Topic: Physical Crypto General Discussion (Read 4375 times)

Plus, having the private keys to millions of dollars worth of BTC in your possession is a great way to get kidnapped.

But still, I guarantee there's at least a couple of physical crypto vendors out there who have a copy of every private key they've ever generated.

You can't unless you were there to witness the destruction of all the keys and any media they were stored on.  This is where trustworthiness comes into play, and you have to believe and trust in those who made the coins that they did what they say they did.

How can one be sure the manufacturer didn't copy the private key and cashes in unused coins after some time?

the addition of the section would result in a beautiful  cleaning of the  market topics , making research more 'easy,the 80% of the ads in goods  regards physical bitcoin

Gross, no fuckin way. You'd have a thousand noobs clamoring for their own subsection just because they queefed out a bunch of stickered rounds.

This was the thread for the poll

https://bitcointalksearch.org/topic/subforum-request-physical-bitcoins-collecting-subforum-1095046

More pollsters would be a good thing ....

I started a thread with a poll over in the Meta sub forum for that.  Can't find it at the moment where I am but if you go look there please feel free to bump it up and add to the discussion.  Maybe someday someone with mod power will take notice and create it for us. 

If it achieves its 75%, then that switches to the new core, and the coins are worth nothing less than they are today.  XT is a set of enhancements to core just like QT was/is. The blockchain continues, your coins stay the same, and life goes on. 

Now let's not derail this into a discussion about XT.  There's enough of that over in the "Discussion" sub forum.

Trying to get my head around, what happens to perceived value of Casascius coins if XT eventually gets its 75% miner adoption.
I guess Casascius coins will be the least, crypto has to worry about.   

I think that we need a section on the forum for the physical coins,  can we maKe a pool? Or a formal request?

Thanks for that...makes sense
Always interesting to follow the differing thoughts ... its similar to the arguments about taking a loan in btc and then price rises (as in the kingofsports saga).

Casascius is mostly traded in bitcoin not dollar. Interesting enough is the price more or less constant in terms of bitcoins.
E.g. 1 BTC Silver cost 2.2-2.5 BTC now at 1 BTC = 265 USD, the price was the same 1 year ago when 1 BTC = 500 USD.

There is a trend; when bitcoin exchange goes up, then does the price of Casascius also go up a bit.
This is because, higher bitcoin prices attracts new bitcoiners - some of them will look to buy Casascius coins, thus increasing the demand.

Guys, when pricing/valuing coins do you take the market exchange rate into account at time of trade? Or is it strictly btc amount?

I.e. As of now, the exchange rate is ~10% lower than a week ago - if an MS68 Cas coin sold for 4btc a week ago, all other things being equal, would another same MS68 coin be worth 4.4btc today, or still 4btc?

Opinions on exchange rate...

Dont believe it will include verification. The price before depended on the value of the coin and also the speed of turnaround. Some will win, some will lose. If you have any volume, they will generally negotiate a discount

$19 per coin is more then what they had been charging their "normal" customers in the past. They were charging $14 (plus $7 for verification). Or does the $19 include verification?

I have just recieved a new grading form from ANACS. They wont be publishing it on their website for a week or 2, but they have given me the green light to share here. Its been talked about for a little while, but it has finally happened.

Its a bit special, in that they are recognising the physical crypto coins as their own distinct category on the submission forms. Thats a real step forward in my eyes ... mainstream here we come 

I cant let it pass without restating what a shame it is that ANACS will give us our own section, but the forum wont. (Mods, please take note)

I have put a copy of the form on PDFy
https://pdf.yt/d/vA7tlh6CBIvV23PJ
You can download, or print straight from there

The ANACS office manager has said
"They decided to go with the verbiage of “Physical Cryptocurrency” instead of “Private tokens and medals”, however these are the changes we discussed previously.  Max value of $100 per token. The only additional change is a max submission value for international orders of $5000.  Meaning the total value for the entire submission is capped at $5000 in insurance value."

Any discounted rates negotiated previously will also be honoured. But having a 'base rate' of $19 is also positive for submitting lower numbers of coins

Please feel free to use this, share this, and reference it in any other threads. Lets get this form out to those of us who do submit coins, return some of the faith that ANACS have placed in physical crypto.

It will be really interesting to see if given this change by ANACS, if any of the other big grading organisations take note, and reconsider their stance wrt cryptocoins

*Talking about Casascius*

Seems far more buoyant than it was a few months ago. Lots are changing hands and there are some hefty premiums popping up for the lower denominations.

Just curious - how do you all think the market is for physical coins these days?  I still have a few left, but am unsure if this is a bad time to sell because I haven't been keeping up on it much.

Since all of us are in some state of acquisition or liquidation of Casascius coins, we all are maintaining a BTC balance.

I'd love to get all of you to respond to a bitcoin wealth distribution poll I just set up in the main Bitcoin forum -> https://bitcointalksearch.org/topic/need-your-vote-bitcoin-wealth-by-region-1133078

This poll has been done in the past, my new version overlays geographic region so we can see wealth distribution around the globe.

Please take a minute to share (anonymously) where you fit in the wealth distribution and may you all see good fortune come your way!

Thanks.