Topic: DO NOT BUY FROM BCMINT.com (Read 671 times)

I wouldn’t call it judging a mint. More like warning people away so they don’t throw their money away buying a product that they will never receive. I’d definitely want somebody to tell me if a mint was going to scam me.

This chat turn from Judging MInt - to Telenovelas (Soap Opera) . i would love to say many things here , but i rather keep it to myself since am not a Senior Member yet  . 

I'm sorry but I'm just going to stop answering. it's getting ridiculous.

[I completely understand what he is talking about, but I find his attacks on the "new" maker to be useless and unfounded, if everyone would have listened to him, casacius would never have made a coin,
collectibles have a whole story, they have sold loaded for almost 10 years now, frankly your opinion I don't care, it just looks like you're a bully or a things like that. you never dealt with me, you didn't even come to meet me, you don't even have 1 of my collectibles...go make your movies somewhere else, you're just a guy who judges people without knowing them, and people like you are useless, but very common on the internet.]


And when it's not the private keys the problem, it becomes a cash grab..... I understood how you are, it's good, you don't need to say more.

While I understand the argument the gentleman above makes about selling diy coins, there is something to be said about buying a highly sought after, beautiful, high end crypto collectible that is loaded by the seller, from a reputable seller. Imho these also command the highest resale price on the secondary market (not that I’d sell mine). Funded pieces have their place just as DIY pieces have their place. Ultimately it comes down to the buyer making an educated, well thought out buy. If I take a risk and buy a funded coin from a relatively new seller that’s on me. Is the coin worth the risk in my opinion? Am I keeping the coin for my self? If I sell the coin later and the keys have been swept I am responsible for the loss of funds, atleast in the eyes of the person I sold it to. Many factors go into this decision and once again it ultimately comes down to making the best, most well informed decision I can at the time with the information available to me. We all play this game and this game comes with inherent risks that we all try and navigate as best we can. Risk vs reward plays a huge part in my decisions to buy new, funded crypto pieces.

I wont disagree on that aspect of the allure. But really, the tradability is the same - you still have to trust that the person holding it (not the manufacturer) did not tamper with/compromise/replace the private key - while not super easy, it is also not impossible to remove a holo, scan the private key and replace the holo without someone able to tell - can the average person do it? probably not. But it has been done.

Basically, unless you buy from the manufacturer you have no way to know it is still intact and untampered with - you go from trusting the manufacturer to trusting every single person who laid fingers on it.

To each their own - I guess maybe a compromise would be to offer it both ways - the manufacturer loses nothing to sell it as a DIY.


edit:


I whole heartedly agree with the above.

Every key I have generated for anyone - I have said the above to - almost verbatim. 

Ok so I don't have time to write/quote/edit a book so I'll keep it short and to the point...

My overall point was that I did not know who MrHodlclub or any of these newbies selling loading items were from or their private key generating procedures.

I already stated I have no skin in any of these games, I just think a LOT of trust has been given to many new makers pretty fast, and it worries me, since the true test of time is time itself...  

I did not mean to vilify anyone, my overall point to my rant was that UNLESS you actually KNOW who the coinmaker is in REAL LIFE, how would you ever trust them, or their private key generation procedures?

I trust roughly only 3 or 4 coin/x makers right now, and even them with only smaller amounts.... Smoothie, Yogg, polymerbit, and Frank @ Alpen coin... Why? Because they have all done things slowly and with great thought and both Smoothie and Yogg are actually programmers who seriously know their shit - How would I know that you ask? Because I know them and have interacted with them about actual fuckin code lol... THAT is why I trust them. Frank, well, the test of time will have to happen, but he's well on his way and not rushing shit in a mad cash grab like some others look to be doing...

My rant had more to do with what Chib summed up much more nicely hahaha - "Not your keys, not your coins". Stay vigilant, never put more on someone else's keys that you can't afford to lose.
Sorry if I pissed anybody off, was not my intent, just worried for the community since these things seem to go so fast it's weird to me lately and I hate seeing people get burned.

To whoever wrote: "Destroy those keys!!" , I thank you... Just ask Tim @ TitanBTC, amirite?

Cheers and happy Memorial Day all, be safe out there!

If anyone would like to discuss further, please drop me a PM... /out

To me, the loaded coins/tokens/objects have an allure about them that the others just don't and typically won't.  Also, for the most part, a DIY loses tradability once assembled, really no fun in that.  If one is going the route of cold storage and being their own bank for their sats, then DIY makes more sense.

I would prefer all makers to offer DIY versions -after all, bitcoin is about "dont trust, verify" so everyone should really make their own keys and not trust the maker of any keys. That being said, we all have at one point or another done so and/or still do so.

Me personally would prefer all to be DIY

By DIY I thought the coins and the hologram sold not assembled. 


But yes for  buyer funded coins, coin and hologram assembled but not loaded, the problem is still the same if the creator is dishonest.

tldr: Your suggestion is interesting regarding whether it minimizes the risk, but the problematic point of trust is the private key. A DIY is still the same as a loaded if the private key is maintained by a nefarious creator that intends to sweep the coins. For example, I don't think the BCMint coins are preloaded, at least none that I ever saw were. So the same dilemma still exists. So they are fine, at best, as collectibles, but are they trustworthy as wallets?

Happy to help provide some guidance. Goes for anyone.


See link posted in my comment.

So yes the next step was DIY and/or "buyer funded" such as Kialara or AlpenCoin! But the replacement is not planned!   If one day I stop making loaded coins, it's because no one wants them anymore, but not because someone isn't happy, someone who has never bought one of my collectibles.  

Btw thank you for your trust and support ! always really appreciate !

Yes that's what I've been doing since, but confirmation is always safer, displayed delivered on the tracking does not confirm to me that it is the buyer who has it in hand. but yes I also use tracking in case of no response after a certain number of days.

You still may want the buyer to confirm they have received before funding.  If unresponsive, you could also check tracking to see if it got to them before funding.

Thanks bro. Would it be kosher with you if I PM’d you and asked a few questions? You seem to have a good amount of experience and I’d like to learn what I can about what to look out for / red flags / etc. I have a good general idea as I have stacked precious metals for many years but the physical bitcoin game is…. A bit more…. Complicated? Different side of same coin? Seems there are more hazards to collecting than just worrying about if my silver coin is actually pure silver. Thanks again bro.

No i think he speak about Cold Storage Coins (who is a coin maker too if i don't mistake) and BCMint.com

I see in the thread about Titan Issues that they keep the private key in a bank vault .... wtf XD

My process is clear, I shared it from the presentation of my first collection loaded with BTC( the 1HoDLCLUB Casino) when Cygan asked me, nothing has changed since!  

You can find it there -> https://bitcointalksearch.org/topic/m.57793863

are you referring to hodlclub as well as bcmint? I purchased many coins from hodlclub with no issues. I understand that it requires trust to be given to any coinmaker. But until there is an issue he should be given the benefit of the doubt. I have hopes that hodlclub will be a great coin for decades to come. If he is listening. Destroy the private keys if you still have them. Your success depends on your coins never being compromised. But until that time my coins stay loaded.

Oh there is no question in my mind that Cold Storage Coins are a scam waiting to happen ( https://bitcointalksearch.org/topic/m.58484556 ).  I've spent a ridiculous amount of time researching that company and it's owners and the owner is without question a scammer.  I once again implore anyone who has any loaded cryptocurrencies on any of these coins to immediately redeem them! Of course the same thing goes for the BCMint.com coins.. even they themselves recommended not funding the coins. 

Thank you a lot for your word Mopar ! really appreciate !



So yes indeed since the funding is done order by order, some buyers forget to contact me once the coins are in hand, suddenly I miss some loading! (Despite that I write it on my threads and on all my private messages  , and of course all end up being loaded)

To remedy this problem, I will start loading batches, this will save the buyer from having to contact me for this!




Yes indeed I'm a little too fast, it leads to mistakes, that's why I'm going to calm down about the help, it's that I don't want to include people in whatever the step because the trust is given to MrCryptHodl and not another person, I prefer to have all the responsibility on me and to have to work 4x more than to have to worry about the loyalty of another person! 

I already mentioned my issues with the mrcrypthodl items directly with mrcrypthodl - out of 21 coins and 2 ingots - I had 3 double funded coins and 1 coin where the address did not match the publicly provided address. The double funded coins were funded last year and again this year. The coin with a different address was an "extra" that was done by the mint in case one of the coins did not pass quality checks by mrcrypthodl - the list of addresses just was not correctly updated to reflect this. I did have some shipping issues where it too a few months to get shipped and where one shipment was short some coins and two shipments went to a different address than I provided - luckily the address was to someone else on here who lives close to me so I got the packages.

Last week - I peeled and redeemed all 23 coins/ingots - all private keys held funds, with 3 of them double funded.

He did give me an extra coin and an extra ingot to make up for the issues.

Also - in running the addresses on the publicly provided lists, it is noticeable that some others are not funded as I know a few other members here who have coins that were never funded as well.

Would I call him a scammer? No. Just rushing too much and trying to do too many releases without any help and without catching all the errors. I have been telling him to slow down for at least 9 months. And, as far as I know, he has remediated all issues.

Great points! I agree and certainly respect Owlcats' question. I just wasn't sure if he actually meant to question MrCryptHodl. All fair to be asking. I collect and trade these collectibles mostly so do not sweat the wallets too much since I do not trust many to load personal money on. I ride with Ballet though. I bought 3 BCMint coins (only received 1) and would never load these items. I think the Cold Storage Coins, which are widely distributed on Amazon, Bullion stores etc., is a disaster waiting to happen, and there are a few I cannot figure out, one is mentioned by Owlcats. Hodl seems cool though in my book.

Buy Bitcoin & beware of shitcoins too,

Steeley

Hi ! i hope you're fine ! 


It's me enchanted. I'm nobody, just MrCryptHodl, you can look in my profile and consult the threads I've created since January 2021 to find out.



I would like to hear them too, the last news the only problem I had was missed shipments because yes I am alone to do everything and sometimes it's intense!



My identity is known, it is enough to take the name of the company on my packages, to write it on the site of the register of the Swiss trade, for then fell on my Surname and first name and address.
moreover I am not hiding, AlpenCoin wanted to collect his book in person because he lives in Switzerland like me, I did not refuse, on the contrary, we saw each other and we talked together! a very good person by the way.(If you don't believe me you can go see his trust of 2021-09-03 in my profile.)


I understand your point of view, I'm not saying that here there are no scammers, I myself have been scammed in my life, this environment is complex, yes you have to do research, yes you have to do be careful because the coins are loader, etc etc
But is that a reason to vilify me like that?

are you doing this because you have seen newbies on my auctions? as you say below in my 5oz ingots thread ?


But have you researched and looked at my latest sales? I can tell you no, because the people you call newbis are all new collectors who participated in my old sales.
did you do any further research to find that I was advertising my collectibles and Bitcointalk on Twitter? Well no, otherwise with some research and comparisons you would have seen that they all come from twitter.

I don't know what you heard, I don't know who you are, but if you want respect from people, you should start by respecting them. You can be whoever you want, it can be written legendary under your nickname, I don't care.

If you have something to say about me, come tell me directly or create a thread, don't hide it in a thread that has nothing to do with it.

have a beautiful day !

Owlcats is not wrong. The reason I didn’t do that questionnaire for collectors thing BitBollo put together is because I just found myself writing negative things and I didn’t feel like putting it out there. Way too many of you collectors are far too trusting. So many of you new collectors don’t ask the important questions and don’t force makers to be more straight forward. If you read the scam thread you’ll notice I’ve written half of it, I have spent a lot of time busting coin makers and still people refuse to listen when I bring things up and just move on as if nothing has happened to this hobby in the past. Stay vigilant people, ask questions and stop being so trusting. You’ll notice the OG collectors here have fallen off from purchasing stuff of late and that’s for a reason!

Btw appreciate the thread, it’s important to always let others know about this stuff, never be afraid to speak up!

Maybe he's emphasizing that producers of a certain size should come out openly/publicly.

Albeit I made the first review of BCmint last August when I received my order (where everything went well) I wrote:"...but only time will tell how secure your privKey-management is => I, for my part, was not intended to load them anyway...". https://bitcointalksearch.org/topic/bcmintcom-physical-bitcoin-updates-august-23-5356044

Just4Fun: let's calculate the scam assuming all keys are compromised (straight forward planned scam):
Let's say (by far) not all of the 321 & 500pcs. of both series have been sold (assuming 200ea. sold) and just a fraction of buyers would even load the coin (let's say 10% of these coins really got loaded... max. 40 loaded coins left) and no one in his/her mind would put more than 0.001BTC on that thing (remember: it's a $24,- coin)... but for worst case calculation, let's assume all of that 40 coins got loaded with 0.01BTC => 0.4BTC max. damage but I'd estimate it to be more likely between 1-10% of that.

Maybe I'm just lazy (fact is I'm not a scammer but I got scammed enough in the early days... what didn't make me immune to scams -obviously- but at least more cautious) but for some hundret or even thousand bucks I wouldn't set up such an operation. And also maybe that's what people at BCmint thought by themselves after a while and got tired of it and just left that whole thing with a pay-to BTC-address...

So, question to the community: Has anyone of you ever loaded a BCmint coin and are funds still on the address? And has anyone of you ever redeemed a BCmint coin and 1.) is there really a privKey and 2.) does it fit to the pubKey printed on the coin?

owlcats: this thread started with Bullion asking about BCMint and then you respond by saying "who the fuck is MrCryptHodl". Was that a misprint? I don't think any has ever had a problem with MrCryptHodl. I have bought 1 or a few of everything he has ever made and he is always great. One of the best creators making coins right now in my opinion with the special bonus that he can load them without any problems where he is, and that he is always reliable.

What problem have you had? I am sure this can get worked out.

Steeley

Ive made about 15 purchases from hodlclub. Never any issues. Always came as promised loaded.

bcmint's pieces were also not sold loaded. --- nvm this was said above.

yes Warden was the BCMint representative. I last heard from him on March 16th. I believe up until the 1st qtr of this year everyone got what they had ordered/paid for - something happened near the end of Q1

Not to argue, but as for having the same issues - coldkey did have similar issues between last year to this year - I know I waited almost 10-11 months to get a card correctly funded.


The difference is that yogg had a strong presence here and had for quite some time. So he had earned that trust and I believe nearly everyone waited patiently for him to come back and fix the issues.

Idk about any of that buddy but it you’re talking about MrCryptoHodl from the 1HODLclub pieces he’s about as solid as they come in my opinion. BCmint.com is a website and I think the owner of the page may be a member on here but if I’m not mistaken hasn’t been active in some time. I’m not sure the issues you’ve had with raritycheck either but so far I’ve had none and he seems to be open and address any concerns anybody has. Also the BCmint pieces aren’t loaded/funded they are diy wallets. Hope all that gets worked out for you bro bc getting screwed over sucks. And I know it’s not aimed at me I completely agree on the topic of scamming and being careful who you buy from. It comes down to risk vs reward i guess and I try and make the best decision I can with the info I have at the time. I’ve only been burned twice BCmint included so hopefully that’s a wrap.

I can't say I did not see this coming unfortunately, that asshole was shady af from the get-go. Sorry for anyones loss, but this is why you should not buy loaded shit from strangers... BTW, who the fuck is @MrCryptoHodl anyhow? I hear he has a bunch of fuckin' issues going on as well... Keep to trusted loaded items made by people with known identities if you don't want bullshit or worry down the road, ffs, i'm sory but the common sense is not so strong here at times, I hate to say...  

People like this make the forum shit, and I've always been watching all these newbie dick-wads with a close eye... You know who you are...  *cough* rartychck lol...  

Disclaimer: Not aimed at you B-N-BTC, i hear you and glad you brought this up, I was wondering wtf was going on there - Just ranting I guess because I know coldkey products will NEVER be compromised or have such issues and it annoys the fuck outta me how people get away with such bs...


Edit - No skin in any of the games I mentioned either, Just bringing up "things" I've heard about etc... Take it as you will, I cannot reveal sources unfortunately... 

Do not buy from BCmint.com as you’ll basically be throwing your bitcoin away. Bought 2 pieces from them at beginning of May. Paid and got automatic confirmation email. That was almost 2 months ago. Have sent MULTIPLE follow up emails and messages. Have not gotten a refund, reply, email, tracking, or even a “F%#k you” of any kind. I placed a previous order in early 2021 and had no problems. Idk what has changed since then but I would strongly advise against spending any money on their site. At this point I’m at peace with the fact I got scammed and will be receiving no coins. Just wanted to put this out there for any thinking of scooping a couple up.
Bullion-n-btc