Funding an empty coin? | Bitcointalksearch.org

minerjones

legendary

Activity: 3206

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Quote from: Zyro on December 27, 2017, 01:52:19 PM

I had a thought. What if a well known coin maker offered a service to fund peeled coins / DIY coins for customers. This person would have to be an established coin maker and trusted by the community already, but I think it would be neat seeing some peeled coins get restored another another coin makers banner.

Thoughts?

Lealana did that with a few Cas coins.. forget if they funded them though.

And we remade the Ravenbits into our Cryptopods 1st series......

Personally, I wouldn't want to re-fund / fund any coins even if I was an established coin maker/producer that were not mine or my series.
It just seems like another liability.

As the nice person above me has stated.....make your own, fund your own!!
It's nice to buy a pre-made coin, but having the piece of mind knowing that you are the only hands involved is quite re-assuring to your crypto-safety.

Stay safe my friends.... Generate wisely!! Cheesy

digicoinuser

legendary

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I'd only recommend funding a coin for which you created the key pair. If you are unaware how to create the key pair, there are great resources available explaining how to create a public-private key pair securely.

killyou73

full member

Activity: 504

Merit: 185

Quote from: Zyro on December 27, 2017, 01:52:19 PM

I had a thought. What if a well known coin maker offered a service to fund peeled coins / DIY coins for customers. This person would have to be an established coin maker and trusted by the community already, but I think it would be neat seeing some peeled coins get restored another another coin makers banner.

Thoughts?

So we got OGnasty, who would say the service isn't worth his time unless you paid an enormous fee, smoothie who seems to be MIA?(I think), Mike, which would be really cool if he did but I think I have a better chance of winning the Powerball, denarium, (or however you spell it) based not in USA so shipping charges I don't think it would be worth it with the risk of losing it

ChiBitCTy

legendary

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Personally I hate having such cool holo’s just sitting dormant when they’d look so much better on the coin.

Zyro

sr. member

Activity: 344

Merit: 254

I had a thought. What if a well known coin maker offered a service to fund peeled coins / DIY coins for customers. This person would have to be an established coin maker and trusted by the community already, but I think it would be neat seeing some peeled coins get restored another another coin makers banner.

Thoughts?

krogothmanhattan

legendary

Activity: 2520

Merit: 3238

The Stone the masons rejected was the cornerstone.

I have no problem buying self funded coins at all. If they are from a reputable coin maker like Lealana and the hologram is intact, no problem at all.

NCCrypto77

newbie

Activity: 108

Merit: 0

Quote from: BG4 on December 26, 2017, 10:31:03 PM

Quote from: NCCrypto77 on December 26, 2017, 10:27:58 PM

Appreciate all the feedback. While I'm not planning on selling any of the coins anytime soon if ever, self funding seems like a sure fire way to limit the option. I suppose it was a way mentally to lock up the funds on something tangible and store it for awhile. Also, some of the coins that are .01 denominations seems like it would be cool to load so the face value matches real world value.

Can I recommend a nice paper wallet to fund..

Im working on it. Patiently waiting for your next auction!

Zyro

sr. member

Activity: 344

Merit: 254

Quote from: wheelz1200 on December 26, 2017, 11:28:11 PM

If you are going to fund lealanas, do them upfront so you don't have buyer dundee laser marker ked holos, they generally sell for less than the nonarked. But as far as security goes with lealana, they are both the same...

Exactly how i feel on the matter. I just used Lealanas as an example of a coin you could fund after, and might be able to still get a premium on it. But I completely agree you stand to make far more if the coin was loaded by Smoothie himself, rather than buyer funded after.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: snarfbag on December 26, 2017, 11:26:03 PM

Quote from: killyou73 on December 26, 2017, 09:43:15 PM

I think everyone here is missing the question, you should NEVER fund an empty lealana, cas, or titan or anycoin because someone else probably has the private key

I don't see how the Lealana Buyer Funded coins are any less secure or riskier than the pre-funded. They both have private keys and holograms placed by the smoothie. What am I missing?

If you are going to fund lealanas, do them upfront so you don't have buyer dundee laser marker ked holos, they generally sell for less than the nonarked. But as far as security goes with lealana, they are both the same...

snarfbag

copper member

Activity: 100

Merit: 18

Quote from: killyou73 on December 26, 2017, 09:43:15 PM

I think everyone here is missing the question, you should NEVER fund an empty lealana, cas, or titan or anycoin because someone else probably has the private key

I don't see how the Lealana Buyer Funded coins are any less secure or riskier than the pre-funded. They both have private keys and holograms placed on the coin by smoothie. What am I missing?

killyou73

full member

Activity: 504

Merit: 185

Quote from: Rmcdermott927 on December 26, 2017, 09:44:15 PM

I prefer to keep unfunded coins unfunded in case I decide to resell them some day. Just my 2 Satoshi.

I would agree, I funded a nasty fans seat and it took forever to sell because it was funded

wheelz1200

legendary

Activity: 3752

Merit: 1415

For recreational purposes I think funding is not a problem but don't fund something you plan on re selling. I personally don't but that's cause I buy coins for collection purposes and don't like messing with the original product as is.

BG4

legendary

Activity: 1006

Merit: 1024

PaperSafe

Quote from: NCCrypto77 on December 26, 2017, 10:27:58 PM

Appreciate all the feedback. While I'm not planning on selling any of the coins anytime soon if ever, self funding seems like a sure fire way to limit the option. I suppose it was a way mentally to lock up the funds on something tangible and store it for awhile. Also, some of the coins that are .01 denominations seems like it would be cool to load so the face value matches real world value.

Can I recommend a nice paper wallet to fund..

NCCrypto77

newbie

Activity: 108

Merit: 0

Appreciate all the feedback. While I'm not planning on selling any of the coins anytime soon if ever, self funding seems like a sure fire way to limit the option. I suppose it was a way mentally to lock up the funds on something tangible and store it for awhile. Also, some of the coins that are .01 denominations seems like it would be cool to load so the face value matches real world value.

Zyro

sr. member

Activity: 344

Merit: 254

Quote from: killyou73 on December 26, 2017, 09:43:15 PM

I think everyone here is missing the question, you should NEVER fund an empty lealana, cas, or titan or anycoin because someone else probably has the private key

Correct. Unless you got it from that coins maker. Such as Lealana (smoothie's coins) I think that would be ok to fund. But you won't get any resale value on it, no one would trust it. Well anyone with any sense wouldn't trust it.

Rmcdermott927

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I prefer to keep unfunded coins unfunded in case I decide to resell them some day. Just my 2 Satoshi.

killyou73

full member

Activity: 504

Merit: 185

I think everyone here is missing the question, you should NEVER fund an empty lealana, cas, or titan or anycoin because someone else probably has the private key

Zyro

sr. member

Activity: 344

Merit: 254

Your main problem your going to run into is credibility. Most of the people that sell funded coins here are either trusted, or they are selling funded coins from a previously trusted source.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: NCCrypto77 on December 26, 2017, 09:21:03 PM

What say the collectible community?

Purchased some great stuff on here recently. Can I get some of your opinions on self funding? Pros or Cons......

Thanks-

Sure.. Pros. You control it. Cons you can mess it up! Cheesy

Resale after self-funding - Don't bother. Tongue

NCCrypto77

newbie

Activity: 108

Merit: 0

What say the collectible community?

Purchased some great stuff on here recently. Can I get some of your opinions on self funding? Pros or Cons......

Thanks-

Topic: Funding an empty coin? (Read 275 times)