Lucky coin Idea

[Mitchell]

So, how much is a coin again?

[TheNewAnon135246]

So, how much is a coin again?

45 pounds (~€60).

I would be interested in the #2 spot but first we need to fill up round 4, receive the round 3, 4, silver and gold Super Delux coins first

[Mitchell]

Hmmmm, I might take a spot on round 4. Maybe. Let me think about it.

[gravitate]

So, how much is a coin again?

45 pounds (~€60).

I would be interested in the #2 spot but first we need to fill up round 4, receive the round 3, 4, silver and gold Super Delux coins first

Super delux should be with you very soon. I am happy I called the Delux because they certainly are a luxury. The best coins I have made so far!

[gravitate]

If there is going to be a round 5, sign me up for the first spot again.

Yes we can carry this on for as long as there are people willing. I had approx 150 spare coins! If the interest dries up a little we can switch to bi weekly etc to make sure the slots are filled.

I wish I could buy some of these I would buy 2 per week if possible. But I don't think that would be allowed as to much call for foul play potential also I would know if I won or not.

[TheNewAnon135246]

So, how much is a coin again?

45 pounds (~€60).

I would be interested in the #2 spot but first we need to fill up round 4, receive the round 3, 4, silver and gold Super Delux coins first

Super delux should be with you very soon. I am happy I called the Delux because they certainly are a luxury. The best coins I have made so far!

Yay! Any idea how long the gold coins are going to take?

[Mitchell]

I wish I could buy some of these I would buy 2 per week if possible. But I don't think that would be allowed as to much call for foul play potential also I would know if I won or not.

You could get a trusted third party to generate the public and private keys. That party should also send the 1BTC to one of the addresses at random, once the coins have been shipped (so that the distributor is unable to keep the winning coin). That party shouldn't participate with buying the coins though, as it would be a conflict of interest and all that.

Also, how much are the Delux ones? I haven't been following this stuff closely.

[TheNewAnon135246]

I wish I could buy some of these I would buy 2 per week if possible. But I don't think that would be allowed as to much call for foul play potential also I would know if I won or not.

You could get a trusted third party to generate the public and private keys and send the 1BTC to one of these addresses at random, once the coins have been shipped (so that the distributor is unable to keep the winning coin). That party shouldn't participate with buying the coins though, as it would be a conflict of interest and all that.

Also, how much are the Delux ones? I haven't been following this stuff closely.

How would that work? You need to place the private key under the hologram, so generating those after they have been shipped doesn't make sense .

Edit: The silver Super Delux coins are sold out (they cost $166). There is 1 slot available for the gold plated Super Delux coin but the price is unknown atm.

[Mitchell]

How would that work? You need to place the private key under the hologram, so generating those after they have been shipped doesn't make sense .

Yes, of course. The private keys would be given to the distributor when creating the coins, but the 1BTC itself won't be sent to an address before the coins have been shipped. So you would have the following sequence:

Trusted party generates keys -> gives private keys to distributor -> distributor makes coins -> distributor sends coins -> trust party sends 1BTC to a random address.

Yes, you would need to trust the person, that makes the coins, to throw away the private keys, but that's what we have been doing anyway.

EDIT: I've updated my previous post to be more clear.

Edit: The silver Super Delux coins are sold out (they cost $166). There is 1 slot available for the gold plated Super Delux coin but the price is unknown atm.

I see, thanks. Bit to pricey for me.

[TheNewAnon135246]

Haha that makes a lot more sense . Yeah I guess that would work!

[gravitate]

How would that work? You need to place the private key under the hologram, so generating those after they have been shipped doesn't make sense .

Yes, of course. The private keys would be given to the distributor when creating the coins, but the 1BTC itself won't be sent to an address before the coins have been shipped. So you would have the following sequence:

Trusted party generates keys -> gives private keys to distributor -> distributor makes coins -> distributor sends coins -> trust party sends 1BTC to a random address.

Yes, you would need to trust the person, that makes the coins, to throw away the private keys, but that's what we have been doing anyway.

EDIT: I've updated my previous post to be more clear.

Edit: The silver Super Delux coins are sold out (they cost $166). There is 1 slot available for the gold plated Super Delux coin but the price is unknown atm.

I see, thanks. Bit to pricey for me.

Interesting indeed.. its a bit of hastle but it would work

[wttbs]

How would that work? You need to place the private key under the hologram, so generating those after they have been shipped doesn't make sense .

Yes, of course. The private keys would be given to the distributor when creating the coins, but the 1BTC itself won't be sent to an address before the coins have been shipped. So you would have the following sequence:

Trusted party generates keys -> gives private keys to distributor -> distributor makes coins -> distributor sends coins -> trust party sends 1BTC to a random address.

Yes, you would need to trust the person, that makes the coins, to throw away the private keys, but that's what we have been doing anyway.

EDIT: I've updated my previous post to be more clear.

Edit: The silver Super Delux coins are sold out (they cost $166). There is 1 slot available for the gold plated Super Delux coin but the price is unknown atm.

I see, thanks. Bit to pricey for me.

Interesting indeed.. its a bit of hastle but it would work

there a bit of a problem with this... when will the coins be funded or the 1 BTC be send...? safest way to do it when all buyers received their coin, but if they do open it as soon as they have it and make the address public before the 1 BTC is send... the trusted party could send the BTC to a certain buyer.... this way it is not 100% transparant/fair.

also, two persons that have seen the privatekeys is less secure/safe.

[Mitchell]

there a bit of a problem with this... when will the coins be funded or the 1 BTC be send...? safest way to do it when all buyers received their coin, but if they do open it as soon as they have it and make the address public before the 1 BTC is send... the trusted party could send the BTC to a certain buyer.... this way it is not 100% transparant/fair.

The money would be send as soon as the distributor says so, which is indeed a risk. Track&Trace could be used to check the progress of a coin and once it hits a certain stage it should be funded?

also, two persons that have seen the private keys is less secure/safe.

True, but you already have to trust the distributor (gravitate) and a trusted third party should be just that. Trusted. I see the issue though.

[gregyoung14]

there a bit of a problem with this... when will the coins be funded or the 1 BTC be send...? safest way to do it when all buyers received their coin, but if they do open it as soon as they have it and make the address public before the 1 BTC is send... the trusted party could send the BTC to a certain buyer.... this way it is not 100% transparant/fair.

The money would be send as soon as the distributor says so, which is indeed a risk. Track&Trace could be used to check the progress of a coin and once it hits a certain stage it should be funded?

also, two persons that have seen the private keys is less secure/safe.

True, but you already have to trust the distributor (gravitate) and a trusted third party should be just that. Trusted. I see the issue though.

Trust - guess there is also a way to help validate things online. SecurID etc indeed will seem to work the trick.

[gravitate]

I am taking payment for week 4.
45 pounds via PayPal or bitcoin please.

[gravitate]

P's shipping will not happen until all payments have been received.

[Mitchell]

Still got a spot for round 4? If so, I'll take it and pay in Bitcoin.

[wttbs]

did everybody pay for round#3 ?

[wttbs]

did everybody pay for round#3 ?

They should have.
The red is to show that they will not peel their coin.
I'm pretty sure they were mailed already

Ok, thanks

[Operatr]

I just sent payment for round #4 @gravitate and sent you a PM, let me know if you need anything else from me.

Thanks again for letting me take part in this! Looking forward to it :-)