3 ms·

They explicitly mention that it’s not.

• stevage 3y ago
  > Taler does not require any Blockchain technology, and is also not based on proof-of-work or any other distributed consensus mechanism. Instead, Taler is based on blind signatures. However, it is theoretically possible to combine Taler with peer-to-peer crypto-currencies like Bitcoin. > It would be possible, however, to withdraw coins denominated in Bitcoin into a Taler wallet (with an appropriate exchange), which would give some benefits over plain Bitcoin, such as instant confirmation times. I don't really know what to make of it.
  • Dalewyn 3y ago
    [flagged]
    • mratsim 3y ago
      Can you substantiate what makes this a cryptocurrency? Everytime you authenticate on your bank website you sign a payload, that doesn't make transactions there cryptocurrency.
  • gfdgsdf 3y ago
    > I don't really know what to make of it. It's a federated system/protocol that doesn't have a currency of its own. There should be Exchanges you are supposed to trust, that accept your CURRENCY_NAME and give you anonymous tokens (think of it as electronic cash) in exchange. You spend them in Merchants' shops. The Merchants claim the CURRENCY_NAME back from the Exchanges. No one knows what you bought but the Merchants can be audited by the Government to be taxed. That's their plan as I understand it.
• synctext 3y ago
  Here are 63 slowly explaining this system: https://eh17.easterhegg.eu/Fahrplan/system/event_attachments/attachments/000/003/166/original/main.pdf https://eh17.easterhegg.eu/Fahrplan/system/event_attachments... Quinte neat. It simply using open source to preserve the existing financial players. Financial intermediaries are not eliminated.