Why the Government is UNABLE TO BAN CRYPTOCURRENCY

in #crypto6 years ago

Brief rundown. Before blockchain, if you wanted to send a resource to someone you did not personally know and trust, you had to rely on a bank or some kind of authority to create a link of trust between you. The world now has a DIGITAL WAY of creating trust! We do not need banks anymore to create trust, and they do not deserve the money and power that they currently have!

Now, on to government! The government extends beyond just sending money or resources to each other; it is a way of building trust between strangers in an ENTIRE ECONOMY! This includes basic things such as peaceful co-existence, which is why the government controls the CRIMINAL CODE! They also control the taxes, how much money we should all give to the people that run the ECONOMY! But why should we trust them!?

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In the world we have today, we are already seeing people become unhappy with the government, as shown by the CalExit movement. For those who don't know, this movement is about California splitting away from the United States and instead being run by technology companies who will be more fair with taxes. When automation takes over, if something does not change, many people will be out of jobs, and the tech companies are trying to solve the problem before it even starts.

There are some crypto elite who are starting to form a community in puerto rico, where the laws for crypto are favorable. Using their new wealth, they can build a new society over from scratch and run things free from government influence.

What is the future of all of this?

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I believe that EOS provides the answer through the idea of a DAC ( Decentralized Autonomous Community)

Hang on for next time, I'll dive deeper into how DACs can solve the problem of government once and for all.

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