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

[ndutndut]

From what I can see that govt can seize crypo just like every asset.

But it is not that easy, the government needs a solid ground why they have to seize your asset.  They won't just cease your asset just because they want to.  Besides, if the government doesn't know you have Bitcoin, how can they sieze it from you?

As long as your BTC is clean, coming from legal transactions, then the government has no reason to seize your Bitcoin.

Correct. That's why governments have long been so keen to combat Bitcoin as it's uncontrollable. This is also one of Bitcoin's advantages aside from being an investment asset and an inflation fighting asset. Although many countries are now eager to adopt Bitcoin or even make it a reserve their initial attempts to resist have been unsuccessful.

Governments cannot confiscate Bitcoin unless you store it on a CEX and they can confiscate your assets if they discover your assets at the same time for example if you're breaking the law such as money laundering. Furthermore as long as your assets are kept private they cannot confiscate them.

[Mate2237]

Government all over the world don't want their citizens to be free that, is why inflation all over the world is always on the rise and economic situation is not changing. These are all means to keep citizens under check government use this as a tool in commanding obedience from their followers. This is a world order that has been set up so that only the rich and high class will always be in control.

Government has been fighting the Idea of privacy and decentralization that, Bitcoin offers because government knows that with Bitcoin the citizens are going to break free from the chains that, government has set up for the citizens. This is why government is so much concern about KYC when it comes to Bitcoin.

[Mandoy]

Government all over the world don't want their citizens to be free that, is why inflation all over the world is always on the rise and economic situation is not changing. These are all means to keep citizens under check government use this as a tool in commanding obedience from their followers. This is a world order that has been set up so that only the rich and high class will always be in control.

Government has been fighting the Idea of privacy and decentralization that, Bitcoin offers because government knows that with Bitcoin the citizens are going to break free from the chains that, government has set up for the citizens. This is why government is so much concern about KYC when it comes to Bitcoin.

These are the issues that are justifiable. The process of inflation has taken the form of silent taxation, and it is mostly experienced by the common people as the rich remain safe. Bitcoin is an alternative to this, as it eliminates the control of the amount of money by centralized powers and provides people with greater financial freedom. This change is something that governments inherently feel threatened by and this is why much attention is paid to KYC and regulation. Bitcoin is unlikely to go under government control overnight, but it also provides citizens with an option and a fallback in case the policies undermining trust and buying power continue.

[Achalugo BTC]

Government all over the world don't want their citizens to be free that, is why inflation all over the world is always on the rise and economic situation is not changing. These are all means to keep citizens under check government use this as a tool in commanding obedience from their followers. This is a world order that has been set up so that only the rich and high class will always be in control.

Government has been fighting the Idea of privacy and decentralization that, Bitcoin offers because government knows that with Bitcoin the citizens are going to break free from the chains that, government has set up for the citizens. This is why government is so much concern about KYC when it comes to Bitcoin.

Due to how important and valuable Bitcoin is, it has really make the government to hate crypto the more, more especially as they are unable to control their funds.
Which is why, people are so happy about the creation of Bitcoin because of how it has makes people to become and how free they have become without any disturbance of the government or anyone.
And no matter how the government try their best to terminate crypto or being in charge of it, they can't because its not designed to be so.

[vanesha]

Bitcoin was indeed initially created for payments. However, due to the complexity of its use in the early days, Bitcoin was only used by people who were highly skilled in technology, usually for underground transactions. But as the world evolved, even before Bitcoin was adopted as a means of payment in several countries with high inflation, it had already achieved many milestones. One of them is becoming an investment asset that has benefited many people. Those who saw its huge potential would not be wrong to say, “I will be rich if I invest in Bitcoin,” especially if that was before 2017. Bitcoin is currently the most successful cryptocurrency and already has a strong foundation to be used as a payment method.

[Pale Hornet]

the volume on this latest bounce is quite thin. wouldn't be surprised if this is just a bear flag forming b4 we test lower levels. keep an eye on the bid depth.

[batang_bitcoin]

From what I can see that govt can seize crypo just like every asset.

They can if it's from a criminal or hacked or stolen funds. But they can't just do it without having any warrant of arrest to anybody. They cannot know as well whoever they're going to seize based only on the addresses since it doesn't contain any information from the owner of it. So, it has to start from personal information like from those bad guys and will serve them some warrant and when their assets are seized, could be up for auction or selling or for keeps by the government.

[Abiky]

Bitcoin was indeed initially created for payments. However, due to the complexity of its use in the early days, Bitcoin was only used by people who were highly skilled in technology, usually for underground transactions. But as the world evolved, even before Bitcoin was adopted as a means of payment in several countries with high inflation, it had already achieved many milestones. One of them is becoming an investment asset that has benefited many people. Those who saw its huge potential would not be wrong to say, “I will be rich if I invest in Bitcoin,” especially if that was before 2017. Bitcoin is currently the most successful cryptocurrency and already has a strong foundation to be used as a payment method.

True. The only thing is that Bitcoin is slowly getting dominated by VCs, and institutional investors alike. Sure, the core Blockchain network is decentralized. But if these powerful entities accumulate most of the circulating supply, how will we be able to buy/sell in a private manner? The plan has always been to concentrate the supply of BTC among a few, to force the average person to comply with KYC/AML. That would make Bitcoin semi-decentralized. I wouldn't say we're breaking free from government control under such scenario. More like being sucked into utter slavery. But I could be wrong.

For now, Monero remains the only crypto with true privacy and freedom. Bitcoin will be the digital "store of value", will Monero will serve as digital cash for the masses. Hopefully, decentralization reigns supreme in the future. Just my two sats.

[rezakurnia66]

RIGHT, Bitcoin give us freedom from the government control and our assets can easily freeze by government when holding in the wallet, you can't get freedom if still saving money in the bank every second your transaction tracking and monitoring by the government. If any regulation break or you don't make any mistake yet the government will freeze your money in the bank and easily become the state-owned assets.

Have expectation one day all sector allow to use bitcoin for payment transaction we don't nee to hold or save money in the bank always controlling by government, they don't care about how our process to earn money by working hard but the government come to us when becoming rich to pay them taxes.

[free-bit.co.in]

RIGHT, Bitcoin give us freedom from the government control and our assets can easily freeze by government when holding in the wallet, you can't get freedom if still saving money in the bank every second your transaction tracking and monitoring by the government. If any regulation break or you don't make any mistake yet the government will freeze your money in the bank and easily become the state-owned assets.

The government can track or freeze your assets if they are deposited in a bank. But that shouldn't be exaggerated, because they won't arbitrarily freeze or seize your assets unless you've committed a crime or are involved in terrorism. I have never seen a bank brazenly freeze someone's assets without a specific reason.

Have expectation one day all sector allow to use bitcoin for payment transaction we don't nee to hold or save money in the bank always controlling by government,

But that can only happen with government permission, no business or store would dare use bitcoin if the law didn't allow it.

Furthermore, no government or bank forces us to deposit and save money in a bank. If you don't trust them, you can simply stop using their services, nobody is stopping you from doing so.

Bitcoin does offer freedom, but honestly, how many people need and use it for that purpose?

[Mpamaegbu]

Bitcoin gave us something that banks and politicians can’t easily touch, and that is financial freedom.

I see that "financial freedom" thing differently from what your content outlined. For me, the creation of Bitcoin kicked off a new industry (crypto industry) and line of opportunities for people to work remotely and earn from it. People in cryptos are now their own bosses, running their own businesses, trading on their own and even earning from crypto fora like this. Except for lazy youngsters, no youngster has any disadvantage of being broke or poor. There are lots of Web3 skills for them to acquire and better their finances. That's all thanks to Bitcoin's creation.

For me, Bitcoin is more than just investment or profit.

Bitcoin was not only made for the valuability of preferring profits of holding values...

Well, we can argue all that. However, it's pertinent to note that Bitcoin's asset ability which wasn't originally why it was created has been its greatest strength that drew popularity to it. I'm sure if Bitcoin were to be a stablecoin it won't be having the type of hype it's having. Most investors don't really care about all other uses it has but its store of value as an asset.

[avp2306]

RIGHT, Bitcoin give us freedom from the government control and our assets can easily freeze by government when holding in the wallet, you can't get freedom if still saving money in the bank every second your transaction tracking and monitoring by the government. If any regulation break or you don't make any mistake yet the government will freeze your money in the bank and easily become the state-owned assets.

Have expectation one day all sector allow to use bitcoin for payment transaction we don't nee to hold or save money in the bank always controlling by government, they don't care about how our process to earn money by working hard but the government come to us when becoming rich to pay them taxes.

Are we actually out of government control if we use Bitcoin? Maybe yeah at some point especially if you are just doing p2p transaction to people around you also online.

But look around, almost all crypto platforms or wallets asked KYC now. Also you cannot convert your Bitcoin to fiat if you need it, if you didn't comply on those KYC processes asked by the platforms.

 So that freedom thing has been slowly taken out since in future maybe government will try to do more strict KYC implementation just to monitor people in this industry. They always use the money laundering and other illegal schemes just to get a justification on those implementations they have done.