There is enough of a metal ring around it that sliding is mostly metal on metal.
Ok, I'm sold.
Maybe molecular is right and the typo coins will be worth more as a collectors item in the future!
Topic: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) - page 46. (Read 130386 times)
Ok, I'm sold.
Maybe molecular is right and the typo coins will be worth more as a collectors item in the future!
Current 25btc has same typo.
There is enough of a metal ring around it that sliding is mostly metal on metal.
There is enough of a metal ring around it that sliding is mostly metal on metal.
So how long until the new batch of coins are ready? I really want some of these beauties, but I might wait for the corrected holograms. Does anyone know if the 25 btc coin has the same typo on the hologram as the 1btc denominated coins?
Also, I was wondering how the coins feel when sliding them across each other, what with the friction of the plastic hologram covering the metal on one side. Do they feel... right?
Also, I was wondering how the coins feel when sliding them across each other, what with the friction of the plastic hologram covering the metal on one side. Do they feel... right?
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction?I guess he smiled and looked very interested while thinking 'OMG as soon as I'm in office I need to make that shit illegal and send this guy here to Guantanamo'.
He wants to become a president. Obviously he will oppose anything that threatens to minimize government power which is what Bitcoin has the potential to do.
Or do you guys think you can find _any_ president who would embrace something like Bitcoin?
Joe
Ron Paul has sponsored legislation to explicitly legalize competing currencies such as gold and silver, and remove the tax disincentives to their use. Such a law would apply to Bitcoin just as silver/gold.
http://www.ronpaul.com/congress/legislation/111th-congress-200910/legalize-competing-currencies/
I was quoted falsely here. I didn't say that.
As a European and as an anarchist I don't even know anything about Ron Paul.
But what I know is that politicians will say anything that pleases their target groups before elections and that whatever they say has got nothing to do whatsoever with what they intend to do and what they will do.
It is the most basic principle of power politics that these are two completely seperated issues and this has been taught by power politic mentors and advisors from Plato to Machiavelli to Bernays and Strauss.
It is therefore completely irrelevant what these people say and not worth waisting time listening to it, not to mention discussing it.
My 5 Millibitcoins, going completely off topic but something here got me started.
Joe
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction?I guess he smiled and looked very interested while thinking 'OMG as soon as I'm in office I need to make that shit illegal and send this guy here to Guantanamo'.
He wants to become a president. Obviously he will oppose anything that threatens to minimize government power which is what Bitcoin has the potential to do.
Or do you guys think you can find _any_ president who would embrace something like Bitcoin?
Joe
Ron Paul has sponsored legislation to explicitly legalize competing currencies such as gold and silver, and remove the tax disincentives to their use. Such a law would apply to Bitcoin just as silver/gold.
http://www.ronpaul.com/congress/legislation/111th-congress-200910/legalize-competing-currencies/
edit: Fixed quotation problem. The above unquoted text is mine, not joecooin's
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction?I guess he smiled and looked very interested while thinking 'OMG as soon as I'm in office I need to make that shit illegal and send this guy here to Guantanamo'.
He wants to become a president. Obviously he will oppose anything that threatens to minimize government power which is what Bitcoin has the potential to do.
Or do you guys think you can find _any_ president who would embrace something like Bitcoin?
Joe
I hate to say it, but maybe Ron Paul?
Or do you guys think you can find _any_ president who would embrace something like Bitcoin?
There are likely people who embrace Bitcoin and would also be up to the challenge of being POTUS. I would be heh. Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction?I guess he smiled and looked very interested while thinking 'OMG as soon as I'm in office I need to make that shit illegal and send this guy here to Guantanamo'.
He wants to become a president. Obviously he will oppose anything that threatens to minimize government power which is what Bitcoin has the potential to do.
Or do you guys think you can find _any_ president who would embrace something like Bitcoin?
Joe
That doesn't satisfy me. Another address could've been generated intentionally using a vanity address generator or by chance.
Chance alone is very unlikely, but I'm willing to pgp sign a list of all the Bitcoin addresses used in this project. suggestion add a option on the webpage to check the short address and get the long address and lick this directly to blockexplorer
This.
Why not keep an up-to-date, searchable database of short and long addresses on casascius.com and link them to blockexplorer? This would be much more convenient than looking through the list of addresses posted to pastebin.
This would provide an easy way to check if a casascious coin is counterfeit or not, if counterfeiting becomes a problem.
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction? 
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works. To add to the moment, this is the mural that stood behind me as I spoke:
Awesome!
Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
To add to the moment, this is the mural that stood behind me as I spoke:
To add to the moment, this is the mural that stood behind me as I spoke:
100 BTC bars. Hmmm. I suppose it would be a good way to hide your bitcoin treasure in you pile of someday worthless gold bars. 
Haha.
You make a very good point. I wouldn't use this as savings wallet myself, there's better ways to hide your virtual treasure chest.
100 BTC bars. Hmmm. I suppose it would be a good way to hide your bitcoin treasure in you pile of someday worthless gold bars.
I see that Memory Dealers is selling the 100btc bars now. Do they have the full-length private key affixed, or do they also use a mini version?
+1 Casascius for having made another nice and shining piece, that allows people who don't understand the concept of cryptocurrency to be able to _see_ and _touch_ Bitcoins!
And for having provided a workaround to be able to purchase Bitcoins with old fashioned ways of payment like Master and Paypal!
Joe
I see that Memory Dealers is selling the 100btc bars now. Do they have the full-length private key affixed, or do they also use a mini version?
While I trust Mike Caldwell a lot, there is still a possibility that he's keeping the private keys (I'm not suspecting he does, but it's a possibility). So there's still a trust issue involved. I wouldn't confidently use the 100 BTC coins for storage of my wealth.
I don't quite understand why you say it'd be somehow safer to deal in physical bitcoins than in virtual ones. The problem with paypal does not lie in the delivery of the bitcoins, but mainly in the reversibility of paypal transactions and the fact that paypal does not guarantee to keep your account usable. Did I misunderstand something?
The increased perceived risk at 100 BTC is understandable and was anticipated. So this bar comes in 2 versions, a 100 BTC one, and a blank one where you roll your own private key and denominate it yourself.
Normally people aren't going to be transacting the bars face to face so it is less of a concern whether it has a casascius hologram. The main attraction of the bar is how it looks and as a savings wallet. In my view, if you CAN produce your own private key, you should. There are tons of designs of generic holograms on eBay (diameter 1 inch or 25.4mm, I thought I saw a gold "fireworks" one the other day) or you could just use a regular foil sticker.
As for physical goods, credit cards and PayPal tend to give leverage to sellers who can prove they shipped physical goods to the buyer's confirmed address especially if the buyer had to sign for them.
I see (about the 2 bar versions). This is of course something quite different. You wouldn't use that to make physical payments, which I could well imagine being done with the 1 BTC coins. I see the use as a cool "key storage for savings wallet", though.
Thanks for clearing things up for me about paypal/physical shipping, makes sense.
While I trust Mike Caldwell a lot, there is still a possibility that he's keeping the private keys (I'm not suspecting he does, but it's a possibility). So there's still a trust issue involved. I wouldn't confidently use the 100 BTC coins for storage of my wealth.
I don't quite understand why you say it'd be somehow safer to deal in physical bitcoins than in virtual ones. The problem with paypal does not lie in the delivery of the bitcoins, but mainly in the reversibility of paypal transactions and the fact that paypal does not guarantee to keep your account usable. Did I misunderstand something?
The increased perceived risk at 100 BTC is understandable and was anticipated. So this bar comes in 2 versions, a 100 BTC one, and a blank one where you roll your own private key and denominate it yourself.
Normally people aren't going to be transacting the bars face to face so it is less of a concern whether it has a casascius hologram. The main attraction of the bar is how it looks and as a savings wallet. In my view, if you CAN produce your own private key, you should. There are tons of designs of generic holograms on eBay (diameter 1 inch or 25.4mm, I thought I saw a gold "fireworks" one the other day) or you could just use a regular foil sticker.
As for physical goods, credit cards and PayPal tend to give leverage to sellers who can prove they shipped physical goods to the buyer's confirmed address especially if the buyer had to sign for them.
Quote
Are physical Bitcoins legal?
No, it's a crime punished with death penalty and you will also go to hell. And Santa Claus will cry.
As great a conversation starter that the coins are, I suspect their biggest short term benefit will be that people can now buy
Bitcoins with a Credit card or Paypal.
Now just about anyone has a convenient way to buy Bitcoins.
The premium on the 25BTC coins is very reasonable, and will be even better on the 100 BTC product that is coming soon.
I'm suspecting that this may become a way to allow exchanges, or others, to sell Bitcoins safely using Paypal and Credit cards.
Any thoughts?
Bitcoins with a Credit card or Paypal.
Now just about anyone has a convenient way to buy Bitcoins.
The premium on the 25BTC coins is very reasonable, and will be even better on the 100 BTC product that is coming soon.
I'm suspecting that this may become a way to allow exchanges, or others, to sell Bitcoins safely using Paypal and Credit cards.
Any thoughts?
While I trust Mike Caldwell a lot, there is still a possibility that he's keeping the private keys (I'm not suspecting he does, but it's a possibility). So there's still a trust issue involved. I wouldn't confidently use the 100 BTC coins for storage of my wealth.
I don't quite understand why you say it'd be somehow safer to deal in physical bitcoins than in virtual ones. The problem with paypal does not lie in the delivery of the bitcoins, but mainly in the reversibility of paypal transactions and the fact that paypal does not guarantee to keep your account usable. Did I misunderstand something?
Jump to: