they are not gonna stop with the devil minds. Now I’m no techie, but if that written code is real then dude PayPal has got big issues with their client base already. I think we will be looking after long time downturns real soon as people start losing their money with that code of conduct.

Bitcoin being decentralised we were discussing and we want everything to be decentralised. When we get adopted more to the decentralised living we'll experience difficulty than what we experience now. Only thing we can stay positive on is the freedom of usage whenever required. The corporate policy is to keep people under their control, only then it is possible to make money for them. I've seen private banks who trigger people to take loan.

A person doesn't have loan/debt and he leads a happy life with what he earns. The private banks make calls to know whether there is need of loan. This makes them think why don't we take a loan and repay as installments. They start taking loans and finally where they land is the big debt, because the amount spent will be on sophistication and not on productive growth assets.

The bankers have claimed for centuries that without them the world economy will not work, and they charge huge fees for their services enriching themselves by simply enabling one person to make a transaction with another.

Bitcoin from one day to the other make them obsolete, and this is why they are trying their best so it does not become popular as they know that if it does then a great deal of the free money they get will simply dry up, and then they will have to compete and work like the rest of the population of the world.

Well, these are some old stories that has never been resolved because the government are not willing to resolve it so they, along with these big businessmen can continue to milk the general public. Low salary rate and high income tax rates, these 2 are few of the main reasons why people have been deprived with their financial freedom. Not only in crypto related terms, but in general. Banks are too quick to suspend and freeze an account if they see something unusual about your recent transactions or if the sense something fraudulent about it - so an exchange can actually do the same with such automated program, it will freeze your assets instantly and that's the bad side about centralized exchange.

Have you ever doubted that big companies pursue only their own mercantile interests? The same Paypal is a commercial organization whose activity is aimed at one thing only, namely, obtaining all possible maximum profit. Paypal was not created to think about the general public, it is not a public organization whose leaders think only about making their users feel comfortable and well. Of course, all their efforts are aimed at controlling their users, not necessarily in the literal sense, but controlling their money. Which, in general, in the modern world gives very great opportunities for big companies (including government bodies) in trampling people's freedoms. These companies have always been ready to sacrifice the interests of their users for the sake of their own and morality is alien to them. Don't be naive and don't expect it. They are not your friends.

Whatever company issues stablecoins,altcoins or its own cryptocurrency, there will be this function of freezing funds everywhere. If you want financial freedom - use bitcoin. There is no other option and will not be.

Actually this case can not only happen to stable coins owned by PayPal. But in more altcoins we are actually used to this. Because until now, only Bitcoin is truly decentralized. That is why bitcoin adoption has never stopped growing. Because more and more people are realizing that only in bitcoin can we find freedom in owning assets.

But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.
But I don't want to deny that by making a stable coin on paypal it will help the growth of crypto adoption to be faster.

It isn’t easy to startup and successfully run a business but it’s definitely worth it. Being employed and working for someone else, you invest your time, knowledge and skills in growing and managing someone else’s business/investments. All your efforts and hard work towards growing another person’s business would then be rewarded with just enough to foot your bills pending the next paycheck.
Running your own business no matter how small and shitty is a lot better. You don’t have to worry about ever getting laid off and if you work and persevere hard enough, the small shitty business would grow and expand and soon, you would have people working to help grow and manage your own investments.

Why does creating a stable coin from a company like Paypal help the crypto market grow faster? What does this have to do with the growth of cryptocurrency adoption? Just like governments creating CBDCs, I don't see any positive impact on crypto industry. What I see from Paypal making stablecoin is for profit, there is no 2nd reason for them to do that.

Consider the profit that Tether announced for the second quarter of $850 million, which means they make an average of $283 million in profit per month. From there, you can see how profitable a stablecoin business can be. Since Paypal use the ETH network, it can be said that ETH will be the biggest beneficiary, not the crypto market.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

There is no better place in our world in economic relations than to be an intermediary. For example, a bank, if we talk about a traditional economic system.
Or a boonmaker with a betting.
Casino and games.
Exchange and trading.
And all because you don't have to make decisions, you just sit as if with a net spread out and get the fish. The difficulty is only in the initial organization of the site. The mediator does not know what the course will be tomorrow, or what the result of the match will be, and he does not care. He will get his profit anyway.

That's why it's the best place in the financial world.

every system development, of course, has positives and negatives from that system, sometimes people are more comfortable using the conventional method because it has been done for a long time, and when a new system emerges, they are reluctant to leave their comfort zone when replaced with the new system, so many of them oppose and look for weaknesses in a system, even though if used properly it will be able to help the development of the business they are running

Of course, there is the risk factor after all. The risk of not knowing the system and being clueless as to what it does and may do affects the reaction or initial feedback of the people. More specifically when it comes to financial aspects, you cannot expect people to just go out of their comfort zone and risk their hard-earned money for something they are clueless about. In most occasions, the general public would prefer an already established system rather than a new innovative one due to trust. Perhaps if the systems gets more and more good feedbacks then maybe more people will try and risk it.

Yes, it's true that all companies, of course, will never give their employees financial freedom so that all employees still have to depend on the company they work for. You are right that some people who work for companies have their monthly bills because they buy products on credit, and freelancers can buy them according to their ability to work.

we know that large companies will need human resources continuously. However, in terms of financial freedom, we can achieve it by owning a business or income from what we have built. i think the concept is different when we have money in paypal, stable coin, or even altcoin then it is frozen. In principle, financial freedom will still give us income that exceeds our needs every month or every certain time.
If we're worried about the asset freeze system, then what we need to do is use online assets just to increase the amount, then we need to invest in real estate, or gold, or something else in the real world.

considering the massive population of human nowadays that the competition is so difficult simply eliminates this reasoning, big companies aren't lacking of workforce I guess, nowadays everything leans more towards consumerism which makes many consumtive, the existence of many latest technology that kept on increase in term of price over the course of the year already make people have no choice but to keep working.
i guess its just that earning that much of money to accomplish your financial target is definitely difficult, everyone trying to succeed at that, but only very few percentage of them spared to have such luxury.
the rest will fail, thats just how it is.

Exactly. If your focus is to gain financial freedom, then never resort on using centralized ones but focus on decentralized exchanges. That way, your finances will never be access by any third party as you have all the control on your account.

By the way, I cannot tell exactly what’s word to replace financial freedom here but I think you are using this term at a different point of view. Just my thought.

Whether we do like it or not but still centralized exchange would never cease to exist, they would be always be that part of the market.For this decentralized aspect of cryptocurrencies existence on which it would

really be just that normal that there would be other side of things that would co-exist like these centralize companies. It would be not shocking that they would really be that heavily regulated knowing that they do get in line with government rules and conditions which we know that it would really be that typical.It is really just that good that we do have at least some options for us to take and have that kind of selection
which we could really go opposing about centralization. Its still that good that we could really be having options on which one we would really be choosing.

For companies like Paypal then it is really that been widely known to be centralized and creating some stablecoins and have the ability on freezing or reverting transactions?
These things arent something new.

I think not all of them are like that. Like for example, some governments will still allow crypto to be adopted by their citizens. If people choose the decentralized ones, this will give them a financial freedom. Then not all companies which has a centralized coin are freezing their costumer's account or do something shady except only if they have done something wrong or illegal.

It won't still be a loss for them because there are still people who continue using fiats. If only they will have a proper service, people will be glad about them and they can get more customers. They can't control Bitcoin or they simply want to create their own crypto but no one is forced to use them.

They are control freaks. PayPal doesn't have a good reputation since they began their campaign to fine their customers who speak against their policy or something. Terrible company. I predict that we would see them too do something like applying for an ETF their own version in the payment space so that they not only have control over users of their stable coins but user who use Bitcoin on their platform. It is safe to use them for a quick transaction but never leave your money there. PayPal is all they can to buy back the goodwill of the public because they already have a terrible rep. Avoid PayPal stable coin, avoid altcoins, memecoins. They are not good for your mental health.

Yes, some countries may let people use cryptocurrencies, but this is just a smokescreen. You see, they hope to get a mile by giving an inch. Decentralization and freedom with money? Thank you. Its a tempting trick given on a silver platter. Most people dont know whats going on, and they live in the hope that digital currencies will free them from oppressive banking systems.

Coins that are controlled by corporations? Again, a trick. The idea that companies would do whats best for their customers is so stupid its funny. Even if they dont freeze accounts or do openly shady things, there is always the chance that they could be manipulated.

Your hope that fiat money will still be used is good, but its wrong. Service done right? More clients? They could care less. Power and control are the real goals here, not making the customer happy. And as for Bitcoin, you can be sure that they will control it as soon as they figure out how. Independence is a dream in this day and age.

I have been reading a lot of negative feedback for PayPal but I didn't think it will be this bad. Seriously, they want to control our money and assets so bad it is ridiculous at this point. I also saw some posts on social media that PayPal either takes down negative posts about that regarding bad user experience or sometimes they are being sent emails regarding legal actions. It is obnoxious. I mean, agree to disagree but none of those negative statements will even be made if they have a good policy and safe user experience. Honestly, I agree with you, avoid PayPal stable coin, altcoins and the likes.

Correct, which is why we must eliminate the middle man and if impossible at least we should reduce the number of intermediaries that exist, as instead of becoming a bridge that helps customers and services to satisfy the needs of each other, they have become an element that hinders them as they keep most of the profits to themselves.

So it is not surprising that historically when profits move from the real economy to financial institutions like banks the economy collapses, a scenario that we are watching unfold at the moment as well.

Unfortunately it's true, companies and governments will always think first about themselves and not about the people. There is no money to be made of financial independent people, because they are free and don't rely anymore on the expensive infrastructure offered by the companies. The same goes for governments, they don't want us to be free because they can't make sure that we pay our taxes. Giving up control over the finances of others is not going to happen easily. Only when the majority of voters would demand it I could see the system change, however in the current world that doesn't seem very likely. So for now there is no way around the fiat money system. Even someone who only deals in bitcoins will have to pay his taxes and public fees in fiat money. The best argument for change would be to get more than 50% of the population to start dealing in crypto currencies.

Same with both of you, the statement of avoiding something if you don't trust it should be applied, in terms of PayPal, those negative feedbacks regarding to their User and Agreements.

There are many complain especially those who got stuck with their money, easy and good
if you are not being victimized by payment, hold or restriction, but if you suffer from it
the chance that you really going to regret using the service will definitely will stick to you.

All of these have pluses and minuses that can be felt by the respective workers, because those who are already working in a company with a permanent employee position will find it easier to get credit from a place they often use to shop. Meanwhile, freelancers will always find it difficult to get any credit from where they shop, so they always have to pay in cash every time they shop, whenever and wherever.

Personally, for now I prefer to work anywhere as long as there is an amount of income because at this time it is very difficult to find work if we do not have special skills. And if for example I work in a company with a certain level of pressure and there is no financial freedom, I will look for my own ideas to be able to save so that I can have financial freedom in life when I have worked in a company for a long time.

Yes, of course, everything has its advantages and disadvantages and it all depends on each of us to choose which one is more comfortable with ourselves. Do you choose to work in a company or with a freelancer if you have the skills and abilities. What is certain is that as the OP said a big company will never let us have financial freedom.

I am a Freelancer, already have family dependents. What I know is that freelancers must have special skills in order to achieve financial freedom. Alhamdulillah, so far expenses and income have been safe (income is greater than expenses), I have also recorded all my expenses. Now what I'm focusing on is a bitcoin investment instrument that can make us financially independent in the future instead of saving like you said. But to be honest, I still avoid investing in altcoins or stocks because I have experienced losses there. So in conclusion investing in bitcoin is better than saving in a bank or something else.

Governments and private companies have different ways to reach the same goals. Both aim power, influence and overcontrol through centralization. They don't respect individuality. I believe at some point in the future we will have private companies ruling countries with greedy megalomaniacs such as Elon Musk in charge.

I'm not sure if individuals can do anything effective to protect themselves against these threats, but thankfully so far we still have decentralized Bitcoin which can't be manipulated by those entities on long term, guaranting us some autonomy and financial progression along the years.

That is true, no matter how much companies and governments promise that they are doing their best to ensure that their employees are growing the same way the company is growing, it is all but just a dream and empty promises. They do not really care about individual success and growth regarding their employees. After all, you are only of value to the company if you are contributing to them, they can careless what they can give to you.

They literally want to split the people based on their status. Since mostly the people who can do this are the one who have power like companies or even worse public government where their role is to improve everyone's life. It's their mindset that they don't want anyone to get ahead of them so they would do anything just to remain the status of lower economic class people. What do you expect in the government? By just simply being corrupted is already one of the factor that causes people to not attain financial freedom. Because you pay for your taxes but the quality and services that the government gives doesn't even come back to you fairly. These reason why I love crypto since it's decentralized no government could do any sht in here.

Proven and still being witnessed by many, in terms of financial freedom without exceeding from what the society is giving to you, there's a hardship or possible that you won't be enjoyed anything.

Like with your example, you needed to work and find other options and not to lean with big companies
especially with the government, as they will not let you get what you deserve, they will just keep
the benefit and provide less from what they are supposed to do.

Not all companies are like that, there are some companies that give opportunities to their excellent employee to further improve their career path by sending them to seminars and workshops related to their job.  This company will give rise to the salary of the chosen employee once this training and workshop is completed.  It is an obvious thing that these companies prioritize their company well being over the employee but due to that same reason, they are educating their employee to contribute more to the company.

Elite employees are able to have financial freedom from the salary they received from their employer but sadly normal employees salary wages are far too low compared to those elites.