[ANN] Ravenbit NODE physical coin

[Mitchell]

Thats not a very smart idea. Because you can't redeem the coin when needed. First you need to get a list from somewhere and so on so on...
I dont like that.

Uuuuh, you do know that you don't need to know the public key to redeem a coin, right? You only need the private key, which is inside the coin, and from that the public key is generated as well.

[BTC-Fanatic]

Thats not a very smart idea. Because you can't redeem the coin when needed. First you need to get a list from somewhere and so on so on...
I dont like that.

Uuuuh, you do know that you don't need to know the public key to redeem a coin, right? You only need the private key, which is inside the coin, and from that the public key is generated as well.

Ok, as i understand i can generate the public key from the private key? Is that right?
What i want to ask, can i spend a coin only having it in my hand without access to any list and so on.
Thanks in advance for helping me with knowledge

[Mitchell]

Ok, as i understand i can generate the public key from the private key? Is that right?
What i want to ask, can i spend a coin only having it in my hand without access to any list and so on.
Thanks in advance for helping me with knowledge

Yes, any wallet can get the public key from the private key. The private key is the only thing you need to have at hand (and it's always inside an assembled coin). This means that if you have a already assembled coin, you only need to remove the hologram and import the private key. After that you can spend the balance that was on the address linked to the coin.

I hope this helps.