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I also understand that maintaining roads is not free, however I'm not paying fees to private companies for the privilege of using them because of how important
by seanalltogether 15y ago
I also understand that maintaining roads is not free, however I'm not paying fees to private companies for the privilege of using them because of how important they are to national infrastructure. I should be paying less overall in taxes to maintain these roads then I would be paying a collection of individual for-profit companies to get the same level of service...in theory.
Is digital currency still too immature to consider the same?
- jerf 15y agoReal costs are probably higher than you expect. Sure, it's so cheap it might as well be free to write a program that debits one number and increases another and run it a few billion times, but reliable financial systems require more than that. Consider what it takes not just to implement a chargeback, but to be able to implement a chargeback, and to be able to stand behind it legally, and to be able to defend against lawsuits, to be able to prove compliance with various regulations, etc etc. Everything looks easy from the outside. I don't see any compelling reason to think the government would intrinsically do any better, it would just move the costs around and probably incur more of them overall when the full accounting was made, which it never would be, because who can regulate the regulators?
- justincormack 15y agoIs there any evidence that there is a competitive market driving the prices down though? Looks like this regulation was designed to push down costs by fiat, but people wanted to keep their profit margins and shifted the costs, so no worse than what you are saying the government would do. The government should be trying to design cmpetition into the system.