Topic: 🗽 The Liberty CryptoDollar BTC/ALT SPECIE (1oz .999 Silver/AltCoin) (Read 2088 times)

What?  that would fit into a suitcase... 50x 100oz bars don't take up much space... 5000x 1oz coins wouldn't take up much more room than that.
Why would someone pay to "warehouse/vault" this?  Seems like an unneeded cost

Thanks for the story/info above.


Didn't realize that BVH had taken notice of these. Have you able to work things out with him since this post?

And yes, they did come out with a 20 year anniversary round. All though, it did not feature/use a QR code.
They decided instead to make it a "cryptocurrency" and make it a an ERC-20 token on the ETH blockchain (https://etherscan.io/token/0x2f5cdc81a729b750f3b733cb95660e788441c71e)
They did mint 1oz silver rounds as well called "Liberty Dollar 2"   https://ld2coin.io/

"LD2 IS AN ASSET-BACKED CRYPTOCURRENCY THAT FACILITATES VAULTED, PHYSICAL OWNERSHIP OF REDEEMABLE PRECIOUS METALS AND REAL-TIME TRADING OF THOSE ASSETS."

Sure, I bet it fits nicely onto a small wire mesh enclosed, locked shelf somewhere behind an access-controlled door in some mint someplace.. It's probably baged and tagged and just sitting there; but that's the procedure of vault/warehousing metals. Like a mini Fort Knox for small treasures.  Someone goes back there once a month and runs an audit to count and report it ever month because it's the physical metal that backs the LD2 token.

https://ld2coin.io/vault-examinations/

I doubt it's expensive, but it sure ain't cheap when you consider the man-hours and shelf space at the mint. As for why: It's in the white paper that it'll be regularly inspected, and accounted, for so that its traders don't have to worry that there's no gold in Fort Knox.

https://ld2coin.io/wp-content/uploads/2018/05/LD2_White_Paper.pdf

True.. the ORIG. Liberty Dollar was backed by millions of dollars or silver in a safe in the back of their own facility ..whether anyone did regular audits I don't know, but the FED sure did when they confiscated it all and fucked up that poor mans life. He's since gotten it all back, and I do find it odd that the LD2 is only backed by 4900.oz .. but that's a topic for another thread.  

Oh yea, BVN was aware from the beginning. We spoke for months back and forth before, during and after. I licensed the use of the physical plaster master sculpture to reduce @ coin size to create one die, directly from him - as a result of regular communication. We talked a lot about fonts and wording - proof and satin finish, counter stamp markings. Mostly by email, but even voice chats that seems to all go well.  I first approached him it was 2017 and he agreed to the idea with no expiration window. We didn't get to the minting process until 2018 and he's gone so far as to state we could license the image in a later project for another fee.

Mr. B was writing a book as 2018 approached, but was outwardly warm to this project filling the commemorative niche:


Indeed. Near the end of the 20th Anniversary year, BVN created The Liberty Dollars' own commemorative piece.
http://liberty-dollar-20th-anniversary.mybigcommerce.com/ but as for the QR code, I think I recall him saying he had plans for a future QR coded round.

IMHO: Kinda looks to me like they're using his 2018 Commemorative round as the metal to back the ETH Token for the vault examinations: My opinion after comparing the images used on the LD2 site background with the image used on BVN's own 20th Anniversary commemorative coin site above. Maybe that's what's behind the FUD 'AltCoin Specie' supporters are reporting having experienced toward me from him, I dunno. God love'em, maybe he's just got the reefer madness.


Ah yes.. The LD2 : 100% backed by precious metals ETH token(s). https://ld2coin.io/timeline/

LD2Z: Vault Examinations:
May 7, 2018       Number of one troy ounce .999 fine silver coins 9,820
January 21, 2018   Number of one troy ounce .999 fine silver coins 5,000
June 2019    Sunshine Minting completed relocating metals to Las Vegas, NV. New auditor acquired.
January 21, 2020   Number of one troy ounce .999 fine silver coins 4,900

From etherscan
Total Supply: 4,900 XLDZ
Holders: 3,437 addresses
Transfers: 3,507
Last transaction: 43 days 13 hrs ago

I have a minor invested interest in that.  
I'll support anything that remains an uncorrupted asset-backed settlement instrument.
Sure it ain't cheap to vault up 5,000 ounces and regularly audit/examine.

Looking back, I'm exceedingly pleased to have been able to have been granted
an ability to intermingle with such a historically epic thing.
LONG LIVE THE LIBERTY DOLLAR!

Ok, so this is how it shook out.
 -If anyone has any corrections or opinions, I welcome that sorta shit.
Maybe you know all of this but here's a little extended provenance on the history of this round.

You probably know Bernard von NotHaus' story.. If not -I hate you and I have no idea why you give a shit about Bitcoin. People that trade bitcoin for government FIAT really piss me off.. but I digress. So anyhow.

In 2012-2013 a cat named Joseph van Perling took a chance and leased the rights to create a New Liberty Dollar. Josephs round looked a lot like Bernards on both sides, even carried the 888.LIB.DOLLAR phone number, but he removed the DOLLAR SIGN and the relative value.. just selling the round for a few bucks above spot.

Joseph then created a non-Liberty Dollar called the 'Bitcoin Specie' which carried a QR code on the back and linked to a URL that worked in the same manor as the round I made.. Only problem with his 'Bitcoin Specie' is that Joseph is the kind of guy who makes a lot of sites and they seem to go-away after a time.. so I knew it would eventually happen to the QR conversion page he was running - making the coin pretty but useless commemorative of itself. Still a super great idea and I loved it while it lasted. But I have a problem relating values so I felt that I REALLY NEEDED that page to work FOREVER!!

I wanted to re-create a silver art round that would FOREVER remind me what the SPOT value of 1oz .999 silver was worth: except not only in USD, ..Bitcoin, Litecoin, Dogecoin, Monero, DASH and Etherum; all crypto currencies.

So I'd been stacking rounds for a while.. but it's hard to find worthy art rounds, and creating a worthy round is expensive. I didn't want to design some piece of garbage 2D trash round.. I wanted something that I would actually buy in quantity - if only just for my own horde. If others wanted them, then of course I'd be happy to sell them, but they're really just my own personal treasure..

Joseph had already 'Ripped Off' (I say lovingly) the 'Liberty Dollar' with his 'New Liberty Dollar'. (I myself purchased 100oz of them from him).. so why not rip off his 'Bitcoin Specie' AND Bernards 'Liberty Dollar' at the same time.. with my own creation.

The 'Crypto Dollar' an Altcoin Specie was born. ..but what was it going to look like?
     The 20yr Anniversary of The Liberty Dollar was approaching and Bernard seemed to have gone dark so I wrote Bernard and he agreed to license the obverse 'Lady Liberty' image for my project then I began designing the reverse with the QR code. Ever designed a 1oz round?.. it's a lot of work only to find that: while beautiful.. The point of the round (the embedded QR code) doesn't work very well. *May as well do it up* and pay homage to both 'Liberty Dollar', 'Bitcoin Specie' as a crossover: so I had them test mint 100 PROOFS just to see how well it worked.. 'eh - not TOO bad.. but a pain in the ass scanning 20 times to get the QR code to hyperlink to the conversion page.. So I had North American Mint number them 001-100 and went back to work re-designing the reverse as a 'Liberty Dollar' 'Altcoin Specie' crossover.. after all I was now converting SPOT into more than just Bitcoin (Josephs round only converted SPOT to Bitcoin). When the next came out the QR was simpler and scanned a whole lot faster so we minted 200 PROOF of them and numbered them 101-300. There were now 300 individually numbered 'First Strikes'. No doubt that soon DIE would begin to show wear so I had North American Mint strike 400 PROOF ALTCOIN SPECIE rounds to have a horde of my own and had them sandblast the Obverse DIE and BOTH the versions of the Reverse dies so that no more of either could ever be made as PROOF versions: My father requested 40 of the now-satin finish 'Bitcoin Specie' rounds and I have been minting satin 'Altcoin Specie' rounds as requested for sale.

RECAP:
100: (Numbered 001-100)  PROOF BITCOIN SPECIE - Liberty Crypto Dollar / Altcoin SPECIE rounds
200: (Numbered 101-300)  PROOF ALTCOIN SPECIE - Liberty Crypto Dollar / Altcoin SPECIE rounds
400: (NOT-Numbered)  PROOF ALTCOIN SPECIE - Liberty Crypto Dollar / Altcoin SPECIE rounds
40:  (NOT-Numbered)  SATIN FINISH BITCOIN SPECIE - Liberty Crypto Dollar / Altcoin SPECIE rounds
      My Dad owns all those
300+: (NOT-Numbered)  SATIN FINISH ALTCOIN SPECIE - Liberty Crypto Dollar / Altcoin SPECIE rounds

In the end.. it's really not important to me that anything follows common standards of numbering 001-300 .. or that they're satin or proof.. or that anyone even ever buys them. The real important thing for me is that it paid for itself and that I foster a better mental correlation between the value of ONE OUNCE silver to various altcoins.. and to a minor degree the US Dollar, as in my opinion the US Dollar is garbage ..and altho I like precious metals: There can only ever be 21m Bitcoin ..84m Litecoin.. and so on for the other crypto-currencies. The very nature of a shared ledger (block-chain) currency is immutable. The value of it is set by the very fact that in order for the number of 'coins' in circulation to be inflated it would require that 51% of it's users all agree, not only to do it.. but on what to inflate it to: AS IF & which would require a programming fork and spawn a completely new concurrent currency that may or may not catch on or be used.

One day we will mine space rocks and precious metals will be abundant but you will never find anymore Bitcoin.

THE END?

Thanks, Bernard von NotHaus & Joseph van Perling for leading the way and the inspiration.

http://convert.libertycryptodollar.info

No worries. I don't really try to move them very hard anymore as silver's kinda tanked since minting and Bernards gotten all "BuZz Spacedout" and seems to have forgotten that he thought it was a great idea as soon as he started minting his own 20r commemorative round and has begun talking smack about me to people as if there wasn't a shit ton or saved email correspondence between us through-out the design and manufacture process. From what I'm to gather he's also going to do something with a QR code himself real soon, or something: so it's come full circle. I'm just glad to have been part of it. \o/ -Yay.

The project paid for its the manufacture and what's sold now pretty much just covers the site hosting and conversion site use. If you'd like any, there are built-in quantity discounts listed on each types product page. The CART also accepts tons of ALTCOINs for payment using coinpayments.net - They're all still the highest quality mint conditions (see gradings in-line here from other users) & Thanks for looking.

1. BITCOIN SPECIE PROOF - Individually Numbered (001-100)
https://cart.libertycryptodollar.info/index.php/first-strike-ltd100

2. ALTCOIN SPECIE PROOF - Individually Numbered (101-300)
https://cart.libertycryptodollar.info/index.php/strike-two

3. STRIKE THREE - ALTCOIN SPECIE 'PROOF-LIKE' (Not Numbered)
https://cart.libertycryptodollar.info/index.php/strike-three-proof-like

4. ALTCOIN SPECIE - Satin Finish
https://cart.libertycryptodollar.info/index.php/5-general-distribution-altcoin-specie-satin-finish

https://cart.libertycryptodollar.info/index.php/first-strike-ltd100
 
Sorry misread

So.. I guess something has happened here in my absence, regarding images.
I see the images in my posting no longer show.

Is this because my user is a newbie?  or because they weren't https compliant...
No.. I made them https compliant and they still don't show. Must be the former.

BUMMER.  I was going to post an update.
I'll go work on my rep or post history and come back.

BTW:  Due to the awesomely low cost of silver and the awesomely high value of BTC:
 1 oz silver is currently worth:
 BTC:  0.00127094
 ETH:  0.0490032
 XMR:  0.146523
 DASH: 0.0955674
 DOGE: 4382.12
 USD:  $15.1195

Figure I'll delete this post while also quoting it in-line over time to track the market, rather than just running on at the thread with posts.


1oz .999 SILVER SPOT PRICE Conversion rate current as of: Mon, 01 Jan 2018 14:00:04 GMT (w/BTC @ $12920.03)

  0.00130508 BTC
  0.0171681 DASH
  0.0526322 MONERO
  0.0764946 LITECOIN
  2101.76 DOGE
  $17.0143 USD/oz

http://convert.libertycryptodollar.info

Received these swiftly after purchase.
The strikes are clean and bright.
I wish you every success!
 

GO BITCOIN GO!!!  -  BTC @ $13939.13

1oz .999 SILVER SPOT PRICE
Conversion rate current as of:
Thu, 07 Dec 2017 04:00:00 GMT

  0.00116166 BTC
  0.0236652 DASH
  0.0643274 MONERO
  0.157808 LITECOIN
  6446.21 DOGE

  $16.0625 USD

Any minute now you could get one that's marked $10,000 HIGHER  =)

When you wrote out mine BTC was 2745.00 8/2/17.  First coin you sold.

Thank you minerjones, for taking the effort to have your rounds graded.
I forwarded the link to your post to Bill LeMere @ North American Mint.


Also: The FIRST BATCH of SATIN FINISH ROUNDS in BOTH BITCOIN SPECIE and ALTCOIN SPECIE models are IN NOW and are available in the CART at https://cart.libertycryptodollar.info currently, with significant discounts for quantity orders of 20 or more.  

Orders of 100+ will require at least 2 weeks production time and will be shipped directly from North American Mint, LLC.
If you are ordering for re-sale at an upcoming crypto-currency event, please allow for a month lead time - JUST IN CASE.


DISCOUNT SCHEDULE: SUBJECT TO FLUCTUATION & BASED ON SPOT PRICE OF SILVER.
CHECK CART SITE FOR LATEST PRICE.

• Individually @ $30.00/ea
• 20 or more $25.00/ea
• 100 or more $23.00/ea
• 500 or more $21.50/ea
• 1000 or more $20.00/ea

It's so crazy to see Bitcoin at this EPIC high.
The very first Certificate of Authenticity I wrote out was back when BTC was @ $2,745

OCTOBER 1st 2017 Updates

• Going to STOP including the 'Display Box' with individually numbered PROOFS.

Rounds will still come in 4mil bags, in snap-tite / coin-tainers and will be handled only while wearing cotton gloves. The display boxes didn't suck, they just aren't really the greatest boxes for 'displaying' the rounds and aren't really worth the money or the trouble they cause when I run out of them. There are plenty of much cooler boxes and other ways to display silver rounds. APMEX is where I got the ones I used, if your looking to be consistent in a collection.
I'll still have them on the site, if you want to order one with an individual round. 'Rilly tho, there's nicer boxes.


I will personally accept them in my own business for $50 in services, but will not be putting a MSRP on them, as I believe the SPOT value is really all any silver is worth in FRN's.. regardless of what a person values an individual work of art.  So I'll be selling them for LESS than I accept them for..   Crazy'eh  =). /me dr00ls

Received my coin today, and it looks awesome, including the COA. Thanks for the great work

Just to get an idea of what they look like next to an American Eagle.

These are beautiful proofs although I'm not a very good with the camera.

I'm trying to decide what I like best among the options..

The fact that it's got Bernard von Nothaus' Lady Liberty / Liberty Dollar image..
The words BITCOIN SPECIE ..
The words ALTCOIN SPECIE .. ..

Is it better that it says ALTCOIN SPECIE; meaning not only alternative coin, but altcoins ..specie, while also having BITCOIN logos:
or are the words BITCOIN SPECIE more important .. ?

I KNOW for a fact that I like the new QR code look, yet liked the long link decryption of the old QR code better..  It just looked BETTER when being decoded than the http://goog.le redirect decryption of the new QR, but I suppose the analytics are cool - and it's more important that the QR scans EVERY time than it look good in a browser when decrypted.

BUMP none the less.
I made REALLY COOL 'pull chain' ornaments for my bedroom ceiling fans out of two of the Christmas ornaments I got.

'PROOF':  Shiny polished background, frosted letters and image high quality.
Near flawless finish. You can strike between 100 - 250 pcs before you have
to re-polish the dies to remove any draw marks or flaws in the dies.

'PROOF-LIKE': Shiny polished finish background frosted letters and image good
quality finish. You can strike between 1250 -2000 pcs before you have to
re-polish the dies.

'General Issue' (BU): Complete frosted satin finish.
You can strike between 25,000 - 50,000 pcs before you have to replace the dies.

The last package held up, waiting on display boxes and COA's shipped today.
Display boxes shipped next day but COA's take a week to have printed up.
There were three in total that were held up six days.
If one of them was yours, I apologize.  

ALSO:
Anyone with a knack for marketing or have a slew of followers on Social Media:
I have an affiliates mechanism setup, paying 5% @
https://cart.libertycryptodollar.info/index.php/affiliate/register

Feel free to create a login; it'll setup a referral link to account for your referral purchases which you can see the stats of from in the affiliates console.