Re:Bitcoin breaks $3K to reach new all-time high
by chii on Saturday August 05, 2017 @04:50AM
(#14934836)
I think there should be one world gov't, with one single currency, and a unified monetary policy. People who do arbitrage of currency are simply a less efficient version of a unified world currency anway.
Re:Bitcoin breaks $3K to reach new all-time high
by firethief on Saturday August 05, 2017 @01:03PM
(#14936645)
If you aren't trolling, you could do with a little macroeconomics study before you rearchitect the world. It's not as intuitive as it seems.
Re:Bitcoin breaks $3K to reach new all-time high
by perpetualcrayon on Saturday August 05, 2017 @05:02AM
(#14934882)
You are probably right. Governments and financial institutions are separate entities. And the process of starting up a compliant financial institution to compete against entrenched interests is almost frictionless.
Re:Bitcoin breaks $3K to reach new all-time high
by nl on Saturday August 05, 2017 @05:44AM
(#14934972)
You cynicism and attacks on an easy target doesn't make your point any clearer.
The fact is plenty of companies have setup as currency exchanges.
Re:Bitcoin breaks $3K to reach new all-time high
by perpetualcrayon on Saturday August 05, 2017 @08:24PM
(#14938901)
The fact that you assume my comment was cynical proves I've made my point perfectly well.
Governments don't charge money to change currency. That is done by private companies which charge a fee for it, in the same way blockchain exchanges charge a fee to trade between blockchain currencies.
I agree the currency exchange fees are higher than they should be, but... if you think that's a big need it isn't too hard to start a company to compete and lower the fees. That's what XE.com did for example.
I'm confused what you think a government should do?