Re: The phrase to describe Bitcoin

In this phrase is how I explain Bitcoin in all senses.

"Bitcoin is the most free and pure form of a crowd-economy, free from the oppression of governments."

Free from government oppression-yes,but not free from miners,"hard fork supporters",big holders trying to manipulate the market price and "off-chain" supporters.I think the term "crowd-economy" is meaningless,what are you trying to say with this?Every economy is a "crowd economy".Obviously we need people (crowd) to have an economy.

Maybe he wanted to say that it is people currency meant to be ruled by people. We all know that all other state currencies are not in the control of common man whereas bitcoins provide everyone with same opportunity of earning profits. Bitcoins provide complete freedom to the users.

By which people, I'm sorry?

In Bitcoin it is miners mixed with big holders who rule it (which are often the same folks). If we remove miners from the equation (I guess that would mean a PoS coin), we are still left with big holders. And this is how things end up eventually, i.e. a small group of people grabs most of everything in the end. I'm curious if some coin would make any economic sense if it couldn't be hoarded. If it doesn't (which seems to be the case), then the whole story behind the "people currency" is inherently wrong and entirely false