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Old 05-17-2011, 06:48 PM   #138
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Member#: 7003
Join Date: May 2001
Chapter/Region: BAIC
Location: Rabid Fan

Originally Posted by Kebo View Post
If that were the case then A) It would not be so anonymous, and B) Personal theft of the thumb drive or computer, etc. would not be an issue. Correct?

If the money is simply an ID tag based on an available algorithm, what's to stop someone from doing this? Based on the FAQs on the site, 'ownership' of the coin is really just the level of agreement between nodes.
I'm just addressing the counterfeit issue and don't know ****. But my point is that the money is all registered upon introduction. I think it would be difficult to validate any new money due to timestamp issues primarily. I think a bigger issue is payment diversion to a currency that exists digitally.
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