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Re: [Taler] Is an exchange also a merchant?

From: Calvin Burns
Subject: Re: [Taler] Is an exchange also a merchant?
Date: Fri, 14 Jan 2022 16:02:02 +0000

Thank you, Sebastian.
I have to think about it.
Perhaps the definition of "merchant" in a GNU Taler sense differs
from my intuition about what a merchant is and I mix them up.
My intuition is that a merchant is some entity creating something and selling
it. In that sense an exchange still feels like a merchant.

On Fri, 01/14/2022 12:06:24 PM, Sebastian wrote:
> Hi Clavin,
> think the exchange as the ATM that allows you to get GNU Taler coins if
> you wire transfer some money or it will wire transfer money back to you
> if you deposit coins minted by it. It's not selling access, it's
> charging fee by using it.
> To use the coins you will need a wallet that will execute the part of
> the protocol to withdraw and deposit.
> The merchant is another participant that without withdrawing coins is
> able to deposit and get money by wire transfer from an exchange. How? It
> create a contract_term specifying amount (among other things), ask
> someone else to spend the coins in the contract (signing the contract
> with coins) and then sending the contract to the exchange.
> Does this make more sense?
> On 14/1/22 11:40, Calvin Burns via Taler wrote:
> > What is the difference between merchant and exchange?
> > An exchange is selling access to "the" ledger system.
> > So an exchange is also a merchant?
> > Does an exchange also have to setup and taler merchant infrastructure for 
> > itself?

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