Topic: Could crypto replace government? - page 5. (Read 730 times)

can krypto replace the government, my answer is definitely no, because we know the task in government is very heavy and very high risk, if the government is wrong in making decisions, of course the government will get very harsh criticism, from their people, i am sure that krypto replacing the role of the government, it is certain that crypto cannot control all the criticism that comes, because the effect is that crypto prices will fall, and people start to lose faith in crypto.

You make a lot of interesting points. I threw this idea out there to crowdsource others' ideas as well (decentralized!). FWIW, historically pure democracies have always failed in the end.

Someone would manage institutions. Here is a general idea on how it could possibly work in a decentralized way:
The structure would be set forth in something of a Constitution when the initial cryptocurrency was created. Parts of it would probably need to be immutable (unchangeable).
The leaders of institutions like defense would be voted on through the blockchain.
Salaries would be paid for through smart contracts.

As for abolishing taxes, mob rule is a consideration.
"Taxes" would be established by a fee for using the cryptocurrency.
The "budget" would be established by setting percentages for different resources. i.e. defense would be 50% of the total fee, safety would be 25%.
If people wanted to change those allocations, they would have to take from one of the other resources.

The problem with many current systems of government are that the mob encourages politicians to keep adding services and government responds by raising taxes (%) or printing more money and devaluing the currency.
Instead of cutting one resource to add to another, everything is obfuscated and the overall budget becomes 200% more than the taxes that are collected.
This leads to the eventual downfall of that government.

With a budget that is published on the blockchain and the overall fee is immutable, people would see the impact of taking money away from one resource to add it to another.
If roads start to deteriorate, funds could be taken from defense. If medicine needs an increase, funds could be temporarily shifted as well.
The budget could never go over 100%.
Government expenditures would be transparent on a public blockchain. No more $1 million for a hammer, $10,000 for a screw. No more bribes.

Best(?) of all, it could all happen instantaneously, instead of waiting for years to elect new officials while things deteriorate under elected governments.

This form of governance would work best on smaller countries. Having different rules or different side chains for different countries would likely make sense.

Encryption may be able to change the governance system of some countries (or even the world), but I don't think it can be said to replace the government.It is possible to change the government structure.

McAfee is a sad dead speculative guy who said many weird things and in the end did more harm than good to Bitcoin. He was also pretty crazy, so no wonder that some thought of his led to op's unrealistic fantasy of crypto replacing government. People could vote in a decentralized way, and the voting could be based on Blockchain. Even at this point, it would be Blockchain doing the replacement, not cryptos. But then someone has to decide what to put on vote, someone has to manage institutions and ensure communications with other countries, someone has to write the laws to vote on etc. I don't think there's a way to make all of it work in a decentralized way. Also, the majority is very ignorant on many questions, and it would vote toward a catastrophy. If a question of abolishing taxes was voted on, the majority would surely support the decision. And then there would be no money to fix the roads, subsidize medicine and public transport etc.

Thet's totally possible to see more people are getting into crypto after hating their government and of course, the governments are going to fight it but in my own idea nothing can replace the other thing, and even after years when more people start to work on cryptocurrencies, nothing will be replaced the other thing and I think when the government sees the attention to crypto they will be forced to show the white flag and accept crypto instead of fighting against it, It's all depends on people.

We don't understand that government is all like control. The government make the society orderly as it is now despite that there are problems and issues of human relations and we can compare that to when if there were no government? The situation is far better with people at the corridors of human affairs, to lead, guide and control the activities of human.

That said, we can't have cryptocurrency taking over government because that will lead to uncontrollable confusion. People won't have any fear to kill the next person because no body to send them to jail 

I think the government and Cryptocurrency can exist together as we see it going at the moment despite government making plans of control but we don't totally see such happening.

for everyone using crypto, I think the main step is the legalization of the government. if the government legalizes it let alone changes to using crypto currency, of course people will obey it, because of the change in the payment system. and I think it's only a matter of time until now, because there are countries that have legalized it

Government systems and cryptocurrencies are different, government systems need personal control over everything, while cryptocurrencies are digital currencies. 
Inever thought that would happen, but if everyone owns Cryptocurrencies then the possibility that happens is that the change of currency from manual payment systems or Fiat will be replaced Online by Cryptocurrencies.

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.

Those cryptocurrencies cannot scale to the point to support an entire economy. They weren't able to handle the load of CryptoKitties a few years ago, what makes you think they can do more than that?
Most governments don't want a pure democracy. You are given an illusion of democracy, but that designation reaches only as far as the interests of your government. Try to go above that and you will experience the same democracy that many whistleblowers experienced.

All those suggestions made in the OP will never be decided by the people. You can protest against war, but war will still happen. You can complain against the banking elite, but they will keep pulling all of the strings and most people will just nod their heads and go along with it.

If you want privacy, your government is the wrong party to turn to. You have to find ways to keep it yourself because they surely aren't interested in you staying under the radar.

To answer your question, no, such a system wouldn't work.   

It is more like it just helps the people to have financial freedom and have something to fight inflation and poverty.

Support from a certain project is what most of the companies lack of, they are just abandoning the process when they see nothing more out of it just like what the DAO did.

Sometimes, application in the real world set up is what most of the people are looking for in a certain project in a platform and it is hard to focus on that when it comes to cryptocurrency.

Everyone has said no, but have you looked at crypto-collaterized stable coins like DAI? In >6 months, it has maintained almost a perfect peg 1:1 to the US dollar - solely by the actions of decentralized persons. That is better than centralized coins like USDC and nearly as good as Tether.

Switzerland operates as a pure democracy. They are the 6th richest country in the world, per capita. It is a reality. Why not move that voting system to the blockchain? Why can the blockchain not be the "leader?" Most cryptos have a consensus voting mechanism. Why do people feel they need a figurehead?

If people don't believe in smart contracts, then how are smart contracts expected to replace simple things like real estate contracts, health records, etc?

Fascinating! I did not know Estonia had moved voting to the blockchain. That's not all... Brilliant!

That's a fair point. I was thinking more in broader terms, such as the blockchain being used for establishing rights, voting, allocating funds and providing a currency. Individually appointing positions for defense, etc. would not be practical for the entire population to do. You can't replace people with technology there (at least not yet).

Unfortunately, cryptocurrency and the blockchain technology are still new technologies that man has not been tested and applied to many aspects of our society. We are even in some sort of introduction phase in the financial technology sectors and we have not yet felt the full potential of the blockchain technology. It is a good idea to use blockchain for elections for that would prevent manipulation and cheating from others. But first, there should be a government willing to do that experiment and is willing to support such technology and the applications to make it work.

No, this is impossible to happen. Pure democracy is even an illusion. It is an idea, a good idea, but is simply an idea. In the human scheme of things, you cannot expect that the ideal is possible to happen. Human beings are not ideal creatures. You cannot expect purity from human politics.

We may mean good about this but we should cease expecting too much from cryptocurrency, blockchain, smart contracts, etc. They are not as powerful as we imagine. They cannot create paradise on earth.

can bitcoin replace crypto? for now even for the future it can be said, bitcoin can never replace the government, because even the government will absolutely not accept such an ideology, we should not make parables too high, and do not expect too high,,

in the long term maybe a technology akin to bitcoin,but short term,no,no chance,those who are in power are afraid of btc and will try to destroy it at all cost (with no success of course).

Maybe a perfect voting system can be developed through the blockchain. The government can't be run by the platform. Then whats the difference between a smart contract and human beings. Already few countries have begun to use the blockchain technology for the voting purpose. Estonia is one among the country that has developed it. Maybe similar kind of development happen around the globe in the future. E-governance is possible through the smart contract, but not the government.

But without government intervention, there might be total chaos in one country?

Yes, we have crypto and those smart contracts, but I do doubt that it can truly replace a working and able government. We can used and take advantage of smart contracts though, even the government can do that. So why not we have the best of both worlds in our hand? We don't need to sacrifice any of them.

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.

I think that would be too much for our speculation about crypto. Indeed it is a coin that could adopt to many changes yet it still has limitations on what it can only do for you in your life. The government functions mainly to maintain peace and order for everyone in the country and to exhibit fairness as well as solutions that is much needed by the country. Crypto's function is so far away from ruling people, you cannot expect them to simply smile and get excited upon ruling a nation. It may innovate more in the future yet I don't think it can ever change its current function.