Friday, January 27, 2017

Card ID and verification

The pure cash has secret keys in the smart card, unobservable by any human. From yhese keys, ythe card can generate one or more card IDs.  The proper verification service can validate a card ID, and return the state of the card,m(valid,bankrupt,wanted warrant,missing human, recently fingerprinted).

For example, Master charge owns a key or two in your card, and card IS generated from those keys can be validated by Master charge.  But. mastercharge is thusly linked to yhe hardware layer, their verification service must pass reports back to the secret fab bot that puts secret keys into cards.  That is a slow moving queue, but it moves, and it is completely secrey from all humans.

The cardID is always part of a triplet: <Bot,CardID,Coin(s)>. The bot may or may not spawn, but all bots conserve coin, no double spending or forgery.  The bot obeys that rule, and manages verification protocol, and watches for the proper thumprints. It then bets the current pit.

So, we can see two things, hardware  protection and verification and difficult forgery. 

And two, if the sandbox is secure, the fair trading trade rules are quite simple.  Everywhere, the hardware should be able to secure coin accounts and the associated bot code. The hardware engineers will tel us this is all fine, and hey will  have large digits.

 Locating a thumbprint

Smart contracts are all about moving mass over time, humans everywhere and they deliver pizzas to thumbprints.  So, shoe leather, just like normal, and the tax cops can track you if they have a warrant on one of your card IDs.

But, Mastercharge just wants to know your card and a valid thumbprint have married.  After that the card keeps the agreement and knows red/green.  Mastercharge is free to advertise, segment the market by changing the pit boss. Bu, once they have a customer, they have the thumbprint and the sandbox guarantees.

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