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Topic: [NEW] The Bitcoin Block, full block reward from BTCC Mint - page 3. (Read 4486 times)

hero member
Activity: 574
Merit: 500
Do I have to trust the seller with the private key? If I want to keep this long-term, can I ever trust the 25 bitcoin stays in there?
legendary
Activity: 1162
Merit: 1001
hero member
Activity: 494
Merit: 500
donator
Activity: 2352
Merit: 1060
between a rock and a block!
legendary
Activity: 1722
Merit: 1000
5+ people  Grin

There are 6 interested people so far so that's 5+  Wink

1
...
I'd bid for the "superblock" though, hopefully it could sell for less then its weight in gold!  Smiley

2

I'm in


3

I'm in

I'm interested.


4
Im in, lets do an auction and see where this goes.  I agree this is definately a nice piece.  Lets see what the bct market think its worth.


5

Jesus, I'd have to sell a god damn stack of my bullion to afford this, I'd probably rid myself of a proportion of my physical coins too - but I'm in - subject to the fact that if I win the auction you give me 1 week to acquire the BTC to pay you.

This thing is a monstrosity, in an awesome way of course Shocked

6

I bid 27 btc

edit:
Im in, lets do an auction and see where this goes.  I agree this is definately a nice piece.  Lets see what the bct market think its worth.

so that's 4 people interested

one more ? Cheesy
it's 5 now

So when does bidding start? Cheesy

hero member
Activity: 494
Merit: 500
legendary
Activity: 1722
Merit: 1000
From our collection of the Bitcoin Blocks mined so far, we have an extra large one:

Block #: 418,402
Address: 16AEBbzXfBuZb6atJu5coDMxtqGR8ieCoK
Bitcoins: 26.03392740

https://blockchain.info/tx/0d36ca5eb506babc58650d42a42e28f1aef1cf5b6d043c3b4c88b933c464efbe

Since it's the largest block mined so far, we are not selling it in the store, but rather, will auction it off in this forum if there's enough interest. (Starting bid for the auction will be 1.00 BTC, with no reserve price.)

If there are at least 5+ parties interested, then I'll start the auction in a separate thread.

thanks,
Bobby



5 people have expressed interest, should we have an auction?
legendary
Activity: 1120
Merit: 1002
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin

Sorry, don't intend on derailing the thread ( feel free to remove if necessary ) but is BTC something that you can be charged import duties on? I thought most countries class Bitcoin as a 'digital token'? I understand the duties on metals etc, but would they really charge duty @ x% of ~£15k?  Huh If so I'm out.
Import duty is for goods/products, not money. So its whether a given country classifies Bitcoin as money or not. A crude rule of thumb, would be if a country charges VAT on Bitcoin transactions or not, IMO. Trouble is, if it is money, then the problem is declaring this money as it enters a given country. All countries have limits to how much is allowed before declaration...or you get a stiff fine. And while Bitcoin price continues moon-like, this item certainly exceeds the vast majority of the limits, out there.
Tricky  Undecided

Thanks for the responses cryptoheadd and stereotype, appreciated. Guess I have some investigating to do, better give HMRC a call and see if someone can advise. The main reason for concern would be exactly this - this is sent funded due to the nature of this product. I know when I've purchased coins in the past from Titan and Alitin Mint that they were sent unfunded, with funding being done upon receipt of your order, so the declaration for Customs was just for the metal contents. With an incoming value into a country at ~$20k, I'm assuming you would get stung instantly with full import charges, which would be pretty damn substantial. Tricky indeed Undecided

yeah ... and dont forget VAT considerations/declarations ... these points should have been clearly exposed before .. but they just seem to forgot this.. as they forgot it for the launch of their first physical crypto items.. just  ask to their first customers in EU  what they think about it..
copper member
Activity: 686
Merit: 603
Electricity is really just organized lightning
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin

Sorry, don't intend on derailing the thread ( feel free to remove if necessary ) but is BTC something that you can be charged import duties on? I thought most countries class Bitcoin as a 'digital token'? I understand the duties on metals etc, but would they really charge duty @ x% of ~£15k?  Huh If so I'm out.
Import duty is for goods/products, not money. So its whether a given country classifies Bitcoin as money or not. A crude rule of thumb, would be if a country charges VAT on Bitcoin transactions or not, IMO. Trouble is, if it is money, then the problem is declaring this money as it enters a given country. All countries have limits to how much is allowed before declaration...or you get a stiff fine. And while Bitcoin price continues moon-like, this item certainly exceeds the vast majority of the limits, out there.
Tricky  Undecided

Thanks for the responses cryptoheadd and stereotype, appreciated. Guess I have some investigating to do, better give HMRC a call and see if someone can advise. The main reason for concern would be exactly this - this is sent funded due to the nature of this product. I know when I've purchased coins in the past from Titan and Alitin Mint that they were sent unfunded, with funding being done upon receipt of your order, so the declaration for Customs was just for the metal contents. With an incoming value into a country at ~$20k, I'm assuming you would get stung instantly with full import charges, which would be pretty damn substantial. Tricky indeed Undecided
legendary
Activity: 1554
Merit: 1000
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin

Sorry, don't intend on derailing the thread ( feel free to remove if necessary ) but is BTC something that you can be charged import duties on? I thought most countries class Bitcoin as a 'digital token'? I understand the duties on metals etc, but would they really charge duty @ x% of ~£15k?  Huh If so I'm out.
Import duty is for goods/products, not money. So its whether a given country classifies Bitcoin as money or not. A crude rule of thumb, would be if a country charges VAT on Bitcoin transactions or not, IMO. Trouble is, if it is money, then the problem is declaring this money as it enters a given country. All countries have limits to how much is allowed before declaration...or you get a stiff fine. And while Bitcoin price continues moon-like, this item certainly exceeds the vast majority of the limits, out there.
Tricky  Undecided
hero member
Activity: 1036
Merit: 501
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin

Sorry, don't intend on derailing the thread ( feel free to remove if necessary ) but is BTC something that you can be charged import duties on? I thought most countries class Bitcoin as a 'digital token'? I understand the duties on metals etc, but would they really charge duty @ x% of ~£15k?  Huh If so I'm out.

This shipment would be insured by BTCC and for that, they would have to declare the shipment value, i.e 30BTC or 20500 USD (As of now).
Customs fee would be a percentage of this value.
copper member
Activity: 686
Merit: 603
Electricity is really just organized lightning
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin

Sorry, don't intend on derailing the thread ( feel free to remove if necessary ) but is BTC something that you can be charged import duties on? I thought most countries class Bitcoin as a 'digital token'? I understand the duties on metals etc, but would they really charge duty @ x% of ~£15k?  Huh If so I'm out.
legendary
Activity: 3752
Merit: 1415
Is that an official bid or will there be a seperate thread with auction terms and conditions made...ending time, bid increases, etc.?
donator
Activity: 2352
Merit: 1060
between a rock and a block!
I wish you had used troy ounces instead of that puny 28 gram per ounce stuff...

31.1034768 * 10, now we're talking... and you can compare to gold Smiley
donator
Activity: 2352
Merit: 1060
between a rock and a block!
From our collection of the Bitcoin Blocks mined so far, we have an extra large one:

Block #: 418,402
Address: 16AEBbzXfBuZb6atJu5coDMxtqGR8ieCoK
Bitcoins: 26.03392740

https://blockchain.info/tx/0d36ca5eb506babc58650d42a42e28f1aef1cf5b6d043c3b4c88b933c464efbe

Since it's the largest block mined so far, we are not selling it in the store, but rather, will auction it off in this forum if there's enough interest. (Starting bid for the auction will be 1.00 BTC, with no reserve price.)

If there are at least 5+ parties interested, then I'll start the auction in a separate thread.

thanks,
Bobby


I bid 27 btc

edit:
Im in, lets do an auction and see where this goes.  I agree this is definately a nice piece.  Lets see what the bct market think its worth.

so that's 4 people interested

one more ? Cheesy
it's 5 now
hero member
Activity: 1036
Merit: 501
I wonder what the customs import duty would be on this one.
Someone had to pay 185€ on the 1 BTC coin.  Grin
legendary
Activity: 2828
Merit: 1222
Just looking for peace
Im in, lets do an auction and see where this goes.  I agree this is definately a nice piece.  Lets see what the bct market think its worth.

so that's 4 people interested

one more ? Cheesy
legendary
Activity: 3752
Merit: 1415
Im in, lets do an auction and see where this goes.  I agree this is definately a nice piece.  Lets see what the bct market think its worth.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Prices aside,

I think this is a very very unique and cool idea! Good luck with sales BTCC!  Smiley
copper member
Activity: 686
Merit: 603
Electricity is really just organized lightning
From our collection of the Bitcoin Blocks mined so far, we have an extra large one:

Block #: 418,402
Address: 16AEBbzXfBuZb6atJu5coDMxtqGR8ieCoK
Bitcoins: 26.03392740

https://blockchain.info/tx/0d36ca5eb506babc58650d42a42e28f1aef1cf5b6d043c3b4c88b933c464efbe

Since it's the largest block mined so far, we are not selling it in the store, but rather, will auction it off in this forum if there's enough interest. (Starting bid for the auction will be 1.00 BTC, with no reserve price.)

If there are at least 5+ parties interested, then I'll start the auction in a separate thread.

thanks,
Bobby



I'm in


I'm interested.

Jesus, I'd have to sell a god damn stack of my bullion to afford this, I'd probably rid myself of a proportion of my physical coins too - but I'm in - subject to the fact that if I win the auction you give me 1 week to acquire the BTC to pay you.

This thing is a monstrosity, in an awesome way of course Shocked
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