Topic: We do not need government and bank any more - page 30. (Read 2126 times)
It is too early to say that the crypto currency will replace the banking system. It's just a theory. In practice, we have different picture. The introduction of crypto currency is very slow and governments try to control crypto. They will not allow banks and the government to be killed by the crypto.
I disagree because, we need government to protect us in a bad people and also impose a government rules and policies that poeple can followed.and for the bank, i am prefer to send my money through a bank to safety my account because, there are scammer watching us waiting a chance to stolen our invest.
I disagreed, we need Government as they are running a nation all the internal & external affairs with other states are handled by them. They provide security to their citizens from internal/external threats. They impose rules for their citizens to follow so there can be a peace in the country. Without Government who will deal with all these matters?? who will resolve conflicts in state & with other countries if any mishap happens??? without government, there will be a disruption in the country because there will no law & hence nothing to follow by the people. Regarding Banks, I am somehow in favor we don't need them because they are eating a lot of money from people but anyhow we need them, as we need to store our fiat money safe & it is globally accepted. Cryptocurrency is still not recognized globally I cannot buy goods from a shop with it.
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.
i don't agree with your point of view to some extent.. yes we may have no need of banks due to crypto but we should not ignore the fact that all people keep their money in the banks in the form of fiat which is much less volatile than the crypto. plus we need government at some point what will happen if there will be more than crypto companies governing the single country and everyone of them will make their own rules best suitable to them.. crypto is no doubt is a good start but we should also keep in mind that eventually btc is valued in the fiat like $ at the end.. what else do we have to value the btc?
that's true
No, this is wrong. Why don't we need government? Many people cannot take their own decisions, unfortunately - for them, it is better to follow rules and regulations. Banks must also exist, although blockchain started the new era.
if so, are you sure you will feel secure with everything that will happen if it does not exist, what is the strongest reason to be concerned with the explanation on the topic you are saying?
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.
yes it's something blockchain can really offer. It's not possible to avoid certain extend of centralization, but the question is how much that would be. Direct democracy is a perfect system for me.
Never this will happen. If the government sees a threat in the cryptocurrency, it will forever prohibit its use on the territory of its country. And the more they will never give up the banking system.
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.
There is no central bank in the bitcoin system, and the new currency is generated in accordance with established rules, and no central institution can start, terminate or change it.
If bitcoin is to be used in the future, the central bank will not decide the amount of money, and monetary policy will not be regulated. In short, the central bank has lost control of its currency.
So we don't need Banks in the future.
Government and nationality are some sort of privileges nowadays, so it is extremely difficult for many people to give up on that...Blockchain has invented this beautiful vision of unbiased equality but it will be hard to achieve I suppose.
I think that this process will take a very long time. If only for old age to find these times.
in my opinion, a country desperately needs a government because the government is a tool that serves to regulate a country so there is no chaos. while the government should support blockchain technology because it can improve the economy in the country.
In any case, the government needs us. Because only it can regulate all social movements. But the banks, I hope, will cease to play a decisive role in the world of finance
That's true, blockchain technology is much more profitable. Banks also need to earn money and just so they will not leave.
I think we should work with the government to make cryptocurrency better,Indeed government and bank are third parties but we need their support
This would be ideal, but only if the government was honest with the people, and if at least one person begins by the power to profit from it, then the whole idea breaks down. So that friends, even partial centralization us not need a. Absolute decentralization is our best future.
Base on this the idea is good that you agree that the government needs to get involved in this project. There is no problem about involving in this kind of system but ofcourse they need to be honest towards the people because we all know that government sometimes not fair in terms of this.
realize or not, we still need the government to control the economy and it will be good if the government could get involved in the project. we know that the government has an unlimited source which could help bitcoin to be spread among the people and bitcoin could help the people so I think it will be mutually beneficial cooperation for the government, the people and the bitcoin itself. and if this could work properly then we can see that the world will be better again.
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.
Yes, what you said was correct but we cannot kick out bank now,, we were not fully develop.. we need our bank because sadly we still rely on paper money.. we need to make the btc number 1 in the world in terms of currency before we can kick out bank.
That is quite true..... haha. As the saying goes if we cannot win them either we oin them or kill them before they kill us. Joining them is almost impossible so they rather strike first and kill it before they are being kill. Recently i watch a youtube video and it was about the decentralise system and the video was saying about more and more millennials rather trust dencentralise system comparing to banks and third parties.
Seems like you really are focusing on money when you say that you don't need the governments and banks anymore because of blockchains. You must be forgotten why is the government here? They are working in different aspects and problems of your country so you are deeply mistaken when you say that you don't need banks and governments anymore.
If we only talk about the digital currency,i say it yes we not need the banks and the government for all. But don't you think government and banks are important in real world because if there is no government I don't think that one country will have a unity or have a good. We need the government to rule to make good are country and about the banks it is important because we can't say that the software wallet are realy indestructible because there are many hackers tooYes I totally agree with you. And if the government seen cryptos as a threat then they will make a move and ban it as soon as possible. And I don't think FIAT will be replaced by crypto currencies although there is a possibility but I think government wouldn't allow it.
I think we should work with the government to make cryptocurrency better,Indeed government and bank are third parties but we need their support
This would be ideal, but only if the government was honest with the people, and if at least one person begins by the power to profit from it, then the whole idea breaks down. So that friends, even partial centralization us not need a. Absolute decentralization is our best future.
Base on this the idea is good that you agree that the government needs to get involved in this project. There is no problem about involving in this kind of system but ofcourse they need to be honest towards the people because we all know that government sometimes not fair in terms of this.
for now, all crypto users still needed, because we still need fiat currency to buy what we need in real life,, and to convert crypto to fiat we still need bank
we don't gov and bank anymore if the majority of people use crypto especially as the main currency
we don't gov and bank anymore if the majority of people use crypto especially as the main currency
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