Just a quick update on this thread.
Denarium is going strong, we recently had a new product launch.
There is an ongoing auction for the first coins of our flagship 1 BTC Series.
The general thread for Denarium is at the Goods section.
Topic: [ANN] Denarium Launches The Next Generation Physical Bitcoin (Read 2016 times)
Humm, how goes this project?
Any guesses on how much shipping to Canada would be? These seem like very well priced items. I have wanted a few of these just for fun.
Any guesses on how much shipping to Canada would be? These seem like very well priced items. I have wanted a few of these just for fun.
New interview published: https://coinreport.net/denarium-produces-low-cost-physical-bitcoins/
Great new article on Denarium at CryptoCoinsNews: https://www.cryptocoinsnews.com/denarium-promotes-bitcoin-physical-coins/
Denarium update: https://bitcointalksearch.org/topic/m.11109661
Product looks interesting.
I was going to order 8 x 0.01 BTC coins for fun but the shipping is a bit much for me:
Registered letter / Post packet / UPS delivery: 0,3574 ฿
At current fiat prices that is US$84 to send 4 small coins!
If you are focused on affordability please find cheaper shipping methods.
I was going to order 8 x 0.01 BTC coins for fun but the shipping is a bit much for me:
Registered letter / Post packet / UPS delivery: 0,3574 ฿
At current fiat prices that is US$84 to send 4 small coins!
If you are focused on affordability please find cheaper shipping methods.
Please tell which country you tried to order to. Our couriers have restrictions on some countries which have resulted in abnormal costs for said countries. We are optimizing them as we speak. For example UK is a country where we made a significant improvement, you can now order up to 20 coins with a significantly cheaper method.
Product looks interesting.
I was going to order 8 x 0.01 BTC coins for fun but the shipping is a bit much for me:
Registered letter / Post packet / UPS delivery: 0,3574 ฿
At current fiat prices that is US$84 to send 4 small coins!
If you are focused on affordability please find cheaper shipping methods.
I was going to order 8 x 0.01 BTC coins for fun but the shipping is a bit much for me:
Registered letter / Post packet / UPS delivery: 0,3574 ฿
At current fiat prices that is US$84 to send 4 small coins!
If you are focused on affordability please find cheaper shipping methods.
Less than 24 hours to pre-order start! Our announcement with important information can be read from the main thread: https://bitcointalksearch.org/topic/m.11064763
From the perspective of the Bitcointalk ecosystem, many of the things you say make sense. However I'm not looking at it from that perspective, we've been looking at it from other angles entirely. From the perspective of an active Bitcointalk coin trader it's quite clear we're not that unique, but that perspective is limited.
In the groups that I communicate nowadays, no one uses Bitcointalk any longer. Reddit, Twitter and other channels have mostly replaced it. This is one of the reasons Bitcointalk is a secondary channel for us, not a primary one. I used to be very active here in 2011-2012 but recently haven't really used this for anything other than promotion.
It may be that concentrating more on Bitcointalk would be a smart move. And I am posting here quite a bit right now. I prefer a total approach - we want to market it everywhere where there are Bitcoin users.
In the groups that I communicate nowadays, no one uses Bitcointalk any longer. Reddit, Twitter and other channels have mostly replaced it. This is one of the reasons Bitcointalk is a secondary channel for us, not a primary one. I used to be very active here in 2011-2012 but recently haven't really used this for anything other than promotion.
It may be that concentrating more on Bitcointalk would be a smart move. And I am posting here quite a bit right now. I prefer a total approach - we want to market it everywhere where there are Bitcoin users.
LOL, looks like you have not done any "Market research" at all, you only have to hover to the "Goods" section and see all the physical coin trading it's done there (I've own a lot of them and I trade/sell/buy with assiduity there). As well as many of the available manufacturers. And the Statement of becoming bigger than Casascius... you are competing with a brand that no longer produces coins, and even in that conditions I really doubt you will be more known than it.
We have done plenty of market research, but not at Bitcointalk - I will admit that. Our market research has been based on which brands have good visibility in search engines and social media. The "goods" section of Bitcointalk has NOT been of interest. However I may underestimate the importance of Bitcointalk but the bottom line is that we're looking at this from a much wider perspective than Bitcointalk. In terms of becoming more known than Casascius, not easy and is going to take years. But as it is with all our other Bitcoin projects, we're in this for the long run.
Quote
They've been around here selling coins much more than you! I'm sure they have experience and knowledge your company will have to look for elsewhere...
I highly doubt this. We've been one of the largest resellers of Casascius coins (confirmed to me by Mike Caldwell in person) and we've also sold Recalescense coins and Lealana coins. We've been reselling Casascius coins since 2012 and we still do - there is a quite a healthy inventory at BTC Store at the moment.
We haven't sold at Bitcointalk, that is true, but we've had lots of sales through our online store (BTC Store).
This guys did it first:
Crypto Imperator:
https://bitcointalksearch.org/topic/selling-crypto-imperator-bitcoin-physical-coins-unique-design-10000-bits-818791
and
Bhcoins:
https://bitcointalksearch.org/topic/closed-bhcoins-serie-4-diy-physical-bitcoin-limited-edition-951699
and I am sure there are more...
So I really don't see your product differentiation, bring back Casascius from 2011-2012?, looks like it has already been done.
Crypto Imperator:
https://bitcointalksearch.org/topic/selling-crypto-imperator-bitcoin-physical-coins-unique-design-10000-bits-818791
and
Bhcoins:
https://bitcointalksearch.org/topic/closed-bhcoins-serie-4-diy-physical-bitcoin-limited-edition-951699
and I am sure there are more...
So I really don't see your product differentiation, bring back Casascius from 2011-2012?, looks like it has already been done.
You had me here, however there is one thing that will differentiate us. That is marketing. I've been living and breathing Bitcoin since 2011 yet I've never heard of either of these examples nor do I know anyone who has one of those coins. This is an area where we believe that we can succeed.
We are not trying to only copy the concept of the original Casascius coins in terms of technology & economy, we're going to be the brand that becomes bigger than Casascius or anything else in the Physical Bitcoin market.
LOL, looks like you have not done any "Market research" at all, you only have to hover to the "Goods" section and see all the physical coin trading it's done there (I've own a lot of them and I trade/sell/buy with assiduity there). As well as many of the available manufacturers. And the Statement of becoming bigger than Casascius... you are competing with a brand that no longer produces coins, and even in that conditions I really doubt you will be more known than it.
It's also an issue of trust. Especially with a 1-key coin, trust is quite important. Obviously this is not as clear for people in the US for example, but in the Nordics we're known as an experienced and very trustworthy company. Some of the other manufacturers I would categorize as "random".
As you say only in the Nordics, as before this post I had no idea your company existed, so I currently don't trust you nor the coins. Categorizing your business rivals as "random" is vain, they've been around here selling coins much more than you! I'm sure they have experience and knowledge your company will have to look for elsewhere...
It's also an issue of trust. Especially with a 1-key coin, trust is quite important. Obviously this is not as clear for people in the US for example, but in the Nordics we're known as an experienced and very trustworthy company. Some of the other manufacturers I would categorize as "random".
This guys did it first:
Crypto Imperator:
https://bitcointalksearch.org/topic/selling-crypto-imperator-bitcoin-physical-coins-unique-design-10000-bits-818791
and
Bhcoins:
https://bitcointalksearch.org/topic/closed-bhcoins-serie-4-diy-physical-bitcoin-limited-edition-951699
and I am sure there are more...
So I really don't see your product differentiation, bring back Casascius from 2011-2012?, looks like it has already been done.
Crypto Imperator:
https://bitcointalksearch.org/topic/selling-crypto-imperator-bitcoin-physical-coins-unique-design-10000-bits-818791
and
Bhcoins:
https://bitcointalksearch.org/topic/closed-bhcoins-serie-4-diy-physical-bitcoin-limited-edition-951699
and I am sure there are more...
So I really don't see your product differentiation, bring back Casascius from 2011-2012?, looks like it has already been done.
You had me here, however there is one thing that will differentiate us. That is marketing. I've been living and breathing Bitcoin since 2011 yet I've never heard of either of these examples nor do I know anyone who has one of those coins. This is an area where we believe that we can succeed.
We are not trying to only copy the concept of the original Casascius coins in terms of technology & economy, we're going to be the brand that becomes bigger than Casascius or anything else in the Physical Bitcoin market.
More physical manufactures! Sincerely, I don't think the demand can keep up with the offer, the market is really slow now and nearly all vendors offer the same thing. (Coin with key inside) Innovation is the key to success, (see Kialara)
I have to correct you on this. Kialara coins, for example, are very expensive art pieces. One Kialara costs at the moment $129. And it's an unloaded coin. Our coins, with a loaded value of 0,1 BTC, cost at the moment approximately $33. If you buy one of our coins unloaded, it will cost only around $9. Not only that, we have volume discounts available as high as 50%.
These prices are VAT excluded of course so the total price will depend on where we sell to - but it's undoubtedly clear that our product is very different from what is out there.
Our product is similar to what Casascius coins used to be in 2011-2012. We're bringing back the concept of a cheap Bitcoin gift item, which was great in my opinion.
Let me correct you then, you are not the first to come up with "an affordable physical Bitcoin",
This guys did it first:
Crypto Imperator:
https://bitcointalksearch.org/topic/selling-crypto-imperator-bitcoin-physical-coins-unique-design-10000-bits-818791
and
Bhcoins:
https://bitcointalksearch.org/topic/closed-bhcoins-serie-4-diy-physical-bitcoin-limited-edition-951699
and I am sure there are more...
So I really don't see your product differentiation, bring back Casascius from 2011-2012?, looks like it has already been done.
More physical manufactures! Sincerely, I don't think the demand can keep up with the offer, the market is really slow now and nearly all vendors offer the same thing. (Coin with key inside) Innovation is the key to success, (see Kialara)
I have to correct you on this. Kialara coins, for example, are very expensive art pieces. One Kialara costs at the moment $129. And it's an unloaded coin. Our coins, with a loaded value of 0,1 BTC, cost at the moment approximately $33. If you buy one of our coins unloaded, it will cost only around $9. Not only that, we have volume discounts available as high as 50%.
These prices are VAT excluded of course so the total price will depend on where we sell to - but it's undoubtedly clear that our product is very different from what is out there.
Our product is similar to what Casascius coins used to be in 2011-2012. We're bringing back the concept of a cheap Bitcoin gift item, which was great in my opinion.
More physical manufactures! Sincerely, I don't think the demand can keep up with the offer, the market is really slow now and nearly all vendors offer the same thing. (Coin with key inside) Innovation is the key to success, (see Kialara)
I would also like to know how tamper proof those coins are. I had bought some psysical coins from shibemint and I'll have to admit that the quality wasn't the best. They gold plated ones got scratched and damaged too easily. I'm assuming that a brass coin would show some better resistance, but I'd also love to know if someone reviews the coin's hardness (etc.) after getting it on his hands.
In terms of durability and physical feel overall, our coins are very similar to 1 BTC Casascius coins. Those coins are very durable, the only thing that happens to them through time if used a lot is they lose their shine and become much dimmer in color. Our coins are very shiny in the beginning and will remain that way if stored correctly, but if used a lot they should become dimmer.
Our tampering protections are also similar to Casascius coins. Suspectible to certain liquids but it's very difficult to pull off without leaving any physical marks. Looking carefully at the hologram, if there is doubt, should reveal a counterfeit coin.
So, any tests done with original Casascius coins should, at least in theory, apply to our coins as well. Our focus has been affordability and simplicity, with the first product we're not aiming at super security. We feel that what we have is enough for a low-cost and low-value coin.
We're going to publish more advanced coins in the future, but those will of course be much more expensive.
Independent tests on our coins will have to wait until June but I'm sure they will pop up at that point.
I would also like to know how tamper proof those coins are. I had bought some psysical coins from shibemint and I'll have to admit that the quality wasn't the best. They gold plated ones got scratched and damaged too easily. I'm assuming that a brass coin would show some better resistance, but I'd also love to know if someone reviews the coin's hardness (etc.) after getting it on his hands.
Article on Cointelegraph: http://cointelegraph.com/news/113925/physical-bitcoins-are-back-finnish-exchange-targets-asian-market
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