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| author | Jeff Burdges <burdges@gnunet.org> | 2016-08-12 01:45:46 +0200 |
|---|---|---|
| committer | Jeff Burdges <burdges@gnunet.org> | 2016-08-12 01:45:46 +0200 |
| commit | cb5e1f3331b9bb034ce333b2c197090df5b259c2 (patch) | |
| tree | 33cb9f29acf8390aafa6da15ca12fc31aa513d44 /articles | |
| parent | ec125f24b8fabe01c24ca2a0e2c73b03f030b120 (diff) | |
Related work comments on BOLT
Diffstat (limited to 'articles')
| -rw-r--r-- | articles/ui/btc.bib | 9 | ||||
| -rw-r--r-- | articles/ui/ui.tex | 19 |
2 files changed, 26 insertions, 2 deletions
diff --git a/articles/ui/btc.bib b/articles/ui/btc.bib index b28be2c41..556a17b50 100644 --- a/articles/ui/btc.bib +++ b/articles/ui/btc.bib @@ -180,3 +180,12 @@ year={2013}, organization={IEEE} } + +@misc{BOLT, + author = {Matthew Green and Ian Miers}, + title = {Bolt: Anonymous Payment Channels for Decentralized Currencies}, + howpublished = {Cryptology ePrint Archive, Report 2016/701}, + year = {2016}, + note = {\url{http://eprint.iacr.org/2016/701}}, +} + diff --git a/articles/ui/ui.tex b/articles/ui/ui.tex index 765efcf02..41eaca4d4 100644 --- a/articles/ui/ui.tex +++ b/articles/ui/ui.tex @@ -340,8 +340,23 @@ development of new protocols with better privacy protections. Zerocoin \cite{miers2013zerocoin} is such an extension of Bitcoin: It affords protection against linkability of transactions, but at non-trivial additional computational costs even for -spending coins. This currently makes using Zerocoin unattractive for payments -with mobile devices. +spending coins. This currently makes using Zerocoin unattractive +for payments, espcially with mobile devices. + +There are a variety of efforts to confront Bitcoin's scaling problems +with off-blockchain techniques, like side-chains. % \cite{???} +Amongst these, the Blind Off-chain Lightweight Transactions (BOLT) +proposal \cite{BOLT} provides anonymity by routing off-blockchain +transfers through bank-like intermetdiaries. Although interesting, +there are numerous fragile seemingly aspects of the BOLT protocol, +including aborts deanonymizing customers, intermetdiaries risking +unlimited losses, and theft if a party fails to post a refute message. +As BOLT requires semi-centralized intermetdiaries anyways, +we expect a Taler exchange operating in BTC to offer stronger +security to all parties and stronger anonymity to customers, +as well as being vastly cheaper to operate and much more compatable +with existing financial regulations. + Bitcoin's pseudononymity applies equally to both customers and merchants, which makes Bitcoin amen\-able to tax evasion, money |