Thanks to Bitcoin, we’re slowly breaking free from Government Control

[Miles2006]

Funny enough the government wants to find every means to control every financial source mostly bitcoin, bitcoin is the major target. I wonder why many governments never wanted bitcoin reason why they want to regulate bitcoin yet they can’t achieve the aim of regulating bitcoin. Bitcoin seems like a threat to them, we all know the common creation of bitcoin was to give many financial freedom as op mentioned no doubt as time pass by the value of bitcoin increased and bitcoin is considered an asset now, many are more concerned about the value viewing how they’ll benefit from the market if holding for long, definitely the politicians also make use of bitcoin for anonymity purpose.

[Sammye3]

Bitcoin has really helped to diversify means of saving and investments as well as providing security and anonymity as you mentioned. It's a blessing to have such asset relieving the struggles of government policies and regulations.

Providing access to manage funds and also financial freedom has being the biggest advantage the invention of Bitcoin has being to humanity.

[Nexus9090]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom. You can send money across borders without asking permission, protect your savings from inflation, and support causes even when governments try to silence them.

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

If only your statement were true.

Unfortunately it is a little naive, BTC is now only useful as a semi-anonymous cash alternative as long as it remains a BTC transaction.

The second you trade it for fiat in order to take care of life in the real world the governments take their tax out of it.

Legislation has been introduced now that means your use of any of the exchanges is reported to governments; So, sadly it is far from anonymous and far from untraceable.

I just posted about my recent experience with Coinbase, who are now demanding live face time chat as part of their ID and KYC processes. So, yeah that's really free from government intervention isn't it!?

[Raflesia]

Well, most people don't look at it that way. Nowadays, people barely care about privacy or anonymity when it comes to their transactions or financial activities, maybe some people do, but most people don't, and it is also because they believe they can't get out of the chain they've been in not for decades but for centurie,s because their ancestors have been in the same system as them.

This situation is unavoidable for several reasons and resigning oneself to the existing conditions is always one of the reasons that cannot be changed but in reality there are always loopholes that can be exploited.

The problem is that even those who are involved in bitcoin are sometimes still unaware of anonymity because many of us still keep our assets on Cex which ultimately proves that not everyone involved in crypto, especially bitcoin understands the goals to be achieved.
There are still some people who seem stubborn even after being informed, but that is their business. However for some other  Bitcoin is always the answer especially for those who are fed up with their government's policies as I am feeling right now.
Although I am still not completely free from it as the role of fiat currency is still vital for daily life at least with the presence of Bitcoin I can minimize some of the government's control measures aimed at restricting us to comply with existing regulations.

[OrukkaRings]

For me nobody is escaping from the hands of government, yes bitcoin offered freedom for our finances but not sure that is still the case as government and institutions are getting involved too much in the affairs of bitcoin and holding a good amount of bitcoin soon they will find a way to still suppress the control system that is why they have force anything that has to do with total anonymous of transaction to go into extinction, like mixing of bitcoin is now seeming like crime in the eyes of government.

So bitcoin only gave individuals the financial ground to become stronger in finance than ever before if only they recognised the opportunity in the early days.

Just want to respond to this point as I see it a lot. Governments and Institutions are getting involved for different reasons.

This is like being kicked out of a party. And then the rejects (we) decide to start our own party outside. And now, the cool kids (government and institutions) want to join the party because they realise a lot more is happening out here.

Top institutions are losing clients to crypto and really fast. JP Morgan, Blackrock and other could see the writing on the wall. Thats why they jumped in to offer ETFs and blockchain products.

Governments on the other hand can see the debt level across the board continue to spiral out. Again the writing is on the wall there. So it cannot last for long. They have two choices

1) try to control it (and they failing at that)
2) join in by acquiring a small amount and issuing their own versions

In reality, both would rather not be involved in crypto. Buts the momentum is already there. The quicker they can join and influence it, the better for them.
We need to give credit to the devs, the nodes and miners. Because the governments and institutions are trying thier best to ruin it!

[davis196]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom. You can send money across borders without asking permission, protect your savings from inflation, and support causes even when governments try to silence them.

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

So you are saying that BTC transactions cannot be tracked? Really? Are you using Bitcoin mixers?
How does Bitcoin make you financially free? If you are paying taxes, then you are under government control, which means you are not financially free. Are you suggesting that you are not paying any taxes only because most of your earnings are in crypto? If that's the case, I think that you are "financially free" because the tax revenue clerks in your country are lazy and incompetent, not because of Bitcoin/crypto.
You are right with your last sentence. The people always manage to find loopholes in government rules and regulations.
AFAIK, there's no hyperinflation in Argentina anymore. Millei's reforms were kinda successful.

[Taskford]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom. You can send money across borders without asking permission, protect your savings from inflation, and support causes even when governments try to silence them.

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

So you are saying that BTC transactions cannot be tracked? Really?
How does Bitcoin make you financially free? If you are paying taxes, then you are under government control, which means you are not financially free. Are you suggesting that you are not paying any taxes only because most of your earnings are in crypto? If that's the case, I think that you are "financially free" because the tax revenue clerks in your country are lazy and incompetent, not because of Bitcoin/crypto.
You are right with your last sentence. The people always manage to find loopholes in government rules and regulations.

Everything is recorded on blockchain so transparency thing is out especially that everything can be viewed especially by those authorities.

Also we cannot say actually that we are out of government control. Since we actually could see that there are so many regulations done by the government just to make the platforms operating on their country is compliant on their laws.

We can also see that Trump have power to manipulate people just like those dumping effect made by his crazy tweets. So overall we are not heading into that thing mentioned by OP but rather government still have control on things we do online also and provably in Bitcoin to.

[yudi09]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

The presence of Bitcoin as a currency system is quite noticeable for people who prioritize privacy. Unfortunately, not everyone can use Bitcoin as a currency because they are hindered by regulations made by lawmakers in their country of residence.
In reality, Bitcoin is a breakthrough that makes the banking system more transparent regarding transactions, provided one knows the intended Bitcoin address. 
This is particularly suitable for countries with governments plagued by high levels of corruption.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

Bitcoin is more than just an investment, and Bitcoin is more than just a price.

[henmark]

That’s exactly the goal why we have bitcoin. Although it isn’t visible for now, but in the long run hopefully we will gain financial freedom from the government and the banks. People now are still engrossed on using bitcoin as an asset for investment, that’s because bitcoin can also be used as a profitable investment more than a currency. But still the goal for bitcoin is to utilize it as a currency so that financial freedom will definitely be visible in the end.

It might still take some time for bitcoins to be accepted as a currency and not just as an investment tool. I think, bitcoins are doing really well when it comes to investment tool but for them being accepted as a currency will take a while. To do so, almost everyone should have a bitcoin wallet and should know how to transact bitcoins.

Yes, our community is quite big here yet there are millions or people who are still unaware about bitcoins and don't even know the existence of bitcoins. If bitcoins are to be accepted as a currency then even those people should know about bitcoins and should know how to encash them because those are the people who consists of small vendors and shops which we mostly rely on. We can only use bitcoins as a currency if those small vendors start accepting bitcoins so we can spend them in our day to day life.

[henry_of_skalitz]

Everything is recorded on blockchain so transparency thing is out especially that everything can be viewed especially by those authorities.

Also we cannot say actually that we are out of government control. Since we actually could see that there are so many regulations done by the government just to make the platforms operating on their country is compliant on their laws.

We can also see that Trump have power to manipulate people just like those dumping effect made by his crazy tweets. So overall we are not heading into that thing mentioned by OP but rather government still have control on things we do online also and provably in Bitcoin to.

BTC is secure, not anonymous.

And that point was discussed many times already, in fact..

[Tamaperdana]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom. You can send money across borders without asking permission, protect your savings from inflation, and support causes even when governments try to silence them.

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

Yes, and the person responsible for all of this is, of course, the creator of Bitcoin, Satoshi, because even though we don't know who he is, he is definitely a good person and also a super genius. Because he was able to create an asset or currency that is truly decentralized, like Bitcoin. So I am also truly grateful that Bitcoin exists on this earth. Because honestly, it was after learning about Bitcoin that I immediately realized that all this time I had been under the control of the government. So, in essence, the presence of Bitcoin has really given me a better perspective on finance.

Because, as we know, Bitcoin seems to be saying that we shouldn't continue to be enslaved by the government. Because, fundamentally, it is not the government that should be in power, but the people. After all, the government is elected by the people. So, if the people don't elect anyone, there won't be a government. And yes, Bitcoin is not just about making a profit. Its important value is that it truly provides us with many benefits, such as protecting the value of money from inflation.

[Ishicryptic]

Bitcoin was created basically for privacy and freedom, despite all it's achievements over the years it has maintained these fundamental features, it depends on holders to decide if they want the privacy and freedom or not. Although I believe that most holders are more concerned about Bitcoin investment profit than it's privacy and freedom, they don't mind submitting KYC to buy and sell their Bitcoin. But for those who still hold their Bitcoin for privacy purpose nobody can deny them of their freedom and choice of holding and transactions, they can hold in none custodial wallets and do p2p transactions with only a second party. Bitcoin is decentralized and it gives choice to it's holders, it is something that any government cannot control.

[Muba20]

Earlier, one could not find any alternative to keep the value of his assets, now Bitcoin is working as a good alternative. Bitcoin is now working as a symbol of trust to protect against political instability or revenge. No one can steal someone's assets if they keep their assets in Bitcoin. People have been under the control of the government for a long time, but now they can be completely free. Bitcoin is not only giving people financial freedom, it is also helping people preserve wealth and give the opportunity to create permanent assets.

[Nexus9090]

Earlier, one could not find any alternative to keep the value of his assets, now Bitcoin is working as a good alternative. Bitcoin is now working as a symbol of trust to protect against political instability or revenge. No one can steal someone's assets if they keep their assets in Bitcoin. People have been under the control of the government for a long time, but now they can be completely free. Bitcoin is not only giving people financial freedom, it is also helping people preserve wealth and give the opportunity to create permanent assets.

That is a really naive statement.

Bitcoin is worthless other than a trading asset, the only time it has value in the real world is when it gets converted back to fiat.

Immediately that happens you're subject to government interference, taxation and legislation. You're not free from anything.

You could not live your life normally just by using bitcoin, you cannot buy your groceries with it, you cannot pay your energy bills with it you cannot pay your mortgage with it until it is transferred back to fiat.

It has no intrinsic value in normal life until it becomes fiat or a physical asset.

While there may be some services and some products you can pay or buy purely in bitcoin, you just simply could not lead a normal life just using it for daily transactions.

Don't try and tell me otherwise, after all who are you lying to me or yourself?

Governments could turn bitcoin off at the flick of a pen if they wanted to. They'd just legislate to make ISP's block all P2P data carrying bitcoin data and then they'd legislate to ban the use of bitcoin in the country along with banning the mining of bitcoin.

What happens to your freedom when that occurs. The ISP's wont listen to you they'll just follow the instruction of government.



 

[Abiky]

Earlier, one could not find any alternative to keep the value of his assets, now Bitcoin is working as a good alternative. Bitcoin is now working as a symbol of trust to protect against political instability or revenge. No one can steal someone's assets if they keep their assets in Bitcoin. People have been under the control of the government for a long time, but now they can be completely free. Bitcoin is not only giving people financial freedom, it is also helping people preserve wealth and give the opportunity to create permanent assets.

The full benefits of Bitcoin are obtained by keeping custody of your own coins (non-custodial). But people these days prefer convenience, so they will sacrifice their freedom by leaving their Bitcoin in a centralized exchange or wallet. That's far from breaking "free" from government control. Imagine if most of the circulating supply ends up in the hands of CEXs and "Wall Street". It would be an end of an era for good.

For now, you're free to use Bitcoin in any way you wish. Hopefully, it stays that way forever. Just my opinion.

[Fivestar4everMVP]

Look at what’s happening in countries with abusive governments... people in places like Venezuela, Nigeria, and Argentina use Bitcoin to survive hyperinflation and avoid frozen bank accounts. Even activists and journalists in countries with censorship rely on Bitcoin to receive support safely.

For me, Bitcoin is more than just investment or profit. It’s proof that no matter how powerful governments become, people will always find a way to take back control.

Indeed, Bitcoin has done more good in our different societies and countries around the world than we can simply imagine, bitcoin has not only given us freedom of finance which  is something the government initially had full control over, but it has as well made alot of us free from financial stagnation, instabilities and struggles, bitcoin has created more jobs in all the countries of the world much more than the government in those countries, no wonder some government feel threatened by bitcoin and have banned it over and over again, a good example is china..

So yeah, bitcoin indeed have given most of us financial freedom and independence from both the government and people around us.

[Text]

Bitcoin represents so much more than just financial gains, it’s a symbol of self-sovereignty and resilience in a system that often feels stacked against ordinary people. What really stands out to me is how it gives individuals in unstable or oppressive regions a genuine alternative, one that isn’t dictated by borders, banks or bureaucrats. I think the real beauty is it restores a sense of empowerment and trust back to us no matter how many regulations or restrictions governments try to impose, the core idea behind it is freedom through decentralisation that continues to thrive, it’s inspiring to see how technology can become a tool for our independence.

[CryptoBuds]

Indeed, Bitcoin has done more good in our different societies and countries around the world than we can simply imagine, bitcoin has not only given us freedom of finance which  is something the government initially had full control over, but it has as well made alot of us free from financial stagnation, instabilities and struggles, bitcoin has created more jobs in all the countries of the world much more than the government in those countries, no wonder some government feel threatened by bitcoin and have banned it over and over again, a good example is china..

So yeah, bitcoin indeed have given most of us financial freedom and independence from both the government and people around us.

Bitcoin creates jobs, is that true? How can Bitcoin create jobs when it is just a decentralized currency system or a financial instrument? Did Satoshi or the bitcoin whitepaper ever mention this? You confuse me because I read about white paper but never saw it said that bitcoin will create jobs for people.
Let's be realistic, bitcoin itself cannot create jobs because it is not an organization, company or founder. To be more precise, it is simply a catalyst for organizations and companies to create new jobs and thereby create more jobs for people.

Many governments ban it because they fear losing control of their people, not because they fear it will create jobs or bring profits to their people. If bitcoin can create jobs or bring profit to people then it is good because more rich people will make a strong country.

Not everyone who invests in bitcoin will make a profit and become rich. Only those with the right vision and knowledge can benefit by investing in bitcoin. Therefore, Bitcoin only brings financial freedom to those who know how to take advantage of it, not to everyone. Also, bitcoin does not free us from government control, we are still under their control.

[LDL]

If the nature of Bitcoin is decentralization, then it certainly believes in freedom. When we keep money in the bank, when I go to withdraw my own money, I have to withdraw the money according to various government regulations. Many times you have to maintain a long serial number in the bank to withdraw money and face a lot of trouble. In this case, if you are holding Bitcoin, then you can sell Bitcoin from that holding Bitcoin to meet your needs. Because in this case, your Bitcoin is under your control, that is, you are the controller of your Bitcoin. Bitcoin is not controlled by any third party and there are no government regulations to withdraw and deposit Bitcoin. You are free here and your free thinking will work. Bitcoin guarantees that transactions can be made without any restrictions.

[YOSHIE]

I just want to say, I’m really thankful that Bitcoin was invented. Without it, we’d still be fully under government control, every transaction tracked, every move monitored, and every rule forced on us even when it’s unfair.

Not completely free, Bitcoin is still dependent on fiat and banks, yes from an investment perspective Bitcoin is certainly the best solution, maybe we don't need to be afraid of government policies and regulations.

But currently Bitcoin cannot be fully used as an asset for buying/selling goods, we still need fiat and banks, there are advantages and disadvantages in this case, maybe from one side there are good things and there are also disadvantages, governments can still control Bitcoin in other ways, perhaps not in assets, but over exchanges, mining and so on.