Bitcoin Forum

http://www.alitinmint.com (http://www.alitinmint.com)

at a premium of ~1btc? no thank you.

I wasn't able to find any reference beyond the Alitin Mint website that the artist was working on this coin.

I'm very tempted to pull the trigger, but ~3 BTC is a lot to spend with a company that doesn't have a track record.

i think you're getting a little ahead of yourself... this looks about as traditional as it gets.

I've never understood this need to turn a purely virtual, mathematical currency into something physical. I've been told it makes it easier for "the guy on the street to understand it". No it doesn't, it just confuses the concept.

What happens if you lose the physical coin or have it stolen? Do you lose the value as well?

For my bitcoin, I'm happy to keep it virtual, and stored in a brain wallet, not stuck under the mattress.

I guess it's more of a collectors thing. More romantic to have the physical coin, and also it's an investment. Physical bitcoins are scarce and rare coins gets more valuable over years.

I wish there were hi-res images of the coins.  I can barely make out what the reverse of the coin looks like.

Alitin Mint is a licensed money transmitter and registered with FinCEN so they are totally legal right now.

Gotcha ... but still  .....

1) Do your lose your bitcoin "value" if the coin is stolen?
2) Kind of ironic people are making bitcoins out of silver, when many people see bitcoin as replacing gold + silver

If it proves a good investment, good luck to you. They do look nice I'll admit that. Just I wouldn't want to own one if the bitcoin price dropped to $10 and I realized I'd spend a load of money on silver that wasn't worth much.

Alitin Mint plans some seriously cool gold bitcoins. Solid 24K gold, 3 oz, 3 BTC. They are likely only going to make 100 of them.

I 'm already in love with a girl that doesn't really cares about me. Carry on  :-[

Congrats on posting something as far off-topic as I have ever seen in a forum  ;)

But you are obviously hurting so I feel for ya bro.

You may want to rethink this. Look what happened to casascius coins. Pure bullshit, but do you have the money to hire attorneys and argue with the government? Good luck. I hope you win!

http://www.wired.com/wiredenterprise/2013/12/casascius/

haha jokes on you no one will ever love me

Read the thread.  Just a few posts above yours:

Seems like I've found another reason for not like physical bitcoins - they've been banned!!

How do you know this?  I didn't see that info anywhere on the site!

1btc?
no thanks.

Packaging looks sweet  :) $2700 for a 2.9 BTC is good enough. What is the 1 BTC premium that people are talking about?

I am related to the artist

0.9BTC - you need to look at the coin again, its 2BTC not 2.9BTC

I don't like the look of it. Some old person to be the face of a ground breaking technology?

This looks like another US coin.

agreed

Have you never heard the phrase that we stand on the shoulders of giants?  This "old person" is one of the fathers of free market economics, upon which the bitcoin protocol is based!  I see nothing wrong with honoring him in this way, in fact it is quite fitting.  Very few economic philosophers would be worth of such an honor.

true, but still you get a "eh". the idea of adding an iconic face to any decentralized currency seems out of place IMO. besides the traditional design i think its a pretty good idea.

it should not have a human face on it period.

If I was thinking about buying a physical bitcoin I would be more concerned about it being declared illegal than what picture was on it. What's wrong with pictures of humans anyway? Should it be a robot?  :)

How could a physical Bitcoin be declared illegal, might I ask?

Just ask the good old US government:

http://www.wired.com/wiredenterprise/2013/12/casascius/

SURE, an overheated hard working ASIC schematic would be sweet. maybe even spray some sulfur scent on it

These are great looking coins. 

Physical bitcoins are not now and never will be illegal.  Money laundering is what's illegal and that's what the U.S. department of the Treasury is looking to prevent.

Let's stop lying and saying that physical bitcoins have been made illegal. 


On an unrelated side note, does anyone know how to escape from handcuffs?

ill do a google search for 3BTC  ;D

Given the markup on these, I'm more likely to report your website to the department of treasury than I am to make a purchase on your website.

Speaking numismatically your design is very nice. Because of the high relief it would technically be known as a "medal/medallion". The US (but mostly private ones) Mint produces commemorative medals that look much the same. I think its cool to have something that looks so traditional be bitcoin-for a change. The premium is super high though-I imagine primarily to cover your production costs which could not have been cheap. Good luck!

Well they have to get the money back from becoming a licensed money transmitter somehow. Pass it onto the customer :)

hahha!
yeah carry on! :P