Topic: Introducing The Bitcoin Note: Physical Bitcoin that Looks and Feels Like Cash (Read 1057 times)
May 14, 2023, 12:21:34 PM
It is a perfect idea to have a physical bitcoin note, this can unify a strong world central unit of exchange wherever it is acceptable, but come to think of it, the expiration date is quite not acceptable cause once it expires it loses it value!
May 09, 2023, 03:23:02 PM
Good to see you are launching new notes in the market. Well, I’m sure note is as impressive as it sounds while reading the OP. It would have been better if you shared the pics for the same. This is close to having your CC along with you and scanning it for the contactless less point of sale. Only in the bitcoin note we have extra layer of security with multi sig.
It’s what gives bitcoin ultra high security. If you miss one piece of information from the physical coins dig then you are done, no money can be accessed literally.
Great work mate.
It’s what gives bitcoin ultra high security. If you miss one piece of information from the physical coins dig then you are done, no money can be accessed literally.
Great work mate.
April 21, 2023, 04:50:32 PM
Just coming across this, it is a good idea and dream to fulfill. My question is that how possible will it be to convince the government of countries who still have doubt on Cryptocurrency to accept this type currency that throws them off the pitch. If there is any thing to address in the course of this vision should be about the government.
Another point to consider is that, there is still a high level of illiteracy in the developing countries, how do you thing such people will cope with the currency and rekeying of the notes. The process of spending will post a little difficulty as rekeying is so neccessary to ownership. If one have a thousand pieces, it means they have to be rekeyed.
Lastly, does it also mean that, a currency can assume any amount depending on the key and their assigned values
Another point to consider is that, there is still a high level of illiteracy in the developing countries, how do you thing such people will cope with the currency and rekeying of the notes. The process of spending will post a little difficulty as rekeying is so neccessary to ownership. If one have a thousand pieces, it means they have to be rekeyed.
Lastly, does it also mean that, a currency can assume any amount depending on the key and their assigned values
April 21, 2023, 01:41:46 AM
So, do you think by owning and running servers to authenticate the notes.... centralizes Bitcoin again? Is the whole idea not to have Bitcoin running on a decentralized network? I hope I understand the concept of the server in this scenario ...correctly, so feel free to correct me if I am wrong.
Also, will the centralization of the server ....not place a target on your back..for government agencies to shut you down? We all know what happened with previous people who "printed" their own money.
Also, will the centralization of the server ....not place a target on your back..for government agencies to shut you down? We all know what happened with previous people who "printed" their own money.
April 18, 2023, 06:09:55 PM
http://bitcoinnote.com/ redirects to https://offline.cash
They aren't active in the thread. Is this venture operated by the OP or sold on?
They aren't active in the thread. Is this venture operated by the OP or sold on?
We believe that the result of this design achieves the goal of Bitcoin that's incredibly easy to use -- like cash -- but still preserves the important quality of self-custody. Take a look at http://bitcoinnote.com/ to learn more and reserve a spot in line for our release later this summer. Any and all feedback is appreciated and I would be happy to answer any questions.
August 24, 2022, 08:57:16 AM
@ccamrobertson
Do you have a link to the public bitcoin script?
Do you have a link to the public bitcoin script?
July 28, 2022, 12:44:21 PM
How many people did you register on site if you're sending deliveries in August it's high ?
First deliveries are expected late August.
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First deliveries are expected late August.
July 26, 2022, 11:06:18 AM
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Cool, this is not far away.
Only thing that I am little concerned is how this paper notes will be shipped to my home address, in regular envelope or with some protection against folding, and messing up the note shape during transport.
Few times I had some bad experience with my post office deliveries, especially for international delivery or if someone noticed that paper money is being sent, if you know what I mean Wink
Only thing that I am little concerned is how this paper notes will be shipped to my home address, in regular envelope or with some protection against folding, and messing up the note shape during transport.
Few times I had some bad experience with my post office deliveries, especially for international delivery or if someone noticed that paper money is being sent, if you know what I mean Wink
Rigid mailers with "Do Not Bend" stickers
July 20, 2022, 11:05:53 AM
First deliveries are expected late August.
Cool, this is not far away.Only thing that I am little concerned is how this paper notes will be shipped to my home address, in regular envelope or with some protection against folding, and messing up the note shape during transport.
Few times I had some bad experience with my post office deliveries, especially for international delivery or if someone noticed that paper money is being sent, if you know what I mean
July 20, 2022, 10:00:58 AM
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Is there a deadline date where the code we received will no longer work?
We don't have one, but at some point we will move onto other folks waiting on the list and there might be price changes. Let me know if you run into any issues with an expired code.
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In case that website server is not working or permanently down, that means that Bitcoin note can't complete authentication, but can they still be used without that or not?
Oh, and you forgot to say when can we expect first deliveries for ordered bitcoin notes?
Oh, and you forgot to say when can we expect first deliveries for ordered bitcoin notes?
There is a sliding scale. If we are temporarily down, you can "offline" verify and see that the multisig is still loaded (assuming you can get data from the chain). If we are permanently down then you need to wait until the expiration ("claim before") date printed on the note.
First deliveries are expected late August.
July 18, 2022, 07:38:48 AM
Is it true ? I still can't believe it. How cool does this look. Will it be applicable all over the world? Truly we are going to live the life of a metaverse where there will be transparency.
July 17, 2022, 02:09:41 PM
Good question -- in this case the exploiter can only access the notes they have in their physical possession. So they would be able to claim the funds off a note without cutting it, but that's about it. The key material that the server holds never lets you claim funds alone -- you always need the user key which is stored on the note.
Thanks for explaining this, I guess they would need to have physical possession of note together with access to server.In case that website server is not working or permanently down, that means that Bitcoin note can't complete authentication, but can they still be used without that or not?
Oh, and you forgot to say when can we expect first deliveries for ordered bitcoin notes?
July 16, 2022, 06:15:04 PM
Ok - that is what others and I thought as well - just wanted confirmation.
I am also running a group buy in the collectibles area
Is there a deadline date where the code we received will no longer work?
I am also running a group buy in the collectibles area
Is there a deadline date where the code we received will no longer work?
July 16, 2022, 05:36:43 PM
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I could see potential problem with this statement from your website.
What would happen if someone exploits your server and make fake authentication of Bitcoin Note?
What would happen if someone exploits your server and make fake authentication of Bitcoin Note?
Good question -- in this case the exploiter can only access the notes they have in their physical possession. So they would be able to claim the funds off a note without cutting it, but that's about it. The key material that the server holds never lets you claim funds alone -- you always need the user key which is stored on the note.
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Now my question is this, if the notes are sold unloaded and we have to fund them upon receipt, then what is the "+.017 BTC" for?
This is only to reinforce that you need 0.018 BTC + some for mining fees (the 0.017 BTC was a typo we missed before going live) in order to load the note. The payment to us is only $49 or $499 per pack plus S&H and taxes if domestic and in certain states. If you continue through checkout you will see that only the $49 plus these other fees is charged.
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The problem I was thinking of is that the NFC chip can be defective after some time. Since many people would use this kind of bill as cold storage, is there a solution to still get the funds if the NFC chip is defective?
Also if you receive such a bill you can never know if the NFC chip was scanned by the previous owner and he can simply withdraw the money after you receive the bill.
Also if you receive such a bill you can never know if the NFC chip was scanned by the previous owner and he can simply withdraw the money after you receive the bill.
In theory you could scan the note using another app (our open source app won't do this) to capture the user key as a backup. If you receive a note from an untrusted or unknown party and you want to keep it for a while (e.g. not cut and claim or spend like cash), then you should go through a re-key procedure so you are the only holder of the user private key.
July 15, 2022, 03:43:34 AM
I think it is a very good idea that you can load your own personal private key to the note. The problem I was thinking of is that the NFC chip can be defective after some time. Since many people would use this kind of bill as cold storage, is there a solution to still get the funds if the NFC chip is defective?
Also if you receive such a bill you can never know if the NFC chip was scanned by the previous owner and he can simply withdraw the money after you receive the bill.
Also if you receive such a bill you can never know if the NFC chip was scanned by the previous owner and he can simply withdraw the money after you receive the bill.
July 14, 2022, 12:34:08 PM
got my email today and I have a few questions.
The site states clearly the notes are sold unloaded and that we fund them after we receive them and that the price does not include any bitcoin.
The site also says cost is $49 per set for seral number 00101 and higher - $499 per set for serial numbers under 00100.
Now my question is this, if the notes are sold unloaded and we have to fund them upon receipt, then what is the "+.017 BTC" for?
The site states clearly the notes are sold unloaded and that we fund them after we receive them and that the price does not include any bitcoin.
The site also says cost is $49 per set for seral number 00101 and higher - $499 per set for serial numbers under 00100.
Now my question is this, if the notes are sold unloaded and we have to fund them upon receipt, then what is the "+.017 BTC" for?
July 14, 2022, 06:07:20 AM
Any feedback is appreciated, notably if anything is confusing/unclear.
I see that currently we can only reserve a spot for Bitcoin Notes, but when can we expect to see them available for purchasing and delivery?If I remember correctly I reserved my spot back in June when you first created this topic but I didn't receive any notification yet.
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A Bitcoin Note can be authenticated by scanning it via NFC. Our server will authenticate the note using keys embedded in the NFC chip.
I could see potential problem with this statement from your website.What would happen if someone exploits your server and make fake authentication of Bitcoin Note?
July 13, 2022, 01:50:17 PM
We've just updated our homepage with an FAQ and more details on the security model of the Bitcoin Note and I thought it would be worth adding here:
Any feedback is appreciated, notably if anything is confusing/unclear.
- Security: https://offline.cash/pages/bitcoin-note-security-overview
- FAQ: https://offline.cash/pages/faq
Any feedback is appreciated, notably if anything is confusing/unclear.
June 24, 2022, 04:23:51 AM
Okay, but what happens if you lost the note?
The same as any other physical item you lose: it's gone, and someone else may find it.Something like this will certainly draw the attention of governments, because it closely resemble the "printing" of a currency. Now on the other hand, if you designed it more to resemble a "Gift card" .....it will be more acceptable to governments.
It's just barter. I can exchange my TV for your bicycle. Or for a drawing you made, for something you printed, or for some magic internet money Satoshi created. Governments can't stop you, they'll just tax you. June 24, 2022, 02:38:09 AM
Something like this will certainly draw the attention of governments, because it closely resemble the "printing" of a currency. Now on the other hand, if you designed it more to resemble a "Gift card" .....it will be more acceptable to governments.
I know the ultimate goal with true Crypto enthusiast like us, is to use Bitcoin as a "Currency" and not as a "Commodity" .....but I think this is going to create a stir.
The laws and regulations in different countries differ, so I presume the target market for this is countries where Bitcoin are allowed as "Legal tender" ......and in countries where it is not allowed ===> Collectables? (Offline Cash is a bit controversial...right?)
I know the ultimate goal with true Crypto enthusiast like us, is to use Bitcoin as a "Currency" and not as a "Commodity" .....but I think this is going to create a stir.
The laws and regulations in different countries differ, so I presume the target market for this is countries where Bitcoin are allowed as "Legal tender" ......and in countries where it is not allowed ===> Collectables? (Offline Cash is a bit controversial...right?)
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