New answers tagged

2

Sounds nice, but may pose some challenges. HashCash, bit gold, and b-money all tried to use self-mined proof of work as cash directly. Those projects were unable to solve the doublespending problem as they did not feature a global consensus system. DigiCash on the other hand was able to solve doublespending but required a central operator to clear payments ...


1

The coins are not stored on the USB drive, they keys that can spend the coins are. An 'encrypted USB' would likely not constitute a 'cold storage' device, that term is usually used to describe keys which have never existed on an online device. If you use your (online) computer to generate keys, and then store them on a USB drive, that would not constitute '...


Top 50 recent answers are included