The Concept of Freedom In Cryptocurrency: Important or Nay?

[TomPluz]

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.

[Tribalchief]

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.

Just as you've pointed out and I really liked, not everyone will understand this whole financial freedom that some of us proclaim of. Waking up daily to see our currency lose it's value, without the people in charge been able to give proper account for their own failure is troubling. I'm really glad we have cryptocurrency today. Just as Andreas said in his book(The internet of money. Vol 1), In the world we live in before the introduction of cryptocurrency, we don't get to choose the money we use but the money chooses us. But with the introduction of cryptocurrency, we get to use which ever money we want to use.

And one interesting thing about some of these cryptocurrency that I really like, and I believe it's same reason for others, is the fact that most of them can serve as assets, and can gain value overtime. Which is clearly different from our traditional fiats that depreciates and reduce in terms of purchasing power. Well, we don't need to say much to newcomers, because they should be smart enough to make good decisions from the current happenings.

+1

[hugeblack]

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.

[Woodie]

I kind of agree, the financial freedom that is mostly preached about is not really appreciated not until you are in a state where you freedoms are sat on, but to some degree this freedom can be experienced by everyone if say you leave your bank and see all financial gains are kept by you, no middleman fees..just total control nothing like the bank is closed you cant do this, everything is under your your watch and control.

So crypto freedom might not be directly impacted but it's important that's a given.

[ABCbits]

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.

[target]

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.

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.

[ABCbits]

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.

I think i get your point. But cryptocurrency is just a protocol run by many nodes/miners, which can't help you achieve better physical freedom.

And while government could try confiscate people's BTC, it'll make more effort since some people would store it on self-custodial wallet or custodian service operated outside their country.

[Publictalk792]

Yes cryptocurrency gives people financial freedom especially those living in difficult situations. It helps them control their money without government or institution interference. This is important for those who do not have much freedom or are struggling financially.

For truly understand cryptocurrency value newcomers should learn about its history and purpose. By doing this they will see it as powerful tool for financial independence not just speculative investment. This knowledge will inspire deeper appreciation for how cryptocurrency can change lives.

[Mia Chloe]

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.

Even in the investment and assets ecosystem crypto currencies like bitcoin has made it's mark too. In fact crypto investments especially bitcoin is one of the easiest and also profitable form of investment.

Just like you mentioned op , when joining the crypto ecosystem , these importances may not be obvious to you but as you Go deeper it all gradually unveils.

[ZAINmalik75]

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 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 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.

[Asiska02]

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.

[Hyphen(-)]

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.

[Gurujebs]

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.

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.

[bitterguy28]

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 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

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

[joniboini]

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.

That being said, I agree that the effort required to check that every single citizen doesn't hold any crypto would be massive. Most of them would do P2P and even if the government managed to jail one person, tens of them would show up the next day. From the users' pov, they can make it harder to trace by using mixers, avoid any platform that requires KYC if they want to liquidate their crypto, and so on. Not sure it's worth the cost. Might as well tax them all. CMIIW.