Is Bitcoin about freedom or control?
Many people say that Bitcoin is an autonomous currency. It is a new type of currency that can’t be used in today’s banking systems. But it relies on the internet, which is pricey. This raises important questions about what Bitcoin really is and how it impacts people’s rights.
Power Focus
There is not a lot of Bitcoin, but it is being bought more and more by governments, banks, companies, and hedge funds. In gold markets and money systems, having a lot of money can change how power works.
Being honest and paying close attention
People know that Bitcoin is open. It is possible to watch every transaction and address, which can be useful but also revealing. Various groups, including the government and banks, keep an eye on this public record. While more openness can improve security, it also means that users are constantly monitored.
Privacy isn’t really what people think it is.
These days, private is more difficult to get. Monero and Zcash are examples of cryptocurrencies that were designed to help keep things secret. However, even these are being closely examined. Every action you take online leaves a mark, so tools that are supposed to protect your privacy don’t always work. This makes people worry about how safe property that relies on internet platforms is.
Why Physical Property is Important
When compared to digital currencies like Bitcoin, tangible items of value, such as gold rings, are less likely to lose value. They don’t need to be connected to the grid or the internet, and they don’t leave any data traces behind. This makes it harder for other people to keep an eye on them and control them, which is a good reason for people who want to keep their money private.
What the Internet Does
People who wanted secrecy and decentralization did not build the internet, which Bitcoin is based on. Bitcoin is designed to avoid authorities like the ones that run the system that supports it. This leads to a contradiction: Bitcoin gives users some freedom, but it is still ruled by centralized systems.
