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I'm positively sure you that you have heard these two words, Financial Freedom, propagated everywhere in the media or YouTube (through advertising), etc. But what does it actually means and it is true that you can have a freedom by using cryptocurrencies?
Well unfortunately, NO! Financial Freedom is just a dream, a way of luring you through advertisement, a distraction from the true purpose of crypto that it was crated for. Financial Freedom it is not possible in this way of living that we have today, mostly because everything that we purchase and sell is related with FIAT Currencies. Either you want to buy a crypto or a stock or an asset in general, for you to own it legally, is to have a fiat sum written on a paper. So is this freedom to you? Definitely not from my perspective. That's the reason why BITCOIN and/or OTHER POW COINS (not PoS or other S**T coins) MUST BE LEGAL TENDER IN EVERY COUNTRY!
What about the Financial Independence, you might ask? Well my friends that is what the creator of Bitcoin was thinking about. To gain an independence by creating your own form of electronic currency, and in order for you to have an independent medium of exchange that can surpass and avoid at the same time, any fiat currencies we know today, and that is to mine the coins with your own computer! If this is not decentralise finance then nothing will be. Unfortunately these days in 2022, in Bitcoin's case, you MUST buy it in order to own it, but fortunately you can still buy it with other cryptocurrencies through various exchanges, decentralised or centralised. Always try to remember to NEVER EVER BUY BITCOIN OR OTHER CRYPTOS OWNED BY THE BANKS, ASSET MANGERS OR HEDGE FUNDS LIKE JP MORGAN, FIDELITY, BLACK ROCK or MICROSTRATEGY etc, and I will explain that later in a different article!
Still there is a catch here though: How are you going to get your Bitcoin from now on? There are two possible ways and one optional:
1) Buy/exchange Bitcoin
a) with FIAT (Worse possible way because you won't have independence or freedom whatsoever). The purchase involves banks and the current financial system bla bla bla...
b) with Crypto - POW coins (THE ABSOLUTE BEST WAY POSSIBLE)
- or POS, dPOS, coins etc or more exactly coins that you do not mine them yourself. (it is somewhat a fair option of getting your Bitcoin but it is still bellow "the good option", mostly because the non mineable coins MUST involve the FIAT in some way or another or it can be related to it).
2) Mine Bitcoin
- Mining it solo is close to extremely difficult (you could have a block mined with your own rig like it was proven by some miners few months ago when the hash rate dropped, but it might not worth the reward after all, mostly because of electricity consumption).
3) optional (I will never recommend it, but still this illegal/criminal option exists) - To steal or to get an ransomware
- no matter what "good intentions" you might have, this is an awful option, because it has been proven so many times that the Bitcoin can be tracked and sooner or later not only that you'll lose the unfair gotten BTC but you'll also get jail time for that matter, therefore a big no no!
So what if Financial Freedom is not possible, how exactly is Financial Controlled Slavery works?
Well, we all know what slavery is right? A controlled slavery is that all the things that you do no mater how important or insignificant they are it is impossible for you to escape the system. To add more hurt to injury, the CBDC will be the outmost effective way to make that possible, an absolute control of your finance For now (before major CBDCs will be released), you could bend this system to work for you, but you cannot escape it. Those who understand how the system works (aka "Elites"), can pay no taxes or at least a small and insignificant amount. Because the non taxable way to get rich is to get a debt and pay it with more debt. I know it's weird, I tried so hard to understand it my self as well. If you think deeply this is a way of system manipulation, or you might say that it's a "glitch" in the system that was intentionally planted there in order for the super wealthy to get even more wealthy.
The only good side of this "glitch" and that is that every person can manipulate it if, and only if can get a huge amount of debt from the banks, invest in stocks, get the dividend, then get more debt by collateralizing the dividend, then cash out the profit... NO TAX PAID BECAUSE DEBT IS NON TAXABLE! AWESOME RIGHT? Nope my friends, and I will explain why.
First: your are doing all of these procedures inside the current financial system.
Second: at some point in time the stocks will drop (best example is this year) therefore you loose everything if you do not know how to exit.
Third: Not your money not your freedom. Not even independence for that matter. Your in the system, remember?
This Controlled Slavery it was conceptualised long time ago and is still working today, but luckily for us the Crypto exists. Oh yes the old crypto, maybe not that old compared to fiat... but anyway... Does the crypto can liberate us and give us the long desired independence at least?
YES IT CAN BUT, I want guys to understand one thing, as long as you get your crypto in any way possible besides creating it through Proof of Work, you are still in the system, the fiat system, therefore your in a Controlled Slavery environment, therefore no independence.
Just try to take care of yourself out there!
