Why Bitcoin is trash

[elisabetheva]

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.

As a good citizen, freedom is certainly obtained as long as it does not violate the rules set by the government.
The use of bitcoin without involving banking is certainly very difficult to do if we are still using fiat transactions, as a friend above said that the standard medium of exchange in almost most countries still uses fiat. So it is true that all control is still under the government and the freedom that the OP wants may be difficult to materialize to be implemented in a country like this.

[shoreno]

There's hardly anyone here who has fought for Bitcoin as  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 are too brave to do that and you might be right that anyone can hardly did what you have done but since you already proposed btc to them why would you say that your the only one that will use btc ? and not all of the people within your country ? but for sure they will get more angry if you said that and did they explain to you that you cant use btc without a bank and government ? obviously they can say that because they do not also want btc to rule but i think it is really possible to use btc without the help of them

[aysg76]

See if you want to exchange your Bitcoins for fiat and withdraw funds to your bank account then you need to have a bank account which means you need to go through a centralized chain of authority but if you are dealing in Bitcoin you can sen and receive Bitcoin to anyone without the use of any ID and moreover your transaction can be processed immediately if you have given the average fees which is not much without any documentation.This is what makes bitcoin decentralised and provides your freedom and make you the real owner of of your funds.So you need to fully understand Bitcoin usage and eradicate the misconceptions you are having about it.

[isaac_clarke22]

~

Those are third party methods that you're mentioning.
Still in its core, you don't need yourself an ID. Just get a wallet, desktop one, or even hardware type.
Those online wallets are unavoidable in those KYC process that happens.

I remember a thread here by "The Pharmacist" about the Bitcoin ATMs.
Some of those Bitcoin ATMs don't require an ID at all, but some does also.

[NeuroticFish]

~

This means that gold is also trash.

Bitcoin can be used as means of payment very good, exactly for peer-to-peer. Yes, it's expensive if you're in a hurry. (It was again under 8 sat/vByte in the week-end.) Yes, shops will avoid using Bitcoin because it makes it harder for them calculate the taxes they have to pay in fiat - but this is because governments favor their own currency, not because Bitcoin would be trash.

You may have had bad experience. Sorry about that.
But if you have no friends to help you with some money, is the money to blame? And if you try to scam, no matter how desperate you are, doesn't that make everything worse? (With your red tag, people may think twice before believing any of your stories.)

All in all, your logic and your story is not convincing about "bitcoin being trash".

[davis196]

Freedom is a concept.We cannot be truly free.There are always limitations and dependencies in everybody's life.Just go on a lonely distant island away from the civilization and then you will be 100% truly free.
Bitcoin cannot "represent freedom" because BTC is only a currency/financial asset.
You are whining about ID verification and KYC.Well,verifying your identity is a requirement for using financial services nowadays.If you don't want to verify your identity,just use the darknet.

[iv4n]

To be honest I didn't read all the comments on this topic (even there are just 2 pages)... After reading the headline and opening post I think that OP is confused, and whatever we say to him (and probably each of us will try to give him some kind of explanation why he is wrong) he will not change his mind, probably!

Each of us has a different perspective, understanding of something, and approach in the end! I think OP just got in over his head for a second and he lost his faith! On another side, with this new ATH, many of us have a good argument for all our Bitcoin claims in the past! And we know that game is not over yet, there's so much more to accomplish and achieve! I believe that Bitcoin and the entire crypto ecosystem will bring some changes on a global level... it's already happening, here and there... but I can only guess that this will be nothing compared with what it's going to happen in the future!

[masterrex]

Bitcoin is trash? I don't think so, for me it's a technological innovation of our time, but in some points, Bitcoin also has shortcomings that need to be fixed or improve But it doesn't mean that it was considered a trashed. freedom has always accompanied by responsibilities that's why for now that the government impose some requirements in order to transact with banks we must follow it because it is the right thing to do. I also notice that you have some deep rooted problem other than Bitcoin so its better to focus on that.

[Shasha80]

I understand why you think Bitcoin is trash, because you have a hard time using Bitcoin. Even though of all the difficulties you have actually
because you don't really understand Bitcoin. Regarding you wanting to use Bitcoin without the involvement of the government and banks,
never cash out into fiat. All you need to do is spend Bitcoin directly, that way the government and banks do not need to know of all the Bitcoin
transactions you make. How can the Bitcoin community help you, if you are less active in this forum. Often active in this forum by providing
many positive contributions, I'm sure there are members of this forum who will help you when you experience difficulties.

[hulla]

Bitcoin is not trashing but we need to understand and don't be blind by the freedom of Bitcoin because there arent total freedom anyway in the world whichever way you look at it we're still governed by the government/banks. Besides, nothing guarantees that the major institutional investors are not the doing of powerful politicians.

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

How many people are aware of this fight? If no one from the Bitcoin community is helping to fight for Bitcoin, bitcoin who have to crumble during Chinese and SEC raised red flag before they implemented KYC/AML which causes the no freedom we're I said earlier.

[uneng]

Keep in mind bitcoin adoption takes a lot of time to happen. We won't see all kinds of services accepting crypto currency overnight.
To live without banks will be possible someday, but to think you could live in society without an ID is daydream and I think you are already going too far...

[Spaffin]

Each of us really understands how great the benefits of Bitcoin to the community are. In the near future, each of us will not have a speculative asset, but a safe haven for our savings. But for some reason, very often I come across all sorts of news that bitcoin mining is very harmful to the environment. The fact is that this issue was very quickly adopted by some governments of certain countries, justifying by this very situation their non-acceptance of cryptocurrency, and this idea is already fully supported by the Green Party. It's hard to imagine how strong the opposition of this group of people is and how much it can harm Bitcoin.

[taufik123]

Bitcoin is trash? I don't think so, for me it's a technological innovation of our time, but in some points, Bitcoin also has shortcomings that need to be fixed or improve But it doesn't mean that it was considered a trashed. freedom has always accompanied by responsibilities that's why for now that the government impose some requirements in order to transact with banks we must follow it because it is the right thing to do. I also notice that you have some deep rooted problem other than Bitcoin so its better to focus on that.

People who are unfamiliar with bitcoin will continue to say bitcoin is rubbish and has many weaknesses because of its very high voting.

I also agree with you that bitcoin is a technological innovation in this modern era, it is a revolutionary technology that will change the way you make payments.

Bitcoin is not regulated by anyone, including the government, but even so, it is a regulation regarding the use of bitcoin. This regulation will provide some restrictions on the use of bitcoin.

Bitcoin, blockchain and cryptocurrency are future digital technologies that must be developed.

[bobyhodob]

I think the advantages of bitcoin itself can be like sending money between countries but at a cost that is quite cheap and fast

[Matimtim]

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.

Yes, that's right, you can't earn money by not doing something hard, this is our responsibility as human being we need to work harder to earn money evwn bitcoin or fiat.

I have been working here since 2017 trying my best to earn bitcoin  and I prove in my self if you want to succeed you need to sacrifice, sacrifice your time, work harder, improve your self that what we need to fo to earn bitcoin.

[cabron]

I don't see it as a problem, you can spend your coins on merchants that accept BTC, there are already stores accepting BTC. The number of stores though is pretty much limited but I think we already saw this coming that the government will not give up without them getting back the control. Fiat is not going to go away, they also have CBDC which is coming. Still not trash when you know banks can't freeze your coins.

[Twentyonepaylots]

Dude, you have issues with your government, not bitcoin. ID and banking is partly and wholly controlled by the government irrespectively, and to blame the shortcomings it underlies to bitcoin as if it wasn't made to combat these is just sad. Also, you make it look like bitcoin did you dirty when it comes to earning. It is established from the start that bitcoin is not a get rich quick scheme, although that is what it does for the most part. To say that you will be rich with bitcoin is just funny.

[acener]

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.

Nope we could still turn our crypto into Fiat without ID or banks you just need to find a buyer who you could trust.
Most of the way to turn our crypto into cash really need some personal information or have to do some KYC but we could still convert it into cash.
And you've stated that no one from crypto help you maybe they just doesn't trust or know you too well.
I have some friends from crypto and we are helping each other when someone from our group needs help.

[bandungan]

the main factor in my opinion is government regulation. It all depends on the government's decision, if the government does a good thing and supports bitcoin, I think it will be a good journey and there are no obstacles or even someone doesn't need to fight for bitcoin. Bitcoin will run on its own with the support of many people

[Silberman]

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

And it is not only about the price of bitcoin going up, the forum is going to expose you to many ideas that you never through about and then you are going to have several eureka moments and you will begin to change your life slowly, you will realize that the fiat system may last for a long time but the idea behind is flawed and it will eventually fail, you understand why despite saving fiat it does not seem as if you are moving ahead, you understand how much people spend on stuff they do not really need or want, and once you make adjustments to the way you use your money suddenly you find yourself with more money than you ever had.