[taler-marketing] branch master updated: add Auer

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grothoff pushed a commit to branch master
in repository marketing.

The following commit(s) were added to refs/heads/master by this push:
     new 3170bf2  add Auer
3170bf2 is described below

commit 3170bf212e1a7e5a52f0fda1a33ea6037bc8ae9b
Author: Christian Grothoff <grothoff@gnunet.org>
AuthorDate: Wed Jan 26 21:28:59 2022 +0100

    add Auer
---
 2022-privacy/privacy.tex | 19 ++++++++++++++++++-
 1 file changed, 18 insertions(+), 1 deletion(-)

diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex
index 57f8909..619aad2 100644
--- a/2022-privacy/privacy.tex
+++ b/2022-privacy/privacy.tex
@@ -579,7 +579,7 @@ inspired by~\cite{dold2019}, given in order of priority:
 \end{enumerate}
 
 In our opinion, any candidate for CBDC must follow at least those principles
-to be trustworthy and successful.
+to be trustworthy and successful.  
 
 A cross-cutting concern here is that when achieving the security goals, the
 CBDC must never rely on the central bank being trustworthy. Good security
@@ -609,6 +609,23 @@ according to business needs and protected according to 
local laws. In this
 case, the CBDC must enable deletion of such data as soon as it is no longer
 required.
 
+A possible trap for the design of a privacy-respecting CBDC is central banks
+merely delegating responsibility for privacy-sensitive data to commercial
+banks.  Such a delegation does not provide adequate protection against state
+overreach, as commercial banks still could too easily be compelled to sanction
+opposition against the ruling party.  Nevertheless, Auer's
+proposal~\cite{bis2021auer} to delegate the technical operation of a CBDC to
+tightly supervised commercial banks as an alternative to the central bank
+acquiring the technological prowess to centrally operate such a system has
+merit: such a delegation can eliminate a likely single point of failure, and
+might entice commercial banks to diversity the feature set. It would also give
+commercial banks a raison d'être, and thus mitigate the risks from CBDC
+disintermediation. In order for commercial banks to make a valuable
+contribution when operating the CBDC, we believe the central bank would still
+need to set an open standard to ensure interoperability. Strict
+cryptographically-enforced privacy-assurances for consumers must be baked into
+such a standard.
+
 \section{GNU Taler}
 
 We have implemented the GNU Taler token-based payment system based on the

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