> You can't outright counterfeit technically as the recipient of each > coin checks that it's correctly formed, and authenticated by the bank, > and that the chain of spends are all bound together. By doing this > the user is assured that either the coin will not be double-spent, or > the bank will identify the double spender when the coin is deposited.
So now one must provide MORE information to get e-checks than for regular cash or money orders ? I can walk in and buy the money order without providing ANY info on myself. Credit cards work fine as it is. Calling it a "coin" is deceptive. What is exactly the purpose of this ? Partial anonymity ? AmEx already has that (single-use CC numbers). > If you use the normal approach of putting the identity in the coin, > you can't double-spend anonymously. And how will a regular consumer, with no math degree, verify that her coins are indeed partially blinded ? Trust the bank ? No shit. Dollar bills in plain white envelope wiith no return address beat the crap out of all these convoluted schemes. ===== end (of original message) Y-a*h*o-o (yes, they scan for this) spam follows: Yahoo! Tax Center - online filing with TurboTax http://taxes.yahoo.com/
