3 ms·
> How would it help if both watches/headphones/whatnot point to the same record in the ledger? The watch has an ID/serial number. The record on the ledger is t
by 3np 5y ago
> How would it help if both watches/headphones/whatnot point to the same record in the ledger?
The watch has an ID/serial number. The record on the ledger is transferred to the new owner. If both new owners check the ledger, only one of them will have been assigned the watch with the corresponding SN.
the payment could even be done atomically with the assignment of the (authentic) watch. As long as the buyer validates it, the only one who could forge watches would be Rolex.
- dmitriid 5y ago> The record on the ledger is transferred to the new owner. This. How does this magical transfer happen? The moment you say "authorised resellers", please read comments to this: https://news.ycombinator.com/item?id=27435785 https://news.ycombinator.com/item?id=27435785 > the payment could even be done atomically with the assignment What's to stop an automatic payment with the assignment of the counterfeit watch? > As long as the buyer validates it, the only one who could forge watches would be Rolex. Why?
- 3np 5y agoIt sounds like you need to review some blockchain fundamentals. None of the above should be unclear in any way if you have a basic understanding. I could go on and try to address your questions, but really, at this point you may as well just be trolling. The way you have been strongly arguing above is not founded on reality if your last questions are honest.