Sentences with phrase «central authorities because»

Hayek argues it's impossible to create and maintain well functioning, domineering central authorities because they will always lack the capacity to collect, analyze, and act on the infinite and ever - changing body of relevant information.

Not exact matches

Because the Bitcoin code is not managed by a central authority, changes to the code require buy - in from developers and miners.

In Rimmer's view, bitcoin is a compelling investment because it is «completely trustworthy with no central authority.

Because you're doing a transaction that a central authority would otherwise block, like paying off a hitman or buying drugs.

When, because of military pressure, the Confederate Tribes decided they needed a central authority, some of the conservative prophets knew it could lead to abuses, and some vehemently opposed it: «Fallen is the virgin Israel, never to rise again, etc etc»..

This is so because central to Keen's thought has been his belief that all theology, including a theological understanding of play, must be defined solely in terms of one's own autobiography («I may speak of grace only in the first person») 34 This solipsistic reduction of religious authority to personal experience has led Keen to characterize incorrectly both theology and the play experience itself.

This was because, first, it was out of Protestantism that the pioneers of Enlightenment thinking emerged, and secondly, because Protestantism did not have the organisational unity and central authority to crush it in the way the Vatican dealt with its Modernists.

Mecca remained a city - state because Arabia had never been effectively controlled by a central authority.

It failed to deliver the new housing we need because its only tools were central and regional targets which ignored local residents, and the bullying of local authorities.

«It has even had to repay some # 60 million to local authorities because central government got its own sums wrong.»

David Simmonds, representing the Local Government Association, cautioned that local authorities had diminishing amounts of direct control over schools - because of central government directives and targets and the shift towards academies.

According to The Economist, this economic system that can disintegrate at the drop of a hat unless central authorities stand ready to throw in this kind of money and more, periodically, is worth saving because: «'' it helped produce healthy economic growth and low inflation for a generation».

In the present case, a member of the Norvegian Hells Angels was denied entry into Iceland because the Icelandic authorities argued that he played a central role in the final stage of accession of an Icelandic motorcycle club as a new charter in Hells Angels.

The Hague Convention you identify is generally enforced in the domestic courts of the country where the child is physically located that has child custody jurisdiction or via a «Central Authority» as defined by a signatory to the Convention, although it is a bit more complex than that because the Hague Convention has one set of rules for «emergencies» and another for ordinary cases.

Habeas corpus has a symbolically central place in the law because it was the primary means by which a private individual could contest government authority over a person in a court of law where the citizen was in theory at least on an equal footing with the state.

Because the court has authority over whether to grant you this opportunity, you should ask the court if a Central City Kentucky online traffic school or online defensive driver or driver improvement program will qualify.

Because the digital currency abjured central banks and other authorities, many of its first devotees were libertarians, anarchists, and black marketeers who wanted to do business away from the government's watchful eye.

Bitcoin's intentional lack of central authority or governing body means that any serious discussion on the fundamental nature of «what Bitcoin is» must be based in rational arguments and data, rather than «because we say so» rhetoric.

In fact, the Bitcoin blockchain represents the first solid, working implementation of distributed consensus — for the first time, everyone can agree on what transactions took place, and who owns what, because everything is recorded on a tamper - proof public ledger that doesn't need a central server and can't be controlled by any central authority.

It's not as limitless as traditional paper money, and it can not be devalued or taken away from you because there is no central authority that controls it.

In other words, free transactions are not as important as the freedom to make any transaction, because the former can be turned off with the flip of a switch at any time by the central authority.

Most online exchanges are controlled by central authorities (businesses) which control your cryptocurrency wallets, because you do not have access to your wallet's keys.

But because no central authorities, banks or other regulated industries are involved, there's nothing the victim can do.

«Ownership of virtual currency is very risky and full of speculation because there is no authority responsible,» the central banker continues, «there is no official administrator, there is no underlying asset underlying virtual currency price and trading value is very volatile so vulnerable to the risk bubble and prone to be used as a means of washing money and financing of terrorism, so that it can affect the stability of the financial system and harm the public.