Topic: Be Cautious of ► ► ► LEALANA PHYSICAL SILVER LITECOINS! - page 2. (Read 54452 times)

Re-read my thread Goat, I warned people not to purchase my coins before considering the risks. Did you read that part of the thread or did you just assume I did not do that?

Coblee posted in a respectful way, unlike you. that is the difference, respect.

The point was to get your attention. And it looks like it did.

And now you admit...you were trolling in my thread. Now I am justified in my claims.

Goat no one is forcing you to take a refund. BFL forced people to take refunds. Your analogy is failed. Kinda sad really.

Anyone can be a scammer at any time. Yes. Do people have to trust me and buy my coins? No. It is very simple.

As far as standards go have you smeared any crap on Casascius' thread yet? Or wait is there a double standard when it comes to warning people about the risks of purchasing such coins?

Your bias can be smelled even through the internet.

I'm not the only one who outted your posts in my thread as retarded and irrelevant to the OP in my thread. Nit picking is not staying on topic. If you wanted to discuss my email address, my age, my personal info, create another thread for that or PM me if you feel it is that important.

I've been as open as possible yet you still find things to whine about. Then again some people choose to live their lives that way.

I'm not one of those people. 

Only for Goat given his fetish for whining about the smallest details that are very irrelevant to being legitimate vs. being a scam. Now that he has cleared his position up on whether or not he thinks I am a scammer, I would also think he would stop his whining about every little thing.

 

You were also the first to start whining about the most retarded things as well in my thread. 

Wait, Smoothie is offering refunds?

I generally believe that Smoothie will deliver. Although, I'm sure he is aware, as well as just about everyone else, that if he was in it for the long con, this would be about the time to bail. Although, self interest kind of prevents him from doing so if he isn't lazy. With people throwing cash at him hand over fist, he stands to make a better profit off of premiums that he gets by legitimately selling batches of Physical LTC.

Always bet on self interest.

Goat purchased two coins from me, claims to have issues that I might scam, yet refuses to accept a refund. Actions speak louder.

Talk is cheap. 

i'll vouch for smoothie.

these will NOT be a scam.

Just because some people are too willing to overpay, "the market" deems it "fair".  Hilarious.  Just like your computer technician example, I know better than the market in this particular case.  How exactly do I lose by not wasting my money on overpriced, useless, crap? I don't, but you win, more silly overpriced crap available for you to buy!   


Yes, cents.  Maybe you shouldn't believe everything you're told in the forums and research it for yourself.  You can buy nice tamper evident hologram stickers for real cheap, and I found at least one custom printing company that charges $65 for setting up your custom design on their printers, for smoothie that would be 6.5 cents + cost of plastic stickers + printers premium.  They aren't expensive, at least not enough to justify the 15LTC premium.  But they are shiny, so I'm sure folks will buy them anyway  lol

lol at a failed scammer calling smoothie a scammer.

i partially agree that the coins are a little overpriced. i hope he lowers the prices slightly on new runs. at the very least, he is offering a new and desired service. then again i also think casascius coins are a slight ripoff too lol.

Look at the bitcoin paper wallet.  0.1ish BTC for 10 hologram stickers shipped.  Sure, it may cost more to get a round one custom printed to fit the back of the silver piece, but expensive they are not, just because they are shiny does not mean they were expensive.

Good example, it proves that you are indeed missing the point. That is also a scam or ripoff IMHO. lol


I am not only looking at cost of raw materials, if you actually read my whole post.  I am not saying there should be no premium attached or that smoothie shouldn't make money on them, but he is asking far too much if you ask me.  I have seen others produce limited runs of custom designed silver rounds for $3-$4 over spot, and while the holograms may add a few cents to the price, they are still cheap and in no way justify the kind of price gouging going on with these things.

Are you actually Hydroponica?

Firstly, have actual proof of no-good if you are going to call out something as a real scam. I see someone making a product (that he has shown in picture to exist) and selling them for what he perceives to be a fair price. The market will decide if it is or is not.   

Yes there are many services that stamp custom coins, and like many other industries price only goes down with volume created. Doing this yourself for only a couple coins would likely cost you well over what Smoothie is charging for his, and perhaps not everyone is a designer or has any interest in going the DIY route that you think is so simple and easy (have you actually tried this yourself to have a basis for your slander?). Creating custom coins means creating the tooling to stamp/cast them, and this is never cheap.

I would assume Smoothie isn't making a million of these things, just a limited run. This "outrageous markup" is likely due to this fact, and wanting to turn a profit for his effort as well. And unlike standard coin stamps, these must also be hand encoded with a private key and loaded for another layer of work to be done. So no, not everyone does this. Physical Bitcoin/Litecoins are not run-of-the-mill coins.

Everyone knows Satoshi himself never stamped the first physical "Bitcoin", this is a mute point to make. These are simple paper wallets that happen to look like fiat coins and are made of precious metal. They are novelty items mostly for people who think it is cool to have coin they can physically hold, and be a conversation piece. They can also be a way of long term cold storage (paper degrades over time), though other methods would be more feasible and much cheaper to do the same job.

Smoothie is deleting your posts because YOU are a troll with a newjack account posting unfounded BS all over his thread, and this one, for no real reason.

The silver litecoins are probably not a scam in the sense of taking your LTC and giving nothing back.  I'm sure those who order will get what they paid for.

But for those who say 'well just don't buy them' to others who note that the price is incredibly high, are missing the point.  66 ltc for 2 coins / 1 oz of silver is very worthy of being called a scam, or ripoff, IMHO.  Subtract 20 ltc that you get back on the holograms and its 46 ltc, or currently about $107, for a single oz, with a current spot value under $19 on silver, these wouldn't go for more than $25 per oz anywhere else.  That would not fly in any other type of business, but for some reason it's ok here.  I just don't get it, I guess.

Yes, there is a cool factor that many people are willing to pay for, but anyone who thinks these will be worth more than they are paying now at any point in the future is sadly mistaken.  Look at the physical bitcoins for precedent if you must.  Lots of sellers on ebay trying to get rid of them, no real bids being made.

It's true smoothie can be a bit of a meanie sometimes but I believe he is doing the right thing here, please leave him alone.

I just noticed that Edit too. And if it's fake, pretty sure someone here would have confirmed it was. He also lives in the US. And pretty sure someone on this site has the resources to make his life miserable if he scams. Without his personal info, I would have waited until first shipment of coins. But I'll probably put in my order now.

There's no scam here. 66 LTC for a couple coins is nothing. That's like a days worth of mining (or less), if you were mining when you should have been.