Bitcoin is more real than money in the Bank

[oHnK]

As in the opening post governments can take any kind of decision to stop people from using bitcoin. Governments always want to keep the people within control, and being digital lets government have easier access in keeping everything under control. But, for some reason governments weren't able to keep bitcoin same as gold or other assets.

However, the government will always act to be a regulator and who wants centralization.  After all, only governments really want the current centralized financial system, even though crypto is developing, it is still regulated and thwarted by old-minded governments. Not all countries will accept BTC even now they are still raising the issue of CBDC as a crypto coin competitor.

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[Silberman]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

The problem with this is that you can show all of this evidence to the people and they are simply going to shrug their shoulders and say that this happened long ago and that there is no chance that it is going to happen again, they seem to not realize that history moves in cycles and while the circumstances can be different the same events happen over and over again only to realize too late they were wrong, but at that point they can do nothing to protect themselves and their wealth from the maneuvers of the government.

[imstillthebest]

that is stealing if they will also not let you withdraw your gold .
 the only way we can make use of our gold is to withdraw it in the bank and trade it for goods . thats more better than storing it in a bank and entrust it with somone else . i dont think that can happen in bitcoin but more countries now are accepting btc than banning it .
 money and btc both are real but the only difference is the ownership .

[Republikcoin.com]

Governments also controlling crypto somehow but limited in their country only. Some companies or exchanges already put limitations, limitations advice by government like the KYC or letting bank knows that we have crypto accounts for cash out and etc. It goods to have limitations but it should not come to a point that bank restrict us especially if we do cash out.

And unfortunately the owners of crypto assets, most of them are smart people who certainly don't want to be controlled by banks anymore. This desire is always fulfilled with many alternative ways to avoid government interference in the ownership of cryptocurrency assets. It's like the Tom and Jerry series, where the shrewd cryptocurrency community can't always be stopped from being chased by a rogue government.

[maisao1991]

in my opinion BTC is a currency no one can control that's why some governments hate BTC because BTC created for you to have financial freedom not being controlled by them. and they are not managed to collect any taxes or profits from the regular currency transactions they manage.

[maju69]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

Simply put, Bitcoin is uncontrollable, whereas gold is easy to control. Bitcoin is not government friendly, while gold is under government protection, Bitcoin is stateless while gold is on state land. Bitcoin is anonymous whereas gold is not.

[germsite]

As in the opening post governments can take any kind of decision to stop people from using bitcoin. Governments always want to keep the people within control, and being digital lets government have easier access in keeping everything under control. But, for some reason governments weren't able to keep bitcoin same as gold or other assets.

However, the government will always act to be a regulator and who wants centralization.  After all, only governments really want the current centralized financial system, even though crypto is developing, it is still regulated and thwarted by old-minded governments. Not all countries will accept BTC even now they are still raising the issue of CBDC as a crypto coin competitor.

I wouldn't say it was only governments who wanted a centralized currency. In fact for as long as we didn't have reliable technology, having a banking system with centralized issuance of currency and regulatory oversight was the best we could get. We didn't have an alternative and for the time being it worked just fine in many countries. Now that we have the alternative a real discussion and learning process was set free and it shows that decentralized systems can have very strong advantages over centralized systems. As for the title of this thread, yes, the money in the bank doesn't exist while the Bitcoin you have to private key are indeed there. They can't magically disappear or be created out of thin air. 

[Shenzou]

What are we but another number for the government, and basically they can do anything to you wipe your bank account wipe your whole life, they are able to control everything, if you think about it and how the fiat came to be, it was first backed up by gold and than governments decided otherwise and they started valuing the currency as they please just because they are able to and they are in control, so in reality they are just selling us lies and forcing us to use their system that is corrupt, and that is why bitcoin is the solution and that is why they are against it.

[verita1]

The title had an authoritative message, I mean the delivery of the gold to the Federal Reserve Bank. I imagine the discontent of the time, there was no other choice if you wanted to keep a little of your gold you would have to devise some maneuvers. You are very right "Bitcoin is more real than money in the bank".

Today I felt sad when I went to a bank in my city, because I can see how people need to withdraw some money, especially older adults. It is an odyssey to withdraw some cash in Venezuela a daily average of $ 5.
Inflation is terrible. Sometimes I think that it is no longer worth issuing money because it only loses value in a year.
I hardly use paper money the bolivar only if it is strictly necessary.
The phenomenon of inflation has a solution and especially for impoverished nations and it is bitcoin.

[nurilham]

I am trying to understand what you mean. Real in your perspective looks like "controlling it". I don't know if it is a proper term or not, but as Bitcoin is decentralized, it cannot be controlled by anyone or any institution. What the US president did in 1971 may be caused by an urgent matter, so we can understand it. This has a pro and contra side. The government can easily control national finance with a centralized system. But this also gives an opportunity for manipulation by the government itself. While for a decentralized Bitcoin will be difficult to handle by the government in an urgent situation. But it is more transparent for society. Both have advantages and disadvantages.

[Boov]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

You can establish a financial freedom if you choose bitcoin over bank, because as per experience bank only took more interest from us instead of giving us bigger dividends. Some countries treat bitcoin as illegal, their government won't be able to regulate the citizens money and power over financial system will be lessen. Most leaders who hate btc, was having greediness that's why it's considered illegal.

[Rruchi man]

The entire idea behind crypto currency and bitcoin is really frustrating to the government and banks. Formerly everyone keeps their money in the bank, a general idea of the banking system is that these banks just circulate money around and make profits From People's money.

How do the banks do this?
It is no secret that some of these banks are the big players in Forex trading world. They take your money and use it in trading, if you need your money (Withdrawal), they give you some one or people's own that was just deposited. It all works out for them because it is very difficult for everyone to need all their money one time, so these banks keep making profit.

The entire bitcoin and cryptocurrency system has taken a big blow at the banks and government as the money you see that you have in your crypto wallet is more real than the one you kept in the bank, because you can see the exact figure and while your money is safe, you are still in complete control. So yes, bitcoin is more real than money in the bank.

[rodskee]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

Actually Bitcoin is already Illegal in some countries already mate meaning they are threatened because of Financial power of the people than Gold and Fiat.

in my opinion BTC is a currency no one can control that's why some governments hate BTC because BTC created for you to have financial freedom not being controlled by them. and they are not managed to collect any taxes or profits from the regular currency transactions they manage.

Most people don't realize this and therefore, they think banks are more safe than crypto currencies. What they don't realize is how the inflation is making their purchasing power less with every passing day. If you hold bitcoin, you will become rich overtime.

Lets give them the benefit of the doubt mate as many of them does not understand what is bitcoin and what can help give this to them.

Actually it is the government is hindering this from happening because they don't want people to believe and trust this because of same reason as OP mentioned.

[Woodie]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing?

Stealing might be an understatement, if the people were forced to take their most priced possessions to the bank and blocked from getting fiat,this is actually day light robbery!

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

https://www.federalreservehistory.org/essays/gold-convertibility-ends

Bitcoin is financial freedom, what you see is literally what you get, unlike fiat which could be just numbers reflecting on your account but should you want to use your money the bank can bar you from using your own money which makes crypto the best option by miles.

[yazher]

This was a stealing indeed. It's illegal to buy and mine Bitcoin in some countries already and i think that's the main reason why. And cases like El Salvador's really gives me hope.

Just because they can manipulate the flow of the market they wanted to exterminate it by all means. That's why from time to time we see some of the countries that have some greediest governments have banned bitcoin without a second thought. If they are really sincere they could have just warned their people about the pros and cons of the investment than totally banning it without giving their people a chance to get some actual experience on investing in cryptocurrencies. Obviously, this is because they cannot control it and thankfully we have some other countries although small, but distinguished from those who have some negative perspective about bitcoins.

[randegibran]

I don't dare to guarantee that crypto is more real money than paper money, but if.many people want to.adopt bitcoin as a legal currency, it.can be.equated with paper money or more real than paper money by.involving government intervention.in this, for now.there are still many things.that have not been.adopted by several countries.especially in.the process.of accepting.bitcoin, but if.this happens.then we can.make sure that crypto is more real than paper money

[Pokapoka124]

Yes this is what the state and central banks are afraid of, bitcoin can't be controlled so that the central bank and government ban bitcoin, but I'm sure the bitcoin community that has tens of millions around the world certainly has the power to make the government ban is useless.

I think they are looking for new ways to ban bitcoin and restrict people from using bitcoin. KYC is their biggest weapon, I believe once kyc is effective on all crypto platforms the next stage would be imposing taxes on bitcoin.

[Dewi89]

The digital footprint will keep it in history how the government wants to control gold or anything valuable from society, I have publishers who complain because of high tax cuts but they will not be able to apply taxes on crypto. Bitcoin is a bank in its own right and there is no chance for governments to make crypto equal to gold.

[aysg76]

That is the case that every financial asset has supervision of government and they can control it in some manner like it happened in past when they ask people to deposit all the gold bonds and coins with banks and people don't have a choice rather than submitting it to them and they could simply say it's for their well being and economy growth.But Bitcoin provides you freedom from all this and your funds lies with you not any third party have control over it which is why government fears it usage openly.The Bitcoin supply curve is going down and usage and prices corelate with each other and going upwards and scarcity of 21 million boost the prices along with adoption.It is an escape strategy from all these central restrictions of financial freedom.

[GoingIntoAction]

This question could be really deepened. For example, who do I trust to save my money's worth? at the moment fiat, although only for the short term. Who do I trust to make transactions and save my money? clearly bitcoin. And since it is really so, that in some aspects cryptocurrencies are objectively superior to fiat money, central banks are taking out their CBDC, a digital substitute for cash, which is what cryptocurrencies get.