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Lot 1: 0.00055 BTC
Lot 2: 0.00305 BTC
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Lot 1: 0.0018BTC
Lot 2: 0.0018BTC
Lot 3: 0.0018BTC
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It’s hard to say that those coins will ever sell for those prices again because people who buy them often in some sense have "stronger hands".
Collectors had to pry them out of the hands of the previous collectors.
I think those numbers thrown about was public information. Can’t be that much harm done.
Someone who really knows what they are looking at won’t put to much weight in those past sales because one must simply pay the price to own something like that.
Some collectors who own those coins might be tempted to sell one for 30k or might not sell one even for 1 million Bucks.
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Any more offers? Some very exclusive Casascius pieces available  MJ,
I will donate my kidney for the 1000 BTC CAS Coin. You need a Kidney?
I wonder what the seller would trade for... (2018) 1/2 Oz .999 Gold Denarium Bitcoin #2/100 - Loaded with 0.5 Bitcoin - PCGS Graded PR70DCAM! This coin is the only Denarium product so far to be graded 70! Only a total 90 of these particular coins were minted. |
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I created an ordinals project with a use case that links real-world objects to ordinal nfts. The project fractionalizes rare physical bitcoins and pays out fractional holders though the initial sales and royalties though compounding the value of the item factional owners have stake in. I made a post about it yesterday " https://bitcointalk.org/index.php?topic=5493226.0". Feel free to check it out. Link to the project is in my signature below  I love the idea btw. I want one of those watches  |
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in the long run - it would be easier, faster and more profitable for them to just buy Bitcoin directly vs any NFT
Perhaps, but not necessarily, This not only a piece of art that you reserve, it's fractional ownership of a real world item that increasing adds to the amount of bitcoin attached to it for a one time purchase (A different way to "mine" bitcoin). Not to mention a collectable that will increase in value. It's a compounding money machine. All's it needs is traders/collectors. until someone rugs it and/or sells/peels the coin. Not your keys - not your coin. Again, safer, easier, faster to just buy the Bitcoin and hodl it - that Bitcoin will also increase in value and has zero chance of someone rugging you for it. Mopar, The same could be said about physical bitcoins. I'm not asking you to trust me or anyone. But if you own loaded physical bitcoins you trust the person who made your coin and its private keys. This Idea is simply an addition to that same system but fractionalizing and virtualizing the physical objects. People who are involved with Virtual Physical bitcoins for now would have to rely on that same trust until a solution is made. That's why insurance is such a big aspect to this in my opinion. If the coin was insured it would secure fractional owners of lose |
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in the long run - it would be easier, faster and more profitable for them to just buy Bitcoin directly vs any NFT
Perhaps, but not necessarily, This not only a piece of art that you reserve, it's fractional ownership of a real world item that increasing adds to the amount of bitcoin attached to it for a one time purchase (A different way to "mine" bitcoin). Not to mention a collectable that will increase in value. It's a compounding money machine. All's it needs is traders/collectors. The NFT itself is made of bitcoin  |
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Interesting idea. Does the 1101 NFTs translate to an equal percentage of ownership totalling 100%? For instance if your coin sells on ebay for the 200,000 your asking, what will that translate to for my $121 NFT investment?
Correct. For example: If you own 1 "VPB", you own 1/1101 fraction of the real world object. So if the coin sold for $200,000, 1/1101 would be worth $181.65. If the coin was sold the fractional owners would receive equivalent payout for their fractional ownership. The real money is really with trading volume. The more collectors trade the coin the more gets donated to it. Increasing its overall value. A real life "Money machine"
to me the virtual is pure speculation and an attempt at a money grab
I will stick to physical - while that often is a money grab as well (selling collectibles at 10x the face/load value etc) at least at the end of the day, there is something that can be physically held.
You're not wrong, This is a "money grab". Although, the entire idea is for everyone who is a fractional owner to benefit from the money generated A.K.A the "money grab". Percentages of the Proceeds from both the Royalties and the initial sales will go back to the fractional owners. For example: If there is $1,000,000 in trading volume in a year with a 12% royalty being split. 5% going back to fractional owners that's $50,000 donated back to fractional holders There is no pressure for anyone to get involved and I wont try to convince people. I just thought it was a cool Idea personally so I built it. Now I'm sharing it. As with Physical bitcoins this involves a bit of trust. Its only a $100 -$200 to buy a fraction, and if the idea works it should be worth much much more. |
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Who owns the physical coin?
What would prevent them from peeling/redeeming the coin at any given point in the future?
Your percentages only add up to 44%... what happens to the other 56% of the initial sales?
Who/what company will be insuring the coin? Do they cover the digital values?
Hey, MJ Glad this is getting some attention. So, to answer your questions. I personally own the coin. I would like to figure out a way to display it safely for public viewing. The goal is to create a museum of sorts for these coins The only thing currently preventing the coin from being peeled is me. I wouldn't peel the coin if it was worth a billion dollars. I feel peeling or redeeming these coins is a sin. Although, in the future the plan is to have a more secured method to prevent such a security risk. As of now this project is just in its infancy and a test trail of sorts. The hope is to grow this into something much bigger than any of us. So the proceeds will go to a few things. after the sale of all 1101 NFTS approximately 20% will be donated to the coin increasing the total amount of bitcoin held onto it. The remaining percentage will go to marketing and the purchase of more rare objects (Another physical bitcoin, maybe a 1000 Cas coin) in order to rinse and repeat the process. I will end up taking a percentage myself to recoup my investment and to to continue on the project until it takes on a life of its own. The coin will continue to increase its bitcoin reserves from the royalties proceeds from trading volume annually. I would hope to one day retire off of a small fraction of those royalties 2-5% depending As for who will be insuring the coin, I have not been able to figure that out quite yet. I've reached out to multiple insurance companies. I would love someone's help in this. This Is supposed to be a community based project so I really would love to make this work. I could use the help. |
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"The (VPB) White Paper" Ordinal NFT's A comprehensive overview of the Virtual Physical Bitcoins project, which aims to merge the virtual and physical worlds through the creation of 1101 unique GIF NFTs linked to a real-world Physical Bitcoin.
The project's vision is to democratize ownership and give a voice to all participants. Creating a new space for collectors.
By owning a Virtual Physical Bitcoin, individuals help preserve and protect history as well as become part of a historical movement that seeks to democratize and decentralize ownership of various items in the future.
The goal is to make an exhibit and display these rare items in a gallery, allowing everyone to experience and interact with the project firsthand.
To ensure the authenticity of the Physical Bitcoin coin, individuals can verify its legitimacy on the official PCGS and Denarium websites.
Currently, the coin contains 0.5 Bitcoin, and there are plans to insure it for approximately $100,000.
Following the initial sale, a percentage of the proceeds, ranging from $15,000 to $20,000 (approximately 20% of the total), will be donated and added to the coin. Additionally, a royalty of 12% will be contributed to the foundation, with 5% of the total trading volume being donated to the Physical Bitcoin annually.
The remaining 7% will be allocated towards marketing and funding future projects through the foundation.
The project aims to continuously enhance the value of the coin and benefit fractional owners (VPB Holders) by consistently and perpetually donating a portion of the proceeds to the Physical Bitcoin.
The value of the coin will be carefully tracked, and there is no limit to the amount that can be added.
Fractional ownership presents an alternative investment opportunity that potentially holds value appreciation over time.
Furthermore, owning a Virtual Physical Bitcoin may bring unforeseen advantages in the future, as the project intends to explore and launch additional projects beyond the initial offering. (2018) 1/2 Oz .999 Gold Denarium Bitcoin #2/100 - Loaded with 0.5 Bitcoin - PCGS Graded PR70DCAM! This coin is the only Denarium product so far to be graded 70! Only a total 90 of these particular coins were minted. |
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