The future of Bitcoin as digital currency

[8rch7]

Indeed government not allowed bitcoin as legal payment transaction I think we are freedom have alternative way selling cryptocurrency trough P2P transaction, we can hide with how much cryptocurrency assets and can't investigate by government. During with global exchange not banned operation in your country we can get freedom with bitcoin investment, not problem yet when government make bitcoin as banned for digital currency payment because P2P make us more freedom when transaction with the other for selling or buying cryptocurrency assets.
All government have policy with bitcoin how to be legal digital currency payment will make their fiat position loss transaction in the future, many benefit with bitcoin will make transaction more dominance using bitcoin than fiat.

[Alpha Marine]

Someone very wise say if you're born poor you die poor and I quote

This is bullshit.
If you're born poor, you can decide to break out of poverty by working hard and smart. A lot of people are poor today, not because they were born poor but because they refused to get themselves out of poverty.
What you should try to do is develop yourself first before you can make money. Make yourself a valuable asset that would be sought after.

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

If you get an education and work hard, you can become whatever you want. Bitcoin is not something to make our dreams come through. Only you can do that. People have worked hard and become whatever they wanted before the inception of Bitcoin and people are still doing so now without Bitcoin. Bitcoin is only a decentralized currency that has made transactions easier, and given us anonymousity and control of our assets.
Right now, I don't think Bitcoin can make anybody a millionaire. The early investors of Bitcoin enjoyed that luxury.

[fredericktaylor]

Bitcoin's future as a digital currency is on its way to prosperity, but lack of sufficient legal and ethical support is likely to affect it.  But I really don't know when the government will legalize Bitcoin for the common people in our country.  We will all invest in Bitcoin independently and have banking and legal recourse against any Bitcoin problems.

[aylabadia05]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin technology does not aim to hinder but make transactions easier. The government can do anything but it cannot stop this technology. The issue game was created because of the ease that people find in making transactions using Bitcoin without involving a third party. The government makes a profit by selling cards and other unnecessary things in Bitcoin.
The freedom that people get from Bitcoin is to carry out transactions throughout the world without complicated processes. That's the simplest.

[kryptqnick]

Some governments can feel very insecure about the fact that their citizens can own money in a digital form and send it to anyone who has wallets to accept this money without the government having a say in it. Bitcoin isn't under any state's control, and while it's empowering to many people, it can be concerning to authoritarian regimes which want as much control over their citizens as possible or to democratic countries with strong lobbies of traditional financial businesses.
Bitcoin does provide some opportunities, but, unfortunately, it's really hard to escape poverty with it, not when it costs so much and mining is also something that requires expensive equipment.

[samuraijin]

Indeed government not allowed bitcoin as legal payment transaction I think we are freedom have alternative way selling cryptocurrency trough P2P transaction, we can hide with how much cryptocurrency assets and can't investigate by government. During with global exchange not banned operation in your country we can get freedom with bitcoin investment, not problem yet when government make bitcoin as banned for digital currency payment because P2P make us more freedom when transaction with the other for selling or buying cryptocurrency assets.
All government have policy with bitcoin how to be legal digital currency payment will make their fiat position loss transaction in the future, many benefit with bitcoin will make transaction more dominance using bitcoin than fiat.

In fact, the government is not not allowing its citizens to use digital currency, but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction, in fact the government has authorized its citizens to use digital currency for their income, only one thing that is prohibited by the government is to use it as a means of buying and selling goods using digital currency, in fact that is a problem point that exists in every big country, many have legalized cryptocurrency circulating in several big countries, even in Southeast Asia they have legalized it...

Everyone is given the freedom to invest using anything in the form of bitcoin, crypto, tokens, gold, etc. The point is, don't just use buying and selling goods, which is what is desired in every country, because that will bring down the country's currency if that happens and of course there will be taxes. Also given by the government, of course everyone will reject it.

[Marvelman]

Someone very wise say if you're born poor you die poor and I quote
//

Hmm,  I'm not familiar with that saying. I believe the one I've heard goes,  "If you 're born poor, it's not your fault, but if you die poor, it's your mistake."  I think it's a bit more accurate and, as it implies that we have the power to change our circumstances if we so choose.

[Husires]

Slogans are belied by facts. Governments tend to control. They want to know where all your money goes and take a percentage of it. Therefore, you must adhere to all new updates to the laws, otherwise you are a bad person. Therefore, despite the privacy that Bitcoin has given us, it is still part of a global system, and we have failed. In creating completely independent decentralized systems, whether for example the Internet or currencies, so things will remain as they are.

[tbct_mt2]

In fact, the government is not not allowing its citizens to use digital currency

Some nations, some governments are doing this but not all and the fact is they are minority of hundreds of countries globally.

You can see and count how many countries in which cryptocurrencies are considered as Illegal with these maps?
https://coin.dance/poli/legality
https://newhedge.io/terminal/bitcoin/legality-map

but in fact those of us who are avoiding the government from using digital currency are actually only avoiding the taxes that the government imposes for one transaction

They will not be able to prohibit their citizens to use cryptocurrencies like they can not block their citizens' access to the Internet. They know what they want, like you are discussing, tax is their main concern.

They are doing everything to force cryptocurrency industry to be on a track with as much and best control as they can, just to gain as much tax from their citizens as possible. Eventually they want tax, not want to prohibit cryptocurrency use.

[Assface16678]

Bitcoin brings freedom, but what freedom? People misunderstand the freedom and assume it means freedom from everything, but that’s not true. Bitcoin brings freedom in the sense that you have total control over your money. Bitcoin doesn’t give you freedom by changing the lives of poor people. That can happen if you invest and volatility favors you in your planned timeframe. But if not, the core of this is so you are the owner of your keys and your funds, not a centralized or middle man somewhere else.

And that kind of freedom is what the people needs, as the internet becoming more useful many people also use internet and the advancement of the technology and because of that there are more options to earn or have a money, so poverty is not an excuse for a person to not earn money or learn new things to earn and bitcoin or crypto currency is one of the best option to learn to earn, yes not all people has the capabilities to learn something new or something like bitcoin but for those who can and still relying on bare minimum profit is those who doesn't seek another way to have an extra money, as you said bitcoin gives freedom to earn and no one could stop you from learning it so people who has idea in it should grasp the opportunity and not be lazy so you can use the freedom you have.

[synchronym]

The popularity of Bitcoin is increasing day by day. Bitcoin is very important for our life. In many developed countries where Bitcoin is legalized, the people of those countries can work in Bitcoin very well. If the government of our country would have declared Bitcoin legal then maybe many young generations could have organized their lives beautifully through Bitcoin. Bitcoin is changing many people's lives. Day by day more and more people are getting interested in Bitcoin. So the government of our country should declare Bitcoin legal. Then we can focus on Bitcoin work independently.

[Z_MBFM]

Bitcoin represents true freedom. What is life without the freedom to do what you want, when you want it, which will help you achieve a lot in life? The government never wants ultimate freedom for its own people; they always want everything to be under their control so that they may direct and give laws that we have no choice but to follow in order to realise our desires. Many countries claim to practise democracy, but many still operate under dictatorships.

Bitcoin gives enough financial freedom but when the government of every country starts to think of Bitcoin as a legal currency then maybe it will bring a lot of freedom for us but till now Bitcoin is considered as an illegal currency in many countries like in our Bangladesh Bitcoin is not legal yet how can we have freedom there? How can we use Bitcoin in our country freedomly. But when Bitcoin can be used as a legal currency in our country, we can say that Bitcoin gives us enough financial freedom. Now we can use decentralized wallet very easily but cashing it out is very troublesome for us till now.  But p2p service now gives us a lot of convenience to cash out bitcoins

[mirakal]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

With bitcoin, if you're born poor, then the more reasons that you have to take bigger risk with bitcoin. Bitcoin is most probably what we call our future, so we need to set it as our goal to accumulate as much as we can and hold them longer so we can reap massive profits in the future. It is in bitcoin that we can have the full control, and not over a centralized fiat, so if we can maximize the opportunities provided by bitcoin, then there'll be no reason we'll die staying poor and homeless.

However, the government still sees bitcoin as a threat to fiat so if we can hold bitcoin without alarming the government, then that would be the best option for now. Bitcoin is a decentralized currency, the reason why we have to deal with it more privately.

[AirtelBuzz]

I think the future of Bitcoin as a digital currency is bright because the use of Bitcoin is spreading day by day.Also Bitcoin is popular in every country across the world.

Bitcoin is still not legalized in many countries of the world like our Bangladesh.Our government of Bangladesh may never legalize bitcoin because they think that if bitcoin is legalized it will increase the amount of money laundered in this country.

There are many countries where Bitcoin is legal again and even Bitcoin is used as payment to buy almost everything in countries where Bitcoin is legal.I saw on Twitter today that an ice cream shop in Brazil is paying with bitcoins.Looking at them, no one should doubt how popular Bitcoin is now with people all over the world and how bright the future of Bitcoin is.

[Faisal2202]

No government should prohibit the ownership of this technology
-cut-
But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

You are right but who is stopping us from owning this digital asset (BTC). As far as I know authorities of the USA have started an act against all those bad actors which are giving bad reputation to BTC. Which in fact a good thing as it Indicates the good concerns of international authorities for BTC which ensure longevity and build trust among those traditional investors who still hesitate to invest in it.

Talking about BTC future it looks bright to me, because big multimillionaire companies are interested in it and investing a lot of money which will triple it's market cap and the value too. And many short volume investors are also taking benefit of it by investing small amount they have which collectively adds a big volume and overall the adoption rate is also increasing. 

[yazher]

This is what I really like to see in the future but the government is exerting all effort to make it more like fiat where you cannot hide from anyone how much you really have because everything should be transparent in order to save yourself from them. Nowadays, they put pressure on some popular exchanges and they gonna faced serious consequences if they don't comply with their requirements or if they find out they have some issues that are worth bringing into the court. That's why we need to get back to the decentralized exchanges in order to have a safe financial revolution without worrying about the SEC and its allies.

[lizarder]

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Unfortunately very few poor people intend to invest in bitcoin because the availability of capital they have does not support such efforts and in addition they lack knowledge in the technology sector. Poor people think about how to make money for their daily food needs and I am sure that only a few people can think about investing in bad financial conditions.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

It's not as simple as what you talk about and look around you at how poor people live their daily lives. Bitcoin does have the advantage of freedom and it is true that Bitcoin is a way to achieve financial freedom independently. But speaking of opportunities, maybe not everyone has the same opportunities and even people who have a lot of money are not all involved in Bitcoin for various reasons.

[Manny@11111]

Whether with Bitcoin or Fiat you have to work hard & smart to own them and been rich is your ability to many these 2 currencies.

[Omahabit]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.


But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family. thats what bitcoin is all about.
 

Bitcoin is freedom money for those who understand how to use of it, bitcoin is not permitted in all countries, it is use in every country by those who understand its potential and buy it through DEX. it become freedom money when you invest in it with discipline and consistency for long term investment.

[Yatsan]

I don't support such viewpoint concerning too much optimism towards this industry. Well, indeed we would be seeing its potential but as long as nothing is guaranteed, be careful of your actions at all times and at all instances.Bitcoin and crypto in general is a huge token industry. Bitcoin is sinpky a digital currency, how come it would change lives? How come it would save lives of families. There's more for this industry but we should know that things do take time and things won't happen in an instant. Let us all be patient of the progress itself.