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Cake day: January 27th, 2025

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  • To be clear there is nothing “more” taxable about taler than crypto, it’s just integrated with the traditional banking system by design while crypto is self-reported. Also since taler is a payment processor and not a currency, that tax is presumably sales tax rather than capital gains tax. I don’t know if this qualifies as “better” than crypto for payments, I’d say really depends on what your use case is, but I appreciate that taler tackles the problem of paypal by simply doing open source paypal, rather than invent a whole self-sovereign currency.


  • It’s a novel data structure, we can refer to it like we do other data structures: Linked lists, hash tables, primitives. The branded implementation of these things is what we typically make singular: Bitcoin, ethereum, monero (bittorrent, activitypub…)

    Bittorrent implements a torrent swarm, activitypub implements a federated social network.


  • infinitesunrise@slrpnk.nettoMicroblog Memes@lemmy.world17 years*
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    11 days ago

    This guy’s feed is sad. It’s fine to oppose bitcoin, but if you’re an anti-capitalist IMO there are many more valid targets to spend literal years tweeting against daily. Dude cares a lot about the externalities of propping up a currency yet he hasn’t said a peep in all this time about the US military.


  • Cryptocurrency development makes a whole bunch of arbitrary value-guided decisions during creation, all of these decisions have tradeoffs such that nobody has figured out a way to feature them all at the same time, or would they want to.

    For example, bitcoin is fully auditable. Anyone with a copy of the bitcoin blockchain can review every single transaction in bitcoin’s history, and trace the flow of every last satoshi from it’s mining to today. This is because the developers of bitcoin place a high value on verifiable auditability and security. Conversely monero was developed for the purpose of being a completely untraceable, unauditable currency that still has a knowable supply. And ethereum was created in a manner that intentionally supported scripting, so that it could be used as a platform for novel applications and contracts. None of these primary features could be ported to either of the other two without breaking them completely, because of the deep programmatic implications of the requirements.

    It’s not really a question of better or worse, but of use case. The fact of the matter is that the reason these three examples are the leading currencies for their use case is literally because nobody has yet been able to do a better job. And for bitcoin at least, at this point it’s security rests just as much in it’s wide adoption and interest as it’s design intent, so it’s unlikely that anyone ever will.


  • This is a good comment that makes all good points. But I just wanna say let’s stop saying “blockchain” singular and with no preceding article like we’re tech CEOs and it’s some immutable god. They’re blockchains, plural, like any other data structure there can be more than one and there are. eg The blockchain of ethereum is distinct from the blockchain for bitcoin but they are both blockchains.