We do not need government and bank any more

[justaminute]

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 suppose that sooner or later, some crypto-currencies will become legal means of payment. They will exist along with the fiat currency. In this there is nothing dangerous for the world financial system. Time will tell...

[AlphaGoo]

This may be a very far-sighted idea, but I think that the distance is very long, it may take 200-1000 years, and this is not too much relationship with you, so I think this is impossible.

[sunshinee0900]

Before the blockchain may not be dependent on government, the government will find ways to control electronic money first. E-money involved in payment activities must also be approved by the bank.

[ivanklich]

It is not sad, but governments and banks will still control the blockchain and cryptocurrency. Look, it's happening now. Some countries have already successfully regulate the cryptocurrency.

[nicole74859]

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.

[elysion]

You are right about that. Blockchain's popularity icreases via technological improvement. It is likely to be what you said in the near future. But, for now, we can not ignore governments and banks about monetary transactions.

[jennyluwariz]

The simple logic behind the Government not involved in crypto because the country currency rate falls down when they encourage the cryptocurrency. that's the reason the govt try to bring regulations to regulate the flow of the currency. as it is not owned by any government, they can not consider the transactions as illegal but they can regulate it.
If in case, Govt and banks are involved in the Cryptocurrency and they monitor the transactions, In India, already many of the Banks are not allowing Buy and sell through Debit or credit cards. Coming to BFSI, if we want to do a cross-border transaction, the bank charges away high and if the same transaction does through blockchain, their profit reduces. But many countries Govt already started accepting Cryptocurrency as the regular currency. In few countries, it is completely regulated and they are banned to do Cryptocurrency transactions.

For now, we can not ignore banks for cryptocurrency related as we need to use any of the payment mode in order to purchase or sell cryptocurrency.

[indobitcoin.tk]

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.

with the advancement of technology, there would indeed be more effective in all affairs. However, the role of the Government and the bank will remain important in this kind of thing. If too rely on the technologies I think are quite good and will not necessarily be so it would be a stupid thing. where the role of Government and banks remain to supervise. the technology used to aid human work easier, not replace and dispose of them.

[alice.smith38]

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!

[blue08]

For me we still need government to lead the country and to implement the  laws of land and it goes the same for the bank.. We still need the bank where we save our emergency fund and savings because we can not rely on  cryptocurrency most of the time for emergency situaiton  especially when the market is down unless you wanna sell your coins at loss.
However, in terms of our investment with cryprocurrency, I also agree that we don't need them to regulate our profit..

[tobaccoleaf]

Yes, now we will have the opportunity to create a completely decentralized, self-regulating society.I hope we take this chance.

[sdifuasjnz8888]

No, future crypto currencies must coexist. Government banks will also participate. They will not ignore them, they are rulers, and rights protection is their protection. When the new monetary system is born, do not underestimate the previous monetary system. Moreover, the government is often mad

[mmo_online_1981]

We still need banks and government because Society is always unfair.
Digital money only deals with some aspects of commodity exchanges, which can not completely change banks and financial institutions.
I think so!

[Bay_Harbour_Butcher]

I do not agree with you, of course the government and the bank is still very in need, because if the crypto in the regulation by the government, and legalized, crypto must be more and more demand, because people already feel sure will feel safe. then bank, we can not eliminate the bank in a country, the bank has many advantages over crypto, not only a place to deviate money, but also as a place of loan funds, home loans and others

[lovewatchingfilm]

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.

[suakecolime]

t's a bit ealy to deduct that but mostly government and banks are parasite on the people. We can replace banks with crypto and the current government should be replaced by a people centric government that doesn't punish people to make a profit for their advertisers.

[dalimex]

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.

It's too early, we still need the government and the bank. Whatever you currently do still depends on the two institutions. In the future may be possible.

[Orrechorre]

Without the government the country you live will be in chaos, imagine everyone making it's own rules, that is not a country but a jungle, without the bank you will have great inflation and deflation every day, without the economic stability the country will falling apart, even blockchain triumph we still need the government and bank involvement in a country

Yes, I agree with you because I think with the support of the government, then crypto can become more accepted and people will have more trust in it and it will also help to expand the coast of it.

[Sier86]

so funny to read such threads. you cannot do anything without government and banks, or proof to me that you can - live without your passport and fiat money for at least a year, using crypto. No one is affraid of crypto currencies,they could be banned easy and next day you will see crypto price at 0.00001 usd per 1 BTC.

[Chirs]

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 do not know, that I know we live in a government-protected country, governed by the government.
Bank is a government institution that deals with finance, can not be abandoned.