Topic: Welcome Bit VIP Coins! VIP Bitcoins & Crypto Collectables (Grand Opening!) (Read 1621 times)

Hello, Tweetious.

Here is the direct link to the Key Generation software I downloaded and will be using.

https://github.com/samr7/vanitygen

Ill be sure to update this on the website as well. So it has this link.

If you have any more questions, feedback or concerns please share or let me know.

@Kazkaz27 In the video above it is mentioned that "we use a vanity key generator, which is a tool you can find on Bitcoin Wiki, download it through github into a usb...."

Could you please point out the github repo of that vanity key generator that you are using?

Thanks

Hello, Henkcryptotank.

I appreciate you following along with the project:)

Because you took an interest and took the initiative to post that video here in this thread I am going to enter you into our raffle. 

 https://bitcointalksearch.org/topic/free-raffle-sponsored-by-vip-physical-bitcoins-5507920

https://m.youtube.com/watch?v=bhT9b9rrzVU

 

Bump, cool post banner!

Hello, Seavodin.

That comment directly relates to my earlier point about “exploring various methods for key generation to identify best practices. This should not be interpreted as a lack of knowledge in the area, as you suggest. On the contrary, it demonstrates my diligence and commitment to maintaining a high standard of security for the products I intend to offer,” backed by five years of experience in this space.

To clarify, I have been creating my own keys using various key generators for several years without issue.

Asking Zip for his opinion on which vanity key generator he considers the best was a respectful and appropriate question. However, after not receiving a response, I made the decision to proceed with a vanity generator based on my own research which is supported by this community. A vanity key generator I was previously considering and already working with, which has been tested thoroughly by me and rigorously by others. The details of my entire process can be found on my securities page. If anyone has an issue or wishes to make a comment about the process I would be happy to get feedback. https://bitvipcoins.com/our-security

Asking a respected member of our community for their recommendation on a vanity key generator in a discussion about key generation should not undermine my confidence or be mistaken for a lack of understanding.

Hello, Mopar.

I appreciate your perspective on the premium pricing of limited volume coins. It’s true that high-premium coins might not be the best starting point for a new Creator or collectors, and I respect your opinion.

However, I want to emphasize that my long-term goal is to create a diverse range of coins and series that will not only showcase my artistry but also build a solid reputation in the collectible market over time. I am committed to establishing trust and credibility through consistent quality and innovative designs. I believe in quality and integrity so I’m building the best coins I can to start. As I push the boundaries and advance, my ultimate goal is to revolutionize this space and foster a stronger sense of unity within the community. I am fully committed to this endeavor and will continue to invest my heart and soul into this project, no matter the discouragement I may face. Not only for myself, but for this community.

I understand your hesitation regarding my current pricing and the perception of risk due to my lack of a history. I see this as an opportunity to grow and prove myself as a maker. I am actively working on refining my processes,  and I appreciate the feedback I receive along the way. My aim is to ensure that my offerings are trustworthy and align with the expectations of collectors.

I genuinely welcome your caution and insight, as they help me reflect on how I present my work to the community. My intention is not to make a quick profit but to contribute meaningfully to the collectible space. I hope to demonstrate my commitment to quality and integrity as I expand my offerings, and I appreciate your willingness to engage in this dialogue. Thank you for your input, and I hope to prove you wrong in the best possible way.

Well, you did say this (in a now edited post):



And then completed your 'research' six hours later or so.



People can make up their own minds on how much confidence this inspires.

they may demand a high premium due to the limited volume indeed. but high premium coins should not be the first thing made by a new collector - again my opinion.

I opt out from purchasing your coins for 2 reasons - yes, the price is high considering it is your entry into collectibles and second because you pose too high of a risk in my opinion when you have zero history or zero reputation to demand such premiums and/or trust.

And as for the key generation, maybe I was little off, you did not specifically ask how to make keys that I have found so you are correct there, but you have stated numerous times you were testing your own process and would take people's advice under consideration. And that it would be up on your site soon.  To me, that seems like someone who is still trying to figure out if they can do it correctly or not.

So, maybe your key process is trustworthy - maybe it is not.


Also - let me clarify my intentions - by no means do I wish to discourage you as a maker nor to push you out of the community. I am just cautious due to the appearance that your intention is to come in, unknown and with zero reputation offer a quick dozen or so variations of coins for very high cost. To me it looks like a money grab.

I hope you prove me wrong.

Hello, Mopar.

It’s essential to clarify that being a customer is not a prerequisite, and there is no evidence to suggest that I have sought information on ‘creating keys.’ While I have explored various methods for key generation to identify best practices, this should not be taken as an indication of a lack of knowledge in this area, as you imply. On the contrary, it reflects my diligence and commitment to upholding a high standard of security for the products I aim to offer, independent of your concerns. I have conducted thorough research and possess substantial experience in this field, contrary to your suggestions.

My art speaks for itself.

Regarding the ‘money transmitter issue’ you mentioned, that concern is specific to Bit VIP Coins Co. and does not extend to our customers.

If our offerings do not align with your budget or expectations, you are welcome to opt out.

I will once again make this offer “if anyone wants to sell me a quality 10g .999 silver coin loaded with .001 Bitcoin with a mintage of only 100 or less right now for under $200 ill buy it.” “These coins always have a high premium.”

it makes zero sense to fund a coin by the buyer prior to shipment - no level or "reassurance" or "insurance" justifies the load prior to shipment by the buyer.

And if they are paying you $200 for the coin then the load is on top of that? or the load comes from the 200 they pay you?  are they doing split payments? one to your wallet and one to the coin?

Sounds like a slippery slope to get around the money transmitter issue.

Based on everything heard so far, I would seriously recommend against the purchasing of your coins between the $140 for a coin that is made from less than $10 in silver to the fact that you are not experienced in keymaking (shown by all the questions asking about how to make keys) and the point of wanting people to pay the load directly to the coin prior to shipping. 

If you were a known artist with history or a known and trusted keymaker - perhaps, but you are neither while expecting everyone to pay prices and give their trust as if you were.

It should be earned not granted upon the first time you are selling something.

Hello, Mopar

Thank you for your thoughtful follow-up! I truly appreciate your concerns, and I'm here to clarify any confusion.

When we refer to "loaded" coins, we mean that customers fund their coins directly, granting them full control over their own funds through our service.

In terms of timing, customers fund their addresses prior to receiving the coins. We ensure that all shipments are handled securely and transparently, and we take appropriate measures to address any insurance-related concerns.

We will also be offering buyer-funded coins, which will give customers total control over their funding process. Allowing customers to choose to fund or not to fund what we like to call Bitcoin Piggy Banks.

While we recognize the appeal of DIY coins, our focus is on providing a streamlined experience for our customers, which includes key generation. At this time, we have no plans to offer DIY options. Our goal is to strike a balance between convenience and security, all while maintaining compliance with regulatory standards.

If you have any more questions or need further information, please don't hesitate to reach out!

ok your statement seems to contradict -

first you say funding happens directly by the purchaser - the second part states you work with 3rd party money transmitters to provide loaded coins.

So, do you sell loaded coins or not? and if they are buyer funded - are they funding them before or after they receive them? and if before they receiving them, how are you shipping them? Typically virtual currency loads are not covered by insurance when shipped.

This all seems like several more reasons why you should not be generating the keys and instead just do DIY coins. Or if you insist that people trust your key generation, then sell the coins simply as unfunded/buyer funded 100% and let them fund if they so choose.

Hello Mopar,

Thank you for your inquiry! I’d like to clarify that BitVipCoins is not a money transmitter. Our primary focus is on selling collectibles and art. When customers engage with our offerings, any funding for addresses is done directly with their own funds and is not prefunded by us.

Additionally, we ensure compliance with regulations by collaborating with third-party money transmitters or working directly with our customers when providing "loaded" coins. If you have any further questions or need more details, feel free to ask!

if you are operating under a US corporation - do you have a money transmitter license to sell loaded coins?

This is awsome information, your operation is on it's way to great things.

Remove your EIN from the post. That doesn’t need to be public.

Hello, Eclipse.

Thank you for your inquiry regarding Bit VIP Coins. Here are the responses to your questions:

1. Legal Structure: Bit VIP Coins operates under an established legal structure. We can confirm that it is registered as an LLC.

2. Company Registration: Yes, there is a registered company managing the finances of Bit VIP Coins. It is registered in United States, Florida.

3. Business Address and Agent: The registered agent for our company is ZenBusiness, and the official physical business address is 2585 Van Buren Ave. Naples FL, 34112. Although, our current Mailing Address is 241 Brunswick St. Rochester NY, 14607.

4. Claims and Legal Address: In the event of any civil or criminal claims, legal paperwork can be sent to the official mailing address mentioned above.

5. EIN and IRS Registration: Bit VIP Coins has an Employer Identification Number (EIN) and is fully registered with the IRS. All financial activities are conducted through official business accounts, ensuring compliance with all regulations.

If you have any further questions or need additional information, feel free to ask!

Hello, Everyone.

Just a quick update. Our Securities Page has been updated.

Anyone interested In our Key Generating Process can now check it out and verify its legitimacy.

https://bitvipcoins.com/our-security

More updates will come soon.  

Hi Viz,

Thank you for your insightful advice!

I completely agree that building a name or brand takes time and often involves making sacrifices. It's crucial to keep costs manageable while focusing on quality. I appreciate the reminder that initial profits may be modest and that constructive criticism can be a valuable tool for growth. Engaging with the audience, while navigating the challenges, will surely help in refining my approach.

Cheers!