Again,
I just wanted to know how coins will be marked for import??
I hope they are marked as the coin value and not the loaded value.
If they are marked with loaded valie, many people are going to end up paying large VAT and import duties/taxes.
This will be a nightmare......
Please respond....
Thanks
Topic: [TEASER] Something new coming, and you all might be interested in... (Read 5044 times)
May 31, 2016, 06:44:50 AM
2 more questions (while you're still online 
).
- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
).- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
Introductory prices will be available until June 15, or until we sell out our current batch! :-)
See my previous post about total mintage.
In essence, we will only make a limited number of this edition, and will make a different edition after the block reward halving that will happen in July.
So go out and get your 2-star coins now before they sell out completely!
thanks,
Bobby
Hello-
How will the packages be marked when they arrive to their destination??
What kind of value and what type of merchandise will these be marked as??
For some people buying large amounts or a 10-pack, the taxes and import fees may be cost prohibitive.
Please let us know how this will be handled.
Thanks
May 30, 2016, 11:08:29 AM
2 more questions (while you're still online ).
- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
).- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
Introductory prices will be available until June 15, or until we sell out our current batch! :-)
See my previous post about total mintage.
In essence, we will only make a limited number of this edition, and will make a different edition after the block reward halving that will happen in July.
So go out and get your 2-star coins now before they sell out completely!
thanks,
Bobby
May 30, 2016, 11:02:02 AM
I agree they really need some better PR on the coin. BTCC just made a nice clip for the titanium coin. https://youtu.be/KkmYwsd-VzU
Hope you like the video as much as I did!
Our team did a wonderful job with this video. Kudos to a great marketing team at BTCC!
I'm very proud of all of them, especially the director!
:-)
(Is there a way to inline the video player here on the forum, so that everyone can see it? Or is that bad practice?)
thanks,
Bobby
May 30, 2016, 10:55:27 AM
When is the platinum coin coming out? wink
Ok, I would take 10 of them in box. Darn, not shipping to the US?
Ok, I would take 10 of them in box. Darn, not shipping to the US?
Sorry for the delays...
We were planning to ship them out today (Monday), but we've been swamped all weekend, to produce the coins to fulfill all of the pre-orders.
We're now aiming to send out the first batch tomorrow, Tuesday, May 31.
As for shipping to the USA, we're under the impression that US law does not allow us to sell these coins and ship into the United States. Obviously, we're disappointed if that's really true. We're actively investigating to see if this is indeed the case, or if there's a decent work around. Until then, we're not directly shipping to USA customers for now.
(If you have more information and would like to share with us, or have good ideas, please email us at [email protected].)
thanks,
Bobby
May 30, 2016, 10:47:58 AM
Can you confirm its funded with 1 BTC?
Is it numbered and what is the total mintage?
Is it numbered and what is the total mintage?
See my previous post about "numbered" coins and serial numbers.
Regarding total mintage, we haven't confirmed exactly how many we will make yet.
However, our plan is to discontinue this coin model after the block halving.
This means that we will only be making this coin, the 2016 One Bitcoin, Titanium V Series, up until the block halving in July.
After that, we will make a new coin, which will be funded by block rewards of 12.5 BTC each.
This means that not only is this series limited, it can't possibly be made anymore after July of 2016.
After block halving, the newer coins will have 3 stars instead of 2 stars....
Hope this makes sense!
thanks
Bobby
May 30, 2016, 10:41:35 AM
That coin looks very nice indeed.
Will the coins be sold funded or unfunded?
Any information on pricing at this current time?
Will the coins be sold funded or unfunded?
Any information on pricing at this current time?
Thanks! We like the design very much as well. :-)
All of these coins will indeed be funded. This is what's special about the V Series... they will ALL be funded from the block reward, the so-called "coinbase" transaction of each block, as the first transaction in the block. This can only be done by a large miner or mining pool, which is why this has never been done before for a physical bitcoin.
See my previous post about the pricing.
Enjoy!
thanks,
Bobby
May 30, 2016, 10:40:10 AM
2 more questions (while you're still online ).
- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
).- For how long will the introductory price stay?
- What's the total number of V-Series coins that you will produce?
May 30, 2016, 10:35:36 AM
Here it is! #PhysicalBitcoin from BTCC Mint. 1 BTC in Titanium, newly mined. #InCryptoWeTrust
Come back tomorrow for more photos and pricing details.
https://bt.cc/mnt11
Come back tomorrow for more photos and pricing details.
https://bt.cc/mnt11
Will the coins be numbered (as in serials) or unnumbered?
For this series, the coins will not be individually number, other than the fact that they are already properly (sequentially) numbered from the bitcoin blockchain.
Here's the more detailed explanation:
Unlike other physical coins, all of our V Series coins contain bitcoins straight from the bitcoin block reward, the so-called "coinbase" transaction. As you know, right now, before the block halving, the reward is 25 BTC (plus fees) per block, so we're filling 25 coins for each block mined.
and since each block has a unique block height, then your BTCC Mint coins will indeed have a unique sequence number. Just look at the block height, and the position of your coin address within that first transaction.
Basically, the coins are still serially numbered, and the best part: this is done via the public blockchain, with full proof.
We will soon post the full list of all transactions mined into this Titanium V Series, One Bitcoin.
If you like individually numbered coins, maybe we'll think about that for a future product! :-)
thanks,
Bobby
May 30, 2016, 10:27:54 AM
BTCC_Official, can you share a bit more of info about the coin: price, material, release date, if it will be a loaded coin ....
Sorry for the delay; we've been swamped with making the coins to fulfill all of the orders!
Only now, I'm getting to reply to the questions. :-)
Limited-time introductory prices:
- 0.10 BTC for the single coins
- 0.15 BTC for the coin in box
- 1.00 BTC for the set of 10 coins (no box)
(you'll have to add bitcoin value and shipping&insurance to this, during checkout process.)
Material is Titanium! You like it?
We were planning to ship today (Monday), but still swamped with last-minute packaging details.
Will aim to ship out tomorrow (Tuesday), May 31!
thanks,
Bobby
May 30, 2016, 12:07:10 AM
I agree they really need some better PR on the coin. BTCC just made a nice clip for the titanium coin. https://youtu.be/KkmYwsd-VzU
May 26, 2016, 07:17:54 AM
When is the platinum coin coming out? wink
Ok, I would take 10 of them in box. Darn, not shipping to the US?
Ok, I would take 10 of them in box. Darn, not shipping to the US?
When is the platinum coin coming out? wink
Ok, I would take 10 of them in box. Darn, not shipping to the US?
BTCC is missing out on a lot of sales. Ok, I would take 10 of them in box. Darn, not shipping to the US?
I'm sure that there are trusted members on here who'd be more than happy to help reship some coins. I actually think that there's a US group buy that may be using a re-shipper.
May 25, 2016, 06:08:58 PM
When is the platinum coin coming out? wink
Ok, I would take 10 of them in box. Darn, not shipping to the US?
BTCC is missing out on a lot of sales. Ok, I would take 10 of them in box. Darn, not shipping to the US?
May 25, 2016, 05:49:23 PM
When is the platinum coin coming out? wink
Ok, I would take 10 of them in box. Darn, not shipping to the US?
Ok, I would take 10 of them in box. Darn, not shipping to the US?
May 25, 2016, 04:38:59 PM
I like the design and the choice of metal used! I am not too worried about BTCC having the private keys and look forward to getting these coins. I prefer funded coins when given the choice since no one actually funds DIY coins...
Despite my worries, I am very tempted too.
I like the concept of loading them with fresh coins.
It is close to impossible to acquire virgin coins at this point.
This tx is funding of some of their coins:
https://blockchain.info/tx/8af2afb4487b274d67f16a5996748c6c9040326acb7cca5ef1d3d13a501b4196
Fresh from block 412445
That's awesome right there, yes!
I looked at this BTCC_Official's posting history, and he claims to be Bobby Lee in his first post.
I guess the only way to know for sure is if he can post a signed message or something, though.
May 25, 2016, 03:33:55 PM
I like the design and the choice of metal used! I am not too worried about BTCC having the private keys and look forward to getting these coins. I prefer funded coins when given the choice since no one actually funds DIY coins...
Despite my worries, I am very tempted too.
I like the concept of loading them with fresh coins.
It is close to impossible to acquire virgin coins at this point.
This tx is funding of some of their coins:
https://blockchain.info/tx/8af2afb4487b274d67f16a5996748c6c9040326acb7cca5ef1d3d13a501b4196
Fresh from block 412445
May 25, 2016, 12:58:35 PM
I like the design and the choice of metal used! I am not too worried about BTCC having the private keys and look forward to getting these coins. I prefer funded coins when given the choice since no one actually funds DIY coins...
May 25, 2016, 11:25:55 AM
You could buy one and redeem it when it arrives .
That means trusting an unknown company with 1BTC. No thank you. .
I tend to agree with Mitchełł.
The issue of trust and security has not been discussed at all.
If these coins are prefunded with 1 BTC, then are you trusting BTCC with a lot bitcoins.
Not saying that they are intentionally planning a scam (even though it is still a concern) - but the way the private keys are generated, printed and handled should be of the concern of all potentially buyers.
1 BTC is not a small amount.
Key to success is to be open about how security is handled; how are the keys generated? who handles them? what measures are done for long term preservation of the print? How is it secured that all traces of the private key is removed, hard-drive is demolished after production?
The main concern here is that years from now, long after BTCC cease to exist, the suddenly are funds removed from the coins due to an unauthorized copy of the private key floating around.
Or, you open the coin 10-20 years from now to redeem the coins and you find the private key paper completely deteriorated.
Back in the days, new manufacturers was given a hard time when introducing new coins due to security concern, especially the higher denomination.
Many new manufactures, handled this problem with the initial trust by introducing coins with small denominations, e.g. 0.1, 0.05 and 0.01.
Here is the coin it self worth more than the coins loaded (with the BTC exchange rate at time of purchase) so the risk of future security is minimized.
Other manufacturers handled this by releasing the coin as DIY.
When that is said, the coin looks great and the concept of funding with virgin coins are brilliant.
I'm not sure I follow the concerns here. BTCC exchange is one of the more established players in Bitcoin, and the CEO Bobby Lee is a well known bitcoin advocate/entrepreneur. In fact, they might be the biggest company to date that offers a physical bitcoin of any kind. In terms of how keys are handled, the FAQ has a good explanation https://mint.btcc.com/faq
"The private key under each coin’s hologram is produced on a computer that is not connected to the internet during the creation and printing process. The private keys are printed on a secure printer once and the soft copy of each private key is immediately destroyed, meaning that the only copy of the private key left is the printed private key under the coin hologram sticker.
To ensure the highest security standards, the important process of attaching each private key underneath the hologram is performed by BTCC’s chief executive of officer Bobby Lee, or under his direct supervision."
That said, I think they would have more success by offering a DIY option, especially if it meant they could ship to the US.
May 25, 2016, 11:07:21 AM
This is indeed true..
IF we're going to redeem it on arriving anyway destroying the hologram , why not just provide DIY coins as well ...
IF we're going to redeem it on arriving anyway destroying the hologram , why not just provide DIY coins as well ...
Haven't decided if I want one or several of these coins yet.
Like the idea of a new metal and the idea of newly gen coins.
I am on the wall, actually against the idea, of unfunded / DIY coins.
The issue I see is that new people involved in bitcoin have to understand at least something about bitcoin in order to check the coin. It scares people away when stories get out that they have to worry if the coin may or may not actually contain any bitcoins. The beginning days of Casascius was great. If someone gave you a coin, then you were good to go - you didn't need to go to some website and check a partial address to see if there was any value in the coin or not. Even the bearer bars were fine. Fortunately there was a low mintage of 100BTC bars that were actually unfunded (had a red mark in the window).
Personal thought... I think all should be either funded or not.
If funded, you could simply peel it and put your own label on it.
I would be ok with the idea of selling them unfunded as in NO sticker/address at all.
May 25, 2016, 02:41:16 AM
You could buy one and redeem it when it arrives .
That means trusting an unknown company with 1BTC. No thank you. .I tend to agree with Mitchełł.
The issue of trust and security has not been discussed at all.
If these coins are prefunded with 1 BTC, then are you trusting BTCC with a lot bitcoins.
Not saying that they are intentionally planning a scam (even though it is still a concern) - but the way the private keys are generated, printed and handled should be of the concern of all potentially buyers.
1 BTC is not a small amount.
Key to success is to be open about how security is handled; how are the keys generated? who handles them? what measures are done for long term preservation of the print? How is it secured that all traces of the private key is removed, hard-drive is demolished after production?
The main concern here is that years from now, long after BTCC cease to exist, the suddenly are funds removed from the coins due to an unauthorized copy of the private key floating around.
Or, you open the coin 10-20 years from now to redeem the coins and you find the private key paper completely deteriorated.
Back in the days, new manufacturers was given a hard time when introducing new coins due to security concern, especially the higher denomination.
Many new manufactures, handled this problem with the initial trust by introducing coins with small denominations, e.g. 0.1, 0.05 and 0.01.
Here is the coin it self worth more than the coins loaded (with the BTC exchange rate at time of purchase) so the risk of future security is minimized.
Other manufacturers handled this by releasing the coin as DIY.
When that is said, the coin looks great and the concept of funding with virgin coins are brilliant.
This is indeed true..
IF we're going to redeem it on arriving anyway destroying the hologram , why not just provide DIY coins as well ...
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