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Topic: [LTC] [ANN] Physical Litecoins by CryptoVest (Project on hold) - page 12. (Read 13005 times)

newbie
Activity: 15
Merit: 0
Any idea on mint cost +spot? Shipping? Looks like a helluva idea. Wink
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
I am excited to announce that I am finalizing the designs and talking with a reputable tamper proof hologram company to make a physical Litecoin!!!

Security: I am using a very expensive high security tamper proof hologram to secure each private key. It will be made with a high DPI dot matrix printer with several security features that will make it nearly impossible to forge. On top of that, our hologram will be registered in a database with all the reputable high security tamper proof hologram companies that make these things, and they will refuse to make it for anyone but me.

As an added security protection, there will be a window on the back of each coin that reveals the firstbits so you can look the address up on any block explorer to ensure it hasn't been redeemed. That way you can have peace of mind when buying and selling the coins that it is actually loaded with LTCs!!

All private keys will be created on a freshly installed OS on an offline computer, then encrypted. Also, coin inserts will be printed immediately during the address generation. The private keys and public addresses will be saved after being encrypted on two USB drives, which will be stored in a safe. When each coin is made, the private key data for that coin will be destroyed, leaving the only back up of said private key hidden under the tamper proof hologram. Security is my main concern and be sure it is not taken lightly.

Coin Type:
First batch will be nickel plated. 1 OZ silver rounds to follow shortly thereafter (dependent on the success of the first batch of coins.)

Unfortunately all denominations will not be made at launch as it is too costly for me. However, I plan to get at least every denomination shown above done over the coming months. I plan on making 1000 coins for each denomination, to keep costs as low as possible and pass this down to the customers. So, in the first batch there will be 20000-4000 coins made depending on how much funds we can come up with for the project.

Ordering
No preorders at this time. Check back in the near future.

Expected Release:
Soonish  Smiley

What I need from you:
Your opinion on the design and what denominations you would like to be able to buy.

I'd like to thank Casascius for the inspiration to undertake this project! https://www.casascius.com/

UPDATE:
As stated earlier, I have delayed production a little bit so that I could get a better design. I have had 5 designers design something for me. I am interested in hearing your opinions on what you like and don't like about the designs. Thanks:

LikeHero:



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