Introducing The Bitcoin Note: Physical Bitcoin that Looks and Feels Like Cash

[MoparMiningLLC]

Ok - that is what others and I thought as well - just wanted confirmation.

I am also running a group buy in the collectibles area

Is there a deadline date where the code we received will no longer work?

[dkbit98]

Good question -- in this case the exploiter can only access the notes they have in their physical possession. So they would be able to claim the funds off a note without cutting it, but that's about it. The key material that the server holds never lets you claim funds alone -- you always need the user key which is stored on the note.

Thanks for explaining this, I guess they would need to have physical possession of note together with access to server.
In case that website server is not working or permanently down, that means that Bitcoin note can't complete authentication, but can they still be used without that or not?
Oh, and you forgot to say when can we expect first deliveries for ordered bitcoin notes?

[BlockchainMentors]

Is it true ? I still can't believe it. How cool does this look. Will it be applicable all over the world? Truly we are going to live the life of a metaverse where there will be transparency.

[ccamrobertson]

Is there a deadline date where the code we received will no longer work?

We don't have one, but at some point we will move onto other folks waiting on the list and there might be price changes. Let me know if you run into any issues with an expired code.

In case that website server is not working or permanently down, that means that Bitcoin note can't complete authentication, but can they still be used without that or not?
Oh, and you forgot to say when can we expect first deliveries for ordered bitcoin notes?

There is a sliding scale. If we are temporarily down, you can "offline" verify and see that the multisig is still loaded (assuming you can get data from the chain). If we are permanently down then you need to wait until the expiration ("claim before") date printed on the note.

First deliveries are expected late August.

[dkbit98]

First deliveries are expected late August.

Cool, this is not far away.
Only thing that I am little concerned is how this paper notes will be shipped to my home address, in regular envelope or with some protection against folding, and messing up the note shape during transport.
Few times I had some bad experience with my post office deliveries, especially for international delivery or if someone noticed that paper money is being sent, if you know what I mean

[ccamrobertson]

Cool, this is not far away.
Only thing that I am little concerned is how this paper notes will be shipped to my home address, in regular envelope or with some protection against folding, and messing up the note shape during transport.
Few times I had some bad experience with my post office deliveries, especially for international delivery or if someone noticed that paper money is being sent, if you know what I mean Wink

Rigid mailers with "Do Not Bend" stickers

[arabspaceship123]

How many people did you register on site if you're sending deliveries in August it's high ?

First deliveries are expected late August.

[BitCheques]

@ccamrobertson

Do you have a link to the public bitcoin script?

[arabspaceship123]

http://bitcoinnote.com/ redirects to https://offline.cash

They aren't active in the thread. Is this venture operated by the OP or sold on?

We believe that the result of this design achieves the goal of Bitcoin that's incredibly easy to use -- like cash -- but still preserves the important quality of self-custody. Take a look at http://bitcoinnote.com/ to learn more and reserve a spot in line for our release later this summer. Any and all feedback is appreciated and I would be happy to answer any questions.

[Kakmakr]

So, do you think by owning and running servers to authenticate the notes.... centralizes Bitcoin again? Is the whole idea not to have Bitcoin running on a decentralized network? I hope I understand the concept of the server in this scenario ...correctly, so feel free to correct me if I am wrong.

Also, will the centralization of the server ....not place a target on your back..for government agencies to shut you down? We all know what happened with previous people who "printed" their own money. 

[Forever101]

Just coming across this, it is a good idea and dream to fulfill. My question is that how possible will it be to convince the government of countries who still have doubt on Cryptocurrency to accept this type currency that throws them off the pitch. If there is any thing to address in the course of this vision should be about the government.

Another point to consider is that, there is still a high level of illiteracy in the developing countries, how do you thing such people will cope with the currency and rekeying of the notes. The process of spending will post a little difficulty as rekeying is so neccessary to ownership. If one have a thousand pieces, it means they have to be rekeyed.

Lastly, does it also mean that, a currency can assume any amount depending on the key and their assigned values

[Flexystar]

Good to see you are launching new notes in the market. Well, I’m sure note is as impressive as it sounds while reading the OP. It would have been better if you shared the pics for the same. This is close to having your CC along with you and scanning it for the contactless less point of sale. Only in the bitcoin note we have extra layer of security with multi sig.

It’s what gives bitcoin ultra high security. If you miss one piece of information from the physical coins dig then you are done, no money can be accessed literally.

Great work mate.

[Elderyoung]

It is a perfect idea to have a physical bitcoin note, this can unify a strong world central unit of exchange wherever it is acceptable, but come to think of it, the expiration date is quite not acceptable cause once it expires it loses it value!

[Rymaster]

Bringing this one back from the grave.

I’ve owned a few sets of these for awhile and they are gorgeous. However, I have never successfully been able to get the app to pickup/scan any of their NFC chips. I’ve tried with multiple phones too (iPhone 12 & 11)

Am I missing something here? Anyone else experience this issue?

[Floxynice]

Bringing this one back from the grave.

I’ve owned a few sets of these for awhile and they are gorgeous. However, I have never successfully been able to get the app to pickup/scan any of their NFC chips. I’ve tried with multiple phones too (iPhone 12 & 11)

Am I missing something here? Anyone else experience this issue?

People stopped posting on this thread 2023 and I have been reading such an interesting thread of having a tangible bitcoin and the discussion therein. I wonder why the Op abandoned this beautiful thread.
I wonder if I could own this bitcoin note that will not expire if I don't claim it, maybe I'll save it just like I save paper fiat for a very long time.

[jayoh]

I wonder if I could own this bitcoin note that will not expire if I don't claim it

I imagine that would be the case. If never interacted or tampered with, it should be considered safe.

[arabspaceship123]

What happens to bitcoin notes if the apps don't working. If the company stops updating the apps or their servers don't work do you lose your bitcoins if notes can't be cashed ?

So, do you think by owning and running servers to authenticate the notes.... centralizes Bitcoin again? Is the whole idea not to have Bitcoin running on a decentralized network? I hope I understand the concept of the server in this scenario ...correctly, so feel free to correct me if I am wrong.

Also, will the centralization of the server ....not place a target on your back..for government agencies to shut you down? We all know what happened with previous people who "printed" their own money. 

[ccamrobertson]

> What happens to bitcoin notes if the apps don't working. If the company stops updating the apps or their servers don't work do you lose your bitcoins if notes can't be cashed ?

The apps are open source and have an "Offline Mode" (this means our servers are Offline, not that you are without Internet). In this mode you will be able to claim coins from the notes in January 2029 if our server goes down or if we are somehow firewalled from communicating from your Offline Cash client.

See https://github.com/offline-cash and https://offline.cash/pages/faq

> People stopped posting on this thread 2023 and I have been reading such an interesting thread of having a tangible bitcoin and the discussion therein. I wonder why the Op abandoned this beautiful thread.

Didn't mean to! Things when quiet for a while and I haven't been around as much as I would like.

> Am I missing something here? Anyone else experience this issue?

Did you ever get this working? I need to ask someone here to make a video of the best way to scan a note; (1) don't use Offline mode -- this is only for the "emergency" situation above in 2029 and (2) set the note on a flat surface, then put your phone over it -- on an iPhone the top of the phone should be over the chip antenna.