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not a currency

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Christian Grothoff 2016-11-07 15:24:58 +01:00
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doc/paper/taler.tex
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@ -75,7 +75,7 @@
\maketitle
\begin{abstract}
This paper introduces {\em Taler}, a Chaum-style digital currency that
This paper introduces {\em Taler}, a Chaum-style digital payment system that
enables anonymous payments while ensuring that entities that receive
payments are auditable. In Taler, customers can
never defraud anyone, merchants can only fail to deliver the
@ -93,7 +93,7 @@ transactions. The refresh protocol combines an
efficient cut-and-choose mechanism with a {\em link} step to ensure
that refreshing is not abused for transactional payments.
We argue that Taler provides a secure digital currency for modern
We argue that Taler provides a secure digital payment system for modern
liberal societies as it is a flexible, libre and efficient protocol
and adequately balances the state's need for monetary control with the
citizen's needs for private economic activity.
@ -724,7 +724,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$
where $m$ is an identifier for this transaction, $f$ is the price of the offer,
and $a$ is data relevant
to the contract indicating which services or goods the merchant will
deliver to the customer, including the {\tt /merchant-specific} URI for the payment.
deliver to the customer, including the {\tt /merchant-specific} URI for the payment.
$p$ is the merchant's payment information (e.g. his IBAN number), and
$r$ is a random nonce. The merchant commits $\langle \mathcal{A} \rangle$
to disk and sends $\mathcal{A}$ to the customer.
@ -736,7 +736,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$
Let $X_j$ be the exchange which signed $\widetilde{C}$ with $K$.
The customer generates a \emph{deposit-permission}
$\mathcal{D} := S_c(\widetilde{C}, m, f, H(a), H(p,r), M_p)$
and sends $\langle \mathcal{D}, X_j\rangle$ to the merchant.
and sends $\langle \mathcal{D}, X_j\rangle$ to the merchant.
\item[POST {\tt/deposit}]
The merchant gives $(\mathcal{D}, p, r)$ to the exchange, thereby
revealing $p$ only to the exchange.
@ -751,7 +751,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$
\item[200 OK / 424 FAILED DEPENDENCY]
The merchant commits and forwards the notification from the exchange to the
customer, confirming the success (``200 OK'') or failure (``424 FAILED DEPENDENCY'')
of the operation.
of the operation.
\end{description}
We have simplified the exposition by assuming that one coin suffices,