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Great write up.

Two additional thought:

  • As the buyer you may want to buy a counterfeit testing pen. They are relatively cheap and great EDC tool in this situation.
  • If onchain transaction, may want to confirm ahead of time number of confirmed blocks needed for confirmation.

Do you know how to detect a bleached bill that has been re-printed as a $100 ?

Your pen says it is legit.

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It would be missing a prominent blue holographic stripe running through the paper.

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No, I don't

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As the buyer of cash? (i.e., paying with bitcoin? )

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