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Thoughts on Cryptocurrency? (programming.dev)
submitted 2 years ago by to c/privacy@lemmy.ml
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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[–] 3 points 2 years ago (1 child)

GNU Taler isn't cryto. (Which makes much better)

The problem with crypto is that there really isn't anything to give it value. It basically is a super unpredictable stock.

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  • [–] 1 point 2 years ago

    I wouldn't say "better," just different. GNU Taler is centralized, so it's only as reliable as the issuer, whereas cryptocurrencies are as reliable as the distributed network. So Taler can't replace a fiat currency, it's just a toolkit to create your own fiat currency.

    So it's great for privacy-minded folks in stable economies, but not great for international transactions or transactions where central authority isn't trusted. Essentially, cryptocurrencies are supposed to replace precious metals and whatnot for barter.

    So I'm excited to see what privacy products people make with things like GNU Taler because it can be used today, but something like Monero is preferred if it can stabilize and start being accepted in more places.

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