Quote from: serjent05 on June 23, 2025, 07:40:21 PM

Quote from: justinlamode on June 23, 2025, 05:16:13 PM

I will not forget to mention that Bitciin practically destroyed the bureaucracy in the financial system and offer people the privilege of investing and building wealth with minimal restriction unlike what we have before. This freedom is part of what makes Bitcoin a thing of choice among the younger people who simply wants to be free to live their lives and pursue their dreams.

Did Bitcoin destroy the bureaucracy in the financial system? The last time I checked, that system is still in effect and is still strong. Bitcoin may not destroy the bureaucracy of the financial system, but I think it has already done its part by challenging it.

To a large extent, Bitcoin have done that because Bitcoin makes it possible for people to freely do business across boarders with little to no restriction unlike before that you have to pass through a third party. This was not possible prior to the arrival of Bitcoin. Just take your mind to payment systems such as Paypal, Skrill and even Western Union and realize that Bitcoin have eliminated the tedious process of creating and funding the accounts in those platform amidst several KYC and other conditions that must be met. Sometimes you may even be denied due to one story or the other which is the bureaucracy being referred.