If encryption can replace the government. The government will take action. Governments of various countries may ban the use of Bitcoin in the country.
That's not how they work, any person with a common sense knows that bitcoin isn't an ideology or a form of government so if the government is worried about this then the votes for them to be seated is wasted. They may ban them on the grounds that it may threat their power. 
Topic: Could crypto replace government? - page 2. (Read 730 times)
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?
Definitely not, it is something that would never happen in the future. Maybe the popularity of cryptocurrency would be on a large scale and might bring up in the mainstream but it doesn't mean that it has the capabilities and power to replace a government. Moreover, they wouldn't want to use a decentralized type of system since it's out of their control.
I think this is hard to happen, it won't even happen. Yes indeed crypto is big and some altcoins have used the smart contact method, but this cannot be used as a reference for crypto to replace the government. Moreover, crypto is just a market that doesn't really live like humans. Government covers not only financial matters but includes many things that crypto cannot reach. All have their own advantages and disadvantages, both crypto and government.
I think this cannot happen. While smart contracts can enforce transactions or proof-of-confirm and bypass oversight and control departments. However, it is for the government that is the receiver and central manager of all categories related to a country. This is obviously contradictory and the government will never adopt it I guess.
If encryption can replace the government. The government will take action. Governments of various countries may ban the use of Bitcoin in the country.
I think that this will not happen in the near future, and they will develop in parallel. But in the near future, changes are inevitable.
Yes it is not possible in the future because crypto is not supported in many places it will never be possible for the government to remove crypto for its own benefit because no one can control crypto. It is not possible to change it but crypto is more profitable than government replacement currency. That was beyond thinking and futuristic but that won't happen. Governments will never allow this to happen, they might take some of the advance technologies and adopt it for the good.
But I just can't see that this is going to happen and a government will try to apply this with their system. Maybe for some small states and cities, they can do this but it's just too much to think of it.
The truth here is government wouldn't want to have anything doing with crypto talk more of using a system like this, the taught is nice and if it's been applied to our normal routine in an election surely there did be fair and corruption free elections, but no matter what the government won't even think of doing that even tho they see a light or great importance in it, and let's be realistic here the government itself loves corruption, say no more. But I just can't see that this is going to happen and a government will try to apply this with their system. Maybe for some small states and cities, they can do this but it's just too much to think of it.
bitcoin is indeed the best innovation today to overcome the shortcomings of the centralized system. but the purpose of the creation of bitcoin is not to replace, but to provide an alternative choice for people who like freedom and transparency, without complicated administrative requirements. Although effective, bitcoin also has drawbacks, so the use of government-regulated paper money cannot be replaced just like that.
why don't we expect the two to go hand in hand? why outperform each other when we can benefit from both?
why don't we expect the two to go hand in hand? why outperform each other when we can benefit from both?
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?
Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.
Right, but I think some people are overthinking what Bitcoin is and was supposed to be and do. Bitcoin is changing lives but as far as replacing fiat as I have seen some people speak about and replacing Government is still a long way off for me. On a global scale, the adoption of Bitcoin is still very little and until we have that global adoption and acceptance as Fiat is, it will still save as a speculative and Investment option. Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?
Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.
Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.
I don't find a chance that crypto can replace government
the government will definitely do various ways to dispel crypto to replace them
Bitcoin was not created to replace fiat or the government. bitcoin was created to make it easier for us to make transfers and also unite all the differences that exist in the world
many poor countries whose currency is not in demand and only bitcoin can save them. bitcoin is the unifier of the world
the government will definitely do various ways to dispel crypto to replace them
Bitcoin was not created to replace fiat or the government. bitcoin was created to make it easier for us to make transfers and also unite all the differences that exist in the world
many poor countries whose currency is not in demand and only bitcoin can save them. bitcoin is the unifier of the world
~
This is kind of similar when people back then discussed if Bitcoin will replace fiat or even gold. Kind of an absurd thread to discuss at back in the days, because Bitcoin is not regulated by anybody and government is all by means of regulation/s taking only the word itself. From the looks of it, it will only exist along with fiat and government would still be there because otherwise there would be anarchy.
Of course not, that's why it is called government it needs to govern. People voted other people to govern their society if the crypto replace the government then there's no one to lead us or govern us and of course it would lead to chaos, so people should stop thinking that crypto could replace the government or fiat since it would be impossible.
Exactly, and it's not like crypto is the panacea for the problems that will be left behind when the government is removed or deposed. Plus, there are limitations to what bitcoin can do when it comes to solving social and political issues, can it defeat the corruption? No. Can bitcoin solve the rampant violence against women and children? No. Coincidentally, the government can probably solve those. 
Of course not, that's why it is called government it needs to govern. People voted other people to govern their society if the crypto replace the government then there's no one to lead us or govern us and of course it would lead to chaos, so people should stop thinking that crypto could replace the government or fiat since it would be impossible.
It became a little advanced thinking. A vast adoption of Bitcoin may happen but, it has to be with the help of the government. If a country's government wants to ban Bitcoin, it can do so without any accountability. No government is dependent on Bitcoin, on the other hand, Bitcoin is dependent on Govt. for its adoption. moreover, Bitcoin was never made to replace the government.
upside down statement I think, the government is the ultimate control holder in a country, and crypto can't replace it. we can see at this point where crypto is banned as a means of payment, and no one dares to use it or is going to deal with the law. but we are still grateful that we can still make money from crypto, and that is also what the government allows
We know at this time Bitcoin is still being opposed by most governments from all over the country, due to certain concerns that it has taken into consideration. Crypto's role would never replace the government, the role of government is of course very more important, for all systems in it there are also many things related to it for the sake of advancing the country. And here crypto will only be a complement to the citizens of the countries, even though some still oppose it and judge it as something like a threat.
Governments have many and many useful functions that no program can replace. If you transfer control of such functions to an artificial Internet, then machines will control people and this is very dangerous. It is better not to do such experiments.
Therefore, cryptocurrency is not able to replace governments, it cannot quickly solve various current problems of state structure and management, which the government solves every day.
Therefore, cryptocurrency is not able to replace governments, it cannot quickly solve various current problems of state structure and management, which the government solves every day.
I don't think crypto can replace government because crypto is decentralized and many countries don't support it. Although blockchain technology has made it easier to transact fiat is more used in everyday life the government wants to control everything according to its own will the use of cryptocurrencies is limited to the online world and its use in the external world is much less. The argument for replacing the conventional fiat currency with cryptocurrency does not stand up to scrutiny whether the central bank will approve cryptocurrency as a medium of exchange is still unclear.
To change the government will never be possible.. But I think your thinking is going too far and will not happen for now, but if implementing a blockchain system that can happen now it is possible to adapt it in financial security and that should also be in trials. There is still an introduction to using blockchain, so that the world community understands the system that is running.
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