Bitcoin is more real than money in the Bank

[MaxHeat]

https://i.ibb.co/3sk48Kr/1b4dd636c69a483c885fa6589ac3757d-1626744359919.jpg

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 bank system in general has almost always been crooked in some way or form and not only in the united states but worldwide. Through history there has been so many examples.

So i actually agree with your headline because most banks dont have any real money - they have "I owe you notes"and deals based on "trust"

[tiCeR]

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

This is exactly where the paradigm shift used to take place. Actually, only tangible, i.e. physical, values were part of the economic cycle. At some point, people came up with the idea of creating paper or certificates for them in order to simplify trading.  Btc definitely has this potential. At least in my opinion. There is much to be said for it

[Rahman11]

This makes the currency decentralized giving ownership to the user. These can be purchased through an online exchange or a Bitcoin ATM. Landmark feature of a bitcoin is that it can curb the chances of fraud and identity thefts, and hence is considered a safe mode of holding money.

[Sayeds56]

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.

So far, I think many countries have not legalized and even banned bitcoin because bitcoin does not yet have the capacity and quality needed to be recognized as a currency. But after reading this I started to realize, bitcoin is able to create economic independence for individuals/societies which bureaucratic makers are so afraid of that's why many ways are used to stem the popularity of bitcoin and other cryptocurrencies.
At the same time, it makes me regret why I didn't really learn and understand bitcoin long ago.

Absolutely right. In deed it more real than any form of current including Fiat, it gives feeling of ownership. I also feel regret like you that why i failed to evalaute the real value/worth of Bitcoin in the early days of Bitcoin. I think the days are not far when all countries will regularize it including third world where governments want to control masses by keeping money supply control in their hands.

[im posible]

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.

So far, I think many countries have not legalized and even banned bitcoin because bitcoin does not yet have the capacity and quality needed to be recognized as a currency. But after reading this I started to realize, bitcoin is able to create economic independence for individuals/societies which bureaucratic makers are so afraid of that's why many ways are used to stem the popularity of bitcoin and other cryptocurrencies.
At the same time, it makes me regret why I didn't really learn and understand bitcoin long ago.

Still this is a very complex game theory problem even for governments. One government banning Bitcoin might create unprecedented opportunities for other countries. China banning Bitcoin makes sense if you consider their way of governing the people and their whole economic and social system. But will Bitcoin ever be banned by the majority of countries all around the globe? And even if that was the case, cryptocurrency related businesses (mining operations, exchanges etc) will find their place elsewhere. I don't see any chance for cryptocurrencies being banned all around the world. Even think about the administrative effort it would cost a government to really shut down all economic activity involving cryptocurrencies. Besides that, I think we can be pretty certain that there is a good number of countries already that signaled quite obvious there won't be a ban on cryptocurrencies. They might come up with new regulations, but an outright ban can also be very risky in the long run.

Yes, that's right, currently most countries choose to be gray/indecisive in dealing with the popularity of bitcoin. Some countries only provide propaganda through their mass media to prevent people from knowing bitcoin from the positive side without actually daring to provide clear regulations regarding the use and circulation of bitcoin. That's right, the government may also think that one day bitcoin will be needed because it can't be denied that bitcoin is a technological development as it is today. In the past, people bought goods by bartering and then developing using physical money.

[kotajikikox]

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.

So far, I think many countries have not legalized and even banned bitcoin because bitcoin does not yet have the capacity and quality needed to be recognized as a currency. But after reading this I started to realize, bitcoin is able to create economic independence for individuals/societies which bureaucratic makers are so afraid of that's why many ways are used to stem the popularity of bitcoin and other cryptocurrencies.
At the same time, it makes me regret why I didn't really learn and understand bitcoin long ago.

Absolutely right. In deed it more real than any form of current including Fiat, it gives feeling of ownership. I also feel regret like you that why i failed to evalaute the real value/worth of Bitcoin in the early days of Bitcoin. I think the days are not far when all countries will regularize it including third world where governments want to control masses by keeping money supply control in their hands.

Yes, years ago I didn't really care because I thought bitcoin was just a temporary popularity and would sink because of a lot of negative propaganda about bitcoin. But I was wrong, from year to year the popularity of bitcoin is increasing and it makes me feel proud to know it earlier among my friends

In which most of us does, many of people here once thought that Bitcoin is Just another scam from the internet (including me and my Brother) but now we are one of the most loyal Bitcoin supporters for years.
and correct thosem propaganda in the past really made us don't believe in Bitcoin easily instead they took couple of years from us to invest and make a great income in here.
now? no one can take my Bitcoin away from me , i will keep my coins until perfect time comes because like every senior says, I only Invested the funds i can risk and willing to lose.

[Wawa2013]

~

So far, I think many countries have not legalized and even banned bitcoin because bitcoin does not yet have the capacity and quality needed to be recognized as a currency. But after reading this I started to realize, bitcoin is able to create economic independence for individuals/societies which bureaucratic makers are so afraid of that's why many ways are used to stem the popularity of bitcoin and other cryptocurrencies.
At the same time, it makes me regret why I didn't really learn and understand bitcoin long ago.

Absolutely right. In deed it more real than any form of current including Fiat, it gives feeling of ownership. I also feel regret like you that why i failed to evalaute the real value/worth of Bitcoin in the early days of Bitcoin. I think the days are not far when all countries will regularize it including third world where governments want to control masses by keeping money supply control in their hands.

Yes, years ago I didn't really care because I thought bitcoin was just a temporary popularity and would sink because of a lot of negative propaganda about bitcoin. But I was wrong, from year to year the popularity of bitcoin is increasing and it makes me feel proud to know it earlier among my friends

In which most of us does, many of people here once thought that Bitcoin is Just another scam from the internet (including me and my Brother) but now we are one of the most loyal Bitcoin supporters for years.
and correct thosem propaganda in the past really made us don't believe in Bitcoin easily instead they took couple of years from us to invest and make a great income in here.
now? no one can take my Bitcoin away from me , i will keep my coins until perfect time comes because like every senior says, I only Invested the funds i can risk and willing to lose.

When Bitcoin first appeared with blockchain technology, which at that time was still very new and difficult to understand. Making many people
think Bitcoin is a method of fraud, I thought so too and I really regret not trusting Bitcoin in the first place. But finally I can profit from Bitcoin,
I think it's better to invest in Bitcoin late than never. Moreover, Bitcoin has also proven that it can provide big profits if we can be patient holding
Bitcoin. So don't hesitate to buy Bitcoin, because buying Bitcoin at any price can actually still get a profit if we see the price of Bitcoin continues to rise.

[BOAEDAN]

many people think bitcoin is more real than fiat currency, bitcoin is not only a currency but can also be used as an asset, but the problem is why the government always challenges bitcoin, even though we know the government also receives taxes from bitcoin, every time we make transactions..

[Jasad]

it has been proven that bitcoin is more real than banks, because bitcoin cannot be controlled by any party, even the government will never be able to control bitcoin, maybe from that reason many people think that bitcoin is more real than banks, we all know banks are controlled by the government, even scammers find it easier to steal money from banks, in contrast to bitcoin, it is very difficult for scammers to steal our bitcoins..

[SmokerFace]

I agree with what you have said regarding stealing. As for being real, I can say that it's not really as well, but more popular and valuable. Also the factor of universal acceptance. No need to exchange from one currency to another because of unacceptance in other countries like fiat. Yes, bitcoin gives us more power.

[Shagnasty]

indeed this comparison is not a suitable answer to give a statement that bitcoin is more real, because this is only crypto but in terms of security it is very appropriate to admit that crypto has a very relatively high level of security compared to bank storage, because of this more stringent in terms of security, if the bank is very easy to break by evil people who intend to harm the user

[Nuraiuii]

The decentralized nature of Bitcoin will not be supervised or manipulated by any third party, and is completely freely controlled by users.
Bank money is controlled by the government, and transactions are subject to some restrictions.

[Henrobakkara]

many people think bitcoin is more real than fiat currency, bitcoin is not only a currency but can also be used as an asset, but the problem is why the government always challenges bitcoin, even though we know the government also receives taxes from bitcoin, every time we make transactions..

But that only applies to counr=tries where their Government has chosen not to ban Bitcoin. Many people will see Bitcoin as more of an investment/asset than money because as some have said that Bitcoin is been used in many stores, I don't think this is the case for now even though it is accepted by some.

[kingangel]

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

Bitcoin is present by new modern technology and it is digital currency. In previous time people store there gold and money in bank and bank use it for its own benifit by schemes and loan. Bitcoin is totally different it is digital currency It is banned in some county for not illegal but for that people have power of own money. Bitcoin is digital bank and it is precious as gold in crypto world.

[LUCKMCFLY]

For me, Fiat money and BTC represent money, and I do not see any reason to conform them and say which is better and which is not, like gold are different representations of money, which, for me, all are welcome. Money in the bank cannot give better benefits than BTC, BTC gives long-term profits, while long-term money in a bank does not give profits even 24% per year, on the other hand, BTC profits can be higher than 100% same if the movement occurs.

[Ziskinberg]

For me, Fiat money and BTC represent money, and I do not see any reason to conform them and say which is better and which is not, like gold are different representations of money, which, for me, all are welcome. Money in the bank cannot give better benefits than BTC, BTC gives long-term profits, while long-term money in a bank does not give profits even 24% per year, on the other hand, BTC profits can be higher than 100% same if the movement occurs.

There's no need to compare as they serve on a different purpose, both have their strenght and weakness depending on how people sees it. As we all know, bitcoin is a volatile asset, it's not good for payment system if we are not educated on how to manage the risk, while the Fiat althoughnot volatile, but saving it for long term would also give us a risk of getting a lower value of your money due to high inflation.

[barabarian1]

that is stealing. when the first i know about it, like people dont have any real wealth. because if world experiencing a shock and no paper money, they will use power to take everything.

for me, in the end, use btc to buy gold is good than just change to fiat. no problem as long as that is useful for life, but i need something more than it. and as time goes by, people will lead to technology without forgetting old stuff

[kucritt]

actually, why government dont like bitcoin because it can't traceable, and they will monitoring us about money circulation. and every country that reject and denied bitcoin will regret in the future because i think bitcoin will be the new currency in the future

[MIner1448]

I agree with you, it was brazen theft, especially in those days, when the people were more trusting and there are a lot of such examples in different countries. Bitcoin is the future, this asset is more valuable than a deposit in a bank, even if you invest small amounts.

[Abiky]

For me, Fiat money and BTC represent money, and I do not see any reason to conform them and say which is better and which is not, like gold are different representations of money, which, for me, all are welcome. Money in the bank cannot give better benefits than BTC, BTC gives long-term profits, while long-term money in a bank does not give profits even 24% per year, on the other hand, BTC profits can be higher than 100% same if the movement occurs.

Each currency serves a unique purpose in life. We cannot say one will beat the other, since they're two completely different things. While Bitcoin cannot be controlled or manipulated by anyone, it lacks behind Fiat in terms of mainstream adoption. Banks are still in play simply because governments patronize them every step of the way. In the future, CBDCs will replace paper money, greatly solidifying banks' position in the mainstream economy. Bitcoin and other cryptocurrencies will remain as alternatives for those seeking an "exit route" from the banking system.

I'd agree with the OP about Bitcoin being more real than money in the bank. It cannot be debased or created out of thin air, unlike Fiat. Governments have the power to print more money in order to manipulate the economy to their own will. Most people don't understand this, as they're only looking into Bitcoin as an investment (not a currency). At least, we have a life-changing decentralized cryptocurrency. As long as decentralization prevails, nothing else matters. Just my thoughts