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Topic: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) - page 11. (Read 130362 times)

legendary
Activity: 4466
Merit: 3391
Quite honestly I don't even understand the FINCEN claims. How is Mike a money transmitter if no USD ("real money") is touched?

I don't know what FINCEN's specific claims are, but he is literally a money transmitter. Someone sends him bitcoins ("convertible virtual currency") and he mails bitcoins to someone. I doubt they are concerned about him selling single small denomination coins, but he does sell large denominations (100 BTC bar) and coins in bulk (rolls of 20 or 50 BTC) that are worth multiples of $10,000.

what about smoothie, he's in Hawaii.  Would this affect him too?

Last I heard, Hawaii is still in the U.S.
donator
Activity: 2772
Merit: 1019
Right, we can resell for him in europe

But I'm not sure FINCEN is ok if he resells only to europeans  Huh

Quite honestly I don't even understand the FINCEN claims. How is Mike a money transmitter if no USD ("real money") is touched?
donator
Activity: 2772
Merit: 1019
That news is frightening, however it makes all Casascius coins even more valuable than before

 Grin Grin

More valuable, but I will never own a gold casascius if mike cannot continue his job  Sad

Good luke Mike, maybe you should come in france or any other country that let you stick numbers on a token


indeed...

Happy for the valuation of the coins, but very very sad because a great project died Sad

I want a gold casascius too!


Is it an option to sell just commemorative coins and send the empy holograms with it and we fund the coin?
People can always check in the blockchain if the coin is funded before they buy one. As long as the holograms is intact, there should not be a problem...

Yes. Keep in mind, though: People would have to check not only the firstbits, but the full published coin address. Firstbits is easily faked.
donator
Activity: 2772
Merit: 1019
That news is frightening, however it makes all Casascius coins even more valuable than before

 Grin Grin

maybe it's just good marketing?
legendary
Activity: 1204
Merit: 1001
what about smoothie, he's in Hawaii.  Would this affect him too?


I asked myself the same question. He probably did not (yet) came onto the radar of the regulators...


Maybe Mike "Casascius" Caldwell should move to Alderney? Smiley

He shouldn't have to move. He should fight it and win. Has my support!
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
what about smoothie, he's in Hawaii.  Would this affect him too?


I asked myself the same question. He probably did not (yet) came onto the radar of the regulators...


Maybe Mike "Casascius" Caldwell should move to Alderney? Smiley
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Might be time for mike to retire.  He's got a ridiculous stockpile of bitcoins Smiley

The little guys might be able to get their foot in.

what about smoothie, he's in Hawaii.  Would this affect him too?
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
And it doesn't break the trust.  Mike can still provide the private key behind the hologram, but the user just sends funds to the full address after it arrives.

The fact is : if the user don't fund the coin and sell it, trust is broken

I agree partially. While obvious sense says "check the firstbits before buying", the purpose of these coins is that they hold the same amount of BTC as indicated by the face value. To allow coins to circulate that have a face value different from the loaded value would affect the trust mechanism.

ps: my gold-plated coins arrived today Smiley just waiting on address confirmation and loading
legendary
Activity: 1400
Merit: 1005
Is it an option to sell just commemorative coins and send the empy holograms with it and we fund the coin?
People can always check in the blockchain if the coin is funded before they buy one. As long as the holograms is intact, there should not be a problem...

That would certainly be risky, because if anyone found a way to remove / reprint the "first 8 bits" on the hologram, they would not need to ever fund the coin; they could just change the address on the back to one that is funded and sell it. Also, it would break the current trusted casascius standard which is that "as long as the hologram is intact, a casascius coin is funded"

scotjam
If anyone found a way to remove / reprint the first 8 bits, it would be a problem regardless of whether it is a Mike-funded or user-funded coin.

And it doesn't break the trust.  Mike can still provide the private key behind the hologram, but the user just sends funds to the full address after it arrives.

I think funded coins coming from the man himself is very important.

I was lucky enough to order a silver 1 BTC coin a couple of days before his announcement. It's a beauty. I really hope a way is found for other people to keep on obtaining them in the future.
What about waiting to fund it until it is delivered?  Then you're not sending any money through the mail, you're simply sending it electronically after the fact.
newbie
Activity: 27
Merit: 0
I don't think this news story has been posted here yet:

"U.S. Government Nastygram Shuts Down One-Man Bitcoin Mint"
http://www.wired.com/wiredenterprise/2013/12/casascius/?cid=co15653054


This might be a good project for the Foundation.

The boundaries of regulation are often set by litigation.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I guess as long as they originate from him it doesn't matter where in the world they're sold to. Unless he's fully established in another country or floating about in international waters it's something that would have to be addressed at source.

Hopefully a workaround or a compromise will turn up soon. Prequalifying buyers is mentioned. Perhaps that's enough.
hero member
Activity: 574
Merit: 500
1.21 GIGA WATTS
so that's it? Not selling any more? what happens with what's left?  I'll sell them for you in Australia.  would that work?

what if he gave them away for a donation?  could this work?

I don't know what I'm talking about, but surely there's got to be a way.  I've been eyeing the 4 coin set and wanted to buy sooner or later and I never though it would be shut down.  
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
I think funded coins coming from the man himself is very important.

I was lucky enough to order a silver 1 BTC coin a couple of days before his announcement. It's a beauty. I really hope a way is found for other people to keep on obtaining them in the future.

he should smuggle them to Europe Wink
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I think funded coins coming from the man himself is very important.

I was lucky enough to order a silver 1 BTC coin a couple of days before his announcement. It's a beauty. I really hope a way is found for other people to keep on obtaining them in the future.
sr. member
Activity: 269
Merit: 250
Is it an option to sell just commemorative coins and send the empy holograms with it and we fund the coin?
People can always check in the blockchain if the coin is funded before they buy one. As long as the holograms is intact, there should not be a problem...

That would certainly be risky, because if anyone found a way to remove / reprint the "first 8 bits" on the hologram, they would not need to ever fund the coin; they could just change the address on the back to one that is funded and sell it. Also, it would break the current trusted casascius standard which is that "as long as the hologram is intact, a casascius coin is funded"

scotjam
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
That news is frightening, however it makes all Casascius coins even more valuable than before

 Grin Grin

More valuable, but I will never own a gold casascius if mike cannot continue his job  Sad

Good luke Mike, maybe you should come in france or any other country that let you stick numbers on a token


indeed...

Happy for the valuation of the coins, but very very sad because a great project died Sad

I want a gold casascius too!


Is it an option to sell just commemorative coins and send the empy holograms with it and we fund the coin?
People can always check in the blockchain if the coin is funded before they buy one. As long as the holograms is intact, there should not be a problem...
full member
Activity: 182
Merit: 100
The General
That news is frightening, however it makes all Casascius coins even more valuable than before

 Grin Grin
member
Activity: 105
Merit: 11
I was afraid of this the very last year:
https://bitcointalksearch.org/topic/m.1405041
full member
Activity: 198
Merit: 100
I don't think this news story has been posted here yet:

"U.S. Government Nastygram Shuts Down One-Man Bitcoin Mint"
http://www.wired.com/wiredenterprise/2013/12/casascius/?cid=co15653054
legendary
Activity: 1272
Merit: 1012
howdy

when i search them on uberbills, they all say opened. when i search on blockchain, i can't find them.

i ordered these straight from casascius.com, so i don't think they are counterfeit. i do also see them on the pgp signed list.

i did email mike do fund the coins 2 days ago and yesterday as well. maybe he hasn't gotten around to it yet. could that be the reason i can't find them?

I checked geoffreyqp's coins and they were marked correctly in the CBA database. You must wait at least a day after being funded for the scanner to update the coins address.
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