this post was submitted on 04 Apr 2024
1020 points (98.8% liked)
linuxmemes
21291 readers
1558 users here now
Hint: :q!
Sister communities:
- LemmyMemes: Memes
- LemmyShitpost: Anything and everything goes.
- RISA: Star Trek memes and shitposts
Community rules (click to expand)
1. Follow the site-wide rules
- Instance-wide TOS: https://legal.lemmy.world/tos/
- Lemmy code of conduct: https://join-lemmy.org/docs/code_of_conduct.html
2. Be civil
- Understand the difference between a joke and an insult.
- Do not harrass or attack members of the community for any reason.
- Leave remarks of "peasantry" to the PCMR community. If you dislike an OS/service/application, attack the thing you dislike, not the individuals who use it. Some people may not have a choice.
- Bigotry will not be tolerated.
- These rules are somewhat loosened when the subject is a public figure. Still, do not attack their person or incite harrassment.
3. Post Linux-related content
- Including Unix and BSD.
- Non-Linux content is acceptable as long as it makes a reference to Linux. For example, the poorly made mockery of
sudoin Windows. - No porn. Even if you watch it on a Linux machine.
4. No recent reposts
- Everybody uses Arch btw, can't quit Vim, and wants to interject for a moment. You can stop now.
Please report posts and comments that break these rules!
Important: never execute code or follow advice that you don't understand or can't verify, especially here. The word of the day is credibility. This is a meme community -- even the most helpful comments might just be shitposts that can damage your system. Be aware, be smart, don't fork-bomb your computer.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I tried reading the website, but Im not really sure I get it. What it's supoosed to be? A way how to make FIAT payments thats open-sourced and private (so you dont have to pay stupid fees to banks), and it integrates into the current banking system, or is it some kind of digital currency that's not blockchain based?
If it's the former - isnt any kind of payment without KYC almost impossible, since its heavily regulated? So, you can't really have private payments in environment where there's stupid amount of laws about how much you can actually pay without it being identifiable, for example the super small monthly limit on anonymous prepaid debit cards?
It's not a currency - just a new payment system, but I don't know how it works exactly. In order to make payments with it, your bank has to support it. Some banks are working on integrating it now. It's supposed to be anonymous and the transaction history is supposed to be private. Currently only cryptocurrency has such features, but it looks like Taler will change that.
I played around with GNU Taler a while back. The payer is anonymous but verifiable (so I can't pay with the same €3 ten times to ten people) but the recipient is known and the payment connected with the recipient, to satisfy avoiding tax evasion and fraud.
It still anticipates merchants taking some fee, but that fee should be able to be much less, as it doesn't depend on Blockchain (requiring so much work) but is a suitable cryptographic algorithm so 3rd party merchants can compete.
Oh, I see. Oh well.
Your bank already knows who you are, but with Taler you will be able to make payments using libre software and the bank won't be able to track them. I guess if you send money to a friend, their bank will know they received the transaction, but won't know who it was from. At least that's my understanding.