[ANN/PoC] Coldkey Cryptobond - FIRST Timelocked Physical Bitcoin

MoparMiningLLC

legendary

Activity: 2044

Merit: 2195

EIN: 82-3893490

I got mine in today - they look great!

I did attempt a push using block cypher and you can see from the screenshots the transactions are valid for the amount and are also locked to a set block time as intended

Thanks Yogg!

K-Paxian

copper member

Activity: 272

Merit: 8

omg so cool. How can the plebs here get one of these as well? Huh

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: owlcatz on March 24, 2020, 01:59:12 PM

Quote from: owlcatz on March 24, 2020, 12:43:29 PM

Ok, my card unlocks in just a few blocks. However, I already broadcast it using blockcypher.

Strangely, it's accepted and shows the lock time as 622800...

https://live.blockcypher.com/btc/tx/50b9d14f35394c23faf7c303d75111ba3d86c2f180fca1c78911b483725d10a2/

Ok. https://www.blockchain.com/btc/tx/50b9d14f35394c23faf7c303d75111ba3d86c2f180fca1c78911b483725d10a2

Must have worked - 5 blocks in advance! Cheesy

~~Awaiting confirmation, then will peel/update.~~ Cry

Peeled and swept! Thanks so much Yogg! - Solid job, through and through! Cheesy

Hey owlcatz

Thanks for the test !! I'm glad it worked as planned.

Hah !
Yes, when making my tests I also noticed that blockcypher push transaction feature will accept the transaction even if non-final.

However, the bond works as expected : no miner will include the locked transaction into a block until it has properly matured;
if they did, that block would be rejected by the network since it includes an invalid transaction.

Quote from: ChiBitCTy on March 25, 2020, 12:42:04 AM

Quote from: yogg on March 24, 2020, 07:20:29 AM

Quote from: ChiBitCTy on March 22, 2020, 10:46:12 PM

Yoggy..Sorry was thinking the lock up was a bit longer...But well done good sir! First time I’ve ever broadcasted to the network, or used a smart contact. Very fn cool and quite unique! I have all sorts of ideas how this could be used out in the “real world”...that is when we can all rejoin it!

Noticed the updated holograms. Those are super secure! Way harder to remove than any holo I’ve ever peeled. Great job!

Will posts some pics shortly

Please, I'd absolutely LOVE to hear more about your ideas of how these can be used in the real world. Wink

We are over due for a chat, look forward to throwing them all at ya.

Btw I sent the .001 BTC back to your Yogg wallet listed on your profile (from another wallet, didn’t want to wait for confirm). It’s better served going to your continued innovations with ColdKey. Can’t wait to see what’s up next!

Thanks so much Chibi for testing the Cryptobond.

Very cool that it worked as well !
I wasn't around much these last days, as I don't come to the office anymore because lockdown but yeah a chat is long over due now.
I'll ping you soon.

We are currently making the first release of Cryptobonds ready for you soon.

I expect them to be available sometime during April but definetely May at the latest.

Thank you everyone !

ChiBitCTy

legendary

Activity: 2240

Merit: 3002

Quote from: yogg on March 24, 2020, 07:20:29 AM

Quote from: ChiBitCTy on March 22, 2020, 10:46:12 PM

Yoggy..Sorry was thinking the lock up was a bit longer...But well done good sir! First time I’ve ever broadcasted to the network, or used a smart contact. Very fn cool and quite unique! I have all sorts of ideas how this could be used out in the “real world”...that is when we can all rejoin it!

Noticed the updated holograms. Those are super secure! Way harder to remove than any holo I’ve ever peeled. Great job!

Will posts some pics shortly

Please, I'd absolutely LOVE to hear more about your ideas of how these can be used in the real world. Wink

We are over due for a chat, look forward to throwing them all at ya.

Btw I sent the .001 BTC back to your Yogg wallet listed on your profile (from another wallet, didn’t want to wait for confirm). It’s better served going to your continued innovations with ColdKey. Can’t wait to see what’s up next!

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: owlcatz on March 24, 2020, 12:43:29 PM

Ok, my card unlocks in just a few blocks. However, I already broadcast it using blockcypher.

Strangely, it's accepted and shows the lock time as 622800...

https://live.blockcypher.com/btc/tx/50b9d14f35394c23faf7c303d75111ba3d86c2f180fca1c78911b483725d10a2/

Ok. https://www.blockchain.com/btc/tx/50b9d14f35394c23faf7c303d75111ba3d86c2f180fca1c78911b483725d10a2

Must have worked - 5 blocks in advance! Cheesy

~~Awaiting confirmation, then will peel/update.~~ Cry

Peeled and swept! Thanks so much Yogg! - Solid job, through and through! Cheesy

owlcatz

legendary

Activity: 3570

Merit: 1959

Ok, my card unlocks in just a few blocks. However, I already broadcast it using blockypher.

Strangely, it's accepted and shows the lock time as 622800...

https://live.blockcypher.com/btc/tx/50b9d14f35394c23faf7c303d75111ba3d86c2f180fca1c78911b483725d10a2/

Will update shortly once it hits or fails... Tongue

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Lesbian Cow on March 24, 2020, 11:32:25 AM

I finally got a chance to test drive the Coldkey Cryptobond.

I used your big picture to test the error correction on the locked transaction: when I cover about 5% of the image with my hand, my phone can still scan it. That's good

Lesbian Cow

legendary

Activity: 2954

Merit: 1752

I finally got a chance to test drive the Coldkey Cryptobond.

First, I love the concept. As an uncle to several I can see giving these as gifts.

It is really as simple as following the step by step instructions printed directly on the Cryptobond.

My locked transaction: 0200000000010120286afd0ba5cf5aa8186b3b25085808db028b518d1dff858777b3c7e97b385c0 000000000feffffff01a086010000000000160014c580f7e426632df79b4ea55dd4b1e578b3895d dc0247304402201bf313912f7201d0a61ff88ff708add6439cd1058b55d1d5d9f00646620c7d210 2200898f02a68fc457b8d0d474e6a1c9d51278de9173e96c65d9bfc7b265fc85c98012103be2db8 08a8cef4188bb411a2b1970014c90c15182ab9e7faf124100c9d14611f207f0900

I tried broadcasting before the locked block and it returned an error. Once the block occurred I was able to successfully broadcast the locked transaction.

The final step was to peel the hologram and sweep the private key. The hologram has a clear film over it which required use of a razor knife to remove. No way anyone is getting at the private key without it being very apparent. I was able to then sweep the private key (qr code) into a Ballet Wallet cold storage card.

Public address of the cryptobond: https://www.smartbit.com.au/address/bc1qckq00epxvvkl0x6w54wafv090zecjhwuhklcuq

Really cool new product and very well executed. There is definitely nothing like it available.

MoparMiningLLC

legendary

Activity: 2044

Merit: 2195

EIN: 82-3893490

this is a very cool way to use bitcoin! I see multiple uses on how this could be used to help store the value of bitcoin. good job!

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: ChiBitCTy on March 22, 2020, 10:46:12 PM

Yoggy..Sorry was thinking the lock up was a bit longer...But well done good sir! First time I’ve ever broadcasted to the network, or used a smart contact. Very fn cool and quite unique! I have all sorts of ideas how this could be used out in the “real world”...that is when we can all rejoin it!

Noticed the updated holograms. Those are super secure! Way harder to remove than any holo I’ve ever peeled. Great job!

Will posts some pics shortly

Hey Chibi

Well, it really depends on the pace of the new blocks that are found by BTC.

I'm glad that the testing went well !! Cheesy

Thank you very much for playing the game until the end.

Please, I'd absolutely LOVE to hear more about your ideas of how these can be used in the real world. Wink

Thanks. Really it's great to know that things are done the right way.

ChiBitCTy

legendary

Activity: 2240

Merit: 3002

Yoggy..Sorry was thinking the lock up was a bit longer...But well done good sir! First time I’ve ever broadcasted to the network, or used a smart contract. Very fn cool and quite unique! I have all sorts of ideas how this could be used out in the “real world”...that is when we can all rejoin it!

Noticed the updated holograms. Those are super secure! Way harder to remove than any holo I’ve ever peeled. Great job!

Will posts some pics shortly

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: ?? on ??

Still not confirmed

Hey minerjones,

I think I know what happened here.

The block production was a bit slower than usual, this is why it took so long to reach the correct block height.
Anyway, it's passed now. The fee on the locked transaction was 5000 satoshis (~60sat/b) which is more than enough to include a transaction when BTC runs normally.

Can you please let us know how it went ? Were you able to sweep the locked funds ?

Quote from: krogothmanhattan on March 22, 2020, 07:07:08 AM

Just realized...my cryptobond is the first ever to be made and redeemed card made. Cheesy

Yes, absolutely !
It is the first ever Cryptobond on a card that has matured and been redeemed.

Thank you sooo much Krogoth for going all the way through !!

Next cryptobonds to mature after mj's:

#622368   Lesbian Cow
#622512   ChiBitCTy
#622656   Sat0shisGhost

Current block height :
#622537

Lesbian Cow's and Sat0shisGhost ChiBitCTy's should have matured.
Sat0shisGhost's should be good tomorrow.

Given the worldwide situation, please stay safe first of all ... tests can wait.

We are still working on the release in the background.

Thank you everyone !

krogothmanhattan

legendary

Activity: 2506

Merit: 3209

The Stone the masons rejected was the cornerstone.

Just realized...my cryptobond is the first ever to be made and redeemed card made. Cheesy

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: ?? on ??

16 blocks to go Cheesy

9 more to go !! Cheesy

Can't wait. This experiment is soooooo exciting !!
Thank you sir Mantis.

Please, when the public address will have received the funds, do redeem the Coldkey and sweep the funds to another address.
You can keep the BTC if you like.

Thanks !!

krogothmanhattan

legendary

Activity: 2506

Merit: 3209

The Stone the masons rejected was the cornerstone.

Quote from: yogg on March 18, 2020, 11:57:09 AM

Quote from: krogothmanhattan on March 18, 2020, 11:00:10 AM

Block 622080 has come and gone so I tried to submit again.

  This time the tx has sucessfully gone thru!

   [...]

   The btc addy that had a zero BTC balance now has a 0.001btc value on it! Cheesy

Edit: I also successfully swept the 0.001BTC from the private key into my Mycelium wallet as well Cheesy

Hey Krogoth !

Thank you SO much for doing this test !
I imagine that going to the extend of actually redeeming the Coldkey wasn't easy for a recognized Collector such as yourself.
Many many thanks for playing by the rules until the end.

So true...I wept with sadness when I peeled...not used to doing this at all as I collect em intact...but I had to do it for this time...next time I buy these...never shall they be peeled Wink

Jcga

legendary

Activity: 2590

Merit: 1089

Hi Everyone, some cool crypto homework to do, so here we go : Block 622100

Code:

020000000001015aa37efc02dbd13df8dc729471f0b07d8100a29836afa7b195fe701ea58697da0000000000feffffff01a086010000000000160014c580fec3da05bfa94b17c2b063086bdbdd1f6ac902473044022029c16048db4f961543f6cf2a407ff3ae8cc21b178a083b8bc40eadcf1db5d1f80220140e389d4fefd879d4fa9328762a12fea764167018dba4f980dfc6a2e1872f710121030238ccbc52eacc745f92ecca9bd2d66efaa01ffb725aecd522209e38038274e960810900

Code:

Code: -26, Error: non-final (code 64)

Code:

{
"version": 2,
"locktime": 622944,
"ins": [
{
"n": 0,
"script": {
"asm": "",
"hex": ""
},
"sequence": 4294967294,
"txid": "da9786a51e70fe95b1a7af3698a200817db0f0719472dcf83dd1db02fc7ea35a",
"witness": [
"3044022029c16048db4f961543f6cf2a407ff3ae8cc21b178a083b8bc40eadcf1db5d1f80220140e389d4fefd879d4fa9328762a12fea764167018dba4f980dfc6a2e1872f7101",
"030238ccbc52eacc745f92ecca9bd2d66efaa01ffb725aecd522209e38038274e9"
]
}
],
"outs": [
{
"script": {
"addresses": [
"bc1qckq0as76qkl6jjchc2cxxzrtm0w376kf9cc53f"
],
"asm": "OP_0 c580fec3da05bfa94b17c2b063086bdbdd1f6ac9",
"hex": "0014c580fec3da05bfa94b17c2b063086bdbdd1f6ac9"
},
"value": 100000
}
],
"hash": "2d6c75d3d94a31de69164c5183faa4c341965e609886ac338fceb2661f78c298",
"txid": "2d6c75d3d94a31de69164c5183faa4c341965e609886ac338fceb2661f78c298"

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: krogothmanhattan on March 18, 2020, 11:00:10 AM

Block 622080 has come and gone so I tried to submit again.

  This time the tx has sucessfully gone thru!

   [...]

   The btc addy that had a zero BTC balance now has a 0.001btc value on it! Cheesy

Edit: I also successfully swept the 0.001BTC from the private key into my Mycelium wallet as well Cheesy

Hey Krogoth !

Thank you SO much for doing this test !
I imagine that going to the extend of actually redeeming the Coldkey wasn't easy for a recognized Collector such as yourself.
Many many thanks for playing by the rules until the end.

I am very happy that everything unfolded as expected. Cool

Funds were stucked, you were able to execute the smart-contract AND sweep the funds to another BTC address.
That's great Cheesy

The rest of test Cryptobonds should expire one day from each other from now on.

So much excitement !! Hah, thank you for everything.
This part of Bitcointalk definitely always brighten up my day no matter what.

Quote from: Mitchell on March 18, 2020, 11:06:22 AM

Very cool! Thank you for sharing Krogo and good job Yogg!

Thank you for the kind words Mitchell.

Job is really only starting now that we know it works ...

Maybe a tester whose Cryptobond didn't expire yet can try to execute it ?

Thank you

Mitchell

copper member

Activity: 3892

Merit: 2197

Verified awesomeness ✔

Quote from: krogothmanhattan on March 18, 2020, 11:00:10 AM

Block 622080 has come and gone so I tried to submit again.

This time the tx has sucessfully gone thru!

[IMAGE]

The btc addy that had a zero BTC balance now has a 0.001btc value on it! Cheesy

Edit: I also successfully swept the 0.001BTC from the private key into my Mycelium wallet as well Cheesy

Very cool! Thank you for sharing Krogo and good job Yogg!

krogothmanhattan

legendary

Activity: 2506

Merit: 3209

The Stone the masons rejected was the cornerstone.

Block 622080 has come and gone so I tried to submit again.

This time the tx has sucessfully gone thru!

The btc addy that had a zero BTC balance now has a 0.001btc value on it! Cheesy

Edit: I also successfully swept the 0.001BTC from the private key into my Mycelium wallet as well Cheesy

krogothmanhattan

legendary

Activity: 2506

Merit: 3209

The Stone the masons rejected was the cornerstone.

I received this special Cryptobond card and followed the instructions provided which were very easily understood

I scanned the large QR code with a QR code reader and got the following...

Code:

020000000001011c9f640abbfe92fbdf932470c6c948ed8a6f7c98e57de0100000000feffffff01a086010000000000160014c5805a462bdf668db3cd2f2a3d15e8ee365e6a0b0247304402204017c33d14075ae92551336f1142e1679a06ffcd41d550931c131f1f5271d8ab0220694fd7d7822e9ee407d8f28734f5a001057c899ab66074395fd41b0f6e0121037ad70bc502c9260cf5deb4b6724dc445ffc8bcae2f407768bf5a662b587ad80a007e0900

I pushed it thru the https://www.blockchain.com/btc/pushtx and got the following result at block 622080 has not arrived yet

Code:

Code: -26, Error: non-final (code 64)

  I was also able to decode it as follows thru https://www.blockchain.com/btc/decode-tx

  which gave me the following..

Code:

{
"version": 2,
"locktime": 622080,
"ins": [
{
"n": 1,
"script": {
"asm": "",
"hex": ""
},
"sequence": 4294967294,
"txid": "3e279cf19a01f34a2fa77de5987c6f8aed48c9c6702493dffb92febb0a",
"witness": [
"304402204017c33d14075ae92551336f1142e1679a06ffcd41d550931c131f1f5271d8ab0220694fd7d3a903c7822e9ee407d8f28734f5a001051",
"037ad70bc502c9260cf5deb4b6724dc445ffc8bcae2f407768bf5a662"
]
}
],
"outs": [
{
"script": {
"addresses": [
"qqrt1qckq9533tmangmv7d9u4r6906st"
],
"asm": "OP_0 c805a462bdf668db3cd2f2a3d1565e6a0b",
"hex": "0014c5805462bdf668db3cd2f2a3d15e8ee36"
},
"value": 100000
}
],
"hash": "781f354c9fb2ad7148d63f2b349126b1dbdc9c82255a594fd0650f",
"txid": "7837bf354c9fb2ad7148d63f2b349126b1dbdc9c82255a594fd065"
}

I will update once I am able to succesfully broadcast this. I have also altered most of the numbers here so nobody can trace any tx or btc addy to protect my privacy. Thanks Yogg for this.. Cheers!

Topic: [ANN/PoC] Coldkey Cryptobond - FIRST Timelocked Physical Bitcoin (Read 2157 times)