Tirifto on Nostr: npub1y0emt…smm9n I’m not sure I follow; what issues do you see in Taler that ...
npub1y0emt2wlpsezcnmxtyrpf33qe7gwy5u8yzssvv6uw53em0k32t7q7smm9n (npub1y0e…mm9n) I’m not sure I follow; what issues do you see in Taler that would aid in money laundering? Taler is anonymous for the payer (the customer), but not for the payee (the merchant).
By my understanding, you as a user do not deposit your funds. You exchange money in some form (say, via a bank transfer) for Taler tokens corresponding to a given currency. These tokens are stored locally in your wallet, on your own device; you retain full ownership of them. When you make a purchase, you pay the merchant with said Taler tokens, and the merchant, in turn, exchanges the tokens for money in some other form. The exchange is unable to trace the ownership of the tokens back to you; it only knows the identity of the merchant who’s finally exchanged the tokens back for money.
Therefore, the merchant’s income with Taler payments can be tracked, but the identity of customers paying with Taler can not, at least not using the system itself.
By my understanding, you as a user do not deposit your funds. You exchange money in some form (say, via a bank transfer) for Taler tokens corresponding to a given currency. These tokens are stored locally in your wallet, on your own device; you retain full ownership of them. When you make a purchase, you pay the merchant with said Taler tokens, and the merchant, in turn, exchanges the tokens for money in some other form. The exchange is unable to trace the ownership of the tokens back to you; it only knows the identity of the merchant who’s finally exchanged the tokens back for money.
Therefore, the merchant’s income with Taler payments can be tracked, but the identity of customers paying with Taler can not, at least not using the system itself.