Thank you for the kind words!
Edit: No more waiting! Now for immediate delivery, you can order by PM or any of our other order communication channels.
Topic: Bitcoin Specie Project sponsored by the makers of New Liberty Dollar - page 20. (Read 88462 times)
August 08, 2013, 07:45:17 AM
August 07, 2013, 06:43:54 PM
Looks great.. Can't wait to order some!
August 07, 2013, 04:43:22 PM
Looks really nice. Thanks for doing this. Interesting approach.
Also thanks for the mention in the article. Much appreciated.
Aloha
Also thanks for the mention in the article. Much appreciated.
Aloha
August 07, 2013, 04:07:16 PM
From what I can tell, this is not really a "physical bitcoin". It is a silver "medallion" whose value in BTC is readily available. In other words, its value is the value of the silver it contains and nothing else (except for perhaps its collectibility).
I guess that is why you write that it doesn't compete with current physical bitcoins.
I guess that is why you write that it doesn't compete with current physical bitcoins.
Yes. Your understanding looks accurate. That was one of our goals, not to compete but to be in a different and new market space. They are not useful as wallets, or as containers for bitcoin in the way that other pieces are. They are not unique, each is the same as all the others.
In the same way that a silver dollar does not contain a paper dollar within it, there is nothing contained within these. They are only what they are.
I think of them as "Cold Hard Cash".
If we ought reserve the term "Physical Bitcoin" for pieces that can function as wallets with tamper-evident holograms, then these would not qualify.
Perhaps calling it Bitcoin Specie would be more accurate nomenclature? It would be best to avoid confusion. The "Physical Bitcoin" descriptor was created by the BitcoinMagazine article. Folks will describe them in ways that make sense to them.
Additionally, with one of these to check current value, other pieces may be included in a trade that of similar composition but of different maker. So a "used" physical bitcoin could be traded as a fair value by checking the QR for example on one of these.
August 07, 2013, 03:01:45 PM
Definitely want one of these if the price isn't beyond reason. Prices similar to Casascius's prices would be good.
First, please understand that these are not like the Casascius coins in that these do not contain bitcoins. These are silver pieces denominated in Bitcoin.
They will be far less expensive, closer to one ounce silver spot price in BTC + a small premium based on quantity to compensate for those of you who will engage in distribution. (You should be able to make money by spending these.)
Though if they are at all like the New Liberty Dollar sales, most sales will be in quantity >100.
If you just want one, chances are that you can get it for less from someone near you who bought a lot more than one.
These pieces are not really made primarily for the collectors, but to be USEFUL commercially with easily determinable barter value (just like Bitcoin has with its exchanges). They are designed to be trade-worthy, and pocket-friendly rather than sitting on a shelf. We don't want you to fret if they accidentally go through the washing machine, they should still work just fine.
August 07, 2013, 02:39:06 PM
Definitely want one of these if the price isn't beyond reason. Prices similar to Casascius's prices would be good.
August 07, 2013, 02:22:50 PM
Thank you for the kind words. As the project matures, we are very interested in the input from this, our community, so that we may refine and improve. This thread is not self-moderated and so we also look forward to criticisms and healthy debate. The best solutions are those that are based on the desires of the group they are designed to serve. In this case that is you who are reading this now. We have taken input from many here already (you know who you are!) and looking forward to more.
The goals of this project are many. Here are some of the top items on our bucket list of what we hope to accomplish with this offering:
We do not seek to compete with any of the other physical crypto-currency available, but to provide a complementary offering. We owe a debt of gratitude to the previous offerings that have helped to foster the Bitcoin economy from early days. These are fundamentally different in an important way, they do not have any bitcoins embedded within them, they are fine gold and silver pieces denominated in Bitcoin.
The advantages of bitcoin and bullion are relatively opposite, but by unifying them, each gain strength from the other.
Bullion pieces are most useful in person and locally. Shipping them is costly, requires security, and delay.
Bitcoin is less useful at point of sale, requires time to confirm, but Bitcoin is the best there is for long distance transactions.
Bitcoin's value is consensus based, not backed, and not intrinsic. Bullion is the opposite.
The hope is that by providing this offering we create a way to unify these, and in so doing make each better than they could be alone.
The idea is that these specie can be used at a point of sale for trade value (barter money) in the same way that a crypro currency can, but with folks that have never used or wanted any bitcoin... It is a physical object, valuable to everyone, and as silver and gold are great conductors it will be warm out of your pocket but cold as it quickly offers up its heat.
Drop it into someone's palm and it will glisten with a nice BTC on it. Flip it over and scan the QR code and show the current value of it in bitcoin (or dollar/euro/litecoin/yen...) and make your trade.
The recipient of it will be enticed to scan it to show it to their friends, and they will see the price of bitcoin change over time. They may wish that they had taken the bitcoin instead of the silver. They may also be happy that they took the silver instead of the local fiat. So they won't be entirely disappointed.
We hope you will let us know how we are doing after you learn more about this project.
The goals of this project are many. Here are some of the top items on our bucket list of what we hope to accomplish with this offering:
- Create a durable and attractive specie for Bitcoin.
- Provide a floor backing in hard physical asset for Bitcoin as a global currency with a distributed decentralized bank, all the holders of specie.
- We wanted this to be a pocket-friendly piece, for easy daily carry as pocket change.
- Pieces ought to be easily carried and useful for trade at point of sale without worry about damaging the piece, or waiting for confirmations.
- Offer low-priced intrinsically-valuable high production volume quality piece that would be numismaticly attractive and innovative.
- Provide options for the collector community without pulling any Bitcoins out of circulation in the blockchain.
- Provide a means to swiftly and assertively present an accurate current value as both precious metal and bitcoin can suffer price volatility
- Support both completely anonymous and non-anonymous transactions through total fungibility (most previous physical bitcoins are individually unique and serialized) just like paper currencies.
- Support a definitive unit of account.
- Provide a bridge to non-bitcoin users so that the bitcoin economy may expand through the use of this innovative project.
- Global attractiveness, there should be something for everyone within the design, to encourage the peaceful prosperity that common units of trade have done through out the ages.
- Sold at volume, these should be available at a slight discount to displayed trade value so as to engender an organic distribution network of folks naturally compensated for providing that distribution service to their local community.
- Provide a commensurate but better value for money than was traditionally offered by the strongest specie offered by nations of old (US silver coins were 90% silver and 80% weight yielding 72% value for seigniorage). Ours are starting at 75% and projected to increase.
- Support the capability of conversion to any currency, crypto or fiat that a recipient of a trade may chose to honor, globally.
We do not seek to compete with any of the other physical crypto-currency available, but to provide a complementary offering. We owe a debt of gratitude to the previous offerings that have helped to foster the Bitcoin economy from early days. These are fundamentally different in an important way, they do not have any bitcoins embedded within them, they are fine gold and silver pieces denominated in Bitcoin.
The advantages of bitcoin and bullion are relatively opposite, but by unifying them, each gain strength from the other.
Bullion pieces are most useful in person and locally. Shipping them is costly, requires security, and delay.
Bitcoin is less useful at point of sale, requires time to confirm, but Bitcoin is the best there is for long distance transactions.
Bitcoin's value is consensus based, not backed, and not intrinsic. Bullion is the opposite.
The hope is that by providing this offering we create a way to unify these, and in so doing make each better than they could be alone.
The idea is that these specie can be used at a point of sale for trade value (barter money) in the same way that a crypro currency can, but with folks that have never used or wanted any bitcoin... It is a physical object, valuable to everyone, and as silver and gold are great conductors it will be warm out of your pocket but cold as it quickly offers up its heat.
Drop it into someone's palm and it will glisten with a nice BTC on it. Flip it over and scan the QR code and show the current value of it in bitcoin (or dollar/euro/litecoin/yen...) and make your trade.
The recipient of it will be enticed to scan it to show it to their friends, and they will see the price of bitcoin change over time. They may wish that they had taken the bitcoin instead of the silver. They may also be happy that they took the silver instead of the local fiat.
So they won't be entirely disappointed.We hope you will let us know how we are doing after you learn more about this project.
August 07, 2013, 08:11:14 AM
Wow those look sweet! 
August 07, 2013, 07:29:18 AM
NOW AVAILABLE!
SILVER BITCOIN SPECIE
COLDHARDCA.SH
SCAN THIS >->----------- ^^^
CURRENT SPECIAL: Bulk order pricing for July! Get the next lower premium price on all orders to be shipped at end of month.
Also Liberty Dollar Special, priced as Bitcoin Specie for Month of July.
See notice here
SILVER BITCOIN SPECIE
COLDHARDCA.SH
SCAN THIS >->----------- ^^^
CURRENT SPECIAL: Bulk order pricing for July! Get the next lower premium price on all orders to be shipped at end of month.
Also Liberty Dollar Special, priced as Bitcoin Specie for Month of July.
See notice here
spe·cie
ˈspēSHē,-sē
noun
1. money in the form of coins rather than notes.
More fun than you ever thought you could have with silver!
You have heard people criticize Bitcoin for not having a central bank and that Bitcoin isn't backed by anything. Now thanks to you that complaint is no longer true. Bitcoin has a decentralized bank and each of us can back our favorite virtual currency with Cold Hard Cash. This makes all of us, the decentralized bank, more resilient, more powerful and smarter-in-the-aggregate than any central bank could hope to be.
Scan the QR on these, or check the link above, to see their current value in bitcoin and in your local currency anywhere globally.
These are one of the best ways we have found to introduce Bitcoin to people unfamiliar with it yet.
You may have seen the announcements or reports in the press of a new silver bitcoin specie available from the makers of New Liberty Dollar. If not here are some:
http://www.slate.fr/story/76296/hacking-pas-ordinateurs-cuisine-musique (in French)
http://bitcoinmagazine.com/new-liberty-dollar-silver-qr-coin-obtains-live-bitcoin-prices/
http://www.thebitcoinchannel.com/archives/19662
https://program.ohm2013.org/event/59.html
https://www.kitcomm.com/showthread.php?t=122771
http://bitcoinviews.com/new-silver-liberty-dollar-qr-coin-obtains-live-bitcoin-prices/
http://thebitcoinnews.co.uk/2013/08/07/new-liberty-dollar-silver-qr-coin-obtains-live-bitcoin-prices/
http://freedomwat.ch/2013/08/06/new-silver-liberty-dollar-qr-coin-obtains-live-bitcoin-prices/
http://bitkoins.com/discussion/25059/new-silver-liberty-dollar-qr-coin-obtains-live-bitcoin-prices
http://ewallstreeter.com/new-silver-liberty-dollar-qr-coin-obtains-live-bitcoin-prices-5554/
This thread will cover questions and will be used to keep our important and loyal friends here at BitCoinTalk well informed on the development of this project and in gratitude of the many of you that have made suggestions and comments and offered support in ways large and small.
The project was first announced at OHM2013 in the Netherlands and has been reported in Bitcoin Magazine here:
http://bitcoinmagazine.com/new-liberty-dollar-silver-qr-coin-obtains-live-bitcoin-prices/
I will make every effort to keep you updated as the project evolves.
| Condition | Glisteningly Brillient Uncirculated |
| Composition | .999 Fine Silver |
| Silver Weight | 1 Ozt |
| Mint/Brand | New Liberty Dollar Presents: Cold Hard Cash, the Bitcoin Specie |
CURRENTLY SPECIAL SERIES AVAILABLE from a run of 100:
FIRST YEAR OF ISSUE GOLD PLATED HAND NUMBERED SILVER BITCOIN SPECIE COLLECTIBLE EDITION:
Pricing for the Silver Bitcoin Specie is visible at COLDHARDCA.SH/ag and is based on the silver spot market price (Monex Ask rate) plus premium for minting based on order quantity.
PREMIUM RATE DISCOUNTS AT:
| QTY above | 1 | |
| 10 | ||
| 20 | ||
| 60 | ||
| 100 | ||
| 200 | ||
| 500 | ||
| 1000 | ||
| 2000 | ||
| 5000 | ||
| 10000 | ||
| 20000 | ||
| 50000 |
Premiums are based on percentages of silver price per bitcoin
Reddit link
Jump to: