Gustavo-Woltmann
Restricted (50-70%)
- Impact
- 40
The whole purpose of Bitcoin is to take power from financial institutions and put it in your own hands. You are able to store your own BTC, and there are plenty of guides on how to do so.
When you purchase “Bitcoin” from places like PayPal and Robinhood, you are not buying Bitcoin. You’re simply buying a promise from the company, and they will be the owners of your Bitcoin. In doing so, you allow them to perpetuate fractional reserve banking and other malicious practices, ultimately putting more money into the hands of greedy people at the top. Do not wait until it’s too late, and a company finds it more profitable to take the Bitcoin and run.
It can be daunting for newcomers to buy and store their own Bitcoin, but there are a lot of people here willing to help.
Gustavo Woltmann.
When you purchase “Bitcoin” from places like PayPal and Robinhood, you are not buying Bitcoin. You’re simply buying a promise from the company, and they will be the owners of your Bitcoin. In doing so, you allow them to perpetuate fractional reserve banking and other malicious practices, ultimately putting more money into the hands of greedy people at the top. Do not wait until it’s too late, and a company finds it more profitable to take the Bitcoin and run.
It can be daunting for newcomers to buy and store their own Bitcoin, but there are a lot of people here willing to help.
Gustavo Woltmann.
