How we lived when we had no choice until Bitcoin came

[Zilon]

Over time what ever we owned was been accounted for, If we invest in landed properties we are given government issued documents to seal our ownership, if we wanted to invest in gold or any other precious metal it will require us having a sort of ID that permits the buyer and seller to operate legally. Everything we could ever own is subject to close monitoring. It can as well said to be safe guarded by this same systems.

Those who didn't want to account for their properties went through the back doors and yet their investments were vulnerable to all sorts of attacks, which included confiscation, theft, oppression even loss due to lack of document to claim ownership. To stand a chance of having your properties safe and secure means having to trust the government. While this might not be a bad idea but what if this properties get seized, what if this properties get confiscated, what if along the line one is denied access to their properties.




Some offence might warrant search operatives to visit homes of the suspects to ensure the confiscate all their valuable properties. This is where the importance of owning Bitcoin comes into play. It can come in very useful in times like this. No one ever prays for bad events to occur but most of this things happens and sometimes the suspects might be tried and later discovered to be innocent but how about the moments of hardship they encountered while the trial was ongoing.
 
Since the invention of Bitcoin we have seen it as an investment option, a p2p transaction mechanism, a means of making anonymous donations and lots more. Now looking at it from the perspective of making anonymous savings incase of unplanned circumstance. Some times this circumstance can come in the form of set up or envy just to pull a fellow down.

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[tranthidung]

I love the magic technology Bitcoin is built on and many advantages it gives us but I disagree to make any exaggeration about it. Because it will make people hate Bitcoin more.

Imagine you are doing something like Behaviour Change Communication (BCC) in order to change some people from don't like Bitcoin to like it and use it, you don't need such exaggeration which potentially results in more side effects.

The world spinned before Bitcoin Genesis block and we existed before that block so Bitcoin only gives us another option to choose in our lives. It can be magic, good or nothing depends on each person perspective.

[Ucy]

Well,that method of record keeping for asset ownership is important but it creates another problem, which is, it could be abused by government or those you trust to manage things for you . So, the question would be "how do we have this records tied to their real owners without the abuse or trusting the government with them"?. That's part of the reasons Satoshi invented Bitcoin, a Decentralized System that  keeps an immutable record of transactions and ownership in a transparent ledger. It keeps chains of records that prove ownership & transfers by owners. Having a private key to your assets with possible signature, could be enough to prove your ownership or who the original owner was and whether he/she consented to the transfer of the assets/bitcoins to the new owner. I think we could have some sort of Transfer Consent that's easy to use and signed by the owner, like it's done in Physical World

Another advantage of the Bitcoin method of record keeping is that monitoring of the asset transfers is possible due to its transparency, without revealing the identity of Bitcoin owners due to its anonymity/privacy feature. Some would say that the anonymity/privacy  feature can be broken/abused...well, what do we have the law enforcement people for? Isn't it to enforce the law and punish the law breakers? If the anonymity/privacy is abuse or broken the responsibility of law enforcement lies in the hands of law enforcement agencies.... So, the responsible ones would have to do their job. By the way, it's important to always use Bitcoin properly to reduce the likelihood of your anonymity/privacy getting abused or violated.

So, Bitcoin solves the problem really well. We can continue to build better record system from its foundation.

[OgNasty]

One of the ways that I've been able to talk older folks into purchasing Bitcoin is to explain to them the problems with central banking.  I give evidence that central banking is the cause of most of our current war problems.  I show them how the government prints money by issuing debt that they will never be able to repay.  I tell them about the crooked things politicians do to stay in power and that the WEF wants us to all have nothing and be happy.  This almost always leads to a single statement by them...

"But what can I do about it?"

The answer.  Buy Bitcoin.

[so98nn]

Well at some point you need a validator or at least middle entity so that ownership can be proven. Now obviously it was initially documented because that’s the most solid proof with all the stamps and agreements, along with lawyer as eye witness in many high class deals.

I don’t think there is any big change in the bitcoin technology. Per se blockchain is locker where all the important stuff is locked up forever while all the public computers are validators or lawyers or middle entities witnessing the data for validating. Proving that I own it or you own it.

Former is traditional and let’s consider blockchain as the modernise one.

[mendace]

Unfortunately I add to your hypothesis that while we don't realize it we are giving our data every day to private agencies or state bodies that could persecute you tomorrow if laws or ideas change.  Trivially you could visit websites today or subscribe to services that could be "inconvenient" in the future and therefore could report you in a register.  It's just my thoughts but I prefer to keep my privacy.

[mv1986]

I definitely remember that banks realized they had to change something about their operations after seeing that Bitcoin doesn't disappear for a couple of years. In the early days it was not possible to make a transaction and hope for it to arrive the next day. It took several days even domestically, abroad was a nightmare and sending it to another continent was the ultimate catastrophe. The concept of being able to send value 24/7 on every single day was a great value proposition. It became a bit harder later on because of the fees and network congestion, but still banks knew that development might not stop and this thing could become a threat to their transaction revenues. Today the banks are much faster and provide services like instant transactions. This is just one practical example how Bitcoin represented a great alternative to back then existing payment methods.

[Baofeng]

Gonna be hard to imagine our lives today and majority of us here without Bitcoin. Just imagine the early birds or early adopters who began so rich because of their investments when it was just like < $100k. Me, I'm not an early investors but I have seen the bull run and bearish market so come to the conclusion that it is one of the best investment that I did since 2017. However, it's not that anonymous though, I mean we all know that bitcoin addresses doesn't have a name, but now almost all services that relates to it has KYC already. But I guess it won't deter us from going full bitcoin mode in the next years or so because we know that the chances are high to get big profits like every 4 years by simply buying and HODLing and waiting for the bull run to happen.

[kamvreto]

Problems that occur in investments in land, property, gold, etc. that are supervised by the government usually have a reason. However, as a good citizen, you must obey and comply with the rules that have been made regarding the investment that you have. But some of these violations on average do not happen to people who are obedient and obedient to the rules. Every investment has a risk, both Bitcoin also has a risk of loss. Bitcoin is becoming a Digital investment option that provides good returns in the long term. The risk is quite high because of volatility, it provides many benefits if used properly. It's up to the user whether you want to be anonymous with Bitcoin, or own some government regulated investment. having both is certainly good.

[Dr.Bitcoin_Strange]

According to the facts you have provided, the truth is that most people are still living in the traditional way, either because they are unaware of Bitcoin, Bitcoin is illegal in their country, or they do not believe in Bitcoin. So here's the thing: how most people lived before Bitcoin was developed and how they are still living now make no difference. Centralized organizations and companies are still the major source of some people's investment.

I also tend to always tell people around me about Bitcoin, should they not be aware of it (just as OGNasty stated). I think some people are not yet aware of Bitcoin, and we could talk them into it to help them.

[GreatArkansas]

Another thing that I learned when I started to be introduced to Bitcoin is to become wise when it comes to spending money.
I become financially literate and I started to become knowledgeable on our current financial system, like how money really works right now.
It's not only all Bitcoin but you will slowly understand how the system works.

[crunck]

I love the magic technology Bitcoin is built on and many advantages it gives us but I disagree to make any exaggeration about it. Because it will make people hate Bitcoin more.

Imagine you are doing something like Behaviour Change Communication (BCC) in order to change some people from don't like Bitcoin to like it and use it, you don't need such exaggeration which potentially results in more side effects.

The world spinned before Bitcoin Genesis block and we existed before that block so Bitcoin only gives us another option to choose in our lives. It can be magic, good or nothing depends on each person perspective.

Thank you for giving a realistic view of bitcoin, many people are exaggerating articles about bitcoin, and I suspect that they are looking for merit rather than what they want to convey. Bitcoin is really good but it's not perfect, it and banks, governments, fiat money... all have their pros and cons. Bitcoin is also just a financial instrument, and whether it is good or bad is due to human behavior. As well as governments that accuse bitcoin of serving criminals, launder money and have difficulty tracing criminals. In this case, bitcoin is not as good as we think.

[BenCodie]

Great post. I wonder what kind of world we would live in if Bitcoin or any similar technology never came about. I believe that we would undoubtedly be oppressed, the world (or at least, most parts of it) would well and truly be a copy from 1984/a globalized Orwellian society and we would consider ourselves in dystopia by this point.

Thank you nature and the unknown forces, for Bitcoin

[Darker45]

There's nothing wrong when property rights are strictly enforced. There may be unintended consequences in making sure that ownership is made clear, but it is certainly good rather than bad. I don't actually find any problem when titles or certificates are issued signifying our ownership over certain properties. Although it is also self-serving for the government because that would also be used for tax purposes, the fact is that it legally protects the properties of people.

As a matter of fact, I think it's about time that Bitcoin is also given the same benefit.

[Die_empty]

Great post. I wonder what kind of world we would live in if Bitcoin or any similar technology never came about. I believe that we would undoubtedly be oppressed, the world (or at least, most parts of it) would well and truly be a copy from 1984/a globalized Orwellian society and we would consider ourselves in dystopia by this point.

Thank you nature and the unknown forces, for Bitcoin

Before you cannot live a secret life where nobody knows how much you are worth. A banker knows your bank account and can easily know when you withdraw your funds. I have always dreamed of a world where nobody will know about my financial standings so that I can freely walk on the road without fear of being chased or watched by criminals. Even if I have a billion dollars I want to work on the street of my location without security. And bitcoin has made my dream come through. The privacy, decentralization, and quasi-anonymous nature of bitcoin is my biggest motivation for embracing the coin.

[Jawhead999]

Before you cannot live a secret life where nobody knows how much you are worth. A banker knows your bank account and can easily know when you withdraw your funds. I have always dreamed of a world where nobody will know about my financial standings so that I can freely walk on the road without fear of being chased or watched by criminals. Even if I have a billion dollars I want to work on the street of my location without security. And bitcoin has made my dream come through. The privacy, decentralization, and quasi-anonymous nature of bitcoin is my biggest motivation for embracing the coin.

If you only have a problem about the banker knows how much your wealth, the same happen centralized exchange know how much your worth even though you've not transferred all of your coins, they can still track your original address and knows how much the coins you hold.

A criminal doesn't only look how much your wealth, but they can assume any people who work on the street at least have decent money, it depends on your clothes and what you wear.

Only using Bitcoin and not following other proper ways to increase your privacy aren't make your wealth anonymous.

[Bananington]

Since the invention of Bitcoin we have seen it as an investment option, a p2p transaction mechanism, a means of making anonymous donations and lots more. Now looking at it from the perspective of making anonymous savings incase of unplanned circumstance. Some times this circumstance can come in the form of set up or envy just to pull a fellow down.

This why it is also important that you do not discuss bitcoin and let everyone know that you use bitcoins so if it becomes the circumstance where it is a set up or envy to pull you down, they will have no idea about your bitcoins that you are quietly keeping. We should be careful of the people around us because not everyone means us well. Be observant and watch the company you keep. Physically everyone who know about the benefit of bitcoin cannot all be involved in the promotion of bitcoins because we are not all in the environment. In some places you can be at risk f people know that you have such a thing as that or you are doing well and they know that bitcoin investment is helping you.