Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem.
  • overflow
    2·
    3 years ago

    I don’t think we need a blockchain to make a cryptocurrency. GNU/Taler seems like the best and most innovative approach to cryptocurrency i’ve seen so far (and certainly one of the very few that doesn’t look like a scam) and is not based on blockchain but rather doesn’t try to build a global consensus at all (unless i’ve misunderstood it).

    GNU/Taler is NOT a currency it’s just a way to use existing currencies whether fiat/cryptocurrency to make payments anonymously. Cryptocurrency refers to any digital currency that uses a blockchain/other distributed ledger technology to record transactions and issue new units, and that uses cryptography to prevent invalid transactions

    • pinknoise
      3·
      3 years ago

      it’s just a way to use existing currencies whether fiat/cryptocurrency to make payments anonymously.

      Thats not true either, you don’t have to bind talers to another currency. They are just tokens that can represent whatever value you want. You can issue some at random and let the users figure out the value, just like with your cryptocurrencies.

    • southerntofu
      3·
      3 years ago

      I agree with your interpretation, but from my perspective GNU/Taler is all i expect from a cryptocurrency: enable me to make low-cost/high-privacy digital payments. A promise which BTC/ETH/others are 100% incapable to hold (at least so far, and in the foreseeable future).

      • overflow
        11·
        3 years ago

        none of those are intended for private transactions.Monero is a coin that exists for the purpose you want