Re: Bitcoin was created to reform money and provide financial freedom
That's all true, but it's important to not lose sight of the fact of Bitcoin's original purpose, which was to evade government oversight into transactions. That it has effectively failed in its original mission doesn't change the fact that it was designed solely to do that.
Today, Bitcoin's only viable purpose remaining is being a speculation instrument and a store of large-scale value (e.g. for holdings >$10k for instance). Monera et. al. have a niche for those trying to evade their government, but this isn't a problem most people have.
Today, Bitcoin's only viable purpose remaining is being a speculation instrument and a store of large-scale value (e.g. for holdings >$10k for instance). Monera et. al. have a niche for those trying to evade their government, but this isn't a problem most people have.
Some say Satoshi really wanted BTC to be transparent to help detect corruption, manipulation, and fraud on the Blockchain. It's rather a feature than a bug. Many misunderstood Bitcoin's capabilities, and took it for granted as a privacy coin. But as time went by, we've discovered that was not truly the case. We now have to use anonymization techniques (CoinJoin, new BTC address per transaction, round amounts, etc) or a separate cryptocurrency with enforced privacy (Monero, Grin) to hide our utmost sensitive info from prying eyes.
Privacy and freedom still exist in Bitcoin, despite the fact that most companies own most of the supply. Regulations become stricter each day with the goal of preventing as much people as possible from obtaining true financial freedom. The question is: Will you protect your right to privacy and freedom?
