@SuperDicq @xianc78

And how does it secure itself?

@CapitalB@noauthority.social @xianc78@gameliberty.club Transactions are done using blind signatures through an exchange (usually a bank or payment provider).

@SuperDicq @xianc78

Ahwas, so sanctioned countries dont work?

@CapitalB@noauthority.social @xianc78@gameliberty.club Taler is specifically designed to not allow you to do illegal things with your money such as tax evasion (which includes avoiding sanctions). It is meant for business transactions.

You should see Taler as a free software replacement for something like MasterCard or Visa. It's a payment system so the money still goes from bank to bank.

Cryptocurrency (in general) on the other hand is more like digital cash. Anonymous and freely exchanged between anyone without a middleman. So I think cryptocurrency still has a good usecase, such as this.

@SuperDicq @xianc78 @CapitalB that might be overselling it. it's designed around a single authority issues and dissolves-upon-return a currency like a central bank, but the tokens once issued can be traded anonymously. this includes with merchants.

the exchange can say "we issued 500 memes to moon on day x, we received 200 memes from superdicq on day x+1" but anything outside of that is blinded. (there's the older lucre token paper about this kind of mechanic. it was some fun math.)

lucre tokens in particular are a "we can issue a token we can verify came from us, but we intentionally don't know what process it took to return" which made them useful for hypothetical privacy features like a dark search engine.

@SuperDicq @CapitalB @xianc78 unless stuff changed or i'm misremembering, it's a lot more like a digital gold certificate only good for a specific warehouse than anything.

@icedquinn@blob.cat @CapitalB@noauthority.social @xianc78@gameliberty.club And what exactly do you think a MasterCard transaction is?

@SuperDicq @icedquinn @xianc78 @CapitalB cant believe they dont name it maincard

my niggas stay sneedin

@SuperDicq @xianc78 @CapitalB mastercard is a credit account. taler doesn't control the tokens upon leaving the exchange afaik.

@icedquinn@blob.cat @xianc78@gameliberty.club @CapitalB@noauthority.social No, the credit account is at your bank. MasterCard just handles the transactions and issues the cards.

@SuperDicq @xianc78 @CapitalB apparently we are not communicating. shame.

@SuperDicq @xianc78 @CapitalB One could argue that the security of blind signatures is based on proof of work (in theory they can be bruteforced), but that would be silly as it would apply to all cryptography other than one-time pads.