Community Trust ScoreVerified
The government is ultimately superior. This is irrespective of alternative claims. The governments can declare anything illegal if it does not meet their standards or if it against their sustainability as a sovereign.
Bitcoin can never give what the governments take away; however, advocates claim otherwise. The value of Bitcoin is for as long as there is electricity supply and for as long as governments permit it to happen. Above all the value of Bitcoin is conditional to people accepting it. Anything that people use is regulated by the government.
If there is mass adoption and the government is doing to declare it is not going to really work out. It can be the wish of liberty advocates to see everything decentralized, but the reality is that there needs to be some degree of centralization or at least pseudo centralization.
For instance, Michael Saylor, Dan Held and other Bitcoin advocates are creating a pseudo centralized environment for Bitcoin. Similarly, Charles Hoskinson for ADA, Vitalik Buterin for Ethereum, Emin Gun Sirer for AVAX, and so on.
Also, Defi is a kind of alternative banking irrespective of whether they call themselves un-banking or debunking banks. Everything is about the old wine in a new bottle.
Dan Held shared: “Governments take your rights. Banks take your money. Bitcoin gives it all back.”
Community Response: If you were right, they wouldn‘t allow bitcoin.
They can’t stop it. They could if they want to. Maybe not the tech itself but the whole industry/infrastructure around it. Try to buy crypto if it’s illegal and the feds are watching. Normie mass adoption would never happen.
If it became illegal to buy crypto in America, you could just go somewhere where it is legal and purchase there. VPN is also a thing for added privacy. The feds/government can try to control us, but that’s all they can do, is try. Weed is illegal and people still buy and smoke it.
Sure, but drugs are not accepted by society. Alcohol on the other hand is widely accepted and it’s normal to order red wine in a restaurant while on a business dinner. Try that with weed. So, it makes a difference for mass adoption whether it’s legal or not.
Riding the volatility wave becomes more and more awesome the longer you HODL, it becomes almost like a kick when you HODL during a heavy dip. You see the entire media burning down and in the meanwhile be like: this is fine.
Governments print unlimited fiat. That’s why most currencies are so sensitive to inflation. Bitcoin supply can never be increased and that’s what makes it so valuable!
You neither understand fiat nor Bitcoin. What would you do with Bitcoin if nobody accepts it? Bitcoin is contingent on people’s acceptance. Bitcoin can lose another 40% of its value within the next two months. It has no utility.
It’s very sad people don’t understand this and assume scarcity is more important than popularity.
Exactly. Scarcity is not a value, it’s simply a feature that can be valuable if people value it. The concerning thing about Bitcoin is it’s losing popularity and market domination. This will continue. I won’t be surprised to see Bitcoin at $20,000 by the end of 2022.
That’s why it’s much better to own USDT in a crypto wallet than dollars in a bank account.
What is left for the children to do? They remain under the oppression of their parents, who take their rights not to do their homework, but to do more pleasant things.
The crypto market is filled with opportunities that’s why the government won’t allow it to flourish, with the right investment I’ve secured 9BTC in profit by trading with signals from Mr. Peter.
Until of course, you need to exchange it for fiat to buy something Thinking that Bitcoin is separated from the world is synonymous with countries thinking a closed border will keep Covid away from One world.
That’s why I bought Bitcoin some time ago and still hold it in my wallet. I’ll never sell it to buy a TV or something like that. I’m in it for revolution.
BTC is worthless unless you can move it from address to address. It’s like having gold and no ability to handle it to anyone.
Yes, it’s our hedge. The thing that the government doesn’t really like about Bitcoin is one of the reasons why I’m buying it on Bitfinex.
Bitcoin gives it all back to the one who has patience. Now, this is complete.
Governments grant and protect rights, so long as you wish to participate in a civil society. Politicians steal your money by granting power to banks to print money. It is nuanced but makes a difference. Governance is not inherently a bad thing but it needs to be automated not dictated.
