would people be interested in something like this?

Resa02

newbie

Activity: 266

Merit: 0

Hi permission to post, pleasant day everyone, let me get your little attention, guys if your looking for a good project to invest this is it join swachhcoin ICO now!! Its a very interesting project,
Let's recycle our waste into swachhcoin
you heard it right, swachhcoin will be giving incentives to people to use thier waste to earn swachh tokens

let it be waste no more! But more #swachh#tokens let's not complicate life,let's turn our waste into something more useful. visit swachhcoin.com to know more

#Swachhcoin #Cryptocurrency #ICO #Blockchain

Kramblerty

member

Activity: 266

Merit: 15

Quote from: pooya87 on February 19, 2016, 11:40:35 PM

it can be a good idea but has a big problem, and that is the issue of trusting you.
since you are the one creating the paper wallets and the private keys, the buyer needs to trust you are don't have the the private keys so the paper wallet won't go empty after the purchase.

if the amount of BTC (purchased in this way) is relatively low then people could trust based on positive feedback from other clients. But you definitely need to proof to big volume buyers that the paper wallet won't go empty after the purchase.

lynlyn

member

Activity: 243

Merit: 10

Quote from: miss.M on May 08, 2018, 05:36:41 PM

Well, people will easily catch their attention especially if they know that they will earn money from it. Some people are victim of scam because they don’t know what is the campany all about and they believe easily in the word of the recruiters.

Yes that's right. Bitcoin can catch the interest because it is new in our world. It can catch up also the interest of the people because they csn gain money even though it is only a virtual currency.

entropy0

full member

Activity: 412

Merit: 100

Que sera sera

this is good in theory but hard to pull off. security wise

Quras

newbie

Activity: 18

Merit: 0

anonymous OTC will be better.

@prashant

hero member

Activity: 910

Merit: 505

I don't think you will get purchaser untill you increase your get trust in crypto world.it is good if you gather a professional team and some well know advisor to start ico.otherwise if you are doing with your money then it will be difficult for you to sell paper wallet.i know you want to remain anonymous but why would somebody will trust you by paying fund to you.

Euro12

newbie

Activity: 2

Merit: 0

They should disseminate the information properly and order for it to work and be knowned by other people. Its just a matter of good presentation and sacrifice and other for it to be successful. Just make it good in advertising so that many will be knowledgeable about it and be one of the subscribers.

realpseudozach

full member

Activity: 170

Merit: 108

I had a similar idea I just couldn't figure out accepting payments part. If you are in US maybe you can use stripe etc. more easily. is it allowed? And similarly you'll need to wait x days for the payment to clear so customers wont take back the payment.

Now for the sending of paper wallets, online paper wallet generators actually run this type of business and they use a special paper seal that is impossible to open without breaking/ripping apart. So you can ensure it's not opened en route. Still does not solve the problem of trust tho...

Bitcoinpioner

newbie

Activity: 36

Merit: 0

People are looking for profits, and if people are going to take advantage from your project why not it is usable, but of course you have to be careful with the security issues.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: franky1 on June 05, 2018, 03:43:32 PM

bad idea on 2 fronts

firstly. trust
trust of the private key would be lacking

secondly. anonymity
needing to deliver something to someones physical home address would lack the anonimity

..
people can create their own paper wallets. so no need for a third party to create it. and no need for a third party to deliver it to a physical address.

im kind of smelling a rotten fish here. and it smells like the OP probably wants to scam people and know they wont report the OP because that then means the anonymous person that doesnt want government knowing they are investing in btc. to have to admit they are involved in btc to a government agency to report a loss..
so knowing that. the OP can happily scam and not get reported because the victims fear government oversight more than the loss. so wont rport the loss

Trust would be the main issue on here and same as you said its no sense to have this kind of service yet people can create their own paper wallet in a matter of few steps and doesnt really need others assistance and thinking off that 3rd party would process the keys? You are doing suicide if you do make use of this one. Percentage arent still worth almost 1% on entire btc amount and how could you make free shipment? Its totally obvious on what Op would try to do in here.

Mr.ZODIAC

member

Activity: 336

Merit: 11

Quote from: intellicorepress on June 07, 2018, 08:58:57 AM

Quote from: bitbaby on February 19, 2016, 11:57:28 PM

And frankly we want to take bitcoin mainstream, we want the whole world to use it as they'd use cash, so we'll have to give up the anonymous buying/selling part, the two can't co-exist together.

Maybe it's just that nobody has yet figured out how? They exist together in real cash, don't they.

It seems to me that everything will be very interconnected here, since real money is still used, then the crypto currency must also become legal in order to be able to ensure the perfect functioning of the system. But it is already clear that all users of crypto currency will say goodbye to the anonymity of their funds.

intellicorepress

jr. member

Activity: 102

Merit: 2

Quote from: bitbaby on February 19, 2016, 11:57:28 PM

And frankly we want to take bitcoin mainstream, we want the whole world to use it as they'd use cash, so we'll have to give up the anonymous buying/selling part, the two can't co-exist together.

Maybe it's just that nobody has yet figured out how? They exist together in real cash, don't they.

Tungsky

newbie

Activity: 75

Merit: 0

This is just the idea, sky high rank sky high too, this article is too business

kritenbrink

newbie

Activity: 57

Merit: 0

woa it has seem in more than you

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

The idea is really great, at least from my point of view. But as it was mentioned, problem is trust. If your service was legit (not anonymous), then people would trust you but at the same time there won't be any need of printed wallet. Since you are going to offer that, you need trust like darknet website's escrows, people trust it.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: xhomerx10 on February 19, 2016, 11:31:51 PM

How would you guarantee the security of the private key?

with a bankster oat.

houseofdigital

newbie

Activity: 7

Merit: 0

currently offer this in my store. we have them in a vending machine

franky1

legendary

Activity: 4410

Merit: 4766

bad idea on 2 fronts

firstly. trust
trust of the private key would be lacking

secondly. anonymity
needing to deliver something to someones physical home address would lack the anonimity

..
people can create their own paper wallets. so no need for a third party to create it. and no need for a third party to deliver it to a physical address.

im kind of smelling a rotten fish here. and it smells like the OP probably wants to scam people and know they wont report the OP because that then means the anonymous person that doesnt want government knowing they are investing in btc. to have to admit they are involved in btc to a government agency to report a loss..
so knowing that. the OP can happily scam and not get reported because the victims fear government oversight more than the loss. so wont rport the loss

melonbtchunter

newbie

Activity: 80

Merit: 0

I think it can not be a good idea. First of all, your wallet will be safe or secure. In most countries of the world it will be nice or interesting. And if the security system is good then it will be a nice thing.

Akorharrison

jr. member

Activity: 399

Merit: 2

That is nice idea but how do you try to cover up the fee wen shipping to various countries how do you think that is guaranteed.

kavindipa

newbie

Activity: 122

Merit: 0

Yes of cause, every one should be interested in this because we can earn money from this. There are some security issues about our wallets but its very attractive. Also it is a virtual currency.

oni4an

sr. member

Activity: 658

Merit: 253

This may be a great idea, but how to solve the problem of trust? You must be a well-known person so that people can trust you. Any project in the field of crypto bears its usefulness.

edjames

newbie

Activity: 157

Merit: 0

Quote from: ali97hakim on February 19, 2016, 11:26:49 PM

I have been trying to brainstorm business ideas for anonymous bitcoin purchase business.

Would really like some input on this idea. I'm sure some one has tried this before anyway.

Allow people to buy paper bitcoin wallets online anonymously with bitcoin loaded on them

-> I could accept payments by credit card (then there is the fraud problem). But to keep it really anonymous, I could offer payment by money orders, cash deposit, or ACH transfer

-> I would charge like $1-$2.50 for the actual paper wallet + free shipping. and maybe a 0.5%-0.75% fee for bitcoin and send overnight

-> The only way I could offer purchase by credit card, is wait until the payment is fully processed (about 4-5 days depending on payment processor). Once it goes through and is deposited we ship the paper wallet with your bitcoin loaded overnight.

Unless I'm missing something here, doesn't the anonymous part disappear once I've given you my credit card details for payment and an address to ship the paper wallet to?

Assuming I use the Bitcoin for something very illegal (no that I'm going to, of course, this is just a thought experiment), how would your service guarantee anonymity when law enforcement get involved?

tubig123

newbie

Activity: 154

Merit: 0

Of course people interested something like this because these kind of peoples claiming only in a simple way not like the members take effort and hardwork for the help of hard situation of the family but just to take it secured please do not allow anybody the private key because hackers waiting only what is our mistake input in our wallet.

JeffreyKen

newbie

Activity: 42

Merit: 0

If the security would be good then it would be an interesting subject.

lanalang

member

Activity: 227

Merit: 10

i think it is not good idea, because the first thing must be protection of your wallet. contains your data. it but in some countries it can be interesting, where are corruption

Mohamme

member

Activity: 224

Merit: 10

Most of the time, people don't care about anonymous purchases.
But terrorist groups or criminals are more likely to buy anonymously.

VclDm

member

Activity: 392

Merit: 11

Quote from: miss.M on May 08, 2018, 05:36:41 PM

Well, people will easily catch their attention especially if they know that they will earn money from it. Some people are victim of scam because they don’t know what is the campany all about and they believe easily in the word of the recruiters.

The fraud in this market is extremely much so always alert to the ads attractive. Invest in this market so you can get your own insights and stay away from fraudulent projects.

miss.M

member

Activity: 171

Merit: 10

Well, people will easily catch their attention especially if they know that they will earn money from it. Some people are victim of scam because they don’t know what is the campany all about and they believe easily in the word of the recruiters.

onnz423

hero member

Activity: 840

Merit: 508

Make winning bets on sports with Sportsbet.io!

The idea of this is great and I know quite a few people who want to purchase bitcoin as anonymised as possible. Although I want to point out a few things that might go wrong with this: 1. Free shipping – doing free shipping would be a huge although shipping prices are decreasing at the current time I would suggest charging for shipping; 2. Trust – If you are going to give the private key to someone that means you have access to the private key and you could simply spend any money in the wallet itself. Certainly free shipping is only possible to certain parts of the world, as even small packages can cost more than $10 to certain third world countries.

Thirdspace

hero member

Activity: 1232

Merit: 738

Mixing reinvented for your privacy | chipmixer.com

Quote from: ali97hakim on February 19, 2016, 11:26:49 PM

---snip---
Allow people to buy paper bitcoin wallets online anonymously with bitcoin loaded on them

-> I could accept payments by credit card (then there is the fraud problem). But to keep it really anonymous, I could offer payment by money orders, cash deposit, or ACH transfer
---snip---

is it possible to make payments with credit card anonymously? any credit card will do that?
wouldn't the credit card company keep transaction records between your business name, CC # and his name
money order and ACH transfer, most likely to leave transaction records too

Quote from: ali97hakim on February 19, 2016, 11:46:38 PM

For security, I could create a system where after the purchase the private key gets sent to you via email. And we send the wallet address with QR code by mail. This could maybe work?

why the need of mailing wallet address with QR code? receiving private keys via email is enough (but insecure)
to generate an address, you might want to read on how to generate vanity address with split key
so you will only know partial private key, and your customer will use your private key and his own to access the fund

Jonsnowstark

full member

Activity: 364

Merit: 101

The essence of having it digital is really making no sense with this idea. Yes paper wallets bring security but for it to go through the mail would diminish the security, which is the main purpose of the project. Also, shipping across the world would cost you more than the paper wallet you are selling. I don't think that would be such a good idea.

virtualdn

legendary

Activity: 1358

Merit: 1093

Not a very good idea due to security issues... you basically have the private keys as well

Shawshank

legendary

Activity: 1623

Merit: 1608

Yes, it is possible. You should use BIP38.

You could redirect the user to https://www.bitaddress.org , on the Wallet Details tab, BIP38 encrypt.

If you want to do it more user friendly, you create a REALLY RANDOM private key automatically in the user browser, in a similar way as it is done in bitaddress.org. You just ask the user for a password on his browser, and you send to you the BIP-38 encrypted string and the associated Bitcoin address. Then, you fund that address and send the physical BIP-38 string to the purchaser.

However, I wouldn't recommend you fund a Bitcoin address that is not yours. You may bump into legal issues. That is one of the reasons why Casascius had to stopped creating physical Bitcoins.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

sorry to disappoint you but this is a bad idea for a couple of reasons.
first and biggest problem as others have already pointed out is the trust part. because nobody is going to trust some random person on the internet to buy bitcoin from let alone but private keys from.

also there is lack of interest. making paper wallet is an easy task which anybody with a printer can do, and if they are new to bitcoin and don't know about bitcoin they buy it from some popular place like Coinbase and again not from a random guy on the internet.

I think you should remove the paper wallet part and stick to only selling bitcoin and come up with a way for the anonymous selling bitcoins. also trust works both ways, anonymity might cost you since you might get scammed.

and one more thing, you might want to look at some laws about taxes and trading bitcoin in your country because you are doing a business and it might come back and bite you in the ass later.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: bitbaby on February 19, 2016, 11:57:28 PM

It is a bad idea, don't try to make it work. Drop it and go back to the board.

And frankly we want to take bitcoin mainstream, we want the whole world to use it as they'd use cash, so we'll have to give up the anonymous buying/selling part, the two can't co-exist together.

Mmm, how are you going to use cash if you give up the anonymous buying/selling part? Cash is not cash if it's not anonymous. One of the big selling points for Bitcoin will be the fact that everything will be monitored in future when governments get rid of cash, so we want Bitcoin to be as anonymous as possible.

lixer

hero member

Activity: 2688

Merit: 588

Not a good idea I think. People won't be interested in such things and free shipping part would be difficult for you. I guess there must be some security issues you might face with this work.

bitbaby

hero member

Activity: 812

Merit: 1000

It is a bad idea, don't try to make it work. Drop it and go back to the board.

And frankly we want to take bitcoin mainstream, we want the whole world to use it as they'd use cash, so we'll have to give up the anonymous buying/selling part, the two can't co-exist together.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: ali97hakim on February 19, 2016, 11:46:38 PM

For security, I could create a system where after the purchase the private key gets sent to you via email. And we send the wallet address with QR code by mail. This could maybe work?

No you have to use part private keys so nobody but the buyer gets to see the private key. The receiver would have to combine the private key you send with his part private key to get the actual private key of the address containing the coin. This would remove some of the trust issues around purchasing a paper wallet but it would also complicate the process.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: ali97hakim on February 19, 2016, 11:46:38 PM

For security, I could create a system where after the purchase the private key gets sent to you via email. And we send the wallet address with QR code by mail. This could maybe work?

No. That makes no difference. There is no need to send the wallet address if someone is already getting the private key because the address is derived from the private key.

The problem is that since you created the private key, you still have access to that private key and therefore can spend any Bitcoin associated with that private key. People have to trust you to not steal their money.

ali97hakim

newbie

Activity: 43

Merit: 0

For security, I could create a system where after the purchase the private key gets sent to you via email. And we send the wallet address with QR code by mail. This could maybe work?

ali97hakim

newbie

Activity: 43

Merit: 0

Quote from: pooya87 on February 19, 2016, 11:40:35 PM

it can be a good idea but has a big problem, and that is the issue of trusting you.
since you are the one creating the paper wallets and the private keys, the buyer needs to trust you are don't have the the private keys so the paper wallet won't go empty after the purchase.

True, but I am in the USA. Plus if I did what you are saying, and I'm taking payments by credit cards, there is no doubt that I would get arrested within a week.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: ali97hakim on February 19, 2016, 11:41:30 PM

Quote from: Jet Cash on February 19, 2016, 11:34:14 PM

So you want us to go back to writing cheques?

no not really, just an idea

Might be cool for vanity addresses if you could somehow guarantee the security of the private key.

ali97hakim

newbie

Activity: 43

Merit: 0

Quote from: Jet Cash on February 19, 2016, 11:34:14 PM

So you want us to go back to writing cheques?

no not really, just an idea

pooya87

legendary

Activity: 3472

Merit: 10611

it can be a good idea but has a big problem, and that is the issue of trusting you.
since you are the one creating the paper wallets and the private keys, the buyer needs to trust you are don't have the the private keys so the paper wallet won't go empty after the purchase.

justspare

hero member

Activity: 1022

Merit: 538

Quote from: ali97hakim on February 19, 2016, 11:26:49 PM

I have been trying to brainstorm business ideas for anonymous bitcoin purchase business.

Would really like some input on this idea. I'm sure some one has tried this before anyway.

Allow people to buy paper bitcoin wallets online anonymously with bitcoin loaded on them

-> I could accept payments by credit card (then there is the fraud problem). But to keep it really anonymous, I could offer payment by money orders, cash deposit, or ACH transfer

-> I would charge like $1-$2.50 for the actual paper wallet + free shipping. and maybe a 0.5%-0.75% fee for bitcoin and send overnight

-> The only way I could offer purchase by credit card, is wait until the payment is fully processed (about 4-5 days depending on payment processor). Once it goes through and is deposited we ship the paper wallet with your bitcoin loaded overnight.

The free shipping part might be a huge mistake. If you are shipping it across the world, it would be very expensive for you. Maybe make people pay a bit more for the wallet.

Jet Cash

legendary

Activity: 2814

Merit: 2472

https://JetCash.com

So you want us to go back to writing cheques?

xhomerx10

legendary

Activity: 3808

Merit: 7912

How would you guarantee the security of the private key?

ali97hakim

newbie

Activity: 43

Merit: 0

I have been trying to brainstorm business ideas for anonymous bitcoin purchase business.

Would really like some input on this idea. I'm sure some one has tried this before anyway.

Allow people to buy paper bitcoin wallets online anonymously with bitcoin loaded on them

-> I could accept payments by credit card (then there is the fraud problem). But to keep it really anonymous, I could offer payment by money orders, cash deposit, or ACH transfer

-> I would charge like $1-$2.50 for the actual paper wallet + free shipping. and maybe a 0.5%-0.75% fee for bitcoin and send overnight

-> The only way I could offer purchase by credit card, is wait until the payment is fully processed (about 4-5 days depending on payment processor). Once it goes through and is deposited we ship the paper wallet with your bitcoin loaded overnight.

Topic: would people be interested in something like this? (Read 1123 times)