I like the "LikeHero" design for a 50 LTC denominated coin.
Although IMO it doesn't make sense launching this kind of product yet. Maybe wait until price per LTC up above $6 to release them in fine Silver..
Topic: [POLL] What denomination of physical Litecoins would you like to buy? (Read 7648 times)
May 20, 2013, 10:30:53 PM
Guess I'll post this here too, I need opinions!
As stated earlier, I have delayed production a little bit so that I could get a better design. I have had 4 designers design something for me. I know which one I like the best, but I am interested in hearing your opinions.
LikeHero:
Xqisit:
Zinodaur:
Smeagol:
Please speak up about which design you like, what you you would change, etc.
Thank you,
Ch
As stated earlier, I have delayed production a little bit so that I could get a better design. I have had 4 designers design something for me. I know which one I like the best, but I am interested in hearing your opinions.
LikeHero:
Xqisit:
Zinodaur:
Smeagol:
Please speak up about which design you like, what you you would change, etc.
Thank you,
Ch
May 17, 2013, 02:57:56 PM
1 LTC coins out of 1oz silver and sell them for like 20 LTC. I'd probably buy some of those.
I like that idea but not for 1ltc at least for 10ltc/coinwith current spot price of silver of 22.5$/oz let's say you got them at 24$ and 3$/ltc = 8ltc for silver + 10 ltc + 3-5ltc
I would be ready to pay between 21-26ltc for a 10ltc-1ozSilver coin with current market condition for silver and ltc
My budget is tight on this first round of coins. I am planning on having coins made out of Silver, but unfortunately it's not possible the first batch. Whether or not this actually happens somewhat hinges on the success of my first batch of coins.
May 17, 2013, 02:51:37 PM
Not only do I vote for 25, BUT if you are intending on selling physical items I urge you to accept CC/Bank/PayPal. Doing so would widen the reach quite a lot and allow new 'adopters' to the Litecoin market (not everyone is comfortable or knowledgeable enough to mine/purchase coins on exchanges).
Unfortunately to accept CC/Bank/Paypal, I would need to comply by FINcen guidelines and register as a money handler. This is very expensive.. I have heard it costs 100s of thousands of dollars to set this up, and unfortunately I don't have that kind of money.
If I could do it legally, I would love to. But, in this current state of government awareness of Bitcoin/crypto currencies, I am not comfortable breaking the law just to sell some coins. All transactions will be done via crypto currencies.
May 17, 2013, 02:48:51 PM
Where is the "None, because this idea is fucking stupid" option?
Hi, although you may think this is stupid, there are others that feel differently.
Some people like to hold their money in their hands. Sure, they could just print a paper wallet, but you have to admit this is much neater than a regular old paper wallet. Also, it is more secure than a regular paper wallet because the private key will be hidden, so you can show it off you your friends and family.
It is meant as somewhat of a novelty for enthusiasts, or to introduce people to Litecoins that wouldn't be comfortable keeping an online wallet due to security reasons or the lack of computer savviness.
May 17, 2013, 02:37:46 PM
Keep in mind this design is a rough draft. Edges/spacing might not be exact. The coin will look better when minted and in its 3d shape and metal shine.
Not only do I vote for 25, BUT if you are intending on selling physical items I urge you to accept CC/Bank/PayPal. Doing so would widen the reach quite a lot and allow new 'adopters' to the Litecoin market (not everyone is comfortable or knowledgeable enough to mine/purchase coins on exchanges).
May 17, 2013, 02:35:44 PM
Where is the "None, because this idea is fucking stupid" option?
May 17, 2013, 02:33:03 PM
Hi guys,
I decided to hold off on production to get a better design to make these more unique and special. I have had about 4 graphic designers from the forums make a design. Not everyone has turned in their completed designs, so I am holding off of any announcement until then.
Everything is lined up with the hologram manufacturer and the coin minting company once I have a final design. I have gone through the necessary steps for pre-production including background checks, etc., for the hologram manufacturer. Both manufacturing companies are simply waiting on word from me to give them a final design. I expect to enter production next week.
If any of you are at the Bitcoin conference, PM me and I'll give you my phone number. We can meetup and I'll let you be one of the first to see the designs.
Cheers,
Ch
I decided to hold off on production to get a better design to make these more unique and special. I have had about 4 graphic designers from the forums make a design. Not everyone has turned in their completed designs, so I am holding off of any announcement until then.
Everything is lined up with the hologram manufacturer and the coin minting company once I have a final design. I have gone through the necessary steps for pre-production including background checks, etc., for the hologram manufacturer. Both manufacturing companies are simply waiting on word from me to give them a final design. I expect to enter production next week.
If any of you are at the Bitcoin conference, PM me and I'll give you my phone number. We can meetup and I'll let you be one of the first to see the designs.
Cheers,
Ch
May 17, 2013, 02:31:57 AM
Any update on when these will be available?
May 15, 2013, 03:09:41 PM
1 LTC coins out of 1oz silver and sell them for like 20 LTC. I'd probably buy some of those.
I like that idea but not for 1ltc at least for 10ltc/coin
with current spot price of silver of 22.5$/oz let's say you got them at 24$ and 3$/ltc = 8ltc for silver + 10 ltc + 3-5ltc
I would be ready to pay between 21-26ltc for a 10ltc-1ozSilver coin with current market condition for silver and ltc
May 15, 2013, 02:46:31 PM
This still in the works?
May 12, 2013, 01:50:13 AM
physical cryptocurrencies. "Its like fiat except you pay 40% just to hold it in your hand"
With the way Litecoin prices are rising, I expect the cost of each coin to be less than 40% of its value, especially on the 50 LTC denomination. Prices will be tied to the US dollar, they will change with the market. As Litecoin gains value, you will be able to buy them for less and less Litecoins.
The prices in the picture I posted were calculated when LTC was about $2.55 I think. Already today they would be cheaper than what I originally stated, it will be fluid though and change with the market price. I cannot control the market price of LTC/usd and what is costs to design, make, assemble, and sell them (since I have to pay for most of this proccess with FIAT.)
May 11, 2013, 11:27:07 PM
physical cryptocurrencies. "Its like fiat except you pay 40% just to hold it in your hand"
April 24, 2013, 12:01:49 AM
ETA of Physical Litecoins: ~1 month to 1.5 months 
Sweet... I probably shouldn't of said that. That's me not learning from BFL's mistakes. 4-6 weeks guys!
April 23, 2013, 11:59:06 PM
ETA of Physical Litecoins: ~1 month to 1.5 months
Sweet...
April 23, 2013, 11:53:18 PM
I wanted to thank everyone for voting and for your feedback in this thread and my other thread. It seems that there is enough interest to enter production. I have selected the quotes from the companies I chose to make the coins and holograms, I am just negotiating the details with them.
I will start an official thread for the project soon with an organized OP explaining more about the manufacturing process. I will try to be very transparent in the whole process, you guys must trust that I have the best interest for Litecoin at heart and would never intentionally scam anyone. Private keys will be destroyed more than effectively three times over, you can be sure of this.
ETA of Physical Litecoins: ~1 month to 1.5 months
I'm excited, I hope you guys are too. I am happy to be involved in a project that will hopefully be mutually beneficial to all Litecoiners.
Cheers,
Ch
I will start an official thread for the project soon with an organized OP explaining more about the manufacturing process. I will try to be very transparent in the whole process, you guys must trust that I have the best interest for Litecoin at heart and would never intentionally scam anyone. Private keys will be destroyed more than effectively three times over, you can be sure of this.
ETA of Physical Litecoins: ~1 month to 1.5 months
I'm excited, I hope you guys are too. I am happy to be involved in a project that will hopefully be mutually beneficial to all Litecoiners.
Cheers,
Ch
April 23, 2013, 06:11:41 PM
Glad you continued this project.
I voted for 50. +10% is a reasonable amount for a physical coin.
I voted for 50. +10% is a reasonable amount for a physical coin.
Thanks Skull!
Sorry to not bring you aboard as a developer, more than a few people contacted me and honestly I wasn't sure who I should choose, who would do the best job, and didn't want to hurt anyone's feelings. Thanks for supporting me anyways!
April 23, 2013, 05:57:38 PM
Glad you continued this project.
I voted for 50. +10% is a reasonable amount for a physical coin.
I voted for 50. +10% is a reasonable amount for a physical coin.
April 23, 2013, 01:52:01 PM
Free bump!
Thanks
Its hard to get opinions with this sub forum so cluttered.
1 LTC coins out of 1oz silver and sell them for like 20 LTC. I'd probably buy some of those.
I am planning on doing this in the future. Minting costs are too high to do silver coins in the first batch.
Also, whether silver coins become available in the future hinges on the success of this first batch.
April 23, 2013, 12:24:28 PM
1 LTC coins out of 1oz silver and sell them for like 20 LTC. I'd probably buy some of those.
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