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Topic: new real tangible physical bitcoin coin - page 12. (Read 56034 times)

full member
Activity: 182
Merit: 100
Canada?
hero member
Activity: 551
Merit: 500
18k gold plated brass coin only 5.99? How are you making these are they cast?
sr. member
Activity: 288
Merit: 263
Firstbits.com/1davux
It's a very neat idea but please, pretty please, this is supposed to be a world-wide usable coin, not just in the US. This means we definitely can't use the Thai baht symbol.

I mean, seriously: do you imagine a bitcoin-coin with a "$" symbol on it? Do you imagine reading/writing "$4.5" meaning 4.5 bitcoins? Wouldn't that be confusing? Then you know why the ฿ sign doesn't work either.

We're seeking for a fair economy system, and we can't even start being fair choosing the very symbol of the currency. That's depressing.
newbie
Activity: 56
Merit: 0
If you wanted it to be really cool, you would charge 1 bitcoin each coin and have an exchange in and out, with 100% reserve of digital bitcoins for all outstanding physical ones.  That would allow for easy transactions on the street.  This would allow for complete anonymity.  You would just have to be audited to insure that you hadn't given out more coins than bitcoins in your wallet.

I like the concept, but how would you prevent counterfeiting?
Another thing that may work is some kind of embedded EEPROM chip that contains an encryption key.  Maybe a wallet.dat file with just this one bitcoin in it.  Make it RFID and transfer the virtual bitcoin out of the wallet.dat when transferred, and make a new wallet.dat stocked with a bitcoin from your computer's wallet.dat before handing it out again.  In order for this to work, you would have to check the wallet.dat against the network before accepting, to insure there was a valid bitcoin inside.  Which would make it more cumbersome.

Maybe the gurus could come up with some scheme for such a scenerio.

Maybe it would be easier to just sell them as novelties Cheesy
newbie
Activity: 56
Merit: 0
If you wanted it to be really cool, you would charge 1 bitcoin each coin and have an exchange in and out, with 100% reserve of digital bitcoins for all outstanding physical ones.  That would allow for easy transactions on the street.  This would allow for complete anonymity.  You would just have to be audited to insure that you hadn't given out more coins than bitcoins in your wallet.

I like the concept, but how would you prevent counterfeiting?

As long as the value is low for a physical bitcoin, it wouldn't be worth counterfeiting, any more than counterfeiting quarters.  But if bitcoins go up to $100 each, then it would become very worth it.

Not sure how to counteract counterfeiting without multi-million dollar anti-counterfeiting technology like engraved holograms or something.
member
Activity: 111
Merit: 10
CoinedBits.com
If you wanted it to be really cool, you would charge 1 bitcoin each coin and have an exchange in and out, with 100% reserve of digital bitcoins for all outstanding physical ones.  That would allow for easy transactions on the street.  This would allow for complete anonymity.  You would just have to be audited to insure that you hadn't given out more coins than bitcoins in your wallet.

I like the concept, but how would you prevent counterfeiting?
newbie
Activity: 56
Merit: 0
Just bought 3.

If you wanted it to be really cool, you would charge 1 bitcoin each coin and have an exchange in and out, with 100% reserve of digital bitcoins for all outstanding physical ones.  That would allow for easy transactions on the street.  This would allow for complete anonymity.  You would just have to be audited to insure that you hadn't given out more coins than bitcoins in your wallet.


It would be ironic that the "real" bitcoins are ephemeral bits on a computer, and the "paper" bitcoins would be physical metal.  A complete 180 from how money usually works!

jr. member
Activity: 38
Merit: 1
Just ordered one of them. Will be a nice little memento of my adventures with Bitcoin  Cheesy

Same here. Very neat!
member
Activity: 111
Merit: 10
CoinedBits.com
Thanks for the feedback so far. I'll get these orders out ASAP.

To answer some of your questions:
Obverse/Reverse pictures: You've seen the Obverse, I will post a good picture of the reverse over the weekend. Below is a rendering of what the reverse looks like.

International shipping: I'm struggling how I can deal with international orders at the moment.

Bitbills: I agree making this coin like a bitbill would be cool. However manufacturing costs are a little too much for me to deal with right now.

What is the code on the back of the coin for: Each person who gets the coin can go to CoinedBits.com and enter their location and a message. This allows all those who had the coin the ability to see where the coin has been and what people think of it. OR... You can be creative and use the unique code for your own purposes.

Is this a real Bitcoin: Sorry for the confusion. I guess I shouldn't use the word "real". It has no real Bitcoin value. However, depending on how you use the unique code you might be able to have it represent real Bitcoins.

What is the point of these coins: To get these coins into circulation, and help spread the Bitcoin message to the world :-)

Obverse

Reverse
full member
Activity: 140
Merit: 100
Just ordered one of them. Will be a nice little memento of my adventures with Bitcoin  Cheesy
member
Activity: 64
Merit: 10
Typo on your website: peices
full member
Activity: 148
Merit: 100
This is awesome, can you share with us how you made them?  Did you go through a Chinese manufacturer?
kjj
legendary
Activity: 1302
Merit: 1026
It isn't really a bitcoin, just a brass coin with the logo stamped into it.

And it isn't really first if you count the limited edition resin coins that went around a while back.

But it is still really cool looking.  I ordered two.
member
Activity: 98
Merit: 10
very nice item, bought 2 of them.

You should make them like bitbills, and put a redemption code on them
member
Activity: 70
Merit: 10
Ordered.  Very sweet.

+1 for a pic of the obverse.
BGL
member
Activity: 60
Merit: 10
I like it, hiding it as a geocache is a cool idea too.
sr. member
Activity: 312
Merit: 250
It is a reasonable price.    +1 for not using some strange Bitcoin symbol.
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
Just bought one, how long does shipping take?

I'm leaving on the 14th and would like to have it by then
member
Activity: 126
Merit: 60
That's a counterfeit bitcoin !!!    Shocked
hero member
Activity: 531
Merit: 505
Please, post a photo of back side.

Also, I would like to order from EUROPE - is it possible? What would be the shipping?

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