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authorng0 <ng0@taler.net>2019-09-02 15:10:00 +0000
committerng0 <ng0@taler.net>2019-09-02 15:10:00 +0000
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<div class="container">
<h2>{{ _("How is Taler related to Bitcoin or Blockchains?") }}</h2>
-{% trans %}
-<p>Taler does not require any Blockchain technology, and is
-also not based on proof-of-work or any other distributed consensus
-mechanism. Instead, Taler is based on blind signatures.
-However, it is theoretically possible to combine Taler with
-peer-to-peer crypto-currencies like Bitcoin.</p>
-{% endtrans %}
-{% trans %}
-<p>It would be possible, however, to withdraw coins denominated in
-Bitcoin into a Taler wallet (with an appropriate exchange), which
-would give some benefits over plain Bitcoin, such as instant
-confirmation times.</p>
-{% endtrans %}
+
+<p>
+ {% trans %}
+ Taler does not require any Blockchain technology, and is
+ also not based on proof-of-work or any other distributed consensus
+ mechanism. Instead, Taler is based on blind signatures.
+ However, it is theoretically possible to combine Taler with
+ peer-to-peer crypto-currencies like Bitcoin.
+ {% endtrans %}
+</p>
+
+<p>
+ {% trans %}
+ It would be possible, however, to withdraw coins denominated in
+ Bitcoin into a Taler wallet (with an appropriate exchange), which
+ would give some benefits over plain Bitcoin, such as instant
+ confirmation times.
+ {% endtrans %}
+</p>
<h2>{{ _("Where is the balance in my wallet stored?") }}</h2>
-{% trans %}
-<p>Your wallet stores digital coins and thus ultimately your computer
-holds your balance. The exchange keeps funds matching all unspent
-coins in an escrow bank account.</p>
-{% endtrans %}
+<p>
+ {% trans %}
+ Your wallet stores digital coins and thus ultimately your computer
+ holds your balance. The exchange keeps funds matching all unspent
+ coins in an escrow bank account.
+ {% endtrans %}
+</p>
<h2>{{ _("What if my wallet is lost?") }}</h2>
-{% trans %}
-<p>Since the digital coins of value in your wallet are anonymized, the
-exchange can not assist you in recovering a lost or stolen wallet.
-Just like with a physical wallet for cash, you are responsible for
-keeping it safe.</p>
-{% endtrans %}
-{% trans %}
-<p>The risk of losing a wallet can be mitigated by making backups or
-keeping the balance reasonably low.</p>
-{% endtrans %}
+<p>
+ {% trans %}
+ Since the digital coins of value in your wallet are anonymized, the
+ exchange can not assist you in recovering a lost or stolen wallet.
+ Just like with a physical wallet for cash, you are responsible for
+ keeping it safe.
+ {% endtrans %}
+</p>
+
+<p>
+ {% trans %}
+ The risk of losing a wallet can be mitigated by making backups or
+ keeping the balance reasonably low.
+ {% endtrans %}
+</p>
<h2>{{ _("What if my computer is hacked?") }}</h2>
-{% trans %}
-<p>In case of a compromise of one of your devices, an attacker can
-spend coins from your wallet. Checking your balance might reveal
-to you that your device has been compromised.</p>
-{% endtrans %}
+<p>
+ {% trans %}
+ In case of a compromise of one of your devices, an attacker can
+ spend coins from your wallet. Checking your balance might reveal
+ to you that your device has been compromised.
+ {% endtrans %}
+</p>
<h2>{{ _("Can I send money to my friend with Taler?") }}</h2>
-{% trans %}
-<p>If your friend provides goods or services for you in exchange for a
-payment, they can easily set up a Taler merchant and receive the
-payment in their bank account.</p>
-{% endtrans %}
-{% trans %}
-<p>Future versions of the Taler wallet may allow exchanging coins
-among friends directly as well.</p>
-{% endtrans %}
-
+<p>
+ {% trans %}
+ If your friend provides goods or services for you in exchange for a
+ payment, they can easily set up a Taler merchant and receive the
+ payment in their bank account.
+ {% endtrans %}
+</p>
+<p>
+ {% trans %}
+ Future versions of the Taler wallet may allow exchanging coins
+ among friends directly as well.
+ {% endtrans %}
+</p>
<h2>{{ _("How does Taler handle payments in different currencies?") }}</h2>
-{% trans %}
-<p>Taler wallets can store digital coins corresponding to multiple
-different currencies such as the Euro, US Dollars or Bitcoins.</p>
-{% endtrans %}
-{% trans %}
-<p>Taler currently does not offer conversion between currencies.</p>
-{% endtrans %}
+<p>
+ {% trans %}
+ Taler wallets can store digital coins corresponding to multiple
+ different currencies such as the Euro, US Dollars or Bitcoins.
+ {% endtrans %}
+</p>
+<p>
+ {% trans %}
+ Taler currently does not offer conversion between currencies.
+ {% endtrans %}
+</p>
<h2>{{ _("How does Taler protect my privacy?") }}</h2>
{% trans %}
-
-<p>Your wallet stores digital coins that are <a
-href="https://en.wikipedia.org/wiki/Blind_signature">blindly
-signed</a> by an exchange. The use of a blind signature protects your
-privacy as it prevents the exchange from knowing which coin it signed
-for which customer.</p>
-
+ <p>
+ Your wallet stores digital coins that are
+ <a href="https://en.wikipedia.org/wiki/Blind_signature">blindly signed</a>
+ by an exchange. The use of a blind signature protects your
+ privacy as it prevents the exchange from knowing which coin it signed
+ for which customer.
+ </p>
{% endtrans %}
-
<h2>{{ _("How much does it cost?") }}</h2>
{% trans %}
-
-<p>The Taler protocol allows any exchange to set its own fee
-structure, allowing operators to set fees for withdrawing, depositing,
-refreshing or refunding coins. Operators can also charge fees for
-closing reserves and for (aggregated) wire transfers to merchants.
-Merchants may choose to cover some of the fees customers incur.
-Actual transaction costs are estimated around 0.001 cent/transaction
-(at high transaction rates, amortized over billions of transactions,
-excluding migration costs). Note that this is an early estimate,
-details may depend on hosting and backup requirements from the
-regulator and could thus easily be 10x higher.</p>
+ <p>
+ The Taler protocol allows any exchange to set its own fee
+ structure, allowing operators to set fees for withdrawing, depositing,
+ refreshing or refunding coins. Operators can also charge fees for
+ closing reserves and for (aggregated) wire transfers to merchants.
+ Merchants may choose to cover some of the fees customers incur.
+ Actual transaction costs are estimated around 0.001 cent/transaction
+ (at high transaction rates, amortized over billions of transactions,
+ excluding migration costs). Note that this is an early estimate,
+ details may depend on hosting and backup requirements from the
+ regulator and could thus easily be 10x higher.
+ </p>
{% endtrans %}
<h2>{{ _("Does Taler work with international payments?") }}</h2>
{% trans %}
-
-<p>Taler's wallet supports multiple currencies, but the system
-currently does not support conversion between currencies. However,
-in principle an entity that accepts deposits in one currency and
-allows withdrawals in another currency could be created. Still, the
-regulatory hurdles in this case tend to be particularly complex.
-The focus for Taler is on day-to-day payments, so we have no plans
-to support currency conversion in the near future.</p>
-
+ <p>
+ Taler's wallet supports multiple currencies, but the system
+ currently does not support conversion between currencies. However,
+ in principle an entity that accepts deposits in one currency and
+ allows withdrawals in another currency could be created. Still, the
+ regulatory hurdles in this case tend to be particularly complex.
+ The focus for Taler is on day-to-day payments, so we have no plans
+ to support currency conversion in the near future.
+ </p>
{% endtrans %}
<h2>{{ _("How does Taler relate to the (European) Electronic Money Directive?") }}</h2>
{% trans %}
-
-<p>We believe the European Electronic Money Directive provides part
-of the regulatory framework a Taler exchange with coins denominated
-in Euros would have to follow.</p>
+ <p>
+ We believe the European Electronic Money Directive provides part
+ of the regulatory framework a Taler exchange with coins denominated
+ in Euros would have to follow.
+ </p>
{% endtrans %}
<h2>{{ _("What bank would guarantee the conversion between Taler coins and bank money in regular bank accounts?") }}</h2>
{% trans %}
-
-<p>The exchange would be operated by a bank or in cooperation with a bank, and that bank
-would hold the funds in escrow. Note that this bank could be a regular bank or a central
-bank for a centrally banked electronic currency. Regardless, the bank would fall under
-the respective banking regulations establishing a reason why consumers would have faith
-in the conversion from Taler coins into regular bank money.</p>
+ <p>
+ The exchange would be operated by a bank or in cooperation with a bank, and that bank
+ would hold the funds in escrow. Note that this bank could be a regular bank or a central
+ bank for a centrally banked electronic currency. Regardless, the bank would fall under
+ the respective banking regulations establishing a reason why consumers would have faith
+ in the conversion from Taler coins into regular bank money.
+ </p>
{% endtrans %}
-
<h2>{{ _("To whom would consumers complain to in case of non-conversion or non-compliance?") }}</h2>
{% trans %}
-
-<p>Any exchange should be audited by one or more independent auditors. Merchants and
-consumer wallets will report certain issues automatically to the auditors, but auditors
-may also provide a method for manual submission of issues. The auditors are expected
-to make their reports available to the respective regulatory authorities, or even
-the general public.</p>
+ <p>
+ Any exchange should be audited by one or more independent auditors. Merchants and
+ consumer wallets will report certain issues automatically to the auditors, but auditors
+ may also provide a method for manual submission of issues. The auditors are expected
+ to make their reports available to the respective regulatory authorities, or even
+ the general public.
+ </p>
{% endtrans %}
-
<h2>{{ _("Are there any projects already using Taler?") }}</h2>
{% trans %}
-
-<p>We are aware of several businesses running exploratory projects or having
-developed working prototypes. We are also
-in discussions with several regular banks as well as several central banks
-about the project. That said, there are currently no products in the
-market yet, and we believe this would be premature given the state of
-the project (see also <a href="https://gnunet.org/bugs/">our bugtracker</a>
-for a list of open issues).</p>
+ <p>
+ We are aware of several businesses running exploratory projects or having
+ developed working prototypes. We are also
+ in discussions with several regular banks as well as several central banks
+ about the project. That said, there are currently no products in the
+ market yet, and we believe this would be premature given the state of
+ the project (see also <a href="https://gnunet.org/bugs/">our bugtracker</a>
+ for a list of open issues).
+ </p>
{% endtrans %}
-
<h2>{{ _("Does Taler support recurring payments?") }}</h2>
-
{% trans %}
-<p>Today, our wallet implementation does not support recurring
-payments. Recurring payments, where some fixed amount is paid on a
-regular basis are in theory possible with Taler, but they come with a
-few caveats. Specifically, recurring payments can only work if the
-Taler wallet is running and online around the desired time.
-Furthermore, given their repetitive nature they are linkable, and
-could thus be used to deanonymize the user making the recurring
-payment, for example by forcing the user offline at the time of the
-payment and observing that it does then not happen on time. Finally,
-the Taler wallet does not work with credit and thus the user would
-have to make sure to carry a sufficient balance for the recurring
-payment to be made. Still, they can be useful, and a future version of
-the Taler wallet will likely support them. But this is not a feature
-that we are targeting for Taler 1.0. at this time</p>
+ <p>
+ Today, our wallet implementation does not support recurring
+ payments. Recurring payments, where some fixed amount is paid on a
+ regular basis are in theory possible with Taler, but they come with a
+ few caveats. Specifically, recurring payments can only work if the
+ Taler wallet is running and online around the desired time.
+ Furthermore, given their repetitive nature they are linkable, and
+ could thus be used to deanonymize the user making the recurring
+ payment, for example by forcing the user offline at the time of the
+ payment and observing that it does then not happen on time. Finally,
+ the Taler wallet does not work with credit and thus the user would
+ have to make sure to carry a sufficient balance for the recurring
+ payment to be made. Still, they can be useful, and a future version of
+ the Taler wallet will likely support them. But this is not a feature
+ that we are targeting for Taler 1.0. at this time
+ </p>
{% endtrans %}
</div>