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Topic: DigiPiglets - BTC Piggy Bank - Kickstarter Campaign live - page 2. (Read 1075 times)

legendary
Activity: 1792
Merit: 1283
Any new updates regarding the shipping of this?
I'm going to move to a new address soon, so the address I've entered before will not be in use anymore.

Hey eternalgloom, I sent you a PM! Stay tuned
Whats the updates of these piggies?  Grin

They will get finished eventually Wink
OP's pretty busy with some personal stuff, but I have no doubt that he'll get them ready whenever he has time again Smiley
hero member
Activity: 3010
Merit: 794
Any new updates regarding the shipping of this?
I'm going to move to a new address soon, so the address I've entered before will not be in use anymore.

Hey eternalgloom, I sent you a PM! Stay tuned
Whats the updates of these piggies?  Grin
member
Activity: 66
Merit: 42
Any new updates regarding the shipping of this?
I'm going to move to a new address soon, so the address I've entered before will not be in use anymore.

Hey eternalgloom, I sent you a PM! Stay tuned
legendary
Activity: 1792
Merit: 1283
Any new updates regarding the shipping of this?
I'm going to move to a new address soon, so the address I've entered before will not be in use anymore.
hero member
Activity: 3010
Merit: 794
Making sure that the method is safe might take a little bit more time than initially anticipated, but if we cannot be sure that the labels can be printed without the risk of duplicates, it won't work.

Just make it sure that it would able to work.It is good that you are taking serious steps enhancing the security which this should be the primary concern.Hope it would succeed.
legendary
Activity: 1792
Merit: 1283
No problem, it's good to hear that you're still working on it.
These updates are pretty interesting to read, then we at least know what needs to be solved first Smiley

Yeah, good that you're not taking any shortcuts regarding security.
member
Activity: 66
Merit: 42
Hey guys! Sorry for being inactive these past weeks. I'll try to update more regularly!

We've made some minor improvements to the design and we are working on the packaging. I believe the packaging is just as important as the product in order to create a good collectible item. Once we've got it all ready I'll update the thread with pictures.

The other part is the printing of the labels. I've talked to a programmer, who is able to write a program that generates keys, sends them to a printer and deletes its memory immediately after. Companies that print PINs for banks, or gambling scratch cards need to adhere to certain security standards (APACS Standards, at least in Europe). Once I can verify that the process is indeed safe and works for our intended purpose, we will proceed with ordering a large batch of labels. Making sure that the method is safe might take a little bit more time than initially anticipated, but if we cannot be sure that the labels can be printed without the risk of duplicates, it won't work.
legendary
Activity: 1792
Merit: 1283
Are there any updates regarding when you think the first units will be shipped out?
I'd love to start work on my review, so looking forward to receiving my review unit Wink
They arent showing activity almost 1 month checking out their twitter and their blog it do shows no updates of its product release.

I would love to order as well and i do sent out some questions or clarifications on their Email: [email protected] and also

OP isnt active for almost 2 weeks but lets see if he do respond regarding on this matter.

I think they're just making preparations to get the production sorted.
OP sent me a pm for a free review unit and I've already made an order on their website free of charge.
They should atleast making some announcement that they are still on sorting phase so that potential buyers would really still have that kind of interest with these Piggy Banks.

I'll wait for your own free review about these piggies.Good thing that they consider you on giving out for free.

I actually just asked for one Tongue They've sent me a pm with a promo code that eliminated all the costs from my order, so I've actually already ordered it.
Though, I'm actually moving in a couple of months, so might have to change my address.

Hope it doesn't take that long though Wink
hero member
Activity: 3010
Merit: 794
Are there any updates regarding when you think the first units will be shipped out?
I'd love to start work on my review, so looking forward to receiving my review unit Wink
They arent showing activity almost 1 month checking out their twitter and their blog it do shows no updates of its product release.

I would love to order as well and i do sent out some questions or clarifications on their Email: [email protected] and also

OP isnt active for almost 2 weeks but lets see if he do respond regarding on this matter.

I think they're just making preparations to get the production sorted.
OP sent me a pm for a free review unit and I've already made an order on their website free of charge.
They should atleast making some announcement that they are still on sorting phase so that potential buyers would really still have that kind of interest with these Piggy Banks.

I'll wait for your own free review about these piggies.Good thing that they consider you on giving out for free.
legendary
Activity: 1792
Merit: 1283
Are there any updates regarding when you think the first units will be shipped out?
I'd love to start work on my review, so looking forward to receiving my review unit Wink
They arent showing activity almost 1 month checking out their twitter and their blog it do shows no updates of its product release.

I would love to order as well and i do sent out some questions or clarifications on their Email: [email protected] and also

OP isnt active for almost 2 weeks but lets see if he do respond regarding on this matter.

I think they're just making preparations to get the production sorted.
OP sent me a pm for a free review unit and I've already made an order on their website free of charge.
hero member
Activity: 3010
Merit: 794
Are there any updates regarding when you think the first units will be shipped out?
I'd love to start work on my review, so looking forward to receiving my review unit Wink
They arent showing activity almost 1 month checking out their twitter and their blog it do shows no updates of its product release.

I would love to order as well and i do sent out some questions or clarifications on their Email: [email protected] and also

OP isnt active for almost 2 weeks but lets see if he do respond regarding on this matter.
legendary
Activity: 1792
Merit: 1283
Are there any updates regarding when you think the first units will be shipped out?
I'd love to start work on my review, so looking forward to receiving my review unit Wink
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
I do not get the security label? Do you still give a Bitcoin address & Private key with the "nocrypto" version, without attaching it to the device or is the security label not part of the Bitcoin address and Private key combo?

I should say having a code attached, will just give the thief a motive to steal the pig, because he/she would think that it has some coins deposited onto that Bitcoin address. The information should be hidden in a way for the average thief to think that it is just a toy and not something with value.  Wink

We're looking into if we can offer two separate versions, so you can chose from a generic label, and one with a public key and concealed private key. Having the private key "inserted" into the pig was the original idea, but I didn't want people to have to cut it open. I'll also consider offering two piglet versions, where one has the public key displayed, and one where it's concealed.

I think it would be better if you just displayed the QR code for the Public key and not the actual Bitcoin address. Most criminals are familiar with QR codes on products, so they will not even know that it actually represents a Public key.  Cool

You can ship the Public key & instruction leaflet without the Private key and then send the Private key in an encrypted form to the user of that Piggy bank from your website, once they have read the leaflet and followed the instructions.  Huh
member
Activity: 66
Merit: 42
I do not get the security label? Do you still give a Bitcoin address & Private key with the "nocrypto" version, without attaching it to the device or is the security label not part of the Bitcoin address and Private key combo?

I should say having a code attached, will just give the thief a motive to steal the pig, because he/she would think that it has some coins deposited onto that Bitcoin address. The information should be hidden in a way for the average thief to think that it is just a toy and not something with value.  Wink

We're looking into if we can offer two separate versions, so you can chose from a generic label, and one with a public key and concealed private key. Having the private key "inserted" into the pig was the original idea, but I didn't want people to have to cut it open. I'll also consider offering two piglet versions, where one has the public key displayed, and one where it's concealed.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Have you considered selling these as DIY? I'd feel much more comfortable printing my own private keys and attaching them with a tamper proof hologram. Nothing personal but I don't know you and there is no way you can guarantee that you aren't storing the private keys somewhere.

That totally works and makes it even easier for us. If you order the "nocrypto" version, we'll just put the security label next to the Digipiglet, and let you attach it yourself. Since we have to order the labels on bulk, we can't print "your" public key, so the key on the front will not match. But if a burglar not familiar with Bitcoin finds the code underneath the piglet and checks the front part, he'll just find an address with 0 funds, so our code becomes a decoy. Or we leave the code?

I strongly believe though, that the average user want's everything already setup and ready to use, which means we'll have to make sure that the security aspect is flawless.


I do not get the security label? Do you still give a Bitcoin address & Private key with the "nocrypto" version, without attaching it to the device or is the security label not part of the Bitcoin address and Private key combo?

I should say having a code attached, will just give the thief a motive to steal the pig, because he/she would think that it has some coins deposited onto that Bitcoin address. The information should be hidden in a way for the average thief to think that it is just a toy and not something with value.   Wink
member
Activity: 66
Merit: 42
Have you considered selling these as DIY? I'd feel much more comfortable printing my own private keys and attaching them with a tamper proof hologram. Nothing personal but I don't know you and there is no way you can guarantee that you aren't storing the private keys somewhere.

That totally works and makes it even easier for us. If you order the "nocrypto" version, we'll just put the security label next to the Digipiglet, and let you attach it yourself. Since we have to order the labels on bulk, we can't print "your" public key, so the key on the front will not match. But if a burglar not familiar with Bitcoin finds the code underneath the piglet and checks the front part, he'll just find an address with 0 funds, so our code becomes a decoy. Or we leave the code?

I strongly believe though, that the average user want's everything already setup and ready to use, which means we'll have to make sure that the security aspect is flawless.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
Have you considered selling these as DIY? I'd feel much more comfortable printing my own private keys and attaching them with a tamper proof hologram. Nothing personal but I don't know you and there is no way you can guarantee that you aren't storing the private keys somewhere.
member
Activity: 66
Merit: 42
thanks for the thoughtful explanation. concerning 2) what I meant was: If I place an order today, 10€ is approximately 0.0022BTC with today's market price. When I will receive the product, the loaded value will be 0.0022BTC? (i.e. it will be calculated based on the market price at the time of placing the order? it doesn't matter if the price of BTC increases or decreases since then. 0.0022BTC now will still be 0.0022BTC in the future LOL)

This might be a logistics issue for you, since every piggy will be loaded with a different amount of BTC based on the date the order was placed. Hence, will you consider this approach, or the other approach? (i.e. you will load all the piggy with the exact same amount of BTC, that reflects that 10€ at a specific predetermined date in the future when the product will be ready.. let's say at 1/8/2019)

BTW, I  already placed an order! looking forward to receive it  Grin

Thanks for the order, much appreciated Grin

If 0.0022BTC become 5€ by the time we are ready to ship to you, we'll add 5€, so that you receive the promised 10€. If 0.0022BTC become 20€ by the time we're ready to ship, you'll receive just that.

That's only for our pre-order stage though. Once everything is fully setup, the customers buy the piglet, our system buys 10€ worth of Bitcoin, we load that amount to the address and ship immediately.
sr. member
Activity: 2085
Merit: 406
Cryptoshi Blockomoto
1) Where are you located? (i.e. from which country do you dispatch your products) I couldn't find that info on your site. Since there might occur import taxes (depending on your location & the dispatching locations)  I believe that this info should be mentioned somewhere
2) "each DigiPiglet will contain approximately €10 worth of Bitcoin as a starting credit." Are you going to use the bitcoin market value at the time of placing the order (for calculating those €10 into BTC), or at some time later on when you will be ready for dispatching (this info should be crystal clearl & available on your site FAQ)
3) Your idea is not 100% original. There are other companies with similar piggy bank products. What are the strengths of your product compared to what is currently available on the market?

Concerning the private key security issue: one of your competitor does the following: Displays the public address QR code directly to the plastic piggy on open view. Everyone can send BTC to that addy (hence it acts like a piggybank). When you would like to withdraw (i.e. break the piggybank in the traditional way, and collect the funds): the piggy comes with an opendime attached (and the public QR code addy derives from that opendime private key). Hence you break the opendime (instead of the piggy) and the private key is revealed. No private key trust issues here. Also (for more privacy) gives options for the customers to print the QR code itself and place it to the piggy (either from the included opendime or from any other opendime)
I do not want to mention the name of that company here (it would be unethical to do so on your topic, due to competition). I would gladly let you know through PM, however (for research purposes LOL).  Grin

1) We will be selling from Austria. You can buy Bitcoin in corner stores there. Legal pages for the website are in the works.
2) We'll set up a system, where the Bitcoin are purchased automatically with each sale. For now however, while we're in early stage, we'll buy Bitcoin manually to have it ready once the labels arrive. If the price happens to drop by the time we're ready to ship, we'll just make another market buy and hold the more expensive coins. I think it's quite possible that prices drop to 3k again. We'll make sure that this does not tarnish the user experience. Once the price starts becoming really volatile again though, we won't be able to guarantee that the 10€ will not turn into 5€ or 15€ while the piglets are being shipped over night. That's your typical crypto risk Grin
3) I think I know which project you are referring to, they have a different execution, different features, different advantages and disadvantages. Our design is unique, which makes it stand out more. The underlying "technology" we're using is very simple and requires no setup, no prior knowledge, no computer, literally nothing. Many other projects I've seen are geared towards people that know what they're doing and dealing with. Our goal is to win over those who doubt us, distrust us and don't see the value in it, and therefore don't want to learn anything about it. It's designed to be as simple as possible, requiring literally no steps if you just want to hold on and see where it goes. At the same time it's somewhat familiar, because we are and look like a piggy bank. By adding different models/animals, we increase the novelty character and it becomes a collectible.

thanks for the thoughtful explanation. concerning 2) what I meant was: If I place an order today, 10€ is approximately 0.0022BTC with today's market price. When I will receive the product, the loaded value will be 0.0022BTC? (i.e. it will be calculated based on the market price at the time of placing the order? it doesn't matter if the price of BTC increases or decreases since then. 0.0022BTC now will still be 0.0022BTC in the future LOL)

This might be a logistics issue for you, since every piggy will be loaded with a different amount of BTC based on the date the order was placed. Hence, will you consider this approach, or the other approach? (i.e. you will load all the piggy with the exact same amount of BTC, that reflects that 10€ at a specific predetermined date in the future when the product will be ready.. let's say at 1/8/2019)

BTW, I  already placed an order! looking forward to receive it  Grin
member
Activity: 66
Merit: 42
1) Where are you located? (i.e. from which country do you dispatch your products) I couldn't find that info on your site. Since there might occur import taxes (depending on your location & the dispatching locations)  I believe that this info should be mentioned somewhere
2) "each DigiPiglet will contain approximately €10 worth of Bitcoin as a starting credit." Are you going to use the bitcoin market value at the time of placing the order (for calculating those €10 into BTC), or at some time later on when you will be ready for dispatching (this info should be crystal clearl & available on your site FAQ)
3) Your idea is not 100% original. There are other companies with similar piggy bank products. What are the strengths of your product compared to what is currently available on the market?

Concerning the private key security issue: one of your competitor does the following: Displays the public address QR code directly to the plastic piggy on open view. Everyone can send BTC to that addy (hence it acts like a piggybank). When you would like to withdraw (i.e. break the piggybank in the traditional way, and collect the funds): the piggy comes with an opendime attached (and the public QR code addy derives from that opendime private key). Hence you break the opendime (instead of the piggy) and the private key is revealed. No private key trust issues here. Also (for more privacy) gives options for the customers to print the QR code itself and place it to the piggy (either from the included opendime or from any other opendime)
I do not want to mention the name of that company here (it would be unethical to do so on your topic, due to competition). I would gladly let you know through PM, however (for research purposes LOL).  Grin

1) We will be selling from Austria. You can buy Bitcoin in corner stores there. Legal pages for the website are in the works.
2) We'll set up a system, where the Bitcoin are purchased automatically with each sale. For now however, while we're in early stage, we'll buy Bitcoin manually to have it ready once the labels arrive. If the price happens to drop by the time we're ready to ship, we'll just make another market buy and hold the more expensive coins. I think it's quite possible that prices drop to 3k again. We'll make sure that this does not tarnish the user experience. Once the price starts becoming really volatile again though, we won't be able to guarantee that the 10€ will not turn into 5€ or 15€ while the piglets are being shipped over night. That's your typical crypto risk Grin
3) I think I know which project you are referring to, they have a different execution, different features, different advantages and disadvantages. Our design is unique, which makes it stand out more. The underlying "technology" we're using is very simple and requires no setup, no prior knowledge, no computer, literally nothing. Many other projects I've seen are geared towards people that know what they're doing and dealing with. Our goal is to win over those who doubt us, distrust us and don't see the value in it, and therefore don't want to learn anything about it. It's designed to be as simple as possible, requiring literally no steps if you just want to hold on and see where it goes. At the same time it's somewhat familiar, because we are and look like a piggy bank. By adding different models/animals, we increase the novelty character and it becomes a collectible.
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