this post was submitted on 06 Aug 2024
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Privacy

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[โ€“] possiblylinux127@lemmy.zip 3 points 3 months ago* (last edited 3 months ago) (1 children)

The problem with crypto is that is chaotic. It also has the major downside of being very computational and requiring a ton of energy.

In contrast Taler is a payment system not a crypto. You could technically could use crypto with Taler if you wanted to. Taler has lightning fast payments which have way less overhead.

In summary I think cash and crypto are good for small transactions such as paying a friend but for big businesses and normal shopping Taler is better

[โ€“] umami_wasbi@lemmy.ml 2 points 3 months ago* (last edited 3 months ago)

I think crypto can achieve stability, not by pegged to a fiat currency but commodity backed. There are also mechanisms and algorithms that can confirm transactions without using excessive energy, be fast, and private all in the same time. I still think crypto have a future. Yet I don't know how far that future is, but for now I will stay away from it as far as I can.