I believe the only way to increase security /
reduce required trust would be if there was a 'ceremony' (similar to
zcash) where the keys are generated, embedded into the physical object and destroyed, right there on the spot.
.....Is to generate your own keys
Stop trusting other people's keys.... no matter how "securely" they were generated
NOT YOUR KEYS, NOT YOUR COINS
"then they would also need to be posted to the post office"........ why would you mail private keys? this seems a bit insane.....
Because people like collectibles.
Never said 'absolute' security buy just some ways to
reduce trust. It is not eliminated.
You even bolded that phrase.
This is the in-your-face solution. When I posted this the topic died.
It's not about "My" service it's about the process.
There's no exploiting this.
Anything outside of this is just prolonging the inevitable.
Here's how it works to the uninitiated.
https://github.com/JeanLucPons/VanitySearch#generate-a-vanity-address-for-a-third-party-using-split-keycreator could have all data provided by the customer.
pubkeycreator then generates wallet, now they have wallet address and the half the 1/2 privkey under holo.
but that one key half that the client keeps is your chain of logistics. A COA if you will.
If you want to auth, you have to destroy it the coin's holo.
There would be no point in keeping a key as it would be a stalemate like multi-sig escrow situations.
The "paper" key half and the intact coin with the wallet visible and the other half the key under the holo from OEM.
The only way bad acting can occur is if OEM/issuer got coin in hands again with a COA original purchaser issued and resold it.
(They have seen the "COA" now and have the other half of the key or possibility of having them stashed away)
Then an intercept scenario could occur so a situation such as this should just be treated as a zero day of the right off the rip,
just like it should be now and isnt. So with that being said, this creates a new layer of security at least from OEM issuer fraud in bulk scenarios.
This isn't a new or foreign concept at all, it's called the "Idea Attribution Effect" or "Sender-Receiver Effect". 40mm x 3mm 30g Bitcoin Coin (loadable and customizable coin)Truth is @Willi9974 is the only one that's done anything like it.
When I saw Willi doing this, I immediately reached out to him to offer our services as we were already doing them since 2019.
With this process a maker could compromise 1 coin at a time, not the entire batch. this would be a rare situation as well.
