Comment on Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
TootSweet@lemmy.world 1 month agoOne 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.
deafboy@lemmy.world 1 month ago
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.
“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.”
TootSweet@lemmy.world 1 month ago
Thank you for being honest about being pro-tax-evasion and pro-money-laundering.