Quote from: JoelKatz on September 25, 2012, 04:21:41 PM

Quote from: Nefario on September 25, 2012, 03:43:43 PM

Why would you let someone use it twice?

The argument everyone else will be using is, "Why would he let someone use it at all?"

Quote

Stop pretending to be so clueless.

An unverifiable system is really not workable. What happens if two people present him with the same code at the same time?

Say one person presents him a claim code. Then a few days later, someone else presents the claim code and has a pile of other proof that he held the asset. How can he know if the same claim code was given to two people or the second person is a scammer who gave the claim code to the first?

He is being compelled to accept liability for a scheme whose reliability he has no way to assess.

What is the difference between a usd code from gox, and this code from glbse?
Both are directly given to me. Should I give the gox code out before I hit bitinstant, I am an idiot and deserve to lose.
How would bitinstant deal with the same code coming in multiple times at the same time?

First code redemption gets the credit, after that, SOL.