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EU NGI TALER will bring private and secure online payments to the Eurozone

taler.net

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Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#11

Post by synctext »

notimetorelax wrote: post #3
zwnow wrote: post #2

[flagged]

They explicitly mention that it’s not.

Here are 63 slowly explaining this system: https://eh17.easterhegg.eu/Fahrplan/system/event_attachments...

Quinte neat. It simply using open source to preserve the existing financial players. Financial intermediaries are not eliminated.

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#12

Post by tucnak »

zwnow wrote: post #2

[flagged]

Fear, uncertainty and doubt (often shortened to FUD) is a manipulative propaganda tactic used in sales, marketing, public relations, politics, polling and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information, and is a manifestation of the appeal to fear.

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#14

Post by mratsim »

Dalewyn wrote: post #10
stevage wrote: post #8

Earlier quoted context omitted.

> Taler does not require any Blockchain technology, and is also not based on proof-of-work or any other distributed consensus mechanism. Instead, Taler is based on blind signatures. However, it is theoretically possible to combine Taler with peer-to-peer crypto-currencies like Bitcoin. > It would be possible, however, to withdraw coins denominated in Bitcoin into a Taler wallet (with an appropriate exchange), which w…

[flagged]

Can you substantiate what makes this a cryptocurrency?

Everytime you authenticate on your bank website you sign a payload, that doesn't make transactions there cryptocurrency.

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#15

Post by Denvercoder9 »

bobo18 wrote: post #9
laserbeam wrote: post #4

Earlier quoted context omitted.

Thanks. I was suspicious while reading. The language makes it feel like it's an official EU project, but there's no EU branding, links to anything in EU governing bodies. At best they seem to mention they applied for eu horizon funding, which anyone can do. Very much junk indeed.

Actually, NGI (Next Generation Internet) is an official EU project, and they are involved in this ( https://www.ngi.eu/ngi-projects/ngi-taler/ )

It's an EU project in the sense that it has received a grant from the EU research program, not in the sense that what they're doing is EU policy.

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#16

Post by p4bl0 »

zwnow wrote: post #2

[flagged]

No it's not. GNU Taler doesn't use a blockchain, as a blockchain cannot implement digital cash: in a blockchain, transactions are necessarily centralized — on a distributed ledger, but still account-based —, so they are effectively equivalent to wire transfer, i.e., just accounting entries: they cannot take place between two offline parties like you can do with actual cash. Also, blockchain-based digital "money" (quotes because there is no such thing, "cryptocurrencies" are purely speculative securities and that's it) need to be at the same time the currency, the long-term storage, and the transaction system.

On the contrary, GNU Taler is only a transaction system, and uses advanced cryptography and infrastructure that allow it to be bearer-based, i.e., actually decentralized transactions between two offline parties can take place. It can actually do digital cash, with buyers privacy, and all.

That said, I'm not saying we need such a technology. Only that it's clearly not cryptobro bullshit.

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#17

Post by some-username »

People should know that

1. it's not based on any kind of blockchain,

2. it's not a currency, it's a payment system which you could use to transfer other currencies (euro, dollar, ...) and

3. unlike most blockchain-based currencies it offers anonymity (only for buyers, not for sellers, though)

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#19

Post by some-username »

oaiey wrote: post #18

My question is: How does the average Jane and Joe benefits compared to Debit and Credit Cards? Privacy, they do not care. Being anonymous, they do not care. So a dead initiative?

My understanding here is that the main objective is to break up the MasterCard/Visa duopoly. I guess breaking up duopolies is always a win for the general public, no?

Re: EU NGI TALER will bring private and secure online payments to the Eurozone

#20

Post by sunshine_reggae »

> The initial investment into the required infrastructure is low and the payment mechanism operates more cost efficiently than existing payment solutions, with lower transaction fees - a benefit that will be shared by consumers and merchants.

> This makes even micro-payments possible, creating an interesting and privacy preserving alternative to subscription- or advertisement-based revenue for newspapers and other publishers.

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