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Author Topic: why are you sure the bitcoin will be make economic freedom?  (Read 21044 times)
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March 01, 2019, 06:45:49 AM
 #61

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?
of course if the future bitcoin continues to be developed and becomes perfect, then the paper currency or coins will be replaced, why? because bitcoin has a supply and is temporarily limited to paper money, metal can be produced without restrictions.

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March 01, 2019, 07:47:28 AM
 #62

In my perspective bitcoin have massively grant financial freedom to people and organization world wide. There is no technology that have enable raising of fund the way it have happened in blockchain world. 
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March 01, 2019, 08:41:16 AM
 #63

see the future of bitcoin is bright, I think if we start now, with users who are still minimal, then later if a lot of bitcoin is needed by many people, of course the price will soar and we will get a lot of profit from it
Crypto and bitcoin currencies are specifically created using advances in technology and time and with investor crypto currencies or holders who think for themselves and are fully responsible for our own investments and there is no interference from others and that makes it possible for crypto currencies to create a free economy

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March 01, 2019, 09:08:08 AM
 #64

so this what is called freedom (most people only think they can print money easily and quickly) ?

The freedom is viewed in the aspect of people being able to control their money, no limitation of how much they can have in their portfolio , who they can deal business with and when unlike banks that have some limitation.
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March 01, 2019, 11:53:24 AM
 #65

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

Freedom is first of all, in my opinion, being the real owner of your money (if you control your private keys) and not having to rely on a third party (like a bank) to use your money. With bitcoin, you can directly send it to any other user in the world, easily and with just a little fee.
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March 01, 2019, 02:50:41 PM
 #66

The freedom part mostly refer the user's ability to keep his money himself, even keep it away from the government if he chooses to (requires some extra steps). In short you are your own bank.

Of course you kinda lose some of that freedom and anonymity once you use exchanges and banks to cash out and cash in but the ultimate goal for bitcoin was to also not require that anymore by being able to easily to pay directly p2p.
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March 01, 2019, 11:37:16 PM
 #67

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

Freedom is first of all, in my opinion, being the real owner of your money (if you control your private keys) and not having to rely on a third party (like a bank) to use your money. With bitcoin, you can directly send it to any other user in the world, easily and with just a little fee.
Yes, bitcoin wallets serving as the users own bank let's the people go free with the highest security. Relying on a third party to hold our funds is not that bad, but to make use of our own funds we need to request them to provide. Along with the same there needs to be paid several service charges for the same.

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March 02, 2019, 12:17:14 AM
 #68

The freedom part mostly refer the user's ability to keep his money himself, even keep it away from the government if he chooses to (requires some extra steps). In short you are your own bank.

Of course you kinda lose some of that freedom and anonymity once you use exchanges and banks to cash out and cash in but the ultimate goal for bitcoin was to also not require that anymore by being able to easily to pay directly p2p.
People will take the huge advantage of using bitcoin that is why many will adopt the system.
But all the anonymity we have now will are closely to disappear knowing that mostly all exchanges and transfers have already requires personal identification to proceed.
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March 02, 2019, 02:09:43 AM
 #69

Bitcoin has provided freedom to manage, and this depends on the holder. The freedom given by bitcoin is quite good, but sometimes it loses to the pope, if you want to be absolutely free, then become a pope so you can play a role in the market. Banks remain a priority when we need fiat from fiat exchanges.
LOL anyone can get freedom in bitcoin, of course with their respective needs. Don't need to be a pope/whales to get decentralization and anonymity from crypto? as long as you use crypto you have got that freedom. regarding the manipulation of the pope, that's a different thing
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March 02, 2019, 05:12:17 AM
 #70

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?


The blockchain technology is a decentralized system wherein all transactions are reflected in a public ledger where everyone can access and see it. Furthermore, no one in the system is allowed to fake or change the transaction history as it will be corrected by other users in the blockchain. Cryptocurrency exchanges do not control bitcoin, as from the name itself, they are only a means of converting/purchasing bitcoins or other alternative coins.

Your argument that bitcoin can replace traditional financial institutions is impossible currently as the economic is divided between first and third world countries. Adapting to this kind of change can significantly damage world trade, transactions, and payment from all over the world.

see the future of bitcoin is bright, I think if we start now, with users who are still minimal, then later if a lot of bitcoin is needed by many people, of course the price will soar and we will get a lot of profit from it
Crypto and bitcoin currencies are specifically created using advances in technology and time and with investor crypto currencies or holders who think for themselves and are fully responsible for our own investments and there is no interference from others and that makes it possible for crypto currencies to create a free economy

The future of bitcoin is rather unknown. Regardless of the number of individuals transacting with bitcoin, if government agencies prohibit the usage, then expect it to become obsolete. Although this may be the case, I doubt that the blockchain technology would cease to exist.

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March 02, 2019, 10:38:16 AM
 #71

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

To be honest,I'm not sure about this.Bitcoin will continue to be controlled by a minority of crypto whales and miners that will continue to dictate the price and make more money out of the naive noobs.
However,economic freedom has little to do with the currency you are using.

We can make our own economic freedom by holding bitcoin. If a minority whales control the supply, i am believe the price must be rising and we have a chance to make profits
We will make profit by not supporting those whales but try to make sure no whale take away your profit for misleading you by your emotions, we are making profit but it is just gonna take a few months, crypto currency is independent so it gives more opportunities to holders as price will increase and selling at green will make your economically strong along with financial freedom.
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March 02, 2019, 11:28:37 AM
 #72

The anonymity of the cryptocurrency currency does not replace the total control of the economy by some institutions and the latest development in the cryptocurrency world e.g the regulations of some coins and exchange will not allow the total independence of the crypto industry and at that economic freedom will not be guaranteed.
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March 02, 2019, 12:33:29 PM
 #73

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?

To be honest,I'm not sure about this.Bitcoin will continue to be controlled by a minority of crypto whales and miners that will continue to dictate the price and make more money out of the naive noobs.
However,economic freedom has little to do with the currency you are using.

We can make our own economic freedom by holding bitcoin. If a minority whales control the supply, i am believe the price must be rising and we have a chance to make profits
We will make profit by not supporting those whales but try to make sure no whale take away your profit for misleading you by your emotions, we are making profit but it is just gonna take a few months, crypto currency is independent so it gives more opportunities to holders as price will increase and selling at green will make your economically strong along with financial freedom.
Bitcoin price will surge with or without the whales but it will take time and concerning the issue of supporting the whales. The best thing every crypto trader or investor can do is to make the best out of every trend the market pose cause the act of not supporting the whales will lead to losses and like the saying "it better to join the race than get run over".

Regarding the OP question, people are tired of the government failure and they have seen the impact of Bitcoin in the life of some cryptoneir this make them believe Bitcoin has the key to economic freedom cause what they need is testimony not empty promises.

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March 02, 2019, 01:23:36 PM
 #74

Why won't i be 100% sure that Bitcoin will provide economic freedom when I was already been blessed through it? However, the government that were against Bitcoin acouple of years back make a statement I will never forget he(Steve Bannon, Trump Ex Chief strategist) "cryptocurrencies as the key to national liberation" and JP Morgan who once said negative things about crypto currency now issue their own crypto coin.

All this are more than enough and if I'm not sure that Bitcoin have the power to economic freedom then I'm an idiot.

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March 02, 2019, 03:27:43 PM
 #75

Why won't i be 100% sure that Bitcoin will provide economic freedom when I was already been blessed through it? However, the government that were against Bitcoin acouple of years back make a statement I will never forget he(Steve Bannon, Trump Ex Chief strategist) "cryptocurrencies as the key to national liberation" and JP Morgan who once said negative things about crypto currency now issue their own crypto coin.

All this are more than enough and if I'm not sure that Bitcoin have the power to economic freedom then I'm an idiot.
Everything is a business strategy, JP Morgan affirmed that and already has its currency, it is for the same, and which, allows it to contradict itself, in some way the cryptoactive allows to make large transactions in an instantaneous way, it is handled with a enviable technology, if this is the trend, they must somehow win. Many people feel that they begin to reach their financial freedom, thanks to the fact that they do not depend on a third party to manage their money, I think that this is how it should be.

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March 02, 2019, 03:50:06 PM
 #76

Economic freedom is actually a broader term. Better use "financial freedom". Yeah, bitcoin or other crypto currencies do actually bring that financial freedom but unfortunately is restricted by politics that are played by the Government. The Government would hate to give you financial freedom since, according to their own words "brings risk to a nation". The words are true, but partially. If they regulated the currency in a proper way without causing any kind of barrier, then i would say that it actually can bring financial freedom.

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March 07, 2019, 06:57:05 PM
 #77

I can’t remember where bitcoin promised to replace banks but when individuals and members of the society saw the effectiveness of the currency with all its great features they predicted Bitcoin would replace banks and I think this brought threat to some banks few years ago.

Bitcoin leading to freedom means users will no longer be under the control of government, government will no more be what and how much amount of money to have and to be spent. There will no longer be irrelevant tax charges and it becomes a completely decentralized system.
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March 07, 2019, 11:30:54 PM
 #78

lately, I found most articles the Bitcoin can make the economy more freedom and it will replace traditional financial institutions like banks etc. but what I have seen in the last few years is almost all of the cryptocurrency controlled by the crypto exchange and some related industries about blockchain, so this what is called freedom (most people only think they can print money easily and quickly) ?
making and good economy will always been an important thing for everyone and all over the country people think cryptocurrency can be the only way to make the economy more better that's why I think cryptocurrency play an important role and developing a lot in quicktime for making the future for brighter.
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March 15, 2019, 07:47:55 PM
 #79

Maybe we have a different understanding of economic freedom applied by bitcoin. If you think so, that doesn't mean I hate your statement because there is also truth in what you say. I have an understanding like this that the economic freedom given by bitcoin and its technology is only limited to official rules in a transaction, where we know that in the banking system there are some requirements that are so complicated when we want to send a large amount of money and the process it takes quite a long time while with bitcoin and blockchain it is no longer useful so it makes it easier for people to do various transactions between countries without having to do various processes that take a long time.
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March 15, 2019, 08:00:17 PM
 #80

if in my opinion for economic freedom it is not but to help our economy all right, the problem is that many people who have joined or used bitcoin in their economies are getting better because the benefits of the bitcoin extract are promising

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