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In our country we have a problem with exchanges giving horrendous rates to tourists (like 16 for 1 EUR instead of fair 24). Governor of central bank was asked w
by tomas789 3y ago
In our country we have a problem with exchanges giving horrendous rates to tourists (like 16 for 1 EUR instead of fair 24). Governor of central bank was asked why they don't stop it. He replied that they in theory could but seems like people are using such services and if they intervene then they are disrupting a free market. They are offering a service and they have customers. Should they stop them just because they have high margins?
What I want to say is that I don't like this practice either but should we cancel businesses just because we don't like them? They are not stealing or anything. I'd say they are in a light grey business but for sure not black.
And I guess there is a bright side to this all too. At least for large-ish businesses. If nissan.com was owned by domain squatter then they would sell it to Nisan for 1M or something and both sides would be happy.
- deleted 3y ago[deleted]