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Yes it is. You just write down "got 5 bucks from customer" and submit it to the tax office. Now one side is anonymous (customers) and the other not (merchant)
by igorkraw 6y ago
Yes it is. You just write down "got 5 bucks from customer" and submit it to the tax office. Now one side is anonymous (customers) and the other not (merchant)
- Ar-Curunir 6y agoAnd before that the customer writes down “received 5 bucks”. Then you match up the two and can track the customer’s spending habits
- littlestymaar 6y agoWell, If all you have is “A spent $5” and “B received $5” you are still missing a lot of info to identify that A and B are part of the same transaction (there are thousands of $5 trades every day) But that's not even how Taler works: you withdraw an arbitrary amount of Taler (say $50), this is what is recorded on the consumer side, but then you have anonymous tokens (exactly like coins and bills) that you can spend without connecting to anything: only the supplier need to have a connection to a certification entity (which ensure no double spending).
- runeks 6y agoWhat is the denomination of these tokens? Do I hand over 500 one-cent tokens to pay $5?
- littlestymaar 6y agoThat's the coolest thing about Taler: there is a thing called “the refresh protocol”[1] which allows you to obtain change after a transaction: that is, for instance you pay with a $7 token for your $5 transaction, and you get a $2 change token! [1]: section “4.7.4. Refreshing and Linking” in this paper https://ged.univ-rennes1.fr/nuxeo/site/esupversions/41aac1ac-3074-4b0e-9087-cee5f58ce0b2?inline https://ged.univ-rennes1.fr/nuxeo/site/esupversions/41aac1ac...
- runeks 6y agoThat is pretty cool! So, basically, if a merchant requests payment of $5 and the buyer only has a $4 and a $3 token then the buyer exchanges her $3 token for three $1 tokens with the exchange (without involvement of the merchant) and then pay the merchant with a $4 and a $1 token?
- igorkraw 6y agoIf you go to your ATM and get 5 bucks, and then go to the cafe to pay a coffee with it and it's registered in their system, this is the exact same scenario, you realize that?