Re: 12 years later and people still don't know to use Bitcoin nor what it's good for
Only had 1 merit to give, great job.
Hehe, no worries, thank you!
Now, what is the solution exactly? because I can't see one to avoid slavery by centralized exchanges.
In my opinion, the solution I see is the one from the end of the OP:
Do you want to live something like that? If not, then cease using Bitcoin together with centralized exchanges and banks! Use crypto cash-in / cash-out ATMs, which offer you anonymity. Use decentralized exchanges, which don't hold a dime of clients' money and act just to connect the users one with each other. Use peer-to-peer transfers. Use crypto wallets which have embedded anonymous exchanges, allowing you to exchange a cryptocurrency with another one. Use any method to preserve your anonymity and financial privacy. It's for your own good.
I doubt if Satoshi was thinking about the general population when he invented Bitcoin, I say that because of 21M limit, he or they invented Bitcoin as a model for us to follow, but we got stuck with the first model because the system does not want us to move forward with this great idea.
Well, don't forget that although Bitcoin has 21M units, it also has (as of now) 0 decimals. If you count it in satoshis, then you can say there will ever exist 2.100.000.000.000.000 satoshis, or 2.1 quadrillion satoshis. Besides, Lithning Network already uses 12 decimals, not just 8. When the time will come, the number of decimals can be extended, therefore the initial 21M BTC is not too relevant...
We all know that Bitcoin is not enough for us all, I'm talking about the future of course, where we could be free and not slaves, talking about a time when all the centralized monetary systems have failed, people are free using fast transactional systems without paying any high fees.
Bitcoin was invented to weaken the US and EU's knees on our throats, yet we can't still breathe, sadly.
Bitcoin was invented to weaken the US and EU's knees on our throats, yet we can't still breathe, sadly.
I think this is why it's better to start saving as much BTC as we can!
Nice post, I always appreciate someone who tries to give educated information to others.
Thank you.
Anyway, I think it should be better if you have a survey related to how familiar people with Bitcoin.
I never thought about that, but it looks like an interesting idea. I'll think to a proper format of such a poll. Thanks!
10 more years will pass and the percentage of people who still don't know about bitcoin will be just as large.
I really hope you are wrong about that but, as things are now, sadly, there are high chances for you to be right
The second site is pure gold! Thanks for mentioning it, hd49728. I remember I read almost everything I found on it. The Literature section (https://nakamotoinstitute.org/literature) is a large collection of writings made by other legends of cryptography, such as David Chaum, Nick Szabo, Amir Taaki, Eric Hughes or Tim May. I totally recommend it to anyone interested in learning about cryptography!
It's nice to see such a detailed and worked post. I personally follow what you preach
This is a very wise thing to do, indeed. Stay as far as you can from centralized exchanges, banks and KYC! Speaking of KYC, I'd also like to suggest all of you reading this precious essay of 1miau: Why KYC is extremely dangerous – and useless.