Post
Topic
Board Bitcoin Discussion
Re: I just made my first Bitcoin ATM withdrawal... 3BTC from my printer.
by
Gyrsur
on 08/08/2012, 18:11:39 UTC
I assume it's the private key that's under your finger. Without any additional security measures, how can one be sure that a paper coin is unspent?

The idea with these is that the receiver of a bill scans the private key, immediately moving the funds to another address. The bill can then be discarded.

exactly this is how the process should work.