[Interest check] Would you be interested in XMR coins made by BTCC?

lethos3

newbie

Activity: 1

Merit: 250

Quote from: owlcatz on January 13, 2017, 07:18:15 PM

Quote from: ?? on ??

Quote from: coin@coin on January 13, 2017, 05:55:56 PM

Guys this was my personal view, I have nothing against XMR and I'm aware it has some traction and lots of interest.

I see smoothie is doing a good job with physical monero and have some of the brass ones myself which look awesome.

I see other manufacturers may be able to come up with XMR coins too.

However I don't see BTCC getting into that because BTC is their main business and they mine them too.

My 2 cents

Well indeed there is no shortage of physical moneroj, besides smoothie cryptonic.net is doing pretty coins for years now.

Coin@coin is right - BTCC is not going to switch mining gear from sha256 to cpu/gpu just to mine blind xmr mining rewards into coins. Not going to happen, there is really no point. Everyone has different views on alts, we all have our "favorite coins", whether it's honey badger, honey pony or .. ...

Cheers!

Only BTCC can speak for BTCC.

There is a point if theres demand, thats called having a business you don't turn away customers just because their beliefs are different than yours specially when mining Monero is much easier.

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: BookofNick on January 13, 2017, 10:44:31 PM

Quote from: TookDk on January 13, 2017, 05:35:42 AM

Quote from: BookofNick on January 12, 2017, 12:20:49 PM

The main issue with physical XMR, as I understand it, is that there is actually no way to verify that the coin is loaded without, or course, peeling and spending. More trusted sources selling these (I consider BTCC to be "trusted") the better. I'd already have Smoothie's 3 XMR coin set if I could afford the XMR to load them!

Also, one of BTCC's gimmicks is loading the bitcoins directly from a block reward to put "uncirculated" addresses. I imagine you can do the same with XMR. Would be pretty neat. I'd buy.

Strictly speaking, then is there no way to know if a physical BTC coin is really funded before the hologram is removed and the private key is known. The current physical coin system is based on trust.

Sure there is. There is a public address on the front of the coin that you can check the blockchain to see if it's there, and know when it's been spent. The XMR address on the coin isn't verifiable on the blockchain - you can't check the address to know if there are funds and can't know if it's been spent or not.

If you're suggesting that you don't know for certain if there really is a corresponding private key to the public key on the front of bitcoin coins, that may be true, but all it would take is one person trying to spend their coin and realizing they don't match, or that there is no private key, to realize that the creators are scammers.

The public address on the front of the coin is is no guarantee. There could have been a mistake in when pairing public and private key (this has been seen before), this is more likely for the printed public keys, the window based coins is more safe. One could also think of a scenario where only a fraction of the coins in the population are empty either due to scam or mistake (this has been seen before). The point is that you can never know with 100% certainty without having access to the private key. The system is based on trust, you have to trust the creator that the coin is truly funded. Yes, if the creator is trusted and have a long record of making perfectly loaded coins and many people have tried to redeem them long time after they where sold (like Casascius), then will the public key give a reasonable reliable information about the funding status ...but can never be 100% sure with the public key alone. Remember I said "strictly speaking".

BookofNick

full member

Activity: 318

Merit: 116

Quote from: TookDk on January 13, 2017, 05:35:42 AM

Quote from: BookofNick on January 12, 2017, 12:20:49 PM

The main issue with physical XMR, as I understand it, is that there is actually no way to verify that the coin is loaded without, or course, peeling and spending. More trusted sources selling these (I consider BTCC to be "trusted") the better. I'd already have Smoothie's 3 XMR coin set if I could afford the XMR to load them!

Also, one of BTCC's gimmicks is loading the bitcoins directly from a block reward to put "uncirculated" addresses. I imagine you can do the same with XMR. Would be pretty neat. I'd buy.

Strictly speaking, then is there no way to know if a physical BTC coin is really funded before the hologram is removed and the private key is known. The current physical coin system is based on trust.

Sure there is. There is a public address on the front of the coin that you can check the blockchain to see if it's there, and know when it's been spent. The XMR address on the coin isn't verifiable on the blockchain - you can't check the address to know if there are funds and can't know if it's been spent or not.

If you're suggesting that you don't know for certain if there really is a corresponding private key to the public key on the front of bitcoin coins, that may be true, but all it would take is one person trying to spend their coin and realizing they don't match, or that there is no private key, to realize that the creators are scammers.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: ?? on ??

Quote from: coin@coin on January 13, 2017, 05:55:56 PM

Guys this was my personal view, I have nothing against XMR and I'm aware it has some traction and lots of interest.

I see smoothie is doing a good job with physical monero and have some of the brass ones myself which look awesome.

I see other manufacturers may be able to come up with XMR coins too.

However I don't see BTCC getting into that because BTC is their main business and they mine them too.

My 2 cents

Well indeed there is no shortage of physical moneroj, besides smoothie cryptonic.net is doing pretty coins for years now.

Coin@coin is right - BTCC is not going to switch mining gear from sha256 to cpu/gpu just to mine blind xmr mining rewards into coins. Not going to happen, there is really no point. Everyone has different views on alts, we all have our "favorite coins", whether it's honey badger, honey pony or .. ...

Cheers!

coin@coin

legendary

Activity: 1722

Merit: 1000

Guys this was my personal view, I have nothing against XMR and I'm aware it has some traction and lots of interest.

I see smoothie is doing a good job with physical monero and have some of the brass ones myself which look awesome.

I see other manufacturers may be able to come up with XMR coins too.

However I don't see BTCC getting into that because BTC is their main business and they mine them too.

My 2 cents

nikkisnowe

member

Activity: 105

Merit: 10

Personally I wouldn't want it, but who knows, having the physical "coin" to photograph and add to articles seems to work for Bitcoin. I'm willing to bet that 99.9% of the people who have heard of Bitcoin but not actually investigated it believe that it is, in fact, one of those shiny gold coins pictured in every Bitcoin article they see.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: ?? on ??

Quote from: coin@coin on January 12, 2017, 01:32:43 PM

XMR is fine and all but it's another altcoin at the end of the day. I personally don't follow it nor I plan getting into it.

Monero is not based on Bitcoin code so its not an altcoin.

If you're not king... you are an altcoin
Nothing to do with the code....

This is all dependent upon your own definition of what an alt coin is.

Monero is more of a complimentary coin in my view to Bitcoin.

wheelz1200

legendary

Activity: 3780

Merit: 1418

Btcc charges a decent "fee" for fresh minted btc, i would think if they stuck with titanium the fee would have to be reduced if you cant tell if the xmr is freshly minted with no transactions on them.

Disclosure: i dont know enough about xmr to speak about freshly minted xmr...

Liad.Services

full member

Activity: 238

Merit: 100

Well, BTCC coins are looking pretty neat, so I guess that everybody would love to get one.

Personally, I would buy one, depends on the material and the size,the price, and of course, the design of the coin is pretty important.

I guess that it would be better to have this interest check filled once you have the specifications of the coin.

If the coin looks good, I don't see a reason for people not to purchase that

.

Hhampuz

legendary

Activity: 3038

Merit: 6194

Meh.

I would definitely be interested in some low premium clean looking XMR coins. And considering the XMR community seems to grow each day I would have no doubt it would sell. Especially if you consider how many of the people involved in monero banked lately, some of them would probably like to get a couple.

The question then is though - would this be something that BTCC might be interested in? Considering they would most likely have to start up something completely new, learn about it, and get it to operate at the same good level as their BTC operation currently does. I doubt it, but you never know

.

EDIT: A diy XMR coin made by BTCC would be awesome. But from what I understand BTCC does not want to do diy coins.

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: BookofNick on January 12, 2017, 12:20:49 PM

The main issue with physical XMR, as I understand it, is that there is actually no way to verify that the coin is loaded without, or course, peeling and spending. More trusted sources selling these (I consider BTCC to be "trusted") the better. I'd already have Smoothie's 3 XMR coin set if I could afford the XMR to load them!

Also, one of BTCC's gimmicks is loading the bitcoins directly from a block reward to put "uncirculated" addresses. I imagine you can do the same with XMR. Would be pretty neat. I'd buy.

Strictly speaking, then is there no way to know if a physical BTC coin is really funded before the hologram is removed and the private key is known. The current physical coin system is based on trust.

DaveyJones

hero member

Activity: 768

Merit: 505

Quote from: coin@coin on January 12, 2017, 01:32:43 PM

In my opinion they should stick to BTC.

XMR is fine and all but it's another altcoin at the end of the day. I personally don't follow it nor I plan getting into it.

Thats BS reasoning IMHO, something is until it isn't or what. It is no altcoin it is Monero, people need to understand CC Market isnt only Bitcoin and Scams ( Black and White ) but there is also lot of legimate grey in between. Esp when you say you don't follow it.

On-Topic: I would be interested and as smoothies/lealana XMR auctions showed there is a market for that.

coin@coin

legendary

Activity: 1722

Merit: 1000

In my opinion they should stick to BTC.

XMR is fine and all but it's another altcoin at the end of the day. I personally don't follow it nor I plan getting into it.

miffman

legendary

Activity: 1904

Merit: 1005

PGP ID: 78B7B84D

Quote from: BookofNick on January 12, 2017, 12:20:49 PM

The main issue with physical XMR, as I understand it, is that there is actually no way to verify that the coin is loaded without, or course, peeling and spending. More trusted sources selling these (I consider BTCC to be "trusted") the better. I'd already have Smoothie's 3 XMR coin set if I could afford the XMR to load them!

Also, one of BTCC's gimmicks is loading the bitcoins directly from a block reward to put "uncirculated" addresses. I imagine you can do the same with XMR. Would be pretty neat. I'd buy.

I'd say BTCC is trusted enough, so that shouldn't be a problem.

I'm sure BTCC could mine XMR straight into their coins, but you can't know that it's fresh coins and it wouldn't be labelled as newly mined coins or anything similar. (AFAIK)

Quote from: Blazed on January 12, 2017, 12:50:56 PM

Not really...

XMR is alright and all, but with the lack of blockchain transparency and fresh blocks what would be the point? Oh, and I would also vote no for other alt coins if you plan on asking about others!

Unfortunately, fresh coins wouldn't really be a selling point for these coins. If anything, they'd just be another type of physical cryptocoin different to bitcoin.

Quote from: BG4 on January 12, 2017, 01:25:11 PM

Anyways why have a coin when you can print notes. ... Free to use .. Monero Note paper wallets
Since monero is on my radar, I came up with this to store them on.. just fill in the blanks

High resolution PDF link here
https://drive.google.com/file/d/0BzyVL4WoNJHiMDc2eWpvQzNPc28/view?usp=sharing

https://i.imgur.com/h38ISsJ.jpg

Very cool bg4! I'm sure many would find that useful.

BG4

legendary

Activity: 1006

Merit: 1024

PaperSafe

Monero China Mint just doesn't have the same ring to it as BTCC does.. or does it

XMRC Huh

Anyways why have a coin when you can print notes. ... Free to use .. Monero Note paper wallets
Since monero is on my radar, I came up with this to store them on.. just fill in the blanks

High resolution PDF link here
https://drive.google.com/file/d/0BzyVL4WoNJHiMDc2eWpvQzNPc28/view?usp=sharing

Blazed

legendary

Activity: 2128

Merit: 1119

Not really...

XMR is alright and all, but with the lack of blockchain transparency and fresh blocks what would be the point? Oh, and I would also vote no for other alt coins if you plan on asking about others!

BookofNick

full member

Activity: 318

Merit: 116

The main issue with physical XMR, as I understand it, is that there is actually no way to verify that the coin is loaded without, or course, peeling and spending. More trusted sources selling these (I consider BTCC to be "trusted") the better. I'd already have Smoothie's 3 XMR coin set if I could afford the XMR to load them!

Also, one of BTCC's gimmicks is loading the bitcoins directly from a block reward to put "uncirculated" addresses. I imagine you can do the same with XMR. Would be pretty neat. I'd buy.

miffman

legendary

Activity: 1904

Merit: 1005

PGP ID: 78B7B84D

This is an unofficial poll to see who would be interested in physical XMR coins made by BTCC. BTCC has no involvement in this poll. If there is sufficient interest, I would present the results to them.

If you are interested or possibly interested, please comment which denomination(s) you would prefer.

Feel free to express your views on this idea.

Thanks!

Topic: [Interest check] Would you be interested in XMR coins made by BTCC? (Read 1479 times)