Casascius Coins & Forks

[pete898]

I wasn't sure where best to post this one so will post it here...

Can anyone explain what happens with loaded Casascius Coins when Bitcoin forked..?

i.e. a 1 BTC Casascius Coin has 1 BTC pre-loaded... So when Bitcoin is forked, and the new blockchain carries on, in theory at least, the Casascius Coin should also represent 1 Coin on the newly forked blockchain, as well as the one on the old original blockchain..?

If that it the case, it would effectively add additional value to each coin with every new fork..?

Many thanks...

Pete...

[BurtW]

I wasn't sure where best to post this one so will post it here...

Can anyone explain what happens with loaded Casascius Coins when Bitcoin forked..?

i.e. a 1 BTC Casascius Coin has 1 BTC pre-loaded... So when Bitcoin is forked, and the new blockchain carries on, in theory at least, the Casascius Coin should also represent 1 Coin on the newly forked blockchain, as well as the one on the old original blockchain..?

If that it the case, it would effectively add additional value to each coin with every new fork..?

Many thanks...

Pete...

Every Casascius Coin now has:

1 BTC plus
1 BCH plus
1 BTG plus
"collector value"  (more if it is an older coin with the spelling error) plus
"condition value" (worth more if in better condition, graded, slabbed, etc.) plus

whatever other forks you care to mention (Bitcoin diamond, CLAM, etc. etc.)

So when buying or selling you need to take all this value into consideration.

[Yakamoto]

I wasn't sure where best to post this one so will post it here...

Can anyone explain what happens with loaded Casascius Coins when Bitcoin forked..?

i.e. a 1 BTC Casascius Coin has 1 BTC pre-loaded... So when Bitcoin is forked, and the new blockchain carries on, in theory at least, the Casascius Coin should also represent 1 Coin on the newly forked blockchain, as well as the one on the old original blockchain..?

If that it the case, it would effectively add additional value to each coin with every new fork..?

Many thanks...

Pete...

Their private address is still worth the same across whatever forks exist for Bitcoin, so the value is going up after ever fork since it has the BCH, BTCG AND BTC all on the coin, plus, as what the poster above me said, whatever other collector's value exists for the coin. It's not like they're losing value from the forks, you just need to make sure you can access the wallet address in a de-coded or standard alpha-numeric series and you now have all of those special forks and various other tokens that branch off of whatever has happened to BTC in the past.

Casascius coins will basically always appreciate in cryptocurrency value, but I don't know if the value of the coin itself is always worth it.

[pete898]

Many thanks for both replies and for confirming what I thought to be true... and that is a very nice Christmas bonus to know... cheers...   

As a thank you, check out COLX which should really kick off in the new year!

Their coin-swap ends on the 28th December from their old version 2 and my money is on it being a rising star next year...


This is its hierarchical genealogical tree of where it has been developed (forked) from (prices were correct when I did them a few days ago) - 

2009 Great Grandfather ‘Bitcoin’ – Current Price $13,777.35

2014 Grandfather ‘Dash’ – Current Price $1,217.48

2016 Father ‘Pivx’ – Current Price $12.13

2018 New Born ‘COLX’ – Current Price $0.000404


You'll see it's from excellent stock and I think it has excellent potential to hit $1 over the next two to three years, exactly the same as all its ancestors above did...

Very many thanks again for your help... 

Pete...