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Author Topic: Physical Bitcoin Mints?  (Read 1377 times)
mrbrt
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October 15, 2015, 03:42:29 PM
 #21


While we're at it. The topic is Physical Bitcoin Mints, so wouldn't something like these be more appropriate?

 Wink

And....
You don't need expensive dies, metals, or images. Just look at our friend Mike. He minted coins in his own kitchen. And is now a millionaire Cheesy


I was under the impression that Mike used a mint that makes car wash tokens.  I believe the holograms were made by the same company that made Denarium's.  Of course he assembled them.

Yeah I don't think he actually had the rounds struck in his kitchen..hah. I believe minerjones was just jokin'
TGBEX
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October 15, 2015, 05:30:10 PM
 #22


To make unloaded coins is quite straightforward, or to sell small denominations of loaded coins is fairly simple. Making 1btc coins or higher value coins (we make 10btc & 20 btc coins) is a little trickier given need to comply with various regulations (which vary depending on which country you are selling to/ where you are based).


If I were coming out with a coin I'd be pretty wary of selling loaded ones. People do seem to be weirdly accepting of total strangers creating their private keys in coin form but I would've thought it would be a tricky sell unless you've earned a good rep already.

Even if you are selling unloaded wallets you face the same issue - in theory a manufacturer of unloaded wallets could keep private keys and wait until they were loaded...

Building a reputation is very hard, especially when you advise customers (especially of larger amounts) to keep them hidden! - we stopped someone taking a picture of the first 10btc coin being sold as it is obviously much safer to not tell anyone you own one! (if bitcoin did ever get to $10,000 or $1,000,000 you could become a target for thieves)
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