Comment by 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).
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’.
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.
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.
That doesn't mean the number of units in the financial system has to go up. Their value can simply go up.
That incentives not participating in the economy instead of participating in the economy.
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