We do not need government and bank any more - page 29.

maydna

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Quote from: Carina.P on April 10, 2018, 10:44:54 PM

No need for government is impossible, no need for banks. Virtual currency can become a supplement to legal money, because it brings convenient transactions and non controllability.

but right now, we still need government and bank for every country because we are not united in one country and still, there are a different from one country to another country. but if the cryptocurrency can be accepted by all country and they all agree to use cryptocurrency as one new currency and it's available in all country, then maybe the bank will reduce the popularity because people don't need to go the bank to get the money or to deposit the money.

Ozero

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Such statements that we can do without governments and banks are simply ridiculous. Do you think that with the advent of the crypto currency, the form of the social structure of mankind will change completely, which has been formed for thousands of years? Have you ever heard people live on their own, without any adjustment? Then the strong will rob and kill the weak according to the right of the strong. Who will interfere with it? In order that this does not exist and there is all this containment system: the government, the army, the police and so on. And this can not exist without banks, otherwise we will return to the system of barter settlements. In general, do not philosophize. You can not think of anything new.

Firbolko

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I fully agree with the statement. that is why many countries impose restrictions and prohibitions

buggy

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We need a government to govern people and in running a certain country in order and peacefully. I think if there's no government world will be chaotic because people do have different views in life. We need a government to impose rules and regulations and to protect the citizen of a certain country, a government to solve problems of the state and the government to rule everything for the good of the people. As for me we also need banks for the safekeeping of our money and for the regulations of the funds and resources of the government and of the people.

mega

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It is true cryptoworld can survive without government and banks but there will need of government to grow successfully in state or globally.Without government Frauds and scams will increase and crypto will not properly contribute for the economy and betterment of the country without government.

dalesotpi

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Quote from: marvtridon on April 10, 2018, 03:47:31 PM

how sweet and easy it is to say we do not need banks any more. the trust is that the cryptoworld is not yet matured to do away without banks. Banks offer what money qualities hold. preservation of value. though fiat fluctuates in value, but that cannot be compared to cryptocurrencies. We are still away from being independent on centralized financial institutions.

yes, it is too sweeping to say that we do not need government and banks anymore. Cryptocurrency is still an infant if you ask me, we are nothing in comparison to the institution that OP wish to do away with.
Young as we are in this digital space, we need all the help we can get. We don't wish for any misunderstanding and conflict of any widely institutionalized organizations or sectors, we need to make an ally out of them.

Fantina

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Yes cryptocurrencies created to remove from this chain of such fat cats as banks and the government it was the purpose , but let's go back to the reality they will not allow it

Carina.P

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No need for government is impossible, no need for banks. Virtual currency can become a supplement to legal money, because it brings convenient transactions and non controllability.

marvtridon

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how sweet and easy it is to say we do not need banks any more. the trust is that the cryptoworld is not yet matured to do away without banks. Banks offer what money qualities hold. preservation of value. though fiat fluctuates in value, but that cannot be compared to cryptocurrencies. We are still away from being independent on centralized financial institutions.

dangdangdang

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Quote from: rucapri0 on April 02, 2018, 01:50:55 AM

I think that this process will take a very long time. If only for old age to find these times.

indeed, we are lucky that we joined the crypto technology while we're very young at age and I expecting that crypto will stay beyond our lifetime even after we die.
it's not that easy to replace our cash with crypto but the transition will take a long time indeed.
That's why governments and banks are on their grip on regulating the crypto in order to not affect the sovereign fiat.
There are certain of factors that crypto should be controlled partially by governments because the governments is the responsible for the safety of the people.

dangdangdang

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Quote from: lisalise on March 29, 2018, 09:01:10 PM

With the fast developing blockchain technology, more and more people are getting involved in the blockchain world. The human being has been evolving so many years, we went through the period of the primitive society, the agricultural revolution, the industrial revolution, and the Internet revolution. It's time to change, we now need to enter a new era, a decentralized era, we got to trust each other with the technology, but not with the third parties. Government is third parties, the bank is third parties, all the giant company are third parties. Why they want to hinder the development of blockchain or ICO. Because they are afraid, there are no more people they can get benefit from.

The vision of Crypto in the future is not to be independent on governments and banks because there would be no crypto circulation without these two biggest factors in the crypto ecosystem.
I mean, government will regulate crypto in order they're not used for criminals and terrorists, banks on the other hand they will act as the middlemen in order for us to convert crypto into cash.
this time, we can't replace the cash money fully that's why we need banks even after a couple of decades because bank will help the community to circulate proper economy, loans and trades.

MoonJeina

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Quote from: lisalise on March 29, 2018, 09:01:10 PM

With the fast developing blockchain technology, more and more people are getting involved in the blockchain world. The human being has been evolving so many years, we went through the period of the primitive society, the agricultural revolution, the industrial revolution, and the Internet revolution. It's time to change, we now need to enter a new era, a decentralized era, we got to trust each other with the technology, but not with the third parties. Government is third parties, the bank is third parties, all the giant company are third parties. Why they want to hinder the development of blockchain or ICO. Because they are afraid, there are no more people they can get benefit from.

That , indeed is true but just seems so unrealistic at the moment . For people like us ( actually a small percentage of people like us ) it would be very easy to state such things and speculate about such dreamy conditions but the reality hit us hard . The fact is that governments all over the world instead of adopting this thinking and technology is tending to be more reluctant to it . They tend to "avoid" the potential trouble instead of studying and considering as a means of higher opportunities for their economy's growth.

hakertajniak

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Quote from: lisalise on March 29, 2018, 09:01:10 PM

With the fast developing blockchain technology, more and more people are getting involved in the blockchain world. The human being has been evolving so many years, we went through the period of the primitive society, the agricultural revolution, the industrial revolution, and the Internet revolution. It's time to change, we now need to enter a new era, a decentralized era, we got to trust each other with the technology, but not with the third parties. Government is third parties, the bank is third parties, all the giant company are third parties. Why they want to hinder the development of blockchain or ICO. Because they are afraid, there are no more people they can get benefit from.

Maybe in the future, we don't need bank and centralized system anymore.
but for now, blockchain technology still need to developing to replace banks in our world.

manlyxman

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Quote from: lisalise on March 29, 2018, 09:01:10 PM

With the fast developing blockchain technology, more and more people are getting involved in the blockchain world. The human being has been evolving so many years, we went through the period of the primitive society, the agricultural revolution, the industrial revolution, and the Internet revolution. It's time to change, we now need to enter a new era, a decentralized era, we got to trust each other with the technology, but not with the third parties. Government is third parties, the bank is third parties, all the giant company are third parties. Why they want to hinder the development of blockchain or ICO. Because they are afraid, there are no more people they can get benefit from.

Well that is the main point of bitcoin/most crypto coins - to be independent from government and other third parties.

Of course, I hope this will be the future as well.

markers

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As for me, your opinion looks too optimistic. Just one thing, actually there are many others, I wonder how you are going to solve problems in case of coins theft without third party involvement.

Zverek

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I completely agree with the author! It all goes, but I do not think it will be so easy to do. Look at the people they manage the media, which are paid by governments and inspire people for what they need, thereby controlling the masses! I think it will be a long and complicated process ... As for banks, these institutions also keep people on leash with their credit programs, most people live their whole lives in loans and this means that they are simply in slavery to the state! I hope the technology of blockchain will bring changes in our world.

Omnopon)

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Perfectly said, it is real that especially Government tries to control people of being more intelligent, civilized and uncontrolled. Because, the situation in the whole world will be democratic, and the people will not anymore be identical by the style of life (no more home-job-sleep)

laracrofth

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I think it is too early to say that we don't need traditional economic system anymore. Time will show, I think in future will be some global economy with crypto banks.

yesuidanggan

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The technology of blockchain allows us to become a bank and trade with others anytime and anywhere. This allows many people to escape from the exploitation of the bank and protect their own property!

The decentralised digital cryptocurrency has been resisted by many governments because of its freedom to conflict with the government.

Norihiro

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I cannot agree with your statement. Even though crypto is more liberal than banks and fiat - it is still in need of a good regulation - just look at the number of scammers around.

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