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OpenDime and Physical Bitcoin
This topic doesn't come up often but I think it is important. Truly Private transactions can happen off the bitcoin network. The biggest issue is trusting someone to give/sell/gift a paper wallet, a physical coin, hardware wallet, etc. all require that the person providing the BTC does not have a copy of the Private Key/Seed words this can make it difficult because it reintroduces counterparty risk. OpenDime is one such solution which requires you to physically break the circuit in order to claim the private key and or transfer the bitcoin. What do you think about off-chain bitcoin transactions? submitted by /u/tapshit [link] [comments]
This topic doesn't come up often but I think it is important. Truly Private transactions can happen off the bitcoin network. The biggest issue is trusting someone to give/sell/gift a paper wallet, a physical coin, hardware wallet, etc. all require that the person providing the BTC does not have a copy of the Private Key/Seed words this can make it difficult because it reintroduces counterparty risk.
OpenDime is one such solution which requires you to physically break the circuit in order to claim the private key and or transfer the bitcoin.
What do you think about off-chain bitcoin transactions?
[link] [comments]
