Bitcoin Forum

Great coin :D
0.25 BTC right ????

Funding depends on how many are being Minted ? :)

I prefer the option.  .25B may be more than some people want to fund in addition to the cost of the coin.

Hey miffman,

Can you share some more pictures of the coin?

I can take some on Friday afternoon/evening.  :) Are there any particular angles you'd like to see?

I would like to see all of them. ;D

Me too.  ;D

Are there any particular angles you'd like to see?

Call me old-fashioned but front and back maybe?   ;D

I would go the lealana route, easily distiguishable between funded and unfunded coins.  Different colors might not be known to the average buyer, therefore slight chance of being duped.

Buyer Funded lasering sounds best :)

Thanks for the reply :) If the lasering doesn't work out (I will phone around as far as I can though), do you think option 3 would be suitable?

I'm a noob in this physical coin business, but I've chosen an UNFUNDED, laser etched keys motif for my first run. Folks have asked for blanks, as well. That's cool, let folks manage the value of the piece. There will be a couple that will be funded for collectible purposes. But it should be up to the purchaser to load as much (or as little) crypto they want. For example, I have a lealana 10LTC with a 100LTC on it. I hope it will have 1000 on it soon. I'd rather just manage the coin and know it has 423.35637 LTC on it rather than the coin face dictating how many coins are captured in that address.

It's always nice to have options and as price climbs even the smallest amounts added to cost of coin could marginalise some people out.

If you want sales, then options to me, is the way forward.

If limited runs, then reduce the options too.

How do people in the US receive funded coins? Does someone just do a group buy and then distribute them? But how does the person doing the group buy get them in the first place because I assume they are in the US too. My vote is The option of unfunded

They receive the coins from miffman directly. Just like any other coin, they get shipped to your address. No idea what you're talking about group buys.
I assume you just want the sig payout from yobit.

Its illegal unless they have a money transmitter license. So that is why I asked. If it wasnt illegal/frowned upon then casascius would probably still be doing his thing.

Reasons I'm likely to not sell more coins:

1. Don't want compliance hassle of being a money transmitter (this was a hobby project meant to promote awareness - moving money was never an objective)
2. Don't want security risk (the more valuable bitcoins get, the more professional the security must be and the more sophisticated attacks I must anticipate)
3. Don't want to make a mistake and become a bitcoin poster child (like Charlie Shrem, I feel like I'd be a high value prosecution target if I were to make some sort of legal mistake, just for my visibility alone)
4. Mission already accomplished (original mission was to help people become aware of bitcoin and to help people start conversations about it)
5. An appropriate mission nowadays would be to encourage people to store their own bitcoin safely on self-produced paper wallets instead of trusting others without recourse.  Continuing to produce other people's private keys is perverse toward that objective.
6. I feel like the more coins I sell, the more I accumulate a presumed liability in the form of people who must trust me not to scam them.  What happens if someone calls my trustworthiness into question, even without cause?  Then people might think I lied and kept the keys, and then someone might want to harm me.  Not what I signed up for.
7. I don't want to be in over my head.  Look at Mark Karpeles, his life is probably now ruined.  He could and should have quit while he was ahead.
8. It's honestly fun to see my past coins skyrocket in value.  That was never anticipated in the beginning, but I will be honest, I enjoy seeing them fetch ever higher prices on the secondary market.

Reasons I'm likely to not sell more coins:

1. Don't want compliance hassle of being a money transmitter (this was a hobby project meant to promote awareness - moving money was never an objective)
2. Don't want security risk (the more valuable bitcoins get, the more professional the security must be and the more sophisticated attacks I must anticipate)
3. Don't want to make a mistake and become a bitcoin poster child (like Charlie Shrem, I feel like I'd be a high value prosecution target if I were to make some sort of legal mistake, just for my visibility alone)
4. Mission already accomplished (original mission was to help people become aware of bitcoin and to help people start conversations about it)
5. An appropriate mission nowadays would be to encourage people to store their own bitcoin safely on self-produced paper wallets instead of trusting others without recourse.  Continuing to produce other people's private keys is perverse toward that objective.
6. I feel like the more coins I sell, the more I accumulate a presumed liability in the form of people who must trust me not to scam them.  What happens if someone calls my trustworthiness into question, even without cause?  Then people might think I lied and kept the keys, and then someone might want to harm me.  Not what I signed up for.
7. I don't want to be in over my head.  Look at Mark Karpeles, his life is probably now ruined.  He could and should have quit while he was ahead.
8. It's honestly fun to see my past coins skyrocket in value.  That was never anticipated in the beginning, but I will be honest, I enjoy seeing them fetch ever higher prices on the secondary market.