What are your thoughts on digital coin?
I grabbed the "Digital Coin Technology" pdf file.It looks to me like it fails in the second paragraph:
Quote
This
Digital
Coin
serial
number
can
be
up
to
512
numbers
long.
The
Digital
Coin
software
alone
can
find,
read
and
alter
this serial
number.
If the DigitalCoin software can read the serial number, then so can other software. It is simply not true that "The DigitalCoin software alone can ..."
Either you have a central server running the DigitalCoin software and you have to trust that the people running that server won't double-spend DigitalCoins.
Or... you have Bitcoin, where the "serial numbers" are the public keys of coin generation transactions.