Economic foundation of Bitcoin from the perspective of Denationalization of Mone

[mckinleeanael07]

yes i appreciate your article BTC was born to give all of us financial freedom that is not controlled by any third party , but this is just talking to some tech savvy people as we are exposed to modern technology and use BTC , but some old people as well as children and some underdeveloped countries can't access the technology, they still use fiat money and CBDC.

[Xinarae*]

Bitcoin is decentralized and in addition to financial management countries around the world are managing bitcoin to protect the interests of their companies its advantage is more to be decentralized it has no government or institution. The world's largest population is circulating these currencies through a kind of highly secure network no one is a policy maker everyone is equal just a node in the network this coin will go from buyer to seller directly without any intermediary in a safe and secure way. There is no central form of this monetary system there has been complete decentralization.

[Kavidissa11]

The goal of currency denationalization is to free the economy from government control. Many governments, however, now restrict the usage or possession of Bitcoin due to their inability to manage it. Bitcoin will never be able to replace fiat currency, regardless of its volatility or decentralization. The government is unable to accept coins that are not under its control as legal currency.

[RainbowKun]

yes i appreciate your article BTC was born to give all of us financial freedom that is not controlled by any third party , but this is just talking to some tech savvy people as we are exposed to modern technology and use BTC , but some old people as well as children and some underdeveloped countries can't access the technology, they still use fiat money and CBDC.

We can say that Bitcoin is the direction of the evolution of the human currency system. More and more groups will begin to accept Bitcoin's consensus. Nowadays, there are many old people, it is difficult to accept the concept of Bitcoin, but now more and more young people are quickly embracing Bitcoin. They do not have too much cognitive burden on the existing system. Young people can accept new things very well and quickly, and hope to change their destiny through new things.

[Kakmakr]

I think people should never underestimate the power of governments and why Fiat currencies are so important to them. Satoshi Nakamoto (Bitcoin) only succeeded with the Denationalization of Money, because Satoshi Nakamoto stayed anonymous and the technology was decentralized.

If the government knew who Satoshi Nakamoto was... they would have prosecuted Satoshi with the full force of the law and they would have had some way to make an example of people that wants to create their own "Private" currencies. ( Example : Bernard von NotHaus   and the Liberty Dollar ==> https://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html )

https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency) - They (government) labelled Bernard von NotHaus as a Economic Terrorist and the Justice Department press release was quoted as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."  

[barbara44]

I think people should never underestimate the power of governments and why Fiat currencies are so important to them. Satoshi Nakamoto (Bitcoin) only succeeded with the Denationalization of Money, because Satoshi Nakamoto stayed anonymous and the technology was decentralized.

If the government knew who Satoshi Nakamoto was... they would have prosecuted Satoshi with the full force of the law and they would have had some way to make an example of people that wants to create their own "Private" currencies. ( Example : Bernard von NotHaus   and the Liberty Dollar ==> https://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html )

https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency) - They (government) labelled Bernard von NotHaus as a Economic Terrorist and the Justice Department press release was quoted as saying: "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."  

That is literally the only reason why he is not coming out as well, or maybe he can't anymore because he might be dead but that's not the point. Dude knew that if he came out then there would be a huge problem, wherever he is from, wherever he is living, wherever he wants to go to all of that would be in search for him and putting him in jail and trying to make a point with it as well, they would throw the whole book at him just to make a statement.

In short, if we are talking about something that is giving people freedom over their governments, even if it is not illegal then governments will try to do their best to stop it and move with their own path, anything that changes the path of the government will be seen as bad. Look at what's going on all around the world, when people start to give power and money to whole groups to give them more freedom, those creators will always be seen as bad by many people.