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A comment on Coin. Parent comment

Re:Coin by umsm on Thursday November 14, 2013 @05:23PM (#6736117)
Theoretically, the creators of coin can implement some sort of security in these sorts of situations:

1) They require you to register this "coin" device 2) They require you to add some banking account details

Now, if you were to "clone" someone else's card without their permission, the trail would lead directly to you...

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Re:Coin by blibble on Thursday November 14, 2013 @05:36PM (#6736192)
so, you think they'll accept liability for fraud?

I don't think so, there's also no way for anyone to trace the transaction back to them

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Re:Coin by umsm on Thursday November 14, 2013 @05:43PM (#6736238)
I don't know if they will accept liability, but they can try to prevent it as much as possible within their ecosystem.
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