Post
Topic
Board Economics
Re: BTC is freedom.
by
Alone055
on 16/02/2025, 22:02:01 UTC
Bitcoin is freedom but with great freedom comes great responsibility.

True. You just sounded like Master Oogway from Kung Fu Panda with that line. In one of the movies, he said to Po (the panda), "With great power comes great responsibility." Smiley

Anyway, coming back to the topic, it's true that most people don't understand the actual use cases of Bitcoin and how it gives them freedom in the actual sense. Most of the new Bitcoin or cryptocurrency users believe that their funds are safe and in their possession if they are kept in a centralized wallet or in a centralized exchange, but the truth is otherwise. You might have access to them for the time being, but we have seen bad things happening in the past where people lost so much money for keeping them in centralized spaces. Smiley

Only the assets that are kept in non-custodial wallets while having the seed phrases and private keys only to yourself are truly in your possession.