Post
Topic
Board Bitcoin Discussion
Re: HODLing Bitcoin isn't merely an "investment"
by
zanezane
on 04/05/2023, 14:53:09 UTC
Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave

Absolutely, a person can have the freedom to have his/her own Bitcoin lifestyle and have his/her own attitude/purpose. But I believe it's undeniable that Bitcoin will always be something political, because by its very nature, the way it was technically designed, its features have the ability to weaken and break down political strongholds and many people have not truly understood that. I believe Nayib Bukele did.

 Cool
I agree with you there that Bitcoin has the potential to challenge existing political structures, particularly those related to monetary policy and central banking. Bitcoin's decentralized nature and its ability to facilitate peer-to-peer transactions without intermediaries have attracted attention from individuals who are skeptical of traditional financial systems and seek greater individual autonomy.

Incase you guys didn't know. Nayib Bukele, the presisdent of El Salvador, made headlines in 2021 by announcing that his government would adopt Bitcoin as legal tender, making it the first country in the world to do so. Bukele cited bitcoin's potential to promote financial inclusion and reduce the country's dependence on the US dollar as reasons for the move. however, the decision has also been criticized for its potential to exacerbate economic and social inequality, as well as for its potential to undermine El Salvador's existing institutions.