why not sell on exchanges? I would buy but doesn't make sense to trust an individual when i can buy on exchange.. Also, I'm considering pledging more for the cryptocard but im cautious about paper wallets
Hello Fierce,
Thank you for making a pledge for the Sterling crypto card wallet project on StartJOIN.
The process for generating the crypto card wallets pub.key (address) and priv.key (redemption code) are to be performed in a secure environment.
A new wallet.dat is first generated in an 'online' Sterlingcoin wallet to ensure the necessary key pairing. This networked PC is fully encrypted and uses an advanced P2P firewall. The individual wallet.dat is then copied securely to an encrypted USB drive and then to a fully redundant (always offline) PC. Only then is the "dumpprivkey" command used to extract the priv.key for the wallet address. The priv.key is printed directly onto the back of the card using an (always offline) redundant printer and is then immediately sealed with a tamper-proof-resistant hologram / unique bar coded sticker. All copies of the priv.key and wallet.dat are then destroyed using a military-grade DoD 5220.22-M file deletion process. This process will be certified on our future website dedicated to the crypto cards.
I will be the only person (or another certified person) who ever sees the individual priv.key and we are also working on additional quality assurance certification for the cards, which will be put in place when the project has the required funding.
There is a 'trust' element to this of course, as with the provision of any 3rd party product or service, although I am looking to implement extended security well above and beyond all other existing providers of paper wallets and crypto cards. It is certainly in my best interests to do this properly and to ensure the longevity of my future business. We will be ensuring as much transparency as possible throughout the process as well.