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Author Topic: Rights of the Powerful vs powerless : who gives equally?  (Read 59 times)
abaeze (OP)
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August 25, 2025, 02:17:25 PM
Merited by Scarlett_23 (2)
 #1

We can see that the world's financial sector is facing new changes. Although the traditional banking system has been the mainstay of our financial transactions for many years, in recent times it has been used for political purposes. There is a proverb - might is right. Although this saying is heard in villages or neighborhoods, the matter has now become clearer with the confession of an influential person. Many of us might not have known about this matter of the family of US President Donald Trump if his son Eric Trump had not brought it to the public in this way. Source

Eric Trump, the son of US President Donald Trump, mentioned in a recent discussion that their family had to be deprived of banking services for political reasons. In his words, the banks were "weaponized" against them.

This experience led their family to cryptocurrency. Eric Trump said, "When conventional banks can close customer accounts at will, people's financial security is questioned. But cryptocurrency or decentralized finance (DeFi) is a technology that does not depend on anyone's political identity, position or opinion. It gives people direct economic control and freedom." Many people here may think that since they are in politics, they have been politically harassed, but that is not the case. Even if they are political figures, attempts have been made to control them by showing specific laws or rules, and the condition of the common people there can certainly be understood. Here,The lesson for us is that crypto gives ordinary people the opportunity to participate in the same financial system that was previously enjoyed only by the rich or the very influential.

Currently, since there is no single control of banks or governments over crypto, no one can seize money or close accounts at will, so no influential or weak group can control them even if they want to. So can't we say that cryptocurrency is a symbol of true freedom for future generations? and it can give equal rights to everyone, rich or poor, influential or common.
Donk1
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August 25, 2025, 03:21:02 PM
Merited by abaeze (1)
 #2

You are right it always comes down to centralized vs decentralized. As a matter of fact these issues keep repeating themselves  And still traditional banks are never reliable, which has left both the powerful and powerless to seek different alternatives just to gain financial freedom from any third party. Trump family has shown that the issue of third party doesn't only affect us but also politicians.
 Cryptocurrency has given us the right we deserve to have ownership over our assets without any third party involvement of freezing accounts or closing accounts for some unnecessary political reasons. And they don't imagine the possibility of someone in need of his money urgently But with cryptocurrency is a new financial decentralized system that builds on trust and financial freedom for everyone.
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