Topic: Could crypto replace government? (Read 725 times)
it would be impossible if bitcoin replaced the government. bitcoin is only limited to use in the crypto world and currently bitcoin for application in the real world is still very small and simple. I think if you want to change the system of government, you must really have members and good management for the management of the country. however, for bitcoin it does not meet any conditions
The fact is that the economy wouldn't survive without the supervision of the government. No currency could replace or take over the government because the government has a huge role in organizing and solving each country's problems which any currency couldn't do. The cryptocurrency couldn't work well either without the government.
Exactly, I can't even think of any reason for us to replace the government as we needed it too in order to make the crypto legal/ specially in other countries where it is ban/. What they need to focus now is to develop it furthermore for the future and maybe after stabilizing it we can use it as the daily currency and through the help of government they can easily let the people use it by just issuing a tax on it. The two concept need to co exist.
i think that crypto will not replace the government, because crypto is not capable of domestic or international issues. there are many things that the government do that crypto will not able to do, like implementing laws to govern the people within the country or settling international or domestic disputes. the government is made for a reason and replacing it will not be easily done especially by replacing it with cryptocurrency.
i think it wouldnt happen government is very important to our country
I don't think that any cryptocurrencies existing or to be released can replace government. You can't do all the work with smart contracts. At some point, you will need the government to handle the rest of the work. Digital currencies cannot replace governments but they can and will replace fiat currencies in the future.
Cryptocurrency cannot replace the government, first of all you should ask yourself what is cryptocurrency? crypto is just a thing,while the government is the people. And we delete cryptocurrency is built, it is decentralized. so if we are to assume that cryptocurrency is going to replace the government, then we are saying that there is not going to be any government, since things are going to be now decentralized. And remember a place where there is no rules that means people will be forced to misbehave.
Rules are needed to guide us in whatever we are doing and in a situation where there are no rules to guide us as human beings we tend to misbehave and do what’s not right. Although I do understand that the government themselves also do the wrong things at times, but we ourselves are the ones who voted them into power, so I believe if we are able to vote the right people into power and also stand for a right then things are going to be OK.
Rules are needed to guide us in whatever we are doing and in a situation where there are no rules to guide us as human beings we tend to misbehave and do what’s not right. Although I do understand that the government themselves also do the wrong things at times, but we ourselves are the ones who voted them into power, so I believe if we are able to vote the right people into power and also stand for a right then things are going to be OK.
I don't think that's possible. Crypto is a digital currency that everything in the world cannot be controlled by it, so it is impossible for crypto to replace the government. Crypto excels to be used as an investment, especially with one of the coins that has a large value, namely Bitcoin and several altcoins. So stop thinking crypto will change the place of government because this can be said to be almost impossible.
Government is the administration of territory, nothing to do with Bitcoin. Bitcoin is an asset or a digital currency whatever you want to think about it. Not really sure if the OP thought this very well, but I still thank him for bringing it up. The only thing humans can create and can have the capability to govern is through the technology of A.I. Now combining crypto and A.I. is a different thing altogether. You give more value to those technologies and possibly combining these two can give their human masters power. Now crypto cannot replace government, but it can be facilitated so that a regime change can happen.
Because of the fact that bitcoin is decentralized and no one will change on it and we are free to use bitcoin whatever we want. It is free from manipulation by the governments that are why government always has hate on this crypto because they know it is hard to put a tax on cryptocurrency. Government and crypto are totally different, the government cannot change crypto but crypto will definitely change the government's progress status. I don't think if there is a chance that crypto will replace by the government.
As long as governments do not ban the use of bitcoin and cryptocurrencies.
We have the freedom to choose, the ideal is that our countries are crypto-friendly for us to move forward.
It is also important that businesses of all kinds also enter the game because we know we all benefit.
We already know what is happening in El Salvador, with bitcoin as legal tender all remittances now they will become bitcoin. In 2020 El Salvador received 6 billion dollars, the nation seeks to boost its economy with bitcoin.
https://www.cnbc.com/amp/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html?__twitter_impression=true
We have the freedom to choose, the ideal is that our countries are crypto-friendly for us to move forward.
It is also important that businesses of all kinds also enter the game because we know we all benefit.
We already know what is happening in El Salvador, with bitcoin as legal tender all remittances now they will become bitcoin. In 2020 El Salvador received 6 billion dollars, the nation seeks to boost its economy with bitcoin.
https://www.cnbc.com/amp/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html?__twitter_impression=true
Government is the administration of territory, nothing to do with Bitcoin. Bitcoin is an asset or a digital currency whatever you want to think about it. Not really sure if the OP thought this very well, but I still thank him for bringing it up. The only thing humans can create and can have the capability to govern is through the technology of A.I. Now combining crypto and A.I. is a different thing altogether. You give more value to those technologies and possibly combining these two can give their human masters power. Now crypto cannot replace government, but it can be facilitated so that a regime change can happen.
Crypto is strictly an economic system with a hands off approach, you can't conflate the economic system and governmental system of a country. Capitalism is a tenet of democracy, so unless you are looking for anarchism, you still need centralized government. There still remains responsibility of government outside of the economy.
That's going to be hard to happen. Because they hold power, even if we have a lot of say to make it. They will use their power to be irreplaceable with cryptocurrencies. But, it is better if cryptocurrencies can be accepted by the government rather than replaced.
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?
Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)
If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.
Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)
Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.
Privacy would again be valued.
Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto.
Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.
Could such a system of government work?
Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)
If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.
Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)
Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.
Privacy would again be valued.
Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto.
Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.
Could such a system of government work?
The fact that a single group of psychos dont controll all the finance in the world. Is an achievement.That said, not all parts of our lives can be controled by machines.
I don't think that smart contracts would be enough for doing all the things in the world. And I don't even think that cryptocurrencies would be able to replace fiat currencies in the future, I mean the volatile cryptocurrencies of course. Governments don't even lean towards them as it is very risky considering the economy a country. For example, Bitcoin is not only volatile but also has a limited supply. This means that all of the Bitcoins in circulation cannot be enough for all people in such situation.
Could such a system of government work?
I don't think that's possible. It should be noted that a country and its government have areas called traditional which can only be accessed manually. because it's traditional, they don't need a smart contract.
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?
Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)
If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.
Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)
Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.
Privacy would again be valued.
Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto.
Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.
Could such a system of government work?
Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)
If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.
Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)
Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.
Privacy would again be valued.
Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto.
Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.
Could such a system of government work?
In an ideal world, maybe this could work, but people will never allow it to happen. People both hate and need politicians to take difficult decisions, because they simply want to get on with their lives without having to ponder the difficult questions all day long. That is why politicians are paid - it is their job to answer such questions, whether they do it correctly is a different matter. Now you could have voting for elections on the blockchain but it needs to be verifiable by officials because it will likely be targeted by third party actors/states who want to damage their enemies in such a way. It also doesn't solve the information problem, where all voters need to be fully informed before making huge decisions.
It definitely won't happen. No matter how good bitcoin is, once it harms the government they will find ways to suppress it. It's best not to happen. To replace the government, cryptocurrencies need more than just smart contracts. Although the government has problems that make us unhappy, we should not seek to eliminate them altogether.
the reason the government doesn't accept bitcoin, maybe the government can't control bitcoin, because more and more people are using bitcoin, of course the government can't control the people who play in crypto, because bitcoin shouldn't be controlled by third parties, even the government can't control it. bitcoins..
in my opinion it is very unlikely that bitcoin replaces the government, bitcoin is indeed good and can make our economy better, and now there are many companies that accept bitcoin, and there are countries that have legalized bitcoin, but if bitcoin replaces the government I'm sure it will never be possible ,, because the government's responsibility is not easy.
I think society depends on the government, even if citizens don't agree with the government. The world would be absolute anarchy in my opinion.
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