How to make unforgeable money in generalised probabilistic theories

We discuss the possibility of creating money that is physically impossible to counterfeit. Of course, "physically impossible" is dependent on the theory that is a faithful description of nature. Currently there are several proposals for quantum money which have their security based on the...

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Main Authors: John H. Selby, Jamie Sikora
Format: Article
Language:English
Published: Verein zur Förderung des Open Access Publizierens in den Quantenwissenschaften 2018-11-01
Series:Quantum
Online Access:https://quantum-journal.org/papers/q-2018-11-02-103/pdf/
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spelling doaj-b6e2aa9971cb47e595f0fa361f153ae72020-11-25T01:33:14ZengVerein zur Förderung des Open Access Publizierens in den QuantenwissenschaftenQuantum2521-327X2018-11-01210310.22331/q-2018-11-02-10310.22331/q-2018-11-02-103How to make unforgeable money in generalised probabilistic theoriesJohn H. SelbyJamie SikoraWe discuss the possibility of creating money that is physically impossible to counterfeit. Of course, "physically impossible" is dependent on the theory that is a faithful description of nature. Currently there are several proposals for quantum money which have their security based on the validity of quantum mechanics. In this work, we examine Wiesner's money scheme in the framework of generalised probabilistic theories. This framework is broad enough to allow for essentially any potential theory of nature, provided that it admits an operational description. We prove that under a quantifiable version of the no-cloning theorem, one can create physical money which has an exponentially small chance of being counterfeited. Our proof relies on cone programming, a natural generalisation of semidefinite programming. Moreover, we discuss some of the difficulties that arise when considering non-quantum theories.https://quantum-journal.org/papers/q-2018-11-02-103/pdf/
collection DOAJ
language English
format Article
sources DOAJ
author John H. Selby
Jamie Sikora
spellingShingle John H. Selby
Jamie Sikora
How to make unforgeable money in generalised probabilistic theories
Quantum
author_facet John H. Selby
Jamie Sikora
author_sort John H. Selby
title How to make unforgeable money in generalised probabilistic theories
title_short How to make unforgeable money in generalised probabilistic theories
title_full How to make unforgeable money in generalised probabilistic theories
title_fullStr How to make unforgeable money in generalised probabilistic theories
title_full_unstemmed How to make unforgeable money in generalised probabilistic theories
title_sort how to make unforgeable money in generalised probabilistic theories
publisher Verein zur Förderung des Open Access Publizierens in den Quantenwissenschaften
series Quantum
issn 2521-327X
publishDate 2018-11-01
description We discuss the possibility of creating money that is physically impossible to counterfeit. Of course, "physically impossible" is dependent on the theory that is a faithful description of nature. Currently there are several proposals for quantum money which have their security based on the validity of quantum mechanics. In this work, we examine Wiesner's money scheme in the framework of generalised probabilistic theories. This framework is broad enough to allow for essentially any potential theory of nature, provided that it admits an operational description. We prove that under a quantifiable version of the no-cloning theorem, one can create physical money which has an exponentially small chance of being counterfeited. Our proof relies on cone programming, a natural generalisation of semidefinite programming. Moreover, we discuss some of the difficulties that arise when considering non-quantum theories.
url https://quantum-journal.org/papers/q-2018-11-02-103/pdf/
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