Comment by F3nd0

10 hours ago

> It's "money" but it has to be permanently connected to the Internet and it *expires* if disconnected for too long??

Staying disconnected is not what makes them expire, but you need connection to ‘renew’ them before they do expire, if you plan on keeping your tokens for a very long time (say, years). At least that’s my reading of it.

> This is infinitely worse than Bitcoin.

If we only consider this single aspect and ignore all the other ways in which it’s arguably better than Bitcoin, then yes.

7 comments

F3nd0

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greenavocado  10 hours ago

To be fair, in today's clown world inflation has eaten 50% of your cash holding real value in 5 years. The only way to stay "ahead" is to dispose of your cash in exchange for securities (and not whatever this is).

  • F3nd0  9 hours ago

    Taler is a payment system used with existing currencies. It’s neither a currency nor an investment asset. It’s a way to pay for stuff without giving up your privacy, not for staying ‘ahead’.

    • gitanovic  2 hours ago

      Alas being it not as anonymous as actual cash, I wonder how it preserve privacy.

      From the FAQ https://www.taler.net/en/faq.html

      Taler supports push and pull payments between wallets (also known as peer-to-peer payments). While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete.

  • immibis2  6 hours ago

    The total value in the financial system will always be forced to match the total value existing in the real world, one way or another. This is inevitable with any financial system, and it usually takes place by a rapid devaluation of whatever people are holding lots of.