beginingCryptocurrenciesBitcoinHow To Use Bitcoin To Get True Money Freedom.

    How To Use Bitcoin To Get True Money Freedom.

    I don't know you personally, but I'm sure you work hard every day to earn a lot of money. I guess that's because most people do. Work hard to build a better future or just enjoy the present better.

    And then one day you realize that your hard earned money isn't really yours.

    It is only given to you by the powerful people in charge of the current monetary and financial system. To keep it, you must use your money according to their rules. Thus, you cannot do all the transactions of your choice with your money in the current banking system.

    The power of censorship of those who run this system is complete. They can also decide to confiscate your wealth for completely random reasons.

    For those who are content with these restrictive rules, worse things are to come. The original sin of the current system: the ability of central banks to print as much clean money out of thin air as they see fit . This big monetary inflation continues to depreciate your purchasing power over time.

    This is something dramatic that prevents you from achieving true freedom with your money.

    The day you discover this ugly truth about the current system, then you will be delighted to discover at the same time that a solution already exists. This solution is called Bitcoin and it has been working continuously since January 3, 2009. It is up to you to take advantage of it.

    To do this, you need to follow 5 steps.

    1. Buy Bitcoin

    Invented by Satoshi Nakamoto, Bitcoin is a revolutionary P2P system that gives power back to the people. Bitcoin is an encrypted P2P money. Best of all, Bitcoin is the money of the people, backed by the people.

    Bitcoin gives you basic safeguards to protect the fruits of your labor from the ravages of monetary inflation in a censorship-resistant manner.

    Thus, the supply of Bitcoin is limited to 21 million units. Its programmatic monetary policy abstracts you from the arbitrariness of human beings. It allows you to save your money without fear of seeing its value inexorably decline.

    This is a total paradigm shift that the general public will have to get used to in the coming years. Once they discover this, people will obviously buy Bitcoin. Demand will explode while supply will remain the same. You don't have to paint a picture: this will cause the price of Bitcoin to spike.

    2. Control your private keys

    Bitcoin only gives you power if you have private keys associated with your units. Without private keys in your possession, you fall back into the same trap as with the current monetary and financial system.

    You trust a third party to take responsibility for your wealth. You don't actually take power.

    To take power with Bitcoin, you need to control your private keys. In this regard, constantly remind yourself of the following golden rule:

    Not your keys, not your bitcoins.

    After you buy your bitcoin on an exchange, your first instinct should be to transfer it to a fridge to get hold of your private keys. Once this is done, you can truly live your life on your own terms .

    3. Launch your own node on the Bitcoin network

    The next logical step is to become your own bank. This can be done at any time without the need for permission by starting your own node on the Bitcoin network. This is where Bitcoin makes the difference with its transparent, permissionless system.

    By running your own node, you can verify for yourself what the truth of the network is. Bitcoin will become the truth. You can compare this to fiat currencies which are the truth of governments forcing you to blindly trust them .

    With your own node, you can also broadcast your own transactions to the Bitcoin network. A way to be truly sovereign and avoid a third party trying to prevent you from using the fruits of your labor as you wish.

    4. Use CoinJoin to protect your privacy

    Contrary to what many people think, the Bitcoin network is not completely anonymous. Bitcoin is a pseudonymous network. To learn more about this, I recommend reading an article that corresponds to four big questions about anonymity and privacy on the Bitcoin network .

    The good news is that there are solutions to improve your privacy with Bitcoin.

    For this, it is best to use software wallets such as Wasabi or Samourai. These wallets allow you to mix your BTC on CoinJoin. CoinJoin is a transaction to itself where your BTC is mixed with BTC from other countries. Blending is usually done with 50 to 100 other countries.

    This way, an outside observer cannot tell who is who after the transaction is validated. So no one can link your identity to any of the transaction output addresses. In fact, no one can know who is who in this type of CoinJoin transaction.

    You can even go a step further by participating in multiple CoinJoin transactions, enhancing participant anonymity.

    Currently, a minimum of 0.01 BTC is required to participate in a CoinJoin transaction with Wasabi. Each CoinJoin mixes only the same amount of BTC. If you have more to anonymize, you will automatically be queued for the next CoinJoin.

    For smaller quantities you can use Samourai.

    Both services charge a fee for the CoinJoin made. This remains low as it is around 0.003% per anonymization.

    On a technical level, Wasabi and Samourai run on the TOR network, which means you won't reveal your IP address during the process. This is something essential. Using a VPN to hide your IP address remains an excellent practice anyway when transacting in BTC.

    The Lightning network, which is a second layer above the Bitcoin network, could be used in the future for this purpose. It continues to develop slowly but surely.

    5. Pay with Lightning Network

    Bitcoin detractors continue to attack the network as unusable for everyday payments. Validation times and transaction fees are prohibitive. These opponents condemn Bitcoin on this basis.

    What they forget is that the Bitcoin community has already been working on a solution for several years.

    That solution is the Lightning Network protocol, which is still growing. 10,000 active nodes were passed earlier in 2021. and we are now over 13,000 nodes as I write this. The future of Bitcoin as a widespread means of payment in everyday life is in the Lightning Network.

    There are only advantages to paying through the Lightning Network, and it's the last thing you need to do to really take your money.

    Final thoughts

    In today's monetary and financial system, you will always have to follow arbitrary rules set by a few powerful people. Rules that will only make you poorer over time. Therefore, you should try to take back the power over your money to change your life for the better.

    This means choosing the Bitcoin system. By choosing Bitcoin, you can change your money future. After your first Bitcoin purchase, all you have to do is follow the steps I outlined above to fully access the liberating power of the Bitcoin revolution.

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