Monero

You ever wonder why GNU Taler for some reason seems to be everywhere? Seems to have like advertising money to be everywhere, unlike basically every other GNU project? Because it's a backdoor to a central bank digital currency (CBDC) which will be one of the greatest threats to personal liberty and freedom in our lifetime. That's why you'll see "Funded by the EU" and a host of banks listed on their funders page. You know, the same EU that wants chat control.

Money you can only spend certain places? A CBDC can do that! Money that expires if you don't spend it fast enough? A CBDC can do that! Money that can disappear if you decide to be a dissident? A CBDC can do that too! But don't take my word for it, ask Taler's FAQ:

Taler e-money is issued with a validity period. One month before the expiration date, you wallet should automatically exchange any digital cash that is about to expire for new digital cash with an extended validity period. However, if your wallet is offline for an extended period of time, it may be unable to do so. Ensure your wallet is regularly online to avoid losing money due to expiration!

We believe the European Electronic Money Directive provides part of the regulatory framework a Taler exchange with coins denominated in Euros would have to follow.

Oh, and it doesn't work for international transfers either. And it's going above and beyond to make sure you're only "private" under certain conditions:

As a payment system must comply with local laws in order to operate legally, GNU Taler must be designed to comply with these requirements. GNU Taler must provide an audit trail for investigators operating under the law. Furthermore, we consider levying of taxes as beneficial to society, and fair taxation requires income transparency. Thus, GNU Taler must enable authorities to track income.

Weird. I didn't see anything in the Bitcoin source code about that, but apparently Taler thinks it's their moral responsibility to make sure the authorities have total financial surveillance over their subjects. Taler, in this description, offers less privacy than cash or even a typical bank account. And it gets worse, even small transactions between friends are monitored:

Taler supports push and pull payments between wallets (also known as peer-to-peer payments). While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete.

How about, no? How about me paying 50 to a guy for fixing my bike doesn't need to be intermediaried and KYCed? How about it's none of the government's business how I split the bill at dinner with friends? This level of surveillance is madness.

And their FAQ deliberately spreads FUD about Bitcoin. From their FAQ

It would be possible, however, to withdraw coins denominated in Bitcoin into a Taler wallet (with an appropriate exchange), which would give some benefits over plain Bitcoin, such as instant confirmation times.

Wrong. Fud. Bitcoin lightning offers instant confirmation times, fully settled, instant confirmation times. Taler isn't self-custody. Putting Bitcoin in a taler wallet means trusting Taler and co not to rug you, no thanks. Taler isn't international, Taler requires KYC to use, it's worse than cash. Unlike Taler, your Bitcoin can't be programmed by the government to "expire" if you don't use your public assistance or wages in time. We all have to do our part to keep the economy going!

GNU Taler seems like the final pleas of a desperate soon-to-be-ex, "I'll stop, I promise! I'll do better this time, I'll even give you some privacy! Just don't leave!". But it's not about the privacy, is it? Really? It's about the lack of trust, the lack of sovereignty. People have lost trust in governing institutions, they have seen the value of their currency inflated away no matter which party is in charge, they have seen massive privacy violations again and again, they have seen the slow but steady creep of authoritarianism and state control over our lives, they have had to fight EU chat control year after year, and they are opting out of these systems through decentralized, trustless alternatives. The beauty of Taler, of course, from the perspective of the state, is that it enables these system to provide us with "privacy" while still maintaining total state control and centralization. Decentralized identity credentials are the future, not centralized ones. Decentralized currencies are the future, not centralized ones. The future is here, and this is the last gasp of a dying system trying to keep you ensnared in its web of control.

Final overview:

• International transactions to anywhere on earth? ✅ Bitcoin ❌ Taler
• Money that doesn't expire? ✅ Bitcoin ❌ Taler
• Wallet can safely go offline without losing funds due to expiration? ✅ Bitcoin ❌ Taler
• Money you can use even if you are a dissident and the govt wants to shut down your account? ✅ Bitcoin ❌ Taler
• Fully self-custody? You control the money, not anybody else? ✅ Bitcoin ❌ Taler
• 100% FOSS? Anybody can run a node/be a full network participant? ✅ Bitcoin ❌ Taler (must be approved by govt)
• Can be used without trusting a centralized entity? ✅Bitcoin ❌ Taler
• Will work even if EU government collapses or your country gets kicked out? ✅ Bitcoin ❌ Taler
• High degree of privacy (when used properly)? ✅ Bitcoin ❌ Taler
• Instant settlement? ✅ Bitcoin ✅ Taler
• Known, auditable supply which can't be manipulated by money printing or a 2-3% "inflation target"? ✅ Bitcoin ❌ Taler
• Able to use without providing ID? ✅ Bitcoin ❌ Taler
• Not part of financial surveillance infrastructure wet dream that EU wants? ✅ Bitcoin ❌ Taler