Could Bitcoin be considered the first Autonomous currency in the world?

[CTO114]

Money has always been controlled by the state and regulated through its fiscal and monetary policy.
Bur with Bitcoin, that is not the case, you can't trace it's control to just a single individual or a group of individuals, them off course it also has a fixed supply, so everything about it has been programmed so the issue of hiding and printing is not associated with it. Bitcoin is purely decentralized, this can be further backed by the fact that Bitcoin can also be seen as money because it embodies al the characteristics of money; store of value, medium of exchange, used in settlement of debts etc.
Yes there are challenges associated with Bitcoin, buy it takes a trailblazing part, and the world has started to see that a sovereign free money has emerged.

[odolvlobo]

Sorry, silver bullion was used as a currency in Mesopotamia 5000 years ago. Gold has been used as currency, both state-issued coins and bullion, for at least 2500 years.

[ColdLava40]

Sorry, silver bullion was used as a currency in Mesopotamia 5000 years ago. Gold has been used as currency, both state-issued coins and bullion, for at least 2500 years.

I think the discussion is a bit different from what you pointed out. Bullion and gold both have physical forms which means they can be confiscated by a state (e.g, US Gold Reserve Act of 1933) or subject to strict import and export controls.

Bitcoin= no government, no control, no central authority to push around. it might not literally be the first digital currency but the first that is fully Autonomous. It's the first system of money that runs it's on its own.

[purple_sparkles]

Sorry, silver bullion was used as a currency in Mesopotamia 5000 years ago. Gold has been used as currency, both state-issued coins and bullion, for at least 2500 years.

I think the discussion is a bit different from what you pointed out. Bullion and gold both have physical forms which means they can be confiscated by a state (e.g, US Gold Reserve Act of 1933) or subject to strict import and export controls.

Bitcoin= no government, no control, no central authority to push around. it might not literally be the first digital currency but the first that is fully Autonomous. It's the first system of money that runs it's on its own.

Authorities will find workarounds to track and, if necessary, confiscate or simply block all digital operations with bitcoin. I think it’s only a matter of time. Right now, governments around the world are creating more and more opportunities for total control, and the digitalization of all personal data and monetary units is aimed at making it easier to manage and control people in the future. I can’t say this is a good thing.