Frequently Asked Questions
QDo the Biletos come preloaded?
ANo. Biletos are sold blank and it is up to you to decide how much Bitcoin Cash you want to share with people.
QHow do I put funds on the Biletos?
QCan I get custom biletoj?
AYes. You can use the Electron Cash plugin yourself or you can provide us with artwork and we will get them printed for you. We do not have an in house graphic designer. We used Solomon Pierce and recommend him as his skills are solid and he knows exactly what we need.
QWhy can’t I purchase loaded cards?
ABecause we do not want to be a money services business (MSB). Although we were not involved, we know that Mike Caldwell was told by FinCEN that if he continued to sell loaded Casascius physical bitcoins, he would need to register as MSB. Doing that is a lot of money and work. Mike stopped selling loaded coins. Hence, we are not selling loaded coins. We are selling you pieces of paper with private keys on them along with a file containing the private keys. The user must download open source software and load the biletoj him or herself. At the point each user is responsible for their own actions with regards to the local laws and regulations that men with guns feel compelled to enforce. Please do not give the men with guns a reason to engage in violence against you.
QWhy can’t I pay using credit card?
AWe figure that anyone buying biletoj already has bitcoin cash and knows how to use it. While accepting bitcoin cash does give us some exchange rate risk, it means no charge back risk and no fees.
QWhy did you make the back specifically for the bitcoin.com wallet?
AIn testing we found that many people new to cryptocurrency needed help to scan the private key. We also considered Crescent Cash and Badger Wallet, both of which we like. However, given the fact that the bitcoin.com wallet has the most resources behind it, we went with it. We would prefer that it was 100% open source and made scanning a private key more intuitive. We also considered creating our own wallet, but, at this time, we do not have the resources for that. Maybe some day.
QWhy did you go with a business card like object?
ATalking with crypto naive humans about crypto often immediately increases their threshold to accept knew ideas. Crypto is scary and potentially scammy. A business card is a familiar object that people already feel comfortable instantly accepting and later throwing in the bin should they choose. Thus, we think it will be the easiest way to get bitcoin cash in a new person’s hands.
QWhy did you do a scratch off?
AWe are hoping to lower the threshold for crypto naive humans to be willing to try using bitcoin cash and discovering how not hard and complicated it is. Everyone loves scratching off a scratch off. Combined with the chance to win real money, we hope that the potential dopamine hit will entice people to give bitcoin cash a try.
QAre you violating gambling laws?
AWe don’t think so since we are only selling pieces of paper and giving away digitial numbers, which correspond to the private keys. Should one of our customers sell loaded biletoj, that might constitute gambling. Whether or not that is violating the law in his or her jurisdiction is for him or her to determine.
QWhat if the funds are never claimed?
AThe plugin and private keys allow you to recover the funds at any point.
QAre the receiver's funds safe?
AYes. We give clear instructions on each Bileto for the user to sweep their funds. Not only is this easy, it's also the safest for them.
As long as your receivers sweep their wallets rather than importing the private key then their future spending is secure.
QHow are private keys managed?
AOur software will create a list of all the private keys for the Biletos you order. This list is emailed to you as an encrypted zip file. The password will be provided to you in your parcel. Once you acknowledge access to your private keys, we will destroy our copy. There will be no backup.
QIs the encryption of the keys strong enough?
AEncryption is always a trade off being strength and usability. We think we've acheived this using the ZIP format in that it is ubiquitous on most computers.
QIs the print process secure?
AFunds should only live on a Bileto for a short time, and we believe the security is good enough for this application.
- Our trusted printer also prints scratchoffs for many government lotteries.
- We transmit all files in a secure fashion and trust that their internal processes are reasonable secure.