![]() It was believed that epilepsy seizures were triggered by moonlight hence lunatic was used for those patients. Why does "lunatic" have a stronger connotation than crazy, insane, out of mind, etc.?Įdit: commented, "In France, lunatique means something along the lines of erratic or mercurial." If someone was called crazy just because he was affected by the Moon's cycle, is there a word that has anything to do with the Sun's cycle meaning "a bit less crazy" or "more mentally stable than lunatic", etc? Was there any etymological reason why they had to use "lunatic" in place of "lunar" for "crazy"? How did "lunatic" evolve to mean "crazy"? (I could guess, but I don't exactly understand what " moon-struck" and " moon-sick" mean in the the above.)ĭoes suffix "-tic" have any special function itself or was it just used to make a different adjective from "lunar" because the Moon was called "luna" in Latin? I found a list of words that ends with "-tic", but I can't find anything in common. "Lunar" and "Lunatic" seem to have evolved in a different way. "be epileptic," from selene "moon." Lunatic fringe (1913) apparently Compare also New Testament Greek seleniazomai Middle High German lune "humor, temper, mood, whim, fancy" (German Compare Old English monseoc "lunatic," literally " moon-sick " Of the moon," from Old French lunatique, lunage "insane," or directlyįrom Late Latin lunaticus " moon-struck," from Latin luna "moon" (see Late 13c., "affected with periodic insanity, dependent on the changes He added that the prudential treatment for less risky crypto assets, such as tokenized corporate bonds, is similar to the traditional non-tokenized asset.I know what the word " lunatic" means and it has something to do with the "Moon" as the "Online Etymology Dictionary" explains: "Although the jurisdiction's banks have 'insignificant' levels of exposure to crypto – contributing less than 0.05% of total risk weighted assets – these types of crypto assets are subject to the toughest risk management requirements set by international standard-setters," he wrote. In November 2022, Shanmugaratnam wrote a response to a question in parliament saying that Singapore's banks are required to hold $125 of capital against an exposure of $100 to cryptocurrencies like bitcoin ( BTC) or ether ( ETH). Still, for banks and stablecoins the situation is somewhat different. He reiterated that stance in 2023, saying at the World Economic Forum, that crypto is "inherently purely speculative and in fact slightly crazy." While it should remain an unregulated market, he suggested authorities should provide "ultra clarity" on the risks associated with crypto because to "start getting into a game of regulating products, ostrich eggs or crypto or anything else" would be a "never-ending game." In 2018, when he wrote cryptocurrency and related trading activity did not pose any threat to Singapore's finance system, and there was no need to prohibit it. Shanmugaratnam's early stance on cryptocurrencies was laissez faire. Shanmugaratnam spent 22 years as a member of parliament, holding several governmental roles including deputy prime minister, He was also short-listed for the top job at the International Monetary Fund (IMF). ![]() He began his career as an economist at the MAS in 1982 after a receiving a Bachelor of Science in Economics from the London School of Economics, a Master of Philosophy in Economics from the University of Cambridge and a Master in Public Administration from Harvard University’s Kennedy School of Government. That was a role he held between 20, overlapping his time as finance minister between 20. Singapore has gone from being an early adopter of crypto to a jurisdiction trying to find the right regulatory balance after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital while Shanmugaratnam was chairman of Singapore's central bank, the Monetary Authority of Singapore (MAS). ![]() ![]() While the role is largely ceremonial, the 66-year-old's experience might mean he has some influence in shaping policy related to the future of finance, including cryptocurrencies, central bank digital currencies (CBDCs) and more. Tharman Shanmugaratnam, the former Singapore finance minister and central bank chairman who has called crypto "purely speculative" and "slightly crazy," was elected the country's president Saturday with 70.4% of the vote, replacing Halimah Yacob, its first female head of state. The 66-year-old has called crypto "purely speculative" and "slightly crazy.".While the role is largely ceremonial, Shanmugaratnam's financial experience may give him some influence over relevant policy. ![]()
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