I don't see the point. If ppl started treating these like cash and accepting them as long as the key wasn't scratched out, the *original distributor would be able to sell the coins at any time.
* The private key was known when the address was created. This places trust into a single entity.
A lot of Bitcoin users are already adopting bad practices, do we seriously need to keep creating more.
I have to agree.. Tho...when the private key is created, It is never seen unencrypted....the codes that are pre-printed are never saved....anywhere!!!
and covered with the scratch off as quickly as possible .... The only thing I worry about at that instant is applying the scratch off straight and center. I use a small dental pick to remove the sticker from the reel and to apply it with out fingerprints or damage...
And I would love to see these certificates passed like cash ..off blockchain...
I don't see the point. If ppl started treating these like cash and accepting them as long as the key wasn't scratched out, the *original distributor would be able to sell the coins at any time.
* The private key was known when the address was created. This places trust into a single entity.
A lot of Bitcoin users are already adopting bad practices, do we seriously need to keep creating more.
I would probably be interested if it is cheap enough. I personally would keep it as a collectors item. As it is different from all the coins produced.
Anyways who would ever use a physical bitcoin for a transaction?
This is another reason for the limited number of prints... No one has attempted a collector paper wallet before...
I would love to buy one of these if the price is right and if you use the public key and BIP38 encrypted private key that I provide.
I have thought about how to produce a blank address certificate...where the user would just print there own key from Bitaddress.org... I would not use the embossing seals.... They are my stamp of approval ... that I created the wallet with trust that I don't even know what the private keys are or the codes to unlock them. None of that will ever be saved... plus ..embossings are flattened out when run through a laser printer... and don't look good afterwards...
I do have an early design that does not have the scratch-off area..... maybe a cheaper version could be sold as a print your own key type...
Getting bitaddress.org to print in the correct location has not been tested on other browsers other then firefox...and many test prints would have to be done on blank paper to get the alignment
Maybe a package could be put together....where you get one secured embossed certificate and 3 print your own certs..
Also if you don't mind the crushing of the embossed seals ... your own addresses could be printed on the back.. up to 6 , placed correctly will fit..
I thought about this process also. where a small amount of satoshis are deposited to the secured address on the front....When its recorded on the blockchain.. you then use that blocks nonce as the codes to encrypt the private keys that you print your self on the back......