# Gavin Andresen
# 2010-11-29 21:28:56
# https://bitcointalk.org/index.php?topic=1992.msg25476#msg25476

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I grabbed the "Digital Coin Technology" pdf file. @p{par}

It looks to me like it fails in the second paragraph: @p{brk}

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 @p{brk}
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 ..." @p{par}

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. @p{par}

Or... you have Bitcoin, where the "serial numbers" are the public keys of coin generation transactions. @p{brk}