 Show Posts
|
|
Pages: [1] 2 »
|
|
I would like to order 2 for US delivery.
|
|
|
|
|
Put me down for 2 USB shipped to US
|
|
|
|
...
c) A signed QR code balance sticker generated by Casascius, to place on the new coins later.
I believe the reason that the codes aren't etched into the metal is because common medical imaging equipment could read the code without removing the holo. Regarding point c, can you elaborate? If you're suggesting a second public/private key holo that the purchaser could apply after the fact, I don't think that would ever be something that'd be offered. Re. Durable marking, this might be difficult or impossible; but some sort of temperature stable , subtle marking of the metal would improve the value. For C, I'm imagining a separate code, not for the keys, but indicating the balance as verified on a date. It might make sense to store these in a coin holder with a pocket, to document the coin's history offline. |
|
|
|
|
Value parameters
1- Denomination
2- Rarity
3- Metal scrap value
4- BTC scrap value
5- Utility , as a hardware wallet
New versions will lose simple denomination, but the hardware wallet value could be enhanced.
a) Durability, I see other products able to survive high temperatures with codes built into the metal.
b) A public address QR code to make balance checking easy.
c) A signed QR code balance sticker generated by Casascius, to place on the new coins later.
|
|
|
|
Security will be a major issue but no more of an issue than for electronic banking.
Are you kidding ? In "electronic banking" there is almost no way anyone can steal significant amount of money without being caught and the money recovered. I agree with ghdp. I was at a $20 bn boutique fund the other day talking BTC with the owners -- I looked around the office and noted that there really isn't anything anyone could steal. If a criminal walked in you could give him free reign -- what could he take? Client lists? If he was REALLY clever he could figure out where to wore money....then what? He'd need to have a wire to a bank where he could wore it to Found a case where bank security failed destroying a California escrow company. http://krebsonsecurity.com/2014/01/firm-bankrupted-by-cyberheist-sues-bank/"$1.1 million to accounts in the Heilongjiang Province of China" |
|
|
|
there is a bunch of IRA money or crazier 401k money ...
The big win would be Roth IRA money, think about the tax savings on BTC withdrawn in 2050. |
|
|
|
...
Main things I'm wondering is how much, if at all, large BTC holders see as a value of public vehicles backed by BTC. As suspected, for some it's no advantage at all,for others it's perceived as a major advantage.
...
Curious who thinks it's a major advantage? Current Bitcoin publicity is huge. Short of the president buying bitcoins it's hard to think of it getting any bigger. So publicity angle is underwhelming at best. Ease of trading if thought through seems more of a negative because it isn't actual xbt ease of trading. If a dentist in san diego as you put it sells apple and buys xbt fund the fact is they aren't buying xbt but instead are buying just paper. Reminds me of MP calling it a valueless receipt. Instead of reducing volatility it only increases it. Instead of xbt being used as a currency it becomes a penny stock pump and dump. Hard to see bitcoin idealists seeing this as a major thing. I could be wrong though. A fund should have a public bitcoin side to earn full community support. This might be difficult, but could be done in phases. 1- Bitpay for incoming funds. 2- Redemption in dollars directly to an BTC exchange account, with some discount on fees. 3- A full Bitcoin interface in and out, difficult to get approved, but worth trying long term. 4- Full implementation in the blockchain as a BTC security, may need new laws or really clever lawyers. |
|
|
|
...
There is not enough physical gold in the world to settle all the financial contracts for gold.
...
That is counterparty risk, to big to fail quietly. The German bank is having fun unwinding their corner of this mess. This community has tools and preferences to eliminate counterparty risk, may we never handle the backend as poorly as the physical gold community has. |
|
|
|
I'm looking at time delayed transactions, might be useful for the warm wallets used in these funds. --Delayed transactions (using nTimeLock)-- https://bitcointalk.org/index.php?topic=131443.0Something to experiment once I'm ready to play with raw transactions. This leads me to wonder about certification tests, I suppose each unstolen wallet is evidence of some ability. |
|
|
|
|
Ways to invest in Bitcoin
1- Direct ownership
2- Mining hardware
3- Qualified investors fund- Second Market
4- Qualified investors - angel investing in service and equipment providers
5- ETF- Winklevii (future)
6- Closed end funds as discussed here (future)
7- REIT with 25 % in BTC (future)
8- Trusts, do any exist yet?
|
|
|
|
|
The REIT concept is interesting...
"Have at least 75% of its total assets invested in real estate"
This leaves room for a bitcoin holding that could provide appreciation, the real estate holdings could be focused on short term income yield.
|
|
|
|
This might be a good project for the Foundation. The boundaries of regulation are often set by litigation. |
|
|
|
|
Add me to the interested list.
|
|
|
|
|
Just noticed another problem:
"Please note that we use BitPay to accept Bitcoin payments.
The USD amount you enter here will be converted to equivalent Bitcoins on BitPay.
No refunds ..."
No Refunds , $5 stuck there
|
|
|
|
|
Quote from: AtlasONo
: What makes it "horribly insecure" ?
A permanent list of addresses and times is created for that physical location.
Imagine a customer is careless and visits daily , using a address with other large transactions. That high value wallet can be ambushed.
|
|
|
|
|
