Post
Topic
Board Economics
Re: Why we need bitcoin...
by
Distinctin
on 23/12/2021, 15:40:03 UTC
Inflation is one thing, but I also really enjoy having full control of my own money.

No need to ask permission to anyone to spend it in whatever I want.

It's great to spend your money freely. Money is freedom. Bitcoin is freedom.

If you don't put your money in the bank, you can spend it without asking for permission or signing papers to withdraw your funds. However, we are only talking of cash here and it's not applicable if we love ot travel as we cannot carry a huge amount of cash, unlike with bitcoin that just have to carry the private key to access our bitcoin wallet and everything would work.

The difference between bitcoin and fiat is that bitcoin cannot be frozen, unlike your bank balance where the authorities could freeze if you are suspected to be a criminal or involve in any crime.