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Author Topic: Bitcoin Geotagging  (Read 382 times)
NeuroticFish
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June 24, 2020, 03:06:16 PM
 #21

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The reception from authorities and the general public outside geocache participants has been mixed to hostile.

Yes, that's because afaik the "treasures" are usually somewhat hidden in the pinned location, usually to avoid people get them by mistake.
And the result is that people search the place and act quite weird/suspicious, attracting police, bomb squad, .. name it.

But this can be done better. Like keeping half of the private key / seed very easy to be seen in the expected spot and the rest is in the place that announced the contest. Then the people will not have to act suspiciously, hence won't attract hostile reaction.

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June 24, 2020, 03:18:25 PM
 #22

OP can you elaborate a bit more on what it is you exactly mean? Lots of replies to your topic here but I'm not sure anyone actually knows what you mean...are you planning to give away free bitcoin yourself? How would this even work, who's going to want to give away free money? I'm lost..

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June 24, 2020, 03:29:50 PM
 #23

This would be a fun idea if I understood what you are trying to point out, OP.

So what I thought about this topic is like regular treasure hunting but only with Bitcoin. Someone would “plant” a QR code of some sort that requires you to be there, hence the geotagging, then unlocking it by scanning as well.

Could it be close to that?

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Abiky (OP)
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June 25, 2020, 06:39:50 PM
 #24

Hey, the idea is great, and as you say, there no app today to make this. If these were in my hands i would use coordinates and not a digital map, this way the project doesn't depend on google maps. And you can use a social network to post those coordinates.

For example, a tweet with the next information:

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16°48'16.8"N+99°50'11.2"W/@16.8046791,-99.8386437

Another option is to make a web page where any user could register and post a place where he leave some BTC.

There are many ways to do this, not limited to mobile apps. If there's demand for something like Bitcoin geotagging, developers and webmasters will provide the require infrastructure to make this a reality. I think that wealthy people willing to give some Bitcoin to the world, can find this tool useful. Something like using AR (Augmented Reality) to locate Bitcoin in the real world, will certainly boost its adoption. By "tagging" specific locations on the map, people can simply go there using a GPS and their phone to claim their reward. It'll be like a great treasure hunt that will even encourage kids to dive into the world of crypto.

My guess is that if Bitcoin geotagging becomes possible, the Lightning Network will be used for placing small fractions of a Bitcoin on the map. It wouldn't be feasible to place satoshis on the main Bitcoin blockchain after all. At least, the ideas are there. Making them a reality, is another thing. If someone would develop a mobile app for Bitcoin geotagging, mainstream adoption for the pioneer cryptocurrency will increase like never before. For now, we'd just have to wait until there's enough interest to make this happen. Just my opinion Smiley


OP can you elaborate a bit more on what it is you exactly mean? Lots of replies to your topic here but I'm not sure anyone actually knows what you mean...are you planning to give away free bitcoin yourself? How would this even work, who's going to want to give away free money? I'm lost..

I'm not planning to give away some Bitcoin to the general public, though. Only been planning to do this with my friends in order to motivate them into cryptocurrency. You'll simply interact in the real world with your smartphone in order to hunt for Bitcoins. For instance, if I'm on KFC and want to "tag" that place on the map for anyone to claim their Bitcoin, I can do so by providing coordinates or using a mobile app specifically for that. Of course, the Bitcoin will not be present there in physical form. What the user will get is the private key to access the Bitcoins upon arriving at the predetermined location on the map. It's more like a treasure hunt game. If you look on Google all about "geocaching", you'll see what I mean. Wink


This would be a fun idea if I understood what you are trying to point out, OP.

So what I thought about this topic is like regular treasure hunting but only with Bitcoin. Someone would “plant” a QR code of some sort that requires you to be there, hence the geotagging, then unlocking it by scanning as well.

Could it be close to that?

Yes sort of. The only thing is that the Bitcoin will not be present physically at the location marked on the map. Instead, users will receive a private key once they arrive at the predetermined location by the issuer. It could greatly motivate anyone to get into cryptocurrency right away. Smiley

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June 26, 2020, 08:42:24 AM
 #25

Yes sort of. The only thing is that the Bitcoin will not be present physically at the location marked on the map. Instead, users will receive a private key once they arrive at the predetermined location by the issuer. It could greatly motivate anyone to get into cryptocurrency right away. Smiley
What if it was a trap or something? It's quite scary to think about that but at the same time, you could get to know people who are in the same space as you. You just have to trust that "drop" or something related to that. Is it going to be like Pokemon Go? Lol

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THE ULTIMATE
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July 03, 2020, 01:47:22 AM
 #26

What if it was a trap or something? It's quite scary to think about that but at the same time, you could get to know people who are in the same space as you. You just have to trust that "drop" or something related to that. Is it going to be like Pokemon Go? Lol

Good point. I guess that the developer could implement a reputation system on the app which tells users if a person giving away the Bitcoin is trustworthy or not. There could be many ways to prevent falling right into the trap. All devs need is to use their imagination in order to make "geotagging" Bitcoins practical for the mainstream world. If we get to experience something like this in the future, I'd bet that Bitcoin's adoption will be in its All-time-high. Similar to the game you've mentioned, people could use their phone's GPS navigation system to travel where the coins are. Using Augmented Reality (AR) could prove to be a game changer here.

Nonetheless, there are far more important things to focus than just providing a way for people to collect "free coins" on the go. First, scalability and volatility issues need to be resolved in order to make Bitcoin useful for the world. Once that's done, we could talk about new applications that will boost the adoption of the pioneer cryptocurrency in the mainstream world. For now, we could just publish the coordinates of the "stashed" Bitcoin for anyone else to find it. This process is not as convenient as using a mobile app with the phone's GPS to claim the Bitcoin, but at least it's a workaround. Just my opinion Smiley

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