Yeah, as expected, things came up. I needed to order additional machinery, so things are delayed a bit, but still moving forward. This is the reason you never take preorders.
While I realize a lot of other sellers do holograms, and they aren't tamper-proof, I personally like the look of them. Without them, they feel more like mass-produced tokens.
Personally, I've always found the holograms sort of tacky. Anyway, I can guarantee this won't feel like mass produced tokens. What I'm making are hand made, one at a time, and not tokens.
The most secure trusted way to create keys for physical coins is to get Satoshi to do it.....End User produced keyed coins have no resell value as a collectable. If your looking to get into producing collectable coins.....even untrusted producers can create keyed coins unfunded and leave it up to end users trust level of the producer if they want to fund them or not.... are you looking to produce a secure place for people to park their bitcoins or are you trying to produce a novelty collectable....IMO it's either one or the other...
Correct, this is why I'm trying to figure out what to do here. The most secure way to do it would be to do multisig so I never have access to the private keys. But, there is no resale value of a piece if you are relying on a stranger that knows the private keys not to steal the coins. With Casascius coins, you are relying on Casascius not to steal the Bitcoins, but that is better than trusting whoever it is who purchased the coins first.
will there be a DIY version of this physical bitcoin?
perhaps construction like
https://github.com/platecoin/platecoin?
the maker's private key sticker can be sticked on side A, while the clerk generates key B in shop and puts
it to the rectangular window near buyer, charge it and show him the transaction in blockchain.
buyer only need to trust maker sticker.
opinios?
With what I'm planning, buyer funded isn't possible. Each buyer would have to have expensive machinery, and be willing to sign a liability waiver to not hold me responsible for burns from molten 2000ish degree metal.
I personally prefer assembled coins. It saves on a lot of hassle, however, there's an element of trust involved that some people may not feel comfortable with.
You could always offer a pre-assembled coin or a BIP38 encrypted wallet so that the buyer can be sure that there's no way the seller would have access to the full private key.
BIP38 encrypted would work for buyer funded models, where the original buyer gives me the private key encrypted so that I don't know what it is, but then they would have access to the private key, again making resale impossible. If I end up making buyer funded pieces, this would most likely be the route that I'd take.
Big fan of pre-assembled coins myself, although I wouldn't mind getting my hands "dirty" by putting one together myself
Buyer assembled models are very unlikely at this point. That is unless I ship every unit sold with metalworking tools and safety equipment, a CNC Mill/Router, Metal furnace.
