We still these 3rd parties because if there are no governments who will stop people not to kill each other? not to rob everyone who has money? that is stupidity any country needs a government to govern the people because if theres no one in charge people will do anything that they want? that is simply tje logic behind the governments.
Totally agreed if theres no governance in a country or in the world? there will be plenty of law violators,there will be no rule or law to follow! do you imagine how will people do when the government doesnt exist there will be chaos all over the world! the technology might change the world but we shouldnt overlook the importance of these basic insitutions that we need to survive or to have peace. 
Topic: We do not need government and bank any more - page 33. (Read 2126 times)
We still these 3rd parties because if there are no governments who will stop people not to kill each other? not to rob everyone who has money? that is stupidity any country needs a government to govern the people because if theres no one in charge people will do anything that they want? that is simply tje logic behind the governments.
Probably, but governments will never allow crypto to replace fiat money! Fiat is still very essential for economy of every country.
I agree that the banking system is very outdated and should be reformed. And it seems to me that crypto will help the banking system. But I do not agree that our society should live without government bodies.
during this days of great depression, banks still functioned and were able to survive without government money. Without government money, the banks would simply need to re-evaluate their business plans and learn a new plattform as a business to still remain profitable. .
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 most important thing is that banks essentially simply create inflation in the market and nothing more. Cryptocurrency can solve this problem. Thats cool!
The government of some countries are really seeking for ways to gain control over cryptocurrency and blockchain technology. Their thought is that the revenue coming in might be hindered, due to lack of direct influence over blockchain technology, but i see this with a different perspective and some countries are now beginning to see it from the positive side. Even if they do not have direct control over blockchain and cryptocurrency, they can still make use of the technology to solve so many economic issues and the fact is this is possible and some are already doing that.
We still need the government to protect us from scams and for future regulations because blockchain is still on its infancy so many aspects are still under the trial and error phase.
We still need banks to convert our cryptocurrencies to FIAT because it will still take a decade or two before crypto becomes mainstream.
We still need banks to convert our cryptocurrencies to FIAT because it will still take a decade or two before crypto becomes mainstream.
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 doubt you will want a country without government. There is already enough chaos with government and laws, what do you think will happen if there is no one to implement laws in your country?
There are space for decentralized innovations and there are space for governments, banks etc.
I don't think you can remove the government and the banks out of the picture. Some banks are into cryptocurrecy now. The idea of the government to legalize bitcoin the better. More users and investors, then cryptocurrency market will surely rise again.
No, because if the crypto legalize in over the world the bank will decrease their power and the government can not collect taxes anymore because the transaction made inside the cryto currency they don't have the power to monitor it.But for me we still need government to control such bad things in our country.
We will always need governments and banks. May be in the future, if the bitcoins really should become generally accepted, they should change their structure. But rest assured that they will not be able to bring them back to their power so easily.
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.
And this is why they're killing cryptos now. The ICOs who are becoming scam are one of the reason but I believe the main reason is the potential of the coins to replace the use of the 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. And this world there are more than 2 billion people still unbanked and blockchain technology give solution for them. That no need third party like bank to send and receive money.
Well, i agree all of you said above bit i dont think if we can deny bank and goverment as our source of financial.
Blockchain comes as good solution but now its not enough since blockchain is still in early stage and need much more improvement to become good solution.
I think banks are still needed, because a centralized system is a must. Decentralized systems may have many problems. Blockchains can change the principles of opaqueness in some industries. However, blockchains are not a panacea.
we still do need the Banks and the governments, The governments have the authority to ban and illigalize crypto, we are only operating because the governments llets us operate, if all governments ban crypto then crypto will die, Banks have other roles to play in the economies of countries, without them there will be no economic regulations and several sectors would crash
I think we really need government and banks it because what if without the government who controlls us our society will have chaotic country,.if they for tax well its okay cause theres a reason for that to have more improvement of our sorroundings or they use it in some good things. We had two banks now who joins into crypto so its better if many banks are willing too.
The blockchain technology is still far away from being able to handle the current world population. During the recent rally bitcoin wasn't even able to handle the transactions happening on its blockchain and there was heavy backlog with the transaction fees reaching the moon.
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.
No, we need governments and Banks. Because today people doing in control because of them. But we don't need to all of our financial things controlled by them. Blockchain-based projects and Cryptocurrencies became a huge threat to government tax income. Because they can add proper rules to the blockchain projects and cryptocurrencies. that's why some countries ban whole cryptocurrency related things. That's not the only reason, because of the cryptocurrencies there are new threats appeared. such as black money cleaning and Drug transactions rising. Decentralized Smart contracts gave abilities to make transactions anonymously. now they are trying to use that advantage. That's the other reason governments are thinking about cryptocurrency regulations. But my personal thought says they will do something for this issue one day. because of they always find ways to take civilian control to under them. I'm pretty sure banks will definitely help them to do that.
But thats the reason why some country ban bitcoin to their country and we do still need government and banks. If the cryptocurrency will have partnership with the National banks then there is no problem with that.
Its not the main reason why they ban crypto in some countries. In fact, they don't even see it as a mere threat. They just don't want their currencies to experience inflation and deflation because of bitcoin and other cryptos. They also don't want to see many new millionaires sprouting out of nowhere because of an investment in crypto. Cryptocurrency will never have partnership with national banks, they have enough money to finance the creation of a new crypto for their usage if they want too after all. Jump to: