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authorJeff Burdges <burdges@gnunet.org>2016-11-07 17:33:58 +0100
committerJeff Burdges <burdges@gnunet.org>2016-11-07 17:33:58 +0100
commit89d8696886211c06a40904af25c963ed09cfd0dc (patch)
tree3823e85d9165e1acce4944689eb35113723c1262 /doc
parent44f57b37ab68b95eab1f5e9337f4859923ff1d2d (diff)
downloadexchange-89d8696886211c06a40904af25c963ed09cfd0dc.tar.gz
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exchange-89d8696886211c06a40904af25c963ed09cfd0dc.zip
Zerocoin -> Zerocash
Replace zerocoin with zerocash and fix incorrect critisisms
Diffstat (limited to 'doc')
-rw-r--r--doc/paper/taler.tex21
1 files changed, 11 insertions, 10 deletions
diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index 0f528edbb..4e6cb0505 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -118,7 +118,7 @@ activity, and this limits the ability of the state to shape the
society. As bribery is virtually impossible to detect, corruption is
widespread and not limited to social elites.
%
-Zerocoin~\cite{miers2013zerocoin} is an example for translating an
+Zerocash~\cite{zerocash} is an example for translating an
anarchistic economy into the digital realm.
This paper describes Taler, a simple and practical payment system for
@@ -188,7 +188,7 @@ in this class is Bitcoin~\cite{nakamoto2008bitcoin}. An initial
concern with Bitcoin was the lack of anonymity, as all Bitcoin
transactions are recorded for eternity, which can enable
identification of users. In theory, this concern has been addressed
-with the Zerocoin extension to the protocol~\cite{miers2013zerocoin}.
+in the alternatve Zerocash protocol~\cite{zerocash}.
The key contribution of blockchain-based protocols is that
they dispense with the need for a central, trusted
@@ -201,7 +201,7 @@ Yet, there are several major irredeemable problems inherent in their designs:
So Bitcoin is an environmentally irresponsible design.
\item Bitcoin transactions have pseduononymous recipients, making taxation
hard to systematically enforce.
- The Zerocoin extension makes this worse.
+ The Zerocash extension makes this worse.
\item Bitcoin introduces a new currency, creating additional
financial risks from currency fluctuation.
\item Anyone can start an alternative Bitcoin transaction chain,
@@ -216,13 +216,14 @@ Yet, there are several major irredeemable problems inherent in their designs:
% currency exchange and exacerbates the problems with currency fluctuations.
\end{itemize}
-Anonymity extensions for BitCoin such as Zerocoin~\cite{miers2013zerocoin}
-and BOLT~\cite{BOLT} are also limited to transactions with coins
-of fixed discrete value, creating problems with giving change we
-outlined in the introduction. Furthermore, these extensions have
-problems with aborted transactions, which can reduce the anonymity
-set. Taler's refresh protocol also addresses the problem of aborted
-transactions, ensuring that aborts cannot be used to attack the
+Anonymous alternatives to BitCoin such as Monero~\cite{??},
+Zerocash~\cite{zerocash}, its predecessor Zerocoin~\cite{miers2013zerocoin},
+and the recently proposed BOLT~\cite{BOLT} each have different technical
+limitations. Yet, all exacerbate BitCoin's inherent issues with
+transaction certenty and performance by require excessive
+computation, more blockchain transactions, etc. By comparison,
+Taler's refresh protocol handles aborted transactions with minimal
+overhead, and ensures that aborts cannot be used to attack the
privacy assurances of the system.
%GreenCoinX\footnote{\url{https://www.greencoinx.com/}} is a more