Topic: Could crypto replace government? - page 4. (Read 730 times)

Nah that’s not going to happen and you know that. Let’s say, imagine that there was anything that was going to replace the government, how possible is it to you that the government is going to sit and allow that after they have seen it? They are not going to allow it. I believe they are not fighting very hard against bitcoin or the cryptocurrency in general because they believe that it is not a threat to them at all.

So, I don’t see that happening at all. Though the one thing that has always bothered me is companies like Facebook, Google and the rest of them that are always using users information for their ads business. They really don’t care about their users since they are selling them to companies.

The answer to this is fairly obvious, crypto or no Blockchain can replace the government.

The system of government was established to maintain law and order and keep sanity in the society, the functions of government are numerous and of importance and it cannot be completely replaced by a smart contract.

Government is the foundation on which a country is governed and has been around for a very long time, it has faced so many challenges and issues, and it's way of governance/voting has been modified a lot to keep the system of society running. In my opinion, crypto has not stayed long enough for us to even consider it replacing the government.

If what is operating in Switzerland is pure democracy and it worked in reality, could it then be copied by any other country and expect the same result? If not, then I guess I should stick to my argument that pure democracy is an illusion. By the way, The perfect democracy does not exist – not even in Switzerland. However, I fully support moving the voting system to the blockchain. That makes the process a world better. But I also admit that it isn't enough to make elections fair and pure.

Probably not, because most people aren't able to take the decisions you mentioned. There are complex subjects governments face daily and there are specialized people to solve these subjects and keep the country working. If you put the common citizens to solve technical subjects through voting it is not going to work, because these people have no idea how things really work or should be done.
Also, a smart contract system like that would kill any secret intelligence service the country has, because everything would be public. Furthermore, a country like this would be really vulnerable to foreigner sabotage/influence. Extremist systems aren't a good idea and an extreme democracy is equally bad or even worse than a tyranny.

can bitcoin replace government? I don't think so, because if bitcoin takes over the role of the government, it's very difficult, because we know the role of the government in regulating its people, it's really very tiring, because without a government the country will surely be destroyed, and can't be controlled, if bitcoin replaces the government, surely it's very difficult, and there will be problems with the price of bitcoin..

You don't explain the McAfee statement you remember but crypto was not introduced to replace the government. It was introduce as an alternative and a true signal of democracy.

No. Though it works in some areas not all cause the government will never support an anonymous project and you shouldn't forget that there are some people which their intentions was to abuse the decentralized system.

Actually, this idea about replacing Government was exaggerating to hear and this really so annoying because only terrorist groups wanted no leaders to rule the country. Cryptocurrency is our comfort zone if financial freedom, we can't just take exceptions from control. We can't move if government currency will be removed from the circulations of economy. If we rely on cryptocurrency all alone, there's no regulation that put everything to harmony and there could be sudden collapse of economy which we don't want to happen.

You are too much thinking about what McAfee said. He just made a controversial statement to attract people's attention. I suspect he isn't serious when he was saying that statement. Every person who can think normally should be aware that the government is irreplaceable. There is no way to replace the function of the government in regulating the system, especially in the financial aspect. It is impossible for the government to adopt totally decentralized system on crypto. There should be a centralized part to ensure the security of the financial sector in a country.

Ah! No! Even to be a currency used by people, Crypto is struggling at that. It hasn't even done the best of itself, let alone to be something different. Just simply see Crypto as an Investment, Currency, or Store of Value. Outside this, it can't really operate. Spiderman doesn't have wings but he's still a super hero. Lol

I don't think so, government is about regulation while crypto is almost about no regulation, in short they two kind of contradict what they are all about...its like we have water and oil being mixed and we all know that the two don't really just don't mix.

But from the look of things for crypto to survive, it kind of needs the government to survive because it's kind of superior.

If there is a blockchain system that is open and non-anonymous and supported by the government because of the many benefits it is very possible. but now all average characistic crypto and blockchain are always against the will of the government. It must be admitted crypto from an people on economic expert point of view, there are still many pros and cons. it seems very difficult for that to happen.

Agreed. The current system needs to be simplified. Sending to obtuse strings of letters is hard for the average person to understand or use. It will get there. There are several cryptos already that can solve the TPS issue.

Good question. Purely replacing government would be difficult, but it could replace aspects of it. IRS would not need to exist. Much of the bureaucrats that maintain billing and support would not need to exist. "Nice to haves" would get voted on. But you will need people to defend the country and build the weapons. Providing for the common defense of a country is supposed to be the main purpose of government.

Popularity is still an element, but it is drastically diminished. You don't need a central figurehead - blockchain could be used to direct major decisions. Department leaders could be individually replaced if they are not doing their job. Their spending would be visible on the public blockchain, allowing citizens to directly reward commitments achieved and punish unfulfilled promises. It could happen faster than the current election system.

Privacy is tricky. Realize the flaw in what I was saying earlier. Perhaps government would be exposed by being on a public blockchain, whereas citizens could use a private blockchain. Effectively the reverse of what we have now. ...or a semi-private blockchain where only the identity of the user and total balance of the account are known - if a politician suddenly gets a $1B donation, questions get asked.

The problem with that, is if there is a private blockchain (like cash), how do you prevent bribery of individual leaders? Maybe it doesn't matter - government employees get replaced faster if they are not doing their job. It's impossible to prevent in any system. Something to think about.

Actually, Decentralized Autonomous organization tried but they failed badly, now DAO is nearly dead project.
No government has been able to accept cryptocurrency from the heart. All governments want to maintain their hegemony, they have always wanted to manage bitcoin transactions through a regulatory system. The governments that have accepted Bitcoin have been forced to accept it due to its rise and pressure from users. Bitcoin's rising price has improved because the government has accepted it, and if the government boycotts it, prices will fall. In fact, no economy can survive without the government.

Definitely. I think a DAO or multiple ones could take the place of the government, but not entirely. There would still be a need for specialised people in the governance. I mean we can't rely on the mass of population to decide who is going to run the agriculture sector for example or who will be in charge of healthcare. Yes, law voting and elections can be digitalised and maybe put on a blockchain, but we can't make it completely decentralized. For a complete feasibility, this requires much further analysis of the exact processes that happen in the governments and how exactly they can be improved using blockchain tech.

btw there also is the RSK network which is considered the "safest" one taking into account that it is a second layer of Bitcoin

Do you think government will allow it to happen? Of course NOT. Government has a strong foundation than a cryptocurrency which is not yet fully accepted by everybody and fully recognize or use in different platform as a payment method like in a fiat currency. It will not happen in reality that crypto will replace government, you just dreaming. A decentralized digital currency can't rule the world anonymously unlike in a government that there are people working for our economy and to negotiate with other countries for peace and order.

no it's impossible because even that words " people will remain anonymous" is enough words or reason why government will not allow such things to exist because for them it's like against the rules., yes there's a advantages of using crypto currency especially when it comes making transactions but for government there's a lot of violation that's why they're against in cryptocurrency. So its impossible to happen even in the future in my personal opinion.

can crypto replace the government,?? my answer is definitely no, because we know without a government this world will be destroyed, and will not survive without government supervision, if bitcoin takes over the government it will definitely not happen, because there will definitely be war, what is certain is that we will lose, and our crypto will weaken, so just undo your intention to replace the government, because that is not our way, what we want is bitcoin to remain the king of all coins, and become an asset for all of us, to make a profit bigger ones in the future..

Did you mean to say could Crypto replace voting or did you mean to say it could replace the government?  Either way the answer to both right now is no.  I think fist off voting is a "popularity contest" and using the blockchain for voting wouldn't change that.  After all a democracy counts it's votes from most vs least ( minus the United States and our stupid Electoral College).   Also I'm not sure how this would change privacy wise?  If a blockchain were used to count votes, it would need to be open ledger such as how bitcoins works vs a blockchain say like Monero.  I like the theories you've come up with here but sadly I think that is simply all they are.

We don't think so because these smart contract are not using in our daily life. Its very hard ti understand for every person specially un-educated person to use Etherium,polkadot eyc contract address for transaction.
These contracts cannot bear the burden of such a big Government transactions per second.

I am actually hoping it is in the near future but we have to be real, it is not.
I may not even see it before I die. It will take years or maybe decades before you could eliminate/change the traditional system.
The question of when will always pop out because there is a really little movement that we could see, close to none.
This pandemic could actually be a good first phase for a change but look "nada".
You could not change how a government works but it could be improved.