Bitcoin GEOCACHE in Iceland FREE money!! GAME CONCLUDED

[RodeoX]

GAME STATUS: This game is still on! However read page 4. It may be gone from it's spot!
Main Treasure Unclaimed .1BTC
Main Treasure proof Photo unclaimed .01BTC
Hangman mini-game claimed .01BTC
Online photo hunt Claimed .01BTC
Simple goole skils question Claimed.01BTC
Time hidden:     330 days as of November 27, 2017
BTC found:            .04BTC
BTC still hidden:    .10 (Now worth $967.95! Over 11 times the original value!)




Ok. I have placed a .1 BTC paper wallet in Iceland last week and I will be putting clues in this thread about it’s location. Iceland is going through changes in it’s banking laws right now after a major overreaction to the 2008 crash. They are loosening laws regarding foreign currencies and I wanted to present bitcoin as a positive for their country and persuade them to treat BTC likewise. Since they have cheap geo-thermal energy and cold weather, they are in a great position to host mines and like any tourist destination it can be a plus for that sector as well. This was all new to the bank people I talked with, but let’s see how it goes and show them some love.

Here is the public address on the paper wallet. You can follow the action when the money moves. In the spirit of bitcoin, there will be few rules and anyone can play. You can even take it never tell a soul. But there is another .01 deposit if you send me a picture. Feel free to share your analysis, spoilers, or go get it yourself.

https://blockchain.info/address/1E481Lk1L1hSb9ZsJu3Smcqtg6tKpVmKcq


Here are pictures of the cache and a copy of the note inside. I will show a wider view tomorrow of it’s location and give more clues as we go. “Winter is coming” so let the games begin!

Congratulations! You have just found real money!

The object in this cache contains the cryptographic keys needed to spend 0.1 bitcoin, currently worth about 6600 ISK. If you are not familiar with bitcoin, then you have made another valuable discovery today! You can spend this money at tens of thousands of locations online and around the world. Or sell your bitcoin to a growing community of millions of users at an online exchange.

Best of all, there are no strings attached. I am giving away my own money because I thought it would be an interesting and fun project to geocache some bitcoin. I would like it if you sent me an email telling of how you found this paper wallet. You don’t have to identify yourself, but it would be cool to follow along on your adventure under whatever name you chose. And if you send a photo of the paper wallet as proof of your find, I will deposit another 0.01 bitcoin into any bitcoin wallet you chose. I also ask that you not divulge my email, as it is one of the things that only you know and that proves your find.

What do I do with this thing?
First, remember that the paper wallet has a hidden “private key” that should NEVER BE SHOWN TO ANYONE!!!!! Exposing the QR code and/or the string of characters hidden inside gives a viewer everything needed to move your bitcoin to another wallet.

You can use the “public address,” printed on the front, to check the balance on this wallet by scanning the associated QR code or entering the characters manually at a website like blockchain.info.  Once you have set up a wallet of your own, you should import the hidden private key and spend/give/save/sell your money as you wish.

You and I posses the only two copies of the private keys for this wallet. If by 2018 no one has sent me photographic proof and the funds have not been moved, then I will assume that the paper wallet was lost. I will then move the bitcoin to another paper wallet and hide it somewhere else on earth. If I do receive email proof or if the money is moved, which is also proof someone found the wallet, I will delete my copy of the private key and leave you as the sole owner. That means if you loose your paper wallet, nobody can recover your money. Just like loosing paper money.

Learn more at bitcoin.org

[tmfp]

Excellent!

Are you gonna pop in to Verne Global while you're there?

[DeathAngel]

Very nice gesture for sure, I hope somebody finds it. I don't think I'll be heading over to Iceland myself in search any time soon though

The only time I plan to go that part of the world is to see the Northern Lights one day.

[Kprawn]

Damn, I like treasure hunts and wanted to do something similar, but on a bigger scale to attract a lot of attention, but I could not get enough funding

to do it. I was hoping to get donations from Bitcoin companies, but they are not very keen to sponsor something that they do not have control over. I

started something smaller on BitBiz.io and it was very popular at the time.   Good luck to all...

[mobnepal]

I really like the idea of hiding bitcoin private key with geocaching, and combining this with the promotion of the sites or bitcoin related service even may have great impact. And i think this is also good idea to increase peoples knowledge towards bitcoin. However i can't come Iceland to search that bitcoin as it will cost me more than the reward amount to be there. 

[RodeoX]

The wallet has now been funded!



@tmfp
I did not have time to meet with them, but I did see the place passing by. I chose instead to talk with bankers, government, and merchants with what little time I had.

There are a lot of fun ways to do this that I may try in the future. Maybe a system that allows you "buy" clues if you send to the receiving address? That way the kitty keeps growing and the reward becomes bigger. Or a series of small wallets with clues to a bigger treasure. Or a crowd source treasure hunt with small rewards and one bigger one. There really are a lot of cool games we could play.

Stay tuned for more clues tomorrow. Although for all I know someone will see this and say "I know where that is"!

 

[OROBTC]

...

The only other thing that you might have included would have been a note in Icelandic (I do understand that many people in Iceland already speak English).

Still, that's a wonderful idea to increase interest in BTC and doing a little extra to increase tourism to Iceland.

Bravo!

[RodeoX]

Today's clue.



Þessi mynd sýnir veskið áður en klettur var lögð yfir það.


@OROBTC
I thought about it but found that google translate was just not good enough to get into cryptography. 

[Kprawn]

That looks like some sort of chain, possibly connected to a anchor.. so I guess it's somewhere in a harbour.  ... It's also very rusted, so it could

also be a shipwreck of some kind. If this was in my country, that chain would have been collected and sold for scrap metal. I just love this kind

of thing, and it's a pity other people cannot participate, if they not in the area. We should port this to a mobile App, like PokemonGo  ..then more

people can take part. 

[RodeoX]

Here is a close up of the wallet.




@Kprawn
Nice job applying a little logic!

[tmfp]

That looks like some sort of chain, possibly connected to a anchor.. so I guess it's somewhere in a harbour. 

Yup, that narrows it down.....
 

[The Sceptical Chymist]

That's awesome.  I don't geocache myself, but it seems a very cool thing to do.  Another thing technology has facilitated.

I'm nowhere near Iceland,  so it's not gonna be me who claims it either. 

[BiTZeD]

Bery nice and idea and gesture. If someday I ever go to Iceland, I'll for sure spend some time to try to find it ...

[Slark]

This type of game/promotional event should be more propagated all around the world. It seems like a great way to promote bitcoin and rise awareness about cryptocurrencies.
Plus, people love social games like this. The only problem is founding this project - I doubt there will be many people willing to gift their own BTC for the purpose of the game.

[RodeoX]

Today’s clue: Lets play hangman! What town/city in Iceland were the pictures in this thread taken?
Post a single letter as a guess and I’ll fill in the correct guesses. Incorrect answers will turn the names of body parts red. When all names are red the clue is ended. Note that the Icelandic alphabet will be used.
First person to post the name of the place where this chained rock is located will receive .01BTC to the address of their choice. I am working today, so I’ll update as often as I can.


HEAD
NECK
TORSO
ARMS
LEGS
JUNK



_ _ _ _ A _ _ _

AmDD with the first correct letter   A

Dinki with an incorrect letter   C

twicezeroiszero has correctly guessed the city of Keflavík! I'm PM-ing him for an address to send his prize.

[AmDD]

The letter A.

[Dinki]

I chose the letter C

Icelandic has two Cs in it 

[tmfp]

I chose the letter C

Icelandic has two Cs in it 

But their alphabet doesn't have any 

Note that the Icelandic alphabet will be used. 

[twicezeroiszero]

My answer Keflavik. Do I get a bonus for fast answer 

[Jeremycoin]

This is actually a good idea for people to suddenly know about Bitcoin, because usually if we find a good thing all of a sudden we will definitely continue to remember it. I believe the people who would find it surely will remember this thing all his life, because it's just like finding a treasure.