3 ms·
Bitcoin Paper Currency
- schoen 10y agoI'm confused, is the private key represented on the face of the note? If so, isn't there a risk that anyone who ever sees the note might spend the bitcoins, breaking the association with the note?
- adamkochanowicz 10y agoThe private key is on a separate note, Darwin.
- schoen 10y agoWell, I'm still confused, because then possession of the circulating note doesn't actually allow you to redeem it... or do you have a sort of central issuing bank that holds the Darwin notes and honors redemptions on request?
- yanilkr 10y agoGreat design. Putting high achievers face on currency will quickly become a political issue. There are many cultures of people with almost no scientific achievement. Their people would never be on that currency. Bitcoin paper currency will need more thought. Someone could steal your currency just by looking at it and thats not secure. We probably could take a range of coins and designate them as paper only currency and digitizing them would not be allowed.
- adamkochanowicz 10y agoNo, they would also need the private key, which is on the Darwin Note.