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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Verein zur Förderung des Open Access Publizierens in den Quantenwissenschaften
2018-11-01
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Series: | Quantum |
Online Access: | https://quantum-journal.org/papers/q-2018-11-02-103/pdf/ |
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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/ |
work_keys_str_mv |
AT johnhselby howtomakeunforgeablemoneyingeneralisedprobabilistictheories AT jamiesikora howtomakeunforgeablemoneyingeneralisedprobabilistictheories |
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1725078610032721920 |