Is Hawala better for us than Crypto?

[BADecker]

https://zqktlwi4i34kbat3.onion.sh/wiki/index.php?title=In_Praise_Of_Hawala

What is called hawala in Arabia, is also known as hundi in India and Pakistan, and havala in Iran. The word "hawala" comes from the Arabic root hwl, meaning to "change" or "transform". A traveler's check is called a hawala safir. The Arabic word "hawala" has been adopted into both Hindi (India) and Urdu (Pakistan). The alternative term hundi comes from a Sanskrit root meaning to "collect." A hundi operator is called a hundiwala (recall the dishwalas who sell satellite TV dishes out of corrugated tin shacks in India). In Farsi (Iran) the "w" is pronounced as a "v": havala. Farsi also uses the word saraf, meaning a "money changer" or "money remitter" (i.e. a hawala dealer).

It seems that Steemit says something similar - https://steemit.com/hawala/@lcbisu/in-praise-of-hawala.

[KingScorpio]

https://zqktlwi4i34kbat3.onion.sh/wiki/index.php?title=In_Praise_Of_Hawala

What is called hawala in Arabia, is also known as hundi in India and Pakistan, and havala in Iran. The word "hawala" comes from the Arabic root hwl, meaning to "change" or "transform". A traveler's check is called a hawala safir. The Arabic word "hawala" has been adopted into both Hindi (India) and Urdu (Pakistan). The alternative term hundi comes from a Sanskrit root meaning to "collect." A hundi operator is called a hundiwala (recall the dishwalas who sell satellite TV dishes out of corrugated tin shacks in India). In Farsi (Iran) the "w" is pronounced as a "v": havala. Farsi also uses the word saraf, meaning a "money changer" or "money remitter" (i.e. a hawala dealer).

It seems that Steemit says something similar - https://steemit.com/hawala/@lcbisu/in-praise-of-hawala.

crypto doesnt need hawala agen'ts

hawala trust networks need centuries to grow and to develop and they need islam as a foundation

[Naida_BR]

I still cannot understand how you relate "Hawala" with crypto.
Hawala exists only in the countries you mentioned right? How this have implementation in the West and it is better than Crypto? I don't think that Hawala is such a cutting edge technology that can be compared with cryptocurrencies.

[KingScorpio]

I still cannot understand how you relate "Hawala" with crypto.
Hawala exists only in the countries you mentioned right? How this have implementation in the West and it is better than Crypto? I don't think that Hawala is such a cutting edge technology that can be compared with cryptocurrencies.

hawala doesn't work it needs trust between arab, muslim traders and without law enforcement and legalisation so a hawala network can do their exchanges it is not going to work

[akram143]

You need to pay 10% as commission for every transformation you make so do you consider it is better than crypto transaction?

[BADecker]

I still cannot understand how you relate "Hawala" with crypto.
Hawala exists only in the countries you mentioned right? How this have implementation in the West and it is better than Crypto? I don't think that Hawala is such a cutting edge technology that can be compared with cryptocurrencies.

hawala doesn't work it needs trust between arab, muslim traders and without law enforcement and legalisation so a hawala network can do their exchanges it is not going to work

Even the various Mafias around the world are their own government. If they use a form of Hawala, they will keep it running perfectly, for no other reason than to keep their name spotless, so that others will do business with them.

[BADecker]

^^^ Besides. Crypto could easily crash with the Internet or Power Grid being shut down. As long as people remain, there will be a form of Hawala among them. The point isn't trust or lack of it. We will always need to trust someone. The question is who do we trust?

The banking system of the world is constantly reducing the value of its money through inflation. If you save money, it is being reduced in value. This means that high Hawala fees might not be as dangerous to your wealth as the lower banking fees are.

[Kuffy]

I think it would cause confusion - I thought hawala was a vegetable dip.

Bitcoin doesn't need the Internet, it just needs peer to peer communication, and there are a number of alternatives stating to appear. Mobile networks are one example, LoRa is another. Software controlled radio is a bit limited, but may be a possibility for wallet holders. Of course the big change will be 5G, and it is difficult to see how that will influence Bitcoin.

[BADecker]

^^^ If the Net falls, Hawala will be much more readily usable over crude communications than Bitcoin. If the Power Grid falls, nobody will use Bitcoin because of the need for electricity.

Hawala will soar in use if the above happens.

[Kuffy]

If the grid fails, I'll become a solarwala, and fit a couple of solar panels on my van. I'll probably do that anyway.

[Subbir]

If the grid fails, I'll become a solarwala, and fit a couple of solar panels on my van. I'll probably do that anyway.

Yeah  it's really hard to work out which is sweet and bad  Each and each item has some characteristics  If one may be a berth, we will work with the opposite  But i feel crypto is that the best  it's a really old and popular site. Now people are more inclined towards crypto now  Howla is sweet but won't be ready to survive by competing with crypto.

[belka48]

I think it’s worth using the words that people around the world will understand.

[BADecker]

Do you actually know from personal programming experience that Bitcoin is trustworthy? How does one gain trust?

Laura Bertram & William B. Davis in "Pitiless as the Sun" (Part 2)

https://www.youtube.com/watch?v=vjOLS2hobuc&t=9m10s.