Honestly, I'm super grateful that Bitcoin exists. If it weren't for it, we'd still be living under strict government control, where every transaction is tracked, every move is watched, and unfair rules just keep getting enforced.
Bitcoin offers us a way to achieve financial freedom that banks and politicians can't just meddle with. You can transfer money internationally without asking for anyone's approval, shield your savings from inflation, and back causes that the government might try to silence.
Just look at the situation in countries with oppressive regimes... folks in Venezuela, Nigeria, and Argentina are using Bitcoin to cope with hyperinflation and to avoid having their bank accounts frozen. Even activists and journalists in areas facing censorship lean on Bitcoin for safe support.
For me, Bitcoin isn't just about making money or investments. It stands as proof that regardless of how powerful governments get, people will always figure out a way to reclaim their autonomy.
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.
Those who understand what Bitcoin actually can do and how useful it actually is will find that the profits generated through Bitcoin will become of secondary importance to them, and they will start liking its functionalities and properties. Most people these days, unfortunatly, don't even know why Bitcoin was created in the first place, all they know about it is that it's an asset that people can use to make investments and make money.
People like you who understand the actual use case of Bitcoin are rarely found anymore, and that's very unfortunate, if you ask me.
Bigger countries play it smart and just implement BTC into their existing services. So it's still up to you whether you want your custody or not, with BTC or any other crypto, imo.
BTC is true freedom, yet because of it, all the parties may use it to twist said meaning and true purpose.
Bitcoin was not only made for the valuability of preferring profits of holding values but also other use case such as it unification network consensus that transactions can be made across borders while users privacies remains intact and still keep self custody of users funds without the impact of a third party nor authorities to give directive of when and how to use your funds under regulatory system.
So there are lot of factors that drives individuals interests globally on the adaptation of bitcoin. Let's us recognize it digital factor that it keeps values safe against natural disasters which is also one of it characteristic that bitcoin is breaking the terror of uncertainty and the tension of loosing economic values and the deprivation of individual monetary rights.
Yes, apart from the fact that there are people who don't care about privacy and, for example, buy bitcoin and store it on CEX, there are also very restrictive laws such as those in the EU. So we haven't gotten off that lightly. If you live in the EU, you can't spend bitcoin or exchange it for fiat without KYC within the law. The only thing that escapes this are p2p exchanges, but they represent a very small space.
Here in my country, Brazil, we are suffering greatly from extremely high taxes, a corrupt government, high crime rates, and a government that wants to tax all of our financial transactions and investments...
And BTC is emerging as a great and almost unique opportunity for citizens to have some certainty and security for the future
It is not yet commonplace in the daily lives of most of the population, but people are asking more about BTC, wanting to know how to protect themselves, etc
Sometimes we think we will never really need something like this, but when the situation starts to get worse, it is an immense privilege to have a little BTC saved for the future
You are very right that bitcoin is a financial freedom but do not forget that Bitcoin transactions can also be tracked and monitored as well. Nowadays even mixers are beginning to request for some KYC. So I'm trying to tell you that Bitcoin transactions as very much transparent. The most important thing is that it can not be controlled by the government. You can always have full control over your Bitcoin asset when you have your passkey and your seed phrase. But people who normally keeps their crypto asset on exchange don't really know what they are actually doing because their are not in control of the asset in the CEX.
There are many warnings about centralization, centralized exchanges, platforms and very high risks from them but people mostly don't take valuable warnings into account. They ignored such vital warnings, took risks and believed they will be well bit eventually they won't be well but fall into terrible situations.
Reminder: do not keep your money in online accounts.
Why KYC is extremely dangerous and useless.
Events made you scare about custodial wallets, centralized exchanges.
Bitcoin transactions can be monitored by the government but if youve not used it for anything illegal, then you dont have an issue with that. Transactions here are public and cannot be denied to not be tracked by the authorities when used illegally. When youre using bitcoin for illegal stuffs, you can be tracked because spending it mostly goes through centralized platforms which you may have KYCd on.
Bitcoin was actually invented to serve as an alternative to the fiat currency, so it is very clear that bitcoin is already serving its purpose with the drift into its use by many people. Inflation has been a very serious issue that affects many businesses and households, but with Bitcoin, it has now served as an edge against inflation. The decentralization of Bitcoin till date is what has made Bitcoin stand out amongst other cryptocurrencies, without it being decentralized, we wouldnt have come this far with the adoption of it.
Since banks and governments are the norm, its hard for people to imagine a life without those. Even now, people use centralized exchanges which are comparable to banks to buy, sell, and store their bitcoins in. One might wonder, what is the difference if this is the case? But at least people are starting to wake up bit by bit.
It is absolutely true that btc has really opened us up. We can transact completely without any worries. I can do my transactions as I please, no one is in control. We are really happy to have such a medium. Bitcoin allows me to transact completely freely and move forward. At the beginning no one could have imagined that Bitcoin would become like this.
In Bitcoin every transactions can be fully tracked and monitored hence why it's considered a public ledger
The privacy in it is pseudonymous.
What Bitcoin gave was the ability to be in control of your funds without relying on the government or other third parties.
Or find a way to give control back to the government as we can see with users holding on CEX
Or relying on third parties to hold their Bitcoins.
Yes, we are very grateful for Bitcoin for many reasons, including that it gives us real control over our money and frees us from the absolute control that governments exercised until recently, before the advent of Bitcoin.
However, I fear that governments could indirectly circumvent the great advantages (we have gained through Bitcoin) through centralized third-party services and by imposing KYC and AML restrictions.
We have not fully escaped government centralization, the centralized exchanges we use requires us to submit and verify KYC. Government can monitor how are funds move, if they want to keep record.
It is hard to keep a decentralized body without the government not trying to control part of it, the access to botherless transaction, at our convenience, faster and cheaper fees is the other part of bitcoin that tells us about its decentralized state and not controlled by government.
Bitcoin was majorly introduced in serving as an alternative to the fiat currency we all have been using over years, but it pains when you see that some are given this same privilege and yet they couldn't realize to why it is needed of them to join the decentralized network and have the necessary freedom with their finances, some are not adopting doesn't mean that every does the same, if we have the opportunity, then the earlier the best we grab it and take advantage as many of us already have done by bitcoin adoption.
Government couldn't have done anything related to this in life for us if not for bitcoin, because they had always wanted to be in control of our financial stand, that is why every protocols in centralized finance is base on their regulations to control and authorize, but bitcoin served as a game changer for them all, we don't have to be in fear of taking over what belongs to us, because its all about a decentralized system this time with bitcoin.
Many bank accounts in my country were frozen because the government suspected that the funds inside came from illegal means. At a point people were forced to sell off all fgw foreign currencies in thier account because the Central Bank wants to promote the us of a declining local currency. The government also restricted bank transactions to a certain amount because it claims to be fighting money laundering. But most of these claims are fake. The government simply want to control the financial life of all citizens.
These situations made many people use Bitcoin to bypass these restrictions. Bitcoin's biggest advantage is not profit but freedom, privacy and decentralisation.
Speaking of being free from government control, I think it all depends on the country you're coming from because in my country there are some certain platforms that restrict users from making purchase through bitcoin, Here in my country I barely see people purchasing goods and services online unless they will have to make the order outside the country and before this goods will be delivered it can take probably 3 to 4 weeks or so before the goods can get to the owner. Which there are some certain things that we May want to get as soon as possible then we will have to convert our bitcoin to fiat before we can get those stuffs. Those who are coming from those countries where bitcoin is made a legal tender can boast themselves about gaining financial freedom as they have been giving the right to decide either to hold bitcoin or fiat.but here you can't use bitcoin to make purchase.
And not only does it free us from the tyranny of a dictator government, it also is based on a public ledger. So everything is fair, transparent and incorruptible. That not only protects us from third parties but also protects us from exploits and hacks. We can always check what is happening on the blockchain.
The crazy thing is that the IMF has been giving millions upon millions to all of those countries for years and using the federal reserve as its instrument for these global collateral accounts for other countries and they dont even use the money for the intended purpose because the government is corrupt! The end game is to get full control of these world leaders and habe them in so much debt that they are owned and pushed into a world government scenario where they have full control. Bitcoin is a serious threat to the status quo and probably the most important innovation in the last 100 years!
Bitcoin really does improve our quality of life in that sector.
You can literally send bitcoin anywhere without the need to ask for permission, using bank you'd more likely to be asked where you sent the money, with bitcoin the blockchain just don't care it will process your transaction regardless.
So there's lesser hassle, middle men, and fee involved.
I've rarely used remittance service these days, bitcoin already do all that for me, truly revolutionary.