Elias @eliasr@librem.one

@ZedPM

Hello, welcome!

@probablyjohnfunk

Awesome! Welcome to the fediverse

@FediFollows

@probablyjohnfunk You should follow me, definitely 🙂

Also check the stuff listed by @FediFollows

@loke

> One solution could be that the
> digital cash has an expiry time,
> and if they are not circulated back
> into the system within a certain
> time they become worthless.

Good idea, should be fine if the purpose is like cash, for transactions, it's anyway not meant for storing value over long time.

The central bank could then detect if some money has been lost (due to such timeout), and re-issue that amount if desired.

@neil @x_cli

@loke

I agree that it would be possible to destroy cash, but why would anyone want to do that, to destroy cash that you yourself own and presumably worked hard for? Is that really a problem in practice?

@neil @x_cli

@neil

Of course such a system would not be a true "digital currency" since it is just a kind of extension of the existing currency. But it could be useful. Not for a true escape from the centrally controlled current financial system, but as a way of doing digital payments. The central bank would have a hard time blocking anyone because even though they see transactions happening, they would not know who is who.

4/4

@x_cli

@neil

A transaction where A gives a coin to B would then be handled by A creating a digitally signed message saying "the new owner of this coin is now this public key", specifying the public key of B. The central bank registers this transaction and B can verify that their public key is really registered as owning the coin. The central bank will not know who B is, it would only store a pub key without knowing who has the private key.

3/?

@x_cli

@neil

It would be technically pretty easy, I think, to setup an official digital system that is just another form of the regular currency, like pounds sterling, where the system only kept track of "who owns this coin?" in terms of a public key without knowing or caring about the identity of the key holder.

2/?

@x_cli

@neil

If you're not worried about the pounds sterling currency losing its value or being manipulated or so, then a central-bank issued digital sterling could be fine, I guess, provided that they did it in a way that reasonably respects digital rights.

1/?

@x_cli

@neil Good question. I don't know any such thing.

That did not stop me from leaving LinkedIn though, feels like I'm better off without it 🙂

@toxy Go for it 🙂

@toxy

You are the winner!

Which film has this scene?

One person talks in front of a crowd, calling out to them:

- "We are all different!"

Everyone in the crowd hums like they all agree, except one guy in the back who shouts:

- "I'm not!"

@stoicswe@mastodon.social

> Any other #linux users out there?

Are you kidding?

This place is full of Linux users 🙂

@hehemrin Ja det är kanske lite av en smaksak vad man är mest rädd för.

För min del är jag mer rädd för jättarna Apple&Google&co och den makt de har idag. Svenska banker, även så kallade "stor"-banker, är relativt små och harmlösa aktörer i jämförelse tänker jag. 🙂