Judging money

[Picture’s perspective lines skewed to create akward feelings… AMS again]

@JudgeJoice_ tipped a couple of days ago about a judge with humour (in Dutch, unfortunately no English translation available). They seem to exist even in the Netherlands…

All very nice to rule that if defendant claims to not have received a loan because the bank only transferred some bits from one account to another and no ‘real’ money switched accounts (the scandal! the fraud! the defendant claimed), and hence no ‘real’ money would need to be repaid, but the defendant did all sorts of transactions with third parties where she presented the fake money (quod non) as ‘real’ herself, then the defendant would have no trouble ‘repaying’ the loan without ‘real’ money wouldn’t she?
With the court siding with the claimant (bank), heh, but coating the whole judgement with all sorts of ‘yeah, banks are Naughty not nice’ “analysis” of the situation.

By doing so, the judge came close to, on the one hand, dismissing ‘real’ money as worthless scraps of paper (mostly, to amount to anything) with only vague promises of ‘repayment’ in something that would actually be money or so: Since dropping the gold standard for <nothing>, no-one has ever explained what that would be – no, not even gold as that would be just an alternative currency with skyrocketing / flatfalling exchange rates.
And, on the other hand, the court also came close to recognition of Bitcoin et al. as sufficiently real money to count as currency. Why would some (unelected! no, you elect politicians, the administration is de facto not controlled by them) government be trusted, whereas a transparent, transparently operating self-formed community of Bitcoin much less so?

But I seem to be repeating myself re this little postlet

Now with the addition of a court’s ruling to the same effect. Thanks, it’s official now.


About maverisk

Maverisk Consultancy, IS Audit and Advisory services: Wikinomics meets governance and audit; otherwise, see my personal LinkedIn profile
This entry was posted in Information Risk Management, Information Security, Innovation (technologicallly driven), Innovation, economics, society at large, Privacy, Sociological, psychological notes and tagged , , . Bookmark the permalink.

Your comments are welcomed!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s