Bitcoin Forum

Cryptocurrencies Vs Governments – Can they co-exist? https://cryptocoin.news/analysis/adoption/cryptocurrencies-vs-governments-can-they-co-exist-20006/

I think governments will fight as hard as they can to prevent it from happening....

yup agree, government will fight as hard as possible.

They can co-exist but there is a long way to get trhought before all the regulations will be integreated

Talking to somebody I trust about what stressing me out is the best stress reliever. Also, finding a new environment with positive people is effective.

No doubt eventually they will cooperate in a specific way. Major financial organizations are developing products related to cryptocurrency, so governments are definitely gonna try to regulate them.

I believe they could (and would) coexist. Because in order for bitcoin to be widely adopted, it needs to be regulated, right? But the important thing is, regulation does not mean total control, as no one can or will be able to control it, ever. So I guess there should be a middle ground for both the government and cryptocurrencies to fulfill their functions in society.

I think now implementation is coming in the form of stablecoins, everybody is getting one out!

Of course they can, while the state will have a profit.  Moreover, decentralization can be a gradual measure.

government will fight as usual  :'(

I think in the future governments will die and we will have something like a mix of governments and corporations. Just because the corporations will bankrupt a lot of governments, it is already happening.

good point, more than that they are doing anything to protect their corrupt system

Ideally, governments would adapt public ledger cryptocurrencies so we can better track government expenditures.

Obviously, they can co-exist, they do now.

I don’t think the government will fight, but rather, will simply challenge it. They’re just doing their job. It’s kinda hard to wrap one’s mind around the concept of cryptocurrency –that even in its unstable state, can be used for fraud, money laundering and other illegal activities. The government can benefit from using blokchain and cryptocurrencies as well, come to think of it. So they can't be anti-crypto. I guess they’re looking a way to protect society while maintaining the structure and purpose of cryptocurrency. Makes sense, right?

Crypto maybe will ban but not blockchain  ;D

I don’t think that governments will struggle with this because it’s already useless, it seems to me that states and banks will come up with their own alternative options, such as stablecoin!

I believe that in the near future the power focus will switch from Governments to large multi-national corporations.
Money is the real power, let`s be honest, and corporations will not miss the opportunity and possible profit of Crypto.

I think there might be some chances and the chances are 0

nope not if one of both is being somehow surpressed,

if cryptocurrencies exist, governments like we knew them before become communists,

cryptocurrencies might cause huge damages, to the communists then.

but also might help them.

regards

that's why the government is fighting with crypto

Its like church and government - its not good to mix in my opinion!

Yes, I think they can co-exist. For instance, this article states how other countries do it.
https://cryptocoin.news/analysis/adoption/cryptocurrencies-vs-governments-can-they-co-exist-20006/

“Japan, in turn, embraced cryptocurrencies to capitalize on the crackdown going on in China. The government issued licenses to almost a dozen cryptocurrency exchanges. Most of the regulations in Japan are meant to increase security since Japan has recently had some high profile hacks.”

“in South Korea, most of the regulations are meant to combat money laundering and tax evasion. For example, cryptocurrency exchanges can only do business with people who use real, verifiable names on their bank accounts. South Korea has recently established a new organization called the Financial Innovation Bureau, to encourage the cryptocurrency industry.”

See? Crypto can exist and thrive despite having regulations. I think the rest of the world should follow suit.

In the past, we had the separation of religion/governments, now is the time to separate banks/governments, in my knowledge they are working hand in hand even today. And crypto is the best way to do that, but god damn the banks are owning the world right now. It is a scary thought. And I believe no one loves bankers, everybody would love to see that profession to die and they are not doing anything productive to the society, only by giving loans, and have the evilest things every invented interest rates!

It's likely that all major entities will attempt to become "worlds" of sorts and will issue their own cryptocurrencies.

https://www.bloomberg.com/news/articles/2018-02-12/why-governments-might-join-the-cryptocurrency-craze-quicktake

"With crypto mania sweeping the world, a handful of countries have stirred at the possibility of issuing their own virtual currencies based on blockchain"

We will vote on which "world" is worthwhile by living there, and is dependent on each's respective benefits. Facebook has also toyed with the idea of creating its own cryptocurrency. They're also heavily investing in VR, which means they envision a digital future and a digital economy.

Probably not since crypto is definetely staying on their way

Crypto currency is part of revolutionary changes which are taking place in society as a result of the emergence of new technologies such as virtual reality (VR) and artificial intelligence (AI). Within just a single generation, life as we know it has changed forever. We have more technology in our smartphones now than our astronauts had going to the moon. And the changes will continue. This is only the beginning. Currency is changing. It's taking on a new shape and form, as crypto currency. If an immovable institution like currency can change so drastically, then why not forms of governance also? What form governance takes in the future remains to be seen. But one thing is certain. As currency is changing forever. Just wait and watch.

The world that blockchain, cryptocurrencies and new technology will create will will make governments unnecessary and even considered "old-school." Transactions will be safe and secure without the need for a bank. Laws can't be as easily broken if each transaction is recorded in the blockchain. AI will do the dirty work for us while immersive tech will essentially create resourceless virtual worlds.