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Topic: ►฿ ❎~ LEALANA-CASASCIUS (2012) 5 BTC BRASS HYBRID AUCTION - page 2. (Read 3661 times)

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.

Would they consider the escrow an employee of your company.  If not then bam...trusted escrow recieves the funds , smoothie you ship unfunded.  Once it hits eu escrow funds that address....but then what if they send to the wrong address.  Highly unlikely but look at that .01 casascius lesbian cow had that was accidentaly over funded.  That risk would now be on you.  Interesting though...

Yes that is another risk of the escrow funding the wrong address.

Yup I'm not sure using an escrow to hold the funds would be a viable option.

Let's assume a New York customer orders coins from me, then sends funding amount to 3rd party escrow, would I be in violation of the bit license law of New York?

I tend to think so given my association to the transaction. Not a good thing.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.
I think the major risk here is that the customer receives the coins and then claims that the coins were never received. The buyer would then potentially have possession of a coin that is not marked buyer funded that was never funded.

Because I send all packages via registered mail that would likely not be a possibiliy as there is a paper trail (chain of custody) and the coins are under lock and key the entire way until they are delivered and signed for.

So anyone claiming the coins never got to them would likely be lying.

I've never had a package go missing and get reported never delivered.

But I am still on the fence on that idea. It does carry its own risks as another 3rd party would need to be involved.

sr. member
Activity: 322
Merit: 250
so this is a casascius coin whit the hologram of a lealana coin?

Yes.
sr. member
Activity: 294
Merit: 250
★YoBit.Net★ 200+ Coins Exchange & Dice
so this is a casascius coin whit the hologram of a lealana coin?
copper member
Activity: 2996
Merit: 2374
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.
I think the major risk here is that the customer receives the coins and then claims that the coins were never received. The buyer would then potentially have possession of a coin that is not marked buyer funded that was never funded.
hero member
Activity: 679
Merit: 526
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.

smoothie, you already know my opinion on this.  Make it happen!  It would be epic.
legendary
Activity: 3752
Merit: 1415
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.

Would they consider the escrow an employee of your company.  If not then bam...trusted escrow recieves the funds , smoothie you ship unfunded.  Once it hits eu escrow funds that address....but then what if they send to the wrong address.  Highly unlikely but look at that .01 casascius lesbian cow had that was accidentaly over funded.  That risk would now be on you.  Interesting though...
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
I always thought the buyer funded clause was based on a USD threshold being mailed through USPS. I could've misinterpreted that from a long time ago last time this came up, more than likely it's just a personal stipulation of smoothie's.

I bid 0.03 BTC.

this is the current high bid ^
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers


This is what is stopping me from bidding on all of Smoothie's auctions. I'd love to buy a roll of dimes/quarters but the VAT/taxes would make it nowhere near profitable for me Sad.
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
1. The reason I am requiring funding of this coin is because there will only be one (which makes it special) and if someone is an avid collector they would have no problem funding the coin. And yes I would not want someone to buy this coin on the second hand market thinking it is funded when it is not.

2. @Hellot, I have no formula on the coins I require funding vs non-funded options. There have been some times when I have been away from my laser engraver and have had to require coins to be funded before they ship out.

hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
I always thought the buyer funded clause was based on a USD threshold being mailed through USPS. I could've misinterpreted that from a long time ago last time this came up, more than likely it's just a personal stipulation of smoothie's.

I bid 0.03 BTC.
hero member
Activity: 679
Merit: 526
I'd like to know his formula for buyer funded versus not, as well.  I have bought many coins from smoothie both buyer funded and not and I'm not sure what it is.  I have noticed that he insists that his more specialty items are funded.  Before he offered the "roll of dimes" I had asked him to put one together for me and I think he insisted I pre-fund them.  I've bought tubes of brass from him and if I don't care what I get, he doesn't seem to care if it's funded or not.  It's hard to tell.
 
legendary
Activity: 3752
Merit: 1415
If there is an ignorant buyer and he gets scammed then smoothie's reputation would get harmed even though he had nothing to do with it. Forcing the coins to be funded prevents this from happening.
Yes. This is the rationale Mick Caldwell used to enforce the integrity of Casascius.
[/quote]

But smoothie does sell other unfunded coins so why not this one?
legendary
Activity: 1554
Merit: 1000
If there is an ignorant buyer and he gets scammed then smoothie's reputation would get harmed even though he had nothing to do with it. Forcing the coins to be funded prevents this from happening.
[/quote]
Yes. This is the rationale Mick Caldwell used to enforce the integrity of Casascius.
legendary
Activity: 3752
Merit: 1415
If the laser etching is done after than it would be possible to laser buyer funded.  Being this isnt the case with this coin im sure its by design.  Maybe there will only be 1 funded and he will make multiple buyer funded ones later maybe not.  Could be a multitude of reasons that maybe smoothie can share on this thread so possible buyers will understand more clearly.
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