[Arm-netbook] EOMA68 / Libre RISC-V team financing

[Adam Van Ymeren]

On December 28, 2017 12:17:14 PM EST, Pen-Yuan Hsing <penyuanhsing at gmail.com> wrote:
>Interesting, I haven't heard of GNU Taler. But please excuse my 
>ignorance: Reading the official website doesn't help me understand 
>exactly what it is. Can you explain (or link to a good explanation)?
>
>On 28/12/17 17:11, Julie Marchant wrote:
>> gnu taler seems sufficient to me. We don't need crypto currency, a
>way to anonymously and securely transfer actual money should do just
>fine.
>> --
>> Julie Marchant
>> https://onpon4.github.io
>> 
>> On Dec 28, 2017 11:32 AM, Luke Kenneth Casson Leighton
><lkcl at lkcl.net> wrote:
>>> On Thu, Dec 28, 2017 at 3:07 PM, Sam Huntress
><samhuntress at gmail.com> wrote:
>>>
>>>> Currently Bitcoin is an insane gold-rush bubble that is frivolous
>and
>>>> wasteful but it has the potential to balance out into the secure,
>>>> distributed, democratized digital currency it was designed to be
>and I
>>>> think that is something worth spending energy on.
>>>
>>> indeed...  would it not be worthwhile, do you think, to leverage
>>> *this* opportunity... such that the funds were available to *create*
>>> an eco-responsible coin that is *properly* libre, properly
>>> peer-to-peer distributed, and so on?
>>>
>>> look at what i put out only a few weeks ago, we analysed at least
>two
>>> alt-coins that, whilst the people behind it had their hearts in the
>>> right places they *still* did not fundamentally get it.
>>>
>>> if we don't do this "properly" then those alt-coins will be all that
>>> is available... oh and bitcoin.  is that something we really really
>>> want?
>>>
>>> gone midnight here (julie) i'll write a more complete reply
>tomorrow.
>>>
>>> l.
>
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GNU Taler is like a digital IOU system.

It issues cryptographic tokens that are basically like IOUs for fiat currency.  I transfer money from my bank to an exchange and receive tokens.  I spent my tokens with a vendor.  The vendor redeems tokens with the exchange to get fiat money into their bank account.

Theres more too it in the protocols that provides anonymity for the spender and an auditable log for the exchange, the ability to provide "change" for a transactio, nbut that's the gist of it.