Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: Why we need bitcoin...
by
Silberman
on 03/01/2022, 16:10:24 UTC
Quote from: DooMAD on December 31, 2021, 02:14:34 PM
Quote from: Silberman on December 30, 2021, 11:10:42 PM
Quote from: nullama on December 23, 2021, 01:33:28 PM
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.
Without a doubt that is a great advantage of bitcoin, and it could be argued governments and banks hate this even more than the fact that bitcoin protects you from inflation, after all with the banking system banks and governments can block your bank accounts at any moment they want for no reason at all, this allows them to exert a huge deal of power without lifting a finger, as just the threat of this happening to you is more than enough to fear them, after all losing the savings of all your life is terrifying, however bitcoin protects you from this as well and they do not like that we can enjoy this level of freedom without them having any power to stop us.

Not to mention all the Bank Holidays at this time of year.  I can understand X-Mas and New Year's Day, but I have no idea why Monday 3rd Jan should be a Bank Holiday.  Dunno if it's the same in other countries, but it's a Bank Holiday here. 

Bitcoin doesn't know or care what day it is.  It knows only blockheights and has no concept of what a holiday is.   Cheesy
Good point, while those kind of bank holidays are just a nuisance we know that when governments lose control of their economy they call for bank holidays to protect the banks from a rush against them so they do not go bankrupt, and not only that a bank holiday of that type can last for weeks in which you have no access to your savings, and once the bank holiday is over most likely the amount of money people had on their bank accounts has gone down or it has lost a great deal of its purchasing power during that time, something that cannot happen to bitcoin.