[GNUnet-SVN] [taler-marketing] 01/02: UNREADABLE CORRECTIONS on page 3

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commit 2ca12816a8f12f56619a4c8c067d3aa420c764f7
Author: Jeffrey Burdges <address@hidden>
AuthorDate: Wed Oct 18 21:33:55 2017 +0200

    UNREADABLE CORRECTIONS on page 3
---
 ekrona/e-krona.tex | 33 ++++++++++++++++++++++-----------
 1 file changed, 22 insertions(+), 11 deletions(-)

diff --git a/ekrona/e-krona.tex b/ekrona/e-krona.tex
index 7f2d2b2..948fdb4 100644
--- a/ekrona/e-krona.tex
+++ b/ekrona/e-krona.tex
@@ -111,32 +111,43 @@ h) e-Krona account
  & 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 
-exchange of e-krona in Swedish kronor at all times. \\
+ & Holds the escrow account.  Can either run operator of the exchange and 
guarantee the 
+exchange of e-krona in Swedish kronor directly, or else audit private 
exchanges similar to conventional banks. UNREADABLE CORRECTIONS \\
 
 j) No bank account necessary                   
- & The e-krona can be made accessible to groups without bank accounts if the 
exchange operator is also accepting cash. \\
+ & Taler/e-krona can distribute fixed incomes without requiring customers 
posses bank accounts \\
 
-k) Possibility of making interest payments? 
- & {\red (Christian to update according to possibilities???)} \\
+k) Interest payments % was: Possibility of making
+ & AMBIGUOUS QUESTION WITH UNREADABLE CORRECTIONS \\
 
 l) Connection to existing payment systems      
  & Wire transfers, Debit and credit cards can be used to immediately fund the 
e-krona wallet. \\
 \end{tabular}
 
-This solution solves the problem of gaining access to cash and to risk-free 
assets as any Riksbank or government related facility could offer the exchange 
of e-kronas back to cash (as the Riksbank holds the e-Krona escrow funds) for 
people presenting themselves with their e-krona Taler wallet.
+Taler solves the problem of gaining access to cash and to risk-free assets.  
As the Riksbank holds the e-Krona escrow funds, any Riksbank or government 
related facility could offer the exchange of e-kronas back to cash for people 
presenting themselves with their e-krona Taler wallet.
 
-At the same time, Taler addresses the inefficiencies of the existing systems 
by eliminating most fraud risks associated, for example, with credit cards, and 
facilitates the usage especially in e-commerce but also in the physical world 
by reducing the steps necessary (no credit card entry, no PIN, no 
authentication and authorisation necessary anymore).
+At the same time, Taler removes inefficiencies the current system creates 
through fraud risks, due to credit cards, personally identifying information, 
and authentication token compromise.  It thus simplifies both e-commerce and 
brick-and-mortar transactions, which no longer require authentication 
techniques with excessive spending power, such as credit cards or PINs.
 
-Taler can offer the same privacy as cash for the payer (could be limited to a 
EUR amount per transaction). {\red This limit could be removed if the 
payer/wallet owner contributes his identification to the account by a voluntary 
act. (Christian to update according to possibilities???)}
+
+Taler offers the same privacy as cash for the payer, except that withdrawal 
limits
+carry a legal force not present in ATM withdrawal limits.
+% Nonsensical and seemingly false : (could be limited by  amount per 
transaction).  
+% IS THIS RELEVANT? This limit could be removed if the payer/wallet owner 
contributes his identification to the account by a voluntary decision.
 
 \section*{*What challenges and opportunities do you envisage with each e-krona 
solution?}
 
-We envisage no major challenges with a e-Krona Taler solution outlined above, 
as the system is already up and running in an Alpha version with browser 
wallets. Further development is needed to create the wallets on other platforms 
and provide more interfaces to merchant systems. 
+UNREADABLE CORRECTIONS
+% WRONG & REMOVED : We envisage no major challenges with a e-Krona Taler 
solution outlined above,
+% as the system is already up and running in an Alpha version with browser 
wallets. 
+TERRIBLE PHRASING and UNREADABLE CORRECTIONS: Further development are needed 
to create the wallets on other platforms and provide more interfaces to 
merchant systems. 
 
-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.
+TERRIBLE PHRASING : The main complexity we see would be the roll-out of the 
compatible functionality into the POS systems of merchants in the physical 
world. 
+% REMOVED : 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.
+UNREADABLE CORRECTIONS
 
-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 [...]
+AMBIGUOUS INTENT AND TERRIBLE PHRASING : 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 ge [...]
 
 \section*{*What is missing in our concept?*}
 

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