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Author Topic: but...but....bitcon is supposed to be free!  (Read 263 times)
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August 08, 2018, 03:11:30 PM
 #1

but...but....bitcon is supposed to be free!   for da people, brah!!   
and overthrow those greedy government fee charging banks!!!
 
https://www.zdnet.com/article/square-has-made-37-million-supporting-bitcoin-trading/
 
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August 08, 2018, 03:19:38 PM
 #2

I've never understood these types of posts at all. Bitcoin is free, and that is true. And there are decentralized marketplaces which you can visit to buy bitcoin on and not further these centralized fee paying banks. But these aren't used, and it's pretty simple on why these aren't used.

BECAUSE THERE IS NO VOLUME, and people would much rather have the safety of a brand and  a centralized exchange who is most likely regulated by the government. Bitcoin is always going to be free, but it's crazy to think that private enterprise is going to sell you bitcoin without making money on the sale.

They have the infrastructure, advertising, employees, and so on to employ. They have investors to please. They're not going to do anything for free and it's foolish to think this.


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August 09, 2018, 01:02:30 AM
 #3

You should have to be more active in finding the free one because all of that needs time and knowledge to get results and basically nothing is free there must be paid !!

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August 09, 2018, 03:56:16 AM
Merited by suchmoon (7)
 #4

your title and post are both wrong. bitcoin was never supposed to be free. this is not a giveaway, go read the bitcoin paper. you either gain bitcoin by "spending" your computing power or in other words when you mine bitcoin or when you sell your fiat for bitcoin. for the later you need a place to meet others and come to terms for a trade, that "place" where you meet is an exchange and it asks for a small fee to offer that service. it doesn't have anything to do with bitcoin being free or not. and there is absolutely nothing wrong with it. if you don't like it then don't use it, it is not the only method of "selling your fiat for bitcoin"!

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August 09, 2018, 04:06:51 AM
 #5

but...but....bitcon is supposed to be free!   for da people, brah!!   
and overthrow those greedy government fee charging banks!!!
 
https://www.zdnet.com/article/square-has-made-37-million-supporting-bitcoin-trading/
 

basically we have to be smarter and more knowledgeable to get results because there is nothing free there all must be paid for !!

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August 09, 2018, 05:35:13 AM
 #6

Free things will take a lot of time and effort. What to spend money to earn their own.
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August 09, 2018, 05:55:32 AM
 #7

"Supposedly," which is technically true... if you are willing to buy a very high end computer to mine bitcoins which takes long, and that costs electricity.

Worth it? Yes. Practical? Up to you.

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August 09, 2018, 06:08:30 AM
 #8

Nothing in this world is free.You can't get value for free.
I guess you mean that bitcoin transactions are supposed to be free,not bitcoin.In the begining,many newbies were tricked to believe that bitcoin transactions will have little to zero fees.I guess that's why you are frustrated and you make this post.That article about square isn't relevant to your post,by the way.

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August 09, 2018, 07:33:28 AM
 #9

but...but....bitcon is supposed to be free!   for da people, brah!!   
and overthrow those greedy government fee charging banks!!!
 
https://www.zdnet.com/article/square-has-made-37-million-supporting-bitcoin-trading/
 
I understand your frustration right now and you're discouragement but I can say to your encouragement that we need some time to pass with that, the fact that bitcoin is low right now is not the end for it.

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August 09, 2018, 07:40:38 AM
 #10

All Bitcoins are free but Bitcoin is much lower. You can also get Bitcoins for free if you join the bitcoin team. Charge from your accomplishment
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August 09, 2018, 01:41:32 PM
 #11

What do you want to say by throwing this kind of incomplete text and you should mention what is the link about because without knowing no one will gonna see.
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August 10, 2018, 12:19:42 AM
 #12

but...but....bitcon is supposed to be free!   for da people, brah!!   
and overthrow those greedy government fee charging banks!!!
 
https://www.zdnet.com/article/square-has-made-37-million-supporting-bitcoin-trading/
 

The techno is free and open source, but some will always make profit.

air is free, but there are people selling canned air in Shanghai.
However bitcoin enables individuals to have more control over their funds. Much more than with banks. Smiley

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August 10, 2018, 03:53:13 AM
 #13

but...but....bitcon is supposed to be free!   for da people, brah!!   
and overthrow those greedy government fee charging banks!!!
 
https://www.zdnet.com/article/square-has-made-37-million-supporting-bitcoin-trading/
 

Bitcoin is currency and how can you get the currency for free? You need to do some efforts for earning the currency.
Everyone is free to earn the currency (bitcoin) but not entitled to get it free.

They are providing service so they will earn from it or do you want to say anybody provide services in "Bitcoin" should not earn anything?
If you thinks so ,then you are wrong because Bitcoin are generated as an incentive (earning) to the miner.

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August 10, 2018, 12:25:46 PM
 #14

Bitcoin is still free. Many people are OK with centralized exchanges with KYC and it is possible for them to use this. However, p2p exchanges also exist (e.g. bisq, localbitcoins, liberalcoins, bitcoin ATMs) without need for KYC (no government ID required) and without risk that your funds will be frozen for arbitrary reasons. As long as it is possible to buy and sell bitcoin freely, peer-to-peer without limits or restrictions, bitcoin will remain free. No one forces you to use centralized exchanges.

Edit: Changed decentralized to p2p

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August 10, 2018, 12:49:52 PM
 #15

Bitcoin is still free. Many people are OK with centralized exchanges with KYC and it is possible for them to use this. However, decentralized exchanges also exist (e.g. bisq, localbitcoins, liberalcoins, bitcoin ATMs) without need for KYC (no government ID required) and without risk that your funds will be frozen for arbitrary reasons. As long as it is possible to buy and sell bitcoin freely, peer-to-peer without limits or restrictions, bitcoin will remain free. No one forces you to use centralized exchanges.

All the above  (Localbitcoins, bitcoinATMs) are perfect examples of centralized exchanges (Bisq might be the exeption, but who the hell uses them?). I don't really understand why you think they're decentralized exactly..? Just because they (Localbitcoins, liberalcoins) allow P2P trading?

Quote
without need for KYC (no government ID required)

And yet you list LBC, where KYC is a necessity...

Quote
and without risk that your funds will be frozen for arbitrary reasons.

LBC can freeze your account, your funds anytime they want, and have done so in the past. I don't think liberalcoins is any different..(With the exception of forcing KYC on customers.)

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August 10, 2018, 12:55:12 PM
 #16

If Bitcoin is called a free coin, what does it mean? No one cares about a free or cheap item. I hope Bitcoin can overthrow those greedy governments and banks, but Bitcoin should have a certain value!
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August 10, 2018, 12:58:44 PM
 #17

If everyone can get the bitcoin for free, then it's value is simply 0 and have no market cap.
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August 10, 2018, 01:41:29 PM
 #18

Now how do you plan to cover mining costs?  I don't know how you came up with this idea, but obviously you have no clue what Bitcoin is and how it works.
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August 10, 2018, 01:56:33 PM
 #19

Bitcoin is still free. Many people are OK with centralized exchanges with KYC and it is possible for them to use this. However, decentralized exchanges also exist (e.g. bisq, localbitcoins, liberalcoins, bitcoin ATMs) without need for KYC (no government ID required) and without risk that your funds will be frozen for arbitrary reasons. As long as it is possible to buy and sell bitcoin freely, peer-to-peer without limits or restrictions, bitcoin will remain free. No one forces you to use centralized exchanges.

All the above  (Localbitcoins, bitcoinATMs) are perfect examples of centralized exchanges (Bisq might be the exeption, but who the hell uses them?). I don't really understand why you think they're decentralized exactly..? Just because they (Localbitcoins, liberalcoins) allow P2P trading?

Quote
without need for KYC (no government ID required)

And yet you list LBC, where KYC is a necessity...

Quote
and without risk that your funds will be frozen for arbitrary reasons.

LBC can freeze your account, your funds anytime they want, and have done so in the past. I don't think liberalcoins is any different..(With the exception of forcing KYC on customers.)

I used localbitcoins 2 months ago without KYC but it was low-volume. If it changed recently, I will remove LBC from the list. If you withdraw funds immediately after exchange, you should be safer. Yes I meant to write p2p not decentralized, I will update the post.

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August 11, 2018, 12:30:54 AM
 #20

How bitcoin is supposed to be free? You have to earn it by spending your time, or you need to mine or you can exchange your fiat money to buy bitcoin.
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