Post
Topic
Board Bitcoin Discussion
Re: Be rich sheeple or free people, what's your choice?
by
BigBos
on 15/09/2023, 05:44:44 UTC
- Bitcoin is not legal tender, but the genie makes it so that the government has no way and no intention of making any move against it, nobody is banning you from owning, nobody is taxing you, nobody cares about your KYC, AML, taxes, profit, any legal action against anything that involves Bitcoin is impossible and illegal, any seizure impossible as it would break the law, you're as free as one can be. But the price stays forever at $30,000.

No middle way, no trick, no further questions, no this or that, your choice and tell me why this and not that!

I would choose the second option, personally to me, it doesn't matter what the price is. Decentralization is much more important for Bitcoin, this means no single entity has complete control, making it highly resistant to censorship and interference. It's this decentralization that ensures that transactions are transparent, tamper-proof, and trustless, allowing users to send and receive value without relying on intermediaries. This feature is vital for financial inclusivity, privacy, and maintaining the integrity of the Bitcoin network
The problem is that this won't be possible either.
For other issues such as KYC or Taxes maybe I will rule it out but when it comes to the price it is clearly not going to be possible even if we suppose in this case but of course we have to be more rational in supposing that something like this is a hope that maybe I will have something like that.
The price of bitcoin will not stagnate at a certain price, this is not a stable coin where they will only remain stable at a price that does not have much change. Moreover, what makes bitcoin up to this point is fluctuations and when they no longer have fluctuations and the price is stable then it could be that interest is also lost in this case because one of the uniqueness of bitcoin is with their fluctuations and volatility that occurs.