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Author Topic: Bitcoin a Partway to Becoming Self-Reliance.  (Read 406 times)
Rockstarguy
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April 29, 2022, 11:37:46 AM
 #21

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

Why I think their is more freedom in bitcoin, having a bitcoin you can have access to it at anytime to make purchase of anything. Like in the region where I come from, their is certain amout one would want to withdraw from the bank and it will take different processes and some hours because of the crowd you will meet in the bank who want to also make withdrawal, getting your fiat for personal use is a problem,  bitcoin has more freedom without any stress.

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April 30, 2022, 07:16:40 AM
 #22

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.
Governments could also use that to their advantage if they just smarten up a bit. I mean crypto is a decentralized thing and could be private for many people but considering the KYC we have right now and how people are willing to share that and even pay taxes for it just so they could have crypto as a taxable and regular thing, then we could see governments use that to their advantage.

You have everyone who owns crypto thanks to KYC, you know how much they have from the exchanges, you know this because they file it when they are paying taxes to you and you collect more money from people this way as well. It is a great benefit for any nation to accept it, and tax it.

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April 30, 2022, 07:31:07 AM
 #23

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.

I don't see much point in your post, especially when you say

Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom 

You say it in general terms, as if anyone with 0.001 bitcoin saved had financial freedom. Furthermore, there are many people who do not own bitcoin and have financial freedom.

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.

I agree, but people who are financially free and have a lot of money (not those who have just achieved financial freedom and could live without working but with just enough money to get through the month) can also use that money to have a degree of anonymity.

Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.

Well, it depends, I think you say that because you think so, full stop, not because you have data to back it up. I can think of many people who have traded bitcoin and lost money, despite the fact that bitcoin has been very bullish over the years.

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April 30, 2022, 07:48:37 AM
 #24

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spend their money whatever way and in whichever amount.

What's stopping you from spending fiat? Limiting its amount? And what about bitcoin? Moreover, its volatility at some point will not give you the privilege to spend what you expected to spend.

Therefore, freedom with Bitcoin or freedom with fiat currencies is limited only by their number. A person who is not financially secure remains in a difficult situation in all situations. But if you write that with bitcoin, you can avoid taxation, I will say otherwise. It is easier to pay taxes, sleep peacefully, feel like an honest person, and have a clear conscience.

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April 30, 2022, 08:39:16 AM
 #25

I guess at the end of the day, Freedom is subjective because it doesn't matter whether you hold Bitcoin or fiat, you have been able to spend them freely once you have not broken any law and have a peaceful living as @lovesmayfamilis mentioned. We read about cases of Bitcoin hackers that have been tracked down and apprehended because they brock the law, so even when they had Bitcoin were unable to truly live freely and the same goes for Fiat too

I have also read once here how people want there to be better regulations to crypto and that would bring sanity and more confidence to the space thereby encouraging more adoption. so it is whether you chose to do the right thing with what you have in possession, Bitcoin or Fiat that matters about freedom and not the entities themself.
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April 30, 2022, 08:53:52 AM
 #26

Bitcoin is part of being independent, indeed I admit that bitcoin is part of being independent, we are free to invest whenever we want, we are also free to make any transactions we want, but we should not put fiat currency aside, because fiat currency also gives us freedom, we can do whatever we want with the money we have, but there are also countries that restrict the withdrawal of fiat money, and we are not given the freedom to do what we want.

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April 30, 2022, 10:18:00 AM
 #27

I think Bitcoin has the ability to help make one self-reliant since it makes us enable to use it in our own ways and has no constraint of depending on any system or say investment perse. It helps us to do things in our own ways and also helps us meet our own needs. It has the capacity to rely on and manage one’s own affairs.

There is a saying ‘We must always bear in mind that we are not going to be free, but are free already.

We must remember that decentralization is the first condition of growth the best example is Bitcoin. What you do not make free, will never grow...
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May 01, 2022, 09:06:19 PM
 #28

Bitcoin is part of being independent, indeed I admit that bitcoin is part of being independent, we are free to invest whenever we want, we are also free to make any transactions we want, but we should not put fiat currency aside, because fiat currency also gives us freedom, we can do whatever we want with the money we have, but there are also countries that restrict the withdrawal of fiat money, and we are not given the freedom to do what we want.
Fiat currency is not getting put aside, it is not really a thing where you need to become full-time crypto and never use dollars ever again in your life type of situation. Obviously you are going to require a bit of situation where everything will get better or worse, but at the end of the day we are talking about a situation where bitcoin needs to help you to get it better on your worse days.

If you use fiat regularly like you have been, and like human has for over a century now, that means you are going to just add in bitcoin to some portion of it and that is where it will help you, just a side deal where you invest and earn, think of it like gold or stock market basically.

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May 01, 2022, 09:32:13 PM
 #29

If we put Bitcoin as a way of becoming Self-Reliance, I think the Bitcoin early investors are the best example.  Since OP tackles financial freedom, which in definition is:
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When you don't need to work for money anymore, you'll know you've made it to financial freedom. Spend your time growing your interests, doing what you love, spending time with family, and living each day to the fullest.

Early investors on Bitcoin should have this financial freedom since their holding had increased thousands to million folds.


We must remember that decentralization is the first condition of growth the best example is Bitcoin. What you do not make free, will never grow...


I highly contradict your opinion, if all businesses were made free they will all get bankrupt.  If you offer your service for free, yes you can grow your contacts of people to exploit you and you will end up starving because you don't have money to feed yourself.  Grin. In the end, you are dead even before you see your growth.  In relation to Bitcoin.. it isn't free. You need funds to buy a machine to mine them.  You need to invest money to get them. And having decentralization also has its own price.

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May 01, 2022, 09:51:39 PM
 #30

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.
Yeah, another thing is that BTC doesn’t automatically make you rich, it’s something that takes time. You have to invest and you will have to patience for the market to become bullish, which I know most people hardly do, because they don’t have much to spare, they just want to invest and make earnings quickly which is usually not the case.

But, anyone who is able to have that level of patience and wait till the market goes up will always benefit from it. A lot of people has indeed obtained financial freedom through this.

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May 01, 2022, 11:58:59 PM
 #31

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.
Yeah, another thing is that BTC doesn’t automatically make you rich, it’s something that takes time. You have to invest and you will have to patience for the market to become bullish, which I know most people hardly do, because they don’t have much to spare, they just want to invest and make earnings quickly which is usually not the case.

But, anyone who is able to have that level of patience and wait till the market goes up will always benefit from it. A lot of people has indeed obtained financial freedom through this.

This is why a lot of newcomers have different perspectives on bitcoin or crypto in general.
They thought this is their path to financial freedom but there's more than meets the eye in this industry.
You can't get rich just by joining or getting on board this market. You need hard work in investing, trading, mining or whatever you ventured with.
This is not a ticket to get rich quick but will give you opportunity to improve your financials if you know what you are doing.
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May 02, 2022, 05:18:07 AM
 #32


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

Bitcoin offers freedom if you know how to use it properly.Putting your Bitcoins in a centralized custodial wallet/exchange platform doesn't mean "total freedom".
I don't know what do you mean by "Bitcoin activities"?Do you mean crypto trading?NO,crypto trading isn't more profitable than "traditional physical activities".Most of the crypto traders are losing their money.
I don't know where did you come up with this conclusion?This sounds delusional to me.
Freedom is all about responsibility,making the right choices and sticking to them.Being free doesn't necessarily mean that you will be more successful with what you are going.Failures are a big part of making choices and a big part of learning and improving as a person.

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May 02, 2022, 05:45:19 AM
 #33

I see the "freedom" a bit differently to other people..... Yes, some people might say that the public are not restricted in the transactions that they are allowed to make with Fiat currencies, but they are wrong. Those people have not been restricted yet.... and people will not learn what Financial freedom are..until that happens.

Let's take donations to WikiLeaks ..... Now it might show you a Credit card option on the site and PayPal ... but what if you do not want people to know about your donations? A while ago all credit card payments to WikiLeaks were blocked ==> https://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks/?sh=5b987a152cad

What happens when you run a legitimate business on "Backpage" and all Credit card payments via "Backpage" were blocked? (Or PornHub, if you are into that..or earning money from that)  Huh

Who will they decide to block next? How will that influence your decisions to make transactions to those platforms or services?

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May 02, 2022, 10:50:59 AM
 #34

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
One of the things that really got me interested in bitcoin is how simple it is when it comes to making transactions. It is very cheap compared to most other means there is, and then you don’t need much to make use of it, no paperwork like you would do when making use of banks. It has just simplified everything so well.

No matter where someone is around the world, all they need is just create an account which is setup instantly and you have your address which is the only thing needed for the transaction. And it is really a cool technology.

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May 02, 2022, 01:05:42 PM
 #35

Total financial freedom for me is you have all the control of your money no matter how much it is and you can also hide it from the public and let yourself play poorly when in reality you know for yourself that you are capable of buying anything you want. Unlike the norm that you need to be transparent to the government about how much money you have so that they can acquire some taxes from you and spend it for themselves and they will gonna be interested in your assets when you are not paying them well.
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May 02, 2022, 01:14:56 PM
 #36

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

Bitcoin and freedom has been the terminologies hand-in-hand for the past couple years. Bitcoin paved way for decentralized transactions that free the users from the reach of the government as well as the inconvenience from the traditional processes. In addition, it gave and still gives the users the opportunity to have a sideline for additional income and even a main job to become their main source of fund.

However, recently, there are many changes that has made which entirely moved the usual dynamics of bitcoin. Bitcoin is still a decentralized entity, however, in some platforms, there are now regulations imposed. Some platforms such as in trading, are now regulated by the government. Which is why some requires KYC to their customer. Hence, freedom is now vaguely felt compared before.

Although this is still a case to case basis because we use different platforms, wallets, etc. It will be subjective the way how we view freedom as well. Nonetheless, these changes, if you don't want to grasp, you can find alternative ways. Or perhaps you can also try to adapt.
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May 02, 2022, 04:20:34 PM
 #37

Bitcoin is definitely one way to be free from the control of the government and be able to spend it however you want and whenever you want without worrying about anything.
But it still doesn't mean you are completely free because the government is watching you and many times having a control on you.
You just don't know how but the government can literally own you if they want to because we all have fallen into their trap.
Earning an income from the jobs created by the government and being controlled by third parties and then have to give a cut of your income to the government as tax.
Doesn't all of this sound like you are not living a free life at all.

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May 02, 2022, 09:44:47 PM
 #38

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
Freedom is not a complex word but everyone can easily understand it. When you have bitcoin, it doesn't automatically mean that you can now do anything that you wanted to do but there are still some restrictions and besides, not all country legalizes the use of bitcoin. That simply means that the government itself still has the control. Criminals can prefer bitcoins, due to the fact that its transactions are anonymous and irreversible which is perfect for their shady activities. This is why many governments are still against the use of bitcoin. We can use bitcoin but we should use it in a legal way so that we won't experience any problems.

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May 06, 2022, 09:23:46 AM
 #39

Freedom is not a complex word but every one can easily understand it. When you have bitcoin, it doesn't automatically mean that you can now do anything that you wanted to do but there are still some restrictions and besides, not all country legalizes the use of bitcoin. That simply means that the government itself still has control. Criminals can prefer bitcoins because their transactions are anonymous and irreversible which is perfect for their shady activities. This is why many governments are still against the use of bitcoin. We can use bitcoin but we should use it legally so that we won't experience any problems.
Freedom in this context entails only the financial aspect which is the freedom to own and do whatever you want with your finances as long as you have it in Bitcoin and a none custodial wallet that only you have the private key to the wallet, you can send and receive Bitcoin anytime you wish to without interference from any institutions or government unless you want to use centralized Bitcoin services such as an exchange. When we talk about freedom in Bitcoin we simply mean the freedom to own and use at will bit as a citizen you are under the law of the land and that law must be respected and obeyed in totality.
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May 06, 2022, 09:41:54 AM
 #40

Because the original purpose of bitcoin was created to remove obstacles in the financial world, for example when making transfers abroad, the process does not need to wait for working days, but only takes a matter of hours or even minutes.
and without involving third parties such as banks, and also there are no regulations that could potentially hinder the payment process and that's the freedom that I feel and everything is controlled by myself and is also anonymous which can hide my identity during the transaction.

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