Topic: 1BTC - Bitcoin Treasure Hunt - Can you crack the code? [competition now closed] (Read 25329 times)

Glad it finally got there and you like it!

Just to clarify a few issues:

Yes, the coin can be redeemed for 1 bitcoin by importing the private key into another wallet. The redeemed 'coin' might have some small value as a novelty item/ collectible (potentially).

The 1 BTC coin is NOT silver - only the 10BTC & 20BTC coins are made from solid silver - VAT (sales tax) is chargeable on any non-bitcoin related costs, so we would need to charge 2BTC for a 1BTC coin if they were silver.

TGBEX do not sell unloaded coins, all numbered coins are 'loaded'. We have had a number of requests for coins as empty wallets, but company vision is to help spread bitcoin awareness and ownership, so it does not really 'fit' (and there are numerous other manufacturers out there who do this).

Being able to sell 'loaded' coins (legally!) is the tricky (and very expensive) part.

We are based in the Isle of Man, which is bitcoin-friendly but still legal, tax and other costs associated with every country we sell to (we would love to sell to US, but licencing costs will likely make it impossible).

Our operating model has allowed us to obtain UK banking facilities, we fall under local regulations (considered superior to the USAs by the OECD?) and should be applying for a licence once possible, so arguably the most legal way to buy bitcoin in the EU?

Real advantages of physical bitcoins are you 'own' your bitcoins (or at least control the private key(s) to be more technically correct) and they are a great tool for showing someone how simple bitcoin (wallet) can be.


 

This is what they cost to buy:
http://www.tgbex.com/pricing/

The 1 BTC+ ones are made of solid silver.

It's silver!  It's just the reflected light making it look "yellow", but it's not, it's pure silver.
 

Thanks, and yeah, it looks pretty!
 

So you mean he can actually get 1 virtual bitcoin from the real coin but he would keep the coin aswell wouldnt he? Or am i missing something

Probably the market price of 1BTC , Azure will have a public key visible on the back of the coin, enabling him  to verify it current value on the block chain.

He can cash it any time he wants by importing private key, which is hidden on the coin somewhere.

I suppose it would increase in value because of its vanity , the future would only tell if it would be of better value.
Some collectors would pay over the market price for this coin.

OOH finally you got it, i was starting to get skeptical but im glad you got it, it looks really nice but i thought it would be nr 001 not nr 019, What is the price of one of those if you wanted to sell it?

Do not let it get wet at all, it may rust away 

Its a real looker isn't it, nice to see it, thanks Azure

Hehe! Finally! Congrats!
It looks A W E S O M E !

Apologies for this- coin has been sent, but As Azure said stuck in sorting office.

We are trying to find distribution partners in Asia/ Americas/ Africa, but delivery issues/ costs are one of the main reasons we do not sell physical coins in most locations outside EU at the moment.

Tried to see if Western Union would like to act as reseller outside EU, but still waiting for answer......

Yes, still waiting.  The postal service has major problems.  The parcel is stuck at customs and the Post Office has no idea when it will reach me.  None of the people, except one, I spoke with could tell me when it would arrive.  The one person who leaked out a bit of info to me (which she probably wasn't supposed to do) said they are 2 months behind with processing items.  So, it's probably going to take at least another 2 months to arrive.

Azure are you still waiting, still on strike?
Not been resolved yet?

Long time isn't it.

I had some fun in this thread, and learned some new things.

To be fair, the coin was shipped incorrectly and postal service employees in my country are currently on strike.  On the other hand the OP has not replied to my last couple of PMs.  Perhaps he's away on holiday or something, which might explain that.

Hmm, this casino used a fake promotion to attract new users, very fishy. He may not get paid in the future, because it is already 2 weeks, let' us don't bump this OP anymore.

OP's last active was on March 30, 2015.

You are still waiting after 2 weeks? This sounds fishy.

No, I'm still waiting

After 2 weeks, Did you get your coin Azure?

I'm still waiting, and looking forward as well to the next treasure hunt.
 

Did Azure get his coin?
I'm waiting for the second treasure hunt