this post was submitted on 05 Jul 2024
32 points (94.4% liked)
Privacy
30843 readers
928 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
Chat rooms
-
[Matrix/Element]Dead
much thanks to @gary_host_laptop for the logo design :)
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If you would have bothered to see the linked presentation you would know that GNU Taler is explicitly positioning itself as a better international payment standard to prevent central bank digital currencies from taking that role (as commercial banks do not like the idea either).
Its pointless to compare GNU Taler to Bitcoin or other crypto currencies, as it solves a completely different problem space.
Bitcoin solved the "move money from A to B securely, internationally, quickly" problem 15 years ago. Taler strikes me in the most generous terms as a new attempt as an unimaginative effort to re-envision the banking system that existed before that watershed moment. We have instant, international settlement, we have that technology, it's here, it's mature, it works, it continues to get better, it has a market cap higher than Sweden's GDP, and the average long-term trend has been growth no matter what way you slice it. It's already more widely used and reliable than most national currencies. And it solves the delivery problem.
From the Taler FAQ:
That doesn't sound like opposing a CBDC to me, it sounds like explicitly building infrastructure for its existence. To review, Taler is
Again please see the above presentation. And yes a central bank could also use Taler, as one of many banks, which would prevent it from being centralised on a single one like in the case of CBDC.
GNU Taler isn't a currency, its a payment system. And it can be used internationally, you are just completely misunderstanding its purpose and how it functions.