Bitcoin Forum

Hi All,

I have been tasked with creating a cold storage platform for a very Big/Established Bullion Dealer in a very safe jurisdiction. They already have a lot of customers who have brought bitcoins but have no idea how to store/secure it.
 
Of course they are also happy to remove counterparty risk as much as possible, preferably do not want any idea what the PK is when they create cold storage wallets.

However, the probability that there are errors should be a close to 0 as possible. Should be verifiable but that can be non trivial and can cost both to customer and provider. ???

I have given them some suggestions such as :

• Create an Offline Armory Cluster(Customized) and save the private key directly into a person's safe vault, so that the operators cannot see the key(encrypted).
• Create a Video of the whole process, with a twitter feed.
• Post the hash of the video on a blockchain.
  

Why am I sharing this? I think this is something that could if done in a trustless way and at a provider who otherwise has a lot of credibility, could be valuable to all of us in the community. In other words I do not want to botch it up, and would like to get the communities views on this.

Thanks
wizgot

If I got this right, there will be people who will be creating cold storage for clients? The whole purpose from bitcoin is to be your own bank so they should create it themselves and be in control the full time and in that case Bitaddress.org will be suggested, downloading the source code, running it locally using LiveCD Tails or other Linux distribution.

What's the point of posting this? Sorry the grey matters are a bit slow in bubbling out the essay you have tried to impress with. What will the community benefit from this project?