Bitcoin is NOT born for Physical Coin Creation.
I'd love to own a physical bitcoin in gold or any other metal, but it's just not real, because the real bitcoin only exist in computer memory.
The real bitcoin exists nowhere. There is no such thing as "bitcoins". There is only a big list of transactions, from which we can derive what number (i.e. amount, balance) is associated with a specific address. We interpret this as "the address has x bitcoins" but this is a purely abstract concept. Bitcoins exist neither physical nor digital.I'd love to own a physical bitcoin in gold or any other metal, but it's just not real, because the real bitcoin only exist in computer memory.
All this being said is there a way for 2 people to create a wallet and private key - one person knows the private key - the other knows the password? The person with the private key can't import to wallet due to it being password protected - the person with password can't import the private key in to their wallet without spoiling the integrity of a coin.
This way I can achieve what I am trying to do
Yeah, just get a laser engraver (or build one- not so hard) premake all your coins but wait to stick the hologram on, let people take orders and submit their own encrypted private key, and custom engrave every coin you make, stick on the hologram, and bingo it's done.
This still would not achieve the goal though.
If people submit there own private key - encrypted or not - they would have access to this key and the coin would simply be redundant as they could redeem the BTC without removing the hologram.
I want it so that the only way for anyone to redeem the funds would be by removing the hologram as there would be no other way. All I want is a way that it would not be possible for me to redeem the funds by having a copy of the private key ( not that i would ). Basically giving the buyer added peace of mind.