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Author Topic: Bitcoin a Partway to Becoming Self-Reliance.  (Read 401 times)
Wiwo (OP)
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April 26, 2022, 05:58:14 PM
 #1

When you talk about the freedom you should always point to the view of many scholars who have defined the subject (freedom) it's a compound world at the same time a simple word, which simply means the right to do what you want to and when you want. And one of the ways the government has held its citizen bound is in the financial freedom which is the most important type of freedom because it translates into economic freedom.
Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom
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April 26, 2022, 06:58:31 PM
 #2

Freedom does not only revolves around owning btc only, you can also own fiat and have financial freedom, the only difference here is with btc you can remain anonymous to some extent and be able to invade tax unlike with fiat that keeps records of all your data.

But a lot of wealthy people don't see this as a problem, take Elon Musk for instance, he has the money to do as he desire even with all his information out there for everyone to see, he just sealed a deal worth $44 billion to buy twitter, no government can stop him from doing whatever he wants with his money as long as he is not breaking any law. Many other wealthy people have the same freedom, so I don't see what is so different in this freedom and the one btc will provide to be honest.

I may not be wealthy but I can do several things without government even flinching towards my direction, to me, I feel as long as you have a clean slate it doesn't matter what kind of freedom, through btc or fiat, you will have it as long as you are not against the law.

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April 26, 2022, 07:27:43 PM
 #3

It all sounds cool in theory, but on practice it doesn't matter. Regular people are not severely oppressed by banks and governments. Most people live their lives without ever having their assets frozen. Ability to send money to literally anyone in the world sounds nice, but most people are just making regular purchases from legal businesses, or sending money to people they know, so they have no problems with traditional payments. When people will start needing the benefits of financial freedom in their daily lives, that's when Bitcoin will start seeing more adoption.

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April 26, 2022, 07:35:23 PM
 #4

It's a free world we live in but no single human being is totally free. The freedom of a person is definitive or comes with a limit. Hence, how can one be said to be truly free when there are limits to his or her expression of will power? Yeah, freedom is the will power but when it comes to its expressions, there are lines not crossed.

* Where the freedom of one person ends, its where the freedom of some other person starts.
* Freedom is given, given by the government which is guided by a constitution and explained by a court.

Bitcoin and decentralized systems represents freedom but only to some extent. It might have covered the financial aspect of a person so well as per the secrecy of his or her transactions or investments but there are other acts of free will that it doesn't influence. Mind you, bitcoin operates in centralised systems like the exchanges and more importantly, one needs to swap BTC for fiat to establish a used case. Decentralisation isn't total freedom and there can be no total freedom in the world.

R


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April 26, 2022, 07:41:17 PM
 #5

When you say about freedom you say it looks good but the reality is not that simple even though bitcoin is now offering freedom there but do you still not see that there are lots of regulations that indirectly restrain this freedom.
especially in social life fiat is still taking over and of course many still think that fiat is absolute financial that leads to freedom when you own it even though there are some rules there too.

Bitcoin does have freedom but in this case when we live with government regulation of course that freedom is just a word without any real thing in that freedom

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April 27, 2022, 03:54:54 AM
 #6

When you say about freedom you say it looks good but the reality is not that simple even though bitcoin is now offering freedom there but do you still not see that there are lots of regulations that indirectly restrain this freedom.
especially in social life fiat is still taking over and of course many still think that fiat is absolute financial that leads to freedom when you own it even though there are some rules there too.

Bitcoin does have freedom but in this case when we live with government regulation of course that freedom is just a word without any real thing in that freedom

Rules are part of living, it is the reason why the whole world is good enough for us all to live in, the moment rules are withdrawn or broken, there will be chaos.
It is because of the rules and guidelines implemented in this forum it is a better place to be, imagine there are no such rules what this place would be.

Government rules and regulations enable you to enjoy peace in your country, you should be glad they are implemented. Take countries where there are high level of insecurity, I doubt you would be willing to live in such place despite the amount of btc you will be offered, your life will be at risk. Government rules and regulations are implemented in this countries but there are no strictness to make the citizens adhere to them resulting to high level of insecurity.

Freedom has certain limits attached to it, if you are seeking for complete freedom could be at a disadvantage to you as well.

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April 27, 2022, 08:40:15 AM
 #7

When you say about freedom you say it looks good but the reality is not that simple even though bitcoin is now offering freedom there but do you still not see that there are lots of regulations that indirectly restrain this freedom.
especially in social life fiat is still taking over and of course many still think that fiat is absolute financial that leads to freedom when you own it even though there are some rules there too.

Bitcoin does have freedom but in this case when we live with government regulation of course that freedom is just a word without any real thing in that freedom

Rules are part of living, it is the reason why the whole world is good enough for us all to live in, the moment rules are withdrawn or broken, there will be chaos.
It is because of the rules and guidelines implemented in this forum it is a better place to be, imagine there are no such rules what this place would be.

Government rules and regulations enable you to enjoy peace in your country, you should be glad they are implemented. Take countries where there are high level of insecurity, I doubt you would be willing to live in such place despite the amount of btc you will be offered, your life will be at risk. Government rules and regulations are implemented in this countries but there are no strictness to make the citizens adhere to them resulting to high level of insecurity.

Freedom has certain limits attached to it, if you are seeking for complete freedom could be at a disadvantage to you as well.
Well, in this case, of course, we are aware that even though there is freedom there, there are still limitations, and these things are limited by the existing and applied rules.
indirectly even though bitcoin is something that is free but free does not mean without limitations, not only that there are limitations there. Is freedom with limitations still called freedom?
we know rules have made life better but if you say those rules to bitcoin is it really still something the OP meant freedom?

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Wiwo (OP)
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April 27, 2022, 01:38:00 PM
 #8

When you say about freedom you say it looks good but the reality is not that simple even though bitcoin is now offering freedom there but do you still not see that there are lots of regulations that indirectly restrain this freedom.
especially in social life fiat is still taking over and of course many still think that fiat is absolute financial that leads to freedom when you own it even though there are some rules there too.

Bitcoin does have freedom but in this case when we live with government regulation of course that freedom is just a word without any real thing in that freedom
Regulation is an essential part of life and nothing can exist in its right nature without rules, also note this freedom always comes with a.price tag and that regulation are the price you pay for that so nothing exists in a vacuum. I don't think much about government regulation since that is the only way Bitcoin can interact with other commodities but then again you must know we're those rules applicable not on Bitcoin directly but those rules are enforced on Bitcoin services such as exchanges. But if we only use Bitcoin for p2p payment those rules may not be effective.
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April 27, 2022, 03:16:26 PM
 #9

You can still have access to financial freedom in a centralized world just that your source of income has to be declared so you can freely enjoy the total freedom it offers . But for decentralized assets it's the anonymous and right to complete ownership of funds using cryptographic algorithm that makes the significant difference. Freedom can be achieved either ways but it comes in two different format
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April 27, 2022, 05:05:24 PM
 #10

You can still have access to financial freedom in a centralized world just that your source of income has to be declared so you can freely enjoy the total freedom it offers . But for decentralized assets it's the anonymous and right to complete ownership of funds using cryptographic algorithm that makes the significant difference. Freedom can be achieved either ways but it comes in two different format
Financial freedom in the centralized world is only temporary freedom, because all assets owned must be reported and there will be taxes on the assets owned. ordinary people who only do local transactions will have no problem with traditional centralized transactions. But when someone starts to need privacy or anonymity then decentralized assets like bitcoin will be needed.

Bitcoin is the freedom to transact with anyone without any shadow from other people or the government.

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April 28, 2022, 09:02:25 AM
 #11

Can we say financial liberty instead of financial freedom.
I see freedom rather ambiguous but most times both can be used interchangeably. When we say financial liberty it means you are the controller and decider of your finance while being ethical. While freedom could be no boundaries or being ethical.

Bitcoin offers financial liberty no doubt but the individuals using the Bitcoin are still under yhe laws of the government. That is why there is still troubles when Bitcoin faces some sanctions across the countries.

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April 28, 2022, 09:46:51 AM
 #12

Self reliance is good description for bitcoin at this point. Since the time of inception thoughts were clear to give freedom and unlimited access to your own money. Unlike banking were you have to rely on forms, applications, approvals and what not if you gonna make domestic or Intenrational payments. Even for domestic transaction certain limits will ask you KYC so on the other hand overseas will call for harder regulations and limitations.
Bitcoin has broke these regulations for us. With the economic cycle of bitcoin businesses can easily accept international payments so no worries about it.
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April 28, 2022, 11:11:46 AM
 #13

Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount.

Eventually this will turn a surprise to the governments when they begin to notice they aren't fighting for the people but rather themselves, they enjoy this freedom because they have most of their actions being covered by "immunity" and this is the privilege they enjoyed in which we the citizens couldn't and bitcoin has made justice to that, which is the decentralization and privacy we have in bitcoin and most importantly the anonymity as well.

Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom

Bitcoin has not only given us freedom in our finances but it has also stand in gap against inflation that is running the fiat economy into recession or bankruptcy as the case maybe, bitcoin is a digital decentralized currency that gives everyone equal opportunity without being biased in dealing with security and privacy of our financial assets and it value in which the government failed to realize and give.
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April 28, 2022, 01:42:58 PM
 #14

You can only have financial freedom if you have a lot of bitcoin in your wallet. If you have less than 1 BTC then it might not be enough for you to survived specially if the cost of living in your country is very high.

Of course, we as bitcoin enthusiast know this one, that's why it's better to save and accumulate first before we can claim that we indeed gain our freedom. So invest early and just save as many as you can because the supply is getting thinner.

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April 28, 2022, 03:39:38 PM
 #15

Owning bitcoin its financial freedom itself. You are anonymous to everyone and trading is easier without any form of third party intervention. But the financial liberty is limited as the people in possession of this bitcoins are still under the government who decides and gives laws governing how you spend your money. There won’t be financial liberty or one becoming self reliance by owning bitcoin until the government has no intervention on how people spend their money, decentralized means of spending and owning money. Which is what bitcoin portray to the world.

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April 28, 2022, 07:03:10 PM
 #16

Owning bitcoin its financial freedom itself. You are anonymous to everyone and trading is easier without any form of third party intervention. But the financial liberty is limited as the people in possession of this bitcoins are still under the government who decides and gives laws governing how you spend your money. There won’t be financial liberty or one becoming self reliance by owning bitcoin until the government has no intervention on how people spend their money, decentralized means of spending and owning money. Which is what bitcoin portrays to the world.
Exactly Bitcoin holders are not free from the grip of the government since one still depends on government established institutions and services to get your Bitcoin to the right usage and this is where the place of innovation comes in if Bitcoin can have some level of scalability and acceptance level the story will not be the same as we have now where before a Bitcoin holder could use his/her Bitcoin for exchange you need to go through the services of a third party.
But on a p2p level Bitcoin offers a free market for its users where no third party or need for exchange or other centralized Bitcoin services involvement.
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April 28, 2022, 07:49:54 PM
 #17

When you talk about the freedom you should always point to the view of many scholars who have defined the subject (freedom) it's a compound world at the same time a simple word, which simply means the right to do what you want to and when you want. And one of the ways the government has held its citizen bound is in the financial freedom which is the most important type of freedom because it translates into economic freedom.
Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom
We could actually had that freedom when we do get involved ourselves with Bitcoin or with some coins in the market considering that there is indeed anonymity and being decentralized or cant be controlled kind of stuff

behind but as we all know that it wouldnt be still totally free nor able to get rid on what government is trying to do considering that they do still touch up centralized platforms which means
we arent really that breaking free or having that freedom but if you do make yourself not tangled out or make use of these platforms then this is where you could really able to feel
that freedom.

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April 28, 2022, 09:18:15 PM
 #18

Freedom belongs to everyone but freedom without rules will be chaos because people tend to do what they want. You can do whatever you want, but still, you have to follow something that is from your government's rules.

Likewise with Bitcoin. Bitcoin provides financial freedom in managing your finances without any third party and without paying any taxes, except taxes for making transactions. And the tax comes from your government through the Bank. So we are free but still under a rule from our government.

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April 28, 2022, 11:27:35 PM
 #19

You make it sound like the sole purpose of banks was to suppress the financial freedom of the people. It doesn't, I'd say the word "limit" would be better? But this is all within agreements with the user for wanting to use the services of the bank. It may not seem like the best for some people (or they've had a lot of issues and gripe with it), but you can't deny that the system help(ed) in improving the qol of trying to handle and manage the finances they have (in one way or another).

Sides, Bitcoin usage is still bound by laws. Bitcoin may be a medium that can surpass it, but we as users should at the very least abide by the laws that make society well, a society.

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April 29, 2022, 08:31:29 AM
 #20

in this case, of course, we are aware that even though there is freedom there, there are still limitations, and these things are limited by the existing and applied rules.
indirectly even though bitcoin is something that is free but free does not mean without limitations, not only that there are limitations there. Is freedom with limitations still called freedom?
we know rules have made life better but if you say those rules to bitcoin is it really still something the OP meant freedom?
Freedom ends where others freedoms start. This is what we were thought at school when I was a little kid. If you mean something like freedom to kill someone, that is not freedom for example, it means that you are getting into someone else's freedom. Abraham Lincoln said it the best "If we submit ourselves to law, even submit to losing freedoms, the freedom to oppress, for instance, we may discover other freedoms previously unknown to us."

This is what freedom is all about, if you want to see how you should design your freedom and want to learn if you oppress anyone or if you are oppressed, ask yourself "is this request of freedom changes anything in anyone else's life or not" and you will have your answer.

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