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Author Topic: Bitcoin a Partway to Becoming Self-Reliance.  (Read 406 times)
Doan9269
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May 06, 2022, 10:00:18 AM
 #41

fiat currency also gives us freedom

If this had bee gotten I think there would be no need for a gold rush on bitcoin for security and decentralization because that's what the word freedom quonote here. we need to understand that government aren't giving us this and the only means we can achieve it is through anonymity and decentralization which is all about bitcoin.

but there are also countries that restrict the withdrawal of fiat money

Those are the likes of KYC related challenges whereby you will be limited to perfoming certain amount of transaction within a limited time frame, many people find this very challenging because the restriction is not in favour of many businesses and individuals find at an unsecured means to exposing their private and financial circumstance to a third party corporate body.

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Cryptomiles1
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May 06, 2022, 10:16:36 AM
 #42

Everyone with their way of understanding, I can easily say that the freedom can be mostly referred to only the user, lover as well the enthusiasts Globally not everyone using bitcoin and there some places that are yet to know and discover more facts about the digitalization which involved; Primitives village that includes lack of internet access, poor communication and failure of radio signals. But yet they have their buy and sell working effectively without barrier, they also live their lives freely without any cause or at low cost. So if I may say, the freedom connotes to those who are actively involved just we both since we can transact, buy and sell free on the internet without any interference other than being careful for destination address or the receivers.
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May 06, 2022, 05:13:18 PM
 #43

Bitcoin promotes freedom, but it isn't an absolute path to freedom. You're still subject to the jurisdiction of your local government. Right now you're witnessing the attempt of most governments to regulate bitcoin by requiring registration information of miners and crypto users or taxing it at exorbitant rates. Bitcoin makes financial regulations easier to circumvent, but again, you're bound by law. Now, you're not bound by the government's poor decision to handle monetary policy, though. Whatever your local government might do to drive the currency into the ground has no consequence to a self reliant crypto user.
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May 06, 2022, 10:02:21 PM
 #44

fiat currency also gives us freedom

If this had bee gotten I think there would be no need for a gold rush on bitcoin for security and decentralization because that's what the word freedom quonote here. we need to understand that government aren't giving us this and the only means we can achieve it is through anonymity and decentralization which is all about bitcoin.
@riso2015 Fiat never gives financial freedom, it was backed by the government but advise you to read the little explanation provided by the OP about financial freedom.
@Doan9269 The political rules and understanding of the government will never let them give us the needed freedom and freedom is not only achieved through anonymity and decentralization because freedom can also be achieved through no censorship. However, anonymity in Bitcoin requires some effort.

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May 12, 2022, 12:07:37 PM
 #45

Bitcoin promotes freedom, but it isn't an absolute path to freedom. You're still subject to the jurisdiction of your local government. Right now you're witnessing the attempt of most governments to regulate bitcoin by requiring registration information of miners and crypto users or taxing it at exorbitant rates. Bitcoin makes financial regulations easier to circumvent, but again, you're bound by law. Now, you're not bound by the government's poor decision to handle monetary policy, though. Whatever your local government might do to drive the currency into the ground has no consequence to a self reliant crypto user.
Yes, you are right but if you look at it as the p2p level Bitcoin offers its users total freedom as you own your keys and your wallet, and you can transfer to any wallet of choice without any interference from the government. The drawback will only come when you move out of the decentralized system to centralized services, so if you use Bitcoin as a decentralized alternative currency then you are sure of total freedom but when you via in for the use of third-party Bitcoin services such as exchange and the rest you begin to lose your freedom and start exposing your privacy.
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