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Diffstat (limited to 'articles/ui/ui.tex')
| -rw-r--r-- | articles/ui/ui.tex | 19 |
1 files changed, 17 insertions, 2 deletions
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 |