People have a complete misunderstanding of Bitcoin. They think of the 'bit' in Bitcoin as the bit in computer language. And, to some extent they are right. But the 'bit' is so much more than that, and in some ways, so much less. Here's what I mean.
The bit in the mouth of a horse can turn the whole animal at the will of the rider. But if all you have is the bit, it will fall right out of the horse's mouth. You also need the bridle if you want the bit to be able to do it's job. And you need the reins if you want control.
What is the bridle in Bitcoin? To some extent it's the blockchain. And what are the reins? They are the extent that the rider allows himself to control the horse, with or without the control of government or banking. It's up to the rider where he wants to sit in the saddle... in control of the horse, or under the thumb of government.
When does government control at least some of the Bitcoin activity? When it is public, right? Like Coinbase, and their relationship with anybody who uses their system.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
This might sound funny regarding Bitcoin, but read the short article, "Properly Adjusting a Bridle: How to Fit a Western Bit" - https://www.aqha.com/widget/-/properly-adjusting-a-bridle - and think about how to apply the info to Bitcoin and your transacting using it.
It's time that we start to properly understand how we can totally bypass government and banking through privacy laws and rules. By going through public exchanges, we are sticking ourselves right into government. As a possible alternative, consider BISQ and BISQ 2.
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?
The bit in the mouth of a horse can turn the whole animal at the will of the rider. But if all you have is the bit, it will fall right out of the horse's mouth. You also need the bridle if you want the bit to be able to do it's job. And you need the reins if you want control.
What is the bridle in Bitcoin? To some extent it's the blockchain. And what are the reins? They are the extent that the rider allows himself to control the horse, with or without the control of government or banking. It's up to the rider where he wants to sit in the saddle... in control of the horse, or under the thumb of government.
When does government control at least some of the Bitcoin activity? When it is public, right? Like Coinbase, and their relationship with anybody who uses their system.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
This might sound funny regarding Bitcoin, but read the short article, "Properly Adjusting a Bridle: How to Fit a Western Bit" - https://www.aqha.com/widget/-/properly-adjusting-a-bridle - and think about how to apply the info to Bitcoin and your transacting using it.
It's time that we start to properly understand how we can totally bypass government and banking through privacy laws and rules. By going through public exchanges, we are sticking ourselves right into government. As a possible alternative, consider BISQ and BISQ 2.
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?