We cannot say "exchanged" everywhere we previously said "minted"
Imho we should resurect minted for this scenario, but that's complex.
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@ -231,7 +231,7 @@ A customer transfers currency from a coin to a merchant by cryptographically
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signing a deposit message with this private key. This deposit message
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specifies the fraction of the coin's value to be paid to the merchant.
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A key contribution of Taler is the {\em refresh} protocol, which enables
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a customer to exchange the residual value of the exchanged coin for
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a customer to exchange the residual value of a partially spent coin for
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unlinkable freshly anonymized change.
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Taler exchanges ensure that all transactions involving the same coin
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@ -594,7 +594,7 @@ to the exchange are orthogonal to the rest of the system, and
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%acknowledges that primitive accumulation~\cite{engels1844} predates
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%the system and that a secure method to authenticate owners exists.
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After a coin is exchanged, the customer is the only entity that knows the
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After a coin is issued, the customer is the only entity that knows the
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private key of the coin, making him the \emph{owner} of the coin.
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The coin can be identified by the exchange by its public key; however, due
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to the use of blind signatures, the exchange does not learn the public key
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@ -743,7 +743,7 @@ withdraw funds, those can also be used with Taler.
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\subsection{Exact and partial spending}
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A customer can spend coins at a merchant, under the condition that the
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merchant trusts the specific exchange that exchanged the coin. Merchants are
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merchant trusts the specific exchange that issued the coin. Merchants are
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identified by their key $M := (m_s, M_p)$ where the public key $M_p$
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must be known to the customer a priori.
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@ -765,7 +765,7 @@ with signature $\widetilde{C} := S_K(C_p)$
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$r$ is a random nonce. The merchant commits $\langle \mathcal{A} \rangle$
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to disk and sends $\mathcal{A}$ to the customer.
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\item\label{deposit}
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The customer should already possess a coin exchanged by a exchange that is
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The customer should already possess a coin issued by a exchange that is
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accepted by the merchant, meaning $K$ should be publicly signed by
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some $D_j \in \{D_1, D_2, \ldots, D_n\}$, and has a value $\geq f$.
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\item The customer generates a \emph{deposit-permission} $\mathcal{D} :=
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@ -913,7 +913,7 @@ This allows the owner of the melted coin to also obtain the private
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key of the new coin, even if the refreshing protocol was illicitly
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executed with the help of another party who generated $\vec{c_s}$ and only
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provided $\vec{C_p}$ and other required information to the old owner.
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As a result, linking ensures that access to the new coins exchanged by
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As a result, linking ensures that access to the new coins issued in
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the refresh protocol is always {\em shared} with the owner of the
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melted coins. This makes it impossible to abuse the refresh protocol
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for {\em transactions}.
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