Topic: Wooden Physical Bitcoins. - page 3. (Read 2989 times)

A contract is virtually useless without trust, particularly for small non-monetary matters or for matters outside the scope of normal law / business practice.   It`s more about codifying the way that you`re going to deal with a set of problems, if or when those problems arise, and then how a dispute about it will be settled.  But for little stuff, untraceable stuff, or situations where the burden of proof is so onerous that you can`t practically demonstrate what`s happened after the fact, they aren`t going to help.

The courts cannot realistically make you "un-keep" someone`s data, particularly in this context where the private key is what`s at issue.  For practical purposes, if you abscond with the funds it`s only traceable inasmuch as you can tell what addresses in the blockchain it`s gone to but not necessarily verify who took it.  The victim can know with virtual certainty who it was, but unless a thief is dumb enough to transfer the funds directly into a wallet address which they are known to control and do in fact control at the time of the theft, you can`t even verify conclusively that the particular thief took them.

In this context, a contract is literally not worth the paper (or more likely, electronic storage media) that it`s recorded on.

Nothing wrong with the coins, and I`m not saying anything personally against you.  Just pointing out that in this particular instance, if trust is so inadequate that a contract is necessary, the contract is going to be inadequate to actually protect that trust.

If your goal is not keeping somebody`s data (whatever that data is) then it`s better to avoid ever coming into the possession of other people`s data, wherever doing so is practical and doesn`t impede your business model.

I`m not opposed to dealing with you and I`m not accusing you of dishonesty, I haven`t really seen anything from you that inspires any kind of confidence.  Probably would buy a coin from if it looked cool and was well-made though.  Unfunded, unaddressed, and via escrow.  But that`s just reasonable.

Well those who want we can sign a contract saying I will not keep any of your info.

I know that casacius is reputable because he has been around a *lot* longer than you, has made his personal identity public, and hasn't done scammy shit for 99% of their posts.

Taken from Casascius website:


That`s the answer to that one.  But while you cannot be certain, I would bet on him before betting on you.  That`s just my personal opinion, not a criticism or anything - if you want to make a nice wooden / metal physical coin, that could be cool.  But you need to stick your neck out a lot more seriously than thread posting if you expect people to entrust the security of a cold storage system to you.

With no disrespect, ironcross... I don`t *KNOW* that Casascius can be trusted.  But I will trust them many times before I trust you.

If I got a coin from you, it would be either just a physical novelty coin, or a coin with an NFC in it, into which I could embed a private key of my own choosing.   I`m sure you`re a nice guy, but there`s zero chance I`ll trust you to handle my cold storage.  Similarly, even though *I* know myself to be entirely trustworthy, I wouldn`t expect (or ask) anybody to trust me with the same, for any amount whatsoever.

You. Can't... How do you know the people at the casascius coin factory are trusted?

The problem here is with the security. Each coin/note must carry private key. How can you guarantee that someone didn't sneak peek into the key and sealed it back before passing this coin/note to me?

To my knowledge there is no [cheap] technology able to provide such guarantee. Scratch card for instance is far below necessary level of security. It may work in short chain producer-distributor-buyer, but not in long circle of life necessary for banknotes or coins.

You know that you would walk into him right?

Inb4 old xbox 360 jokes hate

Why do they call him ironcross360? Because when you read any of his threads, you turn 360 degrees and walk away.

Yeah

Yes, Im just trying to find new ideas for bitcoins, And I need to raise some money too

These are what im thinking about.

Silver Bitcoins (Home smelted ) but will be cheap quality but expensive

Wooden,

Plastic

Cardboard (Cheapest of the cheap) Lol

You`re announcing that you will try to find some wood and begin the process of actually carving such a coin in 2 weeks?  Seems a little preliminary and non-committal, but I wish you the best of luck.  I`d love to see pictures. 

As far as pricing, my willingness to pay would be directly related to the quality of the final product.  If it looks fantastic, BTC1.5 would probably be reasonable.

You should take ziggap out of your sig, heh.

Ill try finding some wood somewhere and start working in about 2 weeks

selling  physical btc for digtail btc lol. if i could pay you another way id be interested depending on how cool they look

Hey everyone sometimes I like to carve how does Wooden physical bitcoins preloaded with 1btc sound? If I made one Ill sell it for 1.5btc is anyone interested? Escrow accepted.