News for hackers. Stuff that matters.

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 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.
[ Parent | on HN ]
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.

[ Parent | on HN ]
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".

[ Parent | on HN ]
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.

[ Parent | on HN ]