>> 2014-05-18 13:14 GMT+01:00 Andreas Schildbach <andr...@schildbach.de>:
>> One problem we couldn't figure out here though - how to protect the
>> notes from unauthorized redeem. Like if someone else tries to reach your
>> wallet with his own NFC - how can we distinguish between deliberate
>> redeem by owner and fraudulent redeem by anybody else with custom built
>> long range NFC antenna? Any ideas?
>>
>> I think you'd need multiple factors to protect against that attack. Like
>> encrypting with a key that is printed on the note as an QR code.
>
>On Sun, May 18, 2014 at 7:51 AM, Alex Kotenko <alexy...@gmail.com> wrote:
>
> Yes, but it must not sacrifice usability. It's paper money, people are used 
> to it and they have rather high standard of expectations in this area. Any 
> usbility sacrifices in this area result into failure of the whole thing.
>
> Best regards,
> Alex Kotenko

One thought I had reading through this exchange: I think the general
public is becoming more aware of the "hacker with a long range
antenna" sort of attack, since credit cards are getting microchips
that can be scanned. There's a few videos I've seen of white hat
hackers demonstrating how a suitcase-sized apparatus carried by
someone walking down the street can scan and make charges on cards in
people's pockets as the attacker brushes past. Hence RFID-blocking
sleeves/wallets are on the market, such that your smart credit card
can't make a purchase while its in your wallet. Is a RFID-blocking
wallet also NFC-blocking? Irregardless of whatever "future cash" you
choose to carry (be it credit card or bitcoin card/coin/cash), perhaps
its the wallet/purse that needs an upgrade, to ensure your money
doesn't spend itself while its in your pocket, but you can easily
remove it and spend it conveniently?

Brooks

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