If we think the government is manipulating us, can bitcoin really solve that?

[Renampun]

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But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

Basically, the government can regulate exchanges and prohibit people from trading Bitcoin, but they cannot control Bitcoin itself, in other words, as a Bitcoin holder, you will not lose control of your assets just because of these regulations, as long as you store your Bitcoin in your non-custodial wallet with a private key that you control, no authority can control your assets, and this is the advantage of Bitcoin decentralization, financial freedom is completely in your hands.

[Anthony Bill]

I think this  is the reason Satoshi create Bitcoin government cannot control. Truly, if you look around the world you will believe that government control everything include human being on earth  but the power to control this Bitcoin is not there yet until Satoshi give the power to the government when him finally appear.

[Woodie]

A lot of people nowadays believe that the government controls too much, from the value of our money to how the banks operate. They can print more cash anytime, raise taxes, or even freeze accounts if they want. We keep working hard, but inflation keeps eating our savings, and it feels like we’re always losing while those in power stay rich no matter what happens.

But where is the lie in all you have written???

We all know the politics as ruined how these systems work, professionals that understand how policies, money, taxes and everything  works are now being influenced by the politicians which is the number one mistake...and the printing of money let's not even go there!
All these imperfections coming from our government bureaucracies can't be compared to the organized Bitcoin.

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

This is for the users using centralized exchanges, let's not forget the decentralised system still exists and P2P channels are still open.. it's all about preference and how much you respect your privacy and love for these govt controlled gateway's.

[fuguebtc]

So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

You cannot expect us to be completely free from government surveillance and control because after all, they are the ones who control this world. And bitcoin was born with the goal of helping us reduce our dependence on them, and have complete control over our assets. It was not created to give us absolute liberty or to free us from government altogether.

Even though it is designed to be decentralized, that does not mean it can operate independently, completely isolated from the rest of the world. Bitcoin is just a part of the world and economy, and it cannot function independently so don't ask too much from it.

[Patikno]

Personally, I would answer "Yes", but only if Bitcoin is legalized as legal tender. If that happens, I believe Bitcoin will solve that problem, and that is why I hope, and believe it will happen sooner or later. I believe Bitcoin adoption is a step towards that goal, people will get used to using it, and Bitcoin will automatically become part of peoples habits. So, personally, I believe if a country uses Bitcoin as legal tender, and without using any fiat, then they will be a winner, and they will most likely become part of the history of Bitcoin, meaning they will become a model for other countries to follow their success. However, it doesn't seem like that will happen anytime soon, but I am confident it will be realized if Bitcoin adoption spreads further around the world.

I have often tell about El Salvador obstacles (in several posts) to Bitcoin adoption, their purchase, or use Bitcoin as legal tender, but they were challenged by the IMF to make it happen. I am not sure exactly what happened behind the story, but Nayib Bukele clearly wants to further their Bitcoin ambitions, and we could see various news reports about this.

One of reference : investortrust.id - El Savador President Nayib Bukele Firmly Opposes IMF Bitcoin Restrictions ( Need to use translation to read this )

[mustapha67]

A lot of people nowadays believe that the government controls too much, from the value of our money to how the banks operate. They can print more cash anytime, raise taxes, or even freeze accounts if they want. We keep working hard, but inflation keeps eating our savings, and it feels like we’re always losing while those in power stay rich no matter what happens.

That’s where bitcoin comes in. It was built as a response to that system, no central bank, no government control, no one who can just change the rules when they want. Everything is transparent, recorded on the blockchain, and anyone can verify it. You don’t need permission to use it or send it across borders, which is why many people see it as a way to take back control of their own money.

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

Interestingly enough, I thank you Sir for your noble ideology. The truth is that government has her way to frustrate her citizens. Government has everything under control, yet marginalizing the citizens.

But somehow though, as a newbie, I feel that Bitcoin is a reliable forum. A platform for equity and justice as it was introduced, however, I feel like getting more serious and authentic information concerning everything here.

[Jegileman]

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

The decentralized form of bitcoin makes it an anonymity of itself, so even if governments can tracks exchanges and transactions through them, it doesn’t mean they can control how you manage and spend your money from your wallet. Government may have a very substantial impact in the market, but it doesn’t give away the fact that bitcoin decentralized form and doors to freedom of ownership of your own funds is limited and can be controlled by the government to the fullest.

With bitcoin being made a legal tender some day, we don’t need to exchange to cash, use exchanges before we can spend our bitcoins, so that will definitely make boycotting the government out of the way for us. Bitcoin still stands on its existing protocols despite being tempted by the government regulations, they come and go but their effect don’t last forever in the market before Bitcoin gets back to working on the same consensus it has being built on.

[Ziskinberg]

That's given for any government to control the people, to control everything whatever is existing, and bitcoin isn't an exception. However, since bitcoin can be used as a payment system through online transactions even across borders, if people will just utilize bitcoin that way, then banks and government will never have the chance to manipulate bitcoin, except if you use your bitcoin to pay in the banks, to pay in government institutions, or if you decide to deposit your bitcoin in centralized banks, surely the government will have the right to control or manipulate it like fiat.

[Furious 7]

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

Governments are still going to have the same attitude even if they start trying to be bitcoin-friendly because even though they know that it can't be fully controlled, they can still emphasize the rules they have put in place since the beginning which are still against bitcoin.
But in the end this becomes a choice that comes back to ourselves, the point is that when the government wants to try to be friendly by creating rules so that their exchanges determine but that does not mean we will be completely fixated on it.

Bitcoin is still a symbol of financial freedom today and we know at the end of the day this situation is obviously not going to change even if the government does some things to put a little pressure and look at our record on the exchanges but that doesn't mean we're going to submit to it.

[nutildah]

The government did what it does best and transformed Bitcoin into a tool that can be used to suppress the general population. They did this by making it more costly to obtain than it is to spend, thus rendering the money part of it kind of useless. At the end of the day, Bitcoin still works exactly as intended. Its just that the general public is being fed the idea that it can only be used as an investment, which of course is not true at all. So Bitcoin hasn't changed but the public's perception of it has.

[finaleshot2016]

The reason why Bitcoin is still on the top is because of us. The manipulations that’s happening are not worth to worry about because those affects only in few days not in long term. If you’re a day trader, you’ll affected easily but if you are looking at the bigger picture, a long-term shouldn’t worry about because it’ll eventually grow as the people adapts BTC. Bitcoin is free, no one can claim it and there’s no central system that handles it, if a certain country wants to manipulate it fully, the should buy a lot of it but it would be very expensive. It’s better to make gold as reserve than BTC if we’re speaking about a practical move so they won’t commit fully to crypto. Therefore, no one can control BTC, the community is the one who’ll the dictate the future, just dont be a paper hands and panic sell during manipulations.

[Botnake]

Certainly yes. Bitcoin holds the key to stay away from government's manipulation. That will only be possible if we are consistent with using bitcoin as a currency to buy goods and services we want. And never to get involved in centralized institutions that could get hold an access our bitcoin and therefore control them. And trough bitcoin, we can always get rid of fiat and other centralized currencies, but stick only to bitcoin as a currency.

[martinex]

It can as long as you're able to purchase anything using Bitcoin, that's the important part to reduce interaction with centralized system.

This is what I'm looking for. Yes. Limiting fiat currency is a smart move, but I think we have to realize it's a significant process, as the paradigm shift hasn't fully taken place and we're not yet living in a fully crypto environment. But we can work around this by making Bitcoin feel like a medium of exchange, not just a number on a chart.

For example, we can paying a friend after a relaxing coffee break or something else, or finding a digital service that accepts payment in BTC. The point is, BTC isn't just about buying it, piling it up into a mountain and waiting for people to say it's "to the moon," but it can also be viewed and directed as a currency for paying for things. Eventually, when governments see this, a new trend will emerge, with BTC becoming the primary player and fiat becoming a secondary player.

[Darker45]

It seems the argument is going in circles. There's the government. There's Bitcoin. But then there's the government again. Well, that's why you Bitcoin. Isn't that exactly the reason why you Bitcoin? I guess the problem is that you want to have your cake and eat it, too. You're into Bitcoin to get rid of the government and yet you want to use centralized exchanges, convert Bitcoin to fiat, and so on, things that can't be totally detached from the government.

Perhaps the ultimate question is, can we really escape from government manipulation?

[348Judah]

even if bitcoin is decentralized, the system around it isn’t.

What is then the system you're referring into in your way that makes it centralized, are government controlling for bitcoin network, blockchain technology? Once the answer here are no, then there's nothing the government can take control nocer in bitcoin network.

Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash.

This is where the fight against privacy begins, because they already know for these.

This one is left on using we really wanted them to do so, spying on us is a choice to make by us if we wanted anyone to see all we do and trace them back to us in our real life identity.

So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

Bitcoin is the solution to the world financial challenges, but not mandatory for everyone to use it, which is why it's an alternative digital currency

[8rch7]

Actually we can't fight with government regulation, after easily for government increasing taxes transaction, printed more cash any time until freeze easily your bank account and our money in the bank money confiscated easily by them.
Bitcoin could be right solution but we need exchange and its can't build up without government regulation, without any exchange market we can't buy and sell bitcoin how to grow up our profit by investing in bitcoin. Nowadays in my country raises taxes transaction not only at real business but also cryptocurrency still not legal as payment transaction have pay taxes transaction directly cut off every buy and sell coin in our local exchange.
The government have full power and full controlling with our activities exactly about financial its make difficult for fighting them, but we must find solution how to make bitcoin more decentralize for the future and we can fight all regulation from government.

[tbct_mt2]

It seems the argument is going in circles. There's the government. There's Bitcoin. But then there's the government again. Well, that's why you Bitcoin. Isn't that exactly the reason why you Bitcoin? I guess the problem is that you want to have your cake and eat it, too. You're into Bitcoin to get rid of the government and yet you want to use centralized exchanges, convert Bitcoin to fiat, and so on, things that can't be totally detached from the government.

Perhaps the ultimate question is, can we really escape from government manipulation?

The principle is governments always follow their citizens. They don't create new things, new technologies for benefits of their citizens. In fact citizens in their communities innovate new things, new technologies for their benefits, and after a while of observation and consideration of possible regulations on such new things, governments will take action and do their legal and regulatory enforcements on their citizens.

It's true with Bitcoin, blockchain, cryptocurrencies and is always true with many other things.

I don't consider what governments do as manipulation and even they do it, why do we have to mind about it as basically in all markets, there are manipulations from market makers that can be governmental or non-governmental?

[Rustam Meraj]

You stated problem clearly Bitcoin was meant at preventing government control of printing money and frozen accounts and provided us with freedom due to its lack of central control. Although Bitcoin manages to keep your wealth against inflation since it has fixed limit, it cannot save you fully against government since they have places to enter such as exchanges and banks where you can purchase and sell it. These access points let them to watch transactions, tax, and make rules, that is, Bitcoin gives you financial freedom, not rules based freedom to laws of your country, and you only have complete protection when you own Bitcoin personally and not within the usual financial system.

[alastantiger]

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

We don't need the government to be able to connect cryptocurrency to the real world, we can do that individually through P2P but we're the ones worrying ourselves and always looking for the government approval and the government have realized this and that's why they're always treating us like we don't know what we're doing because we make them feel like we can't do without them. We don't have to make use of the big centralized exchanges that although they make things easier but at the cost of our privacy and also controlling the market. Assuming we do things decentralized, the market should have adopted to that way of trading and exchanging then we would had been better off. For the scams, we would had found a way to fight that and improve our general experience with trading.

[Die_empty]

But here’s the thing, even if bitcoin is decentralized, the system around it isn’t. Governments can still regulate exchanges, track transactions, and even control how we convert crypto into cash. So although bitcoin gives us freedom in theory, but can it really protect us from government manipulation if they still control the gateways where crypto meets the real world?

I have seen Bitcoin perform its function of decentralization perfectly. There was a time the government of my country limited the amount that could be transferred from banks. They claimed that this was done to curb inflation and financial crimes. Many businesses that had to pay intentional partners began to suffer because the financial restrictions were having negative consequences. Many of them switched to Bitcoin as a means to engage in international trading. The government couldn't stop it because it was beyond its control. The government can only regulate the Bitcoin you want to convert to fiat. But if you are paying with or receiving Bitcoin for a product or service through P2P, the government cannot influence it.