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Bill: F-183: Future Economies Act
Details
Submitted by[?]: Federal Heritage Party of Hutori
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4541
Description[?]:
| This bill allows for greater access to arising economic technologies such as cryptocurrencies so that we maybe on the cutting edge of economic opportunities. |
Proposals
Article 1
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is illegal.
Current: The government has no policy on cryptocurrency
Proposed: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Debate
These messages have been posted to debate on this bill:
| Date | 17:13:22, March 05, 2019 CET | From | Federal Heritage Party of Hutori | To | Debating the F-183: Future Economies Act |
| Message | Mr. Speaker, I hereby open this proposal to debate. Aiden Vallen (F-KE) MP for Port Prosperity Centre Federalist Parliamentary Leader |
| Date | 23:49:16, March 05, 2019 CET | From | Liberals | To | Debating the F-183: Future Economies Act |
| Message | Mr. Speaker We firmly rejected cryptocurrencies because their diffusion can bring serious economic problems: one of this is that the value of some of these coins it is not based on real economic characteristics, and it could bring strong uneasiness in the future for the one whom has invested. The greatest problem regarding the criptovalutes could be the damage caused by them, in the long run, to the finances of the State through losses of incomes for the lack of a suitable taxation on the transactions. It's to risky for our economy. William Roosevelt (L) Secretary of Economy for the Liberals |
| Date | 00:42:27, March 06, 2019 CET | From | Federal Heritage Party of Hutori | To | Debating the F-183: Future Economies Act |
| Message | Mr. Speaker, I see two issues with the Liberal Party's assessment of cryptocurrency. First and foremost is the assumption that government's place is to make investment decisions for it's citizens, that is not the place of government in the slightest. If a person wants to make a high risk investment that is their prerogative. Two I believe that the Liberal Party fundamentally misunderstands where the inherent instability of cryptocurrencies derives from. The fact of the matter is that private cryptocurrencies are fiat currencies just like that of many state issued currencies. This means that they have no physical entity backing them. The main difference between the two is that state currencies have a government claiming that they have value and are generally speaking willing to back that up whether economically or militarily. Now if we were to be suggesting that private cryptocurrencies were to be allowed and be the main currency of the nation then the Liberals would have a point. However, that's not what we are suggesting, we are suggesting that the state issues its own cryptocurrency which makes the critiques of the Liberal party irrelevant. Furthermore we are not suggesting that we do away with our paper currency. What are proposing is a system of exchangeable currencies in order to better facilitate e-commerce and to provide a secure & stable alternative to many of terra's other cryptocurrencies. Rebecca Peters (F-RO) MP for Isle of Sutton South Federalist Finance Critic |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 151 | ||||
| no |
Total Seats: 1 | ||||
| abstain |
Total Seats: 53 |
| Random fact: It is possible for a player to transfer ownership of a character or a royal house to another player. This should be done in a public way, such as on the Character Transfers thread, so that if a dispute arises in the future, Moderation can be pointed towards evidence of the transfer. |
| Random quote: "Laws are like sausages, it is better not to see them being made" - Otto von Bismark |