Post
Topic
Board Collectibles
Re: [IDEA] Removing trust from physical coin makers re: Priv Key generation
by
smoothie
on 14/01/2023, 23:08:53 UTC
Thank you,

Either this, or the customer DIY collectible route (or doing literally everything).

Part of me would like to see this 'as a service'. Which would have logistical and practical issues (shipping, stickers, etc).
Am a small fry, but would be nice to focus on (silver)work instead of doing everything.

Clay

The "not doing" everything route assumes you trust all of the other parties.

I'm assuming you are speaking as a coin maker?


Yes, as a maker. No coins though; handmade (funded / unfunded) silver objects.

The trust would be towards the other parties (as a service).

Oh okay I see.

Personally I would not be in favor of making it a service for other coin makers unless they were directly involved with assisting with the key generation process I was involved in for a multisig coin. There may be a market for this, not something I would likely get involved with personally.

Having skin in the game may make people less willing to scam.

A scammer would have to convince one of the other two parties to scam with them in order to be successful.

The 'service' would consist of two or three parties like you suggested.
It's like asking Ballet to make the keys for your coins (believe they do BIP38 with two different entities under the Ballet umbrella).

yes I follow you 100%.

I would just not be in favor of selling it as a service (personally for myself being involved in such an endeavor) if the parties I'm making multi-sig keys with would be selling it as a service to another coin maker that is not directly involved with being part of the key gen process.

There might be a market out there for it and perhaps others who would likely go along with making such a service available.

Personally not for me.


I'm not familiar with Ballet's key gen process but if the same entity (under the same umbrella) is making 2FA or multisig coin keys, I'm not sure how that works to speak on the matter with any accuracy.

Seems like a conflict if two parties associated with the same entity are making all parts of the overall key that allows redemption of funds and selling it as a 2FA key or multi-sig coin.

I can't speak on Ballet's process as I'm too uninformed to make any judgements.