[Cryptography] Checkoin: physical crypto-cash

Ron Garret ron at flownet.com
Sat Jul 15 15:16:17 EDT 2017


On Jul 15, 2017, at 11:47 AM, Camille Harang <mammique at garbure.org> wrote:

> Le 15/07/2017 à 17:59, Ron Garret a écrit :
>> 
>> I can’t help but picture the following scenario: I accept a coin of the sort shown in the animation on your web site, the one with the scratch-off scratch-to-cash doodad on the back side.  I decide to cash the coin, so I scratch off the obscuring layer to reveal the word, “SUCKER!” written underneath.
>> 
>> rg
> 
> Hi Ron, did you read the specifications?

Yes.

> Please do, you'll see that the
> case scenario you mention is very unlikely to happen, not to say
> impossible.  It's like having a genuine Golden Eagle gold coin in you
> hand, there is almost 0% chance to be fake, because it's a Golden Eagle,
> the technology (which also works for gold coins) guarantees you that the
> coin is genuine.

You can’t be serious.  Did you even bother to do a Google search for “counterfeit Golden Eagle”?

http://www.nbcnews.com/business/business-news/glitters-not-gold-fake-gold-silver-coins-flooding-market-n591201

rg



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