Bitcoin starts a new age of endless monetary relief

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cobra2021Full Member
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#1Mar 8, 2022, 09:18 AM
Since the late 1970s, the global economy has been hanging on fiat money. It kinda shows how much faith people have in Central Banks. With Bitcoin coming onto the scene, we’ve entered a time of limitless quantitative easing. It’s a decentralized asset, and guess what, it’s got built-in scarcity. Looking at it now, Bitcoin isn’t just some digital cash. It’s basically a timely shout-out against the failures of flat currencies and those Central Banks. So really, what’s stopping you from taking advantage of a protest they can hardly respond to?
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CalmYieldSenior Member
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#2Mar 8, 2022, 03:21 PM
For a lot of people, as we get closer to 2030 there will be more and more fear about getting into Cryptocurrencies.  In Europe at least, the Governments will put a lot of pressure on to Cryptocurrency holders because it looks like they are trying to make Bitcoin look like an unsafe Asset and will try to milk as much as possible out of our Wallets through Taxes and such. Other wise, the only barrier for most people is uncertainty and lack of knowledge.  Too few people have enough knowledge to use a Bitcoin Wallet even today and being thrown the same 'Bitcoin is a Scam' news every now and then does not help with making them more interested to find out how Bitcoin works.  People have their brains way too washed to understand that Bitcoin would have so far saved them from inflation and financial disaster.  Stocks providing 2 to 3 percent revenue per year seem like their preference still. They are too asleep in the Fiat world that is pretending to do just fine to realize Fiat can not be really saved.
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raven_maxiSenior Member
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#3Mar 8, 2022, 05:06 PM
Bitcoin is not a protest, don't make it sound political or some rebel forces. Bitcoin is a digital asset and it offers unique values that the traditional financial system has been lacking, but that doesn't make Bitcoin a protest or what ever you called it. Bitcoin exposes and correct the flaws that the traditional financial system has, Bitcoin gives opportunities for privacy and anonymity making it even more sorted after. And now investors want some too.
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eric23Senior Member
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#4Mar 8, 2022, 07:42 PM
Bitcoin might have unique quality that gives it the ability to stand as a threat to the fiat and all financial system that are collectively decentralized but politicizing it is completely unnecessary. the era that bitcoin brings gives an those involve the option of either depending on the fiat or looking out for bitcoin as an alternative to the limitation of the fiat. it potential gives a sense of relief to all holders but there is still no need to make it look like we are at a war with every other thing that is not associated with bitcoin. we can be bitcoin lovers and not hate on anything that is not decentralized knowing fully well that we are still making use of them till the present day.
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alpha_maxiFull Member
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#5Mar 8, 2022, 11:58 PM
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". There certainly was a political component to it - protesting the unlimited bailouts, enabled by a fiat currency that wouldn't otherwise have happened as easily -- just as many things are enabled by fiat that wouldn't otherwise be viable without it.  e.g. endless wars financed by inflation of fiat currencies so that the populace is fleeced at a rate of 3%-XX% per year.
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king2011Full Member
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#6Mar 9, 2022, 02:11 AM
The 2008 financial crisis was the most glaring evidence that trust in the fiat system was not only tested but also abused. We also discovered structural flaws, permanent deficits, unlimited money printing, and an increasingly unequal distribution of wealth. Bitcoin, as a digital currency, is the most efficient symbol of protest against the monopoly of monetary policy that relies on a fiat currency system whose entire value rests on trust in central monetary institutions. I believe Bitcoin is a tangible form of quantitative tightening because it is immune to policy manipulation and political intervention. Bitcoin introduces verifiable scarcity, individual sovereignty over value and time, and transparency without a central authority. The simple answer to your question is a reliance on the convenience of the old system. Most people still rely on the illusion of stability offered by central banks, when in fact, that stability is built on debt and inflation that continue to suppress people's purchasing power. While Bitcoin represents a logical evolution in global value management, I cannot ignore the fact that diversifying into assets with a programmable supply and free from intervention is a rational step to protect intergenerational wealth.
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davechadMember
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#7Mar 10, 2022, 04:15 PM
The scarcity brings about more added value to it since the more scarce a resource the more demand surpass supply and this makes Bitcoin increase in value as an asset which addresses the issue of unlimited Fiat printing which decreases it's value steadily and increases inflation. Bitcoin isn't a protest but a solution to the limitation of Fiat and traditional finance system which has a central authority and needs you to trust a middleman who has control over your funds. Bitcoin eliminates the trust placed on tradefi system by introducing a P2P transaction model which allows you to interact with the peer directly and also gives you total authority over your funds and the right to spend it how and whenever you want.
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alt_2021Full Member
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#8Mar 10, 2022, 09:50 PM
Even Satoshi made it very clear in the bitcoin whitepaper that it was created as an alternative to the traditional financial system. He never created it to replace, to compete with the traditional financial system and banks. However, many bitcoin investors have twisted the concept and spread bitcoin is a protest and was created to fight against governments and banks. These have created unnecessary misunderstandings and conflicts between the government and the bitcoin community. So far, the government has legalized bitcoin and is slowly becoming more friendly towards it, but it is confusing that many people still want to spread these things to prolong this unnecessary conflict.
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d3g3n51Member
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#9Mar 12, 2022, 11:37 PM
Bitcoin offers something that the traditional financial system does not, making it a very attractive alternative for those who recognize its advantages. As you said, Bitcoin's decentralized nature and programmed scarcity make it a protest against inflation and uncontrolled monetary policy. Bitcoin is still very young, but look at how it has developed, it is truly an extraordinary achievement that was never imagined before, so it is very natural that Bitcoin has not been fully accepted as a legal currency in various countries. The government is also very aware of the presence of Bitcoin as a threat to their kingdom in controlling the financial system, but they also cannot completely reject the presence of Bitcoin so they must take wise steps to embrace it in order to gain benefits from Bitcoin. It is also worth emphasizing that every disadvantage always has advantages. Bitcoin has the potential to become a very valuable asset in the future, especially if public interest in adopting it as an alternative to traditional currencies increases.
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RogueMoonFull Member
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#10Mar 13, 2022, 02:49 AM
Bitcoin has challenged peoples faith in the entire central banking system. Whereas a fiat currency could be infinitely increased in quantity, eventually driving its value to zero, Bitcoin operates within a framework of specific scarcity, which is a completely different realm. you know, it has been developed as the first built in safeguard against economic catastrophe. Bitcoin is an alternative that is not just a protest, but a realistic solution, one that is transparent, decentralized &  sustainable
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fox_2021Senior Member
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#11Mar 13, 2022, 08:28 PM
Actually bitcoin is as political as it can get but I am not talking on a political party level, bitcoin is above that. Look what Trump did to win the elections. It became friendly to crypto suddenly because he knew he had to. He just couldn’t ignore us. Kamala ignored us and look what happened, she lost. Bitcoin is indeed political because money is political but not in the way you think. At this point bitcoin shapeshifted from being just a commodity to a political and financial movement. It is indeed a protest. A protest against the central banks that print FIAT massively, create inflation, raise the national debt. Bitcoin is a FU to all that.
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humblefarmSenior Member
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#12Mar 13, 2022, 10:20 PM
Government strict policies are a major challenge to the use of Bitcoin. There are several campaigns to portray Bitcoin as a threat to national security. In some countries, Bitcoin is banned or citizens are forced to do KYC  because the government claims that the currency is used for illegal activities. These have made people use Bitcoin through centralised platforms, which is against what it was created for.
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DarkLaserMember
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#13Mar 14, 2022, 03:51 AM
Go outside and ask some people what they think about crypto... A few days ago, I heard that Bitcoin created AI, and that all the crypto miners are powering it. Yes, the Bitcoin network is processing all the information on the internet and sending it to certain centers... I really tried to explain to them that it only records and verifies financial transactions on its blockchain... but what do you think, did they understand? Fast forward to the 21st century, and with all the available information, some people still live in the Stone Age... and they don't even wish to listen & learn. So I really hope that some new generations will be smarter, but when I check out some "new kids", I have a feeling that things will stay the same... or it's going to be even crazier.
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miner2011Senior Member
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#14Mar 14, 2022, 06:12 AM
You know, Bitcoin has a uniqueness, and this is what attracts many whale investors or large companies around the world right now, leading them to have an interest in investing large sums here. This is because they have seen many of their acquaintances, big businessmen, who do not hesitate to invest in Bitcoin. This means they see it as a huge opportunity in the future. For example, Michael Saylor, a billionaire in the world, is completely fascinated by Bitcoin in terms of investing here most of the time he has funds available to purchase it.
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lynx07Member
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#15Mar 14, 2022, 06:22 AM
In today's global economic development, Bitcoin is growing as a major commodity. The strength of the Bitcoin community worldwide makes it one of the most sought-after assets for maintaining wealth or as a medium for profit-making as a trader reaping daily profits from short-term buying and selling. I see several perspectives from economic analysts who position Bitcoin as a solution to address fast, cross-border transactions without any obstacles from authorities. Therefore, with this convenience, Bitcoin is increasingly in demand among its community. Currently, Bitcoin interest is so great that everyone, including governments, has competed to store Bitcoin as their national asset in the hope that its value will continue to grow and their countries will be financially stable.
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#16Mar 16, 2022, 05:54 PM
I think even before the government interference became a thing in the crypto scene, there is already a centralized exchange. What about Mt.gox? Isn't that a kind of a centralized exchange? I'm not sure if KYC is invented along with it but it may not also be mandatory. Bitcoin is a stand alone currency but a crypto exchange is only a business and doesn't impact the stance of Bitcoin no matter what is their protocol. Not all governments are against Bitcoin and then many of them now supports it in exchange for a regulation. So I don't really consider it as a major challenge but for me, it was the knowledge, the volatility factor, the fees, and others...
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greg.bearMember
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#17Mar 16, 2022, 11:01 PM
People would always want to spread lies that they've perceived instead of doing their efficient researches to know the correct information about an innovation. Bitcoin is an alternative, it always is and I don't even see the possibility of Bitcoin replacing Fiat now or in the near future. Bitcoin was created in response to the loss of value, centralization and censorship of Fiat and tradfi systems and gives people power over their finances against trusting it to a third party, therefore promoting a pure peer to peer transaction modern eliminating trust and allowing you to be able to spend as much of your funds as you want without restrictions from the government. It also offers investors an opportunity to escape the effect of inflation and depreciation applicable to saving your funds in Fat.
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ColdBossFull Member
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#18Mar 17, 2022, 01:42 AM
Bitcoin was never meant to be a protest or a symbol of rebellion it’s simply a digital asset that solves problems the traditional system couldn’t fix it gives people a way to store and move value without needing a bank or middleman that doesn’t make it anti government it just makes it independent. Satoshi didn’t create bitcoin to fight the system he created it as an alternative something that could exist alongside fiat not replace it people just twisted the meaning over time and made it sound political maybe because it challenges how money works but that doesn’t mean it was made to destroy anything. Now that governments are becoming more open and even creating laws for crypto it’s clear that bitcoin is not the enemy it’s innovation some people still spread the old idea that it’s a protest but that’s because they don’t really understand what it stands for or they just like controversy. Bitcoin’s real strength is freedom and control it gives privacy ownership and protection from inflation it’s about being able to manage your own money anytime anywhere without permission from anyone that’s the real message behind bitcoin not rebellion not protest just financial independence and choice.
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