Scratch Cards as Physical Bitcoins? - page 2.

Mageant

legendary

Activity: 1145

Merit: 1001

Quote from: stealthman on January 16, 2014, 01:02:29 PM

I think I can help with printing cards in needed quantity. This would be like prepaid mobile phone card. The design can be under all rights reserved. And nothing to conterfeit here cause they have a unick code. I will help with that!

Thanks, that would be much appreciated.

I was also just thinking that they could basically have the same format as a prepaid mobile phone card.
The area underneath the scratch would need to be big enough to hold a Bitcoin private key though.
Also each card would need to have its public key printed on it (with a QR code if possible).

stealthman

member

Activity: 78

Merit: 10

I think I can help with printing cards in needed quantity. This would be like prepaid mobile phone card. The design can be under all rights reserved. And nothing to conterfeit here cause they have a unick code. I will help with that!

gogodr

sr. member

Activity: 434

Merit: 250

why crowdfunding?
you can go at it with an investment as little as 500$

search for it (protip: alibaba.com )
you can get 10k scratch cards for 100$ or less

this is very straight forward, either you do it with your own capital or you don't. Also I doubt you can get a patent for it , so if you present it to a real investor he might aswell do it on his own, if you put it on crowd funding for so little money, they will just laugh at you.

Mageant

legendary

Activity: 1145

Merit: 1001

Quote from: Franconomasky on January 16, 2014, 08:29:56 AM

Hi, I think this is a good idea, would like to discuss with you more.

Sure. You can PM me if you like.

I would be willing to setup a website.

What I would mainly need first are some nice designs.

I'm thinking of running a crowdfunding campaign after that for the initial print run (also to gauge the level of interest).

After that I would be willing to organize the printing of the cards (unless somebody finds a cheaper way of printing)

Mageant

legendary

Activity: 1145

Merit: 1001

Quote from: gogodr on January 16, 2014, 10:00:03 AM

I think that's fine as long as their value is pretty low, because counterfeit would be pretty common otherwise.

I agree, their value has to be relatively low. Not more than a few mBTC. The long-term idea is that these could also be used in developing countries.

The risk any potential counterfeiter would have though, at least for in-person trading, is that a person checks for the private key on the spot.

gogodr

sr. member

Activity: 434

Merit: 250

I think that's fine as long as their value is pretty low, because counterfeit would be pretty common otherwise.

Franconomasky

member

Activity: 62

Merit: 10

Hi, I think this is a good idea, would like to discuss with you more.

Mageant

legendary

Activity: 1145

Merit: 1001

What do you think of the idea of using scratch cards (about the size of a business card) as cheap physical Bitcoins for in-person trading?

They are relatively cheap to make (about 25 cents each, maybe even cheaper with a large scale) so there would be little overhead.

The private key would be hidden under the scratch surface.

I would imagine using them mostly for small denominations in the 1-20 mBTC range.

If people are interested I would start this project. I would only need some nice graphic designs for the cards.

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