Post
Topic
Board Bitcoin Discussion
Re: I just made my first Bitcoin ATM withdrawal... 3BTC from my printer.
by
bg002h
on 10/08/2012, 01:29:05 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.


So stupid... if you NEED INTERNET ACCESS to verify it, then why is it in paper in the first place?

This is only useful for personal offline backup, never to be used for public transfer.
I take my Internet connection with me everywhere I go...