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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 ju
by xiphias2 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 (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.