[GNUnet-SVN] [taler-marketing] branch master updated: Second half of second page

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burdges pushed a commit to branch master
in repository marketing.

The following commit(s) were added to refs/heads/master by this push:
     new 5f78a0c  Second half of second page
5f78a0c is described below

commit 5f78a0c8ef407ebb386fd6cc1ed81c52683bf4d1
Author: Jeffrey Burdges <address@hidden>
AuthorDate: Wed Oct 18 19:35:09 2017 +0200

    Second half of second page
---
 ekrona/e-krona.tex | 15 ++++++++-------
 1 file changed, 8 insertions(+), 7 deletions(-)

diff --git a/ekrona/e-krona.tex b/ekrona/e-krona.tex
index a7f9199..7f2d2b2 100644
--- a/ekrona/e-krona.tex
+++ b/ekrona/e-krona.tex
@@ -78,7 +78,7 @@ We imagine a hybrid solution, as described in the question 
below.
 
 We imagine a possible e-Krona solution based on the Taler system to be a 
hybrid solution, with a register-based component and a value based component, 
in order to fulfil the maximum requirements outlined in ‘The Riksbank’s e-Krona 
project’ report.
 
-The e-krona Taler wallet can exist on smartphones, in web-browsers, on 
smartcard and on secure USB sticks. It is filled via wire-transfer to the Taler 
exchange (Riksbank can define who is entitled to exchange Swedish kronar into 
e-krona), which will create Taler coins (i.e. e-krona) cryptographically and 
deposit those anonymously with a blind signature into the corresponding wallet. 
 At the same time, the exchange creates an escrow account for the wallet at the 
Riksbank and deposits the  [...]
+The e-krona Taler wallet can exist on smartphones, in web-browsers, on 
smartcard and on secure USB sticks. It is filled via wire-transfer to the Taler 
exchange (Riksbank can define who is entitled to exchange Swedish krona into 
e-krona), which will create Taler coins (i.e. e-krona) cryptographically and 
deposit those anonymously with a blind signature into the corresponding wallet. 
 At the same time, the exchange creates an escrow account for the wallet at the 
Riksbank and deposits the k [...]
 
 The Taler System addresses the following requirements outlined in the report:
 
@@ -91,23 +91,24 @@ b) Payment size
  & Designed to handle micropayments as well as larger payments between 
consumers, companies and authorities \\
 
 c) Direct claim on Riksbank            
- & Via escrow accounts opened by the exchange automatically with the Riksbank 
to hold the 
+ & Via escrow account opened by the exchange automatically with the Riksbank 
to hold the 
    escrow amounts. In addition, the Riksbank could entitle the holder of 
e-krona to change them anytime into Swedish kronor. With this the holder has a 
direct claim on the Riksbank and it might not be necessary to change existing 
legislation. \\
 
 d) Accessible in real-time                     
- & System designed for 24/7 operations \\
+ & Payments clear in one network RTT \\
 
 e) Payments in real-time                       
  & One click instant payments with 24/7 operations \\
 
 f) Offline payments                            
- & Payer can be offline, connects with USB key, smart card, NFC, etc. Exchange 
must be online. \\
+ & Payer or merchant must be online % with the other offline but using NFC. 
+   Exchange must be online. \\
 
 g) Anonymous payments                          
- & System designed for payers to be anonymous if they want to. Receiver is 
never anonymous. \\
+ & System designed for payers to be anonymous, unless regulation requires 
disclosure. Merchant is never anonymous. \\
 
 h) e-Krona account                             
- & Escrow account is created automatically based on {\red Wallet ID? 
(Christian to update according to possibilities???).} \\
+ & Register based account requires for merchants.  Exchange has e-Krona escrow 
account. \\
 
 i) Riksbank functions                  
  & Holds the escrow accounts, can be the operator of the exchange and 
guarantees the 
@@ -135,7 +136,7 @@ We envisage no major challenges with a e-Krona Taler 
solution outlined above, as
 
 The main complexity we see would be the roll-out of the compatible 
functionality into the POS systems of merchants in the physical world. But this 
is no different from the challenges that established systems like SWISH, ... 
already solved and hence easy to estimate. If this project is 
Riksbank/government sponsored, that should not be a large.
 
-This outlined solution should have no major impact on monetary policy because 
the issues of e-krona are 1:1 backed by Swedish kronor in the escrow account at 
the Riksbank. But two things will happen temporarily – unless cash is used: 
Firstly, with the issuance of e-krona commercial bank money gets transformed 
into central bank money until the e-krona are spent and transformed back into 
Swedish kronar. And secondly, non-cash commercial bank money gets transformed 
into cash-like money unti [...]
+This outlined solution should have no major impact on monetary policy because 
the issues of e-krona are 1:1 backed by Swedish kronor in the escrow account at 
the Riksbank. But two things will happen temporarily – unless cash is used: 
Firstly, with the issuance of e-krona commercial bank money gets transformed 
into central bank money until the e-krona are spent and transformed back into 
Swedish krona. And secondly, non-cash commercial bank money gets transformed 
into cash-like money until [...]
 
 \section*{*What is missing in our concept?*}
 

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