Post
Topic
Board Goods
Re: Press Release: New Physical Bitcoin Goes on Sale January 2 at AlitinMint.com
by
GhostGum
on 27/01/2014, 15:37:54 UTC
Hmm, this does look and sound like well designed products.
I do have a few issues/questions that I have misgivings about though.

*I'd like to hear some more info and opinions on the security of the engraved privkey, and also the results of attempts to read privkey off the coin rim without breaking the seal.
    Couple simple tests i can think of:  
    Bouncing various ultrasonic/electromagnetic/light frequencies  off the coin edge at various angles (and temperatures) to see if can get a readable image through the shielding material.
    Reading magnetism/diamagnetism around the coin edge (would a hdd head pickup anything for example?)
    Physically deforming the plastic or shielding itself to read past it.

* The provided info here and on the website is lacking a lot of important information such as; any real technical details, any external references or info to backup the claims of  compliance with  regulations and licensing (as a money transmitter). So all were given to go on is their word. Being a highly skilled professional gynecologist myself, I'm often telling clients that they can trust me when i say I'm qualified.

* Nowhere have a found mention of what country they are located-in/shipping-from, nor a single mention of international shipping info.
   [rant] I'm able to deduce that they are located in USA by using my advanced knowledge of international geographic locations to recognize some of the names given at ( https://www.alitinmint.com/alitinmint/Home/About )
    And also by the fact that they don't seem to comprehend the Internet is worldwide (sorry), so advertising a product on the internet without providing this important country/shipping infomation is incompetent a best.
   Even slightly insulting that they did not even consider how seriously annoying it is for anyone (except own countrymen i guess), wasting a lot of my time.
   That said, USA is not the only culprit of failing to consider anyone past thier own patriotic ignorance, failing to provide required details on website (though by far the worst offender i'd say). I have seen sites from my home country and other international companies websites fail to clearly show locations and shipping info, though rarely have I been abl to find the locations country at all and any international shipping information  at all. [/rant]

So while the coin looks great astheticly, and the security could be acceptable if done correctly, theres no actual technical details provided to even speculate on security of physical coin, theres no references to prove any trust in the company and its claims at all, and whilst i dont care for reculatons complience and liscencing so much, i do care about the security of the key at manufacture, do they have a database with all the private keys on the coins whcih they will steal when it suits them? Wll the lackingl details and narrowminded incompetencies of the website don't seem very preffesional, and that says a lot more than a pretty coin and plastic case does to me.
The coin/case does look very well designed and thoughtout though, i'd prolly still pickup one myself,  just to test myself which would likely end in breaking it open and transfering coins out for sience (or  for security if needed).


well, that's just my ignorant observations, speculation, slander and complaints anyway, i'd not believe a word of it if myself.