Well I do think we need help and adopion from the government and more importantly regulations from them to help blockchain and mainly crypto currency become the norm
Topic: We do not need government and bank any more - page 3. (Read 2104 times)
For the time being governments and banks are relevant in our economy. Perhaps their role will decline. However it seems to me that most likely we will observe the using of blockchain technologies and cryptography in the banking sector.
With the quick creating blockchain innovation, an ever increasing number of individuals are getting associated with the blockchain world. The person has been advancing such a large number of years, we experienced the time of the crude society, the rural insurgency, the modern unrest, and the Internet transformation. It's an ideal opportunity to transform, we currently need to enter another period, a decentralized time, we got the chance to confide in each other with the innovation, however not with the outsiders. Government is outsiders, the bank is outsiders, all the goliath organization are outsiders. Why they need to thwart the advancement of blockchain or ICO. Since they are perplexed, there are no more individuals they can get advantage from.
I also hope that one day I will be able to use my blockchain to manipulate my own financial movements. However, there are no tokens that have stable prices and are widely used in the market! I think it takes a long time to reach your goal
The world cannot live without governments and Banks. We can achieve it safely or with the efforts of all. Without the government and the Banks. We will retreat to the primitive society.
I think the government and the bank will not be replaced in a short time. The government and banks will also try to prevent them from being replaced. They will limit the technology and regulate it.
We still need governments and banking system as they have all the infrastructure.
It`s better to say that they cannot stop the tech. progress and it will be good if they are involved into crypto.
Governments can help in regulation of Crypto space and banks in mass adoption of it.
It`s better to say that they cannot stop the tech. progress and it will be good if they are involved into crypto.
Governments can help in regulation of Crypto space and banks in mass adoption of it.
Indeed an era is coming that people will less depend on Banks. Currently because we somehow depend on banks, we get worried by their regulations. That's sometimes due to the crypto/fiat exchange, but after sometime if crypto grows and becomes well adopted, we shall reduce our dependency on the banks.
Now everyone thinks so because of maximalism. It is impossible not to talk about the state and the change of the usual way of life when such technologies appeared. I have been thinking about it for a long time and it seems to me that a lot can change, but the state will never change
if I think the government and the Bank is very important to help the bitcoin digital world to be better and accepted by all countries and communities. so bitcoin into digital money that can be received like a banknote .
the need for modernization in some ancient practices has let to the discovery of technological innovations. hence, there is no further need for the traditional banking system since the blockchain technology has taken over the financial wing of the technology and has made it take a different turn in form of decentralization
I don't think that's really going to happen. There will always be an ordinary government, and cryptocurrencies will continue to stand aside. Now, at the beginning of the existence of crypto-currencies, it is extremely stupid to think about this
I think that there will be a day in which the banks will play a side role in peoples economy, but I may not see it.
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 .
t's a bit ealy to deduct that but mostly government and banks are parasite on the people. We can replace banks with crypto and the current government should be replaced by a people centric government that doesn't punish people to make a profit for their advertisers.
I do not agree with your statement. A country's government and Banks represent the power of the country, and you live in it and enjoy the benefits that the state brings to you. Although bitcoin is decentralized, it is free to protect people's property, but governments and Banks are also indispensable.
I disagree too. The governments are needed for managing all processes in the countries. Their main role is protection and safety of the citizens, i.e supplying the armed forces and police. Crypto currency is just a payment system and can be used as a savings or trading assets. I guess the crypto currencies will be accepted more widely in the future.
The Government and the Bank of a country represent the power of the state, and you live in it and enjoy the benefits that the state gives you. Although bitcoin is decentralized, it is free to protect the property of people, but the government and the Bank are also indispensable. So too arrogant if you say you do not need the bank and the government.
Indeed by seeing the greatness of crypto. Then one day it could be that the existence of the bank could be meaningless. Because all impressed very easily with crypto. However, I think, this will be very contrary to the existing Government. Of course this also cannot be applied in all countries. It's possible only in a few countries only.
Third parties already exist before the government and the giant company you mean exist, and will remain forever. Are you willing to send your ethereum to me without the possibility of a third party? Maybe it's just the system that will adapt, but everyone actually needs a third party.
To live without Banks is quite realistic i think, but living without goverment will be problematic. There is a very large infrastructure, we pay taxes, taxes are partly spent on the wages of workers serving the city. Remove the goverment and it will be chaos, garbage on the streets, robbery and other negative consequences that no one will regulate will begin. For example, in Somalia there was no government for 15 years in the 1990-2000s. During this time, armed groups of local clans, pirates and Islamic extremists fought in the country. It was unrealistic to live there.
Jump to: