Bitcoin Gives Users Total Control Of Their Money
Knowing that I control my money is a type of peace of mind that cannot be provided by a fully “stable” monetary good controlled by central bankers.The below is a direct excerpt of Marty's Bent Issue #1210: “Bitcoin gives you control. That’s the fundamental value.” Sign up for the newsletter here. (Source) We're at the part of the bitcoin bear cycle where those in the mainstream who have derided the new monetary asset running on its own distributed network as nothing more than a ponzi for degenerate speculators and drug addicts are coming out of the woodwork to claim victory. If you've....
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When you are a government as large, powerful, and desperate as the one that controls the United States, things many of us take for granted like freedom, ethics, and privacy can be easily crushed underfoot in an ongoing quest for control. Freedom and control are strange bedfellows, and rarely the two shall meet. Governments are all about control: control of their populace. Recently, the U. S. government has created many arms of regulatory government to gain more control of an evermore complicated world and its citizens. We'll leave their military exploits to another time and place for....
One big factor that’s driving up adoption in the crypto space is the ability to gain complete control of your finances. This is important for people who either want total control or simply don’t like leaving their money at the hands of other institutions like brokerages. Decentralized Finance, or DeFi, is the answer for lots […]
At its core, bitcoin is about giving users better control of their money. Often called "programmable money", bitcoin has scripts that limit how future bitcoin transactions can be spent (and that control variables like who can spend them). One such script ensures the correct person is spending the bitcoin by checking if the correct signature was used before unlocking and sending the funds. This week, Blockstream core tech developer Russell O'Connor revealed he's been testing a couple of new scripts on an Elements Alpha sidechain (which is pegged to the bitcoin testnet) that could....
In its efforts to keep money within its borders, China recently imposed a nationwide capital control law that would limit one's ability to move money abroad. According to the recent reports, the Chinese government now requires a 20% margin on all currency forwards. It means that a bank, which has sold $100 of the currency forward, would now be required to deposit $20 at the central bank. The said law reminds one of the recent Greek crisis, where the country had taken similar steps to control the devaluation of its national currency. Like Greece, China also needs to keep its funds at home,....
The IMF hates Bitcoin because its decentralized protocol and programmatic monetary policy defies the control the fund wants to implement on us all.