Been into shit coins and NFTs for my entire stay in crypto space. So kind of used to scams, rugs and dead projects. Some of the fantastic things about crypto is also the things that people can use against you.
Many here probably only into Bitcoin so maybe first time they are feeling this.
After few times you just find a system so you can handle it.
Spread the risk
Know it can happen
Learn to don't care because it drain your energy
Just enjoy the very good projects that are run by good people
We should never stop making new projects
Topic: [RANT] Can we stop with the coins / wallets / collectables with private keys - page 2. (Read 567 times)
January 13, 2023, 11:17:14 PM
January 13, 2023, 11:11:23 PM
that said, I do like the opendime use except my fear with those is they get broke or fried - then you're fucked.
Same here, but if they are like Mx12.levins artwork - Worst case - If your house burns down, you lose the art and the funds. What to do? put the opendime in a Safe deposit box? - Seems pointless, this is what homeowners/renters insurance is for IMO, so I hope you all have thought about and have adequate insurance for where you store your collectibles.
January 13, 2023, 10:41:47 PM
another simply solution - as a creator, dont fucking save keys - ever.
I doubt this will eliminate private keys on collectibles - that is part of the allure to the collectibles - but maybe always at least offer it as a DIY.
The ones that get me are the "funded" and "buyer funded" - in where the buyer directly funds the item in both cases yet only one is called "buyer funded"
I do make keys - and a lot of them for people here and elsewhere - but I always try to teach them or at least tell them they should make their own.
There are steps and processes to insure that as a creator you never expose keys to theft or use. Never save them, never leave them laying around, never keep them...
I think there will just always need to be a DIY option.
that said, I do like the opendime use except my fear with those is they get broke or fried - then you're fucked.
I doubt this will eliminate private keys on collectibles - that is part of the allure to the collectibles - but maybe always at least offer it as a DIY.
The ones that get me are the "funded" and "buyer funded" - in where the buyer directly funds the item in both cases yet only one is called "buyer funded"
I do make keys - and a lot of them for people here and elsewhere - but I always try to teach them or at least tell them they should make their own.
There are steps and processes to insure that as a creator you never expose keys to theft or use. Never save them, never leave them laying around, never keep them...
I think there will just always need to be a DIY option.
that said, I do like the opendime use except my fear with those is they get broke or fried - then you're fucked.
January 13, 2023, 10:32:49 PM
...If you can't see the full address and the private key so you can verify that the private key is actually, for that address, while making sure nobody else has seen / still has the private key then you no longer have BTC.
You have a lottery ticket that may or may not have BTC in it when you finally scratch it off.
Look a handy thread that not enough people read: https://bitcointalksearch.org/topic/info-breached-or-scam-coin-makers-list-3315347
-Dave
You have a lottery ticket that may or may not have BTC in it when you finally scratch it off.
Look a handy thread that not enough people read: https://bitcointalksearch.org/topic/info-breached-or-scam-coin-makers-list-3315347
-Dave
Been saying this on and off for years. And with apologies to the coin / collectable makers that have not fucked everyone it's still a bad situation.
The coldkey was the last straw so to speak.
There are now enough electronic ways of generating private keys through provable secure hardware.
Get a bunch of opendimes https://opendime.com/ or satscard https://satscard.com/faq or one of the other similar devices out there and have them generate the address. Ship them with your custom coin. Make f--king sure people know that there is no private address on the coin.
You can laser laser etch, engrave it, make it pretty, or if you want use a sharpie to write the address on it, who cares. The ONLY way to get to the private key at that point is by using a device that WILL TELL YOU IF THE PRIVATE KEY IS OUT THERE.
It's even better since you can now DISPLAY the coin without fear of loosing the BTC on it. Because you can keep the device with the private key on it elsewhere. Someone steals the coin, it sucks but you still have your BTC.
And lets not forget, even if the maker is trustworthy security holograms can suck too: https://bitcointalksearch.org/topic/just-a-video-about-how-bad-some-security-holograms-are-5401502
End of rant.
-Dave
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