Bitcoin Paper Currency

adamgrant.me

I'm confused, is the private key represented on the face of the note? If so, isn't there a risk that anyone who ever sees the note might spend the bitcoins, breaking the association with the note?

The private key is on a separate note, Darwin.

Well, I'm still confused, because then possession of the circulating note doesn't actually allow you to redeem it... or do you have a sort of central issuing bank that holds the Darwin notes and honors redemptions on request?

Great design.

Putting high achievers face on currency will quickly become a political issue. There are many cultures of people with almost no scientific achievement. Their people would never be on that currency.

Bitcoin paper currency will need more thought. Someone could steal your currency just by looking at it and thats not secure. We probably could take a range of coins and designate them as paper only currency and digitizing them would not be allowed.

No, they would also need the private key, which is on the Darwin Note.

Reply on news.ycombinator.com