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Diffstat (limited to 'articles/ui/ui.tex')
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1 files changed, 11 insertions, 12 deletions
diff --git a/articles/ui/ui.tex b/articles/ui/ui.tex index 5e4cf2099..4d27ff39d 100644 --- a/articles/ui/ui.tex +++ b/articles/ui/ui.tex @@ -1290,16 +1290,16 @@ counterfeit money. % CG: No, it's not optional, ``should'' doesn't come into the equation % here. It's a mandatory business expense. Furthermore, merchants have the cost of maintaining change and depositing -the money earned. With Bitcoin, there is no definitive time until a -payment can be said to be confirmed (step 19, Figure~\ref{fig:bitcoin}), +the money earned. At the extreme, there is no definitive time until a +Bitcoin payment can be said to be confirmed (step 19, Figure~\ref{fig:bitcoin}), leaving merchants in a bit of a tricky situation. -Addressing the scalability problems of Bitcoin in the style of BOLT -introduces semi-centralized intermediaries, similar to Taler's use of -exchanges. 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 more compatible with -existing financial regulations. +Finally, attempts to address the scalability hudles of Bitcoin using +side-chains or schemes like BOLT introduces semi-centralized +intermediaries, not wholey unlike Taler's use of exchanges. +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 more compatible with existing financial regulations. \section{Future work} @@ -1388,10 +1388,9 @@ and usability. % CG: I'd say on the customer side, the signed contract is a receipt. % That should be intuitive. We expect that electronic wallets that automatically collect digitally -signed receipts for transactions will become commonplace. A key -question for the future is thus whether this data collection will be -done on behalf of the citizens and under their control, or on behalf -of the Reich of big data corporations. +signed receipts for transactions will become commonplace. +In this way, Taler gives the user full control over the usage of their +transaction history, as opposed to giving control to big data corporations. We encourage readers to try our prototype for Taler at \url{https://demo.taler.net/}, and to ponder why the billion dollar |