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Jeff Burdges 2016-05-21 21:44:05 +02:00
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doc/paper/taler.tex
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@ -319,12 +319,11 @@ Taler avoids include:
detection of double-spending, requires the exchange to attempt to
recover funds from delinquent customers via the legal system.
Any system like this that fails to be self-enforcing creates a major
business risk for the exchange. In 1983, there were merchants without
network connectivity
need to have
been a necessary feature.
However, today requiring network connectivity is feasible and avoids the business
risks associated with deferred fraud detection.
business risk for the exchange and merchants.
In 1983, there were merchants without network connectivity, making that
feature relevant, but today network connectivity should be feasible for
merchants, and saves both the exchange and merchants the business risks
associated with deferred fraud detection.
\item % In addition to the risk of legal disputes with fraudulent
% merchants and customers,
Chaum's published design does not clearly