Be sure this doesn't happen to you.
Topic: ► ❎ ► LEALANA PHYSICAL LITECOINS FOR SALE - RESUMING SALES!!! - page 8. (Read 133698 times)
Just a heads up for those buying from a third party:
Be sure this doesn't happen to you.
Be sure this doesn't happen to you.
July 20th, 2014: Auction for ONE LEALANA 25 LTC 1 Troy oz 999 Silver Litecoin
****THIS IS THE ONE OF THE LAST FOUR OF THESE COINS I WILL BE AUCTIONING.*****
https://bitcointalksearch.org/topic/9-auction-for-one-lealana-25-ltc-1-troy-oz-999-silver-litecoin-1of4-left-702781
****THIS IS THE ONE OF THE LAST FOUR OF THESE COINS I WILL BE AUCTIONING.*****
https://bitcointalksearch.org/topic/9-auction-for-one-lealana-25-ltc-1-troy-oz-999-silver-litecoin-1of4-left-702781
Posted an auction for TWELVE 0.1 BTC 1/4 oz .999 fine silver Lealana Bitcoins:
https://bitcointalksearch.org/topic/m.7903375
https://bitcointalksearch.org/topic/m.7903375
Last auction for series #1 ONE LTC Lealana Brass coins for now:
https://bitcointalksearch.org/topic/m.7884105
https://bitcointalksearch.org/topic/m.7884105
I've posted an auction for FOUR rolls of 0.1 BTC brass Lealana Bitcoins:
https://bitcointalksearch.org/topic/6-fast-auction-6-for-4-rolls-of-20-2013-lealana-01-btc-brass-coins-696455
Individual roll bids are welcome.
https://bitcointalksearch.org/topic/6-fast-auction-6-for-4-rolls-of-20-2013-lealana-01-btc-brass-coins-696455
Individual roll bids are welcome.
I posted an auction for FORTY 2013 LEALANA 0.1 BTC Brass Coins:
https://bitcointalksearch.org/topic/fast-auction-4-for-forty-2013-lealana-01-btc-brass-coins-693348
https://bitcointalksearch.org/topic/fast-auction-4-for-forty-2013-lealana-01-btc-brass-coins-693348
Another series #1 auction: https://bitcointalksearch.org/topic/m.7813853
Posted an auction for TWENTY 1 LTC LEALANA Brass Coins (SERIES #1):
https://bitcointalksearch.org/topic/m.7796938
https://bitcointalksearch.org/topic/m.7796938
Posted an auction: https://bitcointalksearch.org/topic/m.7782428
Posted an auction for one of each of the following:
LEALANA LITECOINS
1 oz 999 Fine Silver 25 LTC
1/2 oz 999 Fine Silver 10 LTC (batch #2)
1/4 oz 999 Fine SIlver 5 LTC
1 LTC Brass
LEALANA BITCOINS
1 oz 999 Fine Silver - Gold plated 1 BTC
1 oz 999 Fine Silver 0.5 BTC
1/2 oz 999 Fine SIlver 0.25 BTC
1/4 oz 999 FIne Silver 0.1 BTC
0.1 BTC Brass
Note: One of the few 1 oz 25 LTC coins is a part of this auction that I have left.
LINK: https://bitcointalksearch.org/topic/m.7573786
LEALANA LITECOINS
1 oz 999 Fine Silver 25 LTC
1/2 oz 999 Fine Silver 10 LTC (batch #2)
1/4 oz 999 Fine SIlver 5 LTC
1 LTC Brass
LEALANA BITCOINS
1 oz 999 Fine Silver - Gold plated 1 BTC
1 oz 999 Fine Silver 0.5 BTC
1/2 oz 999 Fine SIlver 0.25 BTC
1/4 oz 999 FIne Silver 0.1 BTC
0.1 BTC Brass
Note: One of the few 1 oz 25 LTC coins is a part of this auction that I have left.
LINK: https://bitcointalksearch.org/topic/m.7573786
I put up an auction for a 25 LTC 1 oz 999 Fine Silver Lealana Litecoin 2013 series.
I have stopped selling these months ago, but am auctioning one of the few I have kept for myself to the highest bidder.
Get them while you can.
LINK: https://bitcointalksearch.org/topic/auction-for-one-lealana-25-ltc-1-troy-oz-999-silver-litecoin-auction-6-658830
I have stopped selling these months ago, but am auctioning one of the few I have kept for myself to the highest bidder.
Get them while you can.
LINK: https://bitcointalksearch.org/topic/auction-for-one-lealana-25-ltc-1-troy-oz-999-silver-litecoin-auction-6-658830
This is something for me to definitely consider and get clarity about.
Edit: It isn't impossible because what is to stop the person being checked for their ID from sending the payment address they received via registered mail to another person to pay for them? This doesn't solve the issue entirely as it is just another iteration of registered mail that is unnecessary. Or am I missing something here?
I dunno. It seems like you'd be safer. You're not enabling someone to do something they can't already do, and you have a good sense of the identity of who paid and who got the coins. You didn't enable someone to move money from point A to B any more than they could have. I don't really know the best way to explain it, but I have a hunch that my attorney would probably concede the overall risk in doing this was less but non zero, for lots of little itty bitty reasons, the largest of which could be that he might get FinCEN on the phone and simply ask them and hear them say "yeah we don't consider that to be money transmitting".
Ultimately at the end of the day, the actual risk is a function of how much you bother people who have the power to regulate money into doing something about it. It could very well be that selling physical bitcoins was never money transmitting to begin with, but challenging FinCEN's opinion would be unduly costly (not to mention it's an opinion likely to evolve over time on its own anyway as Bitcoin becomes more widely understood)
I posted an auction here: https://bitcointalksearch.org/topic/m.6822180
for the first assembled 0.1 BTC brass coins. They have the lowest numbered holograms on them.
for the first assembled 0.1 BTC brass coins. They have the lowest numbered holograms on them.
This is one idea I have thought of if I were to resume sales:
Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.
When they pay, ship only to the same name and address, also restricted delivery.
A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.
Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.
Not legal advice, am not a lawyer
Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.
When they pay, ship only to the same name and address, also restricted delivery.
A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.
Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.
Not legal advice, am not a lawyer
Much of my previous orders used registered restricted delivery. This is something I am going to be using for shipping purposes.
Essentially I am now selling metal coins with holograms on them that buyers fund themselves. Much like selling empty gift cards, if an analogy were to be used.
I see what you are saying concerning matching up a person to an address.
Edit: It isn't impossible because what is to stop the person being checked for their ID from sending the payment address they received via registered mail to another person to pay for them? This doesn't solve the issue entirely as it is just another iteration of registered mail that is unnecessary. Or am I missing something here?
This is one idea I have thought of if I were to resume sales:
Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.
When they pay, ship only to the same name and address, also restricted delivery.
A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.
Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.
Not legal advice, am not a lawyer
Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.
When they pay, ship only to the same name and address, also restricted delivery.
A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.
Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.
Not legal advice, am not a lawyer
I'm happy that you're selling again, but at the same time I'm glad I bought mine before they all became self-funded. Good luck with your future sales!
Thanks for that! Aloha!
I'm happy that you're selling again, but at the same time I'm glad I bought mine before they all became self-funded. Good luck with your future sales!
Oh snap, son! Do you have any of the first run error 10 LTC coins left?
LEALANA COIN SALES HAVE RESUMED!
GET YOUR COINS AT LEALANA.COM. <------------------
LINK: https://bitcointalksearch.org/topic/lealana-physical-btc-ltc-resuming-sales-unfunded-610924
GET YOUR COINS AT LEALANA.COM. <------------------
LINK: https://bitcointalksearch.org/topic/lealana-physical-btc-ltc-resuming-sales-unfunded-610924
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