Political aspects of cryptocurrencies

[Unknown Op]

Of course, in the early days of btc, those who were mining didn't expect that it will have the value after 5 years or so of collecting that coin. Just like a very good example, I had some few BTCs way back in 2015, when it was like only about $300, I would have not sold it if I knew that it will fetch at a staggering price of $115k. So more than likely, those who did not sell at that time, were just mere collectors and didn't have any clue that it will go this far. That is the reason why some BTCs were lost or forgotten because they were not expecting about this huge price increase.

Up until today, the population who are into crypto is still small compared to the global population. Also, the mining community is much smaller. Some are just mere holders without knowing how mining works. So I can understand that up until now, those who are into mining are still low in numbers, especially the equipment needed are quite expensive.

Not all did, but some definitely believed it. I have seen people who mined it when it was just 11 dollars, who said it will be over a thousand dollars one day so that is why they are mining. I saw people who were mining when it was under a thousand, like few hundred, and said they believe it should be millions of dollars and we are not even there yet.

This is why we can say that the best way to move forward would be just making sure that we know there are people who always believed in bitcoin, and this is one of those situations. Make sure that bitcoin maximalists are always there, and you invest accordingly. I know that we are still early, and I know that we are going to still go up on the long run as well.

There are many countries which support to the Bitcoin as Bitcoin is best cryptocurrency all over the World and people hold that cryptocurrency for the future because they know that the future will be best as comparison to the past and present . There are many tokens which are giving profit to the investors but no token is giving the profit conservative as teams behind the project have short term goals and projects could be dead but in case of Bitcoin that is different and we are watching the Bitcoin as best cryptocurrency all over the World.People are getting profit from the Bitcoin And they are doing investment for the long term but many poor countries don't understand the cryptocurrency and we are watching these countries and these will be more poorer in the future.

[Jegileman]

The poor who invest in Bitcoin are still not enough to get rich, their economy would improve, but they will step up to middle class. Then back to your first sentence, middle class will disappear, so they ended up become poor again because they not own the business nor system.

Getting rich is very hard, what we see on social medias are mostly upper middle class who could back to poor if they make mistake in financial decision.

The gap between the rich and the poor is very large that we don’t get to see people turning rich overnight. Even if you give a poor man enough money to feel rich, give him sometime and you’ll see him fall back into the middle class and if care not taken, they’ll end up going back poor again. The system is designed in such a way that the rich gets richer and poor gets poorer.

The middle class try to balance between this two and without a major breakthrough and good financial management, they don’t get to sit in the same place as the rich for long. I think being innovative is not enough to sell your ideas to become rich, you also need the rich to also need that idea and they patronize you to get you out of that cluster forever.

[Alpen]

In the world, the wealthy become wealthier, the poor become poorer, the middle class disappears. One of the reasons of this is the inflation: it is a kind of regressive tax, this tax is paid mostly by the poor because they loose their savings, while the wealthy keep their savings not in money but in assets. So, since the bitcoins are a way of keeping the savings, they can fight inequality to some aspect.
However, I am sure that only switching from inflational economics model to deflational one can't change the things significantly. The main reason of the disappearance of the middle class is political: the wealthy 1% of the population are the ruling class, and they pass laws for making them more and more rich, for example under Reagan the taxes for wealthy were cut. They also control the mass media like CNN or Fox News, and these mass media lie about the problem of the disappearance of the middle class.
But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

If we accept your point of view about a crypto-led revolution, then logically, the ruling elite should see it as a threat.

Remember Facebook's Libra project? The global ruling class saw it as a genuine threat to their power and collectively crushed it with joint efforts.

And yet, we have Trump himself—a man famous for cutting taxes for the rich—actively promoting Bitcoin. We have Elon Musk, the richest man on the planet, pumping memecoins. How does that square with your theory?

[xandry]

Remember Facebook's Libra project? The global ruling class saw it as a genuine threat to their power and collectively crushed it with joint efforts.

And yet, we have Trump himself—a man famous for cutting taxes for the rich—actively promoting Bitcoin. We have Elon Musk, the richest man on the planet, pumping memecoins. How does that square with your theory?

Moreover, the Libra project has essentially been reborn into SUI and Aptos, where there are rich investors who have become even richer from this. And I also immediately think of TON, who was also supposed to die because of regulators, but eventually enriched Durov and his investors.

[Josefjix]

Remember Facebook's Libra project? The global ruling class saw it as a genuine threat to their power and collectively crushed it with joint efforts.

And yet, we have Trump himself—a man famous for cutting taxes for the rich—actively promoting Bitcoin. We have Elon Musk, the richest man on the planet, pumping memecoins. How does that square with your theory?

Moreover, the Libra project has essentially been reborn into SUI and Aptos, where there are rich investors who have become even richer from this. And I also immediately think of TON, who was also supposed to die because of regulators, but eventually enriched Durov and his investors.

These people are actually rich enough to create a system that generates instantly within some few months from launch, they've known the key to getting mass money easily because they are already rich and they keep on getting more richer.

These projects you mentioned are all blockchain based tokens owned by these rich people, and who is Durov, the telegram owner?

[davis196]

But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

Some conspiracy theorists claim that Bitcoin was created by the Deep State, others claim that Bitcoin was created to fight the Deep State(or the reptiles that control fiat money/central banks and secretly rule the world). I don't know who is telling the truth here.
OP, have you ever thought about the Deep State buying more BTC and gaining control over Bitcoin(or the crypto world in general)?
This is totally possible and you shouldn't portray a "black and white" view of the world. There are nuances and not everything is white and black.
Most people would never "start thinking". Most people are sheep. I don't believe that Bitcoin costing 1 million USD would ever change anything.

[uchegod-21]

This debate about the rich and the poor will never end, everyone should do everything in their capacity to raise their standards to what they want. We say Bitcoin is the solution to this gap between the rich and the poor and the controlling  nature of the rich. People are already showing concerns that the rich are accumulating bitcoins in large amount, which gives them that opportunity to manipulate the system at will, throwing the poor to the corner.

Believe me when I say this, inequality will always be there and the rich will always seize every opportunity they have to put themselves at the gaining side.

[dezoel]

These people are actually rich enough to create a system that generates instantly within some few months from launch, they've known the key to getting mass money easily because they are already rich and they keep on getting more richer.

These projects you mentioned are all blockchain based tokens owned by these rich people, and who is Durov, the telegram owner?

These rich people already have enough resources to invest somewhere they can start generating instant profits. There are numerous such opportunities and they have enough resources which just keeps piling up cash and they never end up in any financial crisis as they already have a lot of earning streams.

Building a project needs a lot of funds and these rich people can afford it easily. They can easily build these kind of projects where they can either scam poor people by showing them high hopes or can really build something innovative and can earn decent profits out of it. Durov might be one of those rich people who have build something already. I really envy these rich people and appreciate their dedication to build something exciting to earn maximum profits.

[peter0425]

Believe me when I say this, inequality will always be there and the rich will always seize every opportunity they have to put themselves at the gaining side.

Unfortunately, even us those who are poor wish to be like the rich ones and belong to that side eventually in the future. Everyone is trying to escape a system because they’re finding it difficult but once they find themselves on top, they wouldn’t be so eager to get rid of this entire system.

[Barrykbest]

Why do you say that the middle class disappears? They don't disappear; they become poor and then go into the poor category because they can't keep up with their current class due to high inflation and low wages. Also, maybe you are not aware of it, but even Bitcoin and cryptocurrencies are regulated and taxed in countries where they are legalized and bills are passed for them to be used by the general public, but they will be regulated, and people will be taxed based on their assets.

In the real world context, the poor have an high likelihood of becoming poorer but the middle class have every tendency of becoming rich if the effectively utilize the little they have. both the rich, the poor and the average individual get taxed but in the real sense, the rich even get to pay the highest amount in the for of tax. the only way most poor people get to pay their tax is usually in the form of VAT and nothing is usually deducted in form of income tax.

The rich has his worth visible to the public and hence, all tax laws can be implemented on him. the average guy can smartly play games around and grow his finance via small scale investment that are not al that visible which in most cases is not taxed. the major leverage that the rich have above the middle class is that with more resource, it becomes easy for them to invest not just into bitcoin but also into other profitable asset.

Sure, visibility and resources changes how taxation and investing work. The rich can deploy large sum into assets and benefit from scale, while the average person can quietly build small investments over time. The encouraging is that with tools like Bitcoin and other decentralized assets, even small consistent contributions can compound into something meaningful. The real difference isn’t just the size of the initial capital, but the discipline to invest steadily and to reinvest the gains gotten instead of eating them. Anyone who follow this will improve over time.
This is just my opinion on this.

[Mhizlove]

The political dimension or standpoint of cryptocurrency is not all about how governments and  policies collaborate with digital money. Its because the states control money using central banks  while crypto gives people ways to transfer and preserve wealth without the control over them.
This has ignited discussion over the freedom and making finance independence for numerous rich individuals and companies that use bitcoin as an investment to grow wealth. Some sees it as a safeguard against inflation while some uses it to influence policies or fund financial favours for innovation. It is also another way for wealth and influence meanwhile for the poor individuals which are said to be the ordinary people crypto grants an escape from currencies that are weak, when inflation is high and the banking system is restricted. This also allows fast and cheaper transfer of money especially for the immigrants that are sending money home which can be seen as a life changer but there are also high chances of risk, scams and also lack of protections that will hit the poor harder when things go bad.
Politically I will say crypto is all about power for those who controls money and of course that's the wealthy, a new way of how riches are been protected and multiplied but for the poor it's seen to be a lifeline and gambling at same time. It also gives them freedom from monetary hardship and still expose them to risks they may not be able to endure.

[Cheema02]

Being poor and being smart are two different things. Poor people will constantly complain about their circumstances and blame others for their situation without truly seeking solutions, while smart people will try to seize every opportunity to overcome their difficulties.
If they were smarter, they would continue to develop their potential and skills, rather than wasting energy complaining. Slowly but surely, they would continue to allocate a small portion of their income to build their wealth in Bitcoin. It's not easy, but if they are consistent over the long term, it will form an investment portfolio that could potentially improve their situation.

I think Its the difference of mindset that makes an individual genius and smart. Poor people are poorer because they haven't thought out of the box. They have a mindset to work as a daily wager or in labour to earn some cash and provide their families a meal of two times. That's all what happens in the life of a poor person. They belive if they will go to work they will eat otherwise they couldn't fulfill the needs of their family. And somehowe they are right in Asian countries like Pakistan, India, Indonesia and many more because they don't have any guarantee wether their government will sort their problem out. A person who has a strong mindset to build his own business will always be in search of an opportunity where he could contribute a little and earn a handsome amount. Smart people believe in skills. If they have ability to earn and invest they can make more profit than a daily wager. In this expensive era, everyone is suffering whatsoever he is a poorer or richer. But some people get better chances to improve their standards and lifestyle.

[SATWAT]

The gap between the rich and the poor is very large that we don’t get to see people turning rich overnight. Even if you give a poor man enough money to feel rich, give him sometime and you’ll see him fall back into the middle class and if care not taken, they’ll end up going back poor again. The system is designed in such a way that the rich gets richer and poor gets poorer.

The middle class try to balance between this two and without a major breakthrough and good financial management, they don’t get to sit in the same place as the rich for long. I think being innovative is not enough to sell your ideas to become rich, you also need the rich to also need that idea and they patronize you to get you out of that cluster forever.

We have seen some great personalities breaking this chain. They were born poor but now have achieved extreme riches and are considered to be among top wealthiest people. How did this happen? I'll say it happened because of their dedication and consistency. They had nothing but they started from scratch, stick to their plan and kept working hard until they achieved success. Most of the poor people will lack this kind of motivation as their primary focus will be to work today so they can afford meals for the next day and they spend all of their efforts in doing so.

Rich people on the other hand will already have enough savings to provide for their family and maybe even the coming generation. All they have to focus in build more wealth by utilising the wealth they already have. It gets too easy for them to do so but poor people have to struggle really hard in order to achieve this.

[boyptc]

The political dimension or standpoint of cryptocurrency is not all about how governments and  policies collaborate with digital money. Its because the states control money using central banks  while crypto gives people ways to transfer and preserve wealth without the control over them.

It's all about what cryptos are bringing to the people and it's about the importance of decentralization. With the start of bitcoin, this has given people an idea that we can hold our own money.

We can value our own cryptocurrency and over the period of time, the value becomes bigger compared to the institutions where we're investing and depositing it.

No offense to them as they also give a great help and good returns. But it has opened our minds that there's more for us, there are better options for us.

[sana54210]

If we accept your point of view about a crypto-led revolution, then logically, the ruling elite should see it as a threat.

Remember Facebook's Libra project? The global ruling class saw it as a genuine threat to their power and collectively crushed it with joint efforts.

And yet, we have Trump himself—a man famous for cutting taxes for the rich—actively promoting Bitcoin. We have Elon Musk, the richest man on the planet, pumping memecoins. How does that square with your theory?

I would say Libra wasn't an issue for the elite, that wasn't the issue Libra had. It was a simple regulations issue, USA will not allow a company to print their own money they can sell, that would cause so much trouble. It is not impossible, it can be done, but there are so many regulations involved that it made it not profitable idea for Facebook to do something like that.

You think Tether is based in USA? Of course not, it was something like Bahamas or something, because they can't do that in the USA, and even though they are not there, they were asked to be audited and then fined for even the smallest things. That is why it's clear that we are not going to see the same thing here with what Libra deal.

[Alpen]

I would say Libra wasn't an issue for the elite, that wasn't the issue Libra had. It was a simple regulations issue, USA will not allow a company to print their own money they can sell, that would cause so much trouble. It is not impossible, it can be done, but there are so many regulations involved that it made it not profitable idea for Facebook to do something like that.

You think Tether is based in USA? Of course not, it was something like Bahamas or something, because they can't do that in the USA, and even though they are not there, they were asked to be audited and then fined for even the smallest things. That is why it's clear that we are not going to see the same thing here with what Libra deal.

You have a poor understanding of the Libra history.

They specifically registered the company in Switzerland because the local laws were crypto-friendly. The US didn't like that, so they sent an entire delegation of Congressmen over there to pressure the Swiss authorities. When that didn't work, the White House started personally calling every major Libra investor until they all withdrew from the project.

Libra was also being pressured by authorities in the EU, Canada, Australia—I can't even remember how many countries it was. Keep in mind, the project was still only in the development stage. The crypto never even launched, full stop. It was essentially choked out by the entire world while still in the embryo stage.

On top of all that, Facebook got hit with a $5 billion fine, and the social network's activity started being investigated in 40 states under all kinds of made-up pretexts. Basically, Zuckerberg was given a clear message: his business would be destroyed if Libra ever saw the light of day.

[abhiseshakana]

The political dimension or standpoint of cryptocurrency is not all about how governments and  policies collaborate with digital money. Its because the states control money using central banks  while crypto gives people ways to transfer and preserve wealth without the control over them.

It's all about what cryptos are bringing to the people and it's about the importance of decentralization. With the start of bitcoin, this has given people an idea that we can hold our own money.

We can value our own cryptocurrency and over the period of time, the value becomes bigger compared to the institutions where we're investing and depositing it.

No offense to them as they also give a great help and good returns. But it has opened our minds that there's more for us, there are better options for us.

The 1% of the population, the rulers of the inverted pyramid/global elite, view fiat currency inflation as a tool of control (money printing, interest rate manipulation). Bitcoin, with its limited supply and decentralized nature, is seen as a threat to their monopoly on monetary control. However, because they possess extraordinary resources (capital, regulatory power, access to technology), they will try to infiltrate their control by acquiring as much Bitcoin as possible (but I believe this is an impossible feat for any government). They prefer a soft takeover (gradual, stealthy takeover) rather than a direct attack, so as not to trigger massive resistance.

Bitcoin was born from a libertarian philosophy: money belongs to the people, without intermediaries. However, the global elite is pushing the paradigm of technocratic globalism (digital money, but controlled by algorithms and the policies of global institutions). These two ideologies will collide: libertarians want total freedom without the state, while the technocrat elite wants global efficiency with a single, connected system. This battle is a new form of post-Cold War ideological warfare, not between capitalists and communists, but between decentralization and total digital control. Small countries can become the site of ideological struggles, whether they side with the financial freedom of their people or with a centralized global order.

Bitcoin is not just a digital asset—it is a direct threat to the monopoly of fiat money. In the history of world politics, whoever controls the money controls the government. The United States has used the dollar as a tool of hegemony since Bretton Woods. However, Bitcoin enables other countries (especially China, Russia, Brazil, India, and South Africa) to build alternatives to dollar-free trade. Global elites entrenched in the dollar system (Wall Street, the IMF, the World Bank, and international credit institutions) will strive to ensure Bitcoin remains within the orbit of Western dominance. Their political strategies will dictate the direction of global regulation to ensure that all Bitcoin use adheres to the recognized financial system (for example, by tightening government regulations regarding Bitcoin transactions). Bitcoin will become a new geopolitical tool, pressuring countries that are too free (El Salvador or the BRICS) through diplomacy, sanctions, or economic pressure to remain subservient to the Western-based global financial system.

In a geopolitical scenario, Bitcoin's price fluctuations could be used as an economic weapon, such as creating panic in a country's markets to shake confidence in its governance system. Countries that are too aggressive in adopting Bitcoin can be used as political laboratories, and failures can be exposed by the global media to deter other countries from following suit. Conversely, if a Western elite successfully adopts Bitcoin in a controlled manner, it will be highlighted as an example that "Bitcoin is good as long as it's implemented properly," with the goal of making Bitcoin not a symbol of people's freedom, but a political tool subservient to the elite's agenda of global stability.

The elite 1% wields extraordinary lobbying power and political influence over governments and regulators. They can shape the direction of tax policy, licensing, and the legality of digital assets, framing them as anti-money laundering or counter-terrorism. With these regulations, Bitcoin ownership is not prohibited, but systematically hedged, allowing use only through official financial institutions they control. Politically, this strengthens the elite's position as "guardians of global financial security." Ultimately, governments will portray themselves as protecting the people from the risks of wild Bitcoin, while in fact indirectly strengthening the position of large financial corporations already connected to the global elite.

The shift from fiat to digital money is not just an economic transformation, but a paradigm shift in global power. Bitcoin opens up opportunities for financial emancipation, but also opens up opportunities for the global elite to construct new, more refined, efficient, and technology-based control systems.

[bubilas]

I'm sure there are plenty of poor people who would love to invest, but they can't because they live paycheck to paycheck. And I feel sorry for those who are interested in investing but can't make a living because their expenses are too high.
These people have to constantly come up with side jobs, which wastes their energy and prevents them from continuing their education. It's a vicious cycle, and it's called the "poverty trap."

[CryptopreneurBrainboss]

Unfortunately, even us those who are poor wish to be like the rich ones and belong to that side eventually in the future. Everyone is trying to escape a system because they’re finding it difficult but once they find themselves on top, they wouldn’t be so eager to get rid of this entire system.

That's the reality, the world would aways not be fair/equal so we just have to accept this and try to get out of the rat race to move up in the foodchain. Everyone is trying to be rich depsite what people claim that they're not moved by the material things of the world. It's better and nicer being wealthy than being poor.

You get the change to impact/change the world better when you're the one making the decision which is what wealth brings. The poor has nothing financially to offer but only their man power to the economy. The poor and the rich can't be on the same level because the rich have more than enough for their daily needs that they have lots of spares for investing.

The opportunity the rich had before Bitcoin came into the picture too was the reason they keep getting richer while the majority keeps suffering. The rich still have better advantages though but atleast the poor now have an opportunity with Bitcoin that patience rewards them.

[Promocodeudo]

Believe me when I say this, inequality will always be there and the rich will always seize every opportunity they have to put themselves at the gaining side.

You're right and thats because the rich belongs to the circle that believe that they will do everything they can to remain at the top and that whys when the fall below their expectations, they get trapped by BP and die easily because going below their standards is what they never foresee coming, so seeing such coming to reality will be like a shock to them, so the thing is the will do everything in their power to go more higher financially, they dont get tired of acquiring wealth, they are always ready to bounce on any investment opportunities that's come their ways, the rich will continue to get richer, the smart and lucky poor ones might eventually become rich but that's other probability that's to say the rich will continue to be in the profiting lane no matter what come.