Re:Detecting Money Laundering
by yummyfajitas on Monday June 27, 2016 @12:18AM
(#11984196)
There are a wide variety of commerce systems that require no government courts. Consider the Silent Trade, the old system used by Africans and Indians to trade.
Realistically, in Colonial America, reputation systems and the like were probably used far more than courts.
In fact, even today, extra-legal systems are widely used. My company buys SAAS services primarily from the US and Australia, but we have little ability to use the courts in either of those countries. How do we know Atlassian or Cloudflare won't take our rupees and run?
https://en.wikipedia.org/wiki/Silent_trade
Realistically, in Colonial America, reputation systems and the like were probably used far more than courts.
In fact, even today, extra-legal systems are widely used. My company buys SAAS services primarily from the US and Australia, but we have little ability to use the courts in either of those countries. How do we know Atlassian or Cloudflare won't take our rupees and run?