<story><title>EU NGI TALER will bring private and secure online payments to the Eurozone</title><url>https://taler.net/en/news/2024-02.html</url></story><parent_chain></parent_chain><comment><author>Animats</author><text>&lt;i&gt;Where is the balance in my wallet stored?&lt;/i&gt;&lt;p&gt;&lt;i&gt;Your wallet stores digital coins and thus ultimately your computer holds your balance. The exchange keeps funds matching all unspent coins in a settlement account.&lt;/i&gt;&lt;p&gt;&lt;i&gt;What if my wallet is lost?&lt;/i&gt;&lt;p&gt;&lt;i&gt;Since the digital coins of value in your wallet are anonymized, the exchange can not assist you in recovering a lost or stolen wallet. Just like with a physical wallet for cash, you are responsible for keeping it safe.&lt;/i&gt;&lt;p&gt;&lt;i&gt;The risk of losing a wallet can be mitigated by making backups or keeping the balance reasonably low.&lt;/i&gt;[1]&lt;p&gt;Ah. This is Chaum&amp;#x27;s DigiCash, from 1990.[2] A good idea, too early.&lt;p&gt;It&amp;#x27;s a system where coins are protected against double-spending by a database back-end.
Which is how some centrally issued cryptocurrencies actually work.&lt;p&gt;The half-anonymity is interesting. The recipient is not anonymous, but the sender is. That
may make it a politically acceptable substitute for cash.&lt;p&gt;It has the nice property that, unlike debit cards, etc., the recipient can&amp;#x27;t take more of your money than you give them.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;taler.net&amp;#x2F;en&amp;#x2F;faq.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;taler.net&amp;#x2F;en&amp;#x2F;faq.html&lt;/a&gt;&lt;p&gt;[2] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;DigiCash&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;DigiCash&lt;/a&gt;</text></comment>
<story><title>EU NGI TALER will bring private and secure online payments to the Eurozone</title><url>https://taler.net/en/news/2024-02.html</url></story><parent_chain></parent_chain><comment><author>some-username</author><text>People should know that&lt;p&gt;1. it&amp;#x27;s not based on any kind of blockchain,&lt;p&gt;2. it&amp;#x27;s not a currency, it&amp;#x27;s a payment system which you could use to transfer other currencies (euro, dollar, ...) and&lt;p&gt;3. unlike most blockchain-based currencies it offers anonymity (only for buyers, not for sellers, though)</text></comment>