4 ms·
this seems to open a whole new door for double-spending and other forms of counterfeiting. nothing seems to stop me from buying a physical coin, then transferri
by munin 15y ago
this seems to open a whole new door for double-spending and other forms of counterfeiting. nothing seems to stop me from buying a physical coin, then transferring the digital coin to my mtgox account but still spending the physical "coin".
to guard against this, you need to check block explorer for every coin that you were going to spend with a physical merchant, I think?
- Periodic 15y agoThe private key is stored under a special hologram sticker, which is tamper evident. It should be obvious if the coin was digitally transferred.
- munin 15y agoobvious if you have an internet-connected computer present at every point of sale? -- oh nevermind I was mistaken, I get it now. neat.
- mhb 15y agoObvious if the hologram has been tampered with.
- burgerbrain 15y agoIs the assumption that you might not really reasonable in this world?