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This makes bitcoin sounds like a complicated technical reimplementation of hawala https://en.wikipedia.org/wiki/Hawala?wprov=sfla1 https://en.wikipedia.org/wik
by kjellsbells 4y ago
This makes bitcoin sounds like a complicated technical reimplementation of hawala
https://en.wikipedia.org/wiki/Hawala?wprov=sfla1 https://en.wikipedia.org/wiki/Hawala?wprov=sfla1
- noduerme 4y agoIt actually is exactly like Hawala, and I've traded BTC in and out with networks that had roughly the same human topography. That was the original killer app or crypto. FWIW, we Jews (speaking for my family) mostly think the Rothschilds were pretty smart for working out the same type of system by placing a brother in each European capital and banking to kings, keeping a ledger instead of moving physical gold whenever possible. It seems obvious now, but it was "moving fast and breaking things" in the 18th Century.
- deleted 4y ago[deleted]
- nayuki 4y agoNo, Bitcoin is like sending cash directly to the recipient. Lightning is exactly like cryptographic Hawala, with many hops along the way.