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.
How are you tracing cash?
I guess he means the banknotes having individual numbers on them. However, that still doesn’t give full automatic traceability - between these being recorded, a lot can happen to the banknote.
Agreed. You can identify cash, but it doesn’t have traceability built in. So the private transactions between two people are only identifiable if you get the cash before and after the transaction. You don’t have any idea about the intermediate path it took
That’s why I like it. It still can be used to bust crime but it is to difficult to track everyone in mass.