Photo of fake slabbed coins.

And Mikey, I'm putting you down for the funniest last laugh of 2012 on this site! Good Stuff Man!!!

Happy New Year!!!!

 

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The slab market won't collapse completly from fake
slabs. A floor will be established after black cabinet
collectors and anyone else that's really good at authenication
makes a fortune buying up under valued slabs. A mighty
fine reward too for not drinking the TPG Kool Aid.

Who bids on tilted images? Cross-eyed circus contortionists
with three foot necks?

 

I don't need to break the encryption, I just have to record the signal and program my chip to broadcast that same signal. I don't have to know what it actually says. You did note that I did say they would have to physically get their hands on the original coin to record the signal. But attend auction lot viewing that isn't too difficult. Have a very low powered reader in a small box that I have sitting in front of me at the viewing table. As I view each lot I rest it on the top of the box and the reader copies its signal. then I look at the next lot. At the end of the day I have thousands of rfid signals from genuine slabs that I can now make copies of. And I can make multiple copies of each one and they will all broadcast the proper rfid signal claiming to be the original slab. And since it is just a one to one copy of the original signal, if you use a reader that CAN decrypt the signal it will report the same thing for the copies as it would for the original.

Now with some more computing power in the chip we can get around that. If the chip takes a coded input signal and runs that through a coding algorithm the output signal will be different every time and will be dependent on what the input signal was. And of course your reader is going to have to have the same algorithm built into it so it can generate the same response for comparison. I know microprocessors are tiny but can we get it all into a tiny non-intrusive chip that will fit inside a slab and still run off the power received from the signal from the inquiring reader? Or is it going to need an internal power source?

 

At what website may I purchase these counterfeits?

 

i think ive just figured out how to stop this.

 

Well I'm glad you're keeping it a secret. You wouldn't want to share it with anyone.... that would be a bad idea.

 

+1

Yup, And I heard that if you hold it in to long it will turn into a fart!