Nearly every day I read an article about crypto currency stollen from somewhere. I think there will be huge business around offline wallets. What I'm thinking about, to create a plastic scratch card, which contains a private key QR code under a scratch able place, which you can free up when you want to use your crypto currency.
Why this good ?
*image source: www.buybitcoinworldwide.com/img/goodicons/wallet2.png
Because if you store the key offline, you can bring it to anywhere where you want to take.
Because it small factor, it can be put to your purse.
For saving, you can easily transfer money to it. A save which only accept deposit.
This is far better than physical safes, because you can check it from everywhere, and you can put inside more amount from anywhere, but you can put it on a safe physical place where no one able to access it.
When you need to transfer from one physical location to another, than it is only one card, and able to hold unlimited amount!
This is why this far better than physical gold!
https://www.rt.com/business/400063-bitcoin-blockchain-gold-trading/
And it is in safe until you don't want to use it!
I have plans to create these offline wallets available, with audited factory process, which can make more trust for wallets.
After a properly audited manufacturing procedure, it can be also used for Stock exchanges, to move their assets to these offline wallets as physical saving, which make them immune for break in. They can freeze the long term investments to these offline wallets, which makes them a trusted store, like a Bank for money.
Until the Quantum computers age start this will be a good solution store safely the crypto currencies which we have on our accounts.
After we have quantum computer safe crypto currencies, than these wallets will be much more safe.
Thanks for the informations , @cuttie1979 !
Great job !
There's only one way to go about security when it comes to bitcoin and that is to keep your private keys to yourself, and only yourself.
This is why I want a closed audited procedure, which delete the private key after successful printout.
The only secure procedure is to keep it to yourself. No audited procedure beats that.
Wow what a info...thanks
As good and innovative as this may appear, hope it will be for a long term purpose?
Keeping private keys private is safe.
Great creative idea.
Please try to keep idea of this magnitude private next time
perfect ... good joob brother
Just make sure it's scratch resistant. Nice idea!
Hello there!
My name is Natalia and I’m a community manager of the TravelChain project.
Our team really like your blog about crypto, bitcoin, money, tourism and your opinions about that. I really admire all the efforts you put into making such an amazing and unique content! I would be happy if we could work together.
The thing is, right now I'm looking for enthusiasts who will share the same interest in blockchain startups as we do. We're creating our decentralized travel database on our OWN BLOCKCHAIN. There are a lot of things I can tell you about our project, team and what we’ve already achieved. You can find the information by this link: https://bitcointalk.org/index.php?topic=2364466
In addition, if you will be interested in our project, I would like to talk about cooperation in our bounty campaign (of course, with reward).
I hope to hear back from you soon!
thanks for info.
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I really agree if there is an offline crpto storage tool
I look forward to this great innovation