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Author Topic: Physical bitcoins can get stolen...  (Read 7738 times)
casascius
Mike Caldwell
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July 11, 2012, 07:28:57 PM
 #21

I am thinking of leaving signs in public restrooms that say: "If this restroom needs attention, please scan this code".  The QR code would lead to meatspin.  Just kidding.  But honestly, I would be willing to bet that not many, and likely none at all, would get redeemed out of the general public.  Now in an environment with a high concentration of tech skills (e.g. DefCon) I could see a serious percentage of interest getting redeemed.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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mccorvic
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July 11, 2012, 07:41:08 PM
 #22

I am thinking of leaving signs in public restrooms that say: "If this restroom needs attention, please scan this code".  The QR code would lead to meatspin.  Just kidding.  But honestly, I would be willing to bet that not many, and likely none at all, would get redeemed out of the general public.  Now in an environment with a high concentration of tech skills (e.g. DefCon) I could see a serious percentage of interest getting redeemed.

I wouldn't think that too many in general meat space would get picked up, but would still be interesting to see the numbers.  It'd be really cool to see what would happen if there was some sort of nation-wide effort to drop these addresses to see the differences between regions on usage!  The data would be wonderful!

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July 11, 2012, 10:52:41 PM
 #23

This is a problem I have with the physical bitcoins, if I leave them sitting around a burglar is probably gonna mistankingly take it cause it looks valuable even if he knows nothing about bitcoin.

If I had a private key printed on a piece of paper sitting on the desk the burglar wouldn't know it's value.

Still love the coins though.. Would be spewin' if they got nicked.
casascius
Mike Caldwell
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July 11, 2012, 11:14:45 PM
 #24

This is a problem I have with the physical bitcoins, if I leave them sitting around a burglar is probably gonna mistankingly take it cause it looks valuable even if he knows nothing about bitcoin.

If I had a private key printed on a piece of paper sitting on the desk the burglar wouldn't know it's value.

Still love the coins though.. Would be spewin' if they got nicked.

On the flip side, if you die, your family will know the bitcoins are valuable, but won't know the private key is valuable and might throw it in the garbage.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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