From 71ab77bb6056760fd78fc18a66c7d633970865fa Mon Sep 17 00:00:00 2001
From: Jeffrey Burdges <burdges@gnunet.org>
Date: Wed, 17 May 2017 23:39:10 +0200
Subject: Change Zerocash text

---
 doc/paper/taler.tex | 15 ++++++++++-----
 1 file changed, 10 insertions(+), 5 deletions(-)

(limited to 'doc/paper/taler.tex')

diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index 7d3548cd9..1805e9227 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -300,11 +300,16 @@ 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.
+Unlike Taler, Zerocash hides transacted amounts as well as both the
+sender and receiver, giving it a larger anonymity set than Taler under
+equal usage levels.  A Taler exchange can process transactions many
+orders of magnitude faster and more cheaply than any blockchain-based
+cryptocurrency like Zerocash.  It follows that, assuming reasonable
+adoption levels for both, Taler will yield stronger anonymity for
+ordinary purchases, although Zerocash should retian an advantage for
+large transactions that never get cashed out into another currency.
+In addition, Zerocash's anonymity for the receiver enables an array of 
+illegal activities like extortion, money laundering, and tax evasion.
 
 GreenCoinX\footnote{\url{https://www.greencoinx.com/}} is a more
 recent AltCoin where the company promises to identify the owner of
-- 
cgit v1.2.3

