If possible i would like some clarity on this too.
I was under the impression series 1 = 2011 series 2 =2012 etc
However i have just been discussing a 1btc with no misspelling but with 2011 date, apparently a series 3? Is that possible?
Check this out... https://www.casascius.com/fulllist.txt48,800 addresses are listed.
The first 11,000 belong to series 1 coins with inkjetted holograms.
The next 1,000 addresses belong to series 2 coins with windowed holograms.
The next 17,000 addresses also belong to series 2 coins, but also start with a prefix that
suggests how the address might be used.
The next 9,900 addresses (prefix 12) are for 2013 0.5 BTC coins or 2013 1 BTC coins.
The next 9,900 addresses (prefix 13) are for 2013 1 BTC coins or 2013 0.5 BTC coins. |
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by specifying a retail price printed on the gift card carboard.. but the customer not able to buy it at that amount is a failure.
by the supplying them bitcoins without pre-informing them of the amount they will get is a failure.
this is where retail vs forex fails.
trying to run a retail business plan using forex strategies wont work.
you HAVE to build up a reserve and to trade behind the scenes away from the gift cards to make your profit to ensure that when retailers and customer get is what is correct and lawful. you have to be legally accountable for your actions.. saying "total nonsense" makes me know 100% you have never been in business before.
i am sorry that it seems like hard work. but welcome to the real world.
and i bought bitcoin via wire transfer in under 10 minutes, the price i seen is the price i paid, and the amount of coins i seen was the amount i received.
it is possible. so please re-evaluate your business plan before thinking you have a hope in hells chance of taking your product to retailers. (this coming from someone with great experience in these matters)
Edit: great news a before redemption value being shown.. great thank you, one step in the right direction.. now to ensure that customer only pay $100 and retailers buy off you at whole sale under $100 so they can make a profitt. and you'll be ready to go to retailers with a superb offering
You are out of your mind. If a company can make a profit forex trading in the background, they wouldn't sell their profits off in the form of giftcards. That would make zero sense from any perspective. |
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Well, I'm not after anything. I'm just stating my opinion as a potential customer of (your) product. There's still the time lag between when you buy the gift card and when you receive the code,
This is irrelevant. I can buy a git card and hold it for a while. But when I want to redeem it, I want to know the exchange rate. Don't we all? Nobody said "it has to be fixed rate", but MtGox rate + 10 % must be stated on the site, so I (or any buyer) can see it. And then you can write: *due to lag, exchange rate could be slighty different Furthermore, after buyer clicks Redeem, the website can check latest price at MtGox and Alert: You are about to exchange 100$ for 0.91217 BTC. Proceed? Yes/No This should not present any technical problem... ...then you might want to look elsewhere...
Last but not least, if you continue with that attitude I asure you that I'm not the only one who will "look elsewhere"... Ah, I misunderstood what you were trying to say. Yes, I completely agree that the exchange rate should be stated just prior to redemption. |
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And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:
$100*
*To be redeemed at price equivalent to MtGox + 10%
Well, this is something. That should write on the site. That, and MtGox exchange value: MtGox:78.82 +10% or even better, calculated price: Our exchange rate is: 86.702With those writing on the site, you are covered and users will know exactly how much BTC will get when redeem... Not necessarily. There's still the time lag between when you buy the gift card and when you receive the code, and then when you receive the code and when you redeem it. Giving a guaranteed exchange rate isn't the goal of these gift cards at all. If that's what you're after, then you might want to look elsewhere... |
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Fuck the law, if you live in another country just grab the damn coins!
Wow, you definitely make it on to my "do not trust, ever" list. |
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I'm still trying to figure out exactly what "series 2" means. Could you explain it?
2012. The 2011 was the first series, 2013 is the third series. I'm not sure why people call them by series instead of year though. That's what I'd thought, but I have a "series 2" 1 BTC piece with the windowed sticker, dated 2011. Oh, interesting... I didn't realize those existed. |
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Give it to them in person.
^^this^^ Assume they live across the globe and it is not possible. |
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the most suitable solution is to pre buy Bitcoin whilst it is low and to hold it. so when someone in a month or 2 redeems their $100 card. the bitcoin you buy now will (hopefully be at $100 each) to cover the costs.
basically working using a reserve.
EG
cards display $100, retailer paid $90 whole sale.
you bought 1.1538BTC today using the $90. then when bitcoin reaches $100 you can give the customer 1BTC. netting you some profit.(0.1538btc)
Horrible idea. You cannot bank your business on the price of BTC going up. If it does go up, then it is more profitable to hold anyway. with a great idea such as gift cards, you cannot be lazy and over charge the customer by showing one price. the retailer charges them another price and you redeem the customer an amount of bitcoin that does not relate at all to the current market price of bitcoin.
This is a fantastic way to buy Bitcoins... I wish people were complaining about it less, because this is a way to buy Bitcoins that we previously haven't had before. And there really is a simple solution for it to prevent people from feeling like they are getting ripped off: $100* *To be redeemed at price equivalent to MtGox + 10% |
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Cool. That was kind of what I had been saying all along - as long as at least one of the parties involved in a currency exchange is licensed, then it is all good by FinCEN.
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PGP encrypted mail
OTR encrypted IM chat
TorChat
The list can go on.
Let's keep it to options where we don't have to be online at the same time... but thanks for the suggestions! |
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I'm still trying to figure out exactly what "series 2" means. Could you explain it?
2012. The 2011 was the first series, 2013 is the third series. I'm not sure why people call them by series instead of year though. |
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Good point CIYAM!
What about BitMessage? It should be secure for sending, right?
Or... an encrypted .rar, provided the passkey is sent separately?
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GPG, a letter with a seal... sounds good. Give it to them in person.
Well, yes, but assume they aren't near me.  |
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That is pretty insane, but understandable (especially if BFL starts to actually ship soon). I wonder what I could get for my Single ordered in August or my other one from November. I'd be curious to see how high bidders are willing to go.
They've been selling for over $20k on eBay, but I'm assuming the buyer is just planning to file a dispute and waste the sellers time once they get it, only to return it after mining on it for a week and getting a full refund. |
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If I was to send someone some really sensitive information that I wanted to be 100% sure no one else could see, what would be the best way(s) of doing so? Say, for example, it was a Bitcoin private key.
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I'll go 1 BTC on the lot!
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Now I upped bid to 0.002, passed the check, banner is on your site, but on OF it says my bid is 0.001  Well, you're getting it extra cheap then! I think it limits bidding to 0.002 at the lowest, but the actual price paid is the minimum or the minimum increment above the second highest bid, whichever is highest. Since there's no other bids, you get it for 0.001/day.  |
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It takes 8 confirmations, it seems. Funds up, but now site won't let me place a banner for 0.001 even though there are no other bids.
"A bid needs an amount more then 0.001 BTC/day."
Oh, yeah, forgot about that. The minimum they post is 0.001 BTC, but you can't actually bid 0.001 BTC. You have to bid more than the minimum. And I can't set the minimum any lower. :\ |
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If anyone is willing to pay $20k $15k for a first-day 6/23 preorder (paid on 6/23 as well, guaranteed to be in first batch by customer service today), then I'll sell it. Would prefer payment in BTC. Will NOT take paypal, but might take other USD payment methods. I don't want to waste my time with someone reversing a charge and then I have to dispute it while they have the unit and are mining on it. I am fine with escrow through a trusted person here on the forum.
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It's crazy the prices they are going for... I'd be sorely tempted to sell my first-day preorder for $20k.
EDIT: Screw it. If someone wants to pay me $20k for a first-day (ordered and paid) preorder of a Single SC, then contact me, I'll do it.
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