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Topic: [AUCTION OVER] PaperSafe Silver Satoshi Note #05 | NO RESERVE - page 2. (Read 1815 times)

legendary
Activity: 2676
Merit: 2203
BitcoinPenny.com
0.48BTC

Viz

Thanks for the high bid, Viz. If you win this auction, then I'll happily accept payment in Viacoin (VIA) instead of BTC. Wink

Regards,
Me
legendary
Activity: 2433
Merit: 1642
legendary
Activity: 2676
Merit: 2203
BitcoinPenny.com
It's a good morning bump, from me to you. Smiley

Regards,
Chris
legendary
Activity: 2676
Merit: 2203
BitcoinPenny.com
0.47 BTC

Thank you for the continued bids, everyone!

The current high bidder is BitcoinNewsMagazine @ .47 BTC.

Regards,
Chris
legendary
Activity: 1806
Merit: 1164
full member
Activity: 166
Merit: 170
In memory of Zepher
Can you explain how the private key works?

TL;DR: An encrypted private key is visible on the back of the note. In order to decrypt the encrypted private key, you need the decryption password. The password is hidden under a tamper-proof holographic sticker. Peel the sticker to reveal the decryption password. Scan the QR code of the encrypted private key, then you will be prompted to enter the decryption password. Enter the password to reveal the REAL private key to spend any funds that you may have loaded onto the note.


Here's the full explanation from its creator about the encrypted private key. (Please note the final sentence. LOL)


"The only way to use the private key is with a password. That password can be anything... I make them 10 digits long to make them extremely to nearly impossible to brute force. The encryption/decrypting process is time consuming.

So, when I create the keys for the Papersafe Note. I first print the random password from a spreadsheet like program. This is done in bulk... its total random and it doesnt matter what the password is..   I type that random password into bitaddrsss.org to encrypt the private key ... The public address and the encrypted private key are then printed on the notes.

To redeem the funds from an encrypted private key ..you would scan the private key QR code ...I use my phone and blockchain.info app..there are other wallet apps that do this also.... It then asks for the password....type in the password ....it decrypts to a private key that can then spend the funds....

A PaperSafe Satoshi Note has the encrypted private key and public address printed visibly. The Password is covered with a tamper evident scratch off and a self destructing holographic sticker. To view the Password , you have to peel the hologram sticker off then scratch the scratchoff, revealing the password.

To reveal the password... The hologram has to be removed to access the scratch off....   this is not a quick rip it off hologram , but with care will do what it is meant to do...

First thing you want to do is warm up the area ... since you would be destroying the note by removing the hologram... rubbing you finger back and forth across the area to create friction will warm the adhesive enough to release without tearing paper. a hair dryer may work also..  This is a self destruction hologram... it will leave a lot of the adhesive and parts of the hologram behind.. If the paper starts to tear.... then it needs to be warmed up a little more ..   I found that a sharp pointed blade like an xacto hobby knife, to start the process was helpful...  once the hologram is removed there will be a lot of sticky on the scratch off....  the back of a knife is useful to gently scrape it off....once most of the sticky is lightly scraped off...then a coin can be used to scratch and reveal the password. I use a Bitcoin Penny to do this ... just because."
(Emphasis mine.)


Regards,
Chris Wink

Perfect thanks! I was unsure if the original buyer was the one that set up the decryption password or not.

0.46 in that case.
legendary
Activity: 1806
Merit: 1164
legendary
Activity: 2242
Merit: 1057
0.44

thanks for auctioning this Smiley
legendary
Activity: 2676
Merit: 2203
BitcoinPenny.com
Can you explain how the private key works?

TL;DR: An encrypted private key is visible on the back of the note. In order to decrypt the encrypted private key, you need the decryption password. The password is hidden under a tamper-proof holographic sticker. Peel the sticker to reveal the decryption password. Scan the QR code of the encrypted private key, then you will be prompted to enter the decryption password. Enter the password to reveal the REAL private key to spend any funds that you may have loaded onto the note.


Here's the full explanation from its creator about the encrypted private key. (Please note the final sentence. LOL)


"The only way to use the private key is with a password. That password can be anything... I make them 10 digits long to make them extremely to nearly impossible to brute force. The encryption/decrypting process is time consuming.

So, when I create the keys for the Papersafe Note. I first print the random password from a spreadsheet like program. This is done in bulk... its total random and it doesnt matter what the password is..   I type that random password into bitaddrsss.org to encrypt the private key ... The public address and the encrypted private key are then printed on the notes.

To redeem the funds from an encrypted private key ..you would scan the private key QR code ...I use my phone and blockchain.info app..there are other wallet apps that do this also.... It then asks for the password....type in the password ....it decrypts to a private key that can then spend the funds....

A PaperSafe Satoshi Note has the encrypted private key and public address printed visibly. The Password is covered with a tamper evident scratch off and a self destructing holographic sticker. To view the Password , you have to peel the hologram sticker off then scratch the scratchoff, revealing the password.

To reveal the password... The hologram has to be removed to access the scratch off....   this is not a quick rip it off hologram , but with care will do what it is meant to do...

First thing you want to do is warm up the area ... since you would be destroying the note by removing the hologram... rubbing you finger back and forth across the area to create friction will warm the adhesive enough to release without tearing paper. a hair dryer may work also..  This is a self destruction hologram... it will leave a lot of the adhesive and parts of the hologram behind.. If the paper starts to tear.... then it needs to be warmed up a little more ..   I found that a sharp pointed blade like an xacto hobby knife, to start the process was helpful...  once the hologram is removed there will be a lot of sticky on the scratch off....  the back of a knife is useful to gently scrape it off....once most of the sticky is lightly scraped off...then a coin can be used to scratch and reveal the password. I use a Bitcoin Penny to do this ... just because."
(Emphasis mine.)


Regards,
Chris Wink
legendary
Activity: 3570
Merit: 1959
Is there a private key? I confused...
full member
Activity: 166
Merit: 170
In memory of Zepher
Can you explain how the private key works?
legendary
Activity: 1806
Merit: 1164
legendary
Activity: 3752
Merit: 1415
full member
Activity: 166
Merit: 170
In memory of Zepher
legendary
Activity: 1806
Merit: 1164
legendary
Activity: 3066
Merit: 1757
legendary
Activity: 1534
Merit: 1133
derp
Ohhh watching this auction.

If the winner wants a sequential set... feel free to ask me about #406  Wink
legendary
Activity: 1806
Merit: 1164
legendary
Activity: 3752
Merit: 1415
legendary
Activity: 2676
Merit: 2203
BitcoinPenny.com
0.25 BTC

Thank you for the bids, everyone!

The current high bidder is BitcoinNewsMagazine @ .25 BTC.

Regards,
Chris
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