6 ms·

In fairness, "the majority of coins belong to unknown entities (supposedly of criminal origin)" is only a small rephrasing away from a description of Erdogan's

• m12k 6y ago
  Sure, but the fact that Turkey is becoming increasingly corrupt isn't really a good argument why it would be a good idea to take away the ability of all central banks to perform monetary policy to stabilize the economy.
  • o_p 6y ago
    >Sure these guys are clearly corrupt but that doesnt mean you shouldnt trust them with your money! Are you serious? Honest question.
    • riffraff 6y ago
      he's saying "the fact that there are corrupt people in position X should not disqualify every other people in position X". There are bad surgeons, you should still probably want surgery if you're sick.
      • o_p 6y ago
        But there are no many surgeons here, theres only one, one central bank. The inflation rate of Turkey is 15%, is anyone really telling people to just "trust the goverment"? Would you put your life savings in the Turkish Lira?
        • SiempreViernes 6y ago
          Maybe you are not aware, but there are in fact other countries than Turkey, each with their own currency. Indeed, from Erdogans point of view, the fact that there are other currencies is their whole problem!
          • lifty 6y ago
            And that's fine. The population of each country can decide for themselves where they store their wealth and in which proportions. It's not like Bitcoin is the first tool to enable this. In fact, most Turkish people are much more used to store their wealth in precious metals.
        • riffraff 6y ago
          But OP talked about "all central banks", he didn't say anything about trusting Erdogan, which we can all agree is a bad idea.
  • simonh 6y ago
    If corruption isn’t a good argument for keeping your money out of a system, what is? Giving them more of your money isn’t going to make them less corrupt.
    • hanniabu 6y ago
      HN will hand save crypto no matter how much evidence and use cases for it are presented. It's really not worth wasting your breath, although I do hope to one day come here and find actual discussions on EIPs and other technical topics.
  • bko 6y ago
    > take away the ability of all central banks to perform monetary policy to stabilize the economy The central banks monetary policy is exactly what's destabilizing the economy
  • roenxi 6y ago
    When has economic stability ever been a good strategy? Rapid improvement is very unstable. Furthermore, stability and monetary policy seems to involve handouts to wealthy people. While I can certainly benefit from that, I don't see why handouts for wealthy people are a good idea. It looks like a bad idea. People seem to be getting angrier about it as time passes too.
    • ameister14 6y ago
      >When has economic stability ever been a good strategy? Rapid improvement is very unstable. These are two unrelated things. The relative instability of improvement doesn't have much to do with whether or not it's preferable to have a stable economic system. Economic stability can be good. Rapid Improvement can be good. Rapid improvement can occur in economically stable times. I seem to remember from studying economics and history that usually, economic instability occurs AFTER rapid improvement, not before or during. This is in part because rapid improvement outpaces regulation and the economy around it, leading to an unstable economic environment rife with opportunity for good and bad actors to make fortunes.
  • fidesomnes 6y ago
    "why it would be a good idea to take away the ability of all central banks to perform monetary policy to stabilize the economy." laughing in central banker.
  • aseerdbnarng 6y ago
    Your logic has no power here. To a crypto fan every black raven is further proof for how crypto is the answer to everything
• baq 6y ago
  it doesn't follow that crypto is better, though...