Big companies will never let you have the financial freedom

[romero121]

In one way or the other everything needs to be under control. The innovation is decentralised while the following projects were much aimed at their personal upliftment. Bitcoin is the only thing that gives you with the best whereas the altcoins including the PayPal stablecoin is high risk involved. In the past due to some issues network used to get struck and big volume of funds have got frozen. Later after much efforts the fozen fund gets to be used without any problem. In such incidents there won't be anything intentional to freeze the funds. What we see with PayPal stablecoin is completely begun with intention to freeze funds whenever required. This is not good for the cryptomarket.

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[milewilda]

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.

Anything other than Bitcoin is totally that centralized but of course this one excluding those totally anonymous coins like XMR and ZCASH as far as i know which been considered to be that on this way but those other coins
which could really be able or having the feature on freezing or locking up or retrieve back those coins then this is something that totally break out the real essence of crypto currency on which it would really be not surprising that Paypal would really be creating something similar like this. Isnt a shocking news? Not really. We know that Paypal would always be sticking into something that would really love on tracing everything and since this one is heavily regulated with the government then expect that they wont really be making out such step that would really be going against on government rules since they had already that kind of reputation and popularity and they wont really be liking to face up some charges or whatever things that government would be throwing at them. This is why on the time that they do make out their own stable coin then having this feature is no brainer or
something that would really be in default. What you would expect?

[Smartvirus]

In one way or the other everything needs to be under control.

Apparently, we don't live in a lawless world and so long as there are laws, ther3 would be those that instill these laws and thus, have means of ensuring that these laws are functional and defaulters gets punished on their flaws. Even on the form, there exists some fomr of control or authority by some assigned users over others. Like, your account could be banned either gemporalbor permanent depending on what rule you broke.  The emphases here is control.


It's not out of place to have the government or other bodies of a platform whom you use or work with to have some control over your account and assets on them. Should you be looking towards a sole custody of your assets, your better of owning a non custodial wallet. It's important that one must learn how use certain services to be safe and having to stock coin on any centralized system has got challenges of its own.

Whne control becomes of great concern, you sorteans of escape.

[icalical]

Government will always needs everything to be under control. But in my opinion it's understandable at some extent, not all of the citizen under the government have understanding and knowledge in financial and technology, and those people need to be protected by the government, and the easiest way to protect is to make everything under their control.

And about big companies its much more simple, they need to make profit, if they can control their product, they wont make any profit. The only option if people want the currency that is not under control is to use a pure decentralized.

[Maslate]

We can only enjoy freedom if we have anonymity; that's supposed to be what crypto would bring into our life, complete freedom. However, with the advent of regulation, cryptocurrencies are not fully anonymous anymore, as coins are regulated through exchanges and companies that facilitate transactions.

It's not the big companies that are to be blamed, as they are just following what is mandated by law; it's the regulators, it's the government that should be blamed for the loss of freedom.

If we are aiming for full freedom, these should exist:

-Blockchain
-Decentralized exchange
-No government intervention.

[Altryist]

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.

Therefore, they created CBDC and are now trying to introduce it into the financial systems of states, this will give them complete control and the ability to block any accounts, of each person. No need to think that this is done for our good, first of all it is done for total control. I agree that only bitcoin can be trusted, this is the only coin with which you can feel safe.

[Abu-Naim]

Government will always needs everything to be under control. But in my opinion it's understandable at some extent, not all of the citizen under the government have understanding and knowledge in financial and technology, and those people need to be protected by the government, and the easiest way to protect is to make everything under their control.

That is why government is restricting them from adopting Bitcoin because if they found out the importance of having financial freedom through bitcoin, the government cannot be able to control them again as they will prefer buying and holding bitcoin instead of been control by government.

And about big companies its much more simple, they need to make profit, if they can control their product, they wont make any profit. The only option if people want the currency that is not under control is to use a pure decentralized.

That is bitcoin.

[Sayeds56]

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.

Absolutely right. Achieving financial freedom is a shared aspiration among all of us. However, it is possible to turn this dream into reality through a systematic approach of  accumulating Bitcoin on every significant dip in its market price by utilizing Dollar cost Averaging (DCA) strategy. By steadily following this method and continue holding Bitcoins in your possession despite market fluctuations, it is potentially possible to gain substantial profit once the bullish season commences.

[slapper]

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.

Anything other than Bitcoin is totally that centralized but of course this one excluding those totally anonymous coins like XMR and ZCASH as far as i know which been considered to be that on this way but those other coins
which could really be able or having the feature on freezing or locking up or retrieve back those coins then this is something that totally break out the real essence of crypto currency on which it would really be not surprising that Paypal would really be creating something similar like this. Isnt a shocking news? Not really. We know that Paypal would always be sticking into something that would really love on tracing everything and since this one is heavily regulated with the government then expect that they wont really be making out such step that would really be going against on government rules since they had already that kind of reputation and popularity and they wont really be liking to face up some charges or whatever things that government would be throwing at them. This is why on the time that they do make out their own stable coin then having this feature is no brainer or
something that would really be in default. What you would expect?

what about the essence of crypto, being decentralized and all that? You make a point about freezing and locking up coins, but is that really breaking the essence? Some may say it's evolution, or something like that. Paypal creating something similar, that's predictable, isn't it? They've got rules to follow, reputation to keep. Expecting them to make a stable coin, with the features they like, not a surprise, or is it? What would you expect?

[uchegod-21]

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

For this code to be available for public view it means that the PayPal stable coin code is open. If they have lines of code written to freeze assets and still make the code open, I don't understand what they want to achieve. Could it be that it is an insider who leaked the code?

Meanwhile, OP the big companies especially the financial institutions doesn't want you to be financially independent and that is why their rules and model of business is heavily revolving around centralization. That is the only gesture that will continue to keep them in the market.

[Unbunplease]

We can only enjoy freedom if we have anonymity; that's supposed to be what crypto would bring into our life, complete freedom. However, with the advent of regulation, cryptocurrencies are not fully anonymous anymore, as coins are regulated through exchanges and companies that facilitate transactions.

It's not the big companies that are to be blamed, as they are just following what is mandated by law; it's the regulators, it's the government that should be blamed for the loss of freedom.

If we are aiming for full freedom, these should exist:

-Blockchain
-Decentralized exchange
-No government intervention.

There is a bottleneck when using cryptocurrencies - one way or another we tend to exchange it for fiat, and fiat is the prerogative of the state. Therefore, the state dictates the rules. As long as there are no prices set in satoshi, there is no freedom. The freedom that does exist is elusive. Therefore, cryptocurrency at the moment is just a quick way to transfer the equivalent of assets, nothing more.

[someone703]

Financial freedom isn't just about using tools like PayPal, stablecoins, or cryptocurrencies. Instead, it relies on individual decisions and choices, not influenced by large companies.

Bitcoin can be a useful tool for conducting online transactions and plays an important role in achieving financial freedom. You want to emphasize personal choice and encourage people not to always rely on big companies or organizations.

Furthermore, decide not to use the services of companies that you consider to be inconsistent with your personal values ​​and views. The right to self-determination and the willingness to stand up is very important and should not be relied on by centralized organizations.

[bayu7adi]

Absolutely natural for a stablecoin to be orchestrated under the stewardship of a specific corporation or entity. They hold the reins, while users hold the call whether to embrace the service or bid it adieu. Each enterprise shall choreograph its role of repute, a psychological leitmotif believed to lull individuals into the notion of monetary preservation, even under such distinct statutes. This dynamic ensues from the presumption that platforms bearing a laudable standing can effortlessly amass a substantial user base, notwithstanding the idiosyncrasy of their protocols.

What rests in the balance is none other than reputation. As long as these corporate behemoths exude a pristine standing, throngs shall gather at their doorstep. And in a flash, their reputation crumbles with just one slip-up.

[Sarah Azhari]

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.

We should be aware of this a long time ago, because now is in vain, due a lot of people already have a trap and are invested, so news like this does not appear and makes FUD for global crypto. News like this also makes some people argue if crypto, whatever kind, is a scam and can make their assets to lost can't be used. I think this is a big problem for crypto enthusiasts, so now, what we can do is how make people believe again that not all cryptos are like that. I doubt if they still believe Bitcoin is not one of them. Because his brain is already washed by news like this daily.

[Sayeds56]

There is a bottleneck when using cryptocurrencies - one way or another we tend to exchange it for fiat, and fiat is the prerogative of the state. Therefore, the state dictates the rules. As long as there are no prices set in satoshi, there is no freedom. The freedom that does exist is elusive. Therefore, cryptocurrency at the moment is just a quick way to transfer the equivalent of assets, nothing more.

Your observation regarding current state of crypto currencies where it has to rely on traditional fiat currencies for exchange and realization of value is, true, and this situation is influenced by government control. This interdependence will continue until cryptocurrencies achieve widespread recognition and acceptance as a global method of payment. As the current  fiat currency system is consistently losing the confidence of people due to its inflationary tendencies, we believe that Bitcoin is the best and optimal alternative, and potential path leading towards financial freedom.

[isaac_clarke22]

Absolutely natural for a stablecoin to be orchestrated under the stewardship of a specific corporation or entity. They hold the reins, while users hold the call whether to embrace the service or bid it adieu. Each enterprise shall choreograph its role of repute, a psychological leitmotif believed to lull individuals into the notion of monetary preservation, even under such distinct statutes. This dynamic ensues from the presumption that platforms bearing a laudable standing can effortlessly amass a substantial user base, notwithstanding the idiosyncrasy of their protocols.

What rests in the balance is none other than reputation. As long as these corporate behemoths exude a pristine standing, throngs shall gather at their doorstep. And in a flash, their reputation crumbles with just one slip-up.

Well people would be relying on them since someone reputated is handling their money just like any other banks out there. People think that relying to a third-party reputated organization would give them the most of their security. Think of it like in crypto where they thought that holding in an exchange is a good idea.

Quite a choice of words there by the way.

Your observation regarding current state of crypto currencies where it has to rely on traditional fiat currencies for exchange and realization of value is, true, and this situation is influenced by government control. This interdependence will continue until cryptocurrencies achieve widespread recognition and acceptance as a global method of payment. As the current  fiat currency system is consistently losing the confidence of people due to its inflationary tendencies, we believe that Bitcoin is the best and optimal alternative, and potential path leading towards financial freedom.

If crypto would get widespread recognition and acceptance as a global method of payment then government would just put more regulation to it since it is being used already by the mass. It's not really a good thing to happen if you would ask me.

[Gallar]

~Snip

Yes, it seems you are right, because it is undeniable that the majority of large companies and the government are only concerned with their own profits and the interests of their employees are always left behind? So if big corporations prevent a person from being financially free, that's a fact.
Maybe it's because the big companies that already exist today feel they are the biggest and most needed by everyone. Like in my area, there are companies that are quite large, but these companies do not pay their employees according to the rules and regulations of the minimum wage set by the government, while the work is quite heavy. But the problem is employees are paid very little. Even though the employees have given input, the company still provides a small salary to its employees. So in short the company spoke like this "if you are willing to work with that salary, please continue working, if you are not willing, please leave".
So that for people who do not have skills or other jobs, in the end they still work at the company, even though the work is quite heavy and the salary is very small.

And what's also infuriating is that the government seems to have been bribed by the company so they just keep quiet as if they don't know.

~Snip
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.

That's why bitcoin is the most superior and the most prioritized. Because bitcoin is decentralized, so if you own bitcoin, no one will suddenly take or freeze the assets you own. In contrast to altcoins, the creators of these altcoins may take their liquidity. Although this rarely happens, in reality it can indeed be done. Because like the altcoin/stablecoin that you mentioned, it's clear that the plan is not good. So the point is to always be careful when buying altcoins like that, or better not just buy them.

[YUriy1991]

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.

True, they are still free to exercise control, for example they can pause, freeze, and delete transactions and wallets that are deemed not in accordance with their rules at any time in their ecosystem.

Apart from BTC, I think there are still services out there that provide complete investment products where we as users are free to choose the instrument or type of investment according to our individual needs and risk profile without more intervention from the service provider.

[dothebeats]

Financial freedom, or at least at the full existence of it, cannot be exercised if you are working under a company (the government also adds into this). First off, companies wants themselves to get rich not their employees. They want hardworking and money driven employees that will spend hours of dedicated work to be on their side to make them money after all.

[Jating]

Financial freedom, or at least at the full existence of it, cannot be exercised if you are working under a company (the government also adds into this). First off, companies wants themselves to get rich not their employees. They want hardworking and money driven employees that will spend hours of dedicated work to be on their side to make them money after all.

Of course, this is not teach in school though, that is the sad part. But in the beginning if after school we all know this, then maybe majority of us will be a entrepreneur themselves and will start from scratch. We have heard success stories in the past, wherein someone takes a risk after college or even not graduated but focus on their ambitious to become financially rich and of course the freedom they want.

So they put up a online store or even services and they try to grow it up from ground up and then become success in the following years. Maybe it's not for everyone, but if we have ambitions then perhaps we can also take risk as others before us has done in the past.