Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin more worth than other cryptocurrencies that have better specs?
by
serjent05
on 12/10/2019, 17:29:55 UTC
3. Bitcoin introduced financial freedom to everybody no matter your social status.

You don't have to disagree with each other, both reasons can be combined. Except maybe for number 3. How can bitcoin gives you financial freedom when it can go down or up just like normal currencies do? And is bitcoin is even too volatile that is dangerous in terms of your financial security? Maybe you are earning bitcoins online? But everyone can also earn online with fiats too. Maybe the financial freedom you meant is free from government interventions?

It seems he got confused on what financial freedom means:

Quote
Being free, financially, means you can maintain your desired lifestyle without a regular paycheck. In other words, financial freedom is the 21st-century definition of retirement.

Isn't financial freedom been known even before Bitcoin is created?  Bitcoin introduce decentralized blockchain that is for sure.  But financial freedom?  I don't think so.  It can give us financial freedom if we are wise enough to invest in bitcoin during its dip and sell at its ATH, or we are one of the early birds that bought bitcoin for less than 1 USD..



I believe it is the mass acceptance the reason why bitcoin is worth more than other cyrptocurrency that have better specs.  It is really an advantage to be able to spend Bitcoin in thousands of merchants around the world than having an advance technology but cannot be use to buy us some items.