Virgin Coins

[juhakall]

I'll still take 1 for novelty....let me know your BTC address and how much you want.

You can have bitcoins generated directly to your address by mining at a pool that does it's payouts like that. P2Pool and Eligius might be the only ones, here's an example of an Eligius payout. But that's still not the same as having the whole block reward generated to you.. or is it? I don't really know what's the value-adding thing here.

[1714897740]

1714897740

[1714897740]

1714897740

[1714897740]

1714897740

[SAC]

I'll still take 1 for novelty....let me know your BTC address and how much you want.

You can have bitcoins generated directly to your address by mining at a pool that does it's payouts like that. P2Pool and Eligius might be the only ones, here's an example of an Eligius payout. But that's still not the same as having the whole block reward generated to you.. or is it? I don't really know what's the value-adding thing here.

The value add is in finding the morons willing to pay over the odds for a bitcoin block and as I expected the usual suspects are in with how great this can be hold onto your wallet their at it again...

[matthewh3]

Yead I'd like to be able to buy whole virgin 25.00 blocks on a paper wallet made into a basic bank note made from http://toughprint.com/ paper.  That paper would probably last longer than normal paper laminated as its waterproof and tear-proof.

[adamstgBit]

Yead I'd like to be able to buy whole virgin 25.00 blocks on a paper wallet made into a basic bank note made from http://toughprint.com/ paper.  That paper would probably last longer than normal paper laminated as its waterproof and tear-proof.

or on nice heavy brass coin  

[matthewh3]

Yead I'd like to be able to buy whole virgin 25.00 blocks on a paper wallet made into a basic bank note made from http://toughprint.com/ paper.  That paper would probably last longer than normal paper laminated as its waterproof and tear-proof.

or on nice heavy brass coin  

What kind of bitcoins goes on those 'Casascius coins'.  The ones you use to purchase them or something else because it'd be good if you could get whole virgin BTC25.00 blocks on them 

[jamesg]

What kind of bitcoins goes on those 'Casascius coins'.  The ones you use to purchase them or something else because it'd be good if you could get whole virgin BTC25.00 blocks on them 

That is definitely an interesting idea. Although, it would probably be over 25 coins with the transaction fees in there.

[jamesg]

http://toughprint.com/

Good idea on the tough print paper. I was thinking about regular paper with lamination but I'll need to look into this more.

I wonder if there is a similar company in the US.

[matthewh3]

http://toughprint.com/

Good idea on the tough print paper. I was thinking about regular paper with lamination but I'll need to look into this more.

I wonder if there is a similar company in the US.

Yeah you can buy the paper on eBay so I'm sure there is a US supplier.  It'd be better than laminate as it doesn't even tear when wet.  I've seen some other similar papers and they have a more canvas type feel which might be good for a btc bank note but I don't know if the canvas ones are as tough as that waterproof and tear-proof paper.

[matthewh3]

http://toughprint.com/

Good idea on the tough print paper. I was thinking about regular paper with lamination but I'll need to look into this more.

I wonder if there is a similar company in the US.

Yeah you can buy the paper on eBay so I'm sure there is a US supplier.  It'd be better than laminate as it doesn't even tear when wet.  I've seen some other similar papers and they have a more canvas type feel which might be good for a btc bank note but I don't know if the canvas ones are as tough as that waterproof and tear-proof paper.

This is the cotton paper - http://www.theinkjetpapergirl.co.uk/a4-260g-cotton-matte-real-canvas-waterproof-20-sheets-177-p.asp - so it'd feel more like a bank note but its only water resistant and tear resistant while the other one is waterproof and tear-proof even when wet.

[BkkCoins]

What kind of bitcoins goes on those 'Casascius coins'.  The ones you use to purchase them or something else because it'd be good if you could get whole virgin BTC25.00 blocks on them  

That is definitely an interesting idea. Although, it would probably be over 25 coins with the transaction fees in there.

I hadn't even thought of the fees. That would make any bidding on a block a small gamble as well. You'd never really know how much premium you paid until it won, and the miner wouldn't know if they were going to get more than just fees. Perhaps users would pay a higher fee to be in a famous virgin block just as they did for the halving.

The value add is in finding the morons willing to pay over the odds for a bitcoin block and as I expected the usual suspects are in with how great this can be hold onto your wallet their at it again...

I don't see how this is different than coin collecting. Collectors always pay more than face value for anything considered rare or special. Is it moronic to pay for fun, entertainment or simply enjoying something besides calculating your net worth? What a sad life that would be.

Even from a strictly investment pov one has no idea what value a virgin block may someday have. People collect the weirdest things. If someone would pay 124,000 Euro for this then why not a virgin block?

[Yankee (BitInstant)]

I'll still take 1 for novelty....let me know your BTC address and how much you want.

You can have bitcoins generated directly to your address by mining at a pool that does it's payouts like that. P2Pool and Eligius might be the only ones, here's an example of an Eligius payout. But that's still not the same as having the whole block reward generated to you.. or is it? I don't really know what's the value-adding thing here.

The value add is in finding the morons willing to pay over the odds for a bitcoin block and as I expected the usual suspects are in with how great this can be hold onto your wallet their at it again...

SAC,

Please refrain from personal attacks on these forums. If you want people to give you respect, you should respect other people.

Some peoples garbage are other peoples treasures.

For those of working on the front lines of Bitcoin, sometimes these small novelties and memento's of Bitcoin excite us. We have the right to enjoy what we work so hard on every single day.

If you can't see the value in a free market economy, and true value by someones own accord, there is a bigger problem here.

-Charlie

[SAC]

I'll still take 1 for novelty....let me know your BTC address and how much you want.

You can have bitcoins generated directly to your address by mining at a pool that does it's payouts like that. P2Pool and Eligius might be the only ones, here's an example of an Eligius payout. But that's still not the same as having the whole block reward generated to you.. or is it? I don't really know what's the value-adding thing here.

The value add is in finding the morons willing to pay over the odds for a bitcoin block and as I expected the usual suspects are in with how great this can be hold onto your wallet their at it again...

SAC,

Please refrain from personal attacks on these forums. If you want people to give you respect, you should respect other people.

Some peoples garbage are other peoples treasures.

For those of working on the front lines of Bitcoin, sometimes these small novelties and memento's of Bitcoin excite us. We have the right to enjoy what we work so hard on every single day.

If you can't see the value in a free market economy, and true value by someones own accord, there is a bigger problem here.

-Charlie

Whatever free market manipulating more like it but you people are used to that anyways. So in short if your fine with these scammers pulling another one give it your full support.

The value add is in finding the morons willing to pay over the odds for a bitcoin block and as I expected the usual suspects are in with how great this can be hold onto your wallet their at it again...

I don't see how this is different than coin collecting. Collectors always pay more than face value for anything considered rare or special. Is it moronic to pay for fun, entertainment or simply enjoying something besides calculating your net worth? What a sad life that would be.

Even from a strictly investment pov one has no idea what value a virgin block may someday have. People collect the weirdest things. If someone would pay 124,000 Euro for this then why not a virgin block?

Indeed as old PT said there is one born every minute and all these collector fools are just a shinning example of it.

[matthewh3]

Indeed as old PT said there is one born every minute and all these collector fools are just a shinning example of it.

Oh, who's got too much angst and an internet connection    People have always collected things and when those things are rare things the collection can become valuable.  Certain gold coins coins are worth >x10 the magnitude of 'spot' price.

[Otoh]

I made a vanity address for my niece & would perhaps be interested in funding it this way for a reasonable premium, maybe others would too - I wouldn't be surprised if it was being planned for a long term investment &/or gift.

Edit: I collect coins & have sold 2 since 2010 for between $80k to $100k each, they weighed 37.22 grams Au each, melt value approx $2k each.

[jamesg]

I made a vanity address for my niece & would perhaps be interested in funding it this way for a reasonable premium, maybe others would too - I wouldn't be surprised if it was being planned for a long term investment.

Very cool vanity addy. That one must have taken a while to make!

I'm glad to see that most seem to think that this is a novel/interesting idea.

[JWU42]

Generating for an address is a better idea.  I mined a few 50 BTC blocks before the reward halving and moved the private keys to a longtime storage wallet.  I had envisioned selling the private key but see that requires trust that I would remove that key from a wallet...

[jamesg]

Generating for an address is a better idea.  I mined a few 50 BTC blocks before the reward halving and moved the private keys to a longtime storage wallet.  I had in visioned selling he private key bu see that requires trust hat I would remove that key from a wallet...

I think this is why mining directly to paper wallets is key for pre-generated coins. I am starting to agree that the less trust approach would be for customers to make purchases before hand and then mine directly to their address. They would know that they would be getting 25 BTC and whatever transaction fees come with the block.

The paper wallets are good if you want to receive something in the mail. I personally like receiving things in the mail and, if done right, I think others would like it too.

It is also good to be able to mail (and have customers sign for) something if you are accepting meat space methods of payment.

[casascius]

What kind of bitcoins goes on those 'Casascius coins'.  The ones you use to purchase them or something else because it'd be good if you could get whole virgin BTC25.00 blocks on them 

Usually it's just the one used to purchase them, but I would be happy to make 25 BTC coins out of virgin coins if there were buyers willing to pay extra to make the effort worthwhile.  Part of the problem is that everyone agrees they'd be neat but wouldn't pay much more than a couple percent premium to get one.  I'm open to be proven wrong, but am somewhat resigned to the idea that bothering would barely be worth the effort.

If someone wants to arrange it themselves, I'd be very open to it... in other words, you buy the coin and then instead of saying "OK it arrived please fund it", you'd say "OK it arrived and I funded it myself so you don't have to, so now please refund me my original 25 BTC at address X".  I already do deals very similar to this from time to time when buyers want to fund them with bitcoins from a specific origin.

[SAC]

Indeed as old PT said there is one born every minute and all these collector fools are just a shinning example of it.

Oh, who's got too much angst and an internet connection    People have always collected things and when those things are rare things the collection can become valuable.  Certain gold coins coins are worth >x10 the magnitude of 'spot' price.

Sure they are that gold in there has them super special atoms never to be found again ...

[Hal]

I was lucky enough to receive the first bitcoin transaction, and then I was careless enough to spend it accidentally. I probably still have the key sitting on a switched-off computer, so I could auction off the key. Usual caveats about making sure I delete it when I sell it...