Quote from: imamusma on Today at 03:32:42 PM

Quote from: yazher on September 14, 2022, 10:28:29 AM

As I looking at some news today, I saw this one that has the same problem with the other banks all around the world where they sometimes restrict you to get your own money and they ask you for some valid reason which not all people needed to do because first of all, it is his/her money. Some people are forced to do this stuff when if only she had bitcoins, she wouldn't have put her life in danger or anyone else. she could just withdraw wherever she wants.

I remember something that can describe a bitcoin decentralized financial system better than a centralized financial system and that is that; bitcoin is a financial system that provides financial freedom as if the users had a bank in their own hands.

The status of bitcoin itself is not yet a very emergency financial system to be adopted by everyone in any country. Banks and their centralized financial system still dominate the needs of the world's population and their services cannot be separated from the everyday user appeal of both small and large businesses. Bitcoin is a public currency that does not need a central authority. This currency and financial system is still in development to a wider level of adoption, but of course bitcoin can't be forced to be adopted by everyone who doesn't believe in it. Adoption is still at the minority level, but will increase when the regulation and legality are approved by the government.

Bitcoin is currently only constrained by regulatory problems. Each state government provides different regulations on how bitcoin is used. Even countries that prohibit bitcoin do not allow any transactions related to crypto or bitcoin. Adoption is currently only carried out by a few countries that do believe in bitcoin. Adoption has not expanded significantly because there are still many pros and cons.
The central government is still tied to the bank's financial system and everything is regulated by the bank. Bitcoin is only an optional asset that can be used or not depending on the choice. Bitcoin is in the minority, but even so the level of trust in bitcoin continues to grow and improve.
It's only a matter of time, Bitcoin can certainly be a good way out to improve the financial system of banks that are sometimes unfair and are more concerned with their profits.