Hi Friends,
I have already written several articles on printing off crypto paper wallets (or “bills,” or “cold storage” [see below for links]) but i thought it was time to revisit this gorgeous feature of digital cash. And what better currency to use than, well, Digital Cash — or DASH, as it is more widely know?
The above “dash wallet” has never seen the blockchain or the internet. I’ll explain in a minute, but for now know this: the qr code on the left is the public/deposit key — show it to anybody and all they can do is send you loot. The qr on the right is the private/spend key — show it to anybody and they can access wallet freely! So this is the one you wanna’ protect!
Above bill destroyed.
So, what are the advantages of holding your Dash (or btc or ltc or others) this way? Well, first off: there is zero third party involved. No exchanges, no wallet providers, no nobody! Just you and your loot. Second: this bill has never even seen the internet or a blockchain. It is client-side encrypted which means the program does not communicate back private key to anywhere. Instead it relies on manual imput. Here, check it out.
You’re at 1%
Now grab your mouse/pad and give it a shake. Very rapidly you will see randomizer working...
Okay, cool! We’re at 100%. Now, choose “paper wallet” from tabs and then hit the “generate” button a couple times. NOTE you should generate new addresses each time you print a page — otherwise you’ll be printing dbls, or counterfeit bills as it were. Having two identical bills (identical private keys) is not how it is done...ever.
...and why not select for a little colour (although entirely unecessary)?
I have found that 3 bills per page yields the best sizing — although if you please, you can print several (more) per page.
There’s 3 with the private keys covered over...
Grab some scissors and cut yourself some stack!
Now, here’s how they work. Get your empty bill ready
And open up your smart-phone Dash Wallet and prep it to send:
I have chosen “insta send” just for shits and giggles. Scan the public key (qr code), choose amount, and follow easy-peasy directions
Now since i’m on an iPhone i just have to tap the button with thumb, but i could’ve used 4 digit PIN number i set up when i opened this free wallet (AND, very meticuously wrote down the wallet recovery phrase.)
Okay, the loot has been sent, and godamn, Dash is fast!
Okay, sweet! We’ve loaded a bill that is ultimately secure as long as it is: not lost, not damaged, and not shared with anyone. Fucking bulletproof yo!
So how do we get the funds back? Open up wallet and select for “import private key.”
Now scan the qr on the right side of bill — the SECRET one, and then tap the money G!
And bingo, bango, bongo — the digital cash is back on your “hot” wallet and ready to spend!
I have to say, i’m very impressed with the speed and the low fees on the DASH network. I have recently bought more, and expect that the $100 CAD it is today will look like impossibly small print in the coming months. This shit works! It’s working already! And it’s getting better and more widely distributed all the time. Of course i am still a permabull for btc and ltc — see below — and i do hold several other tokens. However, recently i am more interested in the “money” coins: the ones that have a Max Supply, their own blockchain, and purport to do nothing else besides act as a means of holding and transferring value with zero permission required. I would add XMR (Monero) to the above list of faves but would, or course, suggest you do your own due dilligence.
For more on this (btc & ltc) and some other stuff, check out my articles from last year below.
#1
https://steemit.com/cn/@thedamus/print-your-own-money-and-make-your-mama-proud
#2
https://steemit.com/thealliance/@thedamus/print-your-own-money-and-make-your-mama-proud-part-2
#3
https://steemit.com/steemsilvergold/@thedamus/print-your-own-money-and-make-your-momma-proud-part-3
...not sure if there ever was a #4 lol
And of course, reach out if you have any other questions or a comment, or if you have anything to add.
I am @thedamus and i: Print My Own Money and Make My Momma’ Proud! And you can too.
Cheers! from @thedamus and welcome #dashnation
