Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You have the balls to say that paying high fees is financial freedom. FREEDOM
Otherwise I can go back to banksters, why? Different faces, same slavery problem
Otherwise I can go back to banksters, why? Different faces, same slavery problem
No, you pay high fees, BECAUSE it is giving you freedom. If you value the cost less than you value the freedom granted, do not use it. It is OPT-IN.
In other words:
The demand for financial sovereignty through the use of the - voluntary(!)- network of Bitcoin is higher than the supply right now, that is why it is expensive, not because of technical limitations. And spam attack, ofc
Freedom has a cost. No one forces you to pay it.
Ehm... no. You basically are saying
-If I want to voluntarily use the bitcoin network, I must pay those high fees. That doesn't sound like freedom for me. I cannot manage my resources freely if I'm losing a percentage every time besides the spent.
Please rephrase that, because only two alternatives available: fiat banking or the dark side
I will try, not sure i will be able
You have to pay high fees, because there are other people who also want to use the bitcoin network just as you, for whatever reason. Basically, you are competing for the next x block tx inclusion - it doesn't matter which timeline, those with "not urgent" needs also compete with the other "not urgent" ones.
This is the cost side.
The benefit side, aka the "financial freedom" comes from the properties of the bitcoin network, like censorship resistance aka:
you are mathematically/cryptographically protected against third party intrusion, such as freezing or confiscating your wealth on any reason or with method.
That is what i define as financial freedom, which comes with the aformentioned cost.
EDIT: oh i see the confusion: free (=zero cost on energy/resource expenditure) does not equals freedom (the ability to ignore the command of other actors without repercussion).