[ANN] OPENDIME v3 – Now *Genuine Verified* Bitcoin Credit Stick (in stock!)

[deisik]

Basically, when the average transaction fee rises above the price of one OpenDime device (or comes pretty close to it). This thread has been inactive for some time, but now when the fees are skyrocketing together with the Bitcoin price, it is active again, and this is not a coincidence. It could eventually make sense to buy a dozen OpenDime pieces to pay for your yacht in a more or less safe way, without someone closely following your online transactions which you would have to make otherwise

Damn dude this is an apocalyptic scenery! One should keep his stack separated in different devices to be sure that at least a part of them should run properly. As I stated before I like the concept but maybe they are a little expensive in the actual situation.

I think alexrossi's criticism come from not fully understanding how it works or never handled one in hand.

alexrossi if you ever actually try one, you will probably change your mind.

Well what I know is that with electronic devices there is always a percentage of dead on arrival devices and instable devices that will die a little later. You know, private key on an unlucky opendime could be worth thousands and totally lost, without possibility of recovery

And that's the whole point of these devices

There is no way back once you give away your Opendime or it gives away you! It is not like those hardware wallets when you can restore your key even if they break (or someone else could do without ever physically touching your wallet), which, as to me, undermines the whole idea behind them (i.e. storing your coins safely). If you need safety just use a paper wallet instead. Though I agree with you that you can't be sure that such a device doesn't malfunction, I think you could discard erratic devices by test using them for some time (i.e. without actually writing the key to a specific unit). In any case, these device are expendables and you shouldn't in the first place be using them for storage (again, use a paper wallet if you need that)

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[alexrossi]

nvK, as stated before I'm truly looking forward to setup a small group buy (24 pieces) of opendimes here in italy. Just a couple of questions that i post here because they can be useful also to other people:
1) Italy is considered as western europe or eastern europe?
2) Tracked shipping is just a registered mail from canada with the local post office or is done with a shipping carrier?
3) If the question #2 is registered mail, is there the possibility to use a faster shipping carrier like DHL or UPS?

[nvK]

nvK, as stated before I'm truly looking forward to setup a small group buy (24 pieces) of opendimes here in italy. Just a couple of questions that i post here because they can be useful also to other people:
1) Italy is considered as western europe or eastern europe?
2) Tracked shipping is just a registered mail from canada with the local post office or is done with a shipping carrier?
3) If the question #2 is registered mail, is there the possibility to use a faster shipping carrier like DHL or UPS?

NP.

1. Western Europe
2. Canada post, "business light package" registered (Aside from customs delay, it usually takes 5-10 days to Italy)
3. Yes for orders over 99 (33x 3 packs)

[nvK]

Folks, we've made a Experimental Google Chrome App.
It only works in Chrome Dev mode of Chrome OS.

Installation instructions here: http://blog.opendime.com/opendime-chrome-extension/

[Mitchell]

Looking good nvK! Guess I'll have to get a few second batch ones as well.

[nvK]

Looking good nvK! Guess I'll have to get a few second batch ones as well.

It's in stock!

[xtyling]

Hi,

I was thinking of giving an opendime to each of my university teachers to introduce them with bitcoin and load some money into it. I have a question, what is the average lifetime of the hardware against dust and etc...

Thanks, let me know

[deisik]

Hi,

I was thinking of giving an opendime to each of my university teachers to introduce them with bitcoin and load some money into it. I have a question, what is the average lifetime of the hardware against dust and etc...

Is it a subtle way of bribing them?

Are you afraid that they won't be able to spend their satoshi and will punish you? Regarding your question specifically, I guess the same rules apply here as to usual memory sticks. Dust is not very dangerous to them, unlike high and low temperatures as well as fast transitions between such temperatures. Apart from that, these devices should be considered as expendables anyway as has been explained in the thread, i.e. they should not be used for long term storage

[nvK]

New N.O.D.E video of Opendime V2 https://www.youtube.com/watch?v=1LrKLsZYGjQ

[nvK]

Some user performed stress tests to Opendime.

Freeze, Bake  and Washer Tumbling.

https://twitter.com/bois_i/status/876081639759261696

https://twitter.com/bois_i/status/876129830827425792

https://twitter.com/bois_i/status/876701904830595072

[posternat]

So, you are creating a coin and a blockchain where only the software itself has the private keys, assuming that the devs have not given themselves access.  It is one thing when an online wallet or exchange gets stupid about controlling the keys to your wallets, but what you are talking about is zero control, zero failure fallback and an outright Skynet wallet that will not take over the world, just simply not give you any control.

[jennywhzz]

So, you are creating a coin and a blockchain where only the software itself has the private keys, assuming that the devs have not given themselves access.  It is one thing when an online wallet or exchange gets stupid about controlling the keys to your wallets, but what you are talking about is zero control, zero failure fallback and an outright Skynet wallet that will not take over the world, just simply not give you any control.

Decentralized means just that, the users, the wallets and the people have the control, not a USB stick. I do not see anything wrong with that setup. If used carefully, i think it is worth it.

[deisik]

So, you are creating a coin and a blockchain where only the software itself has the private keys, assuming that the devs have not given themselves access.  It is one thing when an online wallet or exchange gets stupid about controlling the keys to your wallets, but what you are talking about is zero control, zero failure fallback and an outright Skynet wallet that will not take over the world, just simply not give you any control.

Isn't that exactly how Bitcoin network itself operates?

In fact, if you made this post in some other thread (discussing Bitcoin in general), I would have thought that you are asking not about a certain device like OpenDime but about Bitcoin and decentralized currencies as such. With Bitcoin it is exactly like that, no single individual or group of individuals is given or has taken complete control over the coin, so it could be loosely claimed that software itself is having all the control. Though I don't know if it has anything to do with SkyNet

[Mitchell]

So, you are creating a coin and a blockchain where only the software itself has the private keys, assuming that the devs have not given themselves access.  It is one thing when an online wallet or exchange gets stupid about controlling the keys to your wallets, but what you are talking about is zero control, zero failure fallback and an outright Skynet wallet that will not take over the world, just simply not give you any control.

I'm sorry posternat, but what are you talking about? This is not some kind of Altcoin project nor is a new coin or blockchain being created. This is a Bitcoin Hardware "Wallet" that generates a private key when it's inserted for first time into a computer, which means that the creators do not have access to it as it's generated on your computer. Yes, if you lose your OPENDIME, you lose your Bitcoins, so just keep it in a safe place.

[OmegaStarScream]

I came across this and I must say, It definitely looks interesting. I have some concerns though:

1. If the USB stops working? I will lose everything or there is a way to recover?
2. Is it possible to sign addresses directly (without importing the private keys somewhere else)? If yes, the wallet must be sealed or not?
3. If unsealed, the private keys become directly visible on the first page or a button must be clicked?
4. I kinda know the answer, but just to confirm, If OpenDime goes down or something, I'm good since everything is on the device, right?

[OmegaStarScream]

Even though I didn't get answers for my questions, I ordered the product anyway with hesitation.
The support was online I believe because I got an instance answer. I asked them for a refund and they told me It just got picked up and I was provided by a tracking number (I'm not sure what are the chances that the product actually got shipped when I asked for a refund). I checked easypost with the tracking code I was given, the results are "Unknown" and "No Estimated Delivery Date" since I ordered the product. I asked the support and they said It should get updated in a few hours, It's being three days and nothing yet.

I'm not really accusing anyone of anything but is possible that the item didn't even get shipped yet and I have been given a fake tracking number just because I asked for a refund? I have no doubts that I will eventually get the product as OpenDime and Coinkite are reputable companies but If the item didn't get shipped, I'd prefer a refund instead of waiting more.

[alexrossi]

1. If the USB stops working? I will lose everything or there is a way to recover?

You will lose everything, no way to recover

4. I kinda know the answer, but just to confirm, If OpenDime goes down or something, I'm good since everything is on the device, right?

Correct. You own a sealed Bitcoin private key

[peterpanda]

It is a great idea that people transfer private key instead of transfer bitcoin.
But
For a throwaway wallet, it is just too expensive. The wallet it self would take a great part of the value it transfered.

Have you consideing of replace the chip with much cheap ones.
I think atmegaA8 or similar MCU can do the private and public key generation jobs quite well.
And the cost of final product might be reduce to about 1-2 dollars.

[tongokongo]

Yes, the idea is great, now the project need to be much cheaper and have more marketing. I consider buying, except that there is no option to do that currently As I would love to make a video about it...  I will wait as there is no-one reselling it in my country.

[Femhab]

I do not understand the logic of making a customer start to place an order before price can be seen

Opendime is not a direct competitor to Ledger, is meat for a completely different use. In this model, no user knows the private key! So it's less of a wallet and more of a bearer bond.

With Postal Mail shipping to US total cost is...

Our bitcoin shopping cart is almost ready, we've been taking orders via orders@opendime.com for Bitcoin. We've sold a lot in bulk to resellers too, which will likely sell in brick and mortar "retail near you" with no shipping cost. We are looking for a better carrier deal, but this product is not paper thin like ledger so it is not as cheap to ship.


@BitcoinNewsMagazine I would strongly suggest you take a close look at our FAQ and other material on https://opendime.com, a lot to be learned there.

Sorry no interest here in OpenDime. I do have some experience marketing and selling on the web, just pointing out that your potential customers want to see the price up front and pay with bitcoin. You probably have lost customers by not making the web site clearer and incorporating bitcoin payments from the start. Good luck with your project.

How many weeks to the second batch?