Stefan Mileschin

His project has come up with something better

Open Sauce Guru Richard Stallman doesn't like Bitcoin because of its poor privacy and his GNU Project has come up with something better.

Talking to Coindesk, Stallman said that while he likes the idea of making purchases anonymously from various kinds of stores, the existing process is flawed.

He said that using a crypto exchange would allow that company and ultimately the government to identify him.

Privacy coins were also flawed for either security or its scalability issues.

Stallman continued: "If Bitcoin protected privacy, I'd probably have found a way to use it by now."

"I wouldn't want perfect privacy", Stallman says in the interview, "because that would mean it would be impossible to investigate crimes at all. And that's one of the jobs we need the state to do."

Stallman is working on an alternative digital payments system called Taler, which is based on cryptography.

The Taler project's maintainer Christian Grothoff told CoinDesk that the system is designed for a "post-blockchain" world.

It's based on blind signatures, a cryptographic technique invented by David Chaum, whose DigiCash was among the first attempts at creating secure electronic money.

https://fudzilla.com/news/memory-and...-hates-bitcoin