Post
Topic
Board Bitcoin Discussion
Re: Does it even matter if governments and banks accept cryptocurrency?
by
basyang
on 23/10/2018, 23:13:12 UTC
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.



Yes it does. Government acceptance in cryptocurrency is a  big impact in the industry of cryptocurrencg because it alloweding some transcation of Bitcoin and other cryptocurrency legally and it is a great improvenment also in their market economy. If Banks accepted Crypto then it is a great collaboration or partnership they will do to do a better transactions to the people and it will gonna be convenient also.