Bitcoin: the top contender for neutral money

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cobra2021Full Member
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#1Nov 2, 2018, 11:04 PM
Every fiat currency basically shows off national interests, geopolitical power, and political agendas. Looking at the facts, Bitcoin stands out because it’s politically neutral. No nation can just print more of it, put sanctions on its creation, or mess with its supply. As we move forward, the world might really need a neutral A.I, a neutral internet setup, and of course, neutral money. When we think about neutral money, Bitcoin seems to be the closest thing we’ve got, if it’s not already that.
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nick2013Senior Member
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#2Nov 3, 2018, 04:51 AM
Everything is on point but the "neutral internet infrastructure" is a utopian nonsense. It will always be used for propaganda just like TV and newspapers were before. Fortunately, Bitcoin is immutable in any case. But don't dream about neutral internet infrastructure. Best case is we develop neutral communities that are large enough but even that will be more and more difficult. Rely on everything your own and always have backup plans for any wallets, nodes, servers, proxy/vpn infrastructure etc.
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sam_walletFull Member
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#3Nov 3, 2018, 09:30 AM
Bitcoin doesn't need to push any agenda, it is neutral money as it is with no birders an limitations. The world already needs it as is evidenced in the amount of adoption it has gotten since it was launched. It doesn't need to replace fiats which will always be there due to each nation having their own interests. What the world does not need is neutral A.I
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its_cipherSenior Member
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#4Nov 3, 2018, 10:09 AM
What kind of abstract subject is the world? There has never been anything neutral and there never will be. There will be no neutral AI, no neutral Internet, and there has never been and will never be neutral money. But if one day there is a single state and a single government on the planet, even then there will be nothing neutral (neutral about what?). But such a future is unlikely in the coming decades.
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#5Nov 4, 2018, 02:47 PM
Most likely, and hopefully, we will not see such a unification in our lifetime where there is only one state, one currency, and one government. A scenario like that could probably happen only because of a global catastrophe or some major worldwide disaster. However, what is happening in the world right now clearly creates a need for something that can preserve the value of our savings and still remain accessible for use at any moment in any country with internet access. That is why, in this sense, bitcoin really is neutral. It does not belong to any single country, and absolutely anyone who wants to use it can have access to it.
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whale420Member
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#6Nov 4, 2018, 08:17 PM
Bitcoin is the strongest candidate because it is not controlled by one company, bank, or government. It is global, limited in supply, and anyone can use it without needing permission. That does not make it perfect, but it gives Bitcoin a stronger neutral money argument than most other assets.
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b0ss2016Full Member
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#7Nov 4, 2018, 09:03 PM
The fact that no one is able to fully control it does not mean Neutral. What about manipulation, moving with large capital? Moving with owning a lot of BTC? Conflicts between countries, economy, politics all seem to have a significant impact on Bitcoin. This means the world has a strong influence on where BTC will move. Countries have control over the external side, which makes Bitcoin not completely neutral. As long as the world adheres to a centralized system, it seems there is no neutral AI, neutral internet infrastructure, or neutral money.
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raven_maxiSenior Member
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#8Nov 6, 2018, 07:52 AM
Well yes Bitcoin is politically and geographically neutral and that's what endeared me to it, but right now we have to fight for Bitcoin to remain geopolitically neutral because if we are to be honest many country are try to establish in Bitcoin so powerful that the become the biggest rewarded country from Bitcoin and even worse have the sole control of it. The agenda Bitcoin intends to push is not neutral money but push that through decentralisation and mass adoption is possible.
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raven1337Hero Member
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#9Nov 6, 2018, 10:11 AM
Nope, nope, nope. In the 2024 US elections, crypto was the #1 political donor to candidates, surpassing Big Oil, Big Pharmaceutical, and all of the others. The US president himself owns a half of a billion dollars in Bitcoin, and has vowed to use the power of the US government in order to prop up the price (although he recently sold a bunch of his Bitcoin). Bitcoin is a "political football" in Washington, being tossed around, which deeply affects the price. Indeed, Trump's recent sale of Bitcoin probably spooked the market far more than anything Saylor did since it was an indicator that Bitcoin's current political support may be changing. And let's be clear: if the US government wanted to change Bitcoin, it could change Bitcoin. Yes, a few "hardcores" could refuse to use the fork that the US ordered all banks and brokers use--the only one that could officially be called "Bitcoin" lest the US prosecute somebody for trademark violation--but that fork would have a market cap of about 500 dollars. Everybody else would be forced to use the US-approved fork. So this whole idea that "Bitcoin can't be taken over by the government" is total bullshit. So with all of that out of the way, is an asset that can fluctuate in value +/- 10% in a few days a strong candidate for a "neutral money". Hell no .
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w0lf404Hero Member
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#10Nov 7, 2018, 06:46 AM
What the op means is that bitcoin does not take sides, it only "liberates" allies, namely its owners. This impact only attacks most speculators psychologically, optionally you just need to avoid geopolitical noise to maintain independence. Just because some of the blame for the large Bitcoin hacks has been placed on North Korea doesn't mean it's pro-North Korea.
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im_bullSenior Member
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#11Nov 7, 2018, 08:06 AM
The world is not under the control of a single government; there might never be a neutral internet or a neutral currency. Each government has its own goals and aspirations. Bitcoin is already being used as a neutral currency because it is not under the control of any government. But you are correct, if there will ever be a globally accepted neutral currency, Bitcoin should be the number one choice.
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s33d_moonFull Member
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#12Nov 7, 2018, 02:17 PM
Bitcoin shouldn't be described as being a candidate for neutral money, it's already existing as one. Fiats are generally tied to the interest and policies of the government controlling it but for Bitcoin everyone regardless of nationality, political interest or economic status can use it. It's decentralized so you don't need any government's permission to recieve, hold or send it. Also, Bitcoin is borderless so you don't need any official backing before you can use it in any part of the world. So it's already used as a neutral money. If we get to a point where Bitcoin is globally recognised by every government of the world, it'll surely increase adoption but that doesn't mean that it's neutrality depends on global recognition.
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ryanwizardSenior Member
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#13Nov 7, 2018, 07:13 PM
The more we all needed bitcoin to get the freedom we should have, because this privilege has been taken away from us long time ago and we can only get it by adopting the use of a decentralized digital network as we have it in Bitcoin, for those that has the conscienceness of being tired of the traditional system that has failed us over the time, they never see it in difficult task to adopt bitcoin for their own personal benefits, either they like it or not, bitcoin will always remain the most preferred.
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#14Nov 7, 2018, 07:23 PM
Neutral money? I don't see that happening ever. Why? Because BTC and other popular cryptocurrencies are connected to FIAT currencies globally in some way or another due to which neutrality in this context will most likely never happen. Logic! Personally, I don't really care about the neutral money agenda since what matters more to me is FIAT and crypto coexisting together effectively just like they are currently.
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sage_moonSenior Member
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#15Nov 9, 2018, 10:27 AM
Bitcoin is not politically neutral; it is technically fair and decentralized. And since we're talking about decentralization, whether we like it or not, in current politics and economics, it's a political stance against a system that has been used to control the masses by giving them the illusion of false financial freedom. In any case, instead of being politically neutral, I would define it more as a valuable asset that has forced politicians to look toward it and investigate how to gain access to it in order to maintain control over users through secondary layers. The system doesn't care about money itself; it only cares about it because it's a tool of control.
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#16Nov 9, 2018, 05:45 PM
Bitcoin is one among the safest to use in terms of national crisis it don't have to push for any agenda, it's not like bitcoin is in competition with anything to take over general currency power, its a decentralized currency which any one or any country which feels like they freedom and stay away from swift monetary control can always use it, internet connection will always be a problem until their is a permanent solution which the AI you are proposing can't do the task.
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d4rk5tackSenior Member
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#17Nov 10, 2018, 05:39 AM
I don’t think we both understand this from the perspective of the OP, at least for me what I understand is OP is trying to say that when the world needs to actually have something as money which is not controlled by any country as the neutral currency bitcoin will be that currency since its decentralized and even if I doubt such will happen I think I will agree with OP on that and for me the closest asset to neutral money will be gold but seriously it’s not accessible to everyone. But personally i don’t see bitcoin standing alone as the only currency. So personally just like you I am eager to see bitcoin one day as an alternative to fiat and not actually been seen as the replacement to fiat currency as many have mistakenly make it to look like
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mike_defiFull Member
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#18Nov 10, 2018, 10:03 AM
I understand your reasoning in this post especially on the part of the world needing a neutral currency that is not controlled by anyone, that being where Bitcoin rightly fit in, the truth remains that such a time will not come now and it's going to take a lot of time to achieve that. If you zoom out a little, you will notice that gold almost fit into this too but Bitcoin offers more freedom and anti censorship than gold. My point has always been that Bitcoin will exist side by side with the fiat systems and will not aspire to replace it irrespective of the rivalry that exists in the world's economies.
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chain2009Full Member
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#19Nov 11, 2018, 10:30 AM
The world global financial system is actually biased and is favoring most of the big nations of the world. That is one of the reasons Many nations across the world is starting to question some of the world orders especially when it comes to a consensus on the global financial system. The dollar and to a large extent the Euro has been the dominant currencies which has been dominating the rest of the world which has given, these nations undue advantage over the rest of the world. The world currently needs a financial system that will be neutral and seperate from the control of any country. That's were Bitcoin will come in. With Bitcoin no nation can easily sanction the other using financial blockage as a tool of economic sanctions to nations that are not in agreement with the big nations. So Bitcoin is that perfect global currency that the world needs that will be neutral of any influence from any nation.
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sam.bullSenior Member
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#20Nov 11, 2018, 02:10 PM
When you say neutral I'm going to believe you meant decentralized. One that won't censor or discriminate. Well it's already neutral and even if some talk about how it's been influenced by some economical changes What it's influenced are users not Bitcoin. Guess what The US ain't the only control in the world China years ago had one of the highest hashrate But Bitcoin still survived it's ban because it's not own or limited to a single country.
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