From dd3c65318f5ee4d13c70a2cceedc434c2005d9ec Mon Sep 17 00:00:00 2001
From: Christian Grothoff <christian@grothoff.org>
Date: Tue, 25 Oct 2016 14:40:20 +0200
Subject: clarify spending requirements

---
 doc/paper/taler.tex | 4 +++-
 1 file changed, 3 insertions(+), 1 deletion(-)

(limited to 'doc/paper/taler.tex')

diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index 9c4e4926..f35680f9 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -526,7 +526,9 @@ private key of the coin, making him the \emph{owner} of the coin.  Due
 to the use of blind signatures, the exchange does not even learn the
 public key during the withdrawal process.  If the private key is
 shared with others, they become co-owners of the coin.  Knowledge of
-the private key of the coin enables the owner to spent the coin.
+the private key of the coin and the signature over the coin's public
+key by an exchange's denomination key enables the owner to spent the
+coin.
 
 
 % \subsection{Coin spending}
-- 
cgit v1.2.3

