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Related work comments on BOLT

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Jeff Burdges 2016-08-12 01:45:46 +02:00
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9
articles/ui/btc.bib
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@ -180,3 +180,12 @@
year={2013},
organization={IEEE}
}
@misc{BOLT,
author = {Matthew Green and Ian Miers},
title = {Bolt: Anonymous Payment Channels for Decentralized Currencies},
howpublished = {Cryptology ePrint Archive, Report 2016/701},
year = {2016},
note = {\url{http://eprint.iacr.org/2016/701}},
}

19
articles/ui/ui.tex
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@ -340,8 +340,23 @@ development of new protocols with better privacy protections.
Zerocoin \cite{miers2013zerocoin} is such an extension of Bitcoin:
It affords protection against linkability of transactions,
but at non-trivial additional computational costs even for
spending coins. This currently makes using Zerocoin unattractive for payments
with mobile devices.
spending coins. This currently makes using Zerocoin unattractive
for payments, espcially with mobile devices.
There are a variety of efforts to confront Bitcoin's scaling problems
with off-blockchain techniques, like side-chains. % \cite{???}
Amongst these, the Blind Off-chain Lightweight Transactions (BOLT)
proposal \cite{BOLT} provides anonymity by routing off-blockchain
transfers through bank-like intermetdiaries. Although interesting,
there are numerous fragile seemingly aspects of the BOLT protocol,
including aborts deanonymizing customers, intermetdiaries risking
unlimited losses, and theft if a party fails to post a refute message.
As BOLT requires semi-centralized intermetdiaries anyways,
we expect a Taler exchange operating in BTC to offer stronger
security to all parties and stronger anonymity to customers,
as well as being vastly cheaper to operate and much more compatable
with existing financial regulations.
Bitcoin's pseudononymity applies equally to both customers and
merchants, which makes Bitcoin amen\-able to tax evasion, money