Post
Topic
Board Bitcoin Discussion
Re: Coming Very Soon, a real Bitcoin you can hold! (and is worth 1 BTC)
by
casascius
on 19/08/2011, 16:18:19 UTC
Call me dumb but i don't get the hologram/private key thing...
If the coin holds the private key, what prevents someone from reading it, sell the coin, and move the BTC away after it's sold? :-/
Can someone explain please?

They would have to destructively tear off the hologram to read the key. These holograms tear in a tamper evident pattern.