commit 81d5aef14ecd68096ebab19fc9649885686fdb23
parent 17d886ba4e0fc0c7aeb9e87a78082e19d0fda820
Author: Christian Grothoff <christian@grothoff.org>
Date: Fri, 28 Jan 2022 17:24:51 +0100
-address FIXMEs, typo
Diffstat:
1 file changed, 2 insertions(+), 6 deletions(-)
diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex
@@ -116,10 +116,6 @@ crypto-currencies include the various proprietary crypto-trading platforms as
well as distributed layer-2 solutions like the Lightning
network~\cite{lightening}.
-%There are two sentences starting with "the rest of this paper" in this paragraph
-%Both are wrong. But this is the wronger one
-%In the rest of this paper we will focus on the design principles for a Central
-%Bank Digital Currency (CBDC).
There are two types of CBDCs, retail CBDCs and
wholesale CBDCs. Wholesale CBDC is expected to be primarily used to trade
between banks and between the central bank and banks. An example of wholesale
@@ -130,7 +126,7 @@ National Bank~\cite{BISHelvetia2020}.\footnote{We note that the French report
contrast, a retail CBDC is intended to be used by citizens and businesses in
their daily lives for their ordinary expenses, basically providing a form of
digital cash that is, like physical cash, a liability of the central bank.
-The rest of this paper will concentrate on retail CBDCs. Our discussion will
+This paper is about retail CBDCs. Our discussion will
assume that the currency for the CBDC already exists, and thus focus on the
requirements for the payment system that facilitates ordinary people to make
digital transactions with such a currency.
@@ -520,7 +516,7 @@ inspired by~\cite{dold2019}, given in order of priority:
it is conceivable that specific rules and regulations may be modified to
accomodate a CBDC, it is inconceivable that states would relax the rules
to the point where businesses receiving income are not held accountable
- for their actions, especially as there seems to be a broad consensuse that
+ for their actions, especially as there seems to be a broad consensus that
levying of taxes based on economic activity is beneficial to society.
\item \textbf{A CBDC must prevent payment fraud.}
