The Concept of Freedom In Cryptocurrency: Important or Nay?

[Dr.Bitcoin_Strange]

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.
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.

[|MINER|]

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.
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.

[Dr.Bitcoin_Strange]

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.
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.

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.

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.

[Aanuoluwatofunmi]

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.
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.

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.

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.

[Publictalk792]

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.

[PX-Z]

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.

[Aanuoluwatofunmi]

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.

[Dr.Bitcoin_Strange]

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 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.

The advice is not to completely avoid the centralized exchanges, No, because there are so many features that the centralized exchanges posses which the decentralized wallets do not, and these features are numerous and could also be features we need more often, like the traders, you can still use your centralized exchanges or wallets for your activities, but for the safety of your funds, avoid using them as your safe box or some of safety nets for your funds as it is extremely dangerous.

[Publictalk792]

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?

[|MINER|]

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.

[bayu7adi]

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...

financial freedom is everyone's goal, while freedom in cryptocurrency is avoiding restrictions related to privacy. correct me if I  wrong.

[|MINER|]

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.

[_act_]

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.

[lepbagong]

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

[lombok]

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.