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

[Abiky]

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.

That is only true if you hold the keys/seeds to your Bitcoin (via a non-custodial wallet). You'd also need to use a decentralized exchange or non-custodial P2P trading platform if you don't want to deal with KYC. Only this way, true freedom from the government can be achieved. Many people don't know this, as they're only into Bitcoin for the money. They use centralized wallets and exchanges out of convenience. All without knowing the risks of doing so.

I hope that as Bitcoin becomes more popular, more people will get to realize its true benefits. Banks, governments, and "Wall Street" might buy all of the Bitcoin they can, but they will never be able to control the core Blockchain network. So long as there are various nodes and miners distributed around the world, there should be nothing to worry about. We'll see what happens in the long run.

[AmoreJaz]

I've had discussions about Bitcoin with people who are in charge of the government because they were my lecturers in the university. To be honest, I feel like they were brainwashed about Bitcoin and thought that it was only used for illegal transactions and etc. It's still quite hard to tell whether they were brainwashed or they knew exactly what they were talking for their own benefit but I feel like they were brainwashed. Btw they also admit that they didn't care too much about regulating Bitcoin in my country because it would be an extra headache for them.

Ignorance will give such misconception but once they educate themselves and learn more about this market, I would say, their perspectives will surely change. Because ignorance will give them false expectations and wrong concept of this market, especially if they are seeing news of scammers and all because of crypto. But we all know that the technology itself is actually ground breaking, but the people who are utilizing it are the real problem of this system. And so, people need to educate themselves to really know the true nature of this currency. And I would say, their approach will change once they start learning the concept behind of this currency.

[Iranus]

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.

That is only true if you hold the keys/seeds to your Bitcoin (via a non-custodial wallet). You'd also need to use a decentralized exchange or non-custodial P2P trading platform if you don't want to deal with KYC. Only this way, true freedom from the government can be achieved. Many people don't know this, as they're only into Bitcoin for the money. They use centralized wallets and exchanges out of convenience. All without knowing the risks of doing so.

Yes, we will truly get rid of the government if we combine noncustodial wallets with decentralized platforms. In case if we only use noncustodial wallet but still use CEX or centralized platform with KYC for trading. We are still under government control, and I guess most of us do it this way because, as you said, it is convenient and easy. We have not yet achieved the true freedom we think we have.

But my question is, do we really want freedom and that's why choose bitcoin, or are we just in it for the profit?

[Just Say]

Since the advent of Bitcoin, it has ensured that we have financial freedom but you should know that the transactions of this coin are recorded in a public ledger and it is a decentralized ledger, so it's not outside of trucking, although it has improved our quality of life in this sector. As a result of Bitcoin giving us financial freedom, now banks or politicians cannot touch it because everyone has personal freedom here, even if your seed phrase or pass key is safely protected then all the control of that Bitcoin is on you, so after ensuring this, you can be free from worries. Moreover, at present there is a foreign exchange crisis in almost many countries due to which the amount of inflation is increasing there but this Bitcoin is being used as a hedge to avoid inflation there, and their perspective has certainly changed.

[shield132]

I've had discussions about Bitcoin with people who are in charge of the government because they were my lecturers in the university. To be honest, I feel like they were brainwashed about Bitcoin and thought that it was only used for illegal transactions and etc. It's still quite hard to tell whether they were brainwashed or they knew exactly what they were talking for their own benefit but I feel like they were brainwashed. Btw they also admit that they didn't care too much about regulating Bitcoin in my country because it would be an extra headache for them.

Ignorance will give such misconception but once they educate themselves and learn more about this market, I would say, their perspectives will surely change. Because ignorance will give them false expectations and wrong concept of this market, especially if they are seeing news of scammers and all because of crypto. But we all know that the technology itself is actually ground breaking, but the people who are utilizing it are the real problem of this system. And so, people need to educate themselves to really know the true nature of this currency. And I would say, their approach will change once they start learning the concept behind of this currency.

I don't think that their approach will change. They are the part of the government, which thinks very differently. Don't really think that the government does things to improve the life of people and they really care about them. When people come into the government, all they care about (at least in my country) is power. With the power they gain, they can earn millions of dollars and remain untouchable. Recently, very strangely, the local government is hunting on its members and is arresting lots of their own very loyal members, who happened to be earning millions of dollars through secret deals and money laundering.
Maybe the government is good in countries like Norway and a few other ones but the rest of the world is in a terrible situation, especially countries that were once part of the soviet union.

[nemesis_incarnate]

Yes, we will truly get rid of the government if we combine noncustodial wallets with decentralized platforms. In case if we only use noncustodial wallet but still use CEX or centralized platform with KYC for trading. We are still under government control, and I guess most of us do it this way because, as you said, it is convenient and easy. We have not yet achieved the true freedom we think we have.

But my question is, do we really want freedom and that's why choose bitcoin, or are we just in it for the profit?

Each decides for himself why he chooses BTC.

But usually people start to appreciate freedom only when they had a bad situation related to it.. frozen funds, so on.

[SuperBitMan]

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.

That is only true if you hold the keys/seeds to your Bitcoin (via a non-custodial wallet). You'd also need to use a decentralized exchange or non-custodial P2P trading platform if you don't want to deal with KYC. Only this way, true freedom from the government can be achieved. Many people don't know this, as they're only into Bitcoin for the money. They use centralized wallets and exchanges out of convenience. All without knowing the risks of doing so.

Yes, we will truly get rid of the government if we combine noncustodial wallets with decentralized platforms. In case if we only use noncustodial wallet but still use CEX or centralized platform with KYC for trading. We are still under government control, and I guess most of us do it this way because, as you said, it is convenient and easy. We have not yet achieved the true freedom we think we have.

But my question is, do we really want freedom and that's why choose bitcoin, or are we just in it for the profit?

I really don't think with KYC we are under government control, even if we want to stay away from government control the government still needs to do there duty to make sure the society is crime free and one of the way to do that is making sure criminals using cryptocurrency can still be identified.
Now what we mean by being free from government control is that there policy's won't affect our finances any more like in my country because of bad government our currency is losing value but if you have your money in Bitcoin you won't be affected by that.

You asked a very good question, people are investing in Bitcoin for different reason, some are investing in Bitcoin because of the profit they will make from it while some are also investing in Bitcoin so that inflation will not affect them, there are so many reasons why people are investing in Bitcoin what ever maybe the reason choosing Bitcoin is a very good option, but I believe majority of people are into Bitcoin Because of the profit they can get from it.

[fikrett]

^ Profit would always bring more people to the table than any other ideal, be it from BTC or any other coin.. Sadly or fortunately, that's how we view things, people do be loving stability and money made from a coin than what it represents.

[dunfida]

I've had discussions about Bitcoin with people who are in charge of the government because they were my lecturers in the university. To be honest, I feel like they were brainwashed about Bitcoin and thought that it was only used for illegal transactions and etc. It's still quite hard to tell whether they were brainwashed or they knew exactly what they were talking for their own benefit but I feel like they were brainwashed. Btw they also admit that they didn't care too much about regulating Bitcoin in my country because it would be an extra headache for them.

Ignorance will give such misconception but once they educate themselves and learn more about this market, I would say, their perspectives will surely change. Because ignorance will give them false expectations and wrong concept of this market, especially if they are seeing news of scammers and all because of crypto. But we all know that the technology itself is actually ground breaking, but the people who are utilizing it are the real problem of this system. And so, people need to educate themselves to really know the true nature of this currency. And I would say, their approach will change once they start learning the concept behind of this currency.

I don't think that their approach will change. They are the part of the government, which thinks very differently. Don't really think that the government does things to improve the life of people and they really care about them. When people come into the government, all they care about (at least in my country) is power. With the power they gain, they can earn millions of dollars and remain untouchable. Recently, very strangely, the local government is hunting on its members and is arresting lots of their own very loyal members, who happened to be earning millions of dollars through secret deals and money laundering.
Maybe the government is good in countries like Norway and a few other ones but the rest of the world is in a terrible situation, especially countries that were once part of the soviet union.

A lot of people notice too when talking to government officials or academics about bitcoin most of them only see what the media has been saying for years about crypto being used for scams or money laundering and they just stick to that view without even trying to learn what the technology really stands for it’s easier for them to dismiss it than to actually understand it. Ignorance plays a big role here because if they really took time to study blockchain technology they would see it’s not about illegal transactions it’s about decentralization transparency and financial freedom but since it threatens the traditional system that gives them control it’s natural that they’ll treat it as a threat not a tool.

And yeah in many countries government officials don’t really care about the potential of crypto because it doesn’t benefit them directly they’d rather maintain the system that keeps them in power and lets them move money quietly through their own networks what you said about your government members laundering money through secret deals is something that happens in a lot of places it’s ironic that they call bitcoin risky while their own fiat system is used for the same or even worse crimes. Some countries like norway or switzerland might have a more open and honest government that actually tries to understand and regulate crypto properly but in many others corruption and fear of losing control are the main reasons why bitcoin is still seen as the enemy so maybe it’s not just ignorance but also self interest they know exactly what bitcoin can do they just don’t want to give up their control over money.

[Iamgoat]

Ignorance will give such misconception but once they educate themselves and learn more about this market, I would say, their perspectives will surely change. Because ignorance will give them false expectations and wrong concept of this market, especially if they are seeing news of scammers and all because of crypto. But we all know that the technology itself is actually ground breaking, but the people who are utilizing it are the real problem of this system. And so, people need to educate themselves to really know the true nature of this currency. And I would say, their approach will change once they start learning the concept behind of this currency.

Unfortunately, ignorance they say is a disease but many people including those in authority and academia still view bitcoin through the narrow lens of what they see in the mainstream media. Most of these people who belong to the older class of age see bitcoin as scam and money laundering platform. It is unfortunate to me because they rarely take time to even understand the deeper innovation behind bitcoin which includes financial freedom through decentralization and transparency. And like you mentioned, once they genuinely take out of their times to study how bitcoin works, their mindsets will definitely change and I know they will also start seeing it as a tool that challenges the monopoly of centralized finance and gives people more control and ownership over their own money. I'm sure they will also pick interest and will want to give it a try immediately.

[henry_of_skalitz]

^ Most oldies are not convinced enough to dig deeper, but those that do - they are in for a ride to understand why BTC truly matters.

Their world is not the same afterward.

[puloweh555]

Thanks to Bitcoin, that's what I keep saying every day because if not for Bitcoin, I don't think the thought of financial freedom we look up to in the future, we would have the zeal to aspire to that because the way our government treats and taxes us in everything, you would believe that they want us to remain under their control, so that they can control and monitor our finances and decides how our financial status would look like, not to grow beyond our earnings that we will think of, having something great for ourselves

Yes, we should be grateful because with Bitcoin we have freedom, not only to achieve financial freedom but also to protect value from inflation. Bitcoin's original ideals are slowly becoming a reality uncontrollable and a way to achieve freedom. Look now at how corrupted fiat is, under the control of central banks they continue to print money while we accumulate it but its value continues to decline.

Furthermore the great thing about Bitcoin is that we can conduct transactions easily, without the hassle of a third party. When traveling long distances, for example abroad, we can easily carry our assets wherever we go. We only need to carry Phase Seed to access them anytime and anywhere. Carrying Bitcoin is even simpler than carrying gold. So Bitcoin is very helpful today in storing value and achieving freedom.

[Nexus9090]

Yes, we should be grateful because with Bitcoin we have freedom

Sorry to bust your bubble; but NO Bitcoin does not give you freedom. Its an illusion.

If governments wanted to they could end Bitcoin in an instant and all of you supposed freedom would go with it.

Stop deluding yourselves, Bitcoin is like any other asset these days, it is under govt. regulation.

As I've said previously in this thread Bitcoin is not as decentralized as you might think.

What happens when govt. legislate to prevent ISP's allowing Bitcoin P2P data to traverse "their" networks?

Bitcoin is completely reliant on other companies infrastructure, these companies are under the influence of government legislation. It will never be free from govt. interference and frees you from nothing.

You cannot buy groceries with it, you cannot pay your bills with it and you cannot live your day to day life spending it.

It is not what you think it is. It has no intrinsic value and what value it has is only realised once it is converted to a physical asset or to fiat. Again both of which are subject to govt legislation.

So, where is the freedom part exactly?

[Ojengonggu]

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.

True that. It's the ultimate "opt-out" button from their rigged system. Watching people in messed up economies use BTC as a lifeline is what makes this more than just charts and lambo memes. It's real-world sovereignty. Not just freedom from something, but freedom to actually own your life. Still early, but that's the unstoppable signal.

[Abiky]

True that. It's the ultimate "opt-out" button from their rigged system. Watching people in messed up economies use BTC as a lifeline is what makes this more than just charts and lambo memes. It's real-world sovereignty. Not just freedom from something, but freedom to actually own your life. Still early, but that's the unstoppable signal.

There won't be much "freedom" if governments manage to accumulate most of the circulating supply. Once the BTC is in their hands, the only way to buy/sell it would be through centralized exchanges. As a result, you'd have to sacrifice your privacy and freedom by complying with KYC/AML rules. DEXs and P2P trading platforms will have so little liquidity that it would be almost impossible to obtain/acquire BTC there.

It's still early like you've said, so hopefully this wouldn't be much of a problem in the long run. At least, governments can't get ahold of network nodes and/or miners. They can simply change the course of Bitcoin (in a good way) if things go south in the future. We'll see what happens...

[Antona]

True that. It's the ultimate "opt-out" button from their rigged system. Watching people in messed up economies use BTC as a lifeline is what makes this more than just charts and lambo memes. It's real-world sovereignty. Not just freedom from something, but freedom to actually own your life. Still early, but that's the unstoppable signal.

There won't be much "freedom" if governments manage to accumulate most of the circulating supply. Once the BTC is in their hands, the only way to buy/sell it would be through centralized exchanges. As a result, you'd have to sacrifice your privacy and freedom by complying with KYC/AML rules. DEXs and P2P trading platforms will have so little liquidity that it would be almost impossible to obtain/acquire BTC there.

It's still early like you've said, so hopefully this wouldn't be much of a problem in the long run. At least, governments can't get ahold of network nodes and/or miners. They can simply change the course of Bitcoin (in a good way) if things go south in the future. We'll see what happens...

This is the real endgame risk imo if govs become the dominant whales through seizures or ETFs, they control the on-ramps it centralizes the entry points, which is almost as bad as controlling the protocol P2P liquidity drying up is a scary thought.