Comment on What if we’re thinking about “Fediverse funding” the wrong way? (Non-crypto idea)
Teknevra@lemmy.world 2 days agoYes they could.
It could potentially help Peertube creators, creators, etc.
It would allow them to make money, without having to use Crypto, etc.
Steve@communick.news 2 days ago
So if they have real cash value, how do you secure a distributed currency system without a blockchain? How do you stop the creation of fraudulent tokins?
poVoq@slrpnk.net 2 days ago
Such a system could be set up relatively easily with GNU Taler. The problem is rather on the legal side for the organization that holds the funds and converts it to the tokens. Unless you are registered as a bank there are severe limitations on how much money you can hold and covert.
rglullis@communick.news 1 day ago
Stripe has the connected account system where they work as the money transmitter, so one could build a system where you just need to keep track of the IOUs and Stripe is the one collecting and sending payments. It’s how Github sponsors work, and it’s how I set up the Communick Collective
Steve@communick.news 1 day ago
Then you have a central org you need to trust with the money. It’s not really distributed or federated system anymore.
poVoq@slrpnk.net 1 day ago
There is no need for a central org. It could be many different ones all using the same Taler software.
Teknevra@lemmy.world 2 days ago
The coins / etc don’t have any monetary value.
What you do is you purchase the amount that you want, on the platform server that you are planning on using them on.
Ie Peertube.
You would then tip / etc with them.
And then, the creators, etc. that you pay, would then be able to cash out those coins for real currency.
azdle@news.idlestate.org 2 days ago
The ability to ‘cash out’ means they do have monetary value.
Teknevra@lemmy.world 2 days ago
Then I guess that the term “Trade In” might be better.
As I mentioned in the post, it’s similar to how Pachinko Rules work.
rglullis@communick.news 1 day ago
But again, why go through all this trouble instead of just sending money through a payment processor?