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@ -78,7 +78,7 @@
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%Conference
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\acmConference[WOODSTOCK'97]{ACM Woodstock conference}{July 1997}{El
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Paso, Texas USA}
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Paso, Texas USA}
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\acmYear{1997}
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\copyrightyear{2016}
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@ -97,8 +97,8 @@
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%\affiliation{%
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% \institution{Institute for Clarity in Documentation}
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% \streetaddress{P.O. Box 1212}
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% \city{Dublin}
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% \state{Ohio}
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% \city{Dublin}
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% \state{Ohio}
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% \postcode{43017-6221}
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%}
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%\email{trovato@corporation.com}
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@ -137,7 +137,7 @@ citizen's needs for private economic activity.
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%
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% The code below should be generated by the tool at
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% http://dl.acm.org/ccs.cfm
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% Please copy and paste the code instead of the example below.
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% Please copy and paste the code instead of the example below.
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%
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\begin{CCSXML}
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<ccs2012>
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@ -161,7 +161,7 @@ citizen's needs for private economic activity.
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<concept_desc>Networks~Network reliability</concept_desc>
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<concept_significance>100</concept_significance>
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</concept>
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</ccs2012>
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</ccs2012>
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\end{CCSXML}
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\ccsdesc[500]{Computer systems organization~Embedded systems}
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@ -306,13 +306,13 @@ blockchain's decentralized nature to escape anti-money laundering
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regulation~\cite{molander1998cyberpayments} as they provide anonymous,
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disintermediated transactions.
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%GreenCoinX\footnote{\url{https://www.greencoinx.com/}} is a more
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%recent AltCoin where the company promises to identify the owner of
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%each coin via e-mail addresses and phone numbers. While it is unclear
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%from their technical description how this identification would be
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%enforced against a determined adversary, the resulting payment system
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%would also merely impose a financial panopticon on a Bitcoin-style
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%money supply and transaction model.
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GreenCoinX\footnote{\url{https://www.greencoinx.com/}} is a more
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recent AltCoin where the company promises to identify the owner of
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each coin via e-mail addresses and phone numbers. While it is unclear
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from their technical description how this identification would be
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enforced against a determined adversary, the resulting payment system
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would also merely impose a financial panopticon on a Bitcoin-style
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money supply and transaction model.
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%\subsection{Chaum-style electronic cash}
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@ -1165,46 +1165,51 @@ certification process.
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%destroying the link between the refunded or aborted transaction and
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%the new coin.
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\section{Correctness}
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\section{Implementation}
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\section{Experimental results}
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%\begin{figure}[b!]
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{bw_in.png}
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% \caption{Incoming traffic at the exchange, in bytes per 5 minutes.}
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% \label{fig:in}
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% \end{subfigure}\hfill
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{bw_out.png}
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% \caption{Outgoing traffic from the exchange, in bytes per 5 minutes.}
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% \label{fig:out}
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% \end{subfigure}
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{db_read.png}
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% \caption{DB read operations per second.}
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% \label{fig:read}
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% \end{subfigure}
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{db_write.png}
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% \caption{DB write operations per second.}
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% \label{fig:write}
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% \end{subfigure}
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{cpu_balance.png}
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% \caption{CPU credit balance. Hitting a balance of 0 shows the CPU is
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% the limiting factor.}
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% \label{fig:cpu}
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% \end{subfigure}\hfill
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% \begin{subfigure}{0.45\columnwidth}
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% \includegraphics[width=\columnwidth]{cpu_usage.png}
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% \caption{CPU utilization. The t2.micro instance is allowed to use 10\% of
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% one CPU.}
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% \label{fig:usage}
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% \end{subfigure}
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% \caption{Selected EC2 performance monitors for the experiment in the EC2
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% (after several hours, once the system was ``warm'').}
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% \label{fig:ec2}
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%\end{figure}
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\begin{figure}[b!]
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\includegraphics[width=\columnwidth]{bw_in.png}
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\caption{Incoming traffic at the exchange, in bytes per 5 minutes.}
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\label{fig:in}
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\end{figure}\hfill
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\begin{figure}[b!]
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\includegraphics[width=\columnwidth]{bw_out.png}
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\caption{Outgoing traffic from the exchange, in bytes per 5 minutes.}
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\label{fig:out}
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\end{figure}
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\begin{subfigure}{0.45\columnwidth}
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\includegraphics[width=\columnwidth]{db_read.png}
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\caption{DB read operations per second.}
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\label{fig:read}
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\end{subfigure}
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\begin{subfigure}{0.45\columnwidth}
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\includegraphics[width=\columnwidth]{db_write.png}
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\caption{DB write operations per second.}
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\label{fig:write}
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\end{subfigure}
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\begin{subfigure}{0.45\columnwidth}
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\includegraphics[width=\columnwidth]{cpu_balance.png}
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\caption{CPU credit balance. Hitting a balance of 0 shows the CPU is
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the limiting factor.}
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\label{fig:cpu}
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\end{subfigure}\hfill
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\begin{subfigure}{0.45\columnwidth}
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\includegraphics[width=\columnwidth]{cpu_usage.png}
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\caption{CPU utilization. The t2.micro instance is allowed to use 10\% of
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one CPU.}
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\label{fig:usage}
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\end{subfigure}
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\caption{Selected EC2 performance monitors for the experiment in the EC2
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(after several hours, once the system was ``warm'').}
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\label{fig:ec2}
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\end{figure}
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We ran the Taler exchange v0.0.2 on an Amazon EC2 t2.micro instance
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(10\% of a Xeon E5-2676 at 2.4 GHz) based on Ubuntu 14.04.4 LTS, using
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@ -1215,23 +1220,23 @@ FDH operations we used~\cite{rfc5869} with SHA-512 as XTR and SHA-256
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for PRF as suggested in~\cite{rfc5869}. Using 16
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concurrent clients performing withdraw, deposit and refresh operations
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we then pushed the t2.micro instance to the resource limit
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%(Figure~\ref{fig:cpu})
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(Figure~\ref{fig:cpu})
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from a network with $\approx$ 160 ms latency to
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the EC2 instance. At that point, the instance managed about 8 HTTP
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requests per second, which roughly corresponds to one full business
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transaction (as a full business transaction is expected to involve
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withdrawing and depositing several coins). The network traffic was
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modest at approximately 50 kbit/sec from the exchange
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%(Figure~\ref{fig:out})
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(Figure~\ref{fig:out})
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and 160 kbit/sec to the exchange.
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%(Figure~\ref{fig:in}).
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(Figure~\ref{fig:in}).
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At network latencies above 10 ms, the delay
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for executing a transaction is dominated by the network latency, as
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local processing virtually always takes less than 10 ms.
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Database transactions are dominated by writes%
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%(Figure~\ref{fig:read} vs. Figure~\ref{fig:write})
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, as Taler mostly needs to log
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(Figure~\ref{fig:read} vs. Figure~\ref{fig:write}), as
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Taler mostly needs to log
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transactions and occasionally needs to read to guard against
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double-spending. Given a database capacity of 2 TB---which should
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suffice for more than one year of full transaction logs---the
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@ -1354,9 +1359,9 @@ We thank people (anonymized).
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\newpage
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\bibliographystyle{ACM-Reference-Format}
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\bibliography{taler}
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\bibliography{taler}
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\end{document}
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%\end{document}
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%\vfill
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%\begin{center}
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@ -1415,8 +1420,8 @@ data being persisted are represented in between $\langle\rangle$.
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\item[$H()$]{Hash function}
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\item[$p$]{Payment details of a merchant (i.e. wire transfer details for a bank transfer)}
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\item[$r$]{Random nonce}
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\item[${\cal A}$]{Complete contract signed by the merchant}
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\item[${\cal D}$]{Deposit permission, signing over a certain amount of coin to the merchant as payment and to signify acceptance of a particular contract}
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\item[${\mathcal A}$]{Complete contract signed by the merchant}
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\item[${\mathcal D}$]{Deposit permission, signing over a certain amount of coin to the merchant as payment and to signify acceptance of a particular contract}
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\item[$\kappa$]{Security parameter $\ge 3$}
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\item[$i$]{Index over cut-and-choose set, $i \in \{1,\ldots,\kappa\}$}
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\item[$\gamma$]{Selected index in cut-and-choose protocol, $\gamma \in \{1,\ldots,\kappa\}$}
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@ -1436,7 +1441,7 @@ data being persisted are represented in between $\langle\rangle$.
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% \item[$E_{L^{(i)}}()$]{Symmetric encryption using key $L^{(i)}$}
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% \item[$E^{(i)}$]{$i$-th encryption of the private information $(c_s^{(i)}, b_i)$}
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% \item[$\vec{E}$]{Vector of $E^{(i)}$}
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\item[$\cal{R}$]{Tuple of revealed vectors in cut-and-choose protocol,
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\item[$\mathcal{R}$]{Tuple of revealed vectors in cut-and-choose protocol,
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where the vectors exclude the selected index $\gamma$}
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\item[$\overline{L^{(i)}}$]{Link secrets derived by the verifier from DH}
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\item[$\overline{B^{(i)}}$]{Blinded values derived by the verifier}
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@ -1622,9 +1627,7 @@ degrade privacy. We note that the exchange could lie in the linking
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protocol about the transfer public key to generate coins that it can
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link (at a financial loss to the exchange that it would have to square
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with its auditor). However, in the normal course of payments the link
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protocol is never used. Furthermore, if a customer needs to recover
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control over a coin using the linking protocol, they can use the
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refresh protocol on the result to again obtain an unlinkable coin.
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protocol is never used.
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\section{Exculpability arguments}
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@ -1988,4 +1991,3 @@ provides a payment system with the following key properties:
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The payment system handles both small and large payments in
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an efficient and reliable manner.
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\end{description}
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