Quote from: Marvell1 on Today at 02:30:30 PM

Quote from: Learn Bitcoin on Today at 10:23:58 AM

Quote from: Marvell1 on September 30, 2023, 08:12:43 AM

Of course, financially, bitcoin gives us freedom from government control but I don't think that's the top priority. I think its profit is what we prioritize and care about more, then privacy.

Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.

Well, I'm not saying we should prioritize profits over privacy, but that's exactly what's happening. If people investing in bitcoin are prioritizing privacy over profits or any utility then people should not use centralized exchanges or any centralized service to store bitcoins. But you see, the majority are still relying on centralized exchanges so what's wrong with me saying that people are prioritizing profits more? But you are right, not all, there are still some people who really understand the importance of privacy and they are valuing it more than a lot of other things.

There's literally a lot of people that would prioritize their privacy over profits. Just imagine this, especially to the newbies in the crypto industry that would live to invest or trade in Bitcoin. Yeah you might already have the knowledge before entering the market but that's one step to prioritize profits and privacy, to trust decentralized system risked their funds cause they would like to earn profits. Thing is we could agree that some centralized exchanges are more secured and not prone to hackers and scam, the only thing that would lose trust of the customers are the exchanges itself. Cause people would focus on profits to avoid the transactions fees to that exchanges over their security.