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Title: would people be interested in something like this? Post by: ali97hakim on February 20, 2016, 04:26:49 AM 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. Title: Re: would people be interested in something like this? Post by: xhomerx10 on February 20, 2016, 04:31:51 AM How would you guarantee the security of the private key?
Title: Re: would people be interested in something like this? Post by: Jet Cash on February 20, 2016, 04:34:14 AM So you want us to go back to writing cheques?
Title: Re: would people be interested in something like this? Post by: justspare on February 20, 2016, 04:35:56 AM I have been trying to brainstorm business ideas for anonymous bitcoin purchase business. 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.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. Title: Re: would people be interested in something like this? Post by: pooya87 on February 20, 2016, 04:40:35 AM 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. Title: Re: would people be interested in something like this? Post by: ali97hakim on February 20, 2016, 04:41:30 AM So you want us to go back to writing cheques? no not really, just an idea Title: Re: would people be interested in something like this? Post by: xhomerx10 on February 20, 2016, 04:42:35 AM 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. Title: Re: would people be interested in something like this? Post by: ali97hakim on February 20, 2016, 04:44:06 AM 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. Title: Re: would people be interested in something like this? Post by: ali97hakim on February 20, 2016, 04:46:38 AM 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?
Title: Re: would people be interested in something like this? Post by: achow101 on February 20, 2016, 04:49:11 AM 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. Title: Re: would people be interested in something like this? Post by: xhomerx10 on February 20, 2016, 04:51:30 AM 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. Title: Re: would people be interested in something like this? Post by: bitbaby on February 20, 2016, 04:57:28 AM 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. Title: Re: would people be interested in something like this? Post by: lixer on February 20, 2016, 01:15:16 PM 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.
Title: Re: would people be interested in something like this? Post by: pereira4 on February 20, 2016, 01:38:07 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. Title: Re: would people be interested in something like this? Post by: Pursuer on February 20, 2016, 02:27:33 PM 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. Title: Re: would people be interested in something like this? Post by: Shawshank on February 20, 2016, 03:49:33 PM 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. Title: Re: would people be interested in something like this? Post by: virtualdn on February 20, 2016, 07:27:22 PM Not a very good idea due to security issues... you basically have the private keys as well
Title: Re: would people be interested in something like this? Post by: Jonsnowstark on May 06, 2018, 11:16:56 AM 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.
Title: Re: would people be interested in something like this? Post by: Thirdspace on May 06, 2018, 11:55:06 AM ---snip--- is it possible to make payments with credit card anonymously? any credit card will do that?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--- 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 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 Title: Re: would people be interested in something like this? Post by: onnz423 on May 08, 2018, 10:02:26 PM 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.
Title: Re: would people be interested in something like this? Post by: miss.M on May 08, 2018, 10:36:41 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.
Title: Re: would people be interested in something like this? Post by: VclDm on May 08, 2018, 10:43:02 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.Title: Re: would people be interested in something like this? Post by: Mohamme on June 01, 2018, 03:05:26 PM Most of the time, people don't care about anonymous purchases.
But terrorist groups or criminals are more likely to buy anonymously. Title: Re: would people be interested in something like this? Post by: lanalang on June 02, 2018, 09:31:28 PM 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
Title: Re: would people be interested in something like this? Post by: JeffreyKen on June 03, 2018, 05:58:28 AM If the security would be good then it would be an interesting subject.
Title: Re: would people be interested in something like this? Post by: tubig123 on June 03, 2018, 10:04:02 AM 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.
Title: Re: would people be interested in something like this? Post by: edjames on June 03, 2018, 10:40:59 AM 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? Title: Re: would people be interested in something like this? Post by: oni4an on June 03, 2018, 04:36:11 PM 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.
Title: Re: would people be interested in something like this? Post by: kavindipa on June 03, 2018, 04:54:27 PM 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.
Title: Re: would people be interested in something like this? Post by: Akorharrison on June 03, 2018, 05:14:13 PM 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.
Title: Re: would people be interested in something like this? Post by: melonbtchunter on June 05, 2018, 08:36:20 PM 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.
Title: Re: would people be interested in something like this? Post by: franky1 on June 05, 2018, 08:43:32 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 Title: Re: would people be interested in something like this? Post by: houseofdigital on June 05, 2018, 10:33:25 PM currently offer this in my store. we have them in a vending machine
Title: Re: would people be interested in something like this? Post by: KingScorpio on June 05, 2018, 10:48:01 PM How would you guarantee the security of the private key? with a bankster oat. Title: Re: would people be interested in something like this? Post by: shield132 on June 06, 2018, 06:57:51 PM 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.
Title: Re: would people be interested in something like this? Post by: kritenbrink on June 07, 2018, 03:06:47 AM woa it has seem in more than you
Title: Re: would people be interested in something like this? Post by: Tungsky on June 07, 2018, 08:39:39 AM This is just the idea, sky high rank sky high too, this article is too business
Title: Re: would people be interested in something like this? Post by: intellicorepress on June 07, 2018, 01:58:57 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. :)Title: Re: would people be interested in something like this? Post by: Mr.ZODIAC on June 07, 2018, 07:33:40 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. :)Title: Re: would people be interested in something like this? Post by: milewilda on June 08, 2018, 08:40:29 PM bad idea on 2 fronts 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.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 Title: Re: would people be interested in something like this? Post by: Bitcoinpioner on June 08, 2018, 09:17:33 PM 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.
Title: Re: would people be interested in something like this? Post by: realpseudozach on June 09, 2018, 01:49:07 AM 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... Title: Re: would people be interested in something like this? Post by: Euro12 on June 10, 2018, 09:02:50 AM 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.
Title: Re: would people be interested in something like this? Post by: @prashant on June 10, 2018, 04:50:21 PM 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.
Title: Re: would people be interested in something like this? Post by: Quras on June 12, 2018, 01:24:29 AM anonymous OTC will be better.
Title: Re: would people be interested in something like this? Post by: entropy0 on June 12, 2018, 03:05:18 AM this is good in theory but hard to pull off. security wise
Title: Re: would people be interested in something like this? Post by: lynlyn on August 18, 2018, 11:44:40 AM 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.Title: Re: would people be interested in something like this? Post by: Kramblerty on August 18, 2018, 12:07:56 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. Title: Re: would people be interested in something like this? Post by: Resa02 on August 30, 2018, 03:16:14 PM 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,
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