Post
Topic
Board Bitcoin Discussion
Re: Bitcoin was created to reform money and provide financial freedom
by
Mate2237
on 06/03/2024, 22:19:56 UTC
Though I might be wrong on this but I think the main or the core reason of creating bitcoin was to use it to trade p2p which is to buy goods and services online but that part or function of bitcoin creation is not working perfectly yet and I don't know if it will work in the nearest future. Because everyone one is going into the investment aspect of it and not the goods and services function. As for me the most interesting part of bitcoin is the part you can use it to buy something like Laszlo Hanyecz who used bitcoin to buy Pizza.

I like to do that but no store in my area is accepting bitcoin in fact they don't even know the name. And those who use exchange to buy bitcoin because it is the fastest way to acquire bitcoin.
The reason why bitcoin was created is not just for p2p or for buying goods and services. Bitcoin was created for freedom,  for people to handle their money without going through stress like how we stress ourselves to get our money back from the bank.  Bitcoin was also created to gain better financial height because the traditional currency have no value. Bitcoin is here to add value to the money that we have .
It wasnt that created for financial freedom because it was never been that an investment in the first place. Bitcoins existence is written solidly into its whitepaper which do pertains about p2p transactions
without 3rd party involved on which this had been that the main reason about its existence. It did really just turn out that it becomes a demand and recognition is really that high which it
ends up on having that rising value and to those who had been able to accumulate into those early years are the ones who did make out such huge money and this is something
that it is really worth for the trust that they do have in Bitcoin into those early days on which that brings out that financial freedom into those people who had accumulated.
I don't know if Y3shot has read the whitepaper of bitcoin and if he has not read it, he should do well to go and read it and understand the reason why bitcoin was created to support the fiat currency in the world. By the way let me brief him again and again because I have said it before. Bitcoin was created with the core mandate for p2p transaction of buying and selling of goods and services. And that was why the man who used it to buy 2 pizza with 10 BTC was on the test stage and it was successful. And I don't know where the financial freedom he mentioned came from. It is through the decentralized exchange process that lead to the financial freedom because nobody can control your funds if you use non custodial wallets but if your use custodial wallets then your freedom is limited. And if you use cex then your freedom has also limited.

So the best two options to use bitcoin is p2p of using it to buy and sell things online and also for the investment that has taken over the p2p of buying and selling of goods and services online.