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

Post by a0-prw » Sat, Jan 20, 2024, 10:01 AM UTC

crotchfire wrote: post #82

asgeirn wrote: post #78

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This is exactly how the physical representation of money works as well. The central bank controls how many bills are in circulation, and the central bank regularly expires old bills and coins.

Only unstable third-world countries do that. The Bank of England honors all of its old banknotes: "There is no deadline to exchange old banknotes with the Bank of England." https://www.bankofengland.co.uk/banknotes/exchanging-old-ban... The United States has never demonetized any of its coins or banknotes. All of them are honored and are in fact still legal tender to this day -- even the $100,000 bill! https://en.wik…

Post by eigenket » Sat, Jan 20, 2024, 12:08 PM UTC

pasc1878 wrote: post #142

eigenket wrote: post #140

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I don't think the lack of such a system in the US is for the reason you think - all you do is tell your bank to send money to the account attached to whatever phone number you enter so it should be technically possible. As a former resident of the UK my feeling is that the lack of such system there is because most bank apps have traditionally been shit. Its probably better today but back in 2015 (when Blik launched)…

My Bank's app has been useful and easy to send money since it come out pre 2015. But the bank never had any branches and was phone only from the mid 1980s and then had a web front end I think in the 90s. Thus they knew what people needed before they wrote the app.

Post by TruthWillHurt » Sun, Jan 21, 2024, 1:27 PM UTC

mrd3v0 wrote: post #129

orwin wrote: post #112

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The last time I participated in a project with all those terms (not 'next gen, it was' future', but the idea is the same), it gave birth to the legislation that forces manufacturers to keep providing spare parts 10 years after product EOL, and to provide plans for independants builders after that. Long winded way of saying 'you're wrong'.

Not to mention the NGI is not a bunch of words, they have been funding many actionable projects including pretty much all the Fediverse.