Legal guns to protect from government = bitcoin to protect from banks?

[sakahayang]

Bitcoin with Fiat can not be equated, but in its function of mutual need. Bitcoin still needs Fiat in its use, it can not be avoided. All parties are always pressing Bitcoin So also with fiat and Government, doing everything possible to make Bitcoin destroyed. but on the one hand, because so many users of Bitcoin it will be very unfortunate if it is destroyed. surely the government will peg a very large tax.

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[budismile]

Of course the government must be protected by the walls of the Law, because otherwise there will be many who threaten. as well as Bitcoin, Bitcoin was created because to avoid the bank. the bank reap the benefits of its users, its users always complain because the bank is so pressing by doing fraud.
Actually Not the same problem or not, because Bitcoin need Fiat as a bridge to be able to transact from the user with other users.
so I think Fiat is very depressing Bitcoin, because Bitcoin is still dependent on Fiat.

[jademacoy]

Nope bitcoin is being misused and there are many misconceptions against bitcoin. Some are saying that bitcoin is used in a form of payment which actually there is an happening where some establishment accept bitcoin but we all know that there could be some regulations on it because that bitcoin will be converted to fiat and there are transaction fee's to be taken after bitcoin converted to fiat money. But if the establishment will accept bitcoin without the conversion of bitcoin to fiat money that would be great. This is one of the problem and one of the misconception. Some would also say that it could save fees from the banks if we are going to save in cryptocurrency but actually here in the Philippines it is costly since local exchange has higher rate and that would be much expensive than saving money in the bank. For example we buy ether for 430 USD which in the current price in coinmarketcap is only 410 USD so got 20 USD and that is already a big thing and exchanging it to fiat it could be another story for example you had sold  ether for 410 but the current price in coinmarketcap is 430. So there could be a big difference on saving money in crypto and in the bank. But we are saving money on crypto because we know that there is a huge market price increase in the near future and we do only hold and could not day trade so sad.

[albantani]

Fiat can't be oppressive, it's an inanimate object. Just like a gun doesn't draw people to violence, it's just a tool. Also, like others have mentioned, BTC wasn't made to eliminate fiat. It was made to give people a choice. To show them that the way of the government (go to school, get a job, take a loan, buy a house and a car, save for retirement, pay taxes, get social security) isn't the only way.

I do not think so, I feel Fiat can oppress Bitcoin, the first reason is Bitcoin still depend on Fiat (if there is no Fiat then Bitcoin no one invests), the second reason is Bitcoin is still considered as investment tool instead of currency (thus Fiat is still can play Bitcoin users)

[AurumService]

Quite a strange comparision. Guns are invented for self-protection (from those who are criminals, mentally ill people etc). Of course sometimes police officers are brutal enough but still...Bitcoin can be seen as a new kind of currency that are free not only from banks but also from regulating in general, from wasting time...

[Ctn]

In US guns where legalized for the primary purpose of people protect against oppressive governments. Brilliant idea.

Is Bitcoin the same thing against FIAT? No doubt FIAT is oppressive (just read some basic economics).

Very big difference my friend. Dont see any relevance with what example you gave. We still have Gold and silvers to protect us from the catastrophic effects if in any case something get wrong with the FIAT. I dont know why people have started to think about the crypto currency a lot in todays date as there was Gold rush before and now they rely on the crypto's straight. Putting too much trust over the crypto and its still in the ambiguity whether the regulatory acceptance will come or not. 

[mrcash02]

Good analogy. It makes sense... Even because governments are always trying to implement gun control politics, also always trying to implement regulations over Bitcoin.

Their strategy: To use fear against people in both cases. To make people fear guns, to fear Bitcoin, so the government can control/regulate anything easily, without resistance.

[kangen riko]

Yes, you are right. Bitcoin is the key to freedom for society from government and bank pressure. But for bitcoin banks like rebellions, banks are always trying to take advantage of deposits but bitcoin is not, bitcoin pumps their money who wants to invest or trade. Bitcoin also frees people from taxes, though for now many governments are willing to legalize bitcoin but that does not mean they will remain silent without taking advantage.

[cryptoassistent]

This comparison is not the similarities. BTC is only built on the values ​​of faith, when nobody believes anymore, it lost value. Also guns and the government it is the real world, are protected. BTC is not so.

what happens when you dont believe fiat currency you use has any backup?

what if I told you government exists only as long as you believe you need it?

everything is faith, BTC is as real as anything else

[pereira4]

It's a good analogy. You can make a good use of guns to protect yourself or you can make a bad use of guns to attack others for stupid reasons. Same goes with Bitcoin, you can use to protect against scammers trying to steal your hard earned wealth or you can use it to damage others. Always make a good use of Bitcoin and of your weapons and you'll be ok.

Of course government may not find the analogy correct if it's on their interest. I think the only reason US allows weapons is due big deals with rifle association not because they care about their citizens defending their homes.

[ajpandey]

Thank you for the explanation.  It really helps the ones who are interested in Learning about Bitcoins. Am interested in Learning about bitcoin and Crypto trading, So I think this forum would be a great resource for me.

[marginal]

In US guns where legalized for the primary purpose of people protect against oppressive governments. Brilliant idea.

Is Bitcoin the same thing against FIAT? No doubt FIAT is oppressive (just read some basic economics).

As far as I know for this time American government are not even close to accept some cryptocurrencies in general,  so it is way too soon to speak something like that.

[arlington]

at the moment it can be regarded as it can protect us from banks but as soon as people like some that we see today wants to take the control of entire btc market than things take another level.

[ParadoxXx]

In US guns where legalized for the primary purpose of people protect against oppressive governments. Brilliant idea.

Is Bitcoin the same thing against FIAT? No doubt FIAT is oppressive (just read some basic economics).

I think you're wrong. Some governments allow citizens to have guns because they can't protect everyone from street crime. No one is allowed to have weapons to defend against a repressive government. Moreover, the more repressive the government, the less it values human life and therefore weapons are banned in such countries. No government wants to deprive itself of the right to influence all citizens through Fiat.

Indeed, one of the purpose is to  defend from they own government. But i agree with you, repressive governments don't allow their citizens to have weapons

[ASHLIUSZ]

I never find bitcoin to be same as a legal gun, because bitcoin is something virtual which is successful upon the technology growth. Why I differ from others opinion is that, gun got innovated for the purpose of defeating and for war. Bitcoin got innovated for good deeds of eliminating the intermediary service who were the one who swallow the people's hard earnings.

[hitchcoin]

It sounds pretty cruel,  but something is in it. So I cannot say that I agree completely but I can say that government would be more aware of people working at cryptocurrency if they will have some rights.

[shampapk1988]

BTC can harly oppose bitcoin as bitcoin itself need fiat currency in many places. I appreciated what those legal guns are doing.

[Catch-22]

The government has tanks, gunships, drones and artillery. How do you think rifles can match up to those?  Why do some people here are so paranoid about governments? Wanna end up like Somalia? Bitcoin and paper money can coexist. Banks will incorporated cryptocurrency into their system. Everybody wins.

[teterinal]

First is i don't think that the government legalized guns so that citizens can protect themselves from the govt.
Bticoin  do protect us from fiat and its undervaluation and control of the government. But it was not made to be this fiat replacement or go against fiat. it was just made to be a new form payment method.

[cryptoassistent]

First is i don't think that the government legalized guns so that citizens can protect themselves from the govt.
Bticoin  do protect us from fiat and its undervaluation and control of the government. But it was not made to be this fiat replacement or go against fiat. it was just made to be a new form payment method.

1. What do you mean "not made to be fiat replacement"? What do you use BTC for?
2. I never said BTC is actively taking actions against fiat, I said it is a tool for protection against fiat vulnerabilities.