Context:
If I can buy a ring of bitcoin, and propose to my girlfriend with it, then bitcoin is like gold. If I can't, then your argument fails.
I wonder if I can embed a private key inside a ring. Then it really would be a ring of bitcoin.
The ring can be the private key
. Just arrange materials in slots. For example, one can divide the ring into 12 slots, 3 checksum slots, and 1 redundency slot. Each slot can contain:
- Hex 0: nothing (just round)
- Hex 1: Purple gem
- Hex 2: Blue gem
- Hex 3: Green gem
- Hex 4: Yellow gem
- Hex 5: Orange gem
- Hex 6: Red gem
- Hex 7: Gold bar
- Hex 8: Silver bar
- Hex 9: Wooden piece
- Hex A: Graphite piece
- Hex B: Diamond piece
- Hex C: Rock piece
- Hex D: Inscription "vires en numeris"
- Hex E: Aluminum plating
- Hex F: thin tube of ring material
With the exception of the redundency slot, which is a 4x12 box of elevated/non-elevated ring material.
Then SHA256 the resulting data if the checksum computes. Otherwise, use the redundency slot because the ring must be damaged.
On a more serious note, it would be cool if everyday objects could be made to include bitcoin private keys/addresses. Think of the applications of that! "Pay 0.1 BTC to address to play slots". Or, "Buy this table for 500 BTC, and get back a private key with 50 untouched BTC!". Etc.
