The secret to CloudCoin is the CloudCoins themselves.
The 25 authentication clouds are located in 22 different countries and managed by independent operators.
Governments would have to shut down all 25 clouds in order to stop CloudCoins from authenticating. If one RAIDA cloud is brought down,
others pop up to replace it. As time goes by and the value of CloudCoins grow, the number of servers will grow to 6,000.
The Cloud Currency Consortium tries to improve the value of CloudCoins. The RAIDA (Highly Independent Dispersed RAIDed Authentication) cloud is not owned or controlled by anyone or any entity. It is in the best interest of all these people that their part of the RAIDA cloud is independent and
In order to hack CloudCoin the hackers would need to take control of a majority of the RAIDA servers. It is highly unlikely that this would happen because RAIDA servers under attack could simply be shut down and repaired if damaged.
You can sell your CloudCoins on-line assuming you have a PayPal account or other bank. You may also accept electronic checks.
You may also request cash, check or coin be mailed to you and send CloudCoins upon receipt.
CloudCoin was designed to allow for easy escrow service so this is another option for riskier purchases.
Each CloudCoin has an escrow password that you can use to identify yourself as the owner.
This is necessary for an escrow account but is not necessary for regular transactions.
You will ask your customer to send you their CloudCoins in the amount you require.
You will receive these in the form of a JPG via email, Skype, Facebook, USB drive, etc.
You will go to an authentication server Web page. You will load the JPG into your browser.
The Web page will check the currency for authenticity. If it is good, send the product.
If it is counterfeit, tell the customer that their CloudCoins are no good.
There will be hundreds of websites you can go to. You can load your JPEGs into your browser and they can be checked for authenticity.
You can also download Apps for your PC, MAC and phone that do this.
Find someone who takes CloudCoin. Check that your CloudCoin is authentic by going to a website and authenticating. Then send the CloudCoin to the merchant. Wait for them to take ownership. If they say they
can't take ownership then immediately re-authenticate your CloudCoins. If it fails then they have taken ownership and are lying. Otherwise expect them to give you the merchandise.