Can you add value to a Casascius physical coin?

3

The firstbits address on the front of the coin (once fully resolved from blockexplorer) is just like any other address right? I can buy a 1 BTC Casascius physical coin, copy the address, bury that coin in my backyard, and use regular transactions to keep increasing its value?

pinhead

Posted 2013-04-15T17:10:08.633

Reputation: 2 356

What you see on the front of the coin is not the Firstbits. It's simply a fixed number of first characters of the address. The only robust way to deduce the full address from what you see is Casascius' records, https://www.casascius.com/fulllist.txt. But yes, once you find the address of the coin, it's a normal address you can add more coins to and access them with the private key within.

Meni Rosenfeld 2014-09-17T17:22:18.720

Answers

5

Yes, you can add value. The block chain only knows public keys. It doesn't care how or where the corresponding private keys are stored.

TimoY

Posted 2013-04-15T17:10:08.633

Reputation: 233