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❓ASK Bitcoin puts financial autonomy in the hands of the people

Flower

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The decentralized characteristics of bitcoin makes it possible to carryout self-executed transactions. It forged freedom from the third party through it decentralized nature.

The decentralized network allows for the elimination of corruptions witnessed in the centralised system. The government who have so much faith in the centralised financial system because of their selfish nature. They could manipulate the citizenry inorder to perpetrate all sorts of corrupt practices.

The decentralized financial system gives you power of autonomy on your financial dealings, and this is what the government detest.

Bitcoin is the greatest technology that put the control of money in the hand of the citizens.
 

Henrytuedor

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Not exactly because butcoin itself is in the hands of the people that are controlling it centrally who hold big so the doubt is clea4s here to be ...
 

Wisdom01

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Exactly ,I think this is why so many government wants to ban the use of it , because with Bitcoin the control power is vested in the hands of the citizens ,as the government have less control since money is power
 

Jack / 47 F1

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the money mafia junkies aka the big banks, control countries & politicians. that is the major reason why btc & other cryptos have been bad mouthed & banned in many countries. because the controlers are losing control over the masses / people. i think 1 of the rockefellers said, who ever controls the money supply, controls the country. or something like that. the same that stalin once said, it doesnt matter who won the election, what matters is who counts the votes. we the people of earth, need to take back control of our lives. 1 of the ways we can take back control is by being our own bank.
 

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This is the reason why most don't really accept bitcoin or any other cryptocurrency because they felt that due to decentralised nature of bitcoin, they can't be manipulate it.
 

Jack / 47 F1

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This is the reason why most don't really accept bitcoin or any other cryptocurrency because they felt that due to decentralised nature of bitcoin, they can't be manipulate it.
in theory, cryptos should not be able to be manipulated, price wise. but, when whales come in & hold a vast majority of the coins / tokens, that is when they manipulate the price. just like the last couple of days, btc dropped roughly 5 k usd in just 2 or 3 days. why or who pushed the price down ?¿??¿
 

Flower

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Not exactly because butcoin itself is in the hands of the people that are controlling it centrally who hold big so the doubt is clea4s here to be ...
We are on the same page. Bitcoin allow you to carryout self executed transactions without the third party as it were in the centralised system.
 

Henrytuedor

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Well last year it was $250 million so that's about twice the improvement this year which shows the fact that more awareness is done already to be honest ....
 

Flower

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Well last year it was $250 million so that's about twice the improvement this year which shows the fact that more awareness is done already to be honest ....
This the power of the people at play. The investors now have full control over their investment. No third party interference. It gives opportunity for autonomous control of money.
 

Ononivami1

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It's no longer news that you could carryout a cryptocurrency transaction without the third party involvement. This is the power of decentralisation.
 

Flower

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It's no longer news that you could carryout a cryptocurrency transaction without the third party involvement. This is the power of decentralisation.
The blockchain technology makes this possible. All transactions made on the network remains anonymous and could not be influenced by any means.
 

darasimi

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The blockchain technology made it possible and this is the reason why the technology is been advanced and used in so many ways apart from the crypto space. I would strongly recommend it for electioneering process.
 

Emoney

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That is why bitcoin and crypto is so desirable for so many. It gives us all freedom to manage our own money without the intervention of those corrupt banks.
 

Henrytuedor

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Yes you are right but if the country has strong economic system then people will abide by and prefer to use the dollar and not involve in crypto
 

microunit

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I think depends on the people, as some people still has trust in their banks depending on the country as sure some banks may be corrupted and that may be only true in that country but not all
 

Flower

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The blockchain technology made it possible and this is the reason why the technology is been advanced and used in so many ways apart from the crypto space. I would strongly recommend it for electioneering process.
The blockchain technology is worth using outside the cryptocurrency space. It as proven to produce positive result over time. The success it achieved in the crypto space said it all.
 

darasimi

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The blockchain technology is worth using outside the cryptocurrency space. It as proven to produce positive result over time. The success it achieved in the crypto space said it all.
Yes, that's true! I have seen the technology used in some other areas outside the cryptocurrency space and it is very awesome. The brains behind the creation is a genius.
 

Ononivami1

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The blockchain technology makes this possible. All transactions made on the network remains anonymous and could not be influenced by any means.
The anonymity is what makes it unique. It is totally different from the centralised transactions as it help take control of your finances.
 

Henrytuedor

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You can't say that becayluse if you talk about truely anonymous then only monero is near to it but that too is not fully anonymous as well ...
 

Flower

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You can't say that becayluse if you talk about truely anonymous then only monero is near to it but that too is not fully anonymous as well ...
I think anonymous in this context means that we can't the person who carryout transaction on cryptocurrencies would remain anonymous as it doesn't carry the person's information.
 

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