Is Bitcoin the first truly Autonomous currency ever?

3 replies 256 views
cobra2021Full Member
Posts: 144 · Reputation: 423
#1May 27, 2025, 04:31 AM
Traditionally, money has always been under government control, influenced by fiscal and monetary policies. But with Bitcoin, things are different. You can’t pin its control on any single person or group. Plus, it has a capped supply, which means issues like inflation or arbitrary printing don't apply here. Bitcoin is totally decentralized. And let's face it, it checks all the boxes of what money should be: it stores value, works as a medium for exchange, and can settle debts. Sure, Bitcoin has its hurdles, but it’s breaking new ground, and more people are starting to recognize that a form of money free from government control is actually here.
5 Reply Quote Share
paul2017Senior Member
Posts: 218 · Reputation: 1426
#2May 27, 2025, 08:16 AM
Sorry, silver bullion was used as a currency in Mesopotamia 5000 years ago. Gold has been used as currency, both state-issued coins and bullion, for at least 2500 years.
2 Reply Quote Share
dan.whaleFull Member
Posts: 125 · Reputation: 351
#3May 29, 2025, 07:59 AM
I think the discussion is a bit different from what you pointed out. Bullion and gold both have physical forms which means they can be confiscated by a state (e.g, US Gold Reserve Act of 1933) or subject to strict import and export controls. Bitcoin= no government, no control, no central authority to push around. it might not literally be the first digital currency but the first that is fully Autonomous. It's the first system of money that runs it's on its own.
2 Reply Quote Share
Posts: 58 · Reputation: 247
#4May 29, 2025, 11:41 AM
Authorities will find workarounds to track and, if necessary, confiscate or simply block all digital operations with bitcoin. I think it’s only a matter of time. Right now, governments around the world are creating more and more opportunities for total control, and the digitalization of all personal data and monetary units is aimed at making it easier to manage and control people in the future. I can’t say this is a good thing.
4 Reply Quote Share
?Reply
Sign in to reply to this topic

Related topics