>And we've learned that record-keeping has its own very strong negative side. It alone can establish ties between people, and serve to eliminate privacy all in the names of "transparency".
Hawala people can establish ties too, unless they are somehow incorruptible. And electronic money transfer systems and SWIFT and whatnot aren't perfect, but my contention is they are more preferable to almost all people than Hawala. I am aware of the corruption with regards to HSBC, but I can't agree with
>billions of $ transferred away from citizens with usurious fines, overleveraging finance side affecting savings/loan
Keeping funds secure and moving money has never been so easy and so cheap for almost all people. Yes, you can get screwed if the government deems you a terrorist, and a more distributed system like Hawala might be more resilient to that kind of attack, but there's other costs to Hawala that the current system doesn't have.
>Point being, is that the Hawala is the last millenium's Bitcoin.. And when compared to BTC or ETH now, is still strictly better. (And we haven't discussed the barrier to entry, wasted electrical power, e-waste, etc.)
I can't comment on this since I don't know enough about BTC or ETH or Hawala.
Hawala people can establish ties too, unless they are somehow incorruptible. And electronic money transfer systems and SWIFT and whatnot aren't perfect, but my contention is they are more preferable to almost all people than Hawala. I am aware of the corruption with regards to HSBC, but I can't agree with
>billions of $ transferred away from citizens with usurious fines, overleveraging finance side affecting savings/loan
Keeping funds secure and moving money has never been so easy and so cheap for almost all people. Yes, you can get screwed if the government deems you a terrorist, and a more distributed system like Hawala might be more resilient to that kind of attack, but there's other costs to Hawala that the current system doesn't have.
>Point being, is that the Hawala is the last millenium's Bitcoin.. And when compared to BTC or ETH now, is still strictly better. (And we haven't discussed the barrier to entry, wasted electrical power, e-waste, etc.)
I can't comment on this since I don't know enough about BTC or ETH or Hawala.