Topic: [WTS] 5oz .999 Silver NastyFans Minted Seats - page 9. (Read 48051 times)

4908292 and 4908293. ANACS imaged , just waiting for them to be made live on The ANACS website.

Do you know any other organization that offers silver coins with public and private keys engraved? And donations are sent to the Bitcoin address of those coins every week?

Minted seats are a amazing and unique concept. A miner in your pocket. Whether current nastyfans members or non-member Bitcoin/silver enthusiasts purchase them is irrelevant. The minted seats have merit on their own.

The fact that proceeds from minted seat sales are donated to nastyfans is a nice bonus for the fanclub and is something that me and all other nastyfans members very much appreciate.

The 25% goes toward buying mining equipment that is operated free of charge to provide weekly distributions. Coin sales make up a small % of the distributions. If you take a look at the stats, you can see more than 500 BTC has been distributed to seats already, most of which was mined coins.

So all the "profit" from selling the coins, the merch etc is redistributed amongst all seat holders (less 25% obv)?

Hm.

I think this is a cool concept, but a bit of a circlejerk, who buys the gear if not owners of seats, only to get1/30000th of 75% of the margin as "cashback" of sorts?

Wow MS-69 is a very impressive grade, Congratulations. I would love to see some sweet pics of that too. I'm still looking to get a 1 oz. Minted Seat eventually myself.
TookDk told me ANACS is working to release a population list for all tokens soon. I'm very interested to see what the best grades are for each physical Bitcoin and Liberty Dollar that's been graded. No doubt your 1 oz. seats will be in the top grades for that coin.

That's awesome.  I haven't heard of anyone getting any of the minted seats graded before.  Be sure to post some pics.

I should also let everyone know. I have a few of the 1oz 1 seat coins. Just had 2 graded that have been given MS69 by ANACS .... So the quality of mint and assembly is also there

I'm thinking seeing the seat price at 0.5 BTC you were mistaking the cost for a 1 oz. Silver Minted Seat coin for the price of a single (digital) NastyFans seat.

NastyFans is truly cool to be a part of though. Some good, open-minded people and I think the seats are a relatively stable long-term investment, in my opinion.

Edit: Plus NastyMining/NastyFans is one of the only mining & investment organizations that has been around for years in the Bitcoin world and never scammed or stolen from users. So I always feel my money is safe if I have it invested in NastyFans seats.

Fantastic, that is really cool!   I see now the seats are not as expensive as I thought (I had an account on nastyfans that got deleted and i swore it said .5 btc per seat, so now I feel dumb seeing they are a lot cheaper in usd than i thought)!...

Thanks for sharing that, I appreciate it!

Oooh, good clarification.  I'll amend my blurb in case I use it again.

Also, owlcatz, I do exactly what you were asking about - pointing multiple seats' worth of donations to a single coin. 

Since it's publicly viewable info anyways...

http://nastyfans.uberbills.com/?page=owners&name=TheAnalogKid

I own 5 of the minted 1oz rounds, but I also own 299 additional online seats.  4 of the coins I funded with 0.1BTC on my own.  The first coin in the list (3Jpa) however, was not funded with anything extra - I only have the donation from all my seats pointed there (the 1 seat tied to that particular round and the 299 online ones).  The majority of those seats - 275 total - were purchased in April, so it's accumulated that balance in about 2 months, just to give you an idea of what it's been like recently.

Wow, thanks. You have really hit upon something truly unique and amazing, I am really psyched now!

Sorry I missed that stuff in the main thread, I was reading more about the news and history tbh!   

Cheers!

The 30k seats were all in circulation as of October of 2014.  Members that disappear and are placed on probation or members that do not list a btc address are not included in the active seat count.  On the Nasty thread we have the below image that updates with the current number of seats participating in the distributions as well as lots of other automatically updating statistics.

SEATS ACCEPTING DONATIONS:


There is nothing stopping you from buying as many seats as you want and pointing their distributions to your coin.  You could even just send BTC to the coin directly.  If you look at the NastyFans Minted Seat Analyzer's Top 10, you can see that there are folks with 1 seat coins who have more than 1 BTC on them.

edit - thanks for the good explanations, both of you!

So here's a possibly dumb question. Are the 30k shares already "purchased", and if not, do the ones not purchased (yet) accumulate BTC?

Or is there an "Active" number of shares in existence so far you can share? I get the concept now, I just don't get how the distribution works in terms of how many seats are purchased.

Final question. Once I get this coin, can I buy more seats and "point" it to this coins address, thereby making it a "six-seat" coin etc etc? (I know i can send more BTC to it myself, but just curious about that aspect - I did notice "seats" are not cheap (imo), so I was happy to see this coin is already going to pay for itself pretty fast..

thanks! Can't wait to see this beauty for real!

I should correct this.  25% of BTC raised is distributed to NastyMining for future equipment purchases.  So NastyFans would have to raise 40,000 satoshis in order for each seat to receive 1 satoshi.

A wholesale explanation of what NastyFans is and what seats are can be found in this thread and subsequent links:  https://bitcointalksearch.org/topic/nastyfans-the-bitcoin-enthusiast-fan-club-est-2012-86854

However, for cliff notes, I'm paraphrasing something I wrote in a different thread for NastyKeno, but here's my take on what a "seat" is. 

Think of it this way.  You could use the term "fund" if you want to compare it to a traditional fiat-type investment (with one distinction I'll outline below).

1 seat = 1 share in the "fund"

There's 30,000 possible active seats (shares) available in total in the "fund".

If the fund is able to raise 30,000 Satoshi, each seat would get a dividend payback of 1 Satoshi.

The fund attempts to grow it's total BTC holdings by several means.  Currently the main sources of income are sales from physical silver cold-wallet type storage coins (i.e. this 5oz round), and mining donations.  Several people, myself included, run miners which donate some or all mining proceeds to the fund, which are then distributed as donation payouts to all seats.    There are other things being developed which, over time, hope to increase the fund's income significantly, so that your eventual distributions are greater than what you put into it.  By doing that, it should in theory increase the value of the seat you purchased, as well as the amount of dividend returns.

The main difference here is that unlike many of the other "investments" you see around, the fund does not hold onto the BTC it takes in, rather each week a distribution is made to all seat holders for whatever BTC are made during the past week.  This prevents a lot of potential issues other funds see, such as hacked or stolen hot wallets with all proceeds - no one holder has the main stash of BTC funds so it cannot simply be run off with by one person (or a group) thus leaving all the investors with a total loss of investment, etc."

Hopefully that helps answer it a little better for you.

sooo.. can you explain (again, probably), what those "seats" are for?

Every day I check the mailbox hoping the capsules will be there...  I will update when they finally show up.

Everything looks great. I sent my info in PM.

Thanks again OGNasty

Want. Now. Please.


i'm an XL btw :p

Yes.  Instructions will be included with your order.