Bitcoin thrives on education and self-sovereignty

[tadamichi]

Since im relatively new to the space(2.5 years) i wanted to share some insights to newbies, i gained over the years.

Dont just check charts all day and focus on price, hoping you will get rich, when youre still learning about Bitcoin. Desperation for money is the thing that keeps us slaves in the first place. Price should be the last thing were worried about cuz theres a lot of catching up to do. Just don’t feed whales or shitcoins.

And Bitcoin is not the get rich quick scheme some new investors are hoping for. But it can enable you to do things no other asset can do. And for this fact alone it’s priceless already.

Try to imagine that Btc had no price and try to understand everything that is not related to price first.
Like holding ur own keys safely, buying without kyc, running ur own node, understanding the architecture behind it and why satoshi invented it. But that’s just the beginning.

Our current system thrives on misinformation and desperation, just look outside or open the news and you’ll understand what i mean. We’re all stuck in this cage together.

Knowledge is power in this world and those who refuse to educate themselves or stay gullible will get exploited. Bitcoin thrives on education and self-sovereignty, the more educated and self-sorveign we become, the more bitcoin will thrive, we can all do our part.

We’re closer to a free monetary system than any human has ever been before us. Let’s spend our energy on making this work, instead of focusing on other 1000x pumps.

Everything in this world is made up by people that are no smarter than us, like steve jobs said. We can do this if we all stick together.

Satoshi did his part, and now it’s our part to finish the job.

There’s nothing that can stop us anymore, if we all do our individual proof of work. We entered this world with nothing and will leave it with nothing again. The only thing that will be remembered about us is how we used our time, and if we only chased wealth, we do the same thing that billions are doing rn and no one will give af. So let’s finish the job satoshi and the other bitcoiners started and actually do something for the world.

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[Zilberia]

It's the most motivation speech I've seen for the last months . You inspired me)
In my opinion we could not be able to reach the free monetary system neither without Bitcoin or with it because it doesn't depends on how many educated human beings believe in this thing or invest their money, it's just about how the things work. It will be impossible to change the way of economic by ourselves in the world without some huge country level changes. It seems for me like the governments aren't going to accept Bitcoin and include it as a part of an global economic system (at least in the possible future).

[un_rank]

Thats the point, we dont need the government to accept bitcoin for it to work, even tho it would make things easier. There will be a point where the average person will be fed up with the current system and thats where bitcoin shines. The more people stand behing bitcoin, the harder it will be for them to ban it. And even if it was banned it will be resilient, the more people already hold their own keys and run their own nodes the harder it will be for a ban to have any effects, it could even be positive, because it forces us to use more decentralized services.

I completely agree. Technologies like bitcoin are much more than charts and candles, it is a system of money that anyone can utilize as everyone else. All other means of exchanges take a bureaucratic approach and not everyone can use it like everyone else, more like it is designed to work for a select few. This is truer in poor and middle class nations.

Thats where the knowledge part comes into play, because the more educated bitcoiners we have, the easier it will be to withstand future attacks(And there will be many social attacks on the protocol and so on). Bitcoins game theory is just on point and i think it will play out the more good actors we have in it. And if countries refuse to take in bitcoin and keep this current broken system alive, then bitcoin will keep increasing in value and it will attract more and more people. So i think if we play our cards right, we can do it, theyre in the loosing position, not us, we just gotta withstand attacks now and keep it alive as best we can.

Having any sort of general consensus would be difficult as the scene is filled with so many different actors right now, the most plausible approach is not normalizing processes that undermine the decentralization of bitcoin, no matter how popular they become, like, storing on exchanges, freely submitting KYC documents, etc.

[buwaytress]

I'll tell you what else Bitcoin thrives on: hardship and tribulation.

Need only look back at the last couple of "ATH cycles" and what happened in the time before then. In fact, Bitcoin's arguably made it through its biggest challenges already, which explains why the ATHs keep getting smaller in magnitude (compared to the previous).

I was lucky enough to be in the whole civil war fork split threat that was supposed to kill off Bitcoin. What resulted next wasn't just a survival of the split but a thriving rally of 20k not a lot of people foresaw. And even a reconciliation with most parts of the losing side after.

Country bans Bitcoin? Then people learn how to use it peer to peer.

We saw it in Iran, China, Hong Kong.

Bring on the bad stuff. Bitcoin loves it.

[bitmover]

I
Country bans Bitcoin? Then people learn how to use it peer to peer.

We saw it in Iran, China, Hong Kong.

Bring on the bad stuff. Bitcoin loves it.

This is amazing about bitcoin. It grows despiste of governamental bans. Just look at China.

Mining comes back to 21% after ban

Following the mining ban in China last year, the country has seen a sudden surge in activity through “covert mining operations” and has “re-emerged as a major mining hub” grabbing 21.11% of global hashrate, according to the CCAF.

https://www.bloomberg.com/news/articles/2022-05-17/china-makes-a-comeback-in-bitcoin-mining-despite-government-ban

I believe bitcoin thrives in freedom. No one can take out our bitcoin: no government,  no judge , no authority.  The only authority is the private key.

[cheezcarls]

Bitcoin adoption is a positive type of “pandemic” in the digital space. Despite the countermeasures made by those anti-Bitcoin countries like China, it cannot be stopped. It spreads slowly and has non-stop “variants” growing that began with altcoins, then NFTs, etc.

The blockchain cannot be controlled by the government and banks as it is decentralized. No matter how many times they are trying to take it down, they can’t do it. So yeah Bitcoin is thriving despite the circumstances that we are in these days. Doesn’t matter if we are in the bear market, I am still gonna buy and accumulate Bitcoin every month by doing the old-school DCA method.

[Doan9269]

Dont just check charts all day and focus on price, hoping you will get rich, when youre still learning about Bitcoin. Desperation for money is the thing that keeps us slaves in the first place. Price should be the last thing were worried about cuz theres a lot of catching up to do. Just don’t feed whales or shitcoins.

I've also come to think of it, why many fail on thier first approach about bitcoin or along the way in their crypto journey, we all believed that live has principles and same is the bitcoin network as well which has its own govern procedures expected to follow for an itch free experience, learning has the highest percentage to what has been expected of us because every stage in bitcoin required a particular knowledge to scale through, those whales we see out there don't just investment all because they have the fund, but because they have studied, analyze and understand the basic requirements needed for any investment stages in bitcoin.

[Mauser]

Knowledge is power in this world and those who refuse to educate themselves or stay gullible will get exploited. Bitcoin thrives on education and self-sovereignty, the more educated and self-sorveign we become, the more bitcoin will thrive, we can all do our part.

I fully agree with you, in today's world it all about knowledge. With the rise of the Internet borders became obsolete, the whole world is connected now. Which makes it so important to educate ourselves. Knowledge became a resource that can be accessed online through online courses or Wikipedia. It's up to us to keep educating ourselves and move forward in the world.   Self-sovereignty is a powerful tool that can make people more interested in politics and reduce corruption in the government. The more people are directly involved with politics and the government, the more transparent things will be. There should be a layer of ordinary people checking what the politicians are doing and verifying everything is okay.

[Flexystar]

Yup, this goes well with 1 btc = 1 btc and that's what they should be taught when adopting it. With the current trend in the market, bitcoin has become the instrument of trading and earning profits rather than transacting for the commodities, day to-day stuff buying and selling etc. Bitcoin can have it's own value once they start accepting the payments in btc to etc format and consider USD as only measure of unit. I mean holding gold bar is alway prestigious thing, no matter the value because we always know back of the mind that it's fiat value is always going to upgrade with the time. That sort of feeling one should start getting while holding bitcoins in their wallets. Definitely we should have it as profiting asset but first it should be adopted as it is in terms of its functionality and technicality.

[Kakmakr]

I can tell you from my experience in Africa (I work on contract there) ...that education is VERY important for Bitcoin (BTC) to thrive. A lot of the people in Africa and other 3rd world countries does not get good education...and their government has dumbed down the education system on purpose. (A corrupt government can only thrive in a situation where citizens fear them and where they do not question their rules and decisions)

Bitcoin can look very complicated to a lot of people, but not all people want to know the intricacies of this technology. (How many people actually know how the Banking system work?.... but they still use money.)     If we can explain the basics to these people and how different it is to the corrupt Banking & government backed Fiat system.... they will see the light. 

[Leviathan.007]

The golden sentence op also mentioned here is knowledge is power and people lose money because they don't have power and knowledge of financial systems, these are all because of lack of education and some people are usually staying against getting educated and learning about new technologies and this makes the newbies good victims to be abused by other people and they will leave the market with empty hands while they lost all the money they invested on the market, that's why I'm a fan of self educations.

[CryptocurencyKing]

It's the most motivation speech I've seen for the last months . You inspired me)
...

Thats the point, we dont need the government to accept bitcoin for it to work, even tho it would make things easier. There will be a point where the average person will be fed up with the current system and thats where bitcoin shines.

In as much as bitcoin has been designed to function regardless of the government's stand on it, given a pop system of exchange. Its also important to note that government's influence is still heavily on the system and it rather acts as a double edged sword. In one instance, the critics brings about a gradual growth and acceptance while, should it be proclaimed acceptable, it would flourish at a fast pace. Local merchants and banks would be fully involved without fear or prejudice to bring the innovation to a broader scale.
Although, the knowledge of bitcoin or cryptocurrency empowers the common ma in a way that the government is not yet ready for.

[Crptomagma]

I think you have a very good point, that system should be adopted into bitcoin system.

[SpenserReed]

We’re closer to a free monetary system than any human has ever been before us. Let’s spend our energy on making this work, instead of focusing on other 1000x pumps.

Very inspiring and romantic, but what exactly do you propose to do?

[AakZaki]

~snip~
I think the current system would collapse if people really understood it, it just uses the weaknesses of humans as a whole perfectly against them, thats why its still here, but i think with bitcoin we can change that.

Bitcoin could be the technology that will change the way you pay that is more efficient and transparent and cannot be manipulated. But the role of the government is also very important, because without the support of the government the bitcoin system will not be implemented. But Bitcoin still can't be denied completely, it will be a technology that will reach everyone in the future.

[buwaytress]

Bring on the bad stuff. Bitcoin loves it.

This is amazing about bitcoin. It grows despiste of governamental bans. Just look at China.

Mining comes back to 21% after ban

Or, as I might have put it, Bitcoin grows because of adversity (such as government bans). All tech does. China's Great Firewall, Iran's whiteout, it's only made the people so much more savvy about internet use. Bitcoin benefits from the same methinks.

When i read about how you guys fought for bitcoin during the fork wars, it really insipired me and teached me how to stay away from bs. So i can only say thank you.

You've to thank everyone who continued using Bitcoin! It was slightly scary for me at the time, was still fairly new, and while it was easy for me to see where I stood, I did wonder if the big blockers would all go away and take a significant portion of users. Turned out they had more bark than bite.

[tadamichi]

We’re closer to a free monetary system than any human has ever been before us. Let’s spend our energy on making this work, instead of focusing on other 1000x pumps.

Very inspiring and romantic, but what exactly do you propose to do?

Theres a whole lot of things that could help adoption in the next years.

Some examples:

• Businesses will need help and expertise in adopting it, it doesn’t matter if we look at erp systems or taxes for example, most businesses aren’t ready to handle it yet.
• Applications that build on Layer 2.
• If more countries will adopt it, we can’t forget to train normies too on using it.
• Learning the technicalities behind bitcoin and helping core development out.
• Helping against social attacks in the future.
• Basics (self custody, no kyc, own node).

The List goes on and on, we’re in the beginning of a new ecosystem and i think there will be opportunities for everyone to step up and do his part.

Bring on the bad stuff. Bitcoin loves it.

This is amazing about bitcoin. It grows despiste of governamental bans. Just look at China.

Mining comes back to 21% after ban

Or, as I might have put it, Bitcoin grows because of adversity (such as government bans). All tech does. China's Great Firewall, Iran's whiteout, it's only made the people so much more savvy about internet use. Bitcoin benefits from the same methinks.

When i read about how you guys fought for bitcoin during the fork wars, it really insipired me and teached me how to stay away from bs. So i can only say thank you.

You've to thank everyone who continued using Bitcoin! It was slightly scary for me at the time, was still fairly new, and while it was easy for me to see where I stood, I did wonder if the big blockers would all go away and take a significant portion of users. Turned out they had more bark than bite.

Great points and if y’all didn’t stand trough this, i probably wouldn’t be here today, so thanks again.

[Fesatmas]

~snip~
I think the current system would collapse if people really understood it, it just uses the weaknesses of humans as a whole perfectly against them, thats why its still here, but i think with bitcoin we can change that.

Bitcoin could be the technology that will change the way you pay that is more efficient and transparent and cannot be manipulated. But the role of the government is also very important, because without the support of the government the bitcoin system will not be implemented. But Bitcoin still can't be denied completely, it will be a technology that will reach everyone in the future.

Yes, it's true, the government's role in this matter is important, because after all when the government has legalized bitcoin it will make it easier for bitcoin to reach in any way. But of course it will take a very long time to wait for that time to come. Although now many have adopted bitcoin, but currently there are still many who oppose the existence of bitcoin. It became a stumbling block to the development of bitcoin itself.

[Sterbens]

~snip~
I think the current system would collapse if people really understood it, it just uses the weaknesses of humans as a whole perfectly against them, thats why its still here, but i think with bitcoin we can change that.

Bitcoin could be the technology that will change the way you pay that is more efficient and transparent and cannot be manipulated. But the role of the government is also very important, because without the support of the government the bitcoin system will not be implemented. But Bitcoin still can't be denied completely, it will be a technology that will reach everyone in the future.

So we have to keep waiting for government instructions to actually implement Bitcoin payments. Well, it's hard when faraway countries tend not to be interested in adopting Bitcoin. It's just an investment tool. Government policies will help if they can benefit from it, while Bitcoin cannot be controlled unless a centralized exchange is already licensed to operate. Among the original decentralization, now it can no longer be achieved as it should be.

[Jody.Drummer]

Everything in this world is made up by people that are no smarter than us, like steve jobs said. We can do this if we all stick together.

Satoshi did his part, and now it’s our part to finish the job.

There’s nothing that can stop us anymore, if we all do our individual proof of work. We entered this world with nothing and will leave it with nothing again. The only thing that will be remembered about us is how we used our time, and if we only chased wealth, we do the same thing that billions are doing rn and no one will give af. So let’s finish the job satoshi and the other bitcoiners started and actually do something for the world.

It has become the duty of each one so that Bitcoin remains the only one that has contributed greatly to our financial achievements to this day. We are the stump control for owned wallets. But avoiding using KYC at this time will be very difficult. As I am under the government's financial monitoring, I cannot ensure that what I hold is free without monitoring. Satoshi's job is to give us a path of choice that no one has ever offered.