Because he wanted to save everyone else the hassle of having to write ...00001 after their subsequent bids at the BTC0.002 increment.

To the OP, what's the point of the two highest bidders paying you? Is this to protect you incase the highest bidder doesn't pay?

Please verify potential activity by providing the start date and whether this account has had any bans (and if so, for what total duration in days).

Thanks.

Thanks for agreeing with me - it's daffy indeed. If anything the premium should ONLY be equal to the cost of the grading service, but that's me.

So...to the OP...any pics of these coins? What coins are they? Let's talk business!

No. A graded Casascius coin should sell for the same as a non-graded Casascius coin provided the two coins are the same mintage and style and condition. In fact, I would only pay less for a graded coin because it has that ugly slab around it which makes it terrible for display - but I'm rare in that category.


I don't care about the grading, I care about which coins s/he has because I may be interested in buying them? The coins in question are "the ones out for grading", which is why I refer to them as such.


Why so critical?

I think the most interesting part of all of this is that not a single company owner or campaign manager is defending their decision.

Not ONE has made mention of it in any signature campaign thread or on this thread.

That's telling, if a business can defend the tough decisions you have to question their reasoning, their motives.

Actually - the situation is not resolved. I just checked their campaign thread and they haven't paid Avatar posters for the previous month's payment...stay tuned for an update.

Ah, cool. Thanks for the update!

This company is great...what the offer is great...I'd hate for them to disappear or fade away.

Here's some detail on the security features of these certificates...they look great!

Our Bitcoin Certificates have the following value-adding features:
 Printed on synthetic polymer paper, resistant to water, wear and tear.
 Printed in extremely high resolution, only available on high-end industrial machinery.
 Equipped with hologram, featuring the Bitcoin Suisse logo.
 One-sided embossing of the company seal.
 X-ray, Ultrasound and probe proof private key.
 Usage of metallic silver ink on the bill, which cannot easily be replicated.
 Field which is to be opened to access the private key cannot be re-closed without clear signs
of tampering.
 Matrix printed QR-code of the Bitcoin address – with unique fingerprint properties, is visible
on the outside of the bill.
 Individual serial numbers identify the certificate – and contain encoded information as to date
and year of production, number of bill, series, nominal value and other information.
 Issued by a reputable and regulated Swiss company, which has been in business for (in crypto
currency terms) a long time.
 Extreme care taken during offline generation of keys. High quality random seeds used. Keys
are never visible to the production staff, nor anyone else. Always at least two Bitcoin Suisse
employees present during handling of keys.
 We register the unique fingerprint of each bill – along with the TxId (transaction ID) associated
with the loading of the certificate. These data are to be published in an accessible register to
ensure that people can trust that certificates obtained from 3rd party are genuine and loaded.

That's a great point! I kind of forgot about that. It's also possible that a lot of this first series was just lost or forgotten, tossed out with "basement junk" in a move or something.

Yeah but it's alot easier to hide $1,000,000 with Bitcoin than it is with cash in a suitcase.

To the OP, thanks for sharing. I didn't know Milton Friedman made these comments...he's a legend!

For those that are buying - in what quantities and what exchange do you use?

Anyone bitcoin-cost-averaging? Buying the same amount each month or few weeks, regularly to average your cost?

When you can pay 2 person per month to do what?

WOW, talk about insult to injury. I think the FBI has jumped the shark on this one, they've lost control, lost their swagger, their power. They need to leave these people alone because the FBI is Fucked Beyond Incompetence on this case!

If you live in the UK would you quit your day job and go full time on Dollar?

Or if you live in the US would you quit your day job and go full time on the Yen?

Or if you live in China would you quit your day job and go full time on Euro?

That question doesn't make sense. Bitcoin isn't something you go full on. There's no country behind it so technically you can go "full time on Bitcoin" when ever you want using one of those fiat paycheck conversion companies.

One thing you'll DEFINITELY need to full time on Bitcoin is your day job, so don't quit!

Agreed, it's very possible that we'll never get to all of bitcoin being mined...just like we'll never mine all the gold in the ground, at some point it just won't be worth it or profitable. And of course there will never be a full 21 million coins because a few were earmarked as "test" coins or "throwaway" coins, it'll be something like a few thousand or hundred thousand less than 21 million.

When it comes to the fiat value of Bitcoin, we very much want inflation. We want the price to inflate as high as it can.

When people talk about inflation and deflation they talk about prices of goods and services, not the cost of the currency. (Economists, am I wrong?)

Halving doesn't decrease supply. Halving decreases the growth of supply. And this is generally a good thing for Bitcoin. If demand remains the same it makes bitcoin more scarce, increasing price. If demand drops it still controls/slows growth of supply, helping support bitcoin price.

Mining profitability will always be on a consolidation crash course. Fewer and fewer firms will have the size and volume to make profits as bitcoin becomes harder and harder to mine. I don't think fees will increase that much...if they do, people will stop transacting and just hold. It'll turn bitcoin into an asset class, which isn't bad either.

I define "the rich" as "people who have quite a lot of money to begin with."

How do you define them...?

You still haven't said how much it costs...

It's a safe link. It's a counter. When you open it it starts calculating how much fees have been generated in all the fiat banking systems in the world and how much fees have been calculated in the bitcoin economy. There are some other comparison factors as well.

The bank fees grow to ridiculous amounts in seconds, insane amounts. A hundred million dollars in a minute (maybe). While the bitcoin number remains zero. The calculator is flawed. It's counting way too much in banking fees and not calculating any bitcoin fees.

(The OP and owner admits that he's still working through these items, he admits they're not correct, but he still thinks it's appropriate to release a calculator that can't calculate correctly.)