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So you close Putin's and a couple of other credit cards and let everyone else continue a normal life? Maybe fairer to some individuals (like those already actin
by usr1106 4y ago
So you close Putin's and a couple of other credit cards and let everyone else continue a normal life? Maybe fairer to some individuals (like those already acting in opposition), but certainly a completely ineffective sanction.
- xiphias2 4y agoThis is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this (you can't send gold / USD bills on the borders, and when there are banks involved, the leaders could always stop it).
- usr1106 4y agoThis might be a nice property in some cases. However, the massive speculation and pollution caused by crypto make the overall balance look strongly negative to me.
- cesarb 4y ago> This is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this [...] "Hawala as a legal concept came to be described as early as 1327, according to Schramm and Taube,[5][6] though the actual practice has existed since the 8th century [...]" https://en.wikipedia.org/wiki/Hawala https://en.wikipedia.org/wiki/Hawala
- xiphias2 4y agoLooks cool, it's interesting that it's still a working system.