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Author Topic: Who NEEDS bitcoin in a democratic society?  (Read 1022 times)
Hydrogen
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February 24, 2017, 12:46:49 PM
 #21

One motive behind democracy is dividing power to make it difficult for dictators or totalitarian regimes to emerge.

This leads to a fairer society and elevated living standards as the power structure is distributed, which makes it harder for any single group or demographic to leverage things in their favor.

Bitcoin being similarly distributed and not regulated by a centralized authority figure makes it more difficult for the currency to be abused similar to how democracy functions.

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February 24, 2017, 01:02:30 PM
 #22

In today's democratic countries, the of bitcoin is even more than in the non-democratic countries.
Good thing about btc is that it is for everyone and you own your bitcoin, privacy in today's day of age is important so bitcoin also provide at least some of that financially.
 

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February 24, 2017, 01:06:15 PM
 #23

I live in a democracy country, but the government do not support bitcoin to be legal currency, but it is not banned too. and I see some people still use bitcoin as an investment because there are not many things to buy with.

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February 24, 2017, 10:36:53 PM
 #24

In today's democratic countries, the of bitcoin is even more than in the non-democratic countries.
Good thing about btc is that it is for everyone and you own your bitcoin, privacy in today's day of age is important so bitcoin also provide at least some of that financially.
 
I think that privacy is an important feature bitcoin can offer because there are certain cases of people that need it when dealing with money. Few example of use cases in which bitcoin really is the most convenient and perhaps reliable alternative to use would include controversial figures relying on donations for their work (because conventional payment channels may shut them down even after unsubstantiated reports) or people might be to scared to donate if their anonymity is at stake.


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