Well, technically, unless it's DIY there definitely IS a counterparty risk, see yogg. You can never truly know.
A "legitimate physical bitcoin creator" shouldn't retain access, but exchanges also shouldn't do a lot of things. Also even "legitimate" creator can make mistakes - there are lot of examples of address and key mismatches etc.
That said, hard agree. I think physical bitcoin is very much underappreciated. Like if you want to gift someone bitcoin, something like Satori chip is IMHO excellent form - there are tons of people that were given bitcoin and just lost the info, scribbled somewhere. Added value could be something gold/silver (I just love precious metals...) - even someone who doesn't understand/believe bitcoin is pretty likely to carefully guard something like that.
Akuma_さん、私のエッセイを日本語に翻訳していただき、ありがとうございます!私のアイデア、考え、ガイドがローカルフォーラムのセクションで共有され、より多くのユーザーがその恩恵を受けることができるのは、私にとって大変光栄です。
オンライン交換システムにおける評判に関するこの投稿は、一般的な行動規範であり、日常生活にも当てはまります。しかし、オンラインにおいては、それはさらに重要です。だからこそ、フォーラムの例を挙げました。良い評判を築き、他者の信頼を得るのは容易ではなく、その評判も一瞬で完全に失われる可能性があるのです。ご存知ない方のために、フォーラムで高い評価を得ていたyoggさんに何が起こったかを見てください。彼は大きなミスを犯し、わずか1秒も経たないうちに評判を完全に失ってしまいました。彼の信頼スコアは、突如として-42になってしまったのです。
正直で、フレンドリーで、約束を守る!それだけで良い評判を得られる。言うのは簡単だけど、実行するのはとても難しい。
今後のご活躍をお祈りいたします!
I absolutely love this orange capsule design; it perfectly embodies the spirit of Bitcoin holer, I have two questions.
How can I ensure the input UTXO won't be double-spent or invalidated by the issuer before the unlock date in 2050?
Since the transaction fee is hardcoded now, what happens if the pre-set miner fee is insufficient to be confirmed by the network in 2050? Is RBF or CPFP supported
Great questions all around again.
How can I ensure the input UTXO won't be double-spent or invalidated by the issuer before the unlock date in 2050?
You cannot ensure that the issuer will not sweep your funds. Just like any physical bitcoin creator, TRUST is everything. If its something that you cannot live with in the back of your head then I would not recommend buying from me at all. Or from anyone else for that matter. I can be the biggest scammer to come your way since Yogg right? You can never know. You either trust or you don't. I am in the same boat when I buy collectables and have such high value like Bitbills and Cas items that if it was not for me to trust those makers then I would not be hodling them.
So no matter how I tell you to check my reputation and all that good stuff, its really up to you. If you don't then do not buy period...you will sleep better.
Since the transaction fee is hardcoded now, what happens if the pre-set miner fee is insufficient to be confirmed by the network in 2050? Is RBF or CPFP supported
Yes it is RBF supported. The miners fee I set now is over at $1 and sometimes higher depending on the UTXO size. I am sure that $1 amount in SATS will be worth much much more in the future and will be more than enough for the TX.
So....We have had timelock collectables thru the years but not one good website is out there to really decode and tell you if the transaction is still valid or not.
Think of what Yogg did and you will understand why I wanted to make one for us collectors.
So I have asked Hybridsole (
genius) to revamp my
www.hodlpills.com and
www.bitcoinpills.com website.
As I am so passionate and fascinatedf about timelocks and I asked him to also create a bitcoin transaction decoder
where all a person has to do is paste or use the camera feature (yes a camera) and then decode. For the technical person it will decode BUT also for the non technical
person it will show you if your TIMELOCK is still valid or not as you can see from the pics below.
0200000000010197478458771cab1332602ca150bc5f8d0ccdf6281f7b3d28dd43868dea15bd0b0000000000fdffffff01a226000000000000160014674f0012f39926910489078a9a987463d6ced8f202473044022021173e4bd7b82ebd4dca2881928aba75788a7024508b3fc5b0374733e54ea4ac02200f211baa11752ce5b6a42eee727c80b684213491fb48d94db30974b3cc3dffa501210364f9897d4664df90ff6d6b721011f0579dad9f540021818a0f23485c5be4c50d519d86f4
The left is a timelock with underlaying funds intact...the right one is with underalying funds swept...exactly what YOGG did.