Will Cryptocurrencies Make Governments and Central Banks Obsolete?
I was just recently featured on a PressTV special mini-documentary with several other anarchists including Roger Ver, Jeffrey Tucker and Sterlin Luxan to talk about the technology behind bitcoin, as well as to respond to criticisms and attempts to manipulate public opinion about bitcoin from the likes of Jamie Demon and IMF Managing Director, Christine Lagarde.
One thing you may notice in this show is that the price of bitcoin is quoted as being in the $4000-6000 range. It just shows you just how quickly the cryptocurrency market moves - considering that the documentary was filmed about a month ago and as of today bitcoin is worth more than $8100!
In bitcoin or cryptocurrency, a lot can happen in just a few days time!
One of the nice things about this PressTV feature is how anti-government focused it was. It is quite rare that any program on television would allow such “extreme” and “radical” viewpoints as those of anarchists who are against violence and extortion being used against peaceful people.
I thought it turned out very well and is an excellent and informative news piece that both newbies and bitcoin veterans would enjoy.
You can see it here:
Roger Ver, Jeffrey Tucker, Sterlin Luxan, myself and hundreds more anarchists will be at Anarchapulco and Cryptopulco this February 15th - 18th. And stay afterward also for the TDV Internationalization & Investment Summit on February 19th.
Definitely bringing us closer to anarchy. :)
Thank You , good pick me up words.
I feel better now
It will change the game. Resources will be distributed differently.
Cryptocurrencies definitely have the power to make governments and banks obsolete, but the power comes from the people. We have to be diligent in promoting decentralized systems.
I agree.
when you promote, it's actually a vote! HA
I love this philosophy of "everyone being his own boss" but as long as we have governments and financial institutions whose bosses fund our governments, cryptographic currencies would remain an alternative means of payment. They'll gain adoption better as store of value
crypto will HELP...there are a great many other developing disruptive technologies that will assist in making large organizations obsolete.
Let's hope so... cheers!
Blockchain technology will certainly make them obsolete. I'm looking forward to see more innovations.
Did the Bitfinex Players read the EULA before ticking yes?
Gov are imho useful to provide a control system (police+military) and tax management. But I can't list any gov who do that efficiently and without corruption but I can list many govs who can maintain order and prevent chaos.
Govs will be imho and in a near futur merged and then replaced with (putted on) blockchain technology to increase the proximity/interaction of the managment unit and guaranty corruption free and very direct democracy. But it must come with descentralized healthcare and physical services along with the descentralization of media to avoid being able to corrupt too large opinions and education ABSOLUTELY SHOULD teach critical thinking to have independent (intelligent) people who can detect and correct issues.
WE DID UPVOTE THIS POST
This is just what we need to do , talk about it, share information like this.Thanks @dollarvigilante
Bitcoin and cryptocurrency will have its ups and downs, it’s a real market. Buy on the dips sell on the highs or just hold on, I have been a silver bug for years, pretty much new, maybe one year now of following crypto, but I know a good thing when I see it and this article gives the realistic world we live in, it’s funny how they talk about a crypto currency system that has no backing or accountability, really???
Pretty much what fractional banking is.
I know that you should invest in Gold and as I always say, especially silver.
But crypto isn’t going to crash, I see Bitcoin easily reaching 9000 in another month or two, if it hits 10000, it’s going to have a pullback and then head toward 15000 rather quickly, alt coins will follow, maybe not as fast but they will also go higher......they Dollar....will continue to lose value of the 3 cents it’s worth now.....what’s in your wallet??!!?!!