COMMONLY ASKED QUESTIONS ABOUT TRUECRYPT PDF FILE LAUNCH:
What’s this all about?
It’s about money. It’s about storing and transacting with your bitcoins in a way that is 100% secure and with 100% peace of mind. It’s about personal bitcoin storage that does not rely on the trust of anyone except yourself.
This TrueCrypt pdf file is basically a password protected file that contains the bitcoin private keys of a real bitcoin address, recorded on a PDF document. Bitcoin private keys are the passwords to their corresponding bitcoin public addresses which allows anyone who knows it, to spend the bitcoins.
In putting real bitcoins into this encrypted file and allowing anyone to download it, we are demonstrating to the world that our bitcoin storage methods are secure. In fact, we have alerted potential hackers of this impending launch for several months now via our website to give them every opportunity to thwart our process while the file is being created. The actual file will be created sometime in the last 5 - 7 days of March 2018.
What will happen on launch day?
On launch day, the TrueCrypt pdf file containing real bitcoins will be emailed to everyone who has bought bitcoin from us via the Localbitcoins peer to peer exchange with a verified facebook account. This has the benefit of ensuring that if the file is changed down the line on our website, people will have proof of this.
The TrueCrypt pdf file will also then be made available for download via our website in the ‘Download’ section.
What will happen if the file is hacked?
It won’t be but if it does, it will mean that our process of storing bitcoins is not secure and we will lose the bitcoins stored on the file.
How will you be reporting updates to events relating to the launch?
On our official twitter.com and steemit.com pages you can see all updates related to the launch. Our website may also show updates. Steemit articles have the advantage of being permanently recorded onto their blockchain and cannot be edited after posting.
This means that in the future, anyone will be able to verify that this launch has taken place by reading the articles, viewing the contents of the TrueCrypt pdf file, and verifying that the transactions on the bitcoin blockchain have occurred. This will prove beyond all doubt that the methods used to create the file and transact with the file are secure.
How many bitcoins will the bitcoin address have?
0.1 bitcoins initially will be deposited into this address, but more may be added afterwards. The bitcoins will also be removed after a period of time either periodically or all at once, and advanced notice will always be given. We will make these withdrawal transactions from this address to show that transacting using our approach is safe.
Can we donate to this official bitcoin address?
We ask that you don’t make any donations to this address for the personal safety reasons of the owner of the private keys (see the article ‘Final word of caution’ in the Security section of our website for details).
Where can I find more information about the launch and about the methods used to create this file?
On our website, and steemit and twitter feeds. Methods 3 and 4 of the Bitcoin Storage section specifically are the methods which will be used.
What comes next?
The sky’s the limit!
Where’s the disclaimer :-)?
On the home page of our website :-)