That way I will neither have to trust him, nor his printer.
Lets see if he agrees to it. Will buy only through that approach.
Topic: [POLL][PRE-ANN] Project XEROLA | Modernly designed physical Bitcoins (Read 1170 times)
Since I wanted this coin to be my permanent cold storage, I have pmed Zeroxal with a trust-less approach on engraving the private keys inside the coin.
That way I will neither have to trust him, nor his printer.
Lets see if he agrees to it. Will buy only through that approach.
That way I will neither have to trust him, nor his printer.
Lets see if he agrees to it. Will buy only through that approach.
June 28, 2016, 11:27:32 PM
Fewer people can afford a 1B funded coin, and some people may not want to trust another person with the keys. I do enjoy nice presentation like a nice custom wooden box. I would suggest a lower denomination like .05 or .1, or unfunded.
Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
Where is that rule, I want to read up on it? Which licenses are needed?Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
I agree that 1 btc is too expensive. Small denominations got the most votes on the survey anyways...
I'm not an expert, but from what I understand, FinCen (The US Financial Crimes Enforcement Network) requires anyone selling digital bitcoin value, regardless of where they're based out of, to register for a free Federal license and adhere to a AML (Anti Money Laundering) policy and KYC (Know your Customer). Then, depending on how you are classified as a MSB or money transmitter, you may then have to get licenses from all 50 US states to sell to people in those states. Basically it means that any coin maker regardless of what country they reside in must get a license to sell funded coins to US based customers. Its likely why Satori, TGBEX, Lealana, and others must be careful about not selling pre-funded coins to US customers.
June 28, 2016, 03:09:05 PM
Updated thread with more renderings
June 28, 2016, 02:55:56 PM
That coin looks damn sweet. 0.1BTC suits this perfectly for your first batch. I would certainly purchase one.
And as someone else stated, the less people know about how you print your private keys the better.
Got a rough estimate on price for these yet? ( excluding the BTC to be funded ).
Fewer people can afford a 1B funded coin, and some people may not want to trust another person with the keys. I do enjoy nice presentation like a nice custom wooden box. I would suggest a lower denomination like .05 or .1, or unfunded.
Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
I agree and don't plan on selling 1BTC coins for the first batch.Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
I already heard about that. The laws are complicated and therefore I will not sell any coins to customers in the US directly. But can it go through via a group buy? (Like denarium/BTCC)
Nice Zeroxal! Looking forward to how this project progresses and interested to see what hologram/hologram design you land on.
Thanks digi! The hologram design concept will be ready in about a week or two. Stay tuned! 
June 28, 2016, 02:32:12 PM
The designs in the OP are just concepts. It will be reworked before sending it out to the mint.
Anyways here's a quick 3D model of the coin concept. Please me know what you think
The packaging won't affect the price of the coin that much. It won't cost more than 5-10$ for each coin.
In 3D it looks better already
That coin looks damn sweet. 0.1BTC suits this perfectly for your first batch. I would certainly purchase one.
And as someone else stated, the less people know about how you print your private keys the better.
Got a rough estimate on price for these yet? ( excluding the BTC to be funded ).
June 28, 2016, 02:27:50 PM
Nice Zeroxal! Looking forward to how this project progresses and interested to see what hologram/hologram design you land on.
June 28, 2016, 02:16:47 PM
Fewer people can afford a 1B funded coin, and some people may not want to trust another person with the keys. I do enjoy nice presentation like a nice custom wooden box. I would suggest a lower denomination like .05 or .1, or unfunded.
Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
Where is that rule, I want to read up on it? Which licenses are needed?Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
I agree that 1 btc is too expensive. Small denominations got the most votes on the survey anyways...
June 28, 2016, 01:28:44 PM
The designs in the OP are just concepts. It will be reworked before sending it out to the mint.
Anyways here's a quick 3D model of the coin concept. Please me know what you think
The packaging won't affect the price of the coin that much. It won't cost more than 5-10$ for each coin.
In 3D it looks better already
June 28, 2016, 12:45:12 PM
Fewer people can afford a 1B funded coin, and some people may not want to trust another person with the keys. I do enjoy nice presentation like a nice custom wooden box. I would suggest a lower denomination like .05 or .1, or unfunded.
Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
Also keep in mind about Fincen rules against shipping to US customers with funded coins unless you have the proper licenses.
I prefer 1oz Silver coins. It's the right combination of price and precious metal.
June 28, 2016, 11:14:31 AM
I like the idea and will buy the coin, however I'd expect better designs then the ones shown in the OP.
Funded is ok but 1BTC for a first coin release nowadays is way too high.
If you want these to be popular consider not everyone will have 1 BTC on top of the cost of the coin to afford it.
0.01 funding got my vote.
Also don't mention your setup or how are you going to print your PKs... The less info you share the better, people are watching.
If you get hacked all the PKs could be too.
I also would try to avoid any method of printing PKs on the coin which could reveal it under Xray.
Oh and I rather the coin costs less than having fancy packaging wrapping it.
Packaging has no value, the coin and content has, spend more money on the coin design and mint, in my opinion.
The designs in the OP are just concepts. It will be reworked before sending it out to the mint.Funded is ok but 1BTC for a first coin release nowadays is way too high.
If you want these to be popular consider not everyone will have 1 BTC on top of the cost of the coin to afford it.
0.01 funding got my vote.
Also don't mention your setup or how are you going to print your PKs... The less info you share the better, people are watching.
If you get hacked all the PKs could be too.
I also would try to avoid any method of printing PKs on the coin which could reveal it under Xray.
Oh and I rather the coin costs less than having fancy packaging wrapping it.
Packaging has no value, the coin and content has, spend more money on the coin design and mint, in my opinion.
Anyways here's a quick 3D model of the coin concept. Please me know what you think
The packaging won't affect the price of the coin that much. It won't cost more than 5-10$ for each coin.
June 28, 2016, 11:04:40 AM
I like the idea and will buy the coin, however I'd expect better designs then the ones shown in the OP.
Funded is ok but 1BTC for a first coin release nowadays is way too high.
If you want these to be popular consider not everyone will have 1 BTC on top of the cost of the coin to afford it.
0.01 funding got my vote.
Also don't mention your setup or how are you going to print your PKs... The less info you share the better, people are watching.
If you get hacked all the PKs could be too.
I also would try to avoid any method of printing PKs on the coin which could reveal it under Xray.
Oh and I rather the coin costs less than having fancy packaging wrapping it.
Packaging has no value, the coin and content has, spend more money on the coin design and mint, in my opinion.
Funded is ok but 1BTC for a first coin release nowadays is way too high.
If you want these to be popular consider not everyone will have 1 BTC on top of the cost of the coin to afford it.
0.01 funding got my vote.
Also don't mention your setup or how are you going to print your PKs... The less info you share the better, people are watching.
If you get hacked all the PKs could be too.
I also would try to avoid any method of printing PKs on the coin which could reveal it under Xray.
Oh and I rather the coin costs less than having fancy packaging wrapping it.
Packaging has no value, the coin and content has, spend more money on the coin design and mint, in my opinion.
June 28, 2016, 10:26:53 AM
Buy a cheaper computer, build the price of the computer into your coin price, after your done generating keys, smash the computer into pieces, put it in a bonfire then soak with water....wahla.
I'll probably just use a raspberry Pi and video document the destruction of it after all coins have been shipped 
June 28, 2016, 10:21:30 AM
Buy a cheaper computer, build the price of the computer into your coin price, after your done generating keys, smash the computer into pieces, put it in a bonfire then soak with water....wahla.
June 28, 2016, 10:01:31 AM
Just print with Piper Paper wallet printer......
not connected to anything.....
does not store anything....
clean addresses.......
SIMPLE......
just my 2 satoshi
It uses thermal paper. I don't think it would be the best idea to use thermal printed private keys in a physical bitcoin storage. Any influence by heat will destroy the key. not connected to anything.....
does not store anything....
clean addresses.......
SIMPLE......
just my 2 satoshi
June 28, 2016, 02:02:37 AM
Quote
After printing, the private key files will be destructed and the public key file will be kept in order to fund the coins. That being said, it's up to the buyer to trust me on not keeping any private key info.
You need to consider carefully how to destroy the files. Casascius physically destroyed the harddrives, there might be other safe ways to do it (I am not an expert in this field), but simply deleting the files will not do it. Especially if it is a magnetic drive.
After the printing process, the keys will be checked one last time for the validness and wiped from the disk afterwards. I have specific software ready for that.
The operating system will be newly installed after each batch.
Also keep a printer that is not hooked to any other devices (i.e. one that can only be accessed using physical cables) just in case the printer caches anything. Do not use a printer that has wifi enabled, that would be the death of you.
Eventually all encryptions will be broken. It just is when?
June 28, 2016, 01:04:05 AM
Quote
After printing, the private key files will be destructed and the public key file will be kept in order to fund the coins. That being said, it's up to the buyer to trust me on not keeping any private key info.
You need to consider carefully how to destroy the files. Casascius physically destroyed the harddrives, there might be other safe ways to do it (I am not an expert in this field), but simply deleting the files will not do it. Especially if it is a magnetic drive.
After the printing process, the keys will be checked one last time for the validness and wiped from the disk afterwards. I have specific software ready for that.
The operating system will be newly installed after each batch.
June 27, 2016, 11:56:57 PM
I will buy one as well 
June 27, 2016, 10:51:31 PM
Thanks Zepher and defcon for the kind words!
I don't think letting a mint doing that would be secure enough and I don't have any equipment for it
And you gotta use a laser! Can you burn the private key with a laser in the middle of the coin and then cover with a hologram?
You mean laser engraving the private key into the coin? Not sure if I'm able to do that though :/I don't think letting a mint doing that would be secure enough and I don't have any equipment for it
Don't laser etch or engrave, it can be revealed with a cheap x-ray that some pawn shops use. Since packages are also imaged in transit at various locations, it might be compromised enroute.
I would buy that coin.
June 27, 2016, 10:43:32 PM
Thanks Zepher and defcon for the kind words!
I don't think letting a mint doing that would be secure enough and I don't have any equipment for it
And you gotta use a laser! Can you burn the private key with a laser in the middle of the coin and then cover with a hologram?
You mean laser engraving the private key into the coin? Not sure if I'm able to do that though :/I don't think letting a mint doing that would be secure enough and I don't have any equipment for it
Don't laser etch or engrave, it can be revealed with a cheap x-ray that some pawn shops use. Since packages are also imaged in transit at various locations, it might be compromised enroute.
June 27, 2016, 10:12:58 PM
Perhaps make concept 2 DIY and/or token and concept X funded? Being X, 0.1BTC makes perfect cents [sic]. What's your timeframe (obviously 2017).
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