commit b977510b83c5b05c22ce1914c8a3607941f2e78d
parent 4ef70fb18b20642f752306a013a0d9d328af7486
Author: Christian Grothoff <grothoff@gnunet.org>
Date: Mon, 16 Oct 2023 13:27:02 +0200
refactor
Diffstat:
1 file changed, 55 insertions(+), 53 deletions(-)
diff --git a/presentations/2021-cb/boh.tex b/presentations/2021-cb/boh.tex
@@ -157,7 +157,7 @@ transparency, accountability, and security (part of the GNU project).
\begin{frame}{Why?}
\begin{itemize}
-\item National soverenity: remove control of payment sector from foreign entities
+\item National sovereignity: remove control of payment sector from foreign entities
\item Limit impact of bank failures on societal financial transaction processing needs, especially in cashless society
\item Access for the marginalized: children, unbanked need access to payments as cash disappears
\item Financial self-determination: preserve ability to pay without 3rd party approval
@@ -178,44 +178,6 @@ transparency, accountability, and security (part of the GNU project).
\end{frame}
-\begin{frame}{Payment Systems: Accounts vs. Tokens}
-Two types of payment systems:
-\begin{enumerate}
-\item {\bf account-based system}: transfer occurs by charging the payer’s account and crediting
-the payee’s account (e.g., bank deposits)
-\item {\bf token-based (value-based) system}: transfer occurs by transferring the value itself, or a
-token that represents the monetary asset (e.g., banknotes)
-\end{enumerate}
-Key Difference is the information carried by the information asset:
-\begin{itemize}
-\item account (assets): associated with a transaction history
-\item token (assets): carry information about value and entity that issued the token
-\end{itemize}
-Bitcoin, and Distributed Ledger Technologies (DLTs) in general, are account-based systems!
-Novelty is that the ledger is distributed (decentralized).
-\end{frame}
-
-
-\begin{frame}{Simplistic rCBDC Designs}
- \framesubtitle{\url{https://edwardsnowden.substack.com/p/cbdcs}}
- \begin{itemize}
-\item Account-based rCBDC (e.g., Bindseil 2020, Berentsen and Schär 2018):
-\begin{itemize}
-\item simplest solution: central bank account for all
-\item responsibility to perform KYC and ensure AML/CFT (could be outsourced);
-\item potential for mass-surveillance (threat to CB independence);
-\item in direct competition with commercial banks
-\end{itemize} \pause
-\item Token-based rCBDC:
-\begin{itemize}
-\item requires a system to ensure that electronic tokens are not easily copied
-(hardware-based or software-based)
-\item[$\rightarrow$] double-spending problem
-%\item KYC and AML/CFT compliance?
-\end{itemize}
-\end{itemize}
-\end{frame}
-
\section{What is Taler?}
\begin{frame}{What is Taler?}
@@ -376,20 +338,6 @@ other banks to avoid being excluded.
\end{frame}
-\begin{frame}{Taler: Project Status}
-\framesubtitle{\url{https://docs.taler.net/}}
-\begin{itemize}
- \item Cryptographic protocols and core exchange component are stable
- \item Current focus: KYC process polishing, programmability
- \item Preparations for launch in Basel (as regional currency)
- \item Pilot project at Bern University of Applied Sciences cafeteria
- \end{itemize}
-\begin{center}
-\includegraphics[width=0.7\textwidth]{taler-in-use.png}
- \end{center}
-\end{frame}
-
-
\section{Competitor comparison}
\begin{frame}{Competitor comparison}
\begin{center} \small
@@ -439,4 +387,58 @@ References:
\end{frame}
+\begin{frame}{Payment Systems: Accounts vs. Tokens}
+Two types of payment systems:
+\begin{enumerate}
+\item {\bf account-based system}: transfer occurs by charging the payer’s account and crediting
+the payee’s account (e.g., bank deposits)
+\item {\bf token-based (value-based) system}: transfer occurs by transferring the value itself, or a
+token that represents the monetary asset (e.g., banknotes)
+\end{enumerate}
+Key Difference is the information carried by the information asset:
+\begin{itemize}
+\item account (assets): associated with a transaction history
+\item token (assets): carry information about value and entity that issued the token
+\end{itemize}
+Bitcoin, and Distributed Ledger Technologies (DLTs) in general, are account-based systems!
+Novelty is that the ledger is distributed (decentralized).
+\end{frame}
+
+
+\begin{frame}{Simplistic rCBDC Designs}
+ \framesubtitle{\url{https://edwardsnowden.substack.com/p/cbdcs}}
+ \begin{itemize}
+\item Account-based rCBDC (e.g., Bindseil 2020, Berentsen and Schär 2018):
+\begin{itemize}
+\item simplest solution: central bank account for all
+\item responsibility to perform KYC and ensure AML/CFT (could be outsourced);
+\item potential for mass-surveillance (threat to CB independence);
+\item in direct competition with commercial banks
+\end{itemize} \pause
+\item Token-based rCBDC:
+\begin{itemize}
+\item requires a system to ensure that electronic tokens are not easily copied
+(hardware-based or software-based)
+\item[$\rightarrow$] double-spending problem
+%\item KYC and AML/CFT compliance?
+\end{itemize}
+\end{itemize}
+\end{frame}
+
+\begin{frame}{Taler: Project Status}
+\framesubtitle{\url{https://docs.taler.net/}}
+\begin{itemize}
+ \item Cryptographic protocols and core exchange component are stable
+ \item Current focus: KYC process polishing, programmability
+ \item Preparations for launch in Basel (as regional currency)
+ \item Pilot project at Bern University of Applied Sciences cafeteria
+ \end{itemize}
+\begin{center}
+\includegraphics[width=0.7\textwidth]{taler-in-use.png}
+ \end{center}
+\end{frame}
+
+
+
+
\end{document}
