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Comment on Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)

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.

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TootSweet@lemmy.world ⁨1⁩ ⁨month⁩ ago
One bank issues unbacked tokens

The Taler protocol has bank auditors built-in.

Your hypothetical would just as much apply to existing debit cards.

Unbacked tokens. You mean like Tether? (Let alone Luna.)

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

The fuck? How does Taler “promote taxation?”

Fuckin’ Libertarians.
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- deafboy@lemmy.world ⁨1⁩ ⁨month⁩ ago
  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.”
  
  taler.net/en/features.html
  
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  - TootSweet@lemmy.world ⁨1⁩ ⁨month⁩ ago
    Thank you for being honest about being pro-tax-evasion and pro-money-laundering.
    
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