So I decided to create my account to ask you guys, if you think BTC true potential, of giving individuals financial independence and direct control without relying on banks or large institutions, is being undermined by speculation and the lack of real-world applications?
First speaking of financial independence, it takes alot to attain that level of financial independence where you no longer need to work hard for money, rather money works for you while you sit back and relax in self satisfaction. I am sorry to break it to you that Bitcoin alone might not guarantee financial independence, especially in this present times. You need the long term mindset in addition to a good speculation to be able to make good profits.
Speculations has nothing to do with the control you have over your assets. You can speculate for profits, while still being in custody of your private keys. Except for people who don't really care about decentralization, they just want to make profits and that's all.
