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  3. I may never understand crypto-folk

I may never understand crypto-folk

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cryptography
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  • K Offline
    K Offline
    Kent Sharkey
    wrote on last edited by
    #1

    Their latest innovation - paper money! [Offline Cash](https://www.offline.cash/) Including this bafflegab:

    Quote:

    The Bitcoin Note uses a multisig that combines a local encrypted key with a private key that you generate. The stored Bitcoin is only claimable when the holder cuts the note. If you receive a note that you want to keep in cold storage, you can re-key it from entropy you generate. After expiration only the locally stored user generated private key can access the funds.

    TTFN - Kent

    N T D 3 Replies Last reply
    0
    • K Kent Sharkey

      Their latest innovation - paper money! [Offline Cash](https://www.offline.cash/) Including this bafflegab:

      Quote:

      The Bitcoin Note uses a multisig that combines a local encrypted key with a private key that you generate. The stored Bitcoin is only claimable when the holder cuts the note. If you receive a note that you want to keep in cold storage, you can re-key it from entropy you generate. After expiration only the locally stored user generated private key can access the funds.

      TTFN - Kent

      N Offline
      N Offline
      Nelek
      wrote on last edited by
      #2

      I suppose that this is their way of saying "look we have notes too... we do are a normal currency not just a speculative game" And I wonder how many people is going to be blocked out of their funds once they start to doing that.

      M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.

      1 Reply Last reply
      0
      • K Kent Sharkey

        Their latest innovation - paper money! [Offline Cash](https://www.offline.cash/) Including this bafflegab:

        Quote:

        The Bitcoin Note uses a multisig that combines a local encrypted key with a private key that you generate. The stored Bitcoin is only claimable when the holder cuts the note. If you receive a note that you want to keep in cold storage, you can re-key it from entropy you generate. After expiration only the locally stored user generated private key can access the funds.

        TTFN - Kent

        T Offline
        T Offline
        theoldfool
        wrote on last edited by
        #3

        Simple to understand, similar to Las Vegas casinos. Enter, donate, go home broke.

        >64 Some days the dragon wins. Suck it up.

        1 Reply Last reply
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        • K Kent Sharkey

          Their latest innovation - paper money! [Offline Cash](https://www.offline.cash/) Including this bafflegab:

          Quote:

          The Bitcoin Note uses a multisig that combines a local encrypted key with a private key that you generate. The stored Bitcoin is only claimable when the holder cuts the note. If you receive a note that you want to keep in cold storage, you can re-key it from entropy you generate. After expiration only the locally stored user generated private key can access the funds.

          TTFN - Kent

          D Offline
          D Offline
          Dan Neely
          wrote on last edited by
          #4

          Every time I think we've GOTTEN to peak Dunning-Krugerrand they have to go and do something else.

          Did you ever see history portrayed as an old man with a wise brow and pulseless heart, weighing all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius

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