On P2P payments from their FAQ: “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.”
How about, no? How about me paying €50 to my friend for fixing my bike doesn’t need to be intermediated, KYCed, and blocked if they don’t approve of it or know who the recipient is? How about it’s none of the government’s business how I split the bill at dinner with friends? This level of surveillance is madness, especially coming from an app that touts “privacy” as a feature.
GNU Taler is a trojan horse to enable CBDC adoption. They are the friendly face to an absolutely terrifying level of government control in our lives funded by the same government that tries every year to implement chat control. Imagine your least favourite political party gaining power. Now imagine they can see and control every transaction you make. No thanks.
You people realize that most crypto is even less private? Every transaction ever can be viewed by everyone, forever, by design.
Sure, a crypto wallet might not have your name on it when created, but good luck buying or selling any without giving away your identity.
Monero fixes this
Monero completely removes any kind of accountability.
So does literally any good privacy tool
So does encryption, and peer to peer conversations, and talking to your neighbor, and trading things at the swap meet.
Requiring absolute central control removes freedom from people and removes accountability from governments.
For one Taler doesn’t enforce central control. Also it protects the identity of the person paying but not the seller. This means it is easy to hold a business accountable but hard to try and track customers. Overall this is a much healthier system that protects the consumer.
There’s some truth to this but it’s also not really the case.
Yes. But the draw is that it is still leagues easier use privately than the traditional banking system. With cryptocurrency, you “only” need proper understanding of OPSEC. With banking system - you also need to break the law somewhere in the KYC process.
Yes, most crypto are totally useless, for privacy or anything else other than lottery and heating the home. But why are those discussed any further than just telling not to use them?
https://www.privacyguides.org/en/cryptocurrency/
Because everything in life has a trade-off, and talking about the utility, and the costs, is a reasonable thing to do. And yes there are ways to enable greater levels of privacy online using cryptocurrency then any other method available to us. So it is worth a discussion sometimes