Personally I am a crypto enthusiast and I'd lik to see blockchain adoption in some of human activities, I don't think that you can completely replace governments and banks. the bank hust wants to win on its own.
Topic: We do not need government and bank any more - page 20. (Read 2126 times)
we still need banks, if there is no banks then where do we get money when we cash out our funds in cryptocurrencies? Always put it in mind that crypto is still using banks and pawnshop outlets in order to have money.
Whatever good technology people have invented, however, we can not do without the state and the government, and the state and the government can not do without banks. If you do not need banks, it does not mean that they are already not needed by anyone. Therefore, whatever we write here, and governments and banks as part of the state in the foreseeable future will continue to exist for the time being. Even not all citizens can do without banks, and the government without banks will not be able to solve any issue of the economic and financial plan. The Crypto currency has just begun to develop and it is still difficult to say how and in what form it will continue to exist. Perhaps it will be a combination of crypto currency, physical money in the form of banknotes, or something else. So do not make such hasty conclusions. Crypto-currency banks will still be mutually beneficial to cooperate with each other.
This is not right although we have the crypto world ahead, but we still need the banks. Banks may be beneficial when there is crisis in the crypto market enabling you tge safe money in your pocket. Free from market ups and down.
So both plays crucial rules in tge modern world.
So both plays crucial rules in tge modern world.
Need some government, but only in the sense that they Facilitate infrastructure and safety to it's citizens within their own borders. Too many governments are exceeding their mandate on behalf of the few and have breached the social contract entrusted to them by their citizens. The banking system, as it is today, is another tool for the few and I sincerely mean that we need a decentralised system of payment that's not controlled by anyone.
I think this is a risky idea. People are simply not ready for this. Although now comes the age of AQUARIUS. In which banks and governments may really not be needed
You have some valid points there however there are also some disadvantages of using blockchain technology and deleting the usage of bank and government services entirely. Identification cards are necessary for determining clean records. If we use blockchain at all aspects, who are we to determine whether we are dealing with criminals? Blockchain supports pseudonimity. We can't track people who tricked us.
Unfortunately, while we can not completely abandon the cash we are accustomed to, because the crypto currency can not be used in all spheres of life necessary for us, it's just inconvenient!
control is needed because the market is not regulated, it is impossible to track, the teams are not experienced, they undertake obligations, but in fact the rats, and the regulator can give at least some control!
Well, i think no matter how advanced cryptocurrency might be or how much people might be using this promising technology known as cryptocurrency or blockchain, we will still need government and banks. We need government not because of bad regulations, but for the regulations that will help to foster more development of crypto. The impact of banks for out Fiat cannot be underestimated.
in my opinion, this is a very controversial statement. the Bank and various financial institutions are now just beginning to deal with cryptocurrency. Yes, really like this system. but no one knows what will happen in a few years, perhaps the banks will stop doing it.
I think some banks embrace the blockchain technology, as they want to ride on with the trend. There’s Unionbank in the Philippines where they make their first move to integrate with blockchain. As for most banks and the government, they do not understand the technology behind the disruptive blockchain while others do. It is true that due to being decentralized, the banks and government have no control over it.
Yes, the existence of Bitcoin has brought us a lot of convenience. I hope that the industry can develop better and better. Maybe in the future it will replace the bank as a new universal currency, then banks will lose it. effect.
You are right mate, but Governments are not just afraid because of its decentralized nature, it also has demerits, its lack of regulation and control seem to make it usable by hoodlums, terrorists, scammers, etc. I believe those are one of the reasons Governments are fighting against it.
maybe we do not need them, but we live where there is, and the government and banks and this will not go away.
In my opinion, with the unstable state and fluctuating value of the crypto we cannot eliminate the bank because first and foremost there is no assurance in the cryptocurrency. Secondly government is one of the building blocks of the society without the government there will be no uniformity.
Yes, I think the same way as you think why many countries prohibit Bitcoin because the governments of these countries cannot benefit from the Bitcoin industry. This is the reason why they prohibit Bitcoin.
I think we cannot eliminate the government and the banks right now because cryptocurrencies are not yet used in all countries and besides that, crypto is not the same as the government. the crypto is like a system online which covering all transaction but it could run without anyone can control but for now, the crypto cannot use in our daily need so we still need the government and the banks to control our daily life regarding in the economy of each people in all countries.
Despite the fact that cryptocurrencies have given us a way to store and keep our own money by ourselves that does not mean that governments and banks have become useless, who will keep and enforce the law? Will your cyptocurrencies keep you save from burglars and robbers and such? We do need governments
I don't think so. If we don't need government and bank when we lose our crypto balance where we will complain we din't know. We still need government to make a rule about cryptocurrency.
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