The Concept of Freedom In Cryptocurrency: Important or Nay?

[Sim_card]

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.

[|MINER|]

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.

[Dr.Bitcoin_Strange]

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.

[_act_]

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.

[EluguHcman]

Of course the introduction of cryptocurrencies is a relative concept showcasing the necessary and freedom which everyone should have the right on deciding what they have merited we w course of their labours.

Decentralizations of crypto currencies is welcomed development giving us the privileges of literally on the storage decisions and processing of our financial transactions without the governments or a third party involved.

[Dr.Bitcoin_Strange]

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.

[JISAN]

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.

there should be a different study sector for cryptocurrency. More we adopt this more weekend progress. The blockchain technology is now broadly accepted in many banking system. if we study about banging sector maybe we should have blockchain crypto currency there's also.

believe it or not it's more risky to invest in crypto rather than stock market. if you do not have proper knowledge how this works. I do usually recommend people about cryptocurrency that they should learn more and more before investing in it.

[|MINER|]

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.
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.

[sampoerna]

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.

[Dr.Bitcoin_Strange]

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.
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.

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. 

[lepbagong]

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.

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.

[Vortex22]

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

[Dr.Bitcoin_Strange]

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.

[Z-tight]

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.

If you store your BTC in your self custodial wallet and you know what you are doing, you will not fall a victim to hacks and scammers, and as for market volatility, it is something you have to get used to as a BTC investor.

[|MINER|]

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".
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.