Post
Topic
Board Bitcoin Discussion
Re: Coming Very Soon, a real Bitcoin you can hold! (and is worth 1 BTC)
by
timmey
on 19/08/2011, 19:40:41 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.
D'Oh...now i get it. The hologram is a sticker and covers the private key... i had some sort of hologram directly lasered on the coin's surface in my mind...you know, to make it look pretty Roll Eyes