News for hackers. Stuff that matters.

A comment on Short on Money, Cities Around the World Try Making Their Own. Parent comment

Re:Short on Money, Cities Around the World Try Making Their Own by giancarlostoro on Tuesday August 11, 2020 @08:41AM (#24119660)
There is a GNU currency that is like that but I dont understand how it will ever work with the "honor system" lol I dont see whats stopping me from poisoning the well.
[ Parent | on HN ]
Re:Short on Money, Cities Around the World Try Making Their Own by antsoul on Tuesday August 11, 2020 @01:51PM (#24123399)
GNU Taler is electronic money, not a currency. Neutral, every one can make its own currency. Transaction is secure (trust in the e-money) because of GNUnet; it even addressed the Sybil attacks concerns.

Trust on the currency comes from real life trust. A bank for the Euro. A human for a novel human-made currency.

Then, Exchanges that trust 2 different currencies can buy/sell those currencies.

[ Parent | on HN ]