Topic: We do not need government and bank any more (Read 2126 times)
The crypto money world is a virtual environment. There is a need for banks to assess and spend these money. There is always a need for governments in this world if you want to maintain order.
It's foolish to say that we do not need a government. Who will organize and coordinate? Where will you go when you are robbed? Here blockchain will not help you. Many things that are provided by the goverment are very important, the police, emergency services, health care, etc.
Yes, I agree with you, because the third party we have lost a lot of self-interest, because we will have more rules because of the existence of third parties. In my opinion, I want to be my own. We don't need the protection of the government and the bank.
One thing you should know is that; government have not yet started to see blockchain as a threat, the moment they do; they would surely find a way to curb it; or control it; they have being doing that for ages; nothing is bigger than the governments.
The fact that crypto is booming and blockchain is taking over doesnt mean that we no longer need a controlling institutions. The Bank and government is the economic center of the country, this is a basic foundation of the economy of a country and cannot be replaced
Blockchain technology cannot replace governments and Banks at present, but I think there will be a future discussion. Intermediaries will no longer exist. There will be fewer institutions like Banks.
Bank is giant financial institution in all country , but they can not offer service to all people in the world like poor people who does not have ID and unbanked
If it seems to me, we will still need the banks. Moreover, for the moment, because it is not yet clear crypto as well. Indeed it is easy, it's safe, but a fixed crypto that we cannot predict. Moreover, crypto is also an awful lot of getting opposition from some countries.
I don't agree as we do still need governments and banks to avoid chaos due to volatility in the crypto world. Besides , till your grocery store begins to accept digital currency , you still need banks as crypto does not have as much mass adoption as it would need to be a major force in the economy just like FIAT. Still a long way to go before that .
Obviously, it is impossible and unrealistic to live without government and some authorities, it will take us down to chaos. But it is true that crypto need more freedom and I am sure in recent year it will progress and make a new break-though.
Government and Banks are required for the stability of the country. Without adequate supervision and control, there will be chaos in the daily routine of the people. Centralization and Decentralization go hand in hand would be a better scenario.
No, this isn't right. For what reason don't we require government? Numerous individuals can't take their own particular choices, lamentably - for them, it is smarter to take after guidelines and directions. Banks should likewise exist, despite the fact that blockchain began the new time.
If the government and the bank accept payment, it is great. Bitcoin will have such protection laws that will minimize fraud. The bank accepts bitcoin payment, bitcoin transactions will be advantageous. Bitcoin is more invested.
Well you're totally correct
I 100% agree with you
But you have to understand that they (banks and government) will come into a cryptoarea too and vary soon with their own rules
At first the price of crypto will rise, but than the structures of these guys (banks and government) will "stabilize" (kill) all ways of getting easy money and whole situation with crypto-rise
Unfortunately, but nowadays situation show us that it'll come soon
Winter is coming)
I 100% agree with you
But you have to understand that they (banks and government) will come into a cryptoarea too and vary soon with their own rules
At first the price of crypto will rise, but than the structures of these guys (banks and government) will "stabilize" (kill) all ways of getting easy money and whole situation with crypto-rise
Unfortunately, but nowadays situation show us that it'll come soon
Winter is coming)
We still need banks since I can't use cryptocurrency to pay for goods or services where I am from.
this is an issue of centralization and decentralization. I don't know that banks will enable this to happen. Regardless of whether the administration acknowledges crypto, banks will in any case exist Sure that we can't anticipate what's to come. Perhaps in numerous years. banks won't be there
I think it can be possible but not today maybe in the near future now that blockchain technology is so in-demand and getting so popular as the time goes by, it can definitely possible and there is a huge tendency that cryptocurrencies can stand on its own.
Blockchain never need banks or government to spread it work rather they need blockchain to enhance their works and I believe soon they will adopt blockchain technology in all banks and in government dealings too.
I would be glad to say that I like it and I'm only for it, but the reality is that even for the crypto-currencies themselves (initially decentralized), they want to make a Bank and at the moment there are already several projects.
Crypto currency can give us freedom if it is implemented in people's lives. But governments can easily prohibit such an implementation. That is why government agencies and the crypto currency should find a common consensus in order to develop together.
Of course, the states will make attempts to regulate the sphere of crypto currencies, but the technologies move much faster than laws are adopted.
I am certainly concur that it is another time of decentralization. Be that as it may, doubtlessly without government a state is inconceivable. To secure a state economy government assumes a crucial part. Offering benefit to government isn't pointless yet offering benefit to bank is useless.Only government can secure and guarantee wellbeing of a state national.
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