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Author Topic: Everyone is free to use Bitcoin as they want  (Read 532 times)
Ronaldcoin2017
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August 20, 2018, 12:15:25 PM
 #141

    Bitcoin is freedom that's why everyone is also free to use bitcoin as they want as long as they use it for good and not for illegal activities. Everyone can use it as investment or even a medium of exchange. No body can control your decision to use your bitcoin.
Bitcoin is for all it is for everyone who understand and wanted to earn on the crypto feild. Any kinds or status of people whether it is a bad or a good person everyone is free to use bitcoin for their own purpose of gaining. I believe that the fast growing economy of bitcoin is the result of its interesting and.frofutable features.

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August 20, 2018, 12:15:56 PM
 #142

There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.

Every person have their own argument about bitcoin. In my opinion, bitcoin can be used as an asset and can used as currency. Its depending on government regulation i think, if regulated by government, i am believe merchant will accepting bitcoin as currency


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August 20, 2018, 12:33:46 PM
 #143

There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.

I myself think that for a while we can call bitcoin an asset because we can use bitcoin as an alternative business which in the sense that it can generate profit or loss, if it is a currency it might still not.

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August 20, 2018, 12:52:59 PM
 #144

Yes, you are right. I personally see bitcoin as an asset, not a currency. some very strong factors for my opinion are Bitcoin is fluctuating, has no price stability. other than that Bitcoin is produced through mining, like gold. but maybe your views are different and assume bitcoin is a currency, and it's free. because there are no rules. and in essence, bitcoin can be used for transactions easily and quickly.


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August 20, 2018, 01:04:35 PM
 #145

Indeed, everyone can use bitcoin as they want. It is very useful in remittances in our country for fast money transfer internationally. And pay our bills in a convenient way. But doing it for a fraudulent act is a bad way of using it because this can make the integrity of bitcoin. So we should'nt do these crimes for the better feedbacks of the new comers that will use bitcoin in the near future.
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August 20, 2018, 03:30:10 PM
 #146

No, your statement is wrong. Every business we live in has certain rules. let alone using bitcoin we cannot freely use bitcoin as we want bitcoin there are also rules. the rules that we must obey are not allowed to use bitcoin at will, such as: not having a double account, not being able to steal someone else's wallet, this also includes rules, so run it all according to its rules

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August 20, 2018, 03:38:07 PM
 #147

Make bitcoin valuable so that it will not lose its value simple. There is manipulations happenings and also scams so i think it should be stop. And yes they can use bitcoin freely there is no rules to break. Asset or currency it is not important i guess. The more important is what are the factors to of cryptocurrency to be succesful and for me there are a few factors that are necessary for a cryptocurrency to be successful — low latency, universality, enhanced privacy, and a decentralized governance system.
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August 20, 2018, 03:54:47 PM
 #148

Being decentralized in nature is what makes bitcoin free for everyone at everywhere to be able to use bitcoin. Once you understand the way and how to use bitcoin. Just go on and use it

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August 20, 2018, 04:29:36 PM
 #149

At the moment mostly bitcoin is considered as an asset to speculate on based on its volatility. The initial aim is kind of faded away now it is considered as the money making tool which I am not against of as GOLD is also traded and it has its own use cases too. we will have to wait for the mass adoption to see bitcoins as a daily driver.

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August 20, 2018, 04:35:35 PM
 #150

There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
It isn't right for everybody, in my country, we are not allowed to pay local bills by bitcoin or cryptocurrency due to new government rules. I hope they will be open for cryptocurrency in near future.

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August 20, 2018, 04:37:58 PM
 #151

The nature of Bitcoin allows it to be used in many ways, we have different profiles in the community, from traders, Bitcoin Maximalists, people who are more interested in the philosophy behind the project, there are those that are in the game to try to win the most money (fiat), those who want to use Bitcoin to pay for everyday things and who see in it a reserve of value.

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August 20, 2018, 04:43:45 PM
 #152

There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.

I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.

So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
It isn't right for everybody, in my country, we are not allowed to pay local bills by bitcoin or cryptocurrency due to new government rules. I hope they will be open for cryptocurrency in near future.
I don't think everyone can feel that. there are some countries that make bitcoin illegal, I'm sure they can't use bitcoin freely. besides, we also cannot use bitcoin as a legitimate payment instrument.

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August 20, 2018, 05:25:54 PM
 #153

Its a very good  point that freedom of use bitcoin. No one can go under any specially economic field. Bitcoin give this freedom on one need to go send or receive your bitcoin on middleman.

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