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Author Topic: How feasible is it to bury crypto assets in hidden locations  (Read 33 times)
Ucy
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February 14, 2020, 04:47:24 AM
Last edit: February 14, 2020, 05:26:22 AM by Ucy
 #1

Example:
- Put valuable assets in "unbreakable" containers that can only be open with Bitcoin/crypto private keys.

 - Get them buried randomly in hidden locations

- Tag them with RFID, GPS or/and use some natural or artificial beacon

— Buyers go through the online list of available assets buried & hidden at the locations of their choices. *The list should be public for the sake of transparency & the law of land.

- owners sell to buyers who verify they exist as described, and are also legal assets
. *Escrow could be used here.

- the buyers leave the sellers positive/negative ratings, depending on their mutual contracts and quality of the assets

- Only the owners know where the assets are buried and only them can access the assets with their private keys

- the assets is reburied in another random location by the owners or taken home.

✴The soil properly covered to avoid erosion or something. otherwise buyers that leave them uncovered get some negative rating.


This's closely similar to Treasure hunting, I guess.



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February 14, 2020, 05:21:03 AM
Last edit: February 14, 2020, 05:40:41 AM by Ucy
 #2

The assets should probably be unmovable in their underground locations if necessary.. maybe chained, or something?
Only their owners should be able to unlock and move them with their private keys.


Note:   If the "unbreakable" container adds to the cost of the assets, the buyer can agree to take only the asset & leave the container for the seller. Once the seller verify that the container is there, he/she confirms it and part of the escrowed fund(the container cost) is returned to the asset buyer.



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February 14, 2020, 09:37:05 AM
 #3

I love the idea . Something similar is being discussed in this topic - geocaching involving bitcoin

https://bitcointalk.org/index.php?topic=5216753.0

I think it would be pretty difficult to organise and for it to remain honest , just as a fun activity it would be great , but as soon as the project involves actual bitcoin addresses , it would be very open to illegitimate activity .
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February 14, 2020, 12:25:04 PM
 #4

It is really a good idea that if Bitcoin's Man will grow a lot  if buyers have a positive idea based on their mutual agreement and the quality of the asset  it will increase Bitcoin Man but I think it is very difficult to bury crypto assets in hiding. We all need to change the view so that no one will want to adapt it easily.

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February 15, 2020, 01:47:43 PM
 #5

Sounds cool like a modern day treasure hunt...what happened to that Satoshi's secret hunt?

EYE




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