Why financial exclusion is the true power of Bitcoin

[Muenalo]

It is true that the digital currency Bitcoin offers financial sovereignty and virtually makes it possible for anybody in the world to have access to money within minutes at zero charges.

It is also true to the fact that government and centre banks don't care about Bitcoin and if to be possible would have looked for a way to regulate it, but thanks to its exclusive nature.

The true power of Bitcoin is not to push everybody into its wallet, but to prevent us from those bad actors who alter our savings (funds) all in the name of Bank charges and government taxation without first seeking for our permission.

I remember back in 2019 when I never knew about Bitcoin. It always makes me feel very angry seeing my deposited #10,000 (Nigerian naira) reduce to #9950, all in the name of Bank charges, maintenance fees, etc, but ever since my introduction to Bitcoin by a friend, I have always been smiling to my wallet every month.

I have always needed total control over my money, and that's why when I was introduced to Bitcoin, I quickly jumped into it, because of the feeling it brings of having ownership over your money for the very first time.

I want the power to exclude the banks that delay my transactions and charges me exorbitantly. I want the power to exclude exchange that asks my sensitive personal information just to process transactions and  I want the power to be able to control how I spend my money without dealing with an intermediate authority like the bank and government. And that's the power Bitcoin gives.

However, I know for sure that banks and government are now than ever before fighting to destroy the freedom that Bitcoin brings, but it shall not happen now nor never.


Bitcoin must prevail...
Bitcoin must prevail...
Bitcoin must prevail...


So join me my dear fellow bitcointalk members as we collectively say.. Btc must prevail.


Thank you so much for reading my first article on the forum.


Bitcoin must surely prevail...

[20kevin20]

Bitcoin isn't charge-free. You do pay fees for transactions, and lately they've even been quite expensive to say the least. It does give you a freedom no other institution or currency does tho.

[Muenalo]

Yes.. that's true Sir. Thanks so much for your insight.  You are indeed a true Bitcoin legend. I am looking up to being like you someday.
Thanks Sir once more..

[AakZaki]

Bitcoin is a technology that was created as a means of digital payment. As long as consensus and trust remains I don't think anyone can break it. With a determined total supply Bitcoin has the advantage of being inflation resistant unlike fiat currencies in many countries.

[Insanerman]

It is true that the digital currency Bitcoin offers financial sovereignty and virtually makes it possible for anybody in the world to have access to money within minutes at zero charges.

This isn't Bitcoin. What cryptocurrency do offers zero charges in its transactions?? I'm afraid there's none (unless it's from a centralized wallet to wallet). And I strongly disagree that Bitcoin offers the world to access money within minutes. Have you ever known that there is a chance your transaction would take weeks before being confirmed and sent/received? Try using 1sat/vbyte. I don't know if in this times you could receive it in minutes lol.

Good choices of words and construction of the article, but still there are misleading information and claims that can be vital for newbies that they might misinterpret.

[Newlifebtc]

It is true that the digital currency Bitcoin offers financial sovereignty and virtually makes it possible for anybody in the world to have access to money within minutes at zero charges.

It is also true to the fact that government and centre banks don't care about Bitcoin and if to be possible would have looked for a way to regulate it, but thanks to its exclusive nature.

The true power of Bitcoin is not to push everybody into its wallet, but to prevent us from those bad actors who alter our savings (funds) all in the name of Bank charges and government taxation without first seeking for our permission.

I remember back in 2019 when I never knew about Bitcoin. It always makes me feel very angry seeing my deposited #10,000 (Nigerian naira) reduce to #9950, all in the name of Bank charges, maintenance fees, etc, but ever since my introduction to Bitcoin by a friend, I have always been smiling to my wallet every month.

I have always needed total control over my money, and that's why when I was introduced to Bitcoin, I quickly jumped into it, because of the feeling it brings of having ownership over your money for the very first time.

I want the power to exclude the banks that delay my transactions and charges me exorbitantly. I want the power to exclude exchange that asks my sensitive personal information just to process transactions and  I want the power to be able to control how I spend my money without dealing with an intermediate authority like the bank and government. And that's the power Bitcoin gives.

However, I know for sure that banks and government are now than ever before fighting to destroy the freedom that Bitcoin brings, but it shall not happen now nor never.


Bitcoin must prevail...
Bitcoin must prevail...
Bitcoin must prevail...


So join me my dear fellow bitcointalk members as we collectively say.. Btc must prevail.


Thank you so much for reading my first article on the forum.


Bitcoin must surely prevail...

Bitcoin is all this and lots more and has come to stay for good ,any one or group of persons that is fighting against it is waisting time because such persons will come to terms in accepting it

[Smartvirus]

Bitcoin is freedom. This is the benefit it was created to have over the regular fiat. To be able to operate on its own and keep its regulations in the hands of those that truly belive and appreciate it for what it is and stands for. Being on a decentralized network is what makes all this possible and explains why most crypto if not all crypto users would prefer a decentralized system to a centranetwork of systems.

Bitcoin or cryptocurrencies on the other hand has some up and down times in the bull and bear markets respectively.  Whee the value though your coin might stay stable, it value might not and to those that don't understand, you might feel cheated or get confused on what happened but, thats just the price action. So, there could actually be changes in value other than coin balance or quantity.