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A comment on India proposes law to ban cryptocurrencies, create official digital currency. Parent comment

Re:India proposes law to ban cryptocurrencies, create offici... by lou1306 on Saturday January 30, 2021 @02:00PM (#25971860)
> Having 2 elected houses is monumentally stupid idea that allows politicians to trap the system in blockages, while pointing fingers at each other for no repercussions.

A democratic system's main concern is not efficiency, but rather robustness of the democratic process. Authoritarian states are much more efficient in passing legislation, but at what cost?

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Re:India proposes law to ban cryptocurrencies, create offici... by screye on Saturday January 30, 2021 @02:25PM (#25972084)
Democracy is about allowing people's representatives to effectively pass bills for which they put them in place.

Building structures at actively make that difficult are not democratic. They are just bad.

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Re:India proposes law to ban cryptocurrencies, create offici... by lou1306 on Sunday January 31, 2021 @08:07AM (#25978522)
Checks and balances are part of any functioning democracy. Sure they make things less efficient, but once you take them out, you end up with a tyranny of the majority.
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Re:India proposes law to ban cryptocurrencies, create offici... by candiodari on Saturday January 30, 2021 @05:47PM (#25973812)
It is also about protecting minorities from the majority.
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