Free software advocate Dr. Richard Stallman discusses GNU Taler, a cryptocurrency alternative. Taler is not really a cryptocurrency, but can be used as a digital payment system. We asked Stallman about his experience with cryptocurrency and whether he has ever made a transaction with a cryptocurrency such as Bitcoin.
Free software is a political movement
The free software movement is a social movement that started with computer programmers, rejecting the idea of centralized control over creative work and promoting openness and transparency. The term ‘open source’ refers to the source code of computer programs that can be read by humans, rather than the compiled source code which is not accessible to non-programmers.
Free software has grown from this original concept into a wide variety of fields. It started with the development of the Linux operating system, which was made available to the public for free. From there, the movement has grown into various fields, including the internet and the medical industry.
Dr. Richard Stallman is an advocate for free software
An advocate for free software and cryptocurrency taler encryption, Richard Stallman has a wealth of experience in both fields. He co-founded the League for Programming Freedom in 1989 and has spent the majority of his career advocating for free software. He has fought against software patents and copyright laws, and has worked to keep software open and free from third-party censorship.
While he’s a proponent of cryptography and cryptocurrency, he’s an unlikely supporter of bitcoin. In fact, bitcoin’s early adopters were largely right-wingers. As a result, Stallman doesn’t find bitcoin enticing. But he’s a man of fine distinctions.
GNU Taler is based on cryptography but is not a cryptocurrency
GNU Taler is a free software payment system that is based on cryptography, but it’s not a cryptocurrency. It has been under development since 2014, and all of its components and documentation are free to use. Its first operational payment system took place in a Biel cafeteria on September 16, 2020.
Unlike many other cryptocurrencies, GNU Taler does not have a central database like Bitcoin or Ethereum. Rather, it uses building blocks to provide the logic needed to run a bank, exchange point, trading floor, wallet, and auditor. It also offers privacy.
It uses a “register-based system”
In contrast to the anonymous and decentralized nature of bitcoin, Taler’s encryption does not attempt to bypass a central authority. In fact, the system explicitly blocks tax evasion. This breaks away from the anti-government ethos and political orientation of bitcoin’s founders. Furthermore, since payments in Taler are made in the open, it is easier for governments to assess tax liabilities and prevent money laundering.
Taler does not currently have its own native asset, but the company is working on this. It currently accepts major currencies, such as dollars, euros, and yen. It could support a cryptocurrency in the future, though it is not yet clear how this will affect its system. In the long run, a blockchain-based system may replace Taler’s traditional banking system.
It is anonymous for the payer
Taler encryption is one of the many cryptography schemes, and it’s based on blind signatures. Developed by David Chaum, blind signatures are a way to protect digital assets from government oversight. It’s also designed to prevent tax evasion. While Taler does not require traditional banking systems, it can be integrated with other payment systems.
Stallman is an activist in the free software movement, having founded the Free Software Foundation and GNU Project. He has also written the GNU General Public License (GPL), which governs computer software. He has also published a number of computer programs, including GNU Emacs, the GNU operating system, and the GNU Make construction language.
It resists surveillance by governments
Cryptocurrency is a new way of doing banking, and a new project called Taler wants to make this new form of money even more secure. Based on blind signatures, which were invented by David Chaum, Taler aims to create digital money that cannot be hacked or watched by governments. In addition to this, its design specifically blocks tax evasion.
Taler is compatible with many different currencies, including bitcoin and euros. It is a decentralized system that plugs into a bank account, a blockchain, or a register-based system. This allows it to be used as an alternative to traditional banking systems. Since Taler is open-source software, developers can experiment with various implementations of the system.
It could be a cryptocurrency
Bitcoin isn’t the only digital currency that has privacy concerns. The GNU Project has proposed an alternative digital payment system based on cryptography, which is called Taler. Taler’s maintainer says that the project is designed for a world where Bitcoin and other digital currencies aren’t so common.
Taler can be integrated with a bank account or register-based system, or it can connect directly to a chain of blocks. Users are free to experiment with a variety of implementations. The system is free software, so no one needs to pay for it. The website is not affiliated with or sponsored by any of the companies mentioned, and is for informational purposes only. It is not intended as investment advice or as a replacement for your own financial advisor.