Topic: C R Y P T O S T A M P with BITCOIN (solutions? thoughts & questions) - HELP! (Read 406 times)

Yes exactly, but the original crypto stamp wasn't called / marketed as "Ethereum stamp" either.  So if you specifically want a Bitcoin stamp (rather than just a version-2 crypto stamp), then an Omni token would not technically be that in my opinion.  Of course, for marketing you might as well still call it "Bitcoin stamp" just because it runs "on" Bitcoin's blockchain, and most people won't complain I guess.

I think that still would be fine.

The original crypto stamp isn't an etherum stamp either, but an ERC-721 token.

Using something like bitcoin / omnilayer should be comparable to ethereum / ERC-token. Or am i missing something ?
I am not really familiar with omni, but as far as i know thats pretty similar ?

One thing to keep in mind, though, is that these layers on top of Bitcoin (Counterparty, Omni, coloured coins and perhaps there are more) "are" not really Bitcoin (they just use Bitcoin's blockchain for consensus).  So in that sense, an Omni token would not really be a "Bitcoin" stamp.  For a "real" Bitcoin stamp, I think the main / only option is to have essentially funded paper wallets as you described initially; that would be quite boring in comparison, though.

*edit* nevermind  I forgot I PM'ed OP about it, no response is indicative that op has no interest in PoB.
Good luck with this I hope to see a crypto stamp based on BTC soon!

Yes right! I am interested in a BTC stamp and would like to present ideas to the Vice-president of the Austrian Post when I have the meeting.

The omnilayer looks interesting, but I will have to dig deeper.


If you guys have other ideas, I appreciate every thought on this topic related to King BTC

They do not have anything to do with BTC at all.
Those are the ETH-/token- stamps OP was referring to in the initial post:



Maybe read the OP next time before spamming a thread.

Crypto Stamps with Bitcoin are not new.  
[Raffle] Crypto Stamp Edition 1 - 3x black + 3x green Digital Token | 16/16
[WTS] Full Set of Crypto Stamps (all 5 colors) Physical Version
[RAFFLE] Crypto Stamp MADNESS! Black/Green/Blue/Yellow - 45 total stamps! 16/16

Yes, Bitcoin stamp would be nice, definitly.

Two thoughts:
- If it's an "official release" by the Austrian post, a connection to the first (ETH based) crypto stamp would be important. Different colours for different addresses would still be possible with BTC. See: https://en.bitcoin.it/wiki/Colored_Coins
So I think having the same collectible aspect on the next version of the crypto stamp would help both, the first crypto stamp as well as the 2nd one, because it creates continuity and extra collector's value.

- Due to the success of the first crypto stamp, the Austrian post may feel inclined to create an even larger amount with a 2nd generation stamp. However I believe this would be adverse in the long run (for future crypto stamp generations), as 150k was already *a lot* and an attempt to create even more would easily be construed as a quick money grab and be hurtful to the Austrian Post's public image, especially for future products.

I used counterpartuy concept and sweetened it up. This was a bit technical for the collectibles section and I dont think they realize how in depth my project was.


Basically the way to go about this is proof of burn that way fee's are in the past.


https://bitcointalksearch.org/topic/m.51341461

Please read it carefully due to my binding process , I call it "Signature Binding" to physical assets.

I would like credit for this if it in fact discussed or used.

Please notice I did not use my own note for this project but currently in talks with Polymerbit LLC to make my "Official" Proof of burn set.
I modified these notes with my concept.


*Edit* just a snippet

General Info:
These 10 Addresses represent 10 separate collectors notes with keyless wallets and funded unspendable wallet printed on them to represent a proof of burn to attempt a Face Value Note Ranging from 1001 Satoshis to 1010 Satoshis to indicate a SN This was signed AFTER printing to indicate errors and counts.

Printed on Tartadeco 1 Bitcoin  Serial Numbered Notes, these feature a security strip, UV Ink, WaterMark's, and neat European style graphics featuring a dark Bitcoin logo on one side and open golden vault on the reverse side.
I printed QR BTC address that represent bitcoin burner address (no private key available) inside a white space available on the notes along with Kevin Gates face on the bottom to represent BWA BreadWinnerAssosiation.

Funding TXID : 18d12e0216ea986f34b492dee451e23fe90230760f99525286f68c8e7408ecbe

Burned From: 1BurnedxpgN4Mk4WsVZiXU2dzDQg617fra
Burned To:
1oo1SatoshiBurnedToThisNotezFnY9j   SN=15273888 Had slight blur & grey on print. Error Note*
1oo2SatoshiBurnedToThisNotewXifau   SN=15274888
1oo3SatoshiBurnedToThisNoteyV4PNT  SN=15275888
1oo4SatoshiBurnedToThisNotew2bgze  SN=15276888 Off-center, QR is hard to read, Tear at bottom of note from template removal. Error Note*
1oo5SatoshiBurnedToThisNotex7kr7B   SN=15277888
1oo6SatoshiBurnedToThisNotefjWUL9   SN=15278888
1oo7SatoshiBurnedToThisNotew7zgdj   SN=15279888
1oo8SatoshiBurnedToThisNotez6nsd3   SN=15280888
1oo9SatoshiBurnedToThisNotedz8wvA  SN=15281888
1o1oSatoshiBurnedToThisNotex6UZZc  SN=15282888

If you want to create actual tokens rather than just paper wallets I think Counterparty [1] and Omni [2] are what you are looking for. Both run on the Bitcoin network; Omni most famously known for Tether (USDT) and Counterparty probably best known for... ahem... Rare Pepes. I'm not sure how alive either of these projects still are though.

As far as LN is concerned you probably still have to wait for the likes of RGB [3] to enter the stage.

[1] https://counterparty.io/
[2] https://www.omnilayer.org/
[3] https://github.com/rgb-org/spec

I didn't realize you created a duplicate thread before I posted there, so I'm moving my post here. It contains some things that have been said already now. Please follow posting rules to prevent this:

I didn't notice, so a link helps: Austria Post Launches 'Crypto Stamp' Collectibles on the Ethereum Blockchain.

It looks like they used some made-up Token instead of any real crypto coin.

This could be combined with a Physical Bitcoin Lotto Scratch Card: get the chance to win a large amount in Bitcoin when you receive a package!

I don't know ETH fees, but Bitcoin fees can be as low as a fraction of a dollar cent per funding address. However, it doesn't make sense to fund the addresses with dust amounts of Bitcoin, that's why a Lotto makes more sense.

Most wallets can do it. bitaddress.org can do it. Vanitygen can do it.
Using proper security measures is needed though, especially when it comes to trusting a single or a few employees with private keys.

Yes, but that would require a custodian that holds the funds until someone claims them. I wouldn't recommend it for a scratch-stamp.

Do it!

There's a risk of delivery guys scratching them though.

hmm you are right, it just would be like a paper wallet, but still cool imho.

It wouldnt allow the option to create a digital version of the stamp... like ETH can provide.

Thanks guys, this was super useful!

But it was a token on the ethereum blockchain.
And not simply an address owning 0.X ETH (which would be quite senseless IMO).

Those BTC stamps basically would be small paper wallets containing an insignificant amount of BTC ?

I mean.. those stamps would be kind of a gimmick, but far away from the token-stamp. Or am i missing something ?





With 1 input and 1000 outputs, your transaction would be roughly 34000 bytes large.
With 1 sat/B, that would be roughly 4.20 USD in fees.

Whether you are using legacy or segwit doesn't play a role with so many outputs.

You can use this site to calculate transaction fees.




This depends on the wallet you are using.
Most wallets have the ability to insert the addresses and amounts in a so-called "pay-to-many" transaction. That's at least the name for it in electrum

Try playing with sliders on this website. You will probably use regular (legacy) addresses. Outputs are the addresses you generate. Also, don't forget to look at the fee rate. It increases from time to time, so you will have to divide the estimated fee by it.


Electrum allows users to include multiple outputs by entering multiple addresses and amounts in the Pay to field like this:


All the addresses have to be in separate lines. Otherwise, it won't work.

What do you think, would be the estimated actual costs to fund 1000 adresses with 10K Satoshi?

How can I calculate this?

And how can I fund all adresses in one transaction?


Thanks for you time!

Hey Bob, the first crypto stamp had two parts.

one side had the design plus a QR code with the public key.

the other side had the private key hidden under a scratch field.

To be honest, it is not so much about the BTC which are stored on the stamp. It is more about the collectible item, getting more support for BTC from
official institutions like the Austrian Post office.


Generating multiple adresses shouldn't be the problem though. Thanks!

You would simply generate 1k private keys, and derive the public keys and addresses out of it and create 1 or multiple pay-to-many transactions with your input and 10k satoshi output for each address.

To create a few thousand addresses, you can either use an own script or a wallet like electrum. Electrum needs roughly 1 second per 1k addresses (depending on your machine).


But the important question is.. what would be the sense of funding the address with 10k satoshi ?
Would you print the public-key or address as QR on the stamp ? This doesn't make a lot of sense to me. What would the owner of the stamp do with it ? Import the private key ?

would you say the info here is right?

https://bitcoin.stackexchange.com/questions/1836/how-can-i-generate-a-large-number-of-bitcoin-addresses

Ok, thats definitely good news, that the TX go through for sure! 24h is totally fine!

So let us assume I want to create 1000 wallet adresses and send 10K satoshi to them. How would you do this?

Just asking for a rough sketch with the most important info and not the whole process :-)