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Richard Stallman Criticizes Bitcoin, Touts a GNU Project Alternative (coindesk.com)
Richard Stallman doesn't like bitcoin, and has never used it, reports CoinDesk:
To Stallman, bitcoin isn't suitable as a digital payment system. His biggest complaint: bitcoin's poor privacy protections. He told CoinDesk, "What I'd really like is a way to make purchases anonymously from various kinds of stores, and unfortunately it wouldn't be feasible for me with bitcoin." Using a crypto exchange would allow that company and ultimately the government to identify him, he said.... Asked what he thought about so-called privacy coins, Stallman said he'd gotten an expert to assess their potential, and "for each one he would point out some serious problems, perhaps in its security or its scalability." And speaking broadly, Stallman continued: "If bitcoin protected privacy, I'd probably have found a way to use it by now."
Fortunately, Stallman's GNU Project has a better answer: The GNU Project, which Stallman founded, is working on an alternative digital payments system called Taler, which is based on cryptography but is not -- forgive the hair-splitting -- a cryptocurrency. The Taler project's maintainer Christian Grothoff told CoinDesk that the system is, rather, designed for a "post-blockchain" world.... It's based on blind signatures, a cryptographic technique invented by David Chaum, whose DigiCash was among the first attempts at creating secure electronic money. Plus, Taler's attempt to create a digital money that resists surveillance by governments and payments companies aligns it with many cryptocurrency projects.
Yet, Taler does not attempt to bypass centralized authority. Payments are processed by openly centralized "exchanges" rather than peer-to-peer networks of miners because, Grothoff said, such a system "would again enable dangerous, money laundering kind of practice." Indeed, in a break with the anti-government ethos that has tended to characterize bitcoin and some of its peers, Taler's design explicitly tries to block opportunities for tax evasion.... Privacy in the Taler system, then, is limited to users spending their digital cash. They are shielded from surveillance because, Grothoff said, "the exchange, when coins are being redeemed, cannot tell if it was customer A or customer B or customer C who received the coin, because they all look identical from the exchange. Nobody," he added, "exactly knows who has how many tokens." Merchants (or anyone) receiving payments, on the other hand, do so visibly and in the open, making it possible for governments to assess taxes on their income -- not to mention harder for the recipients to participate in money laundering....
Currently, Taler is in talks with European banks to allow withdrawal into the Taler wallet and also re-deposit from the Taler system back into the traditional banking system.
"I wouldn't want perfect privacy," Stallman says in the interview, "because that would mean it would be impossible to investigate crimes at all. And that's one of the jobs we need the state to do."
Fortunately, Stallman's GNU Project has a better answer: The GNU Project, which Stallman founded, is working on an alternative digital payments system called Taler, which is based on cryptography but is not -- forgive the hair-splitting -- a cryptocurrency. The Taler project's maintainer Christian Grothoff told CoinDesk that the system is, rather, designed for a "post-blockchain" world.... It's based on blind signatures, a cryptographic technique invented by David Chaum, whose DigiCash was among the first attempts at creating secure electronic money. Plus, Taler's attempt to create a digital money that resists surveillance by governments and payments companies aligns it with many cryptocurrency projects.
Yet, Taler does not attempt to bypass centralized authority. Payments are processed by openly centralized "exchanges" rather than peer-to-peer networks of miners because, Grothoff said, such a system "would again enable dangerous, money laundering kind of practice." Indeed, in a break with the anti-government ethos that has tended to characterize bitcoin and some of its peers, Taler's design explicitly tries to block opportunities for tax evasion.... Privacy in the Taler system, then, is limited to users spending their digital cash. They are shielded from surveillance because, Grothoff said, "the exchange, when coins are being redeemed, cannot tell if it was customer A or customer B or customer C who received the coin, because they all look identical from the exchange. Nobody," he added, "exactly knows who has how many tokens." Merchants (or anyone) receiving payments, on the other hand, do so visibly and in the open, making it possible for governments to assess taxes on their income -- not to mention harder for the recipients to participate in money laundering....
Currently, Taler is in talks with European banks to allow withdrawal into the Taler wallet and also re-deposit from the Taler system back into the traditional banking system.
"I wouldn't want perfect privacy," Stallman says in the interview, "because that would mean it would be impossible to investigate crimes at all. And that's one of the jobs we need the state to do."
Its private, supposedly, but by design it requires a centralized authority and also by design it can easily be controlled and shutdown on the merchant end anytime the powers that be want. So in other words we have a boondoggle johnny come lately with the worst of both worlds neither the governments or the antigovernment side wants or needs. Maybe Stallman fried his brain some years back toking MJ and thats why he's changed from OS pioneer to jumping on and trying to split the difference on every hipster and SJW tech trend these days.
me thinks you are highly optimistic over quantum computers.
You are missing the point of this. It's about preventing companies like Visa and Mastercaard monitoring all your transactions, and about making sure that the government has to follow legal process to get that information.
Have a National Security Letter. We'll take everything please, and kindly remember the part that says you're not allowed to tell anyone.
Seems nobody who's into alternative currencies, whether "blockchain" based or not, understands the principle by which money gets and retains its value, even though it's perfectly simple. No, it's neither by government decree nor by belief, that would be too simple, but then again it's only slightly more complex. It is by the objective trustworthiness of the promise that money invested in the currency area will come back as more money, meaning how reliably the promise is backed by the industry's profitability and growth within the currency area. Any alternative currency needs to be widely established and used in production, commerce and the payment of wages, before it gets such an ability, or the value needs to be fixed to an existing 'real' currency with an institution that can reliably guarantee the exchange into that currency.
But an estimate is not a hard deadline.
Semantics. Wether it takes four or six years matters little. We must still attend to reality.
It's a kind of virtue signalling, except that most of the people who read it think you are an idiot.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC