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Introducing BitcoinBileto

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Written by   10
2 weeks ago

Ever tried to give some BCH away to restaurant staff or Uber drivers only to find the altruistic onboarding process isn't as easy as it might be? The solution is here. It is BitcoinBileto.

BitcoinBileto are business card sized, professionally printed, scratchoff cards which a person can purchase and load with BCH. They are designed so that they can be loaded with BCH by the person who buys them in order to give them out for the purpose of onboarding other people. They can be loaded with as much or as little BCH as the purchaser chooses. Although the average funded on each card may only be a few dollars, a batch of bileto can be loaded such that a couple of the cards have a much higher amount. This aspect gives the crypto naive recipient the incentive to go ahead, download a wallet and scan the QR code in case he or she is the person who 'wins big'.

BitcoinBileto enables bitcoin cash enthusiasts to cheaply and easily onboard people they meet in everyday life. Prior to BitcoinBileto, the primary option was paper wallets of specific value printed on regular paper and cut.

When a customer purchases a stack of bileto from BitcoinBileto, he or she will receive a stack of preprinted bileto along with a USB drive of the private keys. The customer can then download Electron Cash and install the BitcoinBileto plugin to fund the cards. Because we are only selling empty private keys and a USB with those private keys, we are not money transmitters.

The Bitcoin Cash community remains without a widespread local bitcoin cash economy.  Queensland has done admirable work yet, no doubt, the vast majority of people there still use fiat for most daily transactions.  For much of the history of bitcoin people have talked about bitcoin’s ability to enable the unbanked to not need banks.  However, this is limited by the fact that for poorer people in the developing world, for whom bitcoin offers perhaps the most tremendous benefits, the ability to acquire bitcoin remains limited.  

By the time that they knew about mining, it was no longer possible to mine with a CPU.  Chances to earn bitcoin online require specialized skills and a computer that many do not have.  Remittances in bitcoin, even if straightforward for the senders to exchange fiat for bitcoin, remain rare, in part, because the ability for the receivers to turn bitcoin into utility via exchange for goods and services isn’t there yet.  That is, no one uses bitcoin because it is not that widely used and it is not that widely used because no one uses it.  This is an additional problem BitcoinBileto was designed to solve.  Its goal is to quickly onboard a significant number of users in a constrained local area such that a critical number of people both have bitcoin and want to receive more bitcoin.  

Legal and regulatory matters are entirely up to the end user. While we have designed the product with gifts and tips in mind, there are obviously many other ways in which it could be used. Do you want to run a local bitcoin lottery selling tickets? If you can manage the government regulations in your area, go for it. We are willing to ship to everyone in the world, but shipping from the US to your country may be prohibitive. Not a problem, use the plugin to create your own bileto and have a printer in your country print them.

Some may be concerned about the security of private keys you did not generate yourself, particularly as bitcoin was designed to remove trusted third parties from the money equation. We are not seeking to be a trusted third party. Once we have printed a stack of BitcoinBileto and loaded the USB drive with the private keys, we delete all record of those keys.

Although our printing process has reasonable security, all security is relative. In our testing of the generation and printing process, we have found no evidence of security breaches. Nevertheless, we would recommend against using bileto as any kind of long term storage device for bitcoin. The purpose of the product to to give away small amounts to incentivize crypto naive humans to download a wallet to discover how easy bitcoin is to use.

A final element of utility which BitcoinBileto offers is the capacity to 'sweep.' It works as follows. We delete the private keys after we produce the BitcoinBileto and load the USB drive. The purchaser uses the USB drive to load the cards. The purchaser could then delete the private keys meaning that the bitcoin would now only be accessible by scratching off each QR card on each card. The risk there though is that some recipients of BitcoinBileto throw the card out and the value on it is lost forever. By sweeping, BitcoinBileto can, in effect, have an expiry date after which the unclaimed value on them is recouped.

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Avatar for BitcoinBileto
Written by   10
2 weeks ago
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Comments

Nice article and very informative. Bitcoinbelito is really sounding amazing. I look forward to enjoying most of your services

$ 0.00
1 week ago

This is wonderful. Bitcoinbelito is really sounding amazing. I look forward to enjoying most of your services

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1 week ago

If BitcoinBileto sends you a list of private keys, what is keeping them from sweeping all those wallets as soon as someone loads coins on them? Also a USB drive from an untrusted source is asking for malware to be entered on your computer.

This may be a nice idea and all but it sounds super insecure and even possibly a scam. Especially the USB drive is a very bad idea!

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2 weeks ago

We have arrived at a non-USB drive solution. We will email the encrypted private keys and the password will be in the parcel containing the bileto themselves. Voila, no USB.

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1 week ago

The only thing keeping us from sweeping your keeps is that then you would tell the world and no one would buy our product. It's just not worth it to us. I hear your thoughts on USBs in general. We considered sending the keys encrypted via the plugin, but that would seem to be a UX nightmare. We would be delighted to hear suggestions.

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2 weeks ago

Very nice article can i take the permision from you to share this article in other platform . So that it will make more people aware about this.

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2 weeks ago

Of course. Please share our website bitcoinbileto.com. We are hoping to see some cards.

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2 weeks ago

Very good Idea indeed , losing the cards will happen often because the receiver don't know the value of the card (bitcoin inside the card) and they will forget about it .. How reclaiming those bitcoins work ?

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2 weeks ago

We sell cards and give you the private keys. We then destroy the keys. You load them with BCH and keep the keys. If some are unclaimed, the Electron Cash plugin allows you to sweep any unclaimed biletoj.

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2 weeks ago

Since you are in possession of the priv key, it should be no problem to import the priv key e.g. into electron cash and transfer the BCH to another address.

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2 weeks ago

nice article and very informative. Here in Africa, we are still far from using cryptocurrencies. People rather trust the local Fiat currencies. The digital world is a different world they're not yet ready to go with. I hope to see a change come fast.

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2 weeks ago

This is the goal of bitcoinbileto. Get BCH in the hands of people without any need for a bank or anything else.

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2 weeks ago

It's not only in Africa. The whole world still makes little use of crypto-currency as currency. But Africa has a huge potential because many people in Africa don't have access to bank accounts. Bitcoin Cash can be a good help there. Just start with that.

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2 weeks ago

it was nice to heard about bitcoin cash in bitcoinbileto hope they provide service in india also

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2 weeks ago

If you had read the article carefully, you would have known that BitcoinBileto is also available in India. Much more - you can even create it yourself.

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2 weeks ago

Wow nice! I was hoping to find something like these, which are inexpensive and unredeemed BCH won't be wasted at the end. And you can buy these with BCH! Wonderful!

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2 weeks ago

Sweep is an excellent feature. I think this tech will change a lot of consumers user experience.

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2 weeks ago

There's a bunch of bad links here - do you have a link to your actual website?

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2 weeks ago

bitcoinbileto.com. I am unsure why read.cash links to itself vice the link I assigned.

$ 0.10
2 weeks ago

This is wonderful. Bitcoinbelito is really sounding amazing. I look forward to enjoying most of your services

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2 weeks ago

Very good new ways to teach people how to use and learn about crypto and Bitcoin, thanks for the initiative.

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2 weeks ago

"Kudos to the brains behind BitcoinBileto! This is a commendable achievement in promoting BCH for wider mass adoption".

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2 weeks ago

Wow very information will chek tjis out again . Thank you for leting us know. I have heard of monolith with same concept as in bitcoinbileto

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2 weeks ago

This is an amazing innovation although it’s not yet implemented here, we just use taxis

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2 weeks ago

BitcoinBileto is everywhere. We can ship worldwide or you can print your own.

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2 weeks ago

Welcome @BitcoinBileto https://read.cash/@SofiaCBCH/your-keys-your-coins-44f3af7b

I talked about you in the past days. Nice to see you!

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2 weeks ago

Thank you.

$ 0.00
2 weeks ago