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Author Topic: Could crypto replace government?  (Read 725 times)
lrody0
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September 12, 2021, 07:01:39 AM
 #101

i think it wouldnt happen government is very important to our country
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September 15, 2021, 03:09:04 PM
 #102

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.



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September 15, 2021, 05:00:23 PM
 #103

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.

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September 15, 2021, 10:54:20 PM
 #104

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
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