As we speak, the concept of money and traditional finance is changing. Not only are we moving to a digital decentralized economy, although I doubt the whole world will be part of this transition, but we are finally starting to become the owners of our own funds.
People have been talking about Bitcoin for years. But they are missing the point.
Bitcoin is a computer code. He is neither weak nor strong. No government can do anything with it. It just exists.
Bitcoin maximalists see it as a symbol of financial freedom and sovereignty. Wall Street sees it as a way to make money from people who want to make money from changing its price. Investors see this as a way to grow and maintain their wealth.
This is the nature of an open, authorization-free, electronic peer-to-peer money system. Everyone uses it for whatever they want, and everyone looks at it as they want.
I know the story below can be controversial, but let me show you a case that clearly shows that your money in the bank does not really belong to you.
There is one guy on twitter named Kevin Rook, who posted an interesting snapshot of his situation with his business account he had and how the bank handles it.
The bank claims that Kevin does not actually own his money, and if he does not use it in any way for nine years, the account will be closed and his personal funds transferred to Bank Of Canada. Democratic?
Thus, the money belongs to you, if you transfer it back and forth, pay a commission for it and leave traces of your transactions on their servers. Otherwise, they will be taken from you and sent to some central bank.
Have you ever heard of Bitcoin taking your funds?
Yes, there are times when people lose their private keys and can no longer access their wallets, when they send coins to the wrong addresses, or make all kinds of operational mistakes that lead to the loss of their funds, but never in the history of Bitcoin do coins disappear from inactivity. or something else.
This will never happen because the blockchain is not in the hands of a central authority. No one has a shutdown button or acts as a trustee in this blockchain.
However, banks do actually own the money that we hold in their accounts, because they actually own it.
Where is the revolution?
The real revolution is a change in paradigm and worldview. Re-evaluating our current understanding of wealth, money, and trade.
When an idea exists in the form of computer code, no government can legislate it. No entity can destroy either it or the idea and values that it represents. Cryptocurrency can never truly die.
Can governments drive him underground?
Or, more likely, use it to your advantage. For example, legalization and taxation of its use or income from mining. Or perhaps build platforms for payments, settlements and accounting on the blockchain.
They may even use it to bypass international sanctions.
Does the government use an anti-government monetary system?
No matter. It is important that everyone can use Bitcoin however they want.
And if it’s not Bitcoin, it could be any other cryptocurrency.
When someone can create a money system on their laptop and release it globally, there is no limit to what you can create.
If governments try to get hold of bitcoins, someone will create a different version. If elites collude to take over one blockchain, someone will create another.
The code exists anytime, anywhere.
Bitcoin simply provides a platform for free private financial transactions. With Bitcoin, you never need to ask permission. You only need to act.
Bitcoin embodies shared ideals. It represents an alternative to the system that always fails us.
As Hannah Hajar said, Bitcoin reveals the truth.
If you value financial privacy, security, sovereignty, fairness, and integrity, you will find it all in Bitcoin.
If we do not present this vision of Bitcoin, we will become victims of the same selfish, self-serving results that we always get with everything else: rules written by lobbyists for the benefit of the rich, laws made for political gain, not for the welfare of society.
Every purchase of bitcoin by funds brings us closer to the day when Wall Street will take over bitcoin, like all other financial markets.
And we will gladly allow him to do this in exchange for additional money from our governments.
Only then will Bitcoin weaken and governments can suppress it.
This revolution began as a rejection of the status quo, not as a way to replicate this system as a set of computer protocols.
Governments can kill technology, but they cannot kill ideals.
These ideals must be maintained. They matter much more than FOMO and Bitcoin price breakouts. They talk about our subconscious need for freedom and opportunity. They serve the public good more than any of our politicians can provide.