strypey, (edited )
@strypey@mastodon.nzoss.nz avatar

Where to start with this failure of basic fact-checking:

https://token-information.com/the-gnu-thaler-digital-cash-without-blockchain/

First the persistent misspelling of Taler as "Thaler".

> GNU sounds like an African animal

It is, sometimes known as a wildebeest.

> But it is digital money

Nope. It's a currency-agnostic digital payment system.

(1/4)

strypey,
@strypey@mastodon.nzoss.nz avatar

> a joint project of the Swiss National Bank and the Bern University of Applied Sciences

Nope. It's developed as part of the GNU Project by Taler Systems SA:

https://taler-systems.com/

BEAS were involved in the first practical trial in 2020:

https://www.fsf.org/bulletin/2020/fall/free-software-payment-system-launches-at-swiss-university

... following which the SNB issued a paper co-authored with one of the Taler founders, and the creator of eCash:

https://www.snb.ch/en/mmr/papers/id/working_paper_2021_03

(2/4)

strypey,
@strypey@mastodon.nzoss.nz avatar

> Central banks are thinking about digital money

Nope. They are thinking about digital tokens that can represent money like cash does. Ok that one is a bit of a nitpick, but this piece is published on a site that claims to advise investors about digital finance. You'd think their writers would know the difference between money, cash, currency etc and use the right terms in the right places.

(3/4)

strypey,
@strypey@mastodon.nzoss.nz avatar

> [is] the thaler... a new cryptocurrency the answer to that question is yes and no. Yes, because it is digital cash

Nope. Again, cash and currency are two different things.

> No, because the thalers are not mined.

Lots of crypto-tokens are not mined. Even Ethereum doesn't use mining anymore, after switching to a proof-of-stake algorithm.

Two paragraphs in, this writer's credibility on this subject is looking a bit patchy.

(4/4)

bhaugen,
@bhaugen@social.coop avatar

@strypey
Please explain. (Unless you already did and I missed it...)

strypey,
@strypey@mastodon.nzoss.nz avatar

@bhaugen
> Please explain. (Unless you already did and I missed it...)

Which bit? Did you read the 4 posts in the thread and skim the linked article I'm quoting from?

bhaugen,
@bhaugen@social.coop avatar

@strypey
Sorry, I'm on it...

bhaugen,
@bhaugen@social.coop avatar
strypey,
@strypey@mastodon.nzoss.nz avatar

@bhaugen
> Is this the main paper you meant?

No, this one:
https://token-information.com/the-gnu-thaler-digital-cash-without-blockchain/

Linked in the first post in the thread:
https://mastodon.nzoss.nz/@strypey/110291073960554713

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