address FIXMEs
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@ -247,13 +247,11 @@ disintermediated transactions.
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%\subsection{Chaum-style electronic cash}
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% FIXME: what limitations? substantiate!
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Chaum~\cite{chaum1983blind} proposed a digital payment system that
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would provide some customer anonymity while disclosing the identity of
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the merchants. DigiCash, a commercial implementation of Chaum's
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proposal, had some limitations and ultimately failed to be widely
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adopted. In our assessment, key reasons for DigiCash's failure
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include:
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proposal ultimately failed to be widely adopted. In our assessment,
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key reasons for DigiCash's failure include:
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\begin{itemize}
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\item The use of patents to protect the technology; a payment system
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@ -322,10 +320,9 @@ search costs become linear in the total value of all transactions.
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%In principle, one could correct this by adding multiple denominations,
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%an open problem stated already in~\cite{Camenisch05compacte-cash}.
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% NO: he cannot give change, so that does not really work!
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% FIXME: Claim below needs to be substantiated!
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As described, the scheme employs offline double spending protection,
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which inherently makes it fragile and creates an unneccessary
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deanonymization risk.
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deanonymization risk (see Section~\ref{sec:offline}).
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%We believe the offline protection from double
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%spending could be removed, thus switching the scheme to only protection
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%against online doulbe spending, like Taler.
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@ -1175,7 +1172,7 @@ actually facilitates voluntary cooperation between the exchange and
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criminals~\cite{sander1999escrow} and where the state could
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deanonymize citizens.
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\subsection{Offline Payments}
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\subsection{Offline Payments} \label{sec:offline}
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Chaum's original proposals for anonymous digital cash avoided the need
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for online interactions with the exchange to detect double spending by
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