Our world is designed in such a way that humanity needs controlling structures. Otherwise, our world will end in chaos. So the real role of states is hard to overestimate.
As for the financial and monetary relations, the situation here is a bit different. The blockchain technology has shown the world its convenience and security (and not only in the financial sector). But banks are an established structure and they will not give up the control and influence in favor of crypto currencies. They will eventually be forced to adapt to reality and simply accept cryptocurrency.
Topic: Does it even matter if governments and banks accept cryptocurrency? - page 4. (Read 2284 times)
November 20, 2018, 01:12:18 PM
November 20, 2018, 12:59:52 PM
that's very important. Digital currencies such as bitcoin and altcoin really need support and cooperation from the government and local banks. so that bitcoin and altcoin can be accepted in all circles. and crypto currencies cannot be used to transact freely if the government does not legalize it. so it is very important the role of the government and local banks for the future and development of crypto.
No it is not important, besides even if you thought that it was important to get the support of governments and banks, the question is how are you going to get it? It is obvious that cryptocurrencies go against the interests of those institutions, how are you going to make them to go against their own interests? To me that seems like an impossible battle to win. November 14, 2018, 08:22:34 AM
It is important to have global acceptance. Governments and banks are the institutions that society depends on. Trust is the foundation of any currency, do not you think?
November 14, 2018, 08:19:55 AM
Fortunately, most governments and banks are now adopting and legalizing the use of passwords but the passwords are still volatile and will continue to decline. Therefore, the whole is still up to us. cryptographic market.
November 14, 2018, 02:00:12 AM
that's very important. Digital currencies such as bitcoin and altcoin really need support and cooperation from the government and local banks. so that bitcoin and altcoin can be accepted in all circles. and crypto currencies cannot be used to transact freely if the government does not legalize it. so it is very important the role of the government and local banks for the future and development of crypto.
November 14, 2018, 01:48:25 AM
Do that, that because that that that all that know the information of the banks that are accept it, they will try to take it with it and will be many volume in the password is not.
November 14, 2018, 01:46:55 AM
For the time being, I think the fact that governments and banks don't accept cryptocurrency is part of the reason there is somewhat limited exchange of cryptocurrency in 2018. It's limited and only available through certain channels because right now the banks and governments still set the standard for how most people will choose to handle their money. If that changes in the future, I still believe that it will matter because it will set a new standard, an opposite standard for the way cryptocurrency is viewed, which could be for the better or worse.
November 13, 2018, 07:40:10 PM
It is a huge matter for the governments but not with the banks in my opinion. Crypto are here to disrupt the banking system so we don't really care if they accept it or not because they are going to suffer a lot with the digital currencies. But we really need to have the support of the government because it will boost the trust of the people on crypto and also to push the price upward.
No its about them but its about us ( crypto users ) . it does matter for us if what is their decision because that will have an impact to the prices of cryptos .
Thankfully most governments and banks right now are already accepted and legalizing the use of cryptos but cryptos are still volatile and wouldnt be stop from declining .
So overall its still up to us if what will our strategy to overcome this bad moments that are currently happening to crypto markets .
November 13, 2018, 07:29:28 PM
It is a huge matter for the governments but not with the banks in my opinion. Crypto are here to disrupt the banking system so we don't really care if they accept it or not because they are going to suffer a lot with the digital currencies. But we really need to have the support of the government because it will boost the trust of the people on crypto and also to push the price upward.
November 13, 2018, 07:05:04 PM
Yes, it is important to have universal acceptance. Governments and banks are institutions that society depends on. Trust is the foundation of any currency, don’t you think? With acceptance from the government and banks, people will be more confident in using digital currencies.
November 08, 2018, 06:26:01 PM
I think Cryptocurrency stands alone with the nature of prices that change constantly over time, so if the government adopts I think it will be difficult to handle very fast price movements, so if the government and banks accept Bitcoin I think it is better for the government to regulate everything in need by Cryptocurrency.
November 08, 2018, 06:19:27 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
For me is good combination government banks and cryptocurrency including the improvement of blockchain is great, helping each other to improve the relationship of the three involve parties is the way of success, to secured the interest of the people investing in cryptocurrency.
For me it does matters most, it would be best that government and banks will also accept bitcoin. If this will happen everybody will be able to enjoy the advantages of having it.
November 08, 2018, 06:13:41 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
For me is good combination government banks and cryptocurrency including the improvement of blockchain is great, helping each other to improve the relationship of the three involve parties is the way of success, to secured the interest of the people investing in cryptocurrency.
November 08, 2018, 06:00:05 PM
I agree. If the blockchain can provide good security, the need for banks will disappear. But for this to happen, there must be very drastic changes, which we are not yet ready for. I think that the blockchain will take a very important place in our future, but it is not known how far it can go.
November 08, 2018, 05:29:24 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
Even if I will not care about such a development, most people will care especially those that do not really know why governments and banks have the monopoly of printing money in the first place, as you say they got that monopoly to bring confidence to the people and security that their coins had value, but now that a new way has been created to do exactly the same thing and it can be done with greater reliability then we do not need their control anymore. I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
November 08, 2018, 04:26:02 PM
I can't imagine how they can overcome extreme fluctuations in crypto currencies. there will be many complaints from users who are still unfamiliar with this, but only come in the case as a currency, if it is only arranged as a commodity such as gold, the bank can still create a congruent system.
November 08, 2018, 03:37:06 PM
Indeed, the existence of cryptocurrency should be supported by the government and the bank, so that it can provide security and comfort to every cryptocurrency user, besides that with the support of the government and banks, cryptocurrency will be able to develop faster and become better in the future. Let us imagine if all governments in one country forbid the use of cryptocurrency and severe legal sanctions on every cryptocurrency user, it would have a negative impact on the development of cryptocurrency. For that, for me, it should be able to create good cooperation between the government and the bank and also the cryptocurrency, for a better future, so that shared expectations can be realized to improve the economy and realize prosperity for every citizen.
November 08, 2018, 03:26:37 PM
Since we live in a world where state power plays the most important role, then of course, its official permission for the development of cryptocurrency is necessary for bitcoin. Therefore, I hope that countries will accept it as soon as possible.
November 08, 2018, 03:17:25 PM
Bitcoin, cryptocurrency-all this is created to simplify and improve the security of the modern financial system. It can replace the familiar to us banks. Therefore, I hope that it will be adopted as soon as possible and will be fully developed.
November 08, 2018, 03:02:20 PM
Yes it does. Just as you mentioned, security is vital in finance and people will have full confidence in an institution that there's security of investment but right now cryptocurrency lacks such.
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