Re: Does it even matter if governments and banks accept cryptocurrency?

Quote from: dothebeats on October 19, 2018, 02:06:00 PM

Quote from: Ladysmith on October 19, 2018, 01:45:03 PM

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.

Why so? Do you think it's easy to topple governments just because AI and blockchain is taking over? I don't think so. We only need the governments and banks approval because they run the whole economic scene; their approval is somewhat valuable if we want to continue using bitcoin and other related services connected to cryptocurrencies without any restrictions and unfair limitations. They don't necessarily need to integrate bitcoin and cryptocurrencies in their infrastructure, but having them approve the existence, trade and exchange of bitcoins and other cryptocurrencies is a huge plus for the confidence of the masses who would want to try it out.

That's correct. some people think that governments don't have any value at all because of the emergence of Crypto Currencies and blockchain technology but these people are absolutely wrong why? because when these governments that they call useless or anything else like that are the ones that let them use Crypto Currencies and if these governments prohibit their citizens to use this kind of innovation and technology in our monetary and payment system there is nothing we can do about it but to follow and obey the rules they created. Imagine if all of the countries in this world prohibit the usage of Bitcoin and other forms of Crypto Currencies, there will be no trades and transactions that will happen and this industry will surely die. Cool