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Author Topic: We do not need government and bank any more  (Read 2107 times)
Brianna20487
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June 25, 2018, 01:48:50 PM
 #501

The bank is a gigantic financial institution throughout the country, but they can not offer services to all people in the world. That's why cryptothermia is banned in many countries, as governments see them as a danger. The government wants to control us, but now they can not do this anymore.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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meomeo989
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June 26, 2018, 09:30:11 AM
 #502

It is extremely difficult for me to imagine a world without government and banks. First of all because if there is no government there is no control and regulations which means people have to be smart and morally stable enough to live and use the freedom they would have.
cctv0
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June 26, 2018, 09:37:14 AM
 #503

This is not the case. I do not agree with your point of view. Humanity cannot live without government, and the world will become confused. Do not imagine it. This world can accommodate cryptocurrencies. But this cannot be without the government.

thanhly0760
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June 27, 2018, 08:22:26 AM
 #504

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.
magnat7691
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June 27, 2018, 08:25:08 AM
 #505

Of course, the government and banks exert some pressure on citizens, but without their participation a full-fledged society is not possible.

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June 27, 2018, 08:29:18 AM
 #506

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.
but they can't do anything about it. but they have long been looking for opportunities to control the situation.

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June 27, 2018, 08:30:36 AM
 #507

That`s so true. With crypto currency, all borders disappeared.
Dyanggok
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June 27, 2018, 08:32:16 AM
 #508

Bank is giant financial institution in all country , but they can not offer  service to all people in the world like poor people who does not have ID and unbanked. And this world there are more than 2 billion people still unbanked and blockchain technology give solution for them. That no need third party like bank to send and receive money.

This is the case. Third world countries had a lot of people that doesn't have any access on banking because of the lack of requirements. We need a global currency that we can trust. Most of the people didn't trust centralized party to run it so major cryptocurrencies solve this because of being decentralized.



Bosmuda
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June 27, 2018, 08:37:27 AM
 #509

We will still need them, they are made to make regulations and controlled a lot of peoples inside. If they are gone then no body could control the situation and it will chaotic.
izza123
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June 27, 2018, 08:46:33 AM
 #510

Crypto-currency does not need banks for the simple reason that blocking is our future. with it you can perform various operations faster and cheaper, besides the distinctive advantage of the block registry is a high level of security.
minhkhoa1990
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June 27, 2018, 08:47:13 AM
 #511

I agree with you . Crypto is being banned in some countries. Because the government can not manage crypto and they do not get much from crypto. So they decided to ban the crypto
steins19
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June 27, 2018, 08:50:11 AM
 #512

I agree with you but I think it is to early to tell goodbye to banking and paper money because there are still glitches to the overall design of blockchain that needs to be improved.

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aleksnutis
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June 27, 2018, 09:29:47 AM
 #513

I don't like banks and government for their antisocial activities. But we need to recognize what we cann't do without them. Unfortunately banks are now present in human life as deeply as possible.
Oldcoolboy
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June 27, 2018, 09:34:20 AM
 #514

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.
If there is no third-party intervention and there is no government intervention, this is unrealistic. This situation is not what we want to see because it will completely distort the market and become a gathering place for fraudsters and criminals. This is a fatal blow to encryption, and such a market cannot be developed very well. We need government support. Crypto can be accepted by more people.
Fourgh
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June 27, 2018, 09:38:57 AM
 #515

We still need government to govern and implement the law. It's basic, but for the banks we can live without them. Though bitcoin and taxation still has a long way to go in terms of technicalities and legalities; I believe that someday crypto currency can be a means of buying properties straight from your online wallet in the future. Some countries are aleady embracing Bitcoin. It may take some time other countries to follow through.

rockybar
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June 27, 2018, 10:18:50 AM
 #516

as of now crypto is still developing and slowly by slowly its implemented on some company and industry. but time will come people will not need fiat and bank at the same time. blockchain technology will change everything because of it's p2p transaction and transparency for everyone.
lutcor
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June 27, 2018, 10:22:10 AM
 #517

Yes, with the help of blockchain technology, we really can refuse banks, but I do not think that we can refuse state affairs, because they also need to be engaged and this should be done by man and not by robots.
@tutrinhanh
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June 27, 2018, 10:28:10 AM
 #518

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 fully agree with you, we need to promote the cryptocurrency market to more people, and as such, we contribute to accelerating the transfer of cash into cryptocurrency.
CaptainKid
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June 27, 2018, 10:28:49 AM
 #519

I don't like banks and government for their antisocial activities. But we need to recognize what we cann't do without them. Unfortunately banks are now present in human life as deeply as possible.
Yes, at the moment we really can not abandon the banking system, but in some developed countries, banks and the economy do not hamper the development of crypto-currencies and the introduction of technologies that are related to them. This combination can contribute to the development of the country's economy and innovative technologies.
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June 27, 2018, 10:34:26 AM
 #520

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.

All these words sound good, but the author must forget about whales in cryptocurrency market which are regulating the most of this market. Currencies' rates, trading volumes and so on. So there is no way to get away from control, whether from real life parties or virtual ones.

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