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3 sats \ 5 replies \ @fiatbad 10 Jun 2023 \ parent \ on: DarthCoin is looking for a padawan ! bitcoin
Imagine a small, coin-sized, steel plate with a 24-word seed phrase (private key).
Now imagine melting down an ounce of gold and encasing the steel coin inside a newly formed gold coin. Gold AND Bitcoin in one! Guard that shit with your life.
Damn, I'm really liking this idea. I don't own any gold, cuz it's dumb compared to Bitcoin. But I could see buying enough to do something like this one time.
Good idea, could use silver, copper, or some other metal that’s cheaper and with a lower melt temp than gold
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- Lower melt temp than steel
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Ok got it, I thought you were talking more about having a great hiding place for the seed phrase
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Well, I guess It's kinda both. It would appear to be an ordinary, shitty gold coin. But I guess it could be easily stolen.
But your idea is great too. Store a seed phrase melted in some low melt temp metal.
I love Bitcoin. The possibilities are endless!
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Yea, but the point is having a massive amount of value in one coin. Gold is the most "store of value" ish precious metal, right?
And then put like, 100 Million Sats on the private key. Would be a really valuable "gold" coin.
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