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A comment on Visa May Add Cryptocurrencies to Its Payments Network, Says CEO. Parent comment

Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by eMGm4D0zgUAVXc7 on Sunday January 31, 2021 @05:23PM (#25983184)
> If by design, cryptocurrency has a finite volume of transferrable currency, do early adopters have an unfair advantage that could potentially make the currency unusable?

> I don’t see how it could possibly be fair when earlier mining yielded currency more quickly.

If by design, fiat currency has an infinite volume of transferrable currency, do governments have an unfair advantage that could potentially make the currency unstable?

I don't see how it could possibly be fair when just printing it yielded currency more quickly than properly earning it.

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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by Nursie on Sunday January 31, 2021 @05:25PM (#25983202)
That doesn't even make sense. For a start governments don't earn money. Secondly, a managed currency controlled by a central bank under the control of a democratic government is a good thing.
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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by eMGm4D0zgUAVXc7 on Sunday January 31, 2021 @05:28PM (#25983230)
> For a start governments don't earn money.

Build infrastructure = provide a service.

Get paid taxes for usage of said infrastructure = earn money for properly providing a service.

> Secondly, a managed currency controlled by a central bank under the control of a democratic government is a good thing.

That is a tautology, you merely rephrased the claim without providing any argument.

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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by Nursie on Sunday January 31, 2021 @05:35PM (#25983288)
Currency supply to the economy and the amount of services a government supplies are orthoganal issues.

I didn't provide a reason, but it's not a tautology. I would accept "bland assertion".

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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by conanbatt on Sunday January 31, 2021 @09:54PM (#25985022)
> Get paid taxes for usage of said infrastructure = earn money for properly providing a service.

Taxes and provision of services are completely separated. Citizen did not get their money back when schools closed because of the pandemic.

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