Unlike BitCoin or cash payments, Taler ensures that governments can easily track their citizen's income and thus collect sales, value-added or income taxes. Taler is thus a currency for the mainstream economy, and not the black market. Sounds pretty useless to me then. I would think, as technologists, we would adhere to a mindset of "we can do better". That is, we can do better than basing our society on a State appa…
I kinda like roads to drive on...
GNU Taler – Electronic payments for a liberal society
21–30 of 188 posts
Re: GNU Taler – Electronic payments for a liberal society
#22But I like how this is not a giant project to waste electricity breaking useless hashes.
Re: GNU Taler – Electronic payments for a liberal society
#23Re: GNU Taler – Electronic payments for a liberal society
#24> Taler ensures that governments can easily track their citizen's income So exactly why would I want to use this?
Re: GNU Taler – Electronic payments for a liberal society
#25I do like the idea of complete transactional privacy between end users and/or merchants. But we already have this today with CryptoNote based cryptocurrencies like Monero - with optional transparency through "view keys".
Re: GNU Taler – Electronic payments for a liberal society
#26Earlier quoted context omitted.
If I had to guess, automatic calculation of income tax. No need to file taxes.
Is this not automatic in most of the countries of the world?
Re: GNU Taler – Electronic payments for a liberal society
#27> Taler ensures that governments can easily track their citizen's income So exactly why would I want to use this?
Because unless the government can track citizen's income it cannot tax it, and without taxes modern society cannot function at all. Technologies like this would be a boon to many developing countries like mine where tax evasion and corruption is rampant. It would enable the government to collect funds for infrastructure, education, environmental protection and healthcare (and yes, I am a progressive liberal who would…
Re: GNU Taler – Electronic payments for a liberal society
#28> Taler ensures that governments can easily track their citizen's income So exactly why would I want to use this?
Because unless the government can track citizen's income it cannot tax it, and without taxes modern society cannot function at all. Technologies like this would be a boon to many developing countries like mine where tax evasion and corruption is rampant. It would enable the government to collect funds for infrastructure, education, environmental protection and healthcare (and yes, I am a progressive liberal who would…
Re: GNU Taler – Electronic payments for a liberal society
#29Unlike BitCoin or cash payments, Taler ensures that governments can easily track their citizen's income and thus collect sales, value-added or income taxes. Taler is thus a currency for the mainstream economy, and not the black market. Sounds pretty useless to me then. I would think, as technologists, we would adhere to a mindset of "we can do better". That is, we can do better than basing our society on a State appa…
I will take nonsense like this seriously when its proponents no longer avail themselves of the benefits of assets created through taxation. Which would be never.
Re: GNU Taler – Electronic payments for a liberal society
#30Uses GNUnet's crypto library to generate keys. Biggest problem I've found is fraud potential, the mint operator can run a fractional reserve since it relies on "government authorities doing regular audits" and also that it touts turning Mastercard/Visa into Taler. Carders will become their own merchants, card a mint to get Taler and then cash it all out before anybody knows what happened. You also can't transfer Tale…
As to the carder-friendlyness: credit card companies are known to treat payment aggregators with lots of suspicion, so I suppose there just won't be many credit-card-to-Taler "banks".