DeFi cannot hold a candle to a centuries-old trust-based system called hawala

DeFi cannot hold a candle to a centuries-old trust-based system called hawala – Mail Bonus

In the history of dangerous childhood, decentralized financial insanity in 2021 will hold its own against the 2007 boom in mortgage liabilities. It took the global financial crisis to perceive CDOs, which repackaged high-risk mortgages to make them look more secure than they were. “CDOs are nothing but a huge Ponzi scheme,” the villain said …

DeFi cannot hold a candle to a centuries-old trust-based system called hawala

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