Bitcoin as an example of true democracy ?

[elastiman]

I like how you think man, yes bitcoin has been a blessing for many people from all over the world including for me, and it has been a source of wealth, a form of payment and assets for many others and also a form of saving money. (And for me having money it is having freedom)  It has become  the universal currency in short time  and I am pretty sure that those countries that do not accept it sooner or later they will

[Twinscoin2017]

I like how you think man, yes bitcoin has been a blessing for many people from all over the world including for me, and it has been a source of wealth, a form of payment and assets for many others and also a form of saving money. (And for me having money it is having freedom)  It has become  the universal currency in short time  and I am pretty sure that those countries that do not accept it sooner or later they will

Yes i agree on that bitcoin is really a true example of democracy we can really have time freedom and we can also have financial freedom through the help of bitcoin. Bitcoin is really becoming more great day by day. It is the most amazing coin that is really becoming more trend due to its amazing price and features.

[bndunlap]

I do think that Bitcoin's business model could be viewed as a version of democracy, but it's also hard to make that comparison when Bitcoin is only accessible to certain people. I think Bitcoin could have potential to represent true democracy if somehow it was made accessible to more people.

[NickVick]

I agree with this that with the existence of bitcoin every society has the freedom to determine the storage of their property without any intervention by the government, besides that Bitcoin has no state tax .

[Quennlorna42]

I dont think so because bitcoin is a decentralized currency in the country. How can I compare it to a democracy does not really mean the same as democracy declares that it's an economy in administration, while the bitcoin is a digital currrency in economic cryptocurrency in the country.

[blocklancer8]

very much agree with the views you give. With bitcoin we are not trapped by the rulers in the government. Leave Bitcoin like this, because it is very helpful and makes it easy to transact safely and quickly.

[dohh]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

I disagree.

BTC was created to make early "miners" very wealthy. I write "miners" with quotation marks, because early coin mass-harvesting can be called "mining" only with a huge concession.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

BTC mining is a clear pyramid scheme.

[DennyPen]

I agree with this that with the existence of bitcoin every society has the freedom to determine the storage of their property without any intervention by the government, besides that Bitcoin has no state tax .

About the taxation, it's yet to come. I doubt that governments will leave this just like that. Moreover, some countries have already applied taxation to btc and crypto assets.

[rikybrosh]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

If it is symbolic then yes, but bitcoin Market still dominated by capitalist. Democracy should not harm any individual, but till now many people loss their money in bitcoin investment due to the playable bitcoin market in early stage of adoption. Bitcoin is not the best currency but atleast it is faster and traceable unlike fiat(paper money)

[resty]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

Your absolutely correct sir, democracy is not only for the human it is also applicable for generating income in any different aspects. like the people free for everything as long the will not commit crime they are always free. this is similar for the said subject you build your own business without any collaborator you are free to invest in your own way. that is the good effect of bitcoin you can earn a lot of income with your own and of course you gonna loose sometimes during the time you don't use your good strategy but at least no people can blame you if this gonna happen.

[suzanne5223]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

I agreed to what OP said because bitcoin posed the ability of giving each and every man equal right. It also collect the power from the government to each and give to every individuals which is the reason why some of the government see bitcoin as a threat to their office.

[Crypto one]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

I think bitcoins are to centralize to be that thing that can truly bring democracy to the world, most of the bitcoins are hold by a very small group of people and a even small group of people are controlling the mining of bitcoins.

[nazaididuan1]

BTC's payment and transfer are done by the miners of the network, so that everyone is involved in the management of BTC!
A decentralized payment system that does not depend on any intermediary!
This is a very democratic thing!

[rumexx]

I completely agree with you on the concept of bitcoin. The idea was to economically empower the poor and the unbanked. Bitcoin is such that anybody can have access to it and there will be no third party involved thereby making both parties to lose money through a service charge to the third party. Bitcoin is really an innovative concept.

[ardhigalau]

Decentralization makes a lot of people targeted by bitcoin, because the bitcoi price continues to increase from year to year. Hopefully you could buy it before the price soared.

[iMark]

This is because of its decentralized structure. However, there are some differences between democracy and not being the center of economy. Democracy is all about administration. It must be a matter of choice. I think we can give Bitcoin an example of democracy in economic structure.

Yeah that freedom for everything including financial transactions without intervention from anyone is a right for everyone. cryptocurrency provides an example, that democracy really happens in crypto, everyone is free to choose whom they will transact, how much is the fee should they spend, and many more. absolute democracy in the economy is in cryptocurrency

[Trinity_boy]

True democracy specific to the financial system but not as a whole obviously bitcoin is not regulated by any banks nor governments hence giving you that so called democracy on your transactions and investments with Bitcoins.

[Dudeperfect]

To be honest, Bitcoin is still in its basic phase of development and hence it will take some time to evolve it as a stable payment system. As of now, we are able to use Bitcoin as a payment system but not everyone is accepting Bitcoin at this stage and hence we have a long way to go. I would say that the users who know the real potential of cryptocurrencies are the kings of this system because the sole aim is to distribute the power and control.

[gesdan]

yes i agree with bitcoin is the currency that can be used for anything from the blockchain system, but id ont know about the democracy so i can't give my opinion about it

[Btcvilla]

Bitcoin is created mainly for ordinary people to make transactions without third parties and that payments would be anonymous ! Bitcoin frees humanity from the control of your personal money from the global States. It shows the true face of world democracy and frees us from dictators who think they are kings !
Do you agree ? Share your opinion friends.
Everything peace !

I think this has been very far from discussion about blockchain,
bitcoin and democracy. in fact we often say that bitcoin is part of assets. this discussion will have no effect on any effect and this is only your assumption