Quote from: redsun114 on June 19, 2018, 08:11:59 AM

Quote from: Hell-raiser on May 10, 2018, 04:06:48 PM

Quote from: magneto on May 10, 2018, 10:45:49 AM

Commercial banks, as we have seen, have absolute control over your accounts. They can suspend transactions, freeze accounts, do all that. We've even seen them do this to crypto related transactions, and say that they don't accept these transactions altogether.

I'm with you on this.

It is hard to overestimate the significance of being financially independent, I mean, truly, indisputably independent. Before crypto, if you didn't belong to the elites, they could easily make your life miserable by stealing your financial freedom, and ultimately just freedom. This is no longer the case. Indeed, there are other aspects of personal life that governments still have a full control over. But crypto has shown us all that the government diktat is not absolute, and it can be effectively evaded. Now you can hide your wealth, and if things go terribly awry for you personally for whatever reason, you can run and settle anywhere you like. Your coins will be with you.

Yeah bro, it is really hard. The thing here is it was meant to be like this until the banks and government decided to just take hold and control of everything, and making us be the ones to suffer for their bullshit manipulations and policies. Decentralization has given us the opportunity to make transactions between whoever we want to make transactions with without the banks being on our neck all the time, or giving some policies to limit how we live our life or spend our money.

the problem with centralized policies is that, simple violation could lead you to a worse outcome, just like what yoh have said about freezing your accounts. the advantage of having decentralized policy is the opposite of centralized system, it is also labeled as financial freedom, that is why few people tend to abuse it.