Topic: DigiPiglets - BTC Piggy Bank - Kickstarter Campaign live - page 3. (Read 1014 times)

Just wanted to mention that I'll be doing a full review of this when it arrives.
I'll be publishing it on my Steemit blog, but I'll make sure to also write about my experiences here on Bitcointalk.

The first thing I have to say is that the ordering process went extremely well.
So many different payment methods (Bitcoin, Paypal, CC, bank deposit, etc.) & his website automatically fills in your address after you've typed a couple of letters.

Looking forward to seeing the BTC piggy bank arrive

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).  

Thanks so much for the feedback and the ideas guys! Highly appreciated !

I've started another thread in Marketplace/Collectibles, probably fits better here (thanks buwaytress). Leave us a comment if you like:

https://bitcointalk.org/index.php?topic=5130404.new#new

Meanwhile, Facebook has a problem with our little piglets:

https://ibb.co/SBNTwMq

The lizard people apparently see Bitcoin as their adversary

Nice work OP. Maybe this thread gets better traction in Marketplace? I don't get reddit sometimes too. I've seen innocent posts who're really just trying to share some Bitcoin joy get downvoted to obscurity. And then mindless pics of Bitcoin ATMs or Lambos get the thousands. But hey, who's still trying to figure out how social media works right?

1. Add an option to customise a little. Some small engraved message or something. Added incentive, and all that.


If you're looking for crypto celebrities, I thought this "Villains of Bitcoin" playing/trading cards was a brilliant idea. Maybe all you artists should get together and cross-create from each other's ideas. That could be a shitty idea, I wouldn't know. Not exactly an art expert, as I keep getting told;)

That's really neat! I know my followers would be very interested in reading about this cool product

Ivan on Tech on Youtube would be a good choice as well.

Thanks for positivity I am definitely sending you a free DigiPiglet once we got the hologram design ready! I'll send you a PM!

I've been thinking about sending a few DigiPiglets to celebrities, important figures of crypto and opponents as well. Who should receive one?

Here you go:



Can't believe your post was downvoted so much on the Bitcoin subreddit.
I get that it's basically a commercial post, but it's still pretty cool to share I think.

Btw, if you're interested, I'd be willing to write a review of your product on my Steemit blog, which has around 850 followers.
No charge for the article itself, though it would be nice if you could send a piggy bank for free in exchange, so I can review it & add some original photographs.

You can see a review of my services here on CoinScribble

Our first Samples arrived They are designed to be a little squishy, so it can get quite addicting to play around with it

Check out my Reddit thread for pictures and leave us a comment:

https://www.reddit.com/r/Bitcoin/comments/bb235e/bitcoin_now_has_its_very_own_piggy_bank/

Hope someone can display the image from Reddit.

Our first 10 pre-orders will only pay for shipping and the BTC included (use "lucky10" at checkout).

What do you guys think?

I don't think there were that many made of the 1000 BTC coins, so it's not like that many people have them.
Still, there are a fair bit of the 1 BTC and higher ones in circulation, a lot of them haven't been cashed in yet either.

I cant even believe that Casascius do able to get that level of trust for some people with their coins but as expected that most of them do have thousands of BTC which
those coins wont really be that much for them to stored up or entrust with such service.
Its really more ideal or much preferable to have my own paper wallet than to entrust my millions rather than on other service but with this one, we arent being forced on using em
up though.

Well, people do trust Casascius with their coins, they even have a 1000 BTC coin, which is actually worth a couple of million USD.
I mean, I get that you think it's safer to just make your own paper wallet, but I really doubt that you could achieve perfect security, there's no such thing...

That said, I guess it's always safer to do everything yourself instead of trusting an external company.
However, I'd have no issue using this to store a couple of Bitcoins.

I am not sold on the idea that I would trust this piggy bank with millions of my own dollars. A piggy bank is basically a child's toy to save a few dollars and not a bank account or a serious investment tool to store millions of dollars. This is why I also never store large amounts of money on exchanges and also in online wallets.

I have a sound knowledge on creating my own secure paper wallets, so I am 100% sure that my private keys for my paper wallets are not compromised by someone else, so I will drop millions of dollars worth of bitcoins in them, but not on paper wallets that are created by someone else. 

We'll send the packages directly to the customer. As long as the sticker on the DigiPiglet is intact you can be confident your private key is safe. We are considering using security packaging, or a seal on the box. However, you can never achieve 100% security. If someone with the skills puts his mind into hacking you, he'll break through any amount of seals we put on the product. For the majority however, the sticker itself should do the trick. It will also motivate you to hodl, because once the seal is broken, you would throw it away. We'll instruct the users to only use the private key once for safety reasons.

As for your last point: highly agreed We'll do our best to make this method as safe as possible

Is the delivery "box"/envelope at least partially tamper proof, so we can see the piggy bank comes directly from you?

Not talking about labels here but actual physical protection of the label container (the piggy bank).

I understand this isn't made to store millions, but there's no way to know the 0.01s stored there aren't going to be worth those millions one day

That's true, we plan to add security instructions and use the opportunity to teach people how to use the private keys properly, and what other methods might be better for storing larger quantities of coins. We could include a little booklet, flyer or card with information. What do you guys think should be included in the manual?



Definitely an option, have to check the legal aspect of that.


Also an interesting idea. How safe are those tags (apart from physical theft)? Do you have any experience?




That's true, physical theft is not ruled out. We are not trying to be the perfect solution to storing Bitcoin. We are trying to be the "entry point" method, easy to use, with no setup required. It's also something that crypto enthusiasts can give as a gift to others, without spending hundreds of dollars.

Thank all of you for the feedback and support!

So if I understand the concept correctly, the private keys will be stored inside the Piggy right? What if someone robs the piggy or you lose it due to any circumstances? Do you lose access to your coins as well? That is if the private key is not backed up anywhere?

Cool to see a piggy bank concept again.  Feels like the 2.0 from the foldable piggy banks.
May it be possible, maybe a nfc tag as the wallet inside to make verifying/using easy.

Interesting idea for sure.
It does seem like you could setup a program that sends your customers the 10 bucks in bitcoin after they generate a paper wallet themselves to keep in the piggy

Then they can come check their paperwallets:
web: http://www.1337ipjbp7u9mi9cdlngl3g5napum7twzm.com/
android: https://play.google.com/store/apps/details?id=host.expo.rnpaperwalletchecker

Great way to get some more into crypto though.

(sorry couldn't help the plug )

A paper wallet are not limited to taking only small quantities of coins, but I understand that this application would be more targeted at the kids out there and to serve as the modern day piggy bank of the early days.

At least your implementation with the paper wallet might be more secure than your competition, https://www.coindesk.com/kickstarter-launched-for-piggy-bank-that-lets-kids-save-in-bitcoin