Bitcoin Forum

Hi guys,

Would you fund a Kialara?
I read it lowers the premium of the bar for the collectors?

but how come its not the case with Casascius? purely the fact that one has no "unfunded" version?

Thanks!

No.

I did yes. Max todl me he built it so it would make a person think twice before redeeming.

  Kialaras are wallets after all.

I wouldn't.

You would have to destroy it in order to get your BTC, and that would be a shame.  ::)

Any coins that are DIY funded will not be favored by the collectors, especially Kialaras because he never sold them loaded.  However, if he had sold them as loaded, there's no reason why they would not command a premium similar to Cas coins.  Logically speaking, breaking the seal of a hologram is no different than breaking open a Kialara.  There would still be a secondary market for opened Kialara's similar to peeled Cas coins, depending on the rarity of the piece and how mangled it was after being "opened". 

For me personally if you are looking at it like a collectable, dont change it's original state (leave unfunded if sold unfunded, likewise dont add any more funding than when a funded coin is sold is loaded with) .  If you want to use it as a personal wallet than a kialara is a good one to use, although as with any kind of savings better to gen your own keys for "piggy bank" type savings.

I love this. I fund my Kialaras as well, and appreciate that “peeling” requires fundamental destruction of the piece.

  Yep...the beauty of Kialaras will make it that much harder to break for the btc. I funded with the intention of keeping it loaded. Have to say I prefer loaded wallets rather than unloaded ones. Also the amount loaded is 0.1btc. A small amount imo.  :D

I funded a Kialara Labyrinth and never had any regrets in doing so.  Of course anytime anyone has seen your keys besides yourself, it's not going to be the safest option..however I do trust the creator Max.  I always saw funding one of his bars like purchasing a bond or funding a retirement plan pre-59.5 years old.  You can get to the funds, but you'e going to pay a penalty to do so, therefore it makes for a nice way to force yourself to save.  Just my 2 satoshis.  

I never funded any of my Kialaras. I was thinking about picking up a few originals and fundung them as gifts.

I wouldn't just for the fact that one would have to destroy the beautiful bar to get to the funds.
that said i do have couple funded bars that i plan on keeping like that.

They were made for COLD Storage and thus shouldn't be redeemed on a whim. If you fine with keeping it for the beauty while hiding some btc for hedge maybe, sure go ahead.

Nope. Unless you make the keys there is no benefit to loading most items. Not that I wouldn't trust Max, but breaking those open would be a real pain and renders them worthless.

I like the idea of funding a kialara because the only option to redeem it is destroy the artwork.
So to keep the artwork intact the funding need to be there forever and that idea i like very much.

From a collector value point of view, I thought there was an agreement reached long ago that additional funding of coins was acceptable, as otherwise people could fund your coins with a few satoshis to ruin the collector value? I don't see why that would be any different with unfunded coins, its still worth whatever the physical item is + the coins on it, assuming you can find a buyer that is willing to accept holding a somewhat nonliquid form of the BTC.

  Dusting is unacceptable and sacrilegious. If a coin has already been loaded by the coin maker...it should remain untouched.

  An unfunded wallet such as a Kialara were meant to be funded as per Max.

  Of course, to each his own if you would fund or not.

  I have three Kialaras, I have funded one prior to the first forking to make it unique amongst the others.

Funding such a piece is akin to inserting gold into your flesh.

Either you lose monetary value or you lose physical value.

I wouldn't myself but I might have considered adding face value back in the day as the original owner. I definitely wouldn't have gone 1 satoshi beyond that. Casascius coins with additional funding are often treated like a bit of an orphan.

Being funded is an intrinsic part of a Casascius coin. Their intention was to symbolise Bitcoin itself. That's less the case with Kiarala items. For collectible stuff you don't want to deviate from the norm if you ever intend to part with it.

If the collector community all decided to fund their Kialaras it would be a very good thing for the total value of the slabs.  Over time, some percentage would be opened (and destroyed) to redeem the bitcoin, thus deceasing the total supply of Kialaras on the market, which obviously drives up their value.  They could also function as a transferable bearer bond of sorts, a la OpenDime.

Has Max released the total numbers created for each type of Kialara bar?

Yes, all slabs are X of Y total