Government VS Crypto: The "New" War Of Worlds?
A Static Institution
Government will always remain corrupt, not because it is centralized, but because it is an institution with a static framework that molds or bends people to conform to its rules. Democracy is somehow meant to be the government "of" the people, but Overtime it has formed a certain tradition, the mentality of governance is being passed on from one individual to another thereby creating a certain kind of influence no matter the change in individual, personnel or people. This, however, isn't the reason for this post.
For example, the personnel in government changes every four years (in some states) but the stance on government on things like crypto, economic framework or even revenue generation still remains the static. The Nigerian government for example has remained anti-crypto for a very long time and if there's a change in power, how come these same people too suddenly become anti-crypto? It's the system. For example, there's the notion that Crypto will destroy the Naira, or be the end to the superiority of government when it comes to the degree or level of control they can wield.
Government VS Crypto is the latest war of worlds, this is because almost every government of the world is anti-crypto at the moment and the only reason why it isn't so obvious is the degree or level which it is being expressed, either through the banks or through monetary and financial policies.
In Nigeria for example, the launch of things like e-naira, the financial Incentivize to hold naira, or the ban of crypto through the commercial banks is all a bid to stifle the growth of crypto. The SEC in the US, for example, is a body establish to regulate crypto activities. The funniest thing here is that most of these organizations are static, democracy is a government that's been taken over by oligarchs, monopolists who become wealthier by benefitting from the ignorance and cluelessness of people.
Economics Vs Politics
Furthermore, government is not sophisticated in nature, the system is static and not participatory as well. People who are true economic geeks are not given a shot when it comes to governance. Back in the days it uses to be parliamentary in nature where you have a head of state and of government. If you study the trend of government, it has become less participatory and more inclusive for the old guards.
To rule a state, a person should have an in-depth knowledge of politics and economics, but the latter is being kicked out, while the former is currently championed to the letter and this is why most states are economically inept and struggling to follow the trend of technology as it influences so many economic concepts and shatters many monetary frameworks that are only textbook but hardly functional. One of the reasons why government might forever frown against financial dependence free from the clutch of the system is that government needs the participatory aspect of people to remain powerful and wealthy.
There's no blend to government, the world is governed on the basis of political parameters, and this is why many African states might remain really poor for a very long time. Their means of generating income is strictly politicalized, Their leaders follow the same system erected since their independence, failing to change it because it suits their thievery and embezzlement.
Government would have to be dynamic to actually understand the role crypto will play in changing so many rigid monetary ideologies that are redundant as well as mundane. But the truth is, money, means and opportunities means that people will develop more choices, they wouldn't have to be totally dependent on the system to provide them jobs or essential commodities, Crypto would form a virtual community of empowered individual, making it seem like a loose Confederal government with no recognized entity or power at the top.
The War Of Systems: Government/Crypto
Government believes that when people are capable, especially financially, they'll have no need for the system, hence the people will be more powerful than the machinery itself. This is particularly the case in a place like Nigeria. While government can easily generate money on its own, they'll need the people to maintain the ultimate status of lord and ruler, and this is juxtaposing considering that democracy was supposed to create equality between the system and the people. Financially, this has been daunting. The truth is, crypto has become a big player since the inception of bitcoin and has since then threatened to create a shift in balance.
The question remains: would we attain a world where the government will succumb to the sophistication and advancement of crypto and how it changes so many economic narratives?" I totally doubt this because the government as a machinery itself is not dynamic and prone to change due to how the current system is solely beneficial to it, and it's personnel. Nevertheless, there's no changing how far crypto can go, it's like catching the wind, the battle will obviously still continue.
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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