Big companies will never let you have the financial freedom

[UmerIdrees]

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

[1714960262]

1714960262

[1714960262]

1714960262

[1714960262]

1714960262

[1714960262]

1714960262

[1714960262]

1714960262

[1714960262]

1714960262

[Dr.Bitcoin_Strange]

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.¹

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.

Are you still learning this for the first time? Isn't that what it has always been with centralised organisations? Banks, financial institutions, centralised exchanges, etc.—all they do is monitor your transactions any time they feel the need to do so, and they can still free their coin or token because it's their native token and they created it, so they can do anything with it. This is not a new thing; people know about it.


Even with the Altcoins you mentioned, any project can just come up with the idea of freezing their token, and once they do so, you cannot even withdraw or trade those tokens. At such a point, those coins can become useless, and the investors assets will just disappear gradually as the token losses liquidity.

[Afnan_faizah]

bitcoin always become the best choice for virtual transaction, it's provide many advantages for us including freedom. bitcoin is the only one cryptocurrency that I trust, I put most of my investment fund in it. big companies or government should have limitation on its power, so they do not act arbitrarily . they should stop to consider human as resources, but greedy people only care about what can they get and how much they can get.

[Patrol69]

Big companies or government institutions will never think about your benefits, big companies or government institutions will think how to improve their business depending on people or employees. Various private companies or government institutions will never give you financial freedom, to get financial freedom you must be associated with Bitcoin because only Bitcoin will give you financial freedom. At the moment ALT coins in the market cannot be relied on much because these coins tend to disappear from the market so at the moment Bitcoin is the most reliable platform. Investing in Bitcoin will give you financial freedom as well as ensure substantial security of money.

[noorman0]

I think you are talking about a completely different context of "financial freedom". USDT and other stablecoins are regulated entities and forms of implementation are more sophisticated than the banking system which is ready at any time to "steal" legally the wealth you have stored, and that imo does not concern one's overall economic condition.

Financial freedom depends more on personal ability to achieve it than external factors.

[wxa7115]

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.

Other stable coins also have similar code which allow them to freeze your coins if they want, so this is nothing really new and it could be said to be the standard when it comes to those coins.

Now it is true that centralized institutions want nothing more but for their power to increase and for their power to become more centralized on them as the focus point, but this is not new either, the problem is that they want to destroy the very few venues we have in which we can exercise our freedoms, and bitcoin is at the top of the list of the projects they want to destroy.

[Strongkored]

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.

[yhiaali3]

Not only Paypal stablecoin can freeze funds at any time but any centralized cryptocurrency can do that, even the most popular stablecoin USDT can freeze your funds and ban you anytime without any reason.

So I wasn't too happy when I heard the news that Paypal is launching its stablecoin PYUSD because it will further deepen the centralization that governments love.

The only fully decentralized coin with the highest reliability is Bitcoin without a competitor.

[Sim_card]

Government, financial institutions and big companies don't care about their customers interest but they are after their business to make profit. That's why you see that they come up with fake project to scam their customers. OR they put some conditions to favour themselves so that they van freeze customers funds and turn it to theirs. All these altcoins can do the same because it is a centralized one. This is one of the reason that makes me not to invest in any centralized platform to avoid such. Bitcoin is the only decentralized project that you can have your freedom to use your bitcoin and there is no rules and regulations that will deprive you access to your coins in your noncustodial wallet.

[michellee]

Just leave the big companies alone if they won't give us financial freedom. But we already have it by knowing and using Bitcoin. With Bitcoin, we can have it. So there's no need to worry if big companies keep blocking us from having financial freedom.

We can look for coins other than Bitcoin to save money, but saving Bitcoin is better than saving other coins. And we also don't need to save money in Paypal's stablecoin, especially with that tweet. That proves we have to be really responsible with the crypto we have.

So keep as much Bitcoin as possible, don't tell anyone you have Bitcoin. There will come a time when governments will realize that their citizens need financial freedom and they won't be able to stop it. And when Bitcoiners can do that, we can get financial freedom. Just HODL and sell when you are profitable

[Poker Player]

How shocking, eh?

I don't know if you have stopped to think about the fact that you are only presenting the consumer's point of view. Of course, if you are a consumer, companies are not even going to think about your financial freedom.

Become an investor in those companies, or create one, and see if things change.

I am talking about companies in general, not only in the crypto world. The example you give of the Paypal stablecoin does not surprise me, a centralizedshitcoin and that they can freeze. What you should not do is to use it.

[YUriy1991]

Yes, BTC is not an illusion.

We admit crypto trading using Tether, the largest stablecoin, accounts for almost half of all trades on crypto asset trading platforms. But if things like Paypal happen, that's a fundamental weakness point. if they do so and it quickly collapses as the irrational excitement subsides. Therefore, we must focus and never get attracted easily. Currently, there are still many investors who are inexperienced and maintain financial system stability. Many invest without understanding what they are buying.

[dothebeats]

Yes, BTC is not an illusion.

We admit crypto trading using Tether, the largest stablecoin, accounts for almost half of all trades on crypto asset trading platforms. But if things like Paypal happen, that's a fundamental weakness point. if they do so and it quickly collapses as the irrational excitement subsides. Therefore, we must focus and never get attracted easily. Currently, there are still many investors who are inexperienced and maintain financial system stability. Many invest without understanding what they are buying.

This happens a lot. People discover investing and heard how it can make profit and the next opportunity they see to invest they will mindlessly grab it, even without knowing just what they bought or invested in. People tend to go blind and just mindlessly dive into something they are clueless about just for money. Hence, it should be greatly emphasized how important research is, as well as asking for second thoughts and advice from those who are already knowledgeable in the field.

[NotATether]

Big companies really just care about selling their products or subscriptions, so their intrusion into your financial freedom is actually fairly limited (unless you spend your money badly).

But Paypal, on the other hand.... they manage your money for you, so they can do basically whatever they want with it. So don't store your money with Paypal, if you have a shred of self-sovereignty. It's mainly intended for people who keep falling for bad sellers and need a refund.

[ZAINmalik75]

You have pointed out a great issue but that's not something new about we don't know. All the traditional companies or digital companies are connected to banks directly or indirectly. This means banks are the main medium through which they transfer there funds. But to adopt Blockchain technology like the CBDC or FedNow service. where instant transaction and full support etc. features are shown like that's all we need. In reality, most of the people are happy to find such tools.

But they don't know that such companies are made to control you so that you guys don't turn to BTC or other decentralized systems where we could gain financial freedom. But those who know the reality behind such companies must have to spread awareness among others. Because that's how there main motive of using Blockchain technology to lure people into thinking that it's same as BTC blockchain but it is not.

[retreat]

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.

[Lucius]

~snip~
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.

You sound disappointed as if you just realized this (although I hope that's not the case), but the system has always looked at ordinary people as consumables, whether you consider the Middle Ages or the period 100 years ago or what we have today. Financial independence would be a complete disaster for those at the top of the pyramid, because centralized currencies are one of the most effective mechanisms of controlling the masses through all the long instruments that directly derive from them.

It is true that stablecoins are one of the biggest follies that people have accepted because they consider them an easy and simple way to transfer value, but they are neither stable, nor secure, nor nearly as much as most people think. Altcoins are definitely a story for themselves, because as I commented the other day in another topic, I don't consider them to be anything other than tokens for gambling in a game called Pump&Dump.

[Helena Yu]

PayPal itself is one of worse company, they have a buggy website, tend to freeze someone else money for few weeks or months and they charge quite high fee.

This PayPal stable coin is obviously want to compete against USDT, they launch it ASAP in order to gain more attention before there's a country officially launch their own CBDC. More and more crypto adoption isn't looking good due to this centralization.

[isaac_clarke22]

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.

Well what can we expect anyway from companies? Baby sit us and let us have all our own? As long as something is directly in control by someone or even created by someone, they have the means to do whatever they want no matter what they please.

Heh. Paypal. I avoided that platform long time ago when they just locked my account due to lack of verification even if I submitted a legitimate ID. Just because I have so much to hold, they just did a lock in my account. OP I know you mentioned that we can trust Bitcoin, just be careful custodial wallet.

Bitcoin gave us freedom, but companies adopting might say otherwise for their users.

[MFahad]

There is no guarantee about others altcoins that they will give you profit or will be under your control but in the case of bitcoin it is based on Decentralized technology which refers to the fact that no other entity have any control over it.

Security and safety is the reason that most of the crypto users believe in bitcoin, the mechanism of payment is very secure. Some individuals just focus on greater yield of altcoins but they don't think that related risks are also very high which are not such higher in bitcoin.

Government institutions have control on providing income because they are not decentralized and are based on centralized authority which means that income is under their control but in bitcoin such a technology does not exists.