Topic: Pre-Introducing a new type of physical bitcoin, the Keyois Capsule (Read 1864 times)

subbed for interest

You must be on that team testing the robustness of USB drives, from wiki - https://en.wikipedia.org/wiki/Digital_permanence


"These devices tend to be extraordinarily resilient; in a 2005 destructive test, a USB key survived boiling in a custard pie, being run-over by a truck and fired from a mortar at a brick wall.[citation needed] "


And if you're not one of them, then I think you guys should become friends in the future.

You too!!?

I thought it was only me

Viz

Can't wait to get my hands on one of these, i have lost count of how many private keys of mine have been destroyed when I'm baking a pie or under fire from a potato gun 

Very interesting. Could do that with some actual coins too.
I like the capsule too, good idea.

My understanding is that OP will be engraving both the address and the passphrase protected BIP38 private key.

This is relatively safe, since BIP38 encryption is pretty safe. OP would need to brute force the BIP38 passphrase to steal coins.

This reddit post gives a BIP38 private key for an address with 1 BTC in it. The passphrase is just 6 letters (a-z and A-Z) yet nobody has yet cracked it, after more than a year.

Who's going to be engraving keys? Yourself or a third party?
And will there be any private keys engraved too?

Photo of the engraved titanium rings. the 50 first edition capsules will go on sale in about 2 weeks so if you want one get your BIP38 encrypted key ready!

Looks awesome so far, I'll have my key ready for sure. 

Coming soon, lab created ruby and sapphire center pieces

http://imgur.com/MIRgc3o

http://imgur.com/MIRgc3o

http://imgur.com/G0h1wqc

With laser engraved titanium rings

http://imgur.com/ARZ4eWs


Get your BIP38 encrypted secret key ready!

Looks very neat. Will be watching this for sure.

Will you create some demos in spite of your doubts? I could appreciate some demos where the item faces real challenge and maybe gets damaged too. I think, demos where the Keyois Capsule survives the methods with full health will be great to attract potential customers to it, but the future users who are about to buy your item may want to know what methods mean real challenges to the capsule and when it gets damaged, what kind and how much damage it can take before turning into unusable.


... and as an additional advantage, its small size and weight makes it easier to ship, which will be a very good for your international customer base.

Interesting.  What is a typical use case for a capsule like this?

Well that's great, finally more people doing bip38 keys - Good work!!

Watching as well, thanks!

>Are these going to be numbered?


No, at least not where anyone can see it, though the packages should be. I don't like some of the engravings/words on other physical btcs so I opted away from it.





...
Like already stated, not sure if its a collectible, but I have no problem with the thread being in this section, since the target group would properly,
be more or less the same that is interested in physical coins.

You can make your product extra attractive with some demos on how much punishment the device can take.
...


The only way I can see it being a 'collectable' is like a used casasius coin, or perhaps one of the few that I sell premade, the BIP38 encryption key will be sealed in a fun way too and perhaps the both together could be sold? But I hold out no hope on this.


I had planned to do some demos of trying to destroy it, it has boro-silicate glass that should be more temperature resistant than regular glass but it still might not survive some of the things I have in mind.



...
I have always said that a block of tungsten is the best cold-storage you will ever get, but it is very inconvenient this product could
hit the niche between a regular storage and a tungsten block.
...

I am working the get the engraved center 'rings' made of some other material such as tungsten; it may even be possible to have options but we'll wait and see what works.

It is very similar in theory to a stamped metal block, with the bonus of being tamper evident and small. It doesn't weight a whole lot, I opted for Al instead of SS because I am afraid of rust and like the idea of buried treasure. I was inspired by the kilara coin and the lack of what I wanted (more or less this)


> it looks great

Thanks, I hope to have the finished pieces looking even better and I will get some better pictures. I have lots of ideas, but there is only so much I can do at one time.

In my opinion, it looks great in the attached picture and I consider its design a kind of unique in its market. I definitely am interested in ordering one in the future so I am adding your thread to my list. According to the description, it is pretty safe too but I will look forward to reading some feedback about that before the actual order.

>Utilizing BIP38 makes it perfectly safe for the buyer.
Unfortunately that that would also kill the 2nd market, but that is ok, since people need safe long time storage for their keys, so perhaps these don't need a 2nd market.


Alas I am okay with a diminished second market, it's the only way to get what I want and to give others security. I suppose I can make some unencrypted secret keys but who would buy them?


>The inside rings seems a bit ruff

Part of the reason these aren't ready is because I want more time to make the inside rings look better so hopefully they will be a bit better by launch, though they still won't be as good as I wanted them, I also wanted engraved silver or something but no luck so far, it turns out engraving the outside of a ring requires a tool few have


There are a few variations you can have if you like but for the most part they will be the polished shinny Al ends with either a ruby or sapphire (lab created but chemically identical to ground gems) centerpieces.

Very interesting...

Watching

You got something right going on here
 
This project would have been DOA if you have made the private keys your self.
Utilizing BIP38 makes it perfectly safe for the buyer.
Unfortunately that that would also kill the 2nd market, but that is ok, since people need safe long time storage for their keys, so perhaps these don't need a 2nd market.

I think this product have a lot of development potential, basically for each new version; make it even more nuke-proff.
I have always said that a block of tungsten is the best cold-storage you will ever get, but it is very inconvenient this product could
hit the niche between a regular storage and a tungsten block.

Like already stated, not sure if its a collectible, but I have no problem with the thread being in this section, since the target group would properly,
be more or less the same that is interested in physical coins.

You can make your product extra attractive with some demos on how much punishment the device can take.

Edit:
For those who think TL;DR, this is what is being discussed: