New Physical Bitcoin: This Represents a New Standard Folks - page 3.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Waramp22 on December 12, 2013, 04:29:54 PM

Quote from: RodeoX on October 17, 2013, 11:20:51 AM

Quote from: carlosiness on September 19, 2013, 11:05:15 AM

i dont really understand how it is related to digital money Huh

These are coins backed by bitcoins. A little like silver certificates are dollars backed by physical silver.

What happens when one bitcoin is worth double the amount of that coin?

I can make them myself and collect the profit?

One bitcoin (about $1000) is already worth more than the silver (2 oz, about $40) in the coin. You can make your own coins now if you are so inclined. What the heck are you going on about?

The coins cost 2 BTC + a premium for the silver and profit to the creators.

Story:

Back in the day someone bought a one ounce gold coin with 1000 BTC pasted on it with a sticker. IIRC at that time the value of the gold and the value of the 1000 BTC were about the same. Now look at it! The value of the gold has gone down and the 1000 BTC is now worth about one million dollars (give or take a few $100,000)!

Waramp22

sr. member

Activity: 321

Merit: 250

Quote from: RodeoX on October 17, 2013, 11:20:51 AM

Quote from: carlosiness on September 19, 2013, 11:05:15 AM

i dont really understand how it is related to digital money Huh

These are coins backed by bitcoins. A little like silver certificates are dollars backed by physical silver.

What happens when one bitcoin is worth double the amount of that coin?

I can make them myself and collect the profit?

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Goat and I want our coins! We want coins! We want coins!!! Wink

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

I know some people have expressed concern that some mints are being shut down in that they have not been registered with FinCEN.

Alitin Mint is a registered money transmitter with FinCEN and is also licensed in the State of Missouri. I believe they are doing everything above board.

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

Looks like they will be taking pre-orders very soon. I'm excited to get mine.

AU

member

Activity: 98

Merit: 10

incredible! i just need one

The 4ner

hero member

Activity: 602

Merit: 500

R.I.P Silk Road 1.0

Quote from: manoamano on October 17, 2013, 10:24:29 AM

Quote from: The 4ner on October 17, 2013, 10:22:15 AM

Why place an English face on the coin. That sort gives off the impression that the English are responsible for the creation of BTC.
Hmm?

Who do you want to put? An American? Cheesy

No one. Satoshi has yet to be discovered so why associate BTC with anyone else?

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

Quote from: PrincessTrouble on October 17, 2013, 01:55:00 PM

When will these (the first coin) be available?

Looks like the first ones will ship sometime in November, first come first serve. I may be able to hook a few of you up for pre-orders.

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

Just added a schematic of the security of the coin to the first post...;^*

PrincessTrouble

newbie

Activity: 19

Merit: 0

When will these (the first coin) be available?

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Quote from: BTCINVESTOR on September 25, 2013, 02:44:06 PM

Just got a pic of their next coin that will be minted too:

I don't know what the tails side will look like.

Very attractive coin.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: carlosiness on September 19, 2013, 11:05:15 AM

i dont really understand how it is related to digital money Huh

These are coins backed by bitcoins. A little like silver certificates are dollars backed by physical silver.

manoamano

full member

Activity: 182

Merit: 100

Quote from: The 4ner on October 17, 2013, 10:22:15 AM

Why place an English face on the coin. That sort gives off the impression that the English are responsible for the creation of BTC.
Hmm?

Who do you want to put? An American? Cheesy

The 4ner

hero member

Activity: 602

Merit: 500

R.I.P Silk Road 1.0

Why place an English face on the coin. That sort gives off the impression that the English are responsible for the creation of BTC.
Hmm?

steelboy

hero member

Activity: 756

Merit: 1000

Watching this one

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: ?? on ??

looks interesting but the case seems to be over hyped. im sure the coin will be pretty cool but the case? when can we get more details?

Yes, I would like to see a picture of the tamper proof case when you get a chance.

(Hi Goat - long time no see)

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Do you have an update on these coins? Delivery date, availability, list of addresses on line, etc?

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

Just got a pic of their next coin that will be minted too:

I don't know what the tails side will look like.

BTCINVESTOR

full member

Activity: 176

Merit: 101

Cryptographic money will be the bedrock in time.

Haven't actually purchased them. Just spoken for 5 of them. I'm sure they will be in the 500-600 range depending on the price of silver and bitcoin when released of course.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: BTCINVESTOR on September 22, 2013, 10:20:25 AM

Forgot to mention that they will publish all of the bitcoin addresses online and a status for each coin. Around 50 have been pre-sold. I am buying 5 myself.

If you bought 5 then you should know the price Huh

Topic: New Physical Bitcoin: This Represents a New Standard Folks - page 3. (Read 7224 times)