Topic: We do not need government and bank any more - page 34. (Read 2104 times)
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. Wont be happening unless these government will allow it to happen but i doubt,because any government who doesnt get taxes from the people wont survive there will a chaos and messy governance among the commong people.So it will be worst than we can ever imagine,that is why we still needs governments to protect ourselves from the people itself.
I do agree to that. In the pass years and decades the government are serve to us like a strong built wall for us to be able to survive to our daily lives in our country. Our government are the one that helping us to resolving many problem that we encountered to our surrounding or in our community. I do believe that government have a very important role to reach one's country's success in many aspects. I don't know and have a doubt in what will possible to happen if one country's has no government.
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.
Yeah will need government but not banks. Over the year Banks have become so evil and charge money in the form of misc ban charges that i has become a pain . In next 5 year we will see a lot of lobbying by banks to stop cryptocurrencies from overtaking them. A lot of services offered by banks will be killed by the cryptocurrencies. As far as government is concerned its role will be limited to non monetary related roles in the society.
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.
Although I am a crypto enthusiast and I would like to see blockchain adoption in plenty of human activities, I do not think that you can fully replace governments and banks. Governments are - besides other important things - representation of sovereignity among other countries. And I bet you don't want "an inteligent blockchain" to negotiate about your future with other human leaders
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 beg to differ. We need government and banks. Banks are there to hold and manage peacefully fiat, and we know that fiat is the basis of commerce and trading options. Even buying coins in crypto we need fiat, and so inadvertently banks and government.
Even when cryptos tap business establishments to use cryptos as payment system, we need certain permit and regulations from government and so is banking.
We need all the help we can get since what we have is a community that's relatively small in comparison.
It would be nice if it were true. But there are many other rules to enforce, even assuming that the blockchain really worked. But it's a nice dream, let's think about it every now and then. Another world is possible.
I think, that in 10 years crypto will supplant fiat money in the most development cities. And it will be new era of currencies
we still need government and bank. without government, there are no stable society, no protections for citizen and the inequalities between the very wealthy and the extremely poor will never be rectified.
I don't think that the technologies working at a blockchain can't be controlled. Yes, it is a certain progress, but without the governments we far won't leave)
You're right, blockchain technology is much more profitable, but it's very difficult to implement this idea, because banks also need to earn money and just so they will not leave, they either accept this blockchain technology and will use or will leave
On the reality with presence technology of blockchain and cryptocurreny yes we don't need government and bank because both will make human easly go through daily activity. But on the fact some government make a dicission to ban cryptocurrency in his country. With the reason cryptocurrency will make the national money dissapeared. For some country who have decission ban cryptocurrency then it's confirmed the user of cryptocurrency still nedeed a bank to change his money to cryptocurrency or from cryptocurrency to physical money.
Without the government the country you live will be in chaos, imagine everyone making it's own rules, that is not a country but a jungle, without the bank you will have great inflation and deflation every day, without the economic stability the country will falling apart, even blockchain triumph we still need the government and bank involvement in a country
In my insight, we still need a government to protect and regulate our country. The government must also support the blockchain technology or the bitcoin itself. Government must also accept the bitcoin inorder to help the people to uplift their life. Bitcoin opens lots of opportunity, so the government must accept and adopt it.
Blockchain is an excellent technology, especially in terms of Finance. People can finally use a financial instrument (storage, transfer, accumulation) without the participation of intermediaries and legal entities with Bank licenses that only wind up interest and take commissions for everything that is possible. This system allows you to cut off all unnecessary and make a minimum of intermediaries between the two participants.
Government should be there to protect its citizens but should allow the blockchain technology to exist to help the less privilege who cannot asses the banks own by the government. The blockchain technology has come to help everybody including the government so they should accept and stop this fight.
We still need gov and bank. We need gov until we still need social. That's true
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