That will be the last time that I will store BTC on coins or cards, which I have bought from other people!
But please don't put all us coin/card/poly/ makers in the same basket as that scumbag.
That's the problem: It's impossible to prove the coin creator doesn't have a copy of the private key, but if he has, once it's proven it's too late and your coins are gone. So not trusting others (long term) is the only way to be certain.
Speaking for myself and probably for most others, we are not like him and my reputation is not worth all the BTC in the world.
I have no reason to doubt that. But (since I'm not into collectibles anyway) I wouldn't risk it either.
I understand all of this....but this is the hobby we are in and for people that do not want to take that chance....they shouldn't.
If I was new to this hobby and I read this thread and also my
scam thread I would look at people like myself as crazy to be doing what we do.
Again speaking as a physical bitcoin maker, all private keys should be destroyed. Today I am normal and tomorrow who knows what destiny
has in mind for me. Desperate people do desperate things, so remove that temptation altogether so its never there to be taken advantage of.
But there is no guarantee that I have done that, and that is an issue which I can understand.
A few years back I reached out to the guy who came up with the paper wallet idea if he had ever done a Physical Bitcoin collectable to see if Bitbills were the first or if he was.....He replied as follows....
It has long been a topic of conversation amongst us physical bitcoin collectors on who made the very first loaded bitcoin item.
There was a theory that Gavin Andreson created one back in 2010. After all it was his original idea that started it all as you can see from the following thread..
https://bitcointalk.org/index.php?topic=2537.msg34413#msg34413 In it he states...
Yeah, cool!
Could you punch a couple of holes through the B? I like topologically interesting money.
And if you want to make it the absolutely coolest coin in the world, generate a new bitcoin address, send 1 bitcoin to it, and then engrave that address on the coin.
Then you have physical currency that the owner can independently check to make sure the bitcoin backing it hasn't been spent.
So for years people have always debated who was the very first. Well I finally reached out to Mr Andreson and he replied as follows..
I never created physical bitcoins— until Bitbills (and then cacascius coins) I didn’t think enough people would trust the creator to destroy the private keys. I was wrong, turns out quite a few people were willing!
Show Posts
WHAT CORRECTION??!? WHAT BEAR MARKET?
