Conversation
Notices
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Watching the GNU Taler talk and thinking "this looks terrible".
- Depends on existing banking system for the creation of money. Doesn't disintermediate banksters
- The exchange part looks totally open to fraud or disruption
- Hallå Kitteh repeated this.
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@nee yes. Even though the talk compares GNU Taler to cryptocurrencies it's really much more like an alternative paypal. That includes the same failure modes which paypal has.
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@lnxw48a1 @bob If you misunderstood it, I misunderstood it the same way.