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authorFlorian Dold <florian@dold.me>2021-03-27 13:16:02 +0100
committerFlorian Dold <florian@dold.me>2021-03-27 13:16:26 +0100
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treecf808869b2c9803c738f1258390f11cb83eccecc /2021-offline
parent6984c0bbf72e690a8c15f23340c575287a4803dd (diff)
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crypto barons slides
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@@ -232,6 +232,10 @@ digital euro would be the following hybrid:
Note that in this proposal, only one of the two parties (payer, payee)
needs to have network connectivity.
\item A limited and optional offline mode for the first payment system.
+ The payee must decide whether to accept an offline payment,
+ based on the counterparty risk. The risk depends on the details
+ of the offline payment implementation (hardware security vs. fraudulent party
+ identification).
\item Physical cash as a fallback for emergency situations where
power outages or cyber attacks render a digital euro temporarily
unusable.