Post
Topic
Board Bitcoin Discussion
Re: Could crypto replace government?
by
AniviaBtc
on 01/08/2021, 05:48:53 UTC
No. Smart contracts can't do everything in the world, in fact they can do very little. Ethereum and other smart-contract platforms aren't used in real world like it was envisioned, they are used for creating tokens and trading them, that's it. The DAO promised to revolutionize companies, and it just died at launch due to bug, and no one tried to relaunch it, because they understood that it was a stupid idea.

It is more like it just helps the people to have financial freedom and have something to fight inflation and poverty.

Support from a certain project is what most of the companies lack of, they are just abandoning the process when they see nothing more out of it just like what the DAO did.

Sometimes, application in the real world set up is what most of the people are looking for in a certain project in a platform and it is hard to focus on that when it comes to cryptocurrency.