Bitcoin as a means to restore people's authority over money

[Mr.Scott]

Bitcoin is proven to be a vital ally for Ukraine in the face of Russian aggression. The financial system is shut down, yet Bitcoin keeps working, allowing Ukrainians to live and progress.

true, literally no one can shutdown bitcoin since there's no government involved in it unlike traditional banks, and surely if they will choose bitcoin they can fell so relaxed as well because it can be frozen anymore.

As the matter of fact most of the donations in Ukraine nowadays are through crypto currency. So i wouldn't be surprised if Ukrainians realized how reliable crypto when it comes such situation and what are the advantages of it compare to traditional banks.

To be fair, Bitcoin is helping Ukraine too. I'm not remaining super up to date at the moment. I'd love too see govts actually doing what is in the greatest advantage of its people. The recent hype and it's contribution demonstrated how a country reliable on crypto.

However, Bitcoin and crypto things necessities to quit holding tight the US, SEC and states every words. However, US realm actually has an excessive amount of worldwide impact, yet not altogether impact it.

[Lorence.xD]

Not a possibility for now, we're still using fiat for our daily spending for our necessities and the masses aren't that smart to be able to make sure that they become united so I don't think that it's possible for now to do this, and even if the former is possible, the greatest hurdle that we're facing is the people that have varying opinions to be united.

[CaVO32]

Not a possibility for now, we're still using fiat for our daily spending for our necessities and the masses aren't that smart to be able to make sure that they become united so I don't think that it's possible for now to do this, and even if the former is possible, the greatest hurdle that we're facing is the people that have varying opinions to be united.

The large population are still relying on the traditional banking system for so many reasons. And even the crypto users here in the forum are also one way or another, relying from the services of their local banks. I believe, just be grateful that we have another option to store our assets. Not only to our local fiat, or tangible assets, and now, we have digital assets in the form of cryptocurrencies. Remember, it took more than a decade of existence of bitcoin before other people are convinced that this new market is worth to look at. We are not in a hurry but if you are already in this market, just take advantage of this opportunity.

[Fundamentals Of]

Not just authority over money but more importantly trust over money. The fiat currency is full of trust abuse. But what choice do the people have? Nothing because the fiat currency is the currency that is enforced upon them by the government. The people can do nothing but trust the system. The result is that their trust is being breached all the time. Thus Satoshi created a currency that is trustless. Bitcoin was born because of this.

[yazher]

It is a digital currency which made life easily to people and government can not stop the use of bitcoin,even when the financial institutions is been shurt down bitcoin it till work,so bitcoin store people authority base what u invest on.

That's the reason why Satoshi Nakamoto wants us to have it, not just an option but he really wants to make it our permanent money which no one can control it and it won't be affected by sanctions from other countries but instead, it will increase its price. Just like how China banned all the miners in their country and the other countries adopted them and let them freely mined bitcoins in their countries. Looks like right now we are still in progress where we are heading towards that goal where everyone is using bitcoins to securely keep their money and they have all the authority to keep it until whenever they like.

[Kakmakr]

Well, go and ask the 1000s of people who had successful businesses on Backpage.com or all the people who made use of Pornhub.com and find out how Bitcoin restored their lives, after credit card companies "blocked" payments on these services.

The Ukranian people's lives are in chaos now, but some of them have the reassurance that their wealth is safe, if they converted their Fiat to Bitcoin. (The Banking system might not function, but the payments are still being done via Bitcoin) 

[davis196]

I think that you are writing a bunch of speculations here.
Thinking that the majority of the Russians will buy Bitcoin to protect their wealth is just a speculation.
Bitcoin isn't guaranteed to provide protection against inflation and Bitcoin isn't a safe heaven asset.
I don't know what exactly do you mean by "restoring people's authority over money"?
For centuries,the money supply was a monopoly of the state.The people had nothing to do with this.
I think that the people never had any authority over the money supply.The governments and the elites had power to control the money supply.Perhaps Bitcoin will change this,but do you think that the ordinary BTC user has any power and authority over Bitcoin?Only the big miners and crypto whales have true power over Bitcoin.

[uneng]

It would be good if what you said regards bitcoin adoption was really happening in large scale. Unfortunatelly I think it's only few people from both sides who are making use of bitcoin, otherwise btc's price would be rising right now, while what we see in fact is a drop to 37,000$'s range.

Anyway, it' understandable, because during a war, the last thing people will worry about is money.

[Viscore]

As more individuals become aware of this truth, the acceptance of Bitcoin will accelerate in the next months and years. Bitcoin's future is bright.

What are your thoughts?

Its  true. Bitcoin is definitely the future of finance. Its been a decade and bitcoin has been generally profitable to numerous investors around the world. Even at the point when the bitcoin price went incredibly low, still got to make benefit through bitcoin trading. It really helps a lot, especially to those people who are in crisis.

[Zilon]

In 2022 Bitcoin has seen lots of massive adoption and the Ukraine invasion is just one of the numerous breakthroughs bitcoin has had in past decades folllowing the bitcoin donations from exchanges. Bitcoin has left the shackles of been refrained to just a store of value to it's original purpose of creation been for transaction on a peer to peer network. At the moment we still suffer a price fluctuaution but hopes are we might have a more stable bull run in future

[bitterguy28]

Not just authority over money but more importantly trust over money. The fiat currency is full of trust abuse.

I totally agreed on this , Fiat nowadays(Specially to us who knows how crypto moves on) is being abused by the government and the Banking system.

But what choice do the people have? Nothing because the fiat currency is the currency that is enforced upon them by the government.

Nope that is wrong, people has choice and that is Bitcoin and crypto currencies mate.

The people can do nothing but trust the system. The result is that their trust is being breached all the time. Thus Satoshi created a currency that is trustless. Bitcoin was born because of this.

People now are more knowledgeable , we tend to understand what is the world tells us and thanks for the internet, because this teach us more and many.

In 2022 Bitcoin has seen lots of massive adoption and the Ukraine invasion is just one of the numerous breakthroughs bitcoin has had in past decades folllowing the bitcoin donations from exchanges. Bitcoin has left the shackles of been refrained to just a store of value to it's original purpose of creation been for transaction on a peer to peer network. At the moment we still suffer a price fluctuaution but hopes are we might have a more stable bull run in future

maybe you are talking about 2021 mate instead of 2022? because massive adoption happens that year and not this year.