What is Opendime? It is:
- Bitcoin on a stick.
- A Bitcoin piggybank.
- Not another hardware wallet since it has no PIN or password
- It's not like other "physical" bitcoin because nobody knows the private key until you physically alter the device.
- A disposable hardware wallet that can be used as cash.
Buy your Opendime
What’s new with V4?
It's an incremental (and not a radical) upgrade from v3. Coinkite has improved Opendime's:
- Form factor.
- Electrostatic discharge (ESD) protection
- Speed
- Recoverability in case of damage
- Blockchain viewing options (it added blockstream.info)
Why use it?
- Gift: each Opendime costs about $17 and you can load it up with as much BTC as you want. Graduation present. Help someone buy a car or a house. Birthday gift for over $100.
- You want to buy something expensive in a hurry.
- Sell Opendimes with BTC.
- Anonymous transaction: it's almost impossible to know who spent the Opendime.
- It’s better than a paper wallet because it has the upsides but also generates the private key safely.
- Emergency money when you're traveling - it's like a traveler's check that works in the most repressive regimes. Wear it as a necklace under your shirt so that even if they steal your wallet and bags, you'll still have money. All you need a computer or a smartphone (with a USB-adapter).
What's cool about it?
- It acts like a read-only USB flash drive. Because it's read-only, there's no way to load malicious code on it.
- Works with any computer, laptop, or phone.
- A QR Image and Text files inside contain Bitcoin address and helpful information.
- Secure: the private key is generated inside the device, and is unknown until it's devirginized.
- Trustless: the private key is strictly in the device itself.
- it's safe to setup, verify and load an Opendime on an untrusted computer - impervious to malware and keyloggers as long as the private key has not been generated.
- Creates a QR code image for easy scanning.
- Off-chain: no miner fees, no confirmation delays.
- Uses Bitcoin message signing, normal (non HD) bitcoin payment addresses, and private keys in WIF format.
- It works with a phone or tablet.
- Lasts for 25-100 years.
- No password or seed phrase to deal with!
- Perfect for storing and anonymously transfering $100-$10,000 in BTC
See it in action
What should we expect in future versions?
I bet that they will make a USB-C compatible version.
It would also be great if they made one that is waterproof.
Buy your Opendime
More info
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