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Question: Would you use a bitcoin-redeemable physical currency?
Probably - 33 (37.1%)
Probably not - 27 (30.3%)
Depends on the implementation - 29 (32.6%)
Total Voters: 89

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Author Topic: Physical bitcoins, take 4  (Read 10414 times)
Ian Maxwell
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April 25, 2011, 03:41:20 AM
 #61

So Bruce, did you ever get those samples? Were they samples of bitcoin notes or only of the paper they might be printed on?

Ian Maxwell
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Bruce Wagner
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August 09, 2011, 08:37:09 PM
 #62

They sent me samples of security paper.

I am still thinking of printing paper bitcoin.....   But simply......    Public and Private Key Pairs.... on paper.....   for offline Bitcoin dry storage.

Mjbmonetarymetals
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August 09, 2011, 09:46:25 PM
 #63

 Grin
willphase
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August 09, 2011, 10:24:14 PM
 #64

problem with any central bank issuing paper bitcoins is the trust that the bank is actually securely deleting/forgetting the private keys when they issue you currency.  For this to work there would have to be trust, beyond that it's easy for anyone to print a private key on a piece of paper.  In fact, I gave a friend of mine a bitcoin on paper exactly this way (here)...

Not sure why this thread was necroed btw...

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August 09, 2011, 10:28:15 PM
 #65

They sent me samples of security paper.

I am still thinking of printing paper bitcoin.....   But simply......    Public and Private Key Pairs.... on paper.....   for offline Bitcoin dry storage.
+1
Just print a private key as a "redeem code" and use the public key as the address where to send the coins. Simple and easy yet elegant.
Would be perfect if dialogs (generate/print private key and redeem) were added to the official client.
See also https://bitcointalk.org/index.php?topic=35905.0
Once there is a bounty site we can create/join such a proposal. Hopefully we can convince the devs to add this.
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August 09, 2011, 11:08:55 PM
 #66

I plan on starting a digital voucher system backed by bitcoins
suitable for both online and offline usage in the very near future.

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