Hey, Viz
You caught me!
Just trying to stay on the bull and not fall off.
Got any tips for a newbie?
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Hello, Tread.
Thank you for your kind words and support!
We're excited about our project and the unique cryptonumismatic pieces we're creating. Yes, we are indeed planning to release fractional pieces, which we believe will offer more accessibility to collectors and enthusiasts.
We understand that price is a common concern for many. Allow us to clarify the intricacies involved in our offerings.
Design is not just a task; it's a meticulous art form. Crafting a design takes significant time and effort, and achieving perfection is a journey in itself. Each coin features not one, but two designs—front and back. For physical Bitcoins, there may even be a third design element, such as a hologram sticker.
Sourcing high-quality materials and products is no small feat. The minting process for coins made from precious metals involves substantial costs. Additionally, laser engraving each coin is both labor-intensive and costly, reflecting the precision required.
Holograms serve vital security functions and must meet the highest quality standards. This comes at a price, as these high-quality holograms often require a minimum purchase of 10,000 units.
Creating keys securely and efficiently is a detailed process that demands time and meticulous attention to ensure every detail is executed flawlessly.
Moreover, we must consider additional expenses such as processing fees, loading fees, maintenance fees, mockup fees, design fees for 3D lasering, packaging costs, premiums on materials, shipping, and handling. These elements add to the overall cost, as we strive to ensure that every product reaches you in perfect condition. We also must account for making a profit in order to maintain operations.
All these processes rely on sophisticated programs, specialized equipment, logistics, time, financial investment, energy, and creativity. We believe that our commitment to quality and craftsmanship justifies the value of our offerings.
Please keep in mind that this is just one aspect of our offerings at Bit VIP Coins. We are also in the process of developing an entirely new service that integrates our coins with Bitcoin Ordinal NFTs, significantly enhancing the value of our physical coins. Our commitment to innovation sets us apart; no one else provides the unique combination of services that we do. We are proud to lead the way in this space.
In the near future we intend to have an array of different options and price points to meet everyone's budget.
We encourage those seeking more affordable options to consider creating and selling these coins themselves. By taking this initiative, you can offer lower prices while gaining valuable experience in the process.
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Hello, Mopar
I appreciate your concern and understand how my previous statements may seem contradictory.
To clarify, the initial costs to create the coins are indeed fully covered out of my own pocket. However, for the pre-orders, the funds collected will be split: part will go towards the load amount, and the remaining will be held for project-related expenses. This approach allows me to manage the project effectively while ensuring that customer funds are utilized responsibly.
Thank you for your understanding, and I'm here to answer any further questions you may have!
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Hello, Mopar
Thank you for your insightful comment!
You raise a valid point regarding the volatility of Bitcoin prices and the challenges that can arise with pre-orders. To clarify, the funds from pre-orders will be split: a portion will go directly towards the load amount, while the remaining funds will be held in a pool. This approach allows me to utilize those funds for the project as needed, while also ensuring that the issue you mentioned regarding potential refunds is mitigated. By managing the funds this way, I aim to reduce any risks associated with price fluctuations.
I also want to emphasize that pre-orders are not a necessity; they are simply a way for those who wish to secure their place in the project to do so.
I appreciate your understanding and support!
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Hello, tweetious
Thank you for your thoughtful comment! I appreciate your interest in the designs.
To clarify, while AI tools were indeed utilized in the creative process, programs like Photoshop and others also played a significant role in crafting these designs. Each of the coins is an original work created specifically for this project, with the exception of one design out of the eleven, which is not entirely my own artwork.
My goal was to ensure that each design captures the unique aspects of the "Bit VIP Bitcoin" concept. I look forward to sharing more information with you soon!
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Thank you for sharing these insights and concerns. I appreciate the feedback and want to clarify a few points regarding the project.
Firstly, I want to emphasize that I have never requested anyone to make pre-orders. I'm fully funding this project myself, covering all costs without relying on customer contributions. This means that the risk is on me, not on the buyers, which is a principle I firmly believe in.
I understand the frustrations surrounding pre-orders and the potential for delays. The production of physical crypto coins indeed involves numerous complexities, including sourcing high-quality materials like holograms and ensuring the design translates well into a physical product. I am committed to maintaining transparency throughout the entire process, so everyone involved can see how the project is progressing.
Regarding timelines, I acknowledge that a 3-6 month period may seem lengthy and comes with inherent risks. I am exploring ways to potentially shorten this timeframe and will keep communication open about any developments. Your suggestion of using escrow to hold funds until project milestones are met is a valid one, and I will consider this in planning.
It's also important to highlight that while some makers can successfully launch pre-sales based on their established reputations, I aim to build trust through transparency and delivering a product that meets quality expectations. Your concerns about pricing and the need for detailed planning are taken seriously; my goal is to create a sustainable business model that mitigates risk for everyone involved.
I appreciate the dialogue and your continued interest in this project. Your feedback is invaluable as I strive to create a positive experience for all potential buyers and supporters.
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Hello, Tweetious Thank you for your kind wishes regarding the "Bit VIP Bitcoin" project! I’m happy to address your questions: 1) Regarding the availability of all 11 designs, we aim to have them ready within the 3-6 month timeframe mentioned. However, production times can sometimes be affected by various factors. If you place a pre-order for one of each design, we will strive to deliver them all within the 6 months. If there are any unexpected delays, we will communicate those as soon as possible. 2) The designs of the coins are indeed original works created specifically for this project. Only 1 design out of the 11 is not entirely my own artwork. We wanted to ensure that each design reflects the unique aspects of the "Bit VIP Bitcoin" concept. I will be adding more information about the designs on the website shortly. We also have social medias on all platforms. You should be able to find them, they are all linked together. Much more information is located on our social medias regarding the coins and their designs. You can get better connected @VPBitcoins & @Vip_Bitcoins 3) Currently, we do not have prototype coin photos available to share, but we will be providing those as production progresses. Your interest in seeing prototypes is appreciated, and we’ll keep our community updated. Lastly, thank you for your suggestion regarding the timezone indication in the "contact us/hours" section. We will definitely consider adding that to make our operating hours clearer for everyone. Updates are being made daily and we are inching closer and closer to releasing our first product! If you have any more questions or need further clarification, feel free to ask!
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I understand everyone's point of view. I may need to brush up on my history of physicals but looks like a fun project. Let's see where this goes.
Hey, Doc Happy to have you. Here is a old post I made that can give you quite alot of information regarding history and some estimations/ statistics. https://bitcointalk.org/index.php?topic=5490729.0
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Hello, Eclipse Thank you for your thoughtful response. I completely understand the importance of reputation in this forum, and I appreciate your advice on addressing questions and concerns from others. Building trust takes time and consistent effort, and I’m committed to moving forward carefully and thoughtfully in all my interactions. I value your insights. I too believe their is a lot of opportunities within this space. It’s reassuring to know that despite the difficulties, there’s potential for growth and development. I’m dedicated to contributing positively to the community and leveraging my skills to help others. Thank you for your encouragement and support; it means a lot as I navigate this journey. If you have any further suggestions or insights, I’d love to hear them!
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Hey Mopar,
I genuinely appreciate your concern and fully understand your perspective.
While my trust ratings may not reflect a significant number of purchases on the forum, I have been actively involved in selling, trading & purchasing items from various forum members, both on and off the forum. I have been a part of polls and raffles, which have helped me gradually build my reputation. Additionally, I've shared informative insights and posts that have earned me many of my merits, all aimed at assisting and informing others, as I believe this contributes positively to our discussions.
Out of respect for those involved, I prefer not to mention any names. I assure you that I'm in the process of establishing my site and am dedicated to earning trust through transparency and positive interactions moving forward.
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Hello, owlcatz
I'm not new to this forum. I bought my first physical Bitcoin in 2018. Joined the forum in 2019. You can see my oldest posts and when I created my account. I've been collecting ever since.
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Hello, krogothman
Thank you for the warm welcome and for sharing your insights!
I truly appreciate the guidance and wisdom from experienced collectors and coin makers like yourself. Building trust within this community I know is essential, and I’m committed to doing so by prioritizing transparency and safety in all aspects of my work.
I’ll definitely check out the thread you mentioned and take the advice on key generation to heart. It’s unfortunate to hear about the experiences others have had, I've been a victim of a few debacles. I’m eager to learn from other creators and avoid past pitfalls. If I have any questions, I’ll be sure to reach out. Thank you again for your support and encouragement—I’m honored to be a part of this community!
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Hey, Aoluain
I appreciate your feedback and understand the concerns regarding trust, especially given the experiences many have had in the past year. Building trust takes time, and I recognize that my profile may not reflect that yet. I’m committed to transparency and ensuring that my methods are reliable and well-tested before sharing them. I also acknowledge that timing plays a crucial role in this space, and I wish I could have been more active earlier. I value the community's insights, including the advice from Frank AlpenCoin, and will take them to heart as I move forward.
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Hello, Frank.
I very much appreciate your two satoshis.
I am taking the key generation process very seriously, which is why I haven't released my method yet. I still have some testing to complete before finalizing my approach. Additionally, I'm creating a dedicated page on my website for others to reference once it's finished. I'm also developing a budget-friendly coin, and many of the designs are already prepared and ready to go. I have one that's being produced as we speak. I hope people will be pleasantly surprised by my work when it's unveiled. I'm genuinely excited about this project and have a deep passion for this hobby and the community, even if we don't always see eye to eye. I will continue to enhance my interactions and contributions within this community because it truly matters to me.
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Markinaz,
I appreciate your two cents.
Telling Lesbian Cow to “go moo elsewhere” was actually more just my sense of humor, but also to get my point across. As for Mopar, I respect everything he says as well but Ive been clear with him and can apparently only take him in small doses.
I meant everything I said to Precious. He seemingly just wants to add chaos.
Its hard to balance “Remaining active and responsive” and at the same time ignore peoples negative comments. Trust me when I say, I'll get better at it.
I hope you can understand my perspective and recognize the effort I'm making to contribute positively to the community. Being criticized feels disheartening. If you choose not to support my items, that's your decision. However, publicly opposing my work feels like an act of sabotage. Dismissing those who are trying to create for the community isn't a constructive approach. I have never intended to harm anyone here, and I believe there’s no reason not to trust me. What’s happening with those who struggle to accept my efforts is a lack of understanding.
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Precious Metap,
This is the last comment ill ever have for you.
Learn how to read.
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Lesbian Cow,
No offense but go moo elsewhere then. Before those innovators became innovators. They were also number 137. Try to have some perspectives other than your own and you'll maybe be able to answer your own question.
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Nice site and very nice coins! Really like the designs, something different to what has already been created and nice to see they are of limited quantities.
Almost nobody on the Collectibles board here will be buying those coins though. Disregarding the price you have no history or trust built up here and as Mooar has stated production methods of creating the private keys needs to be out in the public domain because there has been too many scams and breaches already. There are tried and tested ways of ken gen and there are key gen tools which look good but are compromised.
Definitely you will need to offer DIY options fir the coins and let buyers do their own key gen if the wish.
Good luck, looking forward to see where your project goes.
Thanks, Aoluain I appreciate the compliments. I plan on gaining the trust of this community by being open, honest, transparent and of use. I have some peoples trust here just not every ones. Nor will I ever have every ones. Not even the most active people here do. I'm offering other options in the future but no plans for DIY options currently. My key generation method is going to be on my website shortly (next month or so). So you'll be able to verify its safety.
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Lesbian Cow,
The world does need innovation and I intent to bring that to the space by adding my own twist to things and bringing new ideas.
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Mopar,
I am public about who I am. I'm not hiding myself and just because you dont trust me doesn't mean that others here don’t. Those that agree with you hold your trust over mine. That's understandable. Like I've stated I've been around for 5 years. Again, Just because my trust isn't with you doesn't mean that it is not with others. You are also wrong to believe that everyone here is carrying the risk and I'm not carrying risk. Try to be mindful, I've been around. I've experienced most of the same things you have in the space. I just have a different attitude & approach towards things. This is getting to the point where you're annoying. I hope this wasn't your intention.
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