My assumption there is that they mean no online account or password is needed, which is true, as you don't need to setup an account or set a password to use the Ballet app. Further evidence of this is that they also describe their Bitcoin Block product the same way, which clearly has keys on that:

Bitcoin BLOCKs are physical bearer assets, with no external dependencies such as passwords or third-party accounts. Whoever has physical possession of the Bitcoin BLOCK controls the funds.

I agree, they should have posted more images, and I suspect they will eventually. Their current real series wallets have a bunch of wasted space on the back, so I'm assuming they made this design to make more use of both sides.

I would have liked to see the backside, but my assumption after reading this is that all of the key information will be on the back.

The collectible is sold as an empty container that users can load with bitcoin through the Ballet Crypto app or by simply transferring BTC to the address shown on the collectible or the app.

They also describe it as a physical bearer asset, which implies the keys would have to be on it somewhere.

https://store.balletcrypto.com/products/pure-bitcoin-one-tenth

If you are claiming there was a period in history that earnings weren't taxable on BTC, I would say you are spreading misinformation.  You should probably also delete the line about not paying any crypto taxes until 2018.  I had paid a six figure sum of taxes prior to that.  Seems like you're unnecessarily admitting to tax evasion.  Also, if you can't see how seats going from $1.54 to over $30 while paying weekly distributions for nearly a decade isn't beneficial, you should probably stay away from investing.  It's easy to say Bitcoin performed better than NastyFans because it has.  It's performed better than all assets during this period.  Had the price of BTC fallen, the NastyFans seat price would have gone up in BTC and people would be claiming that they lost money because the USD value went down.  Those people would actually be correct even though they made BTC.  Personally, I think people would prefer to have made USD then lost it, but you're free to push whatever imaginary agenda you want.  However, in this case it isn't even a debate.  You are wrong.  Governments and agencies don't care about BTC amount exchanged, they care about fiat value exchanged.  It's really that simple.  

This is not true. You are giving bad advice. If you get paid in Bitcoin, it is taxable at the usd rate you received Bitcoin. That’s how it works. Any movement from the price after that up until it is converted to fiat is reported as capital gains or losses. Claiming you don’t owe taxes on income in Bitcoin until it is converted to fiat is just plain wrong.

I really think you guys need to make your own thread to fill with misinformation rather than bury actual useful information in this thread with this never ending nonsense. I’m trying to help further this organization’s growth, not teach basic finance and accounting.

I have to claim the value of the BTC at the time it is mined, and then claim the loss/gain when I convert it.

Nope.  All electricity costs have always come out of my own pocket.  I know it seems odd that people would attack someone for running miners for others behalf and paying all the associated costs for them, but that's literally what is occurring here.

This is a dangerous statement that could potentially land you in big trouble with the tax reporting agencies in your country.  If you claim a loss of funds to your government's tax agency the way people claim it on this thread, you will likely face penalty as you should be claiming your fiat gains.  Stating otherwise is a dangerous claim that could land people in hot water if they listen to you, so be careful.

It's actually the opposite.  The last vote on donation % was to increase the amount given to seats.  I also don't take anything for myself from mining rewards.  They're all sent directly to NastyFans.  I buy seats and get payouts the same as everyone else.  The fact you could even think I have taken a penny for myself from this organization when I've donated hundreds of BTC to it and paid electricity out of my pocket for nearly a decade shows the level of disinformation being pushed.

The way I'm criticized for my involvement with NastyFans, I have to wonder...  Do you guys want me to just stop mining on behalf of NastyFans?  What is your goal with these attacks?  Do you want me to stop spending my time trying to raise funds for seats and move on to other projects where I'm more appreciated?  I've already made a nearly million dollar buyback offer for anyone who wants to cash in their seats at a massive profit to their issued price.  It seems like people commenting here want to push false narratives and spread lies about me and NastyFans.  What is the goal?  Is that goal for your own petty revenge because you blame Bitcoin vendors for accepting your BTC and keeping you from getting rich, or are you trying to help NastyFans members grow this organization like they got involved to do?  Maybe if I understood the motivations behind these attacks, I could help you get some sort of satisfaction other than knowing you helped me buy back a ton of seats at well below their fair value.  If there's a better way to unlock value for NastyFans members than I have been doing without expecting things from me you wouldn't expect from all NastyFans members, I'd love to hear it.  

nice group order!

I 'll take

1x XUMM XRP
1x Tangem multi-currency card

let me know when you would like me to send you my precious satoshis...  (ie now OR after you place the order)

Hi buddy ! how are you ?

love your group order ! take 1x XUMM XRP 

Hi all,

This allocation of the "888" subset was mainly intended for the China market, where they prize the "888" numeric sequence, as it means wealth and fortune.

We decided to first offer these 21 serial numbers to the BitcoinTalk collector community. Any that's not bid on will then be sent over for sale locally in China.

Let me know if any of you have further questions on this!

thanks,
Bobby

I don't know whether I am getting your point or not. In my opinion, Bitcoin failures and success comes because of its digital nature not because there is demand of physical bitcoin. Decade later there is zero demand of physical bitcoin which clearly means no one wants it. 

This is an easy question. Holding BTC has made us a substantial amount of money that we would have missed out on had I expanded the mining operation. If I had spent this money to expand you would be complaining that we would have been better off holding. I’ve been in Bitcoin a long time and decisions like this to wait in order to spend funds has historically been the right one and I’m glad my gamble paid off for us all.  

We have 2 VII’s and an S17 operating currently. Anyone is free to join me in donating hashes to NastyFans as this is a community organization. I’m leading by example with my mining operation and product line but expect someday I will not be alone in donating to this venture as others continue to grow their interest in the organization’s longterm success.

I don’t know how in touch you are with the mining community but it is nearly impossible to find a GPU or ASIC for sale right now at anywhere near MSRP. If you can provide new mining equipment at MSRP let me know and I’ll happily expand when the time is right (likely near the end of the year if history repeats).

As an outsider, let me ask a rather simple question - and this is based on my limited understanding of how these seats were set up and are treated.

If the funds used to buy seats had been used to buy BTC - would that equal more than 16.801 BTC?

If not, then the seats have made ROI and are, at some level, profitable. And the seat owners may or may not be happy with the level of ROI.

If there would have been more BTC stored by the seat owners had they just simply purchased BTC directly and held it, then the seats have not yet met ROI and are not profitable. And then the only one that has made any profits is the one selling the seats, unless he has spent the entirety of the cost of the seats on minting the seats, mining equipment and maintaining the mining equipment.


Is that a correct assessment?

thanks mopar, hows the mini prus?

twitter?
https://m.youtube.com/watch?v=Hx_m7Y9nGtU