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Comment by ETH_start

"3. Auditability - enable the state to tax income and crack down on illegal business activities

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."

GNU Taler: Principles https://www.taler.net/en/principles.html

There is a third party — the exchange — that records everything that the merchant receives. It's explicitly designed not to be peer-to-peer. This exchange acts as a gatekeeper and the state's delegate, for the purposes of gathering financial information on private citizens.

parent ETH_start 7 days ago

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