Big companies will never let you have the financial freedom

[m2017]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

~snip

https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Have you ever doubted that big companies pursue only their own mercantile interests? The same Paypal is a commercial organization whose activity is aimed at one thing only, namely, obtaining all possible maximum profit. Paypal was not created to think about the general public, it is not a public organization whose leaders think only about making their users feel comfortable and well. Of course, all their efforts are aimed at controlling their users, not necessarily in the literal sense, but controlling their money. Which, in general, in the modern world gives very great opportunities for big companies (including government bodies) in trampling people's freedoms. These companies have always been ready to sacrifice the interests of their users for the sake of their own and morality is alien to them. Don't be naive and don't expect it. They are not your friends.

Whatever company issues stablecoins,altcoins or its own cryptocurrency, there will be this function of freezing funds everywhere. If you want financial freedom - use bitcoin. There is no other option and will not be.

[Jatiluhung]

Actually this case can not only happen to stable coins owned by PayPal. But in more altcoins we are actually used to this. Because until now, only Bitcoin is truly decentralized. That is why bitcoin adoption has never stopped growing. Because more and more people are realizing that only in bitcoin can we find freedom in owning assets.

But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.
But I don't want to deny that by making a stable coin on paypal it will help the growth of crypto adoption to be faster.

[Iroh]

Owning a shitty small business is a lot better than working for someone else. That shitty small business may become big in the future but your paychecks will stay small forever.

It isn’t easy to startup and successfully run a business but it’s definitely worth it. Being employed and working for someone else, you invest your time, knowledge and skills in growing and managing someone else’s business/investments. All your efforts and hard work towards growing another person’s business would then be rewarded with just enough to foot your bills pending the next paycheck.
Running your own business no matter how small and shitty is a lot better. You don’t have to worry about ever getting laid off and if you work and persevere hard enough, the small shitty business would grow and expand and soon, you would have people working to help grow and manage your own investments.

[Ayers]

But I don't want to deny that by making a stable coin on paypal it will help the growth of crypto adoption to be faster.

Why does creating a stable coin from a company like Paypal help the crypto market grow faster? What does this have to do with the growth of cryptocurrency adoption? Just like governments creating CBDCs, I don't see any positive impact on crypto industry. What I see from Paypal making stablecoin is for profit, there is no 2nd reason for them to do that.

Consider the profit that Tether announced for the second quarter of $850 million, which means they make an average of $283 million in profit per month. From there, you can see how profitable a stablecoin business can be. Since Paypal use the ETH network, it can be said that ETH will be the biggest beneficiary, not the crypto market.

[noorman0]

-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

[summonerrk]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.


https://twitter.com/BitcoinNewsCom/status/1688665649642397696

Well, of course they will do so.
All financial corporations in our world rely on the fact that we work with manual and mental labor, and they are intermediaries who benefit out of the blue. Someone has to work hard, we all can't just sit and get rich. Therefore, it is in the interests of financial institutions and banks that we do not get financial freedom, but live in a world that has developed for centuries. At the same time, all these financiers get their benefits by speculating with bitcoin. No matter how much they are afraid of him, but he is also an excellent means of earning money for them, especially with their capital.

The bankers have claimed for centuries that without them the world economy will not work, and they charge huge fees for their services enriching themselves by simply enabling one person to make a transaction with another.

Bitcoin from one day to the other make them obsolete, and this is why they are trying their best so it does not become popular as they know that if it does then a great deal of the free money they get will simply dry up, and then they will have to compete and work like the rest of the population of the world.

There is no better place in our world in economic relations than to be an intermediary. For example, a bank, if we talk about a traditional economic system.
Or a boonmaker with a betting.
Casino and games.
Exchange and trading.
And all because you don't have to make decisions, you just sit as if with a net spread out and get the fish. The difficulty is only in the initial organization of the site. The mediator does not know what the course will be tomorrow, or what the result of the match will be, and he does not care. He will get his profit anyway.

That's why it's the best place in the financial world.

[fauzan Ichsan]

-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

every system development, of course, has positives and negatives from that system, sometimes people are more comfortable using the conventional method because it has been done for a long time, and when a new system emerges, they are reluctant to leave their comfort zone when replaced with the new system, so many of them oppose and look for weaknesses in a system, even though if used properly it will be able to help the development of the business they are running

[dothebeats]

-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.

Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry.

If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side.

every system development, of course, has positives and negatives from that system, sometimes people are more comfortable using the conventional method because it has been done for a long time, and when a new system emerges, they are reluctant to leave their comfort zone when replaced with the new system, so many of them oppose and look for weaknesses in a system, even though if used properly it will be able to help the development of the business they are running

Of course, there is the risk factor after all. The risk of not knowing the system and being clueless as to what it does and may do affects the reaction or initial feedback of the people. More specifically when it comes to financial aspects, you cannot expect people to just go out of their comfort zone and risk their hard-earned money for something they are clueless about. In most occasions, the general public would prefer an already established system rather than a new innovative one due to trust. Perhaps if the systems gets more and more good feedbacks then maybe more people will try and risk it.

[Bloodseekers]

It's not actually the big companies that are purveyors of financial restrictions. They do so at the behest of the government. A company's best interest is to adhere to consumers' interest. If there's incongruence in what a company provides and what a consumer expects, the consumer will go to a competitor. It's how a capitalistic market operates.

With Paypal's stablecoin, I imagine if they wanted to operate within certain jurisdictions, they would have been required to hold centralization powers to the extent they could freeze user funds if compelled by the government. I know Paypal will freeze user funds for arbitrary reasons so they can forfeit the balance and profit from it as well. I view stablecoins as extensions of the government, just operated by private companies. Similar to CBDC's, in a way.

The financial freedom will not be allowed by the the Big companies because they will made their employee depended to them.So the employee will not think outside to their company and totally depend on the company salary for the monthly EMI.The monthly Emi will be the biggest burden to the working people on every month and their monthly bills.So the freelancer will be escape from all of this burden and doesn't buy product based on the monthly income.So freelancer are more financially independent to the company employees.

Yes, it's true that all companies, of course, will never give their employees financial freedom so that all employees still have to depend on the company they work for. You are right that some people who work for companies have their monthly bills because they buy products on credit, and freelancers can buy them according to their ability to work.

[Farma]

we know that large companies will need human resources continuously. However, in terms of financial freedom, we can achieve it by owning a business or income from what we have built. i think the concept is different when we have money in paypal, stable coin, or even altcoin then it is frozen. In principle, financial freedom will still give us income that exceeds our needs every month or every certain time.
If we're worried about the asset freeze system, then what we need to do is use online assets just to increase the amount, then we need to invest in real estate, or gold, or something else in the real world.

[JeffBrad12]

considering the massive population of human nowadays that the competition is so difficult simply eliminates this reasoning, big companies aren't lacking of workforce I guess, nowadays everything leans more towards consumerism which makes many consumtive, the existence of many latest technology that kept on increase in term of price over the course of the year already make people have no choice but to keep working.
i guess its just that earning that much of money to accomplish your financial target is definitely difficult, everyone trying to succeed at that, but only very few percentage of them spared to have such luxury.
the rest will fail, thats just how it is.

[Finestream]

You don't need to use paypal, stablecoins or crypto just to achieve financial freedom, because those are just tools and not ways to achieve financial freedom. If companies like that do their own will which can harm us then leave and never use their services because all institutions have the right to do what they think is necessary to do because they are centralized.
Bitcoin is enough to cover our online transactions if using Paypal is for online transactions, so financial freedom is the way we achieve it, not given by these big companies.

Exactly. If your focus is to gain financial freedom, then never resort on using centralized ones but focus on decentralized exchanges. That way, your finances will never be access by any third party as you have all the control on your account.

By the way, I cannot tell exactly what’s word to replace financial freedom here but I think you are using this term at a different point of view. Just my thought.

[carlfebz2]

You don't need to use paypal, stablecoins or crypto just to achieve financial freedom, because those are just tools and not ways to achieve financial freedom. If companies like that do their own will which can harm us then leave and never use their services because all institutions have the right to do what they think is necessary to do because they are centralized.
Bitcoin is enough to cover our online transactions if using Paypal is for online transactions, so financial freedom is the way we achieve it, not given by these big companies.

Exactly. If your focus is to gain financial freedom, then never resort on using centralized ones but focus on decentralized exchanges. That way, your finances will never be access by any third party as you have all the control on your account.

By the way, I cannot tell exactly what’s word to replace financial freedom here but I think you are using this term at a different point of view. Just my thought.

Whether we do like it or not but still centralized exchange would never cease to exist, they would be always be that part of the market.For this decentralized aspect of cryptocurrencies existence on which it would

really be just that normal that there would be other side of things that would co-exist like these centralize companies. It would be not shocking that they would really be that heavily regulated knowing that they do get in line with government rules and conditions which we know that it would really be that typical.It is really just that good that we do have at least some options for us to take and have that kind of selection
which we could really go opposing about centralization. Its still that good that we could really be having options on which one we would really be choosing.

For companies like Paypal then it is really that been widely known to be centralized and creating some stablecoins and have the ability on freezing or reverting transactions?
These things arent something new.

[justdimin]

Big companies and the government certainly won't allow us to be able to get financial freedom because when we do get it it will be a loss for them. Therefore, there is no need to be surprised that big companies cooperate with the government to be able to smoothen their business and force the government to regulate various things which will benefit them and this will restrain us. Even big companies also play dirty practices to be able to make products like Bitcoin or any products that threaten them to look ugly in the public eye, so that people prefer to use the products they launch.

I think not all of them are like that. Like for example, some governments will still allow crypto to be adopted by their citizens. If people choose the decentralized ones, this will give them a financial freedom. Then not all companies which has a centralized coin are freezing their costumer's account or do something shady except only if they have done something wrong or illegal.

It won't still be a loss for them because there are still people who continue using fiats. If only they will have a proper service, people will be glad about them and they can get more customers. They can't control Bitcoin or they simply want to create their own crypto but no one is forced to use them.

[alastantiger]

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

They are control freaks. PayPal doesn't have a good reputation since they began their campaign to fine their customers who speak against their policy or something. Terrible company. I predict that we would see them too do something like applying for an ETF their own version in the payment space so that they not only have control over users of their stable coins but user who use Bitcoin on their platform. It is safe to use them for a quick transaction but never leave your money there. PayPal is all they can to buy back the goodwill of the public because they already have a terrible rep. Avoid PayPal stable coin, avoid altcoins, memecoins. They are not good for your mental health.

[slapper]

Big companies and the government certainly won't allow us to be able to get financial freedom because when we do get it it will be a loss for them. Therefore, there is no need to be surprised that big companies cooperate with the government to be able to smoothen their business and force the government to regulate various things which will benefit them and this will restrain us. Even big companies also play dirty practices to be able to make products like Bitcoin or any products that threaten them to look ugly in the public eye, so that people prefer to use the products they launch.

I think not all of them are like that. Like for example, some governments will still allow crypto to be adopted by their citizens. If people choose the decentralized ones, this will give them a financial freedom. Then not all companies which has a centralized coin are freezing their costumer's account or do something shady except only if they have done something wrong or illegal.

It won't still be a loss for them because there are still people who continue using fiats. If only they will have a proper service, people will be glad about them and they can get more customers. They can't control Bitcoin or they simply want to create their own crypto but no one is forced to use them.

Yes, some countries may let people use cryptocurrencies, but this is just a smokescreen. You see, they hope to get a mile by giving an inch. Decentralization and freedom with money? Thank you. Its a tempting trick given on a silver platter. Most people dont know whats going on, and they live in the hope that digital currencies will free them from oppressive banking systems.

Coins that are controlled by corporations? Again, a trick. The idea that companies would do whats best for their customers is so stupid its funny. Even if they dont freeze accounts or do openly shady things, there is always the chance that they could be manipulated.

Your hope that fiat money will still be used is good, but its wrong. Service done right? More clients? They could care less. Power and control are the real goals here, not making the customer happy. And as for Bitcoin, you can be sure that they will control it as soon as they figure out how. Independence is a dream in this day and age.

[dothebeats]

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

They are control freaks. PayPal doesn't have a good reputation since they began their campaign to fine their customers who speak against their policy or something. Terrible company. I predict that we would see them too do something like applying for an ETF their own version in the payment space so that they not only have control over users of their stable coins but user who use Bitcoin on their platform. It is safe to use them for a quick transaction but never leave your money there. PayPal is all they can to buy back the goodwill of the public because they already have a terrible rep. Avoid PayPal stable coin, avoid altcoins, memecoins. They are not good for your mental health.

I have been reading a lot of negative feedback for PayPal but I didn't think it will be this bad. Seriously, they want to control our money and assets so bad it is ridiculous at this point. I also saw some posts on social media that PayPal either takes down negative posts about that regarding bad user experience or sometimes they are being sent emails regarding legal actions. It is obnoxious. I mean, agree to disagree but none of those negative statements will even be made if they have a good policy and safe user experience. Honestly, I agree with you, avoid PayPal stable coin, altcoins and the likes.

[wxa7115]

The bankers have claimed for centuries that without them the world economy will not work, and they charge huge fees for their services enriching themselves by simply enabling one person to make a transaction with another.

Bitcoin from one day to the other make them obsolete, and this is why they are trying their best so it does not become popular as they know that if it does then a great deal of the free money they get will simply dry up, and then they will have to compete and work like the rest of the population of the world.

There is no better place in our world in economic relations than to be an intermediary. For example, a bank, if we talk about a traditional economic system.
Or a boonmaker with a betting.
Casino and games.
Exchange and trading.
And all because you don't have to make decisions, you just sit as if with a net spread out and get the fish. The difficulty is only in the initial organization of the site. The mediator does not know what the course will be tomorrow, or what the result of the match will be, and he does not care. He will get his profit anyway.

That's why it's the best place in the financial world.

Correct, which is why we must eliminate the middle man and if impossible at least we should reduce the number of intermediaries that exist, as instead of becoming a bridge that helps customers and services to satisfy the needs of each other, they have become an element that hinders them as they keep most of the profits to themselves.

So it is not surprising that historically when profits move from the real economy to financial institutions like banks the economy collapses, a scenario that we are watching unfold at the moment as well.

[Mauser]

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

Unfortunately it's true, companies and governments will always think first about themselves and not about the people. There is no money to be made of financial independent people, because they are free and don't rely anymore on the expensive infrastructure offered by the companies. The same goes for governments, they don't want us to be free because they can't make sure that we pay our taxes. Giving up control over the finances of others is not going to happen easily. Only when the majority of voters would demand it I could see the system change, however in the current world that doesn't seem very likely. So for now there is no way around the fiat money system. Even someone who only deals in bitcoins will have to pay his taxes and public fees in fiat money. The best argument for change would be to get more than 50% of the population to start dealing in crypto currencies.

[Pamadar]

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

They are control freaks. PayPal doesn't have a good reputation since they began their campaign to fine their customers who speak against their policy or something. Terrible company. I predict that we would see them too do something like applying for an ETF their own version in the payment space so that they not only have control over users of their stable coins but user who use Bitcoin on their platform. It is safe to use them for a quick transaction but never leave your money there. PayPal is all they can to buy back the goodwill of the public because they already have a terrible rep. Avoid PayPal stable coin, avoid altcoins, memecoins. They are not good for your mental health.

I have been reading a lot of negative feedback for PayPal but I didn't think it will be this bad. Seriously, they want to control our money and assets so bad it is ridiculous at this point. I also saw some posts on social media that PayPal either takes down negative posts about that regarding bad user experience or sometimes they are being sent emails regarding legal actions. It is obnoxious. I mean, agree to disagree but none of those negative statements will even be made if they have a good policy and safe user experience. Honestly, I agree with you, avoid PayPal stable coin, altcoins and the likes.

Same with both of you, the statement of avoiding something if you don't trust it should be applied, in terms of PayPal, those negative feedbacks regarding to their User and Agreements.

There are many complain especially those who got stuck with their money, easy and good
if you are not being victimized by payment, hold or restriction, but if you suffer from it
the chance that you really going to regret using the service will definitely will stick to you.