Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.
Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.
Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.
Good point. But aside from financial freedom, let's not forget that cryptocurrency usually also give freedom where only you have control your money. That means bank or authoritarian can't steal or freeze your money for any reasons.
Good point. But aside from financial freedom, let's not forget that cryptocurrency usually also give freedom where only you have control your money. That means bank or authoritarian can't steal or freeze your money for any reasons.Its good on papers. But in reality, it needs the world to be flat and you as a person has the right to travel one pole to another for you to achieve freedom either financially or physically.
Freedom somehow has levels. Even when a country has declared independence it doesn't mean it has all the freedom. We can compare this to someone who has Bitcoin and thinks he achieved financial freedom.
I couldn't say our BTC will not be confiscated when governments deem BTC illegal to hold.
Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.Crypto currencies definitely is freedoms especially in the case of something like bitcoin that is also decentralised. I'll definitely give bitcoin the full tag of a freedom currency owing to the fact that the users of the network which actually is us are also simultaneously the controllers of the network. Crypto currencies have made a whole lot of things easier starting from borderless and flexible transactions to faster and easily accessible forms of payments.
Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.I agree with your statements especially with the stable countries not being concerned to crypto because they have other work and ways to make more money but the USA, Russia, UK, etc. are stable countries if compared with other tier 2 countries. People in those countries are also investing in crypto not to make money but to start their own projects at the bigger levels because they have another source of income, and they start their projects here to make more side income and if they succeed, then they make money if they fail then they lose nothing but the gained experience.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.I love crypto because it gave me freedom and an idea of what financial freedom is. I don't know if I am not given this concept then what I would be doing and my mindset would be totally different.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.The problem with the newcomers in cryptocurrency is that, they do come with targets, which is mostly a process of making quick money. Most of them don't enjoy the freedom of cryptocurrency because they were mostly introduced to cryptocurrency through centralized exchanges; they are used to centralize exchanges that are mostly targeted by the government, especially in countries where the government bans the use of cryptocurrency; and some of the newcomers don't have an idea of personal wallets where they can have full control over their coins if they move their coins to their personal wallets. The freedom in cryptocurrency is when you hold your coins in your personal wallet you can control.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.
i think even people who are living in a democratic country want to experience financial freedom there are people who generally do not like banks hence representing a good percentage of the unbanked but now due to bitcoin they can finally have a financial tool where they can hold and send and receive their money from all parts of the world(https://pbs.twimg.com/media/FYdCJFiXoAABKko.jpg:large)
For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.when you experience bitcoin you will really realize how precious our freedom and privacy are and using bitcoin allows us to do just that even though these are not your priorities, eventually you would realize how certain features of bitcoin can be helpful
I couldn't say our BTC will not be confiscated when governments deem BTC illegal to hold.I'm pretty sure there was news saying that the US government wanted non-custodial wallet developers to force KYC/AML on users in the past. It was met with terrible reception iirc, so there was a pushback from the public if the government was open to critics. Not sure what will happen if you live in a dictatorial country though.
You only truly understand value of cryptocurrency like Bitcoin when regular banking does not work. When sending money abroad banks can be slow or unavailable but Bitcoin works smoothly. This shows how cryptocurrency has many benefits like sending money anywhere easily. It is faster to transact there is no central control.
No one will understand the valuable of cryptocurrency until they want to send money to someone leaving in another country and the banks disappointed them by not given them access or tell that the network is down and the person receiving really expected to the money and after everything you couldn't pay but you you then realize Bitcoin can go through for you, that's when yiu know the benefits of crypto.
Bitcoin has more and more advantages but it lies on the usage of the coin. If you use it then you will understand the benefit of using crypto and things they can do for you in reality.
I'm pretty sure there was news saying that the US government wanted non-custodial wallet developers to force KYC/AML on users in the past. It was met with terrible reception iirc, so there was a pushback from the public if the government was open to critics. Not sure what will happen if you live in a dictatorial country though.The weak link here is mining pools, which require physical resources and space, making them difficult to hide. If there is international cooperation to create a common database of banned addresses, it may be difficult to broadcast and confirm a transaction from blacklisted addresses, and then it will be easy for countries to force users to complete identity verification. This will require international cooperation, which is rare, but Bitcoin is almost not a political arena, so it is possible to see such legislation.
You should be more specific on bitcoin and not altcoins because the word cryptocurrency is vague and if newbies are reading through, they might feel that it is all cryptocurrency that gives financial freedom unknown to them that it is only bitcoin that has the capacity to give people financial freedom. Financial freedom is what I really appreciate in bitcoin because it makes me feel safe with my funds since bitcoin gives you the opportunity to be your own bank. This is what the government don't like about bitcoin because is above censorship. Majority of cryptocurrency are centralized and are being controlled by the dev.(https://pbs.twimg.com/media/FYdCJFiXoAABKko.jpg:large)
Cryptocurrency has a philosophical foundation of giving the people the freedom to decide for themselves financially...away from the total grip of the government and traditional financial institutions. For people who are usually experiencing strong, stable freedom environment in some countries, this may not be on the top of their concerns but for those who are on police state and dire economic circumstances cryptocurrency can be a good option to protect their wealth and the future.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.
Financial freedom in conducting transactions is different from protecting wealth. Many people use Bitcoin as an investment, especially with many local currencies losing their value, but most of us have not experienced Bitcoin in terms of financial freedom. With the few cases of using Bitcoin to make payments, I believe that many people still have to exchange Bitcoin to cash to conduct daily transactions or to buy goods and products.
Governments can still influence this.
Even if we can't use the Bitcoin to pay for something directly still is better alternative especially in the country where the inflation is out of control. We can think about gold but it's not convenient as Bitcoin so it's better tool we got for tackling the shitty fiat system which not only control the transaction but also making the value of it go down every year.We can simply view BTC as an investment that generates returns similar to stocks or gold. Even in many countries where using BTC for payments is illegal, in those with hyperinflation, BTC is the best option they have to protect the value of their labor. For them, BTC is truly a lifeline to continue existing in a poor economy.
Well for some it's not the most important but eventually they will understand about the decentralisation part not just the volatile speculative asset.
The financial freedom that bitcoin encompasses cannot be overstated but if we’re unable to use bitcoin for transactions at anytime and have to convert to fiat currency and spend it, it has tempered with the freedom in it since it already involved the third party government banks. It does provide freedom but that freedom can only be achieved fully when legalized for all global trades and transactions within the financial system. Bitcoin still stands to be a means of financial freedom as we can own and control when to send and spend it without interference from any authority on how to go about it.It's not that easy to make Bitcoin legal for global trade although Russia has started to make international trades with other ally countries in BTC which is a big achievement for it they are also planning to start their journey with good platforms like exchanges in the crypto era. We cannot get total freedom from BTC because we can't use BTC to pay for everything banks and fiat currency come to use to pay for things that we can't pay with BTC.
Not to mention how convenient it makes it for people to move money internationally with lots of ease. Bitcoin has several advantages and we can’t begin to mention them all. And yes, it’s also a great way to secure your money and asset from the hands inflation which has proven to be a global pandemic that’s been tearing down several economies. But turning to Bitcoin as a store of value can really come in handy, and is even more cooler than gold which used to be one of the best way to protect funds from inflation, because it’s a lot more easier to move Bitcoin since it’s digital in nature, unlike gold which is tangible.Even if we can't use the Bitcoin to pay for something directly still is better alternative especially in the country where the inflation is out of control. We can think about gold but it's not convenient as Bitcoin so it's better tool we got for tackling the shitty fiat system which not only control the transaction but also making the value of it go down every year.We can simply view BTC as an investment that generates returns similar to stocks or gold. Even in many countries where using BTC for payments is illegal, in those with hyperinflation, BTC is the best option they have to protect the value of their labor. For them, BTC is truly a lifeline to continue existing in a poor economy.
Well for some it's not the most important but eventually they will understand about the decentralisation part not just the volatile speculative asset.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.
That's one thing that makes me like bitcoin because it is an hedge against inflation. My country fiat currency is depreciating every time due to bad government, corruption and inflation. So using bitcoin or keeping your savings in bitcoin is good because in the future the value of your money will still be there with benefits which is the profit that your bitcoin investment will yield overtime.Financial freedom in conducting transactions is different from protecting wealth. Many people use Bitcoin as an investment, especially with many local currencies losing their value, but most of us have not experienced Bitcoin in terms of financial freedom. With the few cases of using Bitcoin to make payments, I believe that many people still have to exchange Bitcoin to cash to conduct daily transactions or to buy goods and products.
Governments can still influence this.
Even if we can't use the Bitcoin to pay for something directly still is better alternative especially in the country where the inflation is out of control. We can think about gold but it's not convenient as Bitcoin so it's better tool we got for tackling the shitty fiat system which not only control the transaction but also making the value of it go down every year.
Well for some it's not the most important but eventually they will understand about the decentralisation part not just the volatile speculative asset.
BTC and crypto are a new asset class that is much more accessible than gold, real estate, or stocks. This market operates 24/7 and almost anyone can participate. I think this could be part of financial freedom when people have the right to invest in the assets they want without having to rely on the permission of a third party.
~snip
I forgot to mention that 24/7 open market which is available only on crypto nowhere else so it's truly a saviour especially in countries where the fiat value changes everyday. I heard in Cuba the price of their fiat even changes for every few hours so the menu cards doesn't include a fixed price on the list in that situations Bitcoin can be helpful or if they worry that everyday volatility is a problem for short term usage then they have Stable coins on various chains which can be used for day to day usage.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.Not all newbies in crypto would come to terms with investing their money in what they have no total control over. Many newbies are just looking for ways to make quick profits from their Bitcoin investment, not to be patient and wait for so long before they can make many profits gains from their Bitcoin investment. That's why you see most newbies prefer to invest in shitcoin because it provides quick profits for them than Bitcoin that is expensive and has always goes by having a long term investment plan before seeing good profits in it.
For me, that concept is important and makes sense, but unfortunately for a lot of people it is not the case because they look at BTC only from the perspective of profit. Of course, I have nothing personally against profit and I think that BTC has been an excellent hedge against inflation all these years since it has existed - but I think that everyone should use it as a currency from time to time, because in this way we show that BTC has its value in that segment as well.I can't agree more with you, and in another way, I think it's not really that important to point out. I mean,, who would not have been using BTC as currency if there are people using BTC as an investment then there are people who must be using it as currency. I have invested some amount in BTC and at one point I left investing and after that, I am using my BTC earnings for day-to-day expenses.
The very idea that everyone can be their own bank (in the literal sense of the word), and that they can make a transaction with anyone at any time is, in my opinion, an incredible dose of freedom that in reality people did not have before the appearance of BTC.Yep, people like stuck in war zones can use BTC to deal with their day-to-day expenses (if money still working there), or they can get help from the outer world by paying them in BTC or another form of money when they won't have banks or banking apps working as before. BTC has saved a lot of people, but there is another side to every aspect, like if it has provided us the freedom then it has become a problem as well I mean there were cases when people got looted by robbers at gunpoint and the robbers knew they had BTC and they demand for BTC which was non trace-able. This can become a problem when too many people around you will know you have BTC and you deal in this field of life.
For me, that concept is important and makes sense, but unfortunately for a lot of people it is not the case because they look at BTC only from the perspective of profit. Of course, I have nothing personally against profit and I think that BTC has been an excellent hedge against inflation all these years since it has existed - but I think that everyone should use it as a currency from time to time, because in this way we show that BTC has its value in that segment as well.Unfortunately, only a few looks Bitcoin as a currency, and a currency alone. Most investors are in in for profits.
The very idea that everyone can be their own bank (in the literal sense of the word), and that they can make a transaction with anyone at any time is, in my opinion, an incredible dose of freedom that in reality people did not have before the appearance of BTC.This is what gives Bitcoin freedom. Unfortunately, not all can be a bank and some - I mean most of the people are comfortable using the banks already.
like if it has provided us the freedom then it has become a problem as well I mean there were cases when people got looted by robbers at gunpoint and the robbers knew they had BTC and they demand for BTC which was non trace-able. This can become a problem when too many people around you will know you have BTC and you deal in this field of life.To be fair you can avoid that. If you're not publicly working in a crypto industry (exchange employee, core team member of a new project, etc), then there's no need to flaunt your wealth online. Even if you work in one, you can hide your activity or don't use social media altogether. I know there are some cases where the attackers track users' data through other means (SIM swapping, database leaks, etc), but you should be able to protect yourself if you prepare accordingly. These risks are worth taking if it means we can manage our wealth independently IMO. CMIIW.
BTC has saved a lot of people, but there is another side to every aspect, like if it has provided us the freedom then it has become a problem as well I mean there were cases when people got looted by robbers at gunpoint and the robbers knew they had BTC and they demand for BTC which was non trace-able. This can become a problem when too many people around you will know you have BTC and you deal in this field of life.
To be fair you can avoid that. If you're not publicly working in a crypto industry (exchange employee, core team member of a new project, etc), then there's no need to flaunt your wealth online. Even if you work in one, you can hide your activity or don't use social media altogether. I know there are some cases where the attackers track users' data through other means (SIM swapping, database leaks, etc), but you should be able to protect yourself if you prepare accordingly. These risks are worth taking if it means we can manage our wealth independently IMO. CMIIW.I did not know they can track user's data through Sim Swapping as well. I mean, why do they have to track user's data while they can access it, modify it, or do anything with it if Sim Swapping succeeds? And I can't agree more with you as there is no doubt that hackers or scammers come to know about you when you share too much.
Financial freedom in conducting transactions is different from protecting wealth. Many people use Bitcoin as an investment, especially with many local currencies losing their value, but most of us have not experienced Bitcoin in terms of financial freedom. With the few cases of using Bitcoin to make payments, I believe that many people still have to exchange Bitcoin to cash to conduct daily transactions or to buy goods and products.
Governments can still influence this.
I agree with you. Many investors have experienced that. They don't need to put a lot of body guards every time he goes public, he is free to live the way he wants without anyone bothering him. Because no matter where you are, you really need security when you have money, because life will be in danger. Most of us who only make money from crypto won't experience this kind of freedom, so our view of crypto may be different.Financial freedom in conducting transactions is different from protecting wealth. Many people use Bitcoin as an investment, especially with many local currencies losing their value, but most of us have not experienced Bitcoin in terms of financial freedom. With the few cases of using Bitcoin to make payments, I believe that many people still have to exchange Bitcoin to cash to conduct daily transactions or to buy goods and products.
Governments can still influence this.
Not completely correct, because many of us are already experiencing this financially freedom the crypto has brought, though there are financial oppositions posed by financial institutions, and also the governments stands on crypto like regulations, Fiat banking sectors managements, in term of cross borders transfers, and most importantly, crypto completely link to the internet are some of the limitations to a full financial freedom.
Honestly speaking, crypto is making progress on the daily basis, it is still very young, and i think the future of crypto is very bright to get the full financial freedom.
IMO, I think it's a general problem that certain factors (like society, government, security agencies, etc) has caused. People gets robbed of their belongings and valuables, which is a thing that we hear of in the society, so if someone's Bitcoin was demanded for at gun point, then we should also consider any of the factors I mentioned earlier. Government failing to either create jobs or enhance the security level of a nation or state, the security agencies failing to do the necessary jobs, and a society that does not bring up children in the right way thereby creating more criminals.Your idea is an obvious idea I mean, you are right we should use an extra phone that we should keep with us and the one we use for crypto should be kept alone at home or at somewhere safe (like home, haha) but you might be shocked to hear that recently there have been 3 incidents that I knew of where robbers broke into the house, and forced victims to send them crypto at gunpoint. In such a situation, this idea is not helpful, but yeah we should keep our financial life private and never share it with anyone. That's a lesson we all (or most of us with loving hearts) don't learn that easily, as we used to trust others so easily.
There are some people who don't leave anything relating to crypto currency on the accessible side of their phone. I think these set of people are less vulnerable to such theft, because there is no way criminals will find out. So even if they got robbed, their phone might be stolen, but the coins will still be intact for the victim to quickly find other means to transferring them out.
While for those who leave their crypto related activities on their accessible part of their phone, then they are likely to fail victim for both robbery and crypto theft.
Your idea is an obvious idea I mean, you are right we should use an extra phone that we should keep with us and the one we use for crypto should be kept alone at home or at somewhere safe (like home, haha) but you might be shocked to hear that recently there have been 3 incidents that I knew of where robbers broke into the house, and forced victims to send them crypto at gunpoint. In such a situation, this idea is not helpful, but yeah we should keep our financial life private and never share it with anyone. That's a lesson we all (or most of us with loving hearts) don't learn that easily, as we used to trust others so easily.Keeping something very sensitive like ownership of crypto assets is very important to do. Don't just do flexing that is really not needed.
Keeping something very sensitive like ownership of crypto assets is very important to do. Don't just do flexing that is really not needed.You are absolutely right about keeping cryptocurrency ownership private and not showing off on social media. Talking about your wealth online this can attract unwanted attention of scammers and put your assets at risk. Mostly famous cryptocurrency influencers who have a lot of money may need bodyguards when they go out.
Because many people start to be arrogant and show off their wealth on social media, even though it will provoke evil to target them.
Seeing that many crypto influencers have a lot of money with millions of dollars in assets, of course they need a bodyguard when they get out of their safe zone and that is always needed, this is due to the flexing they do. But felxing for influencers also brings in more followers and that's their goal.
I will not talk about crypto currency here because if we talk about crypto currency there will be included many altcoins which are only developer friendly and those coins cannot fully give financial freedom to people. On the other hand, if I talk about Bitcoin, the purpose of its creation is to maintain the financial freedom and privacy of people. So since the objective here is financial freedom so it is important in cryptocurrency.
I agree with you that being your own bank is the best way to enjoy the freedom in bitcoin because that was how it was designed. These newbies don't understand the privacy that bitcoin gives and for that reason they take it for child's play and use it the way they want. One thing that I love more is across boarder payment and no one has access to know who the sender and receiver is because of the anonymity bitcoin gives. Privacy matters a lot in our lives and bitcoin is the only currency that offers that..I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.The problem with the newcomers in cryptocurrency is that, they do come with targets, which is mostly a process of making quick money. Most of them don't enjoy the freedom of cryptocurrency because they were mostly introduced to cryptocurrency through centralized exchanges; they are used to centralize exchanges that are mostly targeted by the government, especially in countries where the government bans the use of cryptocurrency; and some of the newcomers don't have an idea of personal wallets where they can have full control over their coins if they move their coins to their personal wallets. The freedom in cryptocurrency is when you hold your coins in your personal wallet you can control.
There is no intervention from any party over my Bitcoin ownership and this is what I think is called Freedom for crypto.This is only true if your BTC is stored in your open source, self custodial BTC wallet, that is only when you are in full custody of your funds, do not forget that. If it is stored in centralized exchanges or if you lend it out for interest, then you are not in control of your funds and you cannot talk about freedom. It is always recommended to use BTC in the right way.
Have you ever asked yourself why most governments and financial institutions are solidly against Bitcoin and its mass adoption? This is because they know how much they benefit from managing people’s finances, and knowing that the decentralized nature of Bitcoin and other crypto currencies removes that authority from their hands as puts it in the hands of the citizens and giving them full custody of their finances makes them feel threatened by this reality. Even with the across the border and international transfers, using the traditional banking system can be a lot more expensive, and the banks also use this method to extort people too. But Bitcoin makes it very convenient for everyone.I agree with you that being your own bank is the best way to enjoy the freedom in bitcoin because that was how it was designed. These newbies don't understand the privacy that bitcoin gives and for that reason they take it for child's play and use it the way they want. One thing that I love more is across boarder payment and no one has access to know who the sender and receiver is because of the anonymity bitcoin gives. Privacy matters a lot in our lives and bitcoin is the only currency that offers that..I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.The problem with the newcomers in cryptocurrency is that, they do come with targets, which is mostly a process of making quick money. Most of them don't enjoy the freedom of cryptocurrency because they were mostly introduced to cryptocurrency through centralized exchanges; they are used to centralize exchanges that are mostly targeted by the government, especially in countries where the government bans the use of cryptocurrency; and some of the newcomers don't have an idea of personal wallets where they can have full control over their coins if they move their coins to their personal wallets. The freedom in cryptocurrency is when you hold your coins in your personal wallet you can control.
One thing I have always used in generalizing cryptocurrency is that they all give us various options, i.e we choose the money we use, and not the money choosing us like the fiat we have today. But I have issues with majority of these cryptocurrencies that we are having today. When we take our time to observe some of these cryptocurrencies and our today fiat, the only difference would probably be that one is digital while the other is physical. Because when you take a good look at some of these cryptocurrencies that we have today, they are easily manipulated, while majority have unlimited supply which is even the primary cause of manipulation, which is clearly unlike Bitcoin and few others.Then if we care about our privacy and the financial freedom of us then we shouldn't go for the those coins which don't give us full privacy and the financial freedom. And we also don't have to use all of them we can go with only one like Bitcoin and the others privacy coin but bitcoin will be in the best for financial freedom as no one can easily manipulate it and the way it is spreading on the peoples all over the world it gain more decentralized ecosystem.
It must be admitted that bitcoin does have characteristics according to what you said, and it must also be remembered that it has very little risk that will be experienced if we make an investment., The problem is only one, until now, because the price of bitcoin is very high, so that many have difficulty being able to make an investment, and it must be remembered that bitcoin is a long-term investment.One thing I have always used in generalizing cryptocurrency is that they all give us various options, i.e we choose the money we use, and not the money choosing us like the fiat we have today. But I have issues with majority of these cryptocurrencies that we are having today. When we take our time to observe some of these cryptocurrencies and our today fiat, the only difference would probably be that one is digital while the other is physical. Because when you take a good look at some of these cryptocurrencies that we have today, they are easily manipulated, while majority have unlimited supply which is even the primary cause of manipulation, which is clearly unlike Bitcoin and few others.Then if we care about our privacy and the financial freedom of us then we shouldn't go for the those coins which don't give us full privacy and the financial freedom. And we also don't have to use all of them we can go with only one like Bitcoin and the others privacy coin but bitcoin will be in the best for financial freedom as no one can easily manipulate it and the way it is spreading on the peoples all over the world it gain more decentralized ecosystem.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.Yes, indeed the transaction mechanism without involving a third party is sometimes an advantage in itself, and not everyone can feel that as a benefit. Many people see the profits generated by trading as an advantage for them, and forget the real purpose of Bitcoin.
I think that newcomers to cryptocurrency should start to explore this area so they will really appreciate more of what they got into...and not just throw it away like a candy wrapper.
It must be admitted that bitcoin does have characteristics according to what you said, and it must also be remembered that it has very little risk that will be experienced if we make an investment., The problem is only one, until now, because the price of bitcoin is very high, so that many have difficulty being able to make an investment, and it must be remembered that bitcoin is a long-term investment.I certainly won't deny that bitcoin is a risk-free as an investment, but in this case, what I'm prioritizing is that if we use bitcoin instead of using fiat cash or digital fiat currency to buy anything else, it will give us more decentralization. Will do and give us financial freedom.
Maybe if you are patient, you can use the DCA scheme to finally get what you want.
Keeping something very sensitive like ownership of crypto assets is very important to do. Don't just do flexing that is really not needed.You are right about getting flowers and how they intentionally show their followers things that will motivate them to keep watching their videos. This is just another scheme of getting views, and nowadays most of the Youtubers and influencers are showing their wealth and lifestyle of themselves to motivate and attract more followers.
Because many people start to be arrogant and show off their wealth on social media, even though it will provoke evil to target them.
Seeing that many crypto influencers have a lot of money with millions of dollars in assets, of course they need a bodyguard when they get out of their safe zone and that is always needed, this is due to the flexing they do. But felxing for influencers also brings in more followers and that's their goal.
There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.Yeap this is called the decentralized eco system which is possible only for the bitcoin invention and there is the most important thing in cryptocurrency is the financial freedom.
There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.Indeed, the advantages it has with bitcoin are according to what you said, and it cannot be prevented by anyone and this freedom is very felt and very beneficial. But everything will change if we transact on the exchange, then it will be able to take control by itself, and it is a risk because we trust the exchange, so in the exchange there is that freedom.
There is so much freedom with Bitcoin. We hold our own money(BTC) freely and there's no government that can take it from us unless it goes in the exchanges and their control is in there. Also, about financial freedom. The early investors are experiencing this right now and those that are keeping up and holding it for the next years to come, it is very likely that they're the next in line to achieve financial freedom.It is true financial freedom so it is not tied to any government or bank.
Have you ever asked yourself why most governments and financial institutions are solidly against Bitcoin and its mass adoption? This is because they know how much they benefit from managing people’s finances, and knowing that the decentralized nature of Bitcoin and other crypto currencies removes that authority from their hands as puts it in the hands of the citizens and giving them full custody of their finances makes them feel threatened by this reality. Even with the across the border and international transfers, using the traditional banking system can be a lot more expensive, and the banks also use this method to extort people too. But Bitcoin makes it very convenient for everyone.I am lucky enough to live in a country that has legalized Bitcoin, even though it is only a commodity asset, not as a means of payment. At least, I have the freedom to be involved in this crypto business without fear of government regulations, without having to do it secretly, to cashing it into a bank account.
As long as our crypto assets are in markets such as binance or local markets that have regulations for KYC, it is not freedom in cryptocurrency because our assets are monitored at Exchange. Cryptocurrency can be a freedom asset by storing BTC or Altcoins assets in private wallets. In general, according to my answer to cryptocurrency as a freedom asset is agreeing because my BTC is my BTC and not entitled to other people know the BTC assets are known to them.Yes you’re absolutely correct. Self custody remains the only way one can actually boast of Bitcoin or any other crypto being decentralized. One of the key importance of the emergence of cryptocurrency is its decentralized nature, whereby all financial control is give to the individual who owns the money, without any form of external interference or third party, you don’t get to be told how and when to spend your money, all financial control remains with you. And the only way achieve this is to store your Asset in a non custodial wallet, just as you’ve rightly pointed
As long as our crypto assets are in markets such as binance or local markets that have regulations for KYC, it is not freedom in cryptocurrency because our assets are monitored at Exchange. Cryptocurrency can be a freedom asset by storing BTC or Altcoins assets in private wallets. In general, according to my answer to cryptocurrency as a freedom asset is agreeing because my BTC is my BTC and not entitled to other people know the BTC assets are known to them.even though it does use KYC, but is on the exchange, it is certain that the assets we have can be monitored if desired, and you are right that it is not freedom that can be interpreted as we have it, but other people do not know, and it can only be done on the, hardwallet that we do have and everyone cannot know freely. What you say is true that in general the freedom of the assets we have such as btc will be safe and unknown if we can store it in our own wallet without being known by others.
Not just adopting only bitcoin for privacy because using bitcoin the wrong way, like keeping your funds in the custody of third party will not give you privacy. Therefore, adopting bitcoin and keeping it in a noncustodial wallet and use a decentralized exchange for your trade is the best way to keep to your privacy.One thing I have always used in generalizing cryptocurrency is that they all give us various options, i.e we choose the money we use, and not the money choosing us like the fiat we have today. But I have issues with majority of these cryptocurrencies that we are having today. When we take our time to observe some of these cryptocurrencies and our today fiat, the only difference would probably be that one is digital while the other is physical. Because when you take a good look at some of these cryptocurrencies that we have today, they are easily manipulated, while majority have unlimited supply which is even the primary cause of manipulation, which is clearly unlike Bitcoin and few others.Then if we care about our privacy and the financial freedom of us then we shouldn't go for the those coins which don't give us full privacy and the financial freedom. And we also don't have to use all of them we can go with only one like Bitcoin and the others privacy coin but bitcoin will be in the best for financial freedom as no one can easily manipulate it and the way it is spreading on the peoples all over the world it gain more decentralized ecosystem.
Not just adopting only bitcoin for privacy because using bitcoin the wrong way, like keeping your funds in the custody of third party will not give you privacy. Therefore, adopting bitcoin and keeping it in a noncustodial wallet and use a decentralized exchange for your trade is the best way to keep to your privacy.For sure. I have told these kinds of words before that we the people are only thinking about the profit and loss when we are investing in cryptocurrency but we loss to thinking about the security where we will hold our fund and there we made the big mistake. You won't believe that some of my kwon public thinking that Binance is the best reliable source for holding bitcoin for long-term they don't even know what is non-custodial wallet and what is custodial wallet.
For sure. I have told these kinds of words before that we the people are only thinking about the profit and loss when we are investing in cryptocurrency but we loss to thinking about the security where we will hold our fund and there we made the big mistake. You won't believe that some of my kwon public thinking that Binance is the best reliable source for holding bitcoin for long-term they don't even know what is non-custodial wallet and what is custodial wallet.Bitcoin is a decentralized asset, and so should be stored in a decentralized way too. People only consider the use of centralized exchanges only because of its accessibility and how easy it is to move funds, some because of the P2P features, which enables them to trade their Bitcoins and other assets to fiat with much ease. While these can actually come in handy sometimes, it still doesn’t make centralized exchanges the best option when determining and considering crypto storage methods, it’s just like entrusting all your money in the hands of someone you know nothing about, simply because others say it’s safe to keep your money with them, which is totally lame. The best option remains to store your assets on a decentralized wallet, or even best, a hardware wallet.
For anyone to be in cryptocurrency and still not enjoying freedom is a total nay because we can also say that there is more of its in depth understanding which is required of us to know about crypto when we are into it, but some will be living with the same kind of mentality of using fiat currency in a decentralized digital networks in crypto, all because they are not even aware of this same benefits this could offer.There’s absolutely nothing wrong with using the traditional fiat currency just because you’ve suddenly learned about crypto and actively involved in it. It’s important to know that Bitcoin or crypto didn’t come to completely eradicate or replace the use of fiat money as it has its own special role that it plays, just as cryptocurrency does too. Having the knowledge of crypto only helps you to know when to use cryptocurrency and when to use fiat, because so many people make the mistake of using fiat in situations they’re meant to use Bitcoin, such as value storage or long term savings, as fiat isn’t immune to inflation like Bitcoin, storing your value via fiat could be a huge red flag as inflation can eat up your wealth. There are also many other reasons.
Bitcoin is a decentralized asset, and so should be stored in a decentralized way too. People only consider the use of centralized exchanges only because of its accessibility and how easy it is to move funds, some because of the P2P features, which enables them to trade their Bitcoins and other assets to fiat with much ease. While these can actually come in handy sometimes, it still doesn’t make centralized exchanges the best option when determining and considering crypto storage methods, it’s just like entrusting all your money in the hands of someone you know nothing about, simply because others say it’s safe to keep your money with them, which is totally lame. The best option remains to store your assets on a decentralized wallet, or even best, a hardware wallet.Actually, decentralization is not promoted in the same way as it is in the case of centralized exchanges and that is also a reason for most of the people store their big funds in a centralized exchanges even then knowing the meaning of the centralized word.
Yes it's freedom but not all countries in the world completely approved cryptocurrency trading or owning the crypto. also people have to proper knowledge about crypto otherwise they can lose by investing in crypto.Yes, that is the power of the government, no matter how free crypto is, the government always has the sense to limit its movement if they don't want it. such as by making some regulations that make crypto owners or activists not that free. They may not be able to limit cryptocurrencies directly because of their decentralized nature, but they make various regulations that limit the movement of people in crypto in their country, by regulating existing local exchanges, regulating their use and restrictions.
Actually, decentralization is not promoted in the same way as it is in the case of centralized exchanges and that is also a reason for most of the people store their big funds in a centralized exchanges even then knowing the meaning of the centralized word.Yeah Centralized exchanges doesn’t give you full custody over your own coins as they serve as a third party to how you decide to run your own funds, it’s like you need to confide in them first before you’ll be able to move your funds, which sends the wrong message about decentralization. Plus since it requires manpower to run their day to day activities, there’s every tendency of a crash, just like the FTX incident you noted, I bet many people never believed or expected that the exchange could experience a crash, some can also be hacked and funds lost, which is just same as the traditional banking system. But when you choose a decentralized wallet, you automatically restore control to yourself.
maybe there can be more easy to handle or operate the crypto assets but their is a always high risks in the centralized crypto exchange and we also saw the FTX incident in the recent history. So we should more spread-out the the sentences about the decentralized Eco system which can be made by the bitcoin i.e. cryptocurrency.
Because of its difficult nature to be restricted, I think it's natural that a government will protect itself from the inability to control freedom by having to publish regulations. So that they are finally able to at least be able to know the movement and be used for what and the benefits to be received. Although the regulations can be made, they will be violated in a separate way, because they cannot be limited to freedom. But the name of the government must be firm in implementing and being able to accept everything with regulations that they can accept. There is no harm in every transaction because Fiat must use a local exchange so that it is easy to control and at least the government can get taxes from each of these transactions fees there is a win2 solution.Yes it's freedom but not all countries in the world completely approved cryptocurrency trading or owning the crypto. also people have to proper knowledge about crypto otherwise they can lose by investing in crypto.Yes, that is the power of the government, no matter how free crypto is, the government always has the sense to limit its movement if they don't want it. such as by making some regulations that make crypto owners or activists not that free. They may not be able to limit cryptocurrencies directly because of their decentralized nature, but they make various regulations that limit the movement of people in crypto in their country, by regulating existing local exchanges, regulating their use and restrictions.
but that's what they always want to do and they want to control. so this makes our freedom limited to the scope of the country. it's just that fortunately this is the online world, while we can optimize the chances to be active online, let's optimize the global one first.
Funny) when I first got into crypto, I was just chasing gains and didn’t give much thought to the whole freedom side of it. It’s like, crypto really does let you step away from all the red tape and constant middlemen. But there are risks such as market crashes, hacks... It’s not the easiest thing to get into, and some people have definitely lost their pants thinking crypto was a guaranteed ticket. Just don’t throw caution ;)The crypto market can indeed be a crazy ass rollercoaster ride you know and if you don’t hold on tight, you could easily get knocked off. Despite its volatile nature and high risks it’s true that it gives the freedom to every investor, freedom over their wealth, freedom to make financial decisions without no one interfering and this is one of the best privileges crypto investors enjoys. Indeed you’ll definitely lose your pants if you think that the market is a get rich quick scheme where anyone can get into and just come out being made rich, a lot of people go into the crypto market with such expectations, only for reality to hit them really had and make them realize the truth the hard way after hitting so many losses. The market requires patience and lots of it, diligence and the right strategy and that’s the only way you can actually benefit from the market.
Funny) when I first got into crypto, I was just chasing gains and didn’t give much thought to the whole freedom side of it. It’s like, crypto really does let you step away from all the red tape and constant middlemen. But there are risks such as market crashes, hacks... It’s not the easiest thing to get into, and some people have definitely lost their pants thinking crypto was a guaranteed ticket. Just don’t throw caution ;)Most people initially got into crypto just to make money, however, on the aspect of freedom and decentralization, it is BTC we are talking about and not just any crypto. There are so many centralized cryptocurrencies that the issuers can even freeze your coins.
Yeah Centralized exchanges doesn’t give you full custody over your own coins as they serve as a third party to how you decide to run your own funds, it’s like you need to confide in them first before you’ll be able to move your funds, which sends the wrong message about decentralization. Plus since it requires manpower to run their day to day activities, there’s every tendency of a crash, just like the FTX incident you noted, I bet many people never believed or expected that the exchange could experience a crash, some can also be hacked and funds lost, which is just same as the traditional banking system. But when you choose a decentralized wallet, you automatically restore control to yourself.And that is the reason we should always remember the says that is "Not your keys, Not your coins".
And that is the reason we should always remember the says that is "Not your keys, Not your coins".Yes, it's true, the incident on FTX teaches us a lot, because even a top and big exchange can also experience bad things like that and cause its users to also experience bad impacts.
In the crypto space where you don't have to put password for creating wallet and don't have a default private key or the private phrases then you must assume that platform are not decentralized and as I said in my previous post they are the custodial wallet.
And the think we learn from the previous FTX incident is only that we should put our money or coins on those exchanges I mean centralized exchanges. Yes there will must be need using the exchanger but it should be only for short period and small fund not for holding big fund for long-term.
And that is the reason we should always remember the says that is "Not your keys, Not your coins".I completely agree with you.
In the crypto space where you don't have to put password for creating wallet and don't have a default private key or the private phrases then you must assume that platform are not decentralized and as I said in my previous post they are the custodial wallet.
And the think we learn from the previous FTX incident is only that we should put our money or coins on those exchanges I mean centralized exchanges. Yes there will must be need using the exchanger but it should be only for short period and small fund not for holding big fund for long-term.
I completely agree with you.It is not only you, I and I know there are lots of newbie in this crypto space they thought that because of they are putting the password it will be best and secure for them. But really is yes they give you password but you gave them your assets I mean the cryptocurrency.
But though centralized exchanges allows you to choose a password to secure your funds from others around that may attempt accessing your funds but not from them because whether or not you use the strongest password, they’ll still be able to access your funds. Sure the FTX incident should’ve indeed thought people the biggest lesson about completely trusting Centralized exchanges, maybe the reason some people are still adamant is because they weren’t the ones that actually lost funds during the FTX crash, cos I’m pretty sure those that were victimized must’ve learned their valuable lesson and would never make the mistake of trusting any other exchange.
Centralized are good when we are doing the short-term trading here we find the lowest trading fee and if we are doing for something for long-term and big fund these should be with the decentralized exchange.If you mean holding for the long term, then the only option should be your non custodial, open source and well recommended wallet and not any exchange at all. P2p exchanges are recommended for privacy, but they do not have enough liquidity, so even if you have to use centralized exchanges for that reason, don't store your funds there.
If you mean holding for the long term, then the only option should be your non custodial, open source and well recommended wallet and not any exchange at all. P2p exchanges are recommended for privacy, but they do not have enough liquidity, so even if you have to use centralized exchanges for that reason, don't store your funds there.Fully agreed with you, I also try to said the same think in my previous posts. There are lots of peoples who are facing issues while they were go for log in on centralized exchange and depositing a big amount of fund. They ask for various data's about the deposits and some times if you don't have the documents and even you gave them document there are lots of hidden term what you don't know till now they will fridge the fund via showing causes.
It is not only you, I and I know there are lots of newbie in this crypto space they thought that because of they are putting the password it will be best and secure for them. But really is yes they give you password but you gave them your assets I mean the cryptocurrency.The safest place to store huge assets remains the Hardware wallet, not even the centralized exchanges or any other wallet. I’m not saying there are no safe wallets out there, there are several safe wallets that you can confidently store and secure your asset, but as long as it’s online, it’ll always be prone to hack, but when you make use of the Hardware wallet, you’ll be storing your asset completely offline, away from the reach of hackers and online thieves. But for those who may not be able to afford the Hardware wallet, you can store the your assets in a centralized wallet.
Centralized are good when we are doing the short-term trading here we find the lowest trading fee and if we are doing for something for long-term and big fund these should be with the decentralized exchange.
There are lots of peoples who are facing issues while they were go for log in on centralized exchange and depositing a big amount of fund. They ask for various data's about the deposits and some times if you don't have the documents and even you gave them document there are lots of hidden term what you don't know till now they will fridge the fund via showing causes.Yeah, a centralized exchange can confiscate your funds at anytime, you can deposit funds and it will trigger their system to seize it and ask you for further verification, i.e. if you deposit funds from a mixer or CoinJoin transaction, an exchange can confiscate the funds. In short, not your keys, not your coins.
I'm really glad i just got into crypto and making money. At one time crypto currency was less of a buzz word in my country and since then i have been involved with it wholeheartedly But due to change of time and unemployment of people today many people live and earn money in crypto. There are many people in my area who have amassed a mountain of wealth investing in crypto. However, even though everyone has the freedom to use it, its validity is still not valid in many countries due to which people cannot directly use crypto even if they want to. Anyway people will lose money here if they don't have enough knowledge of crypto investing. Every day i wake up then i review the dumping chart of my holding coin. Even after i invest with experience i will lose many time. So i recommend everyone to practice with crypto first so that everyone can make profit with experience.
You make a fine point there.
When we sometimes discuss how effective cryptocurrency has been to average surviving citizens, especially in regions where the economy is in state of mess and unemployment rate is very extreme, most people don't really understand. I've seen or come across so many people that are fully into crypto. When you see the effort they put into it, then I guess we will understand that they don't really deserve to suffer. Just like as you've said, crypto needs to be understood at first, maybe gradually, because going for a wrong project can end up being a disaster for someone. Pump and dump is very common, so one has to be careful.
Yes, this is true, this incident has happened several times to some people I've read, they can easily block our assets when they suspect suspicious activity, including receiving coins from suspicious or undetected wallets. Not only that, from the Blockchain wallet can also be suspected of suspicious actions when in the Check and we still can't do anything except follow their orders to do some things, unless we can show and prove it, then our assets will be given immediately. and this is detrimental to us, because sometimes the claims process is not that easy.There are lots of peoples who are facing issues while they were go for log in on centralized exchange and depositing a big amount of fund. They ask for various data's about the deposits and some times if you don't have the documents and even you gave them document there are lots of hidden term what you don't know till now they will fridge the fund via showing causes.Yeah, a centralized exchange can confiscate your funds at anytime, you can deposit funds and it will trigger their system to seize it and ask you for further verification, i.e. if you deposit funds from a mixer or CoinJoin transaction, an exchange can confiscate the funds. In short, not your keys, not your coins.
Yeah, a centralized exchange can confiscate your funds at anytime, you can deposit funds and it will trigger their system to seize it and ask you for further verification, i.e. if you deposit funds from a mixer or CoinJoin transaction, an exchange can confiscate the funds. In short, not your keys, not your coins.Yeap, I can remember that in the forum after a mixer seized binance or something like the top exchanger fridge an user account because of he was a signature participants of that mixer project and the centralized exchanger issues that his wallet was linked via that blacklisted wallet. And then the exchanger also ask him for the document of his earning.
In the end, it all comes back to us, whether we want to follow the rules they make or not, because the capacity is all in their hands. So if he feels there is a suspicious transaction, of course, own way, he will block it unilaterally until he can believe that what we are doing is in accordance with the rules.Yes, this is true, this incident has happened several times to some people I've read, they can easily block our assets when they suspect suspicious activity, including receiving coins from suspicious or undetected wallets. Not only that, from the Blockchain wallet can also be suspected of suspicious actions when in the Check and we still can't do anything except follow their orders to do some things, unless we can show and prove it, then our assets will be given immediately. and this is detrimental to us, because sometimes the claims process is not that easy.There are lots of peoples who are facing issues while they were go for log in on centralized exchange and depositing a big amount of fund. They ask for various data's about the deposits and some times if you don't have the documents and even you gave them document there are lots of hidden term what you don't know till now they will fridge the fund via showing causes.Yeah, a centralized exchange can confiscate your funds at anytime, you can deposit funds and it will trigger their system to seize it and ask you for further verification, i.e. if you deposit funds from a mixer or CoinJoin transaction, an exchange can confiscate the funds. In short, not your keys, not your coins.
Yeap, I can remember that in the forum after a mixer seized binance or something like the top exchanger fridge an user account because of he was a signature participants of that mixer project and the centralized exchanger issues that his wallet was linked via that blacklisted wallet. And then the exchanger also ask him for the document of his earning.Yeah that the shit people have to go through by trusting your funds in the hands of the centralized exchanges because there’s every possibility of getting your funds frozen for some reason or another, and having to answer those dumb questions and providing them with documents and informations before your funds are released can be really annoying. Some people end up losing their funds because they fail to meet certain criteria and demands from these exchanges, and that’s how they lost their funds. The safety of your funds are never guaranteed with centralized exchanges, regardless of the promises of safety they give.
I still know these incident until now and after what's happened I don't know. So centralized exchanger should not be you wallet.
Yeah that the shit people have to go through by trusting your funds in the hands of the centralized exchanges because there’s every possibility of getting your funds frozen for some reason or another, and having to answer those dumb questions and providing them with documents and informations before your funds are released can be really annoying. Some people end up losing their funds because they fail to meet certain criteria and demands from these exchanges, and that’s how they lost their funds. The safety of your funds are never guaranteed with centralized exchanges, regardless of the promises of safety they give.That is the reason I always try to not hold much amount on the centralized exchanger. This is not only the reason that they can fridge my account there are some others reason that we already discussed. We saw some top bank got bankruptcy and we saw one of the top exchanger like FTX has crash and they announced that they were bankrupt.
That is the reason I always try to not hold much amount on the centralized exchanger. This is not only the reason that they can fridge my account there are some others reason that we already discussed. We saw some top bank got bankruptcy and we saw one of the top exchanger like FTX has crash and they announced that they were bankrupt.Which means they may probably be in debt, or be heading to bankruptcy and we wouldn’t know at all, and the worst of it all is that they still wouldn’t tell us. Well those are the dangers of trusting your money in the hands of another human, because they may probably have an emergency at some point and with your money in their pockets, it could be very easy to just their hand into the pocket and take your money without even letting you know and since there’s no proof of reserves, you’d never know this is what’s going on, maybe they’d even have intentions of replacing it some day but we all know how that mostly turns out and that’s what mostly causes these bankruptcy or even claims of being hacked.
And the most dangerous thing is for me that most of the bank even the top one like binance they don't have clear proof of reserve.
Which means they may probably be in debt, or be heading to bankruptcy and we wouldn’t know at all, and the worst of it all is that they still wouldn’t tell us. Well those are the dangers of trusting your money in the hands of another human, because they may probably have an emergency at some point and with your money in their pockets, it could be very easy to just their hand into the pocket and take your money without even letting you know and since there’s no proof of reserves, you’d never know this is what’s going on, maybe they’d even have intentions of replacing it some day but we all know how that mostly turns out and that’s what mostly causes these bankruptcy or even claims of being hacked.Humm,,, that here we some the bitcoin and the decentralized eco system of cryptocurrency that give us own financial freedom and as well as we became the owner of our own bank.
Humm,,, that here we some the bitcoin and the decentralized eco system of cryptocurrency that give us own financial freedom and as well as we became the owner of our own bank.Indeed, if you’re not the full custodian of your assets or the key to your asset without a third party, then the asset isn’t really yours, because it’s just like you’re still practicing the old traditional banking system by storing your asset using a centralized system, thereby defiling the actual purpose of Bitcoin, which is to grant us absolute and total control over our own money.
What we won't gonna found on the exchangers and the banks what ever we go, every where what we have to do is the assets we deposit on those institute means we gave our assets to the third party. And as well I want to repeat once again not your key , not your coin, not your assets.
Humm,,, that here we some the bitcoin and the decentralized eco system of cryptocurrency that give us own financial freedom and as well as we became the owner of our own bank.Indeed, if you’re not the full custodian of your assets or the key to your asset without a third party, then the asset isn’t really yours, because it’s just like you’re still practicing the old traditional banking system by storing your asset using a centralized system, thereby defiling the actual purpose of Bitcoin, which is to grant us absolute and total control over our own money.
What we won't gonna found on the exchangers and the banks what ever we go, every where what we have to do is the assets we deposit on those institute means we gave our assets to the third party. And as well I want to repeat once again not your key , not your coin, not your assets.
The only difference between the traditional banking system and using a centralized exchange to store your asset is the fact that your money isn’t subjected to inflation, even when inflation hits, your money is inflation free but still not completely free.
Well said, i don't see any difference when one is using bitcoin and have no access to his private keys to using the centralized commercial banks, because we are under a central authority who are in custody of our financial assets, Maybe some don't even know the difference in using a custodial wallet from using a non custodial wallet or they are just playing reckless in pretense not to be aware of their differences.I agree with you. Using Bitcoin without controlling your private keys is similar to using traditional banks. You are trusting someone else with your money. Many people do not understand difference between two types of wallets custodial and non-custodial. This lack of understanding puts their money and control at risk. Custodial wallet means someone else controls your private keys. This can be risky and limits your control. On other side non custodial wallets let you manage your private keys and giving you full ownership and freedom and also better security. To make smart choices about your money it is important to learn about these differences. More people should understand benefits of non custodial wallets to have financial freedom.
When I entered cryptocurrency by buying my first Bitcoin, the concept of freedom has not come to my mind as I was not really oriented on the history and foundation of it but later on this concept started to seep into my consciousness and now I know why we have to take this opportunity of our lives.Freedom in Bitcoin all about the freedom of having money without any central authorization, no limit on where it can be sent to whoever it was, and privacy. If people is used to have a bank accounts they might feel the difference of having bitcoin than the usual ways of money stuff.
I think those who still decide to store their assets on a centralized exchange are those who are still very ignorant and do not really still understand the magnitude of their actions and what it could potentially cost them, because I’m pretty sure if they do, they would never consider that as an option.
Well said, i don't see any difference when one is using bitcoin and have no access to his private keys to using the centralized commercial banks, because we are under a central authority who are in custody of our financial assets, Maybe some don't even know the difference in using a custodial wallet from using a non custodial wallet or they are just playing reckless in pretense not to be aware of their differences.
We need freedom and everyone needs to be free, this all start from how we are having the understanding of what freedom is, we need to first realize on the reason why our privacy is very important to us, how we can get it and from where to have it, many have since ages been tired and seek of all these pattern of the government controlled way of handling their finance, now that bitcoin in cryptocurrency has come, they have to rush into its adoption for their desired need for having financial freedom.That is right that freedom is vital for everyone. To achieve this we must understand importance of privacy. For long time people have wanted to be free from government control especially with their money. Bitcoin and cryptocurrency have started movement toward financial freedom. People are using this technology to gain control over their finances and break away from restrictive systems. Cryptocurrency ensures financial independence and secure transactions and transparency and freedom. As more people adopt it we will see shift toward true financial freedom and new era has begun. What role do you think cryptocurrency will play in shaping the future of financial freedom?
The only difference between the traditional banking system and using a centralized exchange to store your asset is the fact that your money isn’t subjected to inflation, even when inflation hits, your money is inflation free but still not completely free.From your this sentence "but still not completely free" a important things arise in my mind and that is we will find lots of peoples in the centralized exchanger they loose their fund or assets just for not knowing the notification or announcement. Suppose a person have an medical issue and that is the reason he won't able to check the announcement of a delisting coin which he holding and after 15day if came to his exchanger and if he don't find his coins on the wallet it's nothing to do for him. So if we are thinking about or holding the coins in these centralized exchanger I this we should remember these things.
What role do you think cryptocurrency will play in shaping the future of financial freedom?in my opinion the concept of freedom in cryptocurrency is different from what is meant by financial freedom. The freedom referred to in this topic is the freedom to not be limited by a banking system that regulates privacy issues too much... while what I understand about financial freedom is freedom because you already have too much money so that you will still live even without working...
Well said, i don't see any difference when one is using bitcoin and have no access to his private keys to using the centralized commercial banks, because we are under a central authority who are in custody of our financial assets, Maybe some don't even know the difference in using a custodial wallet from using a non custodial wallet or they are just playing reckless in pretense not to be aware of their differences.You are also right, and here I will say that most of the people's in crypto space who were invested on the cryptocurrency most of the people's done on the centralized exchanges and most of the peoples's don't knows what is centralized exchangers and what is the decentralized exchanger. And here those people's did the mistakes.And I also think that before any investing on any coin we should must know what the main goal of that coin is. Like the bitcoin goal is to make an decentralized eco system where people will get their financial freedom. And in case of centralized exchangers these are opposite of this.
It is very important that we understand how we could live a free live with the way we are handling our finances, this can be done with the use of bitcoin and having the background insight of why we should make use of a non custodial means for our digital assets, when we have full control over what belongs to us, then there will be no more reason of getting scared of any central authority policy in finance.The authority's policies certainly cannot be prevented from being implemented, and we must still follow the regulations that may have been determined, but I agree that when we still have full control over what we have, because it is an asset that we own and is legal, so there is no need to be afraid of policies that may be implemented, whatever is ours cannot be linked to policies that may be implemented, because we still have more rights over our ownership
The measures we receive from the authorities are something we have to follow and insofar as we own the resources which are ours, then there is no reason to fret. Our ownership is absolute in full right, so that when a later policy is set it will not diminish or limit what is already ours. The sense of calm we will get from being in control of our own money will allow us to rather live every single rule that is out there.It is very important that we understand how we could live a free live with the way we are handling our finances, this can be done with the use of bitcoin and having the background insight of why we should make use of a non custodial means for our digital assets, when we have full control over what belongs to us, then there will be no more reason of getting scared of any central authority policy in finance.The authority's policies certainly cannot be prevented from being implemented, and we must still follow the regulations that may have been determined, but I agree that when we still have full control over what we have, because it is an asset that we own and is legal, so there is no need to be afraid of policies that may be implemented, whatever is ours cannot be linked to policies that may be implemented, because we still have more rights over our ownership
The rules are made with the aim of being followed and obeyed because the purpose is for the good and not to harm, so that whatever we have legally is certain that it will not be possible to be taken over, because taking it would violate the rules that have been made. True, our ownership is absolutely ours too and cannot be taken by violating the rules. Although there is always a sense of fear from ourselves about things we don't want, it is certain that it will always be safe if we don't violate the rules.The measures we receive from the authorities are something we have to follow and insofar as we own the resources which are ours, then there is no reason to fret. Our ownership is absolute in full right, so that when a later policy is set it will not diminish or limit what is already ours. The sense of calm we will get from being in control of our own money will allow us to rather live every single rule that is out there.It is very important that we understand how we could live a free live with the way we are handling our finances, this can be done with the use of bitcoin and having the background insight of why we should make use of a non custodial means for our digital assets, when we have full control over what belongs to us, then there will be no more reason of getting scared of any central authority policy in finance.The authority's policies certainly cannot be prevented from being implemented, and we must still follow the regulations that may have been determined, but I agree that when we still have full control over what we have, because it is an asset that we own and is legal, so there is no need to be afraid of policies that may be implemented, whatever is ours cannot be linked to policies that may be implemented, because we still have more rights over our ownership