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A comment on 25M Brits would struggle in a cashless society. Parent comment

Re:25M Brits would struggle in a cashless society by arminiusreturns on Saturday March 16, 2019 @12:29PM (#19408624)
Sometimes having principles and sticking to them puts me in unfavorable situations like that, but to be honest I still feel the same way about bitcoin. Because of missing out though I never really got back into the coin scene, but I do like monero/zcash for their privacy features, but I have a hard time buying the idea that any coin based off wasting compute cycles and energy on arbitrary math is going to be a real coin of the future.

A coin that uses all that compute to work on protein folding or other big problems that also has privacy would be something I would really like to see.

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Re:25M Brits would struggle in a cashless society by teddyh on Saturday March 16, 2019 @02:20PM (#19409292)
What is your opinion of GNU Taler?
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Re:25M Brits would struggle in a cashless society by Avamander on Saturday March 16, 2019 @03:56PM (#19409849)
Not who you asked this from, but in my opinion it has a huge problem of any mistakes being unfixable - either you mistransact or get scammed - taler provides no way to fix that.
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Re:25M Brits would struggle in a cashless society by teddyh on Saturday March 16, 2019 @04:28PM (#19410074)
I don’t get it – if you could just take it back whenever, it wouldn’t be “money”, now would it?
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Re:25M Brits would struggle in a cashless society by majewsky on Saturday March 16, 2019 @07:29PM (#19411097)
It would be money, but not cash. I can absolutely take back a Paypal transaction with buyer protection.
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Re:25M Brits would struggle in a cashless society by teddyh on Saturday March 16, 2019 @10:11PM (#19411778)
And, just like money is a layer built on top of cash, I assume that one could build a third-party escrow service on top of GNU Taler which has this “buyer protection” feature, with the added bonus of not one actor having a monopoly on it – whereas if Paypal stops liking you, you are out of luck.
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Re:25M Brits would struggle in a cashless society by Avamander on Sunday March 17, 2019 @12:51PM (#19414929)
There are other alternatives to Paypal as well. This feature should be built into the currency instead of just forcing everyone to reinvent the wheel for zero benefit.
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