Tuesday, July 28, 2015

Dead coins and bot security

The bot relies on a chain of hardware keys, in the cards. Of the entire collection of hardware paths, the vast majority of them are noise, on the chip. Higher security cards cover more of the decode graphs but have frequent key updates.  Consumer card are lower security and less frequent updates.  (These patents are property of the Bot Company. In fact they are part of the McKellar spin theorem,  and Dannica is the bot VP marketing).

Eventually the consumer will leave some dead encrypted coin somewhere on the web, and soon it is undecipherable, because of security. That is not quite like cash. Long buried cash can be rediscovered, dead coin cannot. But, bankers offer a search service to look for and return your dead cash to your bot. What is at stake is, honest bot to bot exchange the new world.

The bot can handle dead cash in the yield curve for any coin, so it may remain a rate zero number on the curve, almost like digital trash. The bot can take gains from that, over time, end eventually empty the trash, because the bot knows the probability distribution of hardware code updates.

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