Re:Ethereum Isn't Fun Anymore
by lotsofpulp on Monday February 22, 2021 @01:14PM
(#26228021)
>That's what technology has gotten us. Accounts get closed down due to automated systems. Something gets flagged as "fraud" and you lose access/money. Your previous business selling apps gets cancelled when your app is deregistered and removed.
Automated solutions do not preclude having human reviewers, and I do not think it's unreasonable for the government to step in and mandate quality (such as subjecting the automated solutions to a small claims court style jurisdiction).
>With the hawaladars, their word, ethics, and livelihood is on the line. You have a real human who can handle the squishy and nigh-unautmatable parts. And they can talk with the person trying to transfer money in case there is problems unforseen.
While there's plusses, there's also minuses. What happens when something goes wrong with a $100M+ transaction? What happens if your hawaladar or the other one burns you? There's 7B+ people in the world, eventually some organization to manage reputation will develop, maybe even by the hawaladars themselves, and you end up back where you started.
>But this seems like a veiled way to attack a way of moving money around solely because the name is Islamic.
I specifically wrote "etc" so I didn't have to specify each and every instance of discrimination, and my example of "gay" would certainly include the KY county clerk, so I don't see how you could claim I was attacking an Islamic concept because it's Islamic.
I'm not even attacking it, it's a perfectly valid way for transactions to work. In fact, my family has done it many, many times when they immigrated and they did it between various African countries, UK, USA, AUS, NZ. But that was during a time when transferring money was more costly and they didn't have another option. Now they might choose to use transferwise.
Automated solutions do not preclude having human reviewers, and I do not think it's unreasonable for the government to step in and mandate quality (such as subjecting the automated solutions to a small claims court style jurisdiction).
>With the hawaladars, their word, ethics, and livelihood is on the line. You have a real human who can handle the squishy and nigh-unautmatable parts. And they can talk with the person trying to transfer money in case there is problems unforseen.
While there's plusses, there's also minuses. What happens when something goes wrong with a $100M+ transaction? What happens if your hawaladar or the other one burns you? There's 7B+ people in the world, eventually some organization to manage reputation will develop, maybe even by the hawaladars themselves, and you end up back where you started.
>But this seems like a veiled way to attack a way of moving money around solely because the name is Islamic.
I specifically wrote "etc" so I didn't have to specify each and every instance of discrimination, and my example of "gay" would certainly include the KY county clerk, so I don't see how you could claim I was attacking an Islamic concept because it's Islamic.
I'm not even attacking it, it's a perfectly valid way for transactions to work. In fact, my family has done it many, many times when they immigrated and they did it between various African countries, UK, USA, AUS, NZ. But that was during a time when transferring money was more costly and they didn't have another option. Now they might choose to use transferwise.