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New £1 coin to be introduced to combat counterfeiting
- indolering 13y agoOr you could just end counterfeiting all together. http://indolering.com/puf-bitcoin http://indolering.com/puf-bitcoin It can be applied to normal currencies as well.
- scrollaway 13y agoYou're right, bitcoin is the obvious alternative to a physical coin used daily by over 60 million people being easy to counterfeit. You should run for queen of england, the current one is getting a bit old.
- PhantomGremlin 13y ago> You should run for queen of england, the current one is getting a bit old. It's remarkable how long she's been around. I'm no spring chicken, but her son is quite a bit older than I am. I'm not in the Commonwealth, so I haven't closely followed the changes in her visage over the ages. But in the sidebar titled "HISTORY OF THREE PENCE PIECE", Elizabeth II on the coin doesn't look that bad, practically a "babe".
- indolering 13y agoThe blogpost is about making it impossible to counterfeit physical currencies, crypto or otherwise. You should read the article, you might find it enlightening.
- rikf 13y agoI am amazed that people would go through the effort to counterfeit a £1 coin, you would literally need to counterfeit millions of coins to make the enterprise worthwhile and then how would you launder them all? Obviously the benefit is worth more then the cost but I find it strange none the less