We do not need government and bank any more

[Lhez]

I strongly disagree on this statement since Government takes a major rule when it comes to regulation of laws and part of these is regulating the security in financial transactions and processes. Though Government has no direct participation when it comes to decision making on a some private agencies and sectors especially financial institutions but almost all entities are adhering to Government rules and policies protecting consumers rights. I believe we still do need banks. though concurrency is taking its roles but Banks are already stabilized and are still making innovation and can even join or enter in crypto currency.

[Melnikof]

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 often think about all that too. We live an amazing life of changes and we shouldn't be afraid of them, on the contrary, we must accept these changes and enjoy the way they make our life better! Now we know about this technology but don't notice its influence in our daily routine. I can't wait the existing state of things to change!

[AngellSky]

It is still too early to talk about this. We see how any negative decision of the government can bring down the course of bitcoin. Very few people are now in the cryptoindustry. We live here and it seems to us that we are many. But go out into the street, ask people about bitcoin, blockchain. Few people will answer you

The fact is that not only the banking system but also many government agencies are already beginning to work with the block chain technology. This, in turn, will positively affect the legalization of the crypto currency. That's just what legalization will bring to us, it's very difficult to guess.

[tazman]

We need this government and banks, without anything to opposite in that. Banks there to hold and manage peacefully fiat

[TechnoBibble]

I will say yes, but there are still long way to reach that milestone, but hopefully it may happen because crypto value and identity is getting higher everyday

[dbstmddhks]

Unlike the bank, the money here is not stored in one place, but distributed throughout the network. A person to himself is a bank, an accountant and even a notary!

[evichi]

Blockchain is the next big thing happening. A number of establishments are adopting the technology to increase transparency, trust and security. it will take sometime before Blockchain is implemented in all areas of human activity. A revolution is gradually emerging to take over the way we do things.

[uletkeket]

I don't think so. If we don't need government and bank when we lose our crypto balance where we will complain we din't know. We still need government to make a rule about cryptocurrency.

[Just John]

Despite the fact that cryptocurrencies have given us a way to store and keep our own money by ourselves that does not mean that governments and banks have become useless, who will keep and enforce the law? Will your cyptocurrencies keep you save from burglars and robbers and such? We do need governments

[maydna]

I think we cannot eliminate the government and the banks right now because cryptocurrencies are not yet used in all countries and besides that, crypto is not the same as the government. the crypto is like a system online which covering all transaction but it could run without anyone can control but for now, the crypto cannot use in our daily need so we still need the government and the banks to control our daily life regarding in the economy of each people in all countries.

[Yagami nunnery]

Yes, I think the same way as you think why many countries prohibit Bitcoin because the governments of these countries cannot benefit from the Bitcoin industry. This is the reason why they prohibit Bitcoin.

[blizzard31]

In my opinion, with the unstable state and fluctuating value of the crypto we cannot eliminate the bank because first and foremost there is no assurance in the cryptocurrency. Secondly government is one of the building blocks of the society without the government there will be no uniformity.

[Nimbusrf]

maybe we do not need them, but we live where there is, and the government and banks and this will not go away.

[kenmobility]

You are right mate, but Governments are not just afraid because of its decentralized nature, it also has demerits, its lack of regulation and control seem to make it usable by hoodlums, terrorists, scammers, etc. I believe those are one of the reasons Governments are fighting against it.

[kakaword]

Yes, the existence of Bitcoin has brought us a lot of convenience. I hope that the industry can develop better and better. Maybe in the future it will replace the bank as a new universal currency, then banks will lose it. effect.

[cheezcarls]

I think some banks embrace the blockchain technology, as they want to ride on with the trend. There’s Unionbank in the Philippines where they make their first move to integrate with blockchain. As for most banks and the government, they do not understand the technology behind the disruptive blockchain while others do. It is true that due to being decentralized, the banks and government have no control over it.

[shadowduck]

in my opinion, this is a very controversial statement. the Bank and various financial institutions are now just beginning to deal with cryptocurrency. Yes, really like this system. but no one knows what will happen in a few years, perhaps the banks will stop doing it.

[Pet240]

Well, i think no matter how advanced cryptocurrency might be or how much people might be using this promising technology known as cryptocurrency or blockchain, we will still need government and banks. We need government not because of bad regulations, but for the regulations that will help to foster more development of crypto. The impact of banks for out Fiat cannot be underestimated.

[Aleksandr_ov]

control is needed because the market is not regulated, it is impossible to track, the teams are not experienced, they undertake obligations, but in fact the rats, and the regulator can give at least some control!

[Lemayilleur]

Unfortunately, while we can not completely abandon the cash we are accustomed to, because the crypto currency can not be used in all spheres of life necessary for us, it's just inconvenient!