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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 wor
by janandonly 5y ago
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?
- NicoJuicy 5y agoAre you judging this as a user of the Blockchain? 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)
- me_me_me 5y ago10/10 Kings agree democracy is inferior to monarchy, therefore it will be banned.
- rapnie 5y agoHere's an explainer of the saying (in Dutch) and some possible English alternatives, like : "That’s like grading your own exam”. And literally a "conflict of interest". https://hoezegjeinhetengels.nl/slager-keurt-zijn-eigen-vlees/ https://hoezegjeinhetengels.nl/slager-keurt-zijn-eigen-vlees...
- jacquesm 5y ago"De slager die zijn eigen vlees keurt" Over het algemeen gebruikt als de producent een oordeel geeft over zijn product. als in "Wij van WC eend ..."
- astoor 5y agoNot really like-for-like though - in this case a more appropriate saying would be "don't let a licenced professional purveyor of meat with provenance trails judge unlicenced masked street-vendors of meat-like substances of unknown origin during a time of unprecedented household pet disappearances".
- thebean11 5y agoThe inner workings of Bitcoin are a lot less unknown than those of banks or governments. You might not agree with the principles of Bitcoin, or the valuation, but it’s certainly transparent.
- JumpCrisscross 5y ago> inner workings of Bitcoin are a lot less unknown than those of banks or governments 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.
- thebean11 5y agoThe research and discussions between devs on protocol changes are public. The mechanics of who gets access to make transactions, who prints currency, and how transactions are confirmed is public.
- jpgvm 5y agoUnknown to you maybe, not unknown by bankers or bureaucrats. 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.
- thebean11 5y agoI'm not dismissing anything except the idea that Bitcoin is somehow opaque or unknown. > 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.
- sundarurfriend 5y agoDoesn't change your point too much, but the RBI isn't a bank per se, it's a regulatory body that makes decisions about currency supply, transaction procedures and limits, etc.
- mateuszf 5y ago> it's a regulatory body that makes decisions about currency supply Isn't that what Bitcoin is about? Getting rid of these often political decisions?
- jpgvm 5y agoNo? Bitcoin is a completely transparent system of record that is resistant to byzantine actors and can resist censorship/bans through decentralized infrastructure. 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.
- mateuszf 5y ago> 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_financial_crisis https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_fina...