Hi,
so alright, lets delve into this...
As for the price, I agree it seems steep, but that's pointless debate - you can try to sell for whatever price you want, I have no problem with that.
Now - what you are doing is selling a normal commemorative coin PLUS 0,0002
BTC. There is simply NO connection between those two.
Coin itself has no public address, no private key and as far as I can tell not even a serial number - bitcoin (in a form of CoA) and the coin are totally separated.
You can make a simple commemorative coin, there's nothing wrong with that.
OR you can make a so called "physical bitcoin" coin with visible public address (so you check if the coin is loaded) and hidden private key (or as in your case a seed phrase, why not, even though it's longer), so you have to visibly damage the coin to reveal it. In that way undamaged coin automatically guarantees ownership of bitcoin - that is the whole point of such coin.
(Please research Casascius or some other reputable maker for this.)
What you did is neither.
Plus your instructions for redeeming are very, very amateurish - and I don't mean "simplified for ordinary people", I mean amateurish and insecure.
One problem with physical bitcoin is that it requires trust (which kinda goes against the whole bitcoin ethos, but that's another debate) in the maker of such coin.
I have to trust not just you're not a scammer, but also that you know what you're doing.
I am not sure if you are scammers, but just after reading your instructions I AM sure you don't really know much not just about making physical bitcoin, but also about bitcoin in itself.
Please, either stick to making commemorative coins (as I stated originally, the design itself is quite alright) OR get someone knowledgeable, if you really want to do this.
If it helps, you're not alone, Mint21 tried with "Liberty" coin and they got a lot of flak here as well (and deservedly so):
https://bitcointalk.org/index.php?topic=5405047.msg60501825(But again, your case is still much, much worse.)
Hi,
We are Coint Co and we are happy to answer your questions!
Indeed, the information about Niue is wrong and we have asked power coin to remove it. We are a registered Brazilian company (as you might suspect for Renato's past work).
You can check the transactions from our bitcoin wallet to the addresses for each new lydian coin in here :
https://www.blockchain.com/btc/address/1CointCoXgzKSeCECFHoatVyJd6S6zgpkfCurrently there are 50 wallets loaded since we would like to keep track time in the blockchain as we sell the coins.
We also agree that the instructions to move those bitcoins might be challenging. We would love to use a qr code to read the private key from the certificate of authenticity, for example, but currently blockhain.com app doesn't allow that (we have informed them of the issue and they replied they'll be working on this). Also, if you have any suggestions on how to access the private key easily, we are happy to take into account.
We have used the word "password" on our marketing material since most of our customers are not familiar with public/private keys or dealing with bitcoin wallets.
Again, happy for your interest in our coin!
Regards,
Coint Co
Show Posts
