diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index f27b0d061..d53fe2f3d 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -300,6 +300,12 @@ blockchain's decentralized nature to escape anti-money laundering
 regulation~\cite{molander1998cyberpayments} as they provide anonymous,
 disintermediated transactions.
 
+Unlike Taler, Zerocash fully hides transacted amounts as well both the sender
+and receiver, giving an exceptionally  high level of anonymity.  This comes at
+the cost of usage for illegitimate purposes such as money laundering and tax
+evasion, as well as confirmation times and processing fees that are many orders
+of magnitude larger.
+
 GreenCoinX\footnote{\url{https://www.greencoinx.com/}} is a more
 recent AltCoin where the company promises to identify the owner of
 each coin via e-mail addresses and phone numbers.  While it is unclear