Why Bitcoin is trash

[i_am_viral]

There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

Now one way, and one way only is to trade Bitcoin for cash, this is the only way that the government and banks couldn't control Bitcoin.

Now besides freedom this is the real reason I am gravitating away from Bitcoin, is that I didn't get help fron the people that I fought for.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

The idea that I was standing for something called Freedom was an illusion.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.

[APersonOnTheNet]

This seems like a government overreach issue more than a bitcoin issue no? I agree with you that bitcoin and all crypto should be about financial freedom, however I would argue its the state's fault we don't have freedom in bitcoin anymore, and that is very unfortunate. My main portfolio is still bitcoin, but I've been moving more and more into Monero for these reasons.

[jackg]

The main selling point for me with bitcoin was holding something that was deflationary. Cash held on a bank used to be because they'd pay you more in interest than the going inflation rate but now banks just seem to want to lend or charge people to put funds in there.

Banks here don't charge fees on transactions and debit and credit cards normally charge 0.3% or don't get accepted by many places. The same is probably going to be seen with cryptocurrency unless only large powers own them (like banks and governments).

You can find people that will accept crypto in exchange for goods such as land but you'll still need ID - I don't know why government supervision was deemed to you like it was going to go away if they didn't have banks anymore (you're still ruled by your government).

[OgNasty]

If I understand you correctly, you think Bitcoin is trash because your bank wants to see your ID to let you open an account there and nobody in the community here gave you money?

It sounds like your problems stem from something other than Bitcoin.

[o_e_l_e_o]

there is no way to use Bitcoin without the Banks and the government.

There is no way to use fiat without the banks and the government, you mean.

You can't use a bitcoin ATM without an ID because you are trading to fiat. You can't use a centralized exchange without an ID when you are trading to fiat. You can't use a bitcoin debit card without a bank because you are paying in fiat. Meanwhile, I can buy goods and services for bitcoin without ever touching a bank, without ever revealing my ID, and with the government having no knowledge of the transaction. I can transfer money to friends abroad, I can gift money to relatives, I can sell goods and services for bitcoin, I can work or hire people for bitcoin, etc., all without a bank or government.

If you are going to convert your bitcoin back in to fiat whenever you want to spend it, then of course you are going to be at the mercy of the fiat banking system and all their rules and regulations. If you want to avoid this, then spend bitcoin directly.

[logfiles]

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

The problem here is that you are mixing the use of Bitcoin with Government controlled services such as bank and fiat, so they will definitely ask you for Identification.
Try to transfer you Bitcoin to anyone in the world from your noncustodial wallet and see if they will ask you for any ID.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.

Is there a bank that will let you transfer $5M for a fee of less than $5?

[Pizzalover420]

Bitcoin represents freedom?

HELLO BUD, THE CENTRAL BANKERS CAN BUY ALL THE MINERS AND COINS. THERE IS NO FREEDOM. YOU ARE STILL A SLAVE.

working on a coin we all mine at the same rate, it will be true freedom and render bitcoin and fiat back to there true value of 0.

[OcTradism]

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You always can use it as many payment methods and marketplaces to buy and sell bitcoin, with cash, with bank transfer, with gift cards and many other methods.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

Bitcoin ATM is not the unique method to buy or sell bitcoin. Why do you need debit card to use bitcoin? You can use bitcoin to pay for many things. Not all but you will have more ways to use your bitcoin. Buying Tesla electric cars in near future.

How CBDCs Give ‘Absolute Control’ to Central Banks. CBDCs will be created because banks and governments are trying to adapt to changes and evolution from bitcoin and blockchain technology.

[androyster]

There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

Now one way, and one way only is to trade Bitcoin for cash, this is the only way that the government and banks couldn't control Bitcoin.

Now besides freedom this is the real reason I am gravitating away from Bitcoin, is that I didn't get help fron the people that I fought for.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

The idea that I was standing for something called Freedom was an illusion.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.

Which have both become inferior to banks as well.

There's a treatment for what you suffer from.  It involves heavy metals.

[Swordsoffreedom]

You have deviated from the main point of creation of Bitcoin.
Bitcoin is designed as decentralized so that you do not have to borrow from any financial institution for your transactions.
This is the main purpose of Bitcoin, If you want to use this decentralized platform you just need a wallet and Bitcoin balance. As Wallets are 100% free and noncustodial, So, you just need to have Bitcoin balance now.

To get Bitcoin balance you can Buy Bitcoin P2P by spending your cash, No one will ask for your Identification if you use P2P service.
On the other hand, you can get BTC by getting paid in Bitcoin, you will find many online working platforms where Employers are hiring peoples for Bitcoin, most of them will never ask you for KYC.

[mk4]

If this is what makes you steer off away from Bitcoin, then you're heavily HEAVILY misinformed. What makes Bitcoin interesting it's is predictable supply schedule, and the fact that you can't be censored.

I get your point with the bitcoin<->fiat rails being a problem concerning privacy, but this is a problem with the current financial platforms, and definitely NOT a problem concerning Bitcoin. It's like putting all the blame on Activision because your old crappy Pentium Dual-Core computer couldn't run Call of Duty: Warzone

[virasisog]

It's like you are wishing to use Bitcoin without getting in between banks and the government. Take note that the standard medium of exchange we use is fiat, and it is under the government's control. I guess you are yearning for a different extent of freedom here.

[pooya87]

There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

And yet you don't seem to even know what bitcoin is!

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

This has nothing to do with bitcoin! It is the problem with your centralized fiat and everything built on top of it.
The problem is also because you are treating bitcoin as an investment in "trading". It is obvious that you will be subjected to centralization when you do that. It is also another indication that you don't know what bitcoin is and are only using buzzwords such as "freedom" to justify your title.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

Again this has nothing to do with bitcoin and you are also confusing bitcoin community with a charitable organization!
Besides an account that was created in 2013 and also is claiming to have traded bitcoin a lot must now be owned by a person who has millions of dollars at their disposal. It is hard to believe that you went hungry for days needing "help"!

P.S. Your trust feedback shows what your intentions were...

[Kong Hey Pakboy]

It's like you are wishing to use Bitcoin without getting in between banks and the government. Take note that the standard medium of exchange we use is fiat, and it is under the government's control. I guess you are yearning for a different extent of freedom here.

Isn't that the goal of bitcoin in the first place to get transactions done without the middle man but that is a difficult thing to do because government is not an adversary that you want to cross swords with, they have the resources to strike if they think that they must do so, maybe if someday when bitcoin becomes a bigger influence I think that governments might get soft and consider it as a means of exchange besides fiat.

[Silberman]

It's like you are wishing to use Bitcoin without getting in between banks and the government. Take note that the standard medium of exchange we use is fiat, and it is under the government's control. I guess you are yearning for a different extent of freedom here.

Isn't that the goal of bitcoin in the first place to get transactions done without the middle man but that is a difficult thing to do because government is not an adversary that you want to cross swords with, they have the resources to strike if they think that they must do so, maybe if someday when bitcoin becomes a bigger influence I think that governments might get soft and consider it as a means of exchange besides fiat.

And you can make transactions without a middle man but only within the network, once you try to enter the fiat world then you need to follow the rules of the governments, this is why converting your bitcoin to fiat is useless to advance bitcoin as a currency, we need that people begin to accept bitcoin directly for their payments, will this happen? Yes but it will take time, besides that the OP does not seem to know what he is talking about with all his complains that have nothing to do with bitcoin.

[cryptoperkele]

It honestly sounds like you didn't quite understood what you were fighting for in a first place, if you want to hide from the goverment, try to deal with bitcoin, cash and people, not with the banks. You won't be buying luxury houses or owning anything too big, but you'll get to live under radar. And if that was your goal, you'll be fine.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

It sounds like you need other kind of help. Please take care. Mental health isn't a joke.

[Kakmakr]

What Freedom are Bitcoin granting you? (which you missed)

1. The Freedom to open your own wallet, without the need of a Bank.
2. The Freedom to store your own wealth.
3. The Freedom to pay with a alternative currency for some goods and services. (direct payments)
4. The Freedom to control your own money. (Banks can block your account or close the doors and block the ATM's) ==> Greece
5. The Freedom to send money to causes that are blocked by Banks/Credit card companies/PayPal etc.) WikiLeaks / Pornhub ....
6. The Freedom to send money to anyone all over the world. (Even when governments have restrictions on Bank transfers)
7. The Freedom to use money pseudo anonymously. (Using the correct ways to buy it and sell it)
8. The Freedom to gamble, even if your country is restricted. (entertainment)
9. The Freedom to stop losing value on your wealth, when governments make bad decisions. (Trade restrictions / Inflation increase)

Do you want me to continue with a lot more?

[aoluain]

Since I got involved in Bitcoin I have never had as much savings. I have more wealth now
than Ive had for the last 30 years of trying to save FIAT, combined.

Bitcoin has given me freedom, its up to me how I utilise that freedom.
Its up to me to get informed to either use a bank or go anonymous.

I have choices

[ethereumhunter]

There's hardly anyone here who has fought for Bitcoin as hard as I did and traded it as much as I did.

You do not know how hard every people here to survive and earn bitcoin using many ways. We all trying to earn bitcoin a long time ago. Some of them bought bitcoin at the very lowest price and mine bitcoin. So they are the people who can enjoy their bitcoin now, while most people still fight hard to earn bitcoin. So you are not the only one.

For me Bitcoin represented Freedom, but when I took on the national President and the Euro currency and told them I'd go citizenship less and stop using banks it became evident that there is no way to use Bitcoin without the Banks and the government.

You do not need to do that because you can become anti-government, and you can go to jail. Bitcoin represented Freedom, but you still live in your country, and even if you moved to other countries, you still need to follow that country's rules, so you do not get a problem. There are ways to use bitcoin, but you still need the bank and the government.

You can't use the Bitcoin ATM, s without ID and Banks, you can't convert Bitcoin into cash or use it directly with a debit card without the government and banks.

If your country allows people to use bitcoin directly in a local store, you can use it to buy anything you want. But if it's not, you need to convert your bitcoin to fiat money by using help from a third party. I believe that some people will help those who want to convert their bitcoin to fiat money in your country.

Now one way, and one way only is to trade Bitcoin for cash, this is the only way that the government and banks couldn't control Bitcoin.

Yes, that is the solution to trade bitcoin for cash and get the money. But do not forget that the government can do its power to control the exchanges.

Now besides freedom this is the real reason I am gravitating away from Bitcoin, is that I didn't get help fron the people that I fought for.

You do not have to stay away from bitcoin, and you can still stay close with bitcoin, while you can try to earn bitcoin and convert it with fiat money. You need to take care of yourself, and you do not need to get help from the people you fight for. You are responsible for yourself.

There wasn't a single person in the Bitcoin community who was helping me when I did seven days without eating.

We are lived in real life and online life. When someone came to us and contacts us online, we need to be aware because 99% can be a scam and fake when it is related to the internet. But if you try to contact your people who live around you, I believe they will help you without thinking much about you. So if you need help, try to contact them first, as neighbors will be your closest friends and family when you need help.

The idea that I was standing for something called Freedom was an illusion.

Freedom is not an illusion, but sometimes, people think that Freedom means they can do anything they want without thinking if that can damage, ruin or harm other people.

But besides that Bitcoin also had perks over bank transfer like Faster transaction times and lower fees.
Which have both become inferior to banks as well.

Yes, that is the benefit of bitcoin that we already know.

[mezzaluna]

If I understand you correctly, you think Bitcoin is trash because your bank wants to see your ID to let you open an account there and nobody in the community here gave you money?

It sounds like your problems stem from something other than Bitcoin.

It also sounded like he has forgotten living in a country that would require necessary details before getting money from the Digital Currency which is Bitcoin. How would he go living in a country without credentials that would prove that he is someone who is able to gain money from Cryptocurrencies by cashing out with different methods presented in his own country.

I also believe that no European Countries is putting a ban on Bitcoin and there are many users within that region who is still living greatly with the profits of Bitcoin.