ModerateImprovement@sh.itjust.works to Privacy@lemmy.ml · 3 months agoDoes GNU Taler provide all the privacy benefits of crypto without any drawbacks?taler.netexternal-linkmessage-square32fedilinkarrow-up158arrow-down18
arrow-up150arrow-down1external-linkDoes GNU Taler provide all the privacy benefits of crypto without any drawbacks?taler.netModerateImprovement@sh.itjust.works to Privacy@lemmy.ml · 3 months agomessage-square32fedilink
minus-squarejetAlinkfedilinkEnglisharrow-up1·3 months agoSure, I agree with that… Taler is like a decentralized protocol where every transaction has to be tied to a fully KYCed CEX. (Know your customer, central exchange/bank).
minus-squarepoVoq@slrpnk.netlinkfedilinkarrow-up2·3 months agoThat’s not quite how Taler works. Yes, the exchange will know when you generate Taker tokens from fiat, but that is similar to going to an ATM and getting cash. Afterwards the exchange has no means to track what you spend the tokens on.
Sure, I agree with that…
Taler is like a decentralized protocol where every transaction has to be tied to a fully KYCed CEX. (Know your customer, central exchange/bank).
That’s not quite how Taler works. Yes, the exchange will know when you generate Taker tokens from fiat, but that is similar to going to an ATM and getting cash. Afterwards the exchange has no means to track what you spend the tokens on.