this post was submitted on 04 Aug 2024
713 points (86.9% liked)

Technology

60052 readers
3071 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
713
Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)
submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]
361 comments fedilink hide all child comments
 

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -3 points 4 months ago (1 children)

GNU Taller is pretty fragile, though. One bank issues unbacked tokens and the credibility of the whole system goes down the drain. It's the current financial system, just rebranded. Also, it promotes taxation which automatically makes it a cult & scam.

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago) (1 children)

One bank issues unbacked tokens

  1. The Taler protocol has bank auditors built-in.
  2. Your hypothetical would just as much apply to existing debit cards.
  3. Unbacked tokens. You mean like Tether? (Let alone Terra.)

Also, it promotes taxation which automatically makes it a cult & scam?

The fuck? How does Taler "promote taxation?"

Fuckin' Libertarians.

[–] [email protected] -1 points 4 months ago (1 children)

Unbacked tokens. You mean like Tether?

Exactly like Tether. USDT was never backed 1:1 by USD. They don't even try to deny it anymore. They admit it's backed by "various assets, including BTC", which smells like a market manipulation.

How does Taler promote taxation?

"Customers can stay anonymous, but merchants can not hide their income through payments with GNU Taler. This helps to avoid tax evasion and money laundering."

[–] [email protected] 2 points 4 months ago

Thank you for being honest about being pro-tax-evasion and pro-money-laundering.