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by paulgerhardt
310 days ago
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Years later we put a newer version of this chip with a secure element into Bitcoin bills.[1] Hand waiving a lot of the details, each note basically becomes a hardware wallet with some additional features to prevent double spending. [1] https://offline.cash |
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but its still has flaws imo and just makes it a novelty rather than something practical or useful, for example unless the vendor has change, you would have to spend your btc cash denomination as a whole or exchange it for fiat. what if both the vendor & customer didn't have internet access, how would they check if the cash hasn't been used? idk if you can write back to an rfid that may solve some problems