In Holland we have a saying that roughly translates as "don't let a butcher judge his own meat".
I guess letting a Bank judge his own competitor is an even worse offence?
I guess letting a Bank judge his own competitor is an even worse offence?
You might not agree with the principles of Bitcoin, or the valuation, but it’s certainly transparent.
Those inner workings are analogous to the SWIFT protocol. Memorising its messenger codes won’t teach you much about banking.
Where it matters—who owns what, controls what and to what end—both are opaque.
These systems have evolved over a very long period, with that comes mostly good but definitely some inefficiency which is periodically cleaned out when stimulus reach a breaking point.
I wouldn't be so quick to dismiss the current system, it's on balance been a good system - doesn't mean it can't be improved of course but I think improvement should be the name of the game rather than wholesale rejection just because you don't understand why it is the way it is.
> Unknown to you maybe, not unknown by bankers or bureaucrats.
The difference is that I, as someone who is not a banker or a bureaucrat, do not have access to the information. With Bitcoin the code and developer communities are completely public.
Central banks are no more licensed than your local ICO. Some are better than others. Given the issues India has had with its currency, they might not want to throw stones...
Pray, enlighten us.
https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...
Which would be more appropriate to your quote, i believe.
Ps. Heb alvast die uitdrukking nog nooit gehoord in België ( Never heard that expression in Belgium)
https://hoezegjeinhetengels.nl/slager-keurt-zijn-eigen-vlees...
Over het algemeen gebruikt als de producent een oordeel geeft over zijn product.
als in "Wij van WC eend ..."
Isn't that what Bitcoin is about? Getting rid of these often political decisions?
It's not "about" anything, it's a piece of tech. There is a bunch of cryptobro culture around it that varies depending on which part of the web you frequent, some of which slants heavily libertarian that would espouse the sort of things you are talking about.
Ultimately Bitcoin is still a solution looking for a problem. Banks aren't the problem because they happen to work quite well already.
One thing is sure - there are people who don't agree with that.
For example: people whose money was confiscated during https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_fina...