Comment on What if we’re thinking about “Fediverse funding” the wrong way? (Non-crypto idea)
Steve@communick.news 4 weeks agoThen you have a central org you need to trust with the money. It’s not really distributed or federated system anymore.
Comment on What if we’re thinking about “Fediverse funding” the wrong way? (Non-crypto idea)
Steve@communick.news 4 weeks agoThen you have a central org you need to trust with the money. It’s not really distributed or federated system anymore.
poVoq@slrpnk.net 4 weeks ago
There is no need for a central org. It could be many different ones all using the same Taler software.
Steve@communick.news 4 weeks ago
Couldn’t each one could decide how much to charge and pay for their tokens? Like a swarm of countless centralized currencies, rather than a single decentralized one?
poVoq@slrpnk.net 4 weeks ago
Taler isn’s a currency but a payment system. So yes each token generating entity would have their own token. There could be some sort of backend exchange mechanism (I think Taler is working on that), but basically the person receiving the token would have to redeem it with the same exchange that issued it. Legally it can’t be directly exchanged back to fiat money, but the exchange could issue a service contract with the person and pay them according to the tokens they hold.