3 ms·
Comparing Taler to Bitcoin is not appropriate since Bitcoin could be the very monetary unit that is used as the denomination of payment amounts on the Taler net
by runeks 6y ago
Comparing Taler to Bitcoin is not appropriate since Bitcoin could be the very monetary unit that is used as the denomination of payment amounts on the Taler network. In other words, Taler is a protocol that is deployed on top of Bitcoin, and does not compete with Bitcoin itself.
Bitcoin is (intended to be) a form of money — just like USD, EUR, gold, silver. The Taler network needs a unit of account (numeraire) to denominate amounts in, and this is what money is used for. Tail itself cannot function without a monetary unit since it’s a payment system (a way to move money).
- helen___keller 6y agoYou are correct - I should have been more explicit, but I was using comparing Taler as a system to move arbitrary money against the Bitcoin network[0], which is a system to move a specific money (Bitcoin the coins), or the various blockchain networks, which do similar for other tokens (including securitized fiat, as in stablecoins) [0] "the Bitcoin network", meaning the use of blockchain transactions to facilitate payments, or off-chain schemes to do the same with on-chain settlement (as in lightning network)