Coin
Forum
Coin
Shop
Coin
Wiki
Editing
Alitin Mint
(section)
Jump to navigation
Jump to search
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Security== Traditionally, bitcoin security has been entrusted to a circular hologram affixed to the back of a coin. While time-honored and very common, as bitcoins continue to escalate in price, coin enthusiasts are beginning to demand more robust security. Other purveyors of physical bitcoins have thought to resort to a third party verification system in order to retrieve bitcoins. While this sounds nice, third party trust is at a maximum in that the organization must remain solvent over time in order to protect the full value of the crypto-currency. We believe that most holders of physical bitcoins prefer to keep them in a cold storage manner. For those that are new to crypto-currency, this means that the public and private keys are "off the grid" and entirely un-hackable. The private key comes with the product so it will remain valuable forever. Some experts have predicted that someday bitcoins could be worth tens of thousands of dollars each. As the coin value increases, the security of the actual coin must be able to keep pace. Unfortunately, holograms alone will not withstand that challenge over time. Counterfeiting will be one of the main challenges. Our coins have been designed to be extremely difficult to counterfeit. Firstly, pure silver and gold bullion is much more difficult and expensive to replicate. It can be done, but for professional striking, it will be a long time before the cost to do so will be worthwhile to a crook. Secondly, numismatists rarely take most of the current physical bitcoins seriously because they are lacking a true obverse and reverse relief work on each side. Instead of presenting a coin with one side that is blank or flattened to accommodate a sticker, having two different sculpted works on a coin dramatically increases the difficulty of replication. Rather than relying on the sticker, our coins have a fully formed case made of shatter-proof acrylic with several security features implemented. First of all, in order to redeem the bitcoins, the case must be permanently infiltrated. Infiltrating the case will destroy it from further meaningful use. We recognize that there are some individuals that would like to hold the physical coin in hand, however doing so will obviously reduce the value of the coin in more ways than one. We recommend keeping the coins in the protective case to preserve the mint condition of the piece, similarly to other collectible numismatic works. With that said, even if a coin is taken from the protective case for live display, the private key is engraved small enough on the edge that casual examination of the coin, say as a conversation piece around a dinner table, would be a nearly impossible venue for stealing the embedded coins due to the unwieldy nature and size of the average private key. The coins produced by Alitin Mint are the only physical bitcoins in existence that are not defaced by redemption of the embedded bitcoins. This feature renders these coins much more valuable as collectibles. All of our coins are issued with a certificate of authentication with a tamperproof seal, and personally signed by Alitin administration. All certificates are protected by their own cipher system for validation purposes.
Summary:
Please note that all contributions to Coin Community Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Coin Community Wiki:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Navigation menu
Personal tools
Not logged in
Talk
Contributions
Create account
Log in
Namespaces
Page
Discussion
English
Views
Read
Edit
Edit source
View history
More
Search
Navigation
Main page
Recent changes
Random page
Sections
All Makers
All Releases
Tools
What links here
Related changes
Special pages
Page information