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Bitcoin => Bitcoin Discussion => Topic started by: BrianH on July 31, 2021, 08:22:19 PM



Title: Could crypto replace government?
Post by: BrianH on July 31, 2021, 08:22:19 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?


Title: Re: Could crypto replace government?
Post by: hatshepsut93 on July 31, 2021, 08:39:15 PM
No. Smart contracts can't do everything in the world, in fact they can do very little. Ethereum and other smart-contract platforms aren't used in real world like it was envisioned, they are used for creating tokens and trading them, that's it. The DAO promised to revolutionize companies, and it just died at launch due to bug, and no one tried to relaunch it, because they understood that it was a stupid idea.


Title: Re: Could crypto replace government?
Post by: Mahanton on July 31, 2021, 08:56:36 PM
Lets just accept that this wont become a reality.Yes, smart contracts is revolutionary but we cant really just deny that there are things which do works only on where government or in short in centralized things.

Just like been mentioned above by hatshepsut93 was actually on point.So dont expect that it would really happen and both things do function on different key areas.

Why would really pushing that it would really replace the government? Everything would have their own function of its existence.


Title: Re: Could crypto replace government?
Post by: franky1 on July 31, 2021, 09:33:03 PM
crypto can validate and officiate a vote of who is a country leader. but a blockchain wont replace the human brain, mouth hands and legs of a nations leader. even if america 2016-2020 showed it had a brainless orange as a leader

some political  decisions during the 4 year term do need a brain and a mouth and even a handshake and some feet to walk around on.. things a blockchain does not have
though we can debate that some nations leaders dont really use their human attributes well


Title: Re: Could crypto replace government?
Post by: sapnu on July 31, 2021, 09:55:53 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?
I think that would be too much for our speculation about crypto. Indeed it is a coin that could adopt to many changes yet it still has limitations on what it can only do for you in your life. The government functions mainly to maintain peace and order for everyone in the country and to exhibit fairness as well as solutions that is much needed by the country. Crypto's function is so far away from ruling people, you cannot expect them to simply smile and get excited upon ruling a nation. It may innovate more in the future yet I don't think it can ever change its current function.


Title: Re: Could crypto replace government?
Post by: sunsilk on July 31, 2021, 11:23:12 PM
That was beyond thinking and futuristic but that won't happen. Governments will never allow this to happen, they might take some of the advance technologies and adopt it for the good.

But I just can't see that this is going to happen and a government will try to apply this with their system. Maybe for some small states and cities, they can do this but it's just too much to think of it.


Title: Re: Could crypto replace government?
Post by: Jating on July 31, 2021, 11:29:42 PM
But without government intervention, there might be total chaos in one country?

Yes, we have crypto and those smart contracts, but I do doubt that it can truly replace a working and able government. We can used and take advantage of smart contracts though, even the government can do that. So why not we have the best of both worlds in our hand? We don't need to sacrifice any of them.


Title: Re: Could crypto replace government?
Post by: KennyR on August 01, 2021, 12:33:52 AM
Maybe a perfect voting system can be developed through the blockchain. The government can't be run by the platform. Then whats the difference between a smart contract and human beings. Already few countries have begun to use the blockchain technology for the voting purpose. Estonia is one among the country that has developed it. Maybe similar kind of development happen around the globe in the future. E-governance is possible through the smart contract, but not the government.


Title: Re: Could crypto replace government?
Post by: jitjitmew1 on August 01, 2021, 01:12:36 AM
in the long term maybe a technology akin to bitcoin,but short term,no,no chance,those who are in power are afraid of btc and will try to destroy it at all cost (with no success of course).


Title: Re: Could crypto replace government?
Post by: Dhoe on August 01, 2021, 01:43:31 AM
can bitcoin replace crypto? for now even for the future it can be said, bitcoin can never replace the government, because even the government will absolutely not accept such an ideology, we should not make parables too high, and do not expect too high,,


Title: Re: Could crypto replace government?
Post by: Fundamentals Of on August 01, 2021, 02:58:11 AM
No, this is impossible to happen. Pure democracy is even an illusion. It is an idea, a good idea, but is simply an idea. In the human scheme of things, you cannot expect that the ideal is possible to happen. Human beings are not ideal creatures. You cannot expect purity from human politics.

We may mean good about this but we should cease expecting too much from cryptocurrency, blockchain, smart contracts, etc. They are not as powerful as we imagine. They cannot create paradise on earth.


Title: Re: Could crypto replace government?
Post by: iTradeChips on August 01, 2021, 03:21:05 AM
Unfortunately, cryptocurrency and the blockchain technology are still new technologies that man has not been tested and applied to many aspects of our society. We are even in some sort of introduction phase in the financial technology sectors and we have not yet felt the full potential of the blockchain technology. It is a good idea to use blockchain for elections for that would prevent manipulation and cheating from others. But first, there should be a government willing to do that experiment and is willing to support such technology and the applications to make it work.


Title: Re: Could crypto replace government?
Post by: BrianH on August 01, 2021, 04:44:52 AM
Everyone has said no, but have you looked at crypto-collaterized stable coins like DAI (https://cryptonews.com/coins/dai/)? In >6 months, it has maintained almost a perfect peg 1:1 to the US dollar - solely by the actions of decentralized persons. That is better than centralized coins like USDC and nearly as good as Tether.

No, this is impossible to happen. Pure democracy is even an illusion. It is an idea, a good idea, but is simply an idea.
Switzerland operates as a pure democracy. They are the 6th richest country in the world, per capita. It is a reality. Why not move that voting system to the blockchain? Why can the blockchain not be the "leader?" Most cryptos have a consensus voting mechanism. Why do people feel they need a figurehead?

If people don't believe in smart contracts, then how are smart contracts expected to replace simple things like real estate contracts, health records, etc?

Maybe a perfect voting system can be developed through the blockchain. The government can't be run by the platform. Then whats the difference between a smart contract and human beings. Already few countries have begun to use the blockchain technology for the voting purpose. Estonia is one among the country that has developed it. Maybe similar kind of development happen around the globe in the future. E-governance is possible through the smart contract, but not the government.
Fascinating! I did not know Estonia had moved voting to the blockchain (https://e-estonia.com/solutions/e-governance/i-voting/). That's not all (https://www.blockchain-council.org/blockchain/blockchain-governance-in-estonia-may-be-inspiration-for-the-entire-world/)... Brilliant!

That's a fair point. I was thinking more in broader terms, such as the blockchain being used for establishing rights, voting, allocating funds and providing a currency. Individually appointing positions for defense, etc. would not be practical for the entire population to do. You can't replace people with technology there (at least not yet).



Title: Re: Could crypto replace government?
Post by: AniviaBtc on August 01, 2021, 05:48:53 AM
No. Smart contracts can't do everything in the world, in fact they can do very little. Ethereum and other smart-contract platforms aren't used in real world like it was envisioned, they are used for creating tokens and trading them, that's it. The DAO promised to revolutionize companies, and it just died at launch due to bug, and no one tried to relaunch it, because they understood that it was a stupid idea.

It is more like it just helps the people to have financial freedom and have something to fight inflation and poverty.

Support from a certain project is what most of the companies lack of, they are just abandoning the process when they see nothing more out of it just like what the DAO did.

Sometimes, application in the real world set up is what most of the people are looking for in a certain project in a platform and it is hard to focus on that when it comes to cryptocurrency.


Title: Re: Could crypto replace government?
Post by: Pmalek on August 01, 2021, 11:03:16 AM
Those cryptocurrencies cannot scale to the point to support an entire economy. They weren't able to handle the load of CryptoKitties a few years ago, what makes you think they can do more than that?
Most governments don't want a pure democracy. You are given an illusion of democracy, but that designation reaches only as far as the interests of your government. Try to go above that and you will experience the same democracy that many whistleblowers experienced.

All those suggestions made in the OP will never be decided by the people. You can protest against war, but war will still happen. You can complain against the banking elite, but they will keep pulling all of the strings and most people will just nod their heads and go along with it.

If you want privacy, your government is the wrong party to turn to. You have to find ways to keep it yourself because they surely aren't interested in you staying under the radar.

To answer your question, no, such a system wouldn't work.   


Title: Re: Could crypto replace government?
Post by: Cling18 on August 01, 2021, 11:45:40 AM
The fact is that the economy wouldn't survive without the supervision of the government. No currency could replace or take over the government because the government has a huge role in organizing and solving each country's problems which any currency couldn't do. The cryptocurrency couldn't work well either without the government.


Title: Re: Could crypto replace government?
Post by: Suharti12 on August 01, 2021, 12:24:34 PM
Government systems and cryptocurrencies are different, government systems need personal control over everything, while cryptocurrencies are digital currencies. 
Inever thought that would happen, but if everyone owns Cryptocurrencies then the possibility that happens is that the change of currency from manual payment systems or Fiat will be replaced Online by Cryptocurrencies.


Title: Re: Could crypto replace government?
Post by: breathlessz on August 01, 2021, 01:10:22 PM
Government systems and cryptocurrencies are different, government systems need personal control over everything, while cryptocurrencies are digital currencies. 
Inever thought that would happen, but if everyone owns Cryptocurrencies then the possibility that happens is that the change of currency from manual payment systems or Fiat will be replaced Online by Cryptocurrencies.
for everyone using crypto, I think the main step is the legalization of the government. if the government legalizes it let alone changes to using crypto currency, of course people will obey it, because of the change in the payment system. and I think it's only a matter of time until now, because there are countries that have legalized it


Title: Re: Could crypto replace government?
Post by: palle11 on August 01, 2021, 01:34:02 PM
We don't understand that government is all like control. The government make the society orderly as it is now despite that there are problems and issues of human relations and we can compare that to when if there were no government? The situation is far better with people at the corridors of human affairs, to lead, guide and control the activities of human.

That said, we can't have cryptocurrency taking over government because that will lead to uncontrollable confusion. People won't have any fear to kill the next person because no body to send them to jail  ;D

I think the government and Cryptocurrency can exist together as we see it going at the moment despite government making plans of control but we don't totally see such happening.


Title: Re: Could crypto replace government?
Post by: Leviathan.007 on August 01, 2021, 02:31:39 PM
Thet's totally possible to see more people are getting into crypto after hating their government and of course, the governments are going to fight it but in my own idea nothing can replace the other thing, and even after years when more people start to work on cryptocurrencies, nothing will be replaced the other thing and I think when the government sees the attention to crypto they will be forced to show the white flag and accept crypto instead of fighting against it, It's all depends on people.


Title: Re: Could crypto replace government?
Post by: kryptqnick on August 01, 2021, 02:43:14 PM
McAfee is a sad dead speculative guy who said many weird things and in the end did more harm than good to Bitcoin. He was also pretty crazy, so no wonder that some thought of his led to op's unrealistic fantasy of crypto replacing government. People could vote in a decentralized way, and the voting could be based on Blockchain. Even at this point, it would be Blockchain doing the replacement, not cryptos. But then someone has to decide what to put on vote, someone has to manage institutions and ensure communications with other countries, someone has to write the laws to vote on etc. I don't think there's a way to make all of it work in a decentralized way. Also, the majority is very ignorant on many questions, and it would vote toward a catastrophy. If a question of abolishing taxes was voted on, the majority would surely support the decision. And then there would be no money to fix the roads, subsidize medicine and public transport etc.


Title: Re: Could crypto replace government?
Post by: Jazmin Leslie on August 01, 2021, 03:03:43 PM
The fact is that the economy wouldn't survive without the supervision of the government. No currency could replace or take over the government because the government has a huge role in organizing and solving each country's problems which any currency couldn't do. The cryptocurrency couldn't work well either without the government.
Encryption may be able to change the governance system of some countries (or even the world), but I don't think it can be said to replace the government.It is possible to change the government structure.


Title: Re: Could crypto replace government?
Post by: BrianH on August 01, 2021, 03:30:10 PM
People could vote in a decentralized way, and the voting could be based on Blockchain. Even at this point, it would be Blockchain doing the replacement, not cryptos. But then someone has to decide what to put on vote, someone has to manage institutions and ensure communications with other countries, someone has to write the laws to vote on etc. I don't think there's a way to make all of it work in a decentralized way. Also, the majority is very ignorant on many questions, and it would vote toward a catastrophy. If a question of abolishing taxes was voted on, the majority would surely support the decision. And then there would be no money to fix the roads, subsidize medicine and public transport etc.
You make a lot of interesting points. I threw this idea out there to crowdsource others' ideas as well (decentralized!). FWIW, historically pure democracies have always failed in the end.

Someone would manage institutions. Here is a general idea on how it could possibly work in a decentralized way:
The structure would be set forth in something of a Constitution when the initial cryptocurrency was created. Parts of it would probably need to be immutable (unchangeable).
The leaders of institutions like defense would be voted on through the blockchain.
Salaries would be paid for through smart contracts.

As for abolishing taxes, mob rule is a consideration.
"Taxes" would be established by a fee for using the cryptocurrency.
The "budget" would be established by setting percentages for different resources. i.e. defense would be 50% of the total fee, safety would be 25%.
If people wanted to change those allocations, they would have to take from one of the other resources.

The problem with many current systems of government are that the mob encourages politicians to keep adding services and government responds by raising taxes (%) or printing more money and devaluing the currency.
Instead of cutting one resource to add to another, everything is obfuscated and the overall budget becomes 200% more than the taxes that are collected.
This leads to the eventual downfall of that government.

With a budget that is published on the blockchain and the overall fee is immutable, people would see the impact of taking money away from one resource to add it to another.
If roads start to deteriorate, funds could be taken from defense. If medicine needs an increase, funds could be temporarily shifted as well.
The budget could never go over 100%.
Government expenditures would be transparent on a public blockchain. No more $1 million for a hammer, $10,000 for a screw. No more bribes.

Best(?) of all, it could all happen instantaneously, instead of waiting for years to elect new officials while things deteriorate under elected governments.

This form of governance would work best on smaller countries. Having different rules or different side chains for different countries would likely make sense.


Title: Re: Could crypto replace government?
Post by: Dhoe on August 01, 2021, 03:39:18 PM
can krypto replace the government, my answer is definitely no, because we know the task in government is very heavy and very high risk, if the government is wrong in making decisions, of course the government will get very harsh criticism, from their people, i am sure that krypto replacing the role of the government, it is certain that crypto cannot control all the criticism that comes, because the effect is that crypto prices will fall, and people start to lose faith in crypto.


Title: Re: Could crypto replace government?
Post by: Reid on August 01, 2021, 04:28:19 PM
I am actually hoping it is in the near future but we have to be real, it is not.
I may not even see it before I die. It will take years or maybe decades before you could eliminate/change the traditional system.
The question of when will always pop out because there is a really little movement that we could see, close to none.
This pandemic could actually be a good first phase for a change but look "nada".
You could not change how a government works but it could be improved.


Title: Re: Could crypto replace government?
Post by: Sweetbtc on August 01, 2021, 04:41:42 PM
We don't think so because these smart contract are not using in our daily life. Its very hard ti understand for every person specially un-educated person to use Etherium,polkadot eyc contract address for transaction.
These contracts cannot bear the burden of such a big Government transactions per second.


Title: Re: Could crypto replace government?
Post by: ChiBitCTy on August 01, 2021, 04:44:00 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?

Did you mean to say could Crypto replace voting or did you mean to say it could replace the government?  Either way the answer to both right now is no.  I think fist off voting is a "popularity contest" and using the blockchain for voting wouldn't change that.  After all a democracy counts it's votes from most vs least ( minus the United States and our stupid Electoral College).   Also I'm not sure how this would change privacy wise?  If a blockchain were used to count votes, it would need to be open ledger such as how bitcoins works vs a blockchain say like Monero.  I like the theories you've come up with here but sadly I think that is simply all they are.


Title: Re: Could crypto replace government?
Post by: cotton ball on August 01, 2021, 04:55:07 PM
can crypto replace the government,?? my answer is definitely no, because we know without a government this world will be destroyed, and will not survive without government supervision, if bitcoin takes over the government it will definitely not happen, because there will definitely be war, what is certain is that we will lose, and our crypto will weaken, so just undo your intention to replace the government, because that is not our way, what we want is bitcoin to remain the king of all coins, and become an asset for all of us, to make a profit bigger ones in the future..


Title: Re: Could crypto replace government?
Post by: Ararbermas on August 01, 2021, 05:00:14 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?
no it's impossible because even that words " people will remain anonymous" is enough words or reason why government will not allow such things to exist because for them it's like against the rules., yes there's a advantages of using crypto currency especially when it comes making transactions but for government there's a lot of violation that's why they're against in cryptocurrency. So its impossible to happen even in the future in my personal opinion.


Title: Re: Could crypto replace government?
Post by: Kez1817 on August 01, 2021, 05:32:09 PM
Do you think government will allow it to happen? Of course NOT. Government has a strong foundation than a cryptocurrency which is not yet fully accepted by everybody and fully recognize or use in different platform as a payment method like in a fiat currency. It will not happen in reality that crypto will replace government, you just dreaming. A decentralized digital currency can't rule the world anonymously unlike in a government that there are people working for our economy and to negotiate with other countries for peace and order.


Title: Re: Could crypto replace government?
Post by: ChrisPop on August 01, 2021, 05:57:12 PM
Definitely. I think a DAO or multiple ones could take the place of the government, but not entirely. There would still be a need for specialised people in the governance. I mean we can't rely on the mass of population to decide who is going to run the agriculture sector for example or who will be in charge of healthcare. Yes, law voting and elections can be digitalised and maybe put on a blockchain, but we can't make it completely decentralized. For a complete feasibility, this requires much further analysis of the exact processes that happen in the governments and how exactly they can be improved using blockchain tech.

btw there also is the RSK network which is considered the "safest" one taking into account that it is a second layer of Bitcoin


Title: Re: Could crypto replace government?
Post by: Iranus on August 01, 2021, 06:18:54 PM
Definitely. I think a DAO or multiple ones could take the place of the government, but not entirely. There would still be a need for specialised people in the governance. I mean we can't rely on the mass of population to decide who is going to run the agriculture sector for example or who will be in charge of healthcare. Yes, law voting and elections can be digitalised and maybe put on a blockchain, but we can't make it completely decentralized. For a complete feasibility, this requires much further analysis of the exact processes that happen in the governments and how exactly they can be improved using blockchain tech.
btw there also is the RSK network which is considered the "safest" one taking into account that it is a second layer of Bitcoin

Actually, Decentralized Autonomous organization tried but they failed badly, now DAO is nearly dead project.
No government has been able to accept cryptocurrency from the heart. All governments want to maintain their hegemony, they have always wanted to manage bitcoin transactions through a regulatory system. The governments that have accepted Bitcoin have been forced to accept it due to its rise and pressure from users. Bitcoin's rising price has improved because the government has accepted it, and if the government boycotts it, prices will fall. In fact, no economy can survive without the government.


Title: Re: Could crypto replace government?
Post by: BrianH on August 01, 2021, 06:32:41 PM
We don't think so because these smart contract are not using in our daily life. Its very hard ti understand for every person specially un-educated person to use Etherium,polkadot eyc contract address for transaction.
These contracts cannot bear the burden of such a big Government transactions per second.
Agreed. The current system needs to be simplified. Sending to obtuse strings of letters is hard for the average person to understand or use. It will get there. There are several cryptos already that can solve the TPS issue.

Did you mean to say could Crypto replace voting or did you mean to say it could replace the government?  Either way the answer to both right now is no.  I think fist off voting is a "popularity contest" and using the blockchain for voting wouldn't change that.  After all a democracy counts it's votes from most vs least ( minus the United States and our stupid Electoral College).   Also I'm not sure how this would change privacy wise?  If a blockchain were used to count votes, it would need to be open ledger such as how bitcoins works vs a blockchain say like Monero.  I like the theories you've come up with here but sadly I think that is simply all they are.
Good question. Purely replacing government would be difficult, but it could replace aspects of it. IRS would not need to exist. Much of the bureaucrats that maintain billing and support would not need to exist. "Nice to haves" would get voted on. But you will need people to defend the country and build the weapons. Providing for the common defense of a country is supposed to be the main purpose of government.

Popularity is still an element, but it is drastically diminished. You don't need a central figurehead - blockchain could be used to direct major decisions. Department leaders could be individually replaced if they are not doing their job. Their spending would be visible on the public blockchain, allowing citizens to directly reward commitments achieved and punish unfulfilled promises. It could happen faster than the current election system.

Privacy is tricky. Realize the flaw in what I was saying earlier. Perhaps government would be exposed by being on a public blockchain, whereas citizens could use a private blockchain. Effectively the reverse of what we have now. ...or a semi-private blockchain where only the identity of the user and total balance of the account are known - if a politician suddenly gets a $1B donation, questions get asked.

The problem with that, is if there is a private blockchain (like cash), how do you prevent bribery of individual leaders? Maybe it doesn't matter - government employees get replaced faster if they are not doing their job. It's impossible to prevent in any system. Something to think about.


Title: Re: Could crypto replace government?
Post by: Dread Pirate Roberts on August 01, 2021, 07:40:19 PM
If there is a blockchain system that is open and non-anonymous and supported by the government because of the many benefits it is very possible. but now all average characistic crypto and blockchain are always against the will of the government. It must be admitted crypto from an people on economic expert point of view, there are still many pros and cons. it seems very difficult for that to happen.


Title: Re: Could crypto replace government?
Post by: Woodie on August 01, 2021, 08:54:52 PM
I don't think so, government is about regulation while crypto is almost about no regulation, in short they two kind of contradict what they are all about...its like we have water and oil being mixed and we all know that the two don't really just don't mix.

But from the look of things for crypto to survive, it kind of needs the government to survive because it's kind of superior.


Title: Re: Could crypto replace government?
Post by: oktana on August 01, 2021, 10:30:42 PM
Ah! No! Even to be a currency used by people, Crypto is struggling at that. It hasn't even done the best of itself, let alone to be something different. Just simply see Crypto as an Investment, Currency, or Store of Value. Outside this, it can't really operate. Spiderman doesn't have wings but he's still a super hero. Lol


Title: Re: Could crypto replace government?
Post by: Luqman on August 01, 2021, 10:53:18 PM
You are too much thinking about what McAfee said. He just made a controversial statement to attract people's attention. I suspect he isn't serious when he was saying that statement. Every person who can think normally should be aware that the government is irreplaceable. There is no way to replace the function of the government in regulating the system, especially in the financial aspect. It is impossible for the government to adopt totally decentralized system on crypto. There should be a centralized part to ensure the security of the financial sector in a country.



Title: Re: Could crypto replace government?
Post by: Hippocrypto on August 01, 2021, 11:18:55 PM
Actually, this idea about replacing Government was exaggerating to hear and this really so annoying because only terrorist groups wanted no leaders to rule the country. Cryptocurrency is our comfort zone if financial freedom, we can't just take exceptions from control. We can't move if government currency will be removed from the circulations of economy. If we rely on cryptocurrency all alone, there's no regulation that put everything to harmony and there could be sudden collapse of economy which we don't want to happen.


Title: Re: Could crypto replace government?
Post by: posi on August 01, 2021, 11:59:24 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?
You don't explain the McAfee statement you remember but crypto was not introduced to replace the government. It was introduce as an alternative and a true signal of democracy.

Could such a system of government work?
No. Though it works in some areas not all cause the government will never support an anonymous project and you shouldn't forget that there are some people which their intentions was to abuse the decentralized system.


Title: Re: Could crypto replace government?
Post by: mrongoz_imut on August 02, 2021, 01:11:51 AM
can bitcoin replace government? I don't think so, because if bitcoin takes over the role of the government, it's very difficult, because we know the role of the government in regulating its people, it's really very tiring, because without a government the country will surely be destroyed, and can't be controlled, if bitcoin replaces the government, surely it's very difficult, and there will be problems with the price of bitcoin..


Title: Re: Could crypto replace government?
Post by: uneng on August 02, 2021, 02:18:08 AM
Could such a system of government work?
Probably not, because most people aren't able to take the decisions you mentioned. There are complex subjects governments face daily and there are specialized people to solve these subjects and keep the country working. If you put the common citizens to solve technical subjects through voting it is not going to work, because these people have no idea how things really work or should be done.
Also, a smart contract system like that would kill any secret intelligence service the country has, because everything would be public. Furthermore, a country like this would be really vulnerable to foreigner sabotage/influence. Extremist systems aren't a good idea and an extreme democracy is equally bad or even worse than a tyranny.


Title: Re: Could crypto replace government?
Post by: Fundamentals Of on August 02, 2021, 02:35:10 AM
No, this is impossible to happen. Pure democracy is even an illusion. It is an idea, a good idea, but is simply an idea.
Switzerland operates as a pure democracy. They are the 6th richest country in the world, per capita. It is a reality. Why not move that voting system to the blockchain? Why can the blockchain not be the "leader?" Most cryptos have a consensus voting mechanism. Why do people feel they need a figurehead?

If what is operating in Switzerland is pure democracy and it worked in reality, could it then be copied by any other country and expect the same result? If not, then I guess I should stick to my argument that pure democracy is an illusion. By the way, The perfect democracy does not exist – not even in Switzerland (https://www.swissinfo.ch/eng/directdemocracy/swiss-democracy-in-an-international-context_the-perfect-democracy-does-not-exist---not-even-in-switzerland/45578888). However, I fully support moving the voting system to the blockchain. That makes the process a world better. But I also admit that it isn't enough to make elections fair and pure.


Title: Re: Could crypto replace government?
Post by: Rruchi man on August 02, 2021, 02:38:53 AM
The answer to this is fairly obvious, crypto or no Blockchain can replace the government.

The system of government was established to maintain law and order and keep sanity in the society, the functions of government are numerous and of importance and it cannot be completely replaced by a smart contract.

Government is the foundation on which a country is governed and has been around for a very long time, it has faced so many challenges and issues, and it's way of governance/voting has been modified a lot to keep the system of society running. In my opinion, crypto has not stayed long enough for us to even consider it replacing the government.



Title: Re: Could crypto replace government?
Post by: fullhdpixel on August 02, 2021, 04:53:13 PM
Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?
Nah that’s not going to happen and you know that. Let’s say, imagine that there was anything that was going to replace the government, how possible is it to you that the government is going to sit and allow that after they have seen it? They are not going to allow it. I believe they are not fighting very hard against bitcoin or the cryptocurrency in general because they believe that it is not a threat to them at all.

So, I don’t see that happening at all. Though the one thing that has always bothered me is companies like Facebook, Google and the rest of them that are always using users information for their ads business. They really don’t care about their users since they are selling them to companies.


Title: Re: Could crypto replace government?
Post by: Liamttw on August 03, 2021, 08:24:47 AM
Encryption will not replace the government, they may use the advantageous encryption technology in their own systems.
The function of the government is to protect and supervise the people, solve emergency needs, and play a huge role in organizing and solving the problems of each country.  While encryption is decentralized, it is free and free from any manipulation, and the smart contract in encryption is not used in our daily life, it cannot replace government functions.


Title: Re: Could crypto replace government?
Post by: marilynmanson21 on August 03, 2021, 12:51:13 PM
NEVER, crypto will never be able to replace government, where the economy will not survive and thrive without the intervention of government supervision. not to mention the financial problems of each country which have their own complexities and problems where the government is responsible for solving them





Title: Re: Could crypto replace government?
Post by: glendall on August 03, 2021, 12:59:58 PM
if the government does not intervene, the country may be in chaos, where state finances will be out of control, there will be a lot of money laundering by its own employees, the value of the currency will be lost and worthless, but crypto and blockchain systems can enter the government to make work easier and evaluate using the platforms they offer


Title: Re: Could crypto replace government?
Post by: Wind_FURY on August 03, 2021, 01:07:24 PM

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.


Solve that problem first, only THEN can you ask if “crypto could replace the government”. With Bitcoin, it was first conceptualized by Satoshi that it’s 1 CPU = 1 Vote, but as mining became specialized, it has also cartelized.

But to the topic, I don’t believe crypto could, or will, replace the government, but it is removing the government from money.


Title: Re: Could crypto replace government?
Post by: cotton ball on August 03, 2021, 01:30:36 PM
NEVER, crypto will never be able to replace government, where the economy will not survive and thrive without the intervention of government supervision. not to mention the financial problems of each country which have their own complexities and problems where the government is responsible for solving them




It's true, as you said, my friend, bitcoin will never be able to replace the government, because the world economy will collapse and not develop, because we know that the government's role in managing world finances is very large, and heavy, if the world without governments will surely be destroyed ..


Title: Re: Could crypto replace government?
Post by: Obito on August 03, 2021, 07:31:44 PM
Nope, it can't and even if it does, what does crypto exactly do to manage the people and the ensuing chaos after deposing the current government. Plus, what we should worry more is that each generation, children gets dumber than the last time which will end up with lower critical thinking skills but I digress, I think crypto has it's limits and I don't think of any way that it can manage a country.


Title: Re: Could crypto replace government?
Post by: capcaypro on August 03, 2021, 08:00:33 PM
some of the specs you say sound pretty good but do you think it's just that simple? I think the government has thought about this carefully and of course they have prepared a strategy not to let this happen.
and when the government is not in a country, will the country be okay? I don't think so because there will be no balance to manage a government and everyone will have the nature to be a ruler and that will not be good it could even be very chaotic


Title: Re: Could crypto replace government?
Post by: carlfebz2 on August 03, 2021, 08:46:53 PM

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.


Solve that problem first, only THEN can you ask if “crypto could replace the government”. With Bitcoin, it was first conceptualized by Satoshi that it’s 1 CPU = 1 Vote, but as mining became specialized, it has also cartelized.

But to the topic, I don’t believe crypto could, or will, replace the government, but it is removing the government from money.
It is removing that pure centralized thing thats why they do really hate it and finding ways to suppress it but they do fail out into that manner and just like what others been saying about as long

government does exist then theres no way that crypto would take ahead. Centralized things will be always on the top but due to other options that we do have then at least we do have

already some option to take which would really be breaking those shackles of being traced or monitored and thats the main thing on why it is mostly been hated.


Title: Re: Could crypto replace government?
Post by: Connor Britton on August 04, 2021, 08:06:15 AM
Lets just accept that this wont become a reality.Yes, smart contracts is revolutionary but we cant really just deny that there are things which do works only on where government or in short in centralized things.

Just like been mentioned above by hatshepsut93 was actually on point.So dont expect that it would really happen and both things do function on different key areas.

Why would really pushing that it would really replace the government? Everything would have their own function of its existence.
Cryptocurrency is anonymous. I think that cryptocurrency can only be effective for some small countries if it wants to replace the government. If cryptocurrency wants to replace the government, then the governments of various countries will definitely suppress the cryptocurrency, and it will take time and the maturity of all technologies to replace the government with encryption.


Title: Re: Could crypto replace government?
Post by: JerryKin on August 04, 2021, 09:56:23 AM
Quite an imagination I'd say. As much as we want to believe that Bitcoin has a great future. I think this is one can't be a reality. Governance is meant to create and maintain order in a much larger and a disorder susceptible system. There's no way crypto would do all of these without being influenced by a third party. Thereby loosing it's integrity.


Title: Re: Could crypto replace government?
Post by: Taskford on August 04, 2021, 10:37:03 AM
Quite an imagination I'd say. As much as we want to believe that Bitcoin has a great future. I think this is one can't be a reality. Governance is meant to create and maintain order in a much larger and a disorder susceptible system. There's no way crypto would do all of these without being influenced by a third party. Thereby loosing it's integrity.

Especially crypto has no entity since no one holds it so for sure theirs no strong laws will make it as a legal replacement of whatsoever things we imagine. For sure government will still prevail since we know how strong the government is and if they see something strange which doesn't give them any benefits for sure they will put a regulation or maybe stop its spread on their country that's why we see some other country ban bitcoin since they don't want this interfere on their economic run.


Title: Re: Could crypto replace government?
Post by: Shenzou on August 04, 2021, 10:42:03 AM
Crypto and smart contracts could be a valid option to ensure the integrity of transactions and contracts, but to actually replace the whole government that is not something that i can see it happening, love it or hate it we elect government so that they may take decisions regarding things instead of us, but we can use smart contracts to monitor their decisions and the transactions that they do.


Title: Re: Could crypto replace government?
Post by: 5thFear on August 04, 2021, 11:51:08 AM
Crypto is not going to replace the government as of now. But it has opened up endless possibilities about the future and how the system is going to work. It actually is liberating the human beings from the slavery of these govt. Though the people think that the govt is for them.


Title: Re: Could crypto replace government?
Post by: dupee419 on August 04, 2021, 02:35:21 PM
Let's say that it is possible, smart contracts are not just that efficient for the world to be used, but it cannot be impossible for such a scenario to happen in the future, we may think that we are already advancing technology at its fastest pace, but we cannot deny the fact that we are literally just starting from an evolution, technology has been growing faster and faster through the years, just imagine how faster it'll advance in the next 10 years, it may be possible but governments play a big role, crypto alone and smart contracts won't just do.


Title: Re: Could crypto replace government?
Post by: BOAEDAN on August 04, 2021, 03:07:20 PM
can krypto replace the government, my answer is definitely no, one country if there is no government their country will surely be destroyed, we must believe the role of government in one country is very important, the government regulates all state finances, if the government is good the country will develop and the economy will continue to increase, but if the government is unjust, the country will surely be destroyed.


Title: Re: Could crypto replace government?
Post by: romero121 on August 04, 2021, 03:17:32 PM
Government is a group of people or a governing authority that rule the entire country/state/territory based on the law/act created and documented on different occasions.

How this could be replaced by the crypto ?
             The technology is a pathway that can make the government's function and operations in a much transparent way. To the fast moving world people give bribe to get things done on a faster phase. These things can be done in a transparent and in a organised manner. This way through transparency the government can be made to be more effective and not complete replacement.


Title: Re: Could crypto replace government?
Post by: jakdanyel on August 04, 2021, 03:44:00 PM
I don't see cryptocurrencies taking charge instead of governments in the future. I think that there will always be governments. However, we will stop using fiat money completely some day and start using digital currencies that are developed by governments.

I think that none of the cryptocurrencies can be the global currency of the world. If there wasn't the volatility, then I'd have started thinking the opposite way.


Title: Re: Could crypto replace government?
Post by: Yatsan on August 09, 2021, 11:53:59 PM
Of course not. Cryptocurrencies does not exist to oppose the law and the government who have created it. It just that there is still a difficulty on understanding on both parties making it real hard for government to allow it freely to be circulating on their country maybe because they are thinking for the sake of their people. But even such issues arises on different countries, this will not lead for crypto to get in charge and push away government. Nothing like that could ever happen.


Title: Re: Could crypto replace government?
Post by: Shasha80 on August 10, 2021, 12:46:15 AM
Of course not. Cryptocurrencies does not exist to oppose the law and the government who have created it. It just that there is still a difficulty on understanding on both parties making it real hard for government to allow it freely to be circulating on their country maybe because they are thinking for the sake of their people. But even such issues arises on different countries, this will not lead for crypto to get in charge and push away government. Nothing like that could ever happen.

Cryptocurrency was created not to fight the government, cryptocurrency only provides an alternative payment. Even Crypto is not to replace fiat,
so it is highly unlikely that crypto will replace government. Maybe there are those who think so, because there are still some countries whose
governments reject crypto. That's because the government can't control crypto and thinks crypto will threaten the existence of fiat. Even though
such thinking is not true, we can see what happens to countries that accept crypto, in that country crypto can co-exist with fiat. So don't
let us misunderstand the accusations that are not proven true, therefore it is necessary to learn crypto properly. So that there is no misunderstanding
about cryptocurrencies.


Title: Re: Could crypto replace government?
Post by: cotton ball on August 10, 2021, 02:18:10 AM
can krypto replace the government, my answer is definitely no, one country if there is no government their country will surely be destroyed, we must believe the role of government in one country is very important, the government regulates all state finances, if the government is good the country will develop and the economy will continue to increase, but if the government is unjust, the country will surely be destroyed.
I totally agree with your opinion, crypto will never be able to replace the government, because the government's role is very big, if the government is good their country will definitely progress, but if the government is not fair, the country will definitely be destroyed, let alone in the country, in one district If there is no government, it will surely be destroyed too, in a small family, losing no one in the family will surely be destroyed too, even though they have a lot of money, if there is no leader, they will not be happy..


Title: Re: Could crypto replace government?
Post by: mbe48 on August 10, 2021, 02:55:52 AM
To change the government will never be possible.. But I think your thinking is going too far and will not happen for now, but if implementing a blockchain system that can happen now it is possible to adapt it in financial security and that should also be in trials. There is still an introduction to using blockchain, so that the world community understands the system that is running.


Title: Re: Could crypto replace government?
Post by: Xinarae* on August 10, 2021, 04:04:07 AM
I don't think crypto can replace government because crypto is decentralized and many countries don't support it. Although blockchain technology has made it easier to transact fiat is more used in everyday life the government wants to control everything according to its own will the use of cryptocurrencies is limited to the online world and its use in the external world is much less. The argument for replacing the conventional fiat currency with cryptocurrency does not stand up to scrutiny whether the central bank will approve cryptocurrency as a medium of exchange is still unclear.


Title: Re: Could crypto replace government?
Post by: Ozero on August 10, 2021, 04:27:27 AM
Governments have many and many useful functions that no program can replace. If you transfer control of such functions to an artificial Internet, then machines will control people and this is very dangerous. It is better not to do such experiments.
Therefore, cryptocurrency is not able to replace governments, it cannot quickly solve various current problems of state structure and management, which the government solves every day.


Title: Re: Could crypto replace government?
Post by: Rajamuda on August 14, 2021, 04:27:38 AM
We know at this time Bitcoin is still being opposed by most governments from all over the country, due to certain concerns that it has taken into consideration. Crypto's role would never replace the government, the role of government is of course very more important, for all systems in it there are also many things related to it for the sake of advancing the country. And here crypto will only be a complement to the citizens of the countries, even though some still oppose it and judge it as something like a threat.


Title: Re: Could crypto replace government?
Post by: awik p on August 14, 2021, 05:13:44 AM
upside down statement I think, the government is the ultimate control holder in a country, and crypto can't replace it. we can see at this point where crypto is banned as a means of payment, and no one dares to use it or is going to deal with the law. but we are still grateful that we can still make money from crypto, and that is also what the government allows


Title: Re: Could crypto replace government?
Post by: S A KHAIR on August 14, 2021, 05:20:14 AM
It became a little advanced thinking. A vast adoption of Bitcoin may happen but, it has to be with the help of the government. If a country's government wants to ban Bitcoin, it can do so without any accountability. No government is dependent on Bitcoin, on the other hand, Bitcoin is dependent on Govt. for its adoption. moreover, Bitcoin was never made to replace the government.


Title: Re: Could crypto replace government?
Post by: VanityWallets2015 on August 14, 2021, 07:54:27 AM
Of course not, that's why it is called government it needs to govern. People voted other people to govern their society if the crypto replace the government then there's no one to lead us or govern us and of course it would lead to chaos, so people should stop thinking that crypto could replace the government or fiat since it would be impossible.


Title: Re: Could crypto replace government?
Post by: Kong Hey Pakboy on August 14, 2021, 08:01:09 AM
Of course not, that's why it is called government it needs to govern. People voted other people to govern their society if the crypto replace the government then there's no one to lead us or govern us and of course it would lead to chaos, so people should stop thinking that crypto could replace the government or fiat since it would be impossible.
Exactly, and it's not like crypto is the panacea for the problems that will be left behind when the government is removed or deposed. Plus, there are limitations to what bitcoin can do when it comes to solving social and political issues, can it defeat the corruption? No. Can bitcoin solve the rampant violence against women and children? No. Coincidentally, the government can probably solve those.


Title: Re: Could crypto replace government?
Post by: isaac_clarke22 on August 14, 2021, 08:40:24 AM
~
This is kind of similar when people back then discussed if Bitcoin will replace fiat or even gold. Kind of an absurd thread to discuss at back in the days, because Bitcoin is not regulated by anybody and government is all by means of regulation/s taking only the word itself.
From the looks of it, it will only exist along with fiat and government would still be there because otherwise there would be anarchy. :D


Title: Re: Could crypto replace government?
Post by: Tumanggor on August 14, 2021, 09:14:20 AM
I don't find a chance that crypto can replace government
the government will definitely do various ways to dispel crypto to replace them

Bitcoin was not created to replace fiat or the government. bitcoin was created to make it easier for us to make transfers and also unite all the differences that exist in the world
many poor countries whose currency is not in demand and only bitcoin can save them. bitcoin is the unifier of the world


Title: Re: Could crypto replace government?
Post by: dothebeats on August 14, 2021, 09:17:58 AM
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?

Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.


Title: Re: Could crypto replace government?
Post by: nicecrypto on August 14, 2021, 09:55:57 AM
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?

Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.

Right, but I think some people are overthinking what Bitcoin is and was supposed to be and do. Bitcoin is changing lives but as far as replacing fiat as I have seen some people speak about and replacing Government is still a long way off for me. On a global scale, the adoption of Bitcoin is still very little and until we have that global adoption and acceptance as Fiat is, it will still save as a speculative and Investment option. 


Title: Re: Could crypto replace government?
Post by: retnoanjani on August 14, 2021, 11:28:20 PM
bitcoin is indeed the best innovation today to overcome the shortcomings of the centralized system. but the purpose of the creation of bitcoin is not to replace, but to provide an alternative choice for people who like freedom and transparency, without complicated administrative requirements. Although effective, bitcoin also has drawbacks, so the use of government-regulated paper money cannot be replaced just like that.
why don't we expect the two to go hand in hand? why outperform each other when we can benefit from both?


Title: Re: Could crypto replace government?
Post by: DibiaVxosis on August 15, 2021, 03:23:37 AM
That was beyond thinking and futuristic but that won't happen. Governments will never allow this to happen, they might take some of the advance technologies and adopt it for the good.

But I just can't see that this is going to happen and a government will try to apply this with their system. Maybe for some small states and cities, they can do this but it's just too much to think of it.
The truth here is government wouldn't want to have anything doing with crypto talk more of using a system like this, the taught is nice and if it's been applied to our normal routine in an election surely there did be fair and corruption free elections, but no matter what the government won't even think of doing that even tho they see a light or great importance in it, and let's be realistic here the government itself loves corruption, say no more.


Title: Re: Could crypto replace government?
Post by: Xinarae* on August 15, 2021, 03:48:05 AM
I think that this will not happen in the near future, and they will develop in parallel. But in the near future, changes are inevitable.
Yes it is not possible in the future because crypto is not supported in many places it will never be possible for the government to remove crypto for its own benefit because no one can control crypto. It is not possible to change it but crypto is more profitable than government replacement currency.


Title: Re: Could crypto replace government?
Post by: sisikin on August 19, 2021, 09:36:09 AM
If encryption can replace the government. The government will take action. Governments of various countries may ban the use of Bitcoin in the country.


Title: Re: Could crypto replace government?
Post by: blue_nexus15 on August 19, 2021, 10:01:49 AM
I think this cannot happen. While smart contracts can enforce transactions or proof-of-confirm and bypass oversight and control departments. However, it is for the government that is the receiver and central manager of all categories related to a country. This is obviously contradictory and the government will never adopt it I guess.


Title: Re: Could crypto replace government?
Post by: Qirtov on August 19, 2021, 01:27:54 PM
I think this is hard to happen, it won't even happen. Yes indeed crypto is big and some altcoins have used the smart contact method, but this cannot be used as a reference for crypto to replace the government. Moreover, crypto is just a market that doesn't really live like humans. Government covers not only financial matters but includes many things that crypto cannot reach. All have their own advantages and disadvantages, both crypto and government.


Title: Re: Could crypto replace government?
Post by: Sanugarid on September 09, 2021, 12:50:37 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?

Definitely not, it is something that would never happen in the future. Maybe the popularity of cryptocurrency would be on a large scale and might bring up in the mainstream but it doesn't mean that it has the capabilities and power to replace a government. Moreover, they wouldn't want to use a decentralized type of system since it's out of their control.


Title: Re: Could crypto replace government?
Post by: Kittygalore on September 09, 2021, 01:16:30 PM
If encryption can replace the government. The government will take action. Governments of various countries may ban the use of Bitcoin in the country.
That's not how they work, any person with a common sense knows that bitcoin isn't an ideology or a form of government so if the government is worried about this then the votes for them to be seated is wasted. They may ban them on the grounds that it may threat their power.


Title: Re: Could crypto replace government?
Post by: excro on September 09, 2021, 04:32:43 PM
I think society depends on the government, even if citizens don't agree with the government. The world  would be absolute anarchy in my opinion.


Title: Re: Could crypto replace government?
Post by: mrongoz_imut on September 11, 2021, 03:21:07 PM
in my opinion it is very unlikely that bitcoin replaces the government, bitcoin is indeed good and can make our economy better, and now there are many companies that accept bitcoin, and there are countries that have legalized bitcoin, but if bitcoin replaces the government I'm sure it will never be possible ,, because the government's responsibility is not easy.


Title: Re: Could crypto replace government?
Post by: Dhoe on September 11, 2021, 03:27:19 PM
the reason the government doesn't accept bitcoin, maybe the government can't control bitcoin, because more and more people are using bitcoin, of course the government can't control the people who play in crypto, because bitcoin shouldn't be controlled by third parties, even the government can't control it. bitcoins..


Title: Re: Could crypto replace government?
Post by: Marvell1 on September 11, 2021, 04:37:07 PM
It definitely won't happen. No matter how good bitcoin is, once it harms the government they will find ways to suppress it. It's best not to happen. To replace the government, cryptocurrencies need more than just smart contracts. Although the government has problems that make us unhappy, we should not seek to eliminate them altogether.


Title: Re: Could crypto replace government?
Post by: Fortify on September 11, 2021, 06:10:20 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?

In an ideal world, maybe this could work, but people will never allow it to happen. People both hate and need politicians to take difficult decisions, because they simply want to get on with their lives without having to ponder the difficult questions all day long. That is why politicians are paid - it is their job to answer such questions, whether they do it correctly is a different matter. Now you could have voting for elections on the blockchain but it needs to be verifiable by officials because it will likely be targeted by third party actors/states who want to damage their enemies in such a way. It also doesn't solve the information problem, where all voters need to be fully informed before making huge decisions.


Title: Re: Could crypto replace government?
Post by: jakasantosa on September 11, 2021, 07:43:07 PM
Could such a system of government work?

I don't think that's possible. It should be noted that a country and its government have areas called traditional which can only be accessed manually. because it's traditional, they don't need a smart contract.


Title: Re: Could crypto replace government?
Post by: Kusman on September 11, 2021, 07:47:29 PM
I don't think that smart contracts would be enough for doing all the things in the world. And I don't even think that cryptocurrencies would be able to replace fiat currencies in the future, I mean the volatile cryptocurrencies of course. Governments don't even lean towards them as it is very risky considering the economy a country. For example, Bitcoin is not only volatile but also has a limited supply. This means that all of the Bitcoins in circulation cannot be enough for all people in such situation.


Title: Re: Could crypto replace government?
Post by: swiftxi on September 11, 2021, 07:52:56 PM
A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government?

Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.)

If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy.

Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.)

Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous.

Privacy would again be valued.

Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto (https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/).

Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries.

Could such a system of government work?

The fact that a single group of psychos dont controll all the finance in the world. Is an achievement.That said, not all parts of our lives can be controled by machines.


Title: Re: Could crypto replace government?
Post by: Blowon on September 11, 2021, 09:59:00 PM
That's going to be hard to happen. Because they hold power, even if we have a lot of say to make it. They will use their power to be irreplaceable with cryptocurrencies. But, it is better if cryptocurrencies can be accepted by the government rather than replaced.


Title: Re: Could crypto replace government?
Post by: Gyfts on September 11, 2021, 10:09:52 PM
Crypto is strictly an economic system with a hands off approach, you can't conflate the economic system and governmental system of a country. Capitalism is a tenet of democracy, so unless you are looking for anarchism, you still need centralized government. There still remains responsibility of government outside of the economy.


Title: Re: Could crypto replace government?
Post by: iTradeChips on September 11, 2021, 10:41:14 PM
Government is the administration of territory, nothing to do with Bitcoin. Bitcoin is an asset or a digital currency whatever you want to think about it. Not really sure if the OP thought this very well, but I still thank him for bringing it up. The only thing humans can create and can have the capability to govern is through the technology of A.I. Now combining crypto and A.I. is a different thing altogether. You give more value to those technologies and possibly combining these two can give their human masters power. Now crypto cannot replace government, but it can be facilitated so that a regime change can happen.


Title: Re: Could crypto replace government?
Post by: verita1 on September 11, 2021, 10:43:13 PM
As long as governments do not ban the use of bitcoin and cryptocurrencies.
We have the freedom to choose, the ideal is that our countries are crypto-friendly for us to move forward.
It is also important that businesses of all kinds also enter the game because we know we all benefit.
We already know what is happening in El Salvador, with bitcoin as legal tender all remittances now they will become bitcoin. In 2020 El Salvador received 6 billion dollars, the nation seeks to boost its economy with bitcoin.

https://www.cnbc.com/amp/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html?__twitter_impression=true (https://www.cnbc.com/amp/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html?__twitter_impression=true)


Title: Re: Could crypto replace government?
Post by: TinaK on September 11, 2021, 10:48:10 PM
Government is the administration of territory, nothing to do with Bitcoin. Bitcoin is an asset or a digital currency whatever you want to think about it. Not really sure if the OP thought this very well, but I still thank him for bringing it up. The only thing humans can create and can have the capability to govern is through the technology of A.I. Now combining crypto and A.I. is a different thing altogether. You give more value to those technologies and possibly combining these two can give their human masters power. Now crypto cannot replace government, but it can be facilitated so that a regime change can happen.
Because of the fact that bitcoin is decentralized and no one will change on it and we are free to use bitcoin whatever we want. It is free from manipulation by the governments that are why government always has hate on this crypto because they know it is hard to put a tax on cryptocurrency. Government and crypto are totally different, the government cannot change crypto but crypto will definitely change the government's progress status. I don't think if there is a chance that crypto will replace by the government.


Title: Re: Could crypto replace government?
Post by: carrigan on September 12, 2021, 02:06:34 AM
I don't think that's possible. Crypto is a digital currency that everything in the world cannot be controlled by it, so it is impossible for crypto to replace the government. Crypto excels to be used as an investment, especially with one of the coins that has a large value, namely Bitcoin and several altcoins. So stop thinking crypto will change the place of government because this can be said to be almost impossible.


Title: Re: Could crypto replace government?
Post by: tygeade on September 12, 2021, 05:52:01 AM
Cryptocurrency cannot replace the government, first of all you should ask yourself what is cryptocurrency? crypto is just a thing,while the government is the people. And we delete cryptocurrency is built, it is decentralized.  so if we are to assume that cryptocurrency is going to replace the government, then we are saying that there is not going to be any government, since things are going to be now decentralized. And remember a place where there is no rules that means people will be forced to misbehave.

Rules are needed to guide us in whatever we are doing and in a situation where there are no rules to guide us as human beings we tend to misbehave and do what’s not right. Although I do understand that the government themselves also do the wrong things at times, but we ourselves are the ones who voted them into power, so I believe if we are able to vote the right people into power and also stand for a right then things are going to be OK.


Title: Re: Could crypto replace government?
Post by: Pulsar77 on September 12, 2021, 06:24:12 AM
I don't think that any cryptocurrencies existing or to be released can replace government. You can't do all the work with smart contracts. At some point, you will need the government to handle the rest of the work. Digital currencies cannot replace governments but they can and will replace fiat currencies in the future.


Title: Re: Could crypto replace government?
Post by: lrody0 on September 12, 2021, 07:01:39 AM
i think it wouldnt happen government is very important to our country


Title: Re: Could crypto replace government?
Post by: blckhawk on September 15, 2021, 03:09:04 PM
i think that crypto will not replace the government, because crypto is not capable of domestic or international issues. there are many things that the government do that crypto will not able to do, like implementing laws to govern the people within the country or settling international or domestic disputes. the government is made for a reason and replacing it will not be easily done especially by replacing it with cryptocurrency.


Title: Re: Could crypto replace government?
Post by: Assface16678 on September 15, 2021, 05:00:23 PM
The fact is that the economy wouldn't survive without the supervision of the government. No currency could replace or take over the government because the government has a huge role in organizing and solving each country's problems which any currency couldn't do. The cryptocurrency couldn't work well either without the government.

Exactly, I can't even think of any reason for us to replace the government as we needed it too in order to make the crypto legal/ specially in other countries where it is ban/. What they need to focus now is to develop it furthermore for the future and maybe after stabilizing it we can use it as the daily currency and through the help of government they can easily let the people use it by just issuing a tax on it. The two concept need to co exist.


Title: Re: Could crypto replace government?
Post by: bandungan on September 15, 2021, 10:54:20 PM
it would be impossible if bitcoin replaced the government. bitcoin is only limited to use in the crypto world and currently bitcoin for application in the real world is still very small and simple. I think if you want to change the system of government, you must really have members and good management for the management of the country. however, for bitcoin it does not meet any conditions