Post
Topic
Board Bitcoin Discussion
Re: How Bitcoin can help Local Communities
by
Fundamentals Of
on 06/11/2021, 03:12:12 UTC
This is the true nature of the potential bitcoin has to give back the power to people.

Is this what it means when Bitcoin claims that it gives back the power to the people? Or this is really how Bitcoin empowers the people? I don't think so. Your example is nothing about Bitcoin really. This is the way capitalism works. This is happening even outside Bitcoin so this is not really the empowerment that Bitcoin distinctly provides to the people. The kind of freedom and empowerment that Bitcoin provides is in financial or monetary terms, particularly that people don't have to depend on intermediary banks, governments, and central banks anymore. Bitcoin makes everybody their own banks. Their transactions are done directly to the person they're dealing with, without the intervention of third parties.