Topic: DigiPiglets.com - Bitcoin piggy bank - Gift idea for beginners and enthusiasts! - page 3. (Read 1396 times)

Totally forgot about this method, thanks for pointing it out.


Would you consider the BIP38 encryption a proper measure in securing the keys?

I'd love to find the most secure method, while keeping it as simple as possible. I definitely appreciate your concerns!

We'll also use the opportunity and include a booklet or flyer with security instructions and information. People should be made aware of how much risk is associated with each method, so that they can allocate their funds accordingly.


I get your concerns, but does that mean you don't trust Casascius, Denarium etc. either?

What about BIP38 ?

And just in case someone missed it: we do sell them unfunded as well

Check out BIP38

Viz

Though you are correct in theory, in practice you are exposing your company's name/reputation to unnecessary risk as opposed to internally generating these keys. It sure would be frustrating to have a theft happen due to a security flaw at the printing company - a variable that could have been well within your control.

Please dont take this as a flame, I'd like to see this product succeed and am offering a critique based on a flawed methodology that supposedly brought theft onto a now defunct coinmaker (Alitin).

I am sorry.  This is a cool little idea and great to give your little ones but I cant support this.  You are pushing accountability to someone else if something goes wrong.  While 10 doesn't seem like a large amount, what if you sold a 1,000 of these and a new hire at this company has copies of the keys.  Access now to $10,000.  I'm offering advise,dont outsource your private key printing.  Good luck with your project, it stands a good idea, just not the execution side.

Our labels will look something like the labels on Denarium coins:

Front: https://denarium.com/wp-content/uploads/2018/06/Wallet_red2-1.jpg

Inside: https://denarium.com/wp-content/uploads/2018/06/denarium_build.jpg

The front label displays the amount, the private key is concealed till you peal the sticker off.

We could create simple labels that only display the public key without the inside, but if you wanted to be anonymous, you wouldn't want me to have the public key either. That information can still be used to your disadvantage. Moreover, if you make people provide their public keys, you'll lose everybody who doesn't know how to do that, which is who we are trying to convince to try out this new type of piggy bank + money system.

I guess the best way is to just order the DigiPiglet without any crypto, throw away the label and create your own if you want to be entirely secure. I guarantee you though, average Joe doesn't care about security, he wants easy! Grandma does not understand what private keys are, and John Doe does not have the time to "deal with all that computer stuff". This project is designed to make it easy as can be, so that all those people would buy DigiPiglets for their loved ones or themselves. Also don't forget, that Casascius coins have been sold that way for years, Denarium coins are still being sold. It works!


Even if I made these labels myself, I would end up seeing your private keys. This applies to any project, I chose this method deliberately because there have been less reports about stolen physical Bitcoin, or compromised keys, than hacked exchanges, security issues with hardware wallets and all those things. If you want the masses to adopt Bitcoin, you have to create a method that they can use. Once users have to "generate" anything, it becomes a niche thing. Don't forget, this is supposed to be a piggy bank containing 10€, not your main wealth account.

Though you are correct in theory, in practice you are exposing your company's name/reputation to unnecessary risk as opposed to internally generating these keys. It sure would be frustrating to have a theft happen due to a security flaw at the printing company - a variable that could have been well within your control.

Please dont take this as a flame, I'd like to see this product succeed and am offering a critique based on a flawed methodology that supposedly brought theft onto a now defunct coinmaker (Alitin).

Even if I made these labels myself, I would end up seeing your private keys. This applies to any project, I chose this method deliberately because there have been less reports about stolen physical Bitcoin, or compromised keys, than hacked exchanges, security issues with hardware wallets and all those things. If you want the masses to adopt Bitcoin, you have to create a method that they can use. Once users have to "generate" anything, it becomes a niche thing. Don't forget, this is supposed to be a piggy bank containing 10€, not your main wealth account.

 I am assuming when you say security labels it is the hologram you are referring to. Correct?

  Some food for though for you......

  As for the private and public key issue, which is a big deal for all of us....Why not have the purchaser submit their public key?

   This way you are never held liable for any crypto funded into the key under the hologram.


In other words, they create their own public and private key and just submit the public key to you?

 Or they can send you their hardware(trezor) or software (Mycelium) wallet public key if they do not want to bother in making a private and public key.

You said that you send the PRIVATE keys to a printing company.  I'm sorry but if that's the case your OPSEC needs to be revisited.  If I misunderstood than all good.

If you don't trust us you can always order without crypto, throw away the label and create your own. The company is not just "a printing company". They're an experienced manufacturer of security labels for various purposes, with decades of experience. Both the company and my team have a perpetuating interest in making this work. Either way, you can't produce a product like this without putting some trust in someone, no way around there.


Thank you! Will look into it, if we can make it happen, we will. It got me thinking about some special features as well. Maybe we'll ship out a few piglets with some special features or anomalies

THANKS FOR THE SUPPORT GUYS, ONLY A FEW LUCKY10 COUPONS LEFT. EARLYBIRD FOR 20%!

Let me know what other ideas you guys might have. We'll try to make this to be something special.

If you don't trust us you can always order without crypto, throw away the label and create your own. The company is not just "a printing company". They're an experienced manufacturer of security labels for various purposes, with decades of experience. Both the company and my team have a perpetuating interest in making this work. Either way, you can't produce a product like this without putting some trust in someone, no way around there.

Am I reading this right you are providing the private keys to a printing company?  Please tell me that is not the case.  

Glad you found more traction in the collectibles section, OP! I knew you would, and great to see krogoth will add you to his impressively growing list of Bitcoin-related collectibles. I still haven't really even gone through the entire list meself but I've already become a sort of mini hoarder when it comes to collectibles, and need to wait til I get a permanent house before resuming the habit heh.

Good luck, as I said, add the engrave option and I'm definitely going to get 1 for a kid. Piggy banks are good mmkay?

Hell yeah! Thanks for the support

You can use "earlybird" for a 20% discount on all items.


That's correct.


We will create the public and private keys, the company will print the labels and send them to us. The company has an interest in maintaining it's reputation, so you can be sure that your private keys won't be copied by them. They've been selling those labels for quite a few years now.

We do sell unloaded Piglets as well, especially for our US customers. Just use "nocrypto" at checkout if you order one of the animals, or "nocryptobundle" if you're ordering the bundle.

Glad to hear that!

Please post your items in this thread of crypto collectables. You will be added on the link page as well. Goodluck

https://bitcointalksearch.org/topic/reference-unique-rare-and-all-crypto-collectable-posting-thread-with-links-5107629

No Cow?

We do sell unloaded Piglets as well, especially for our US customers. Just use "nocrypto" at checkout if you order one of the animals, or "nocryptobundle" if you're ordering the bundle.

Thanks for the code, I've ordered one for the hell of it.

Wish there was a discount on the all 3 package would have bought that.

It's a novelty really, not anything amazing, it's a QR code stuck onto a plastic animal but none the less it's a fun way to get kids saving in BTC.

Once it's arrived I'll leave feedback on here accordingly, I'd be grateful if you could do the same!

I presume he meant the same holo making company Casascius used in the past.

May I ask how and who is in charge of creating the public and private keys?

Edit: Do you sell any unloaded?

What do you mean the same company that casascius is using