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Bitcoin is immune same way as hawala is immune. Regulators can push it underground, but it will still function and provide value, albeit on different scale.
by saba2008 5y ago
Bitcoin is immune same way as hawala is immune. Regulators can push it underground, but it will still function and provide value, albeit on different scale.
- HappySweeney 5y agoHawala relies on trusted intermediaries to cash out. How would that happen with bitcoin? I doubt many legitimate uses would suffer back-alley transactions.
- saba2008 5y agoSame way, trusted cash exchange intermediaries. localbitcoins seems to be exactly this. And for bitcoin it is much easier than for traditional systems, as trust only need to cover exchange operation.