this post was submitted on 04 Aug 2024
713 points (86.9% liked)
Technology
59405 readers
2892 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Cryptocurrency is speedrunning ruining everything. We might as well have a laugh at the cryptobros' expense in the meantime.
I loved the concept at first, the idea of a decentralized currency all handled by encryption, and transactions permamently stored in a public ledger for all to see.
Then the cryptobros and the scammers caught wind of it and it's all downhill from there.
If you want the name of a payment techology that isn't snake oil, isn't blockchain-based, isn't a cult, doesn't claim to be a currency, doesn't work on proof-of-work or proof-of-stake, but actually does provide certain privacy guarantees for your basic purchasing needs, is cryptographically secure, and can be used with only FOSS, I recommend looking into GNU Taler.
The only downside is that it's not really supported anywhere at all yet. But I do hope it becomes a real thing some day.
AFAIK there's a lot of talk about making GNU Taler the basis for the 'digital Euro' which is curently being debated at the EU Parliement.