diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index c2458fb79..c549a20dd 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -1506,6 +1506,10 @@ in linking Taler coins has an advantage in breaking elliptic curve
 Diffie-Hellman key exchange on curve25519.
 \end{theorem}
 
+We do not distinguish between information known by the exchange and
+information known by the merchant in the abose.  As a result, this
+proves that out linking protocol \S\ref{subsec:linking} does not
+degrade privacy.
 
 \end{document}