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GiftedMAN
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July 07, 2022, 09:28:19 AM
 #21

Bitcoin gives financial access to everyone, and this is a wake up call to those who think Fiat currency is the superior. We are in era that technologies are getting more active and creative, with Bitcoin and cryptocurrency they make things possible. Though fiat money will stay of course, we can’t totally beat them and replace them, but still we have a good choices now between fiat and cryptocurrency, it's just a matter of time before we see Bitcoin as the top option here.
Having known that Bitcoin guarantees financial access to everyone, don't you think that the world will abandon Fiat currency if Bitcoin is generally accepted as a means of payment for goods and services in the whole world?  Bitcoin can replace Fiat currency because as the world keeps advancing in technology Bitcoin is the only digital currency that matches the world's technological innovation.  When the whole world understands that Bitcoin eases the financial crisis that fiat currency has caused, everyone will have no other reason to use fiat instead of Bitcoin for transactions.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 07, 2022, 11:39:26 AM
 #22

you know that without tokens being created cryptocurrency won't have being valuable and bitcoin won't have be widespread.

I think even on the contrary, those kind of tokens are created to lure new people into fraudulent schemes and in the end they end up pitifully. The service behind it just rides bitcoin's fame and manages as if they still adhere to "financial freedom" principles.

For many times bitcoin has become the scapegoat for the evils of this kind of token scheme. I think it just spreads the image of bitcoin badly.

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July 07, 2022, 01:16:21 PM
 #23

In my opinion, I feel it is well said that "bitcoin is a freedom money" just simply because of its cryptographic nature and the liberty it gives its users compared to that of Fiat currency, but even in the midst of these, Fiat currency is still far adopted in many countries till date and the possibility that Cryptocurrency would be fully adopted by many nations of the world is very slim. So while bitcoin is a freedom money, the ones in power do not want people to have that financial freedom, therefore preventing people from legally having access to the freedom money (Bitcoin).

Freedom of bitcoin you can only seeing it when fiat is no more. There is freedom with that of bitcoin but if you have bitcoin in your wallet but you leave it there. If you are to change the bitcoin again to fiat you know the freedom is not a total freedom. If the time of adoption of bitcoin in every country for buying all needs, we now see the total freedom.
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July 07, 2022, 04:36:26 PM
 #24

In my opinion, I feel it is well said that "bitcoin is a freedom money" just simply because of its cryptographic nature and the liberty it gives its users compared to that of Fiat currency, but even in the midst of these, Fiat currency is still far adopted in many countries till date and the possibility that Cryptocurrency would be fully adopted by many nations of the world is very slim. So while bitcoin is a freedom money, the ones in power do not want people to have that financial freedom, therefore preventing people from legally having access to the freedom money (Bitcoin).

Even if crypto is widely accepted, fiat will not disappear, fiat has been around for a long time in the world and it is the measure of the value of everything, I don't think it will disappear because of bitcoin or anything something else.

Because governments cannot control bitcoin, they will find a way to prevent their citizens from using it, if citizens use bitcoin then they will lose power. Currently, the government can only control our activities through centralized exchanges.

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July 08, 2022, 12:11:17 PM
 #25

Paper money is a country's official fiat that is circulated for the transaction of goods and services. It's emergence in the US dates back to 1690 https://www.google.com/url?q=https://www.investopedia.com/ask/answers/09/paper-money-usa.asp&sa=U&ved=2ahUKEwjcldGcieH4AhXaS0EAHX9AC0QQFXoECAQQAg&usg=AOvVaw3OU2oUH8VxEOCtN21yemS6  and was used to represent bills of credit and IOUs.
 Paper currency is cheap to produce and also easy to use but can be fragile and subject to loss in value due to inflation and change in public opinion.
 July 4th, or the fourth of July, 2022 marks the US 246th independence in 1776, and admist the pop and fun fare, it is noteworthy to include the important role BTC has played in helping citizens to gain monetary independence from their local Fiat.
Thomas Jefferson gave the best illustration of paper money in his quote and I've never agreed better.
   "paper is poverty, that it is the ghost
of money, and not the money itself"
Thomas Jefferson
By saving in BTC and holding private keys, you become liberated from the flawed financial system of a country. It has proven severally of possessing the ability to bring about freedom. Many argue that it has no use case and no value but in Afghanistan, women have been using it to build financial freedom, and this a place where women are banned from doing so with normal Fiat.
 In a recent incidence where the head of State of a country tried locking down accounts of peaceful protesters in a bid to scatter the protest failed due to Bitcoin crowdfunding, his efforts were  beaten. In essence, BTC is the ideal hedge against tyranny. https://bitcoinmagazine.com/culture/on-july-4th-use-bitcoin-and-protect-freedom.

Fiate money may have it's obvious limitations including that of overall control by the government but it's role in certain areas where BTC can't penetrate can't be overlooked. Both BTC and Fiat money has their places of significance hitherto freedom
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July 09, 2022, 11:24:42 AM
 #26

Paper money is a country's official fiat that is circulated for the transaction of goods and services. It's emergence in the US dates back to 1690 https://www.google.com/url?q=https://www.investopedia.com/ask/answers/09/paper-money-usa.asp&sa=U&ved=2ahUKEwjcldGcieH4AhXaS0EAHX9AC0QQFXoECAQQAg&usg=AOvVaw3OU2oUH8VxEOCtN21yemS6  and was used to represent bills of credit and IOUs.
 Paper currency is cheap to produce and also easy to use but can be fragile and subject to loss in value due to inflation and change in public opinion.
 July 4th, or the fourth of July, 2022 marks the US 246th independence in 1776, and admist the pop and fun fare, it is noteworthy to include the important role BTC has played in helping citizens to gain monetary independence from their local Fiat.
Thomas Jefferson gave the best illustration of paper money in his quote and I've never agreed better.
   "paper is poverty, that it is the ghost
of money, and not the money itself"
Thomas Jefferson
By saving in BTC and holding private keys, you become liberated from the flawed financial system of a country. It has proven severally of possessing the ability to bring about freedom. Many argue that it has no use case and no value but in Afghanistan, women have been using it to build financial freedom, and this a place where women are banned from doing so with normal Fiat.
 In a recent incidence where the head of State of a country tried locking down accounts of peaceful protesters in a bid to scatter the protest failed due to Bitcoin crowdfunding, his efforts were  beaten. In essence, BTC is the ideal hedge against tyranny. https://bitcoinmagazine.com/culture/on-july-4th-use-bitcoin-and-protect-freedom.

Fiate money may have it's obvious limitations including that of overall control by the government but it's role in certain areas where BTC can't penetrate can't be overlooked. Both BTC and Fiat money has their places of significance hitherto freedom

I agree with you.
I think it's obvious that the vast majority of people view bitcoin as an investment, not as money to pay their bills.
We all want to achieve financial freedom and we see bitcoin as a means to that end.
I believe most people keep their bitcoin funds safe and don't want to spend them but wait for the price to increase to sell them.
In fact, bitcoin has given an opportunity to ordinary, small people, to trade, buy and sell on the stock market and achieve their financial goals.
The issue of financial regulation and legal protection remains unresolved for now.
Fiat money, however, remains a regular means of payment for our needs, and that will not change.



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July 10, 2022, 08:37:57 AM
 #27

you know that without tokens being created cryptocurrency won't have being valuable and bitcoin won't have be widespread.

I think even on the contrary, those kind of tokens are created to lure new people into fraudulent schemes and in the end they end up pitifully. The service behind it just rides bitcoin's fame and manages as if they still adhere to "financial freedom" principles.

For many times bitcoin has become the scapegoat for the evils of this kind of token scheme. I think it just spreads the image of bitcoin badly.
The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors

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July 10, 2022, 09:40:05 AM
 #28

The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors
You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.

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July 10, 2022, 05:46:43 PM
 #29

You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.
People with these characteristics will only get a loss, because they never learn from what has been done. Experiencing a lot of losses on shitcoin and then moving to bitcoin, but they are also not vigilant and don't know how cryptocurrencies work, so they fall into the trap of scammers. Of course they will continue to think anything related to crypto is a scam.
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July 10, 2022, 06:13:58 PM
 #30

The more people get scammed with fake projects and tokens the more the see the reliability of Bitcoin. Some people who get lured into fraudulent scheme are only attracted to their own self centered greed. Tokens created comes with lots of promissory ROI but when the tumble and crash it tells bad on the crypto market but for Bitcoin with it's secured and useful attributes no matter how bad the project crypto it's monetary advantage still attracts investors
You're wrong, when they're get scammed with shitcoins, they will try to diversify their portfolio to many shitcoins project in order to minimize their risk to get scammed once. Sometime they're lucky, but sometime even they're still lose since the gain can't cover the other losses.

Even few people might move to Bitcoin, but when they used unknown centralized exchanges or bitcoin doubler and get scammed again, they will say any coins including Bitcoin are scam lol. They're just invest like a gambling and doesn't want to learn.
you are right, because when you peruse to this coins people get scammed to, many of them are the species of altcoins and directly shitcoins. When we make that clause of diversification of portfolio it's not necessarily means a coin that have no potential in it, why people is directly and consciously extending the investment to shitcoins is order to make profit. But sometimes it backfired because many shitcoins is mainly scam project.

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