Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Thoughts on Cryptocurrency? (programming.dev)

submitted 7 months ago by actual_patience@programming.dev to c/privacy@lemmy.ml

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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[–] sugar_in_your_tea@sh.itjust.works 1 points 7 months ago

I wouldn't say "better," just different. GNU Taler is centralized, so it's only as reliable as the issuer, whereas cryptocurrencies are as reliable as the distributed network. So Taler can't replace a fiat currency, it's just a toolkit to create your own fiat currency.

So it's great for privacy-minded folks in stable economies, but not great for international transactions or transactions where central authority isn't trusted. Essentially, cryptocurrencies are supposed to replace precious metals and whatnot for barter.

So I'm excited to see what privacy products people make with things like GNU Taler because it can be used today, but something like Monero is preferred if it can stabilize and start being accepted in more places.