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Showing 2 of 2 results by gicag24793
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Topic
Board Bitcoin Discussion
Re: BTC Offline Layer
by
gicag24793
on 04/07/2025, 04:05:27 UTC
I’m working on a Bitcoin project designed for people in remote, hyperinflation-affected communities who lack access to banks, internet, or the knowledge to self-custody BTC. The solution is a tamper-evident, pre-funded paper certificate secured by a 2-of-2 multisig wallet. One private key is hidden inside the physical certificate; the second key is generated by a foundation or trusted entity and also securely MyCardStatement embedded within the same certificate. A public Bitcoin address—derived from both keys—is printed on the outside, allowing anyone to verify its on-chain balance. BTC is sent to this address by either the certificate issuer or the foundation. This makes Bitcoin usable as an offline, cash-like medium of exchange while remaining secure and trust-minimized. I’m currently looking feedback.


This pre-funded, tamper-evident Bitcoin paper certificate secured by a 2-of-2 multisig wallet is an innovative solution for unbanked, off-grid communities, offering offline, cash-like usability and on-chain verifiability. Key strengths include addressing a real need, trust-minimized security, and pre-funding for easy adoption. However, critical challenges lie in devising robust key recovery for lost certificates, establishing practical and accessible methods for users to spend or redeem the BTC without internet or technical knowledge (likely via trusted local agents), and ensuring the tamper-evident features and key hiding mechanisms are truly secure against sophisticated attacks.

Post
Topic
Board Bitcoin Discussion
Re: What is proof of state hashes?
by
gicag24793
on 03/07/2025, 10:41:27 UTC
I started using bitcoin for proof of state hashes in 2012. Using it to store value was not my first use case. I would store legal diligence proofs as hashes. Forking it before you have the protocol to actually achieve it in place is probably not a good idea.



That’s a fascinating use of Bitcoin—leveraging the blockchain for timestamping legal diligence proofs is a prime example of creatively repurposing the technology beyond its initial monetary intent. You were way ahead of the curve, especially considering that the idea of blockchain as a tool for verifiable data integrity didn't enter mainstream discourse until later.
Forking without a fully thought-out protocol definitely poses risks. You’re essentially spinning up a new ecosystem with expectations but no reliable infrastructure to fulfill them. It’s like building the scaffolding for a skyscraper without an actual blueprint for the building. You might have consensus mechanics, but without clear governance or utility, it could lead to fragmentation or undermine the credibility of the fork itself.
Out of curiosity, have you explored other blockchain platforms since then—like Ethereum for smart contracts or more recent ones geared toward decentralized storage or computation?