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Author Topic: AUCTION - 8 rolls of new 0.5BTC Casascius Coins  (Read 11680 times)
casascius (OP)
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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April 07, 2013, 03:42:10 AM
 #1

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

April 6, 2013: Auction for 8 rolls of fifty 0.5 BTC Casascius Coins.

See my blog, http://casascius.wordpress.com

Am having problems with BitMit, thought I would try an auction here.

Minimum bid: face value (50 * 0.5BTC = 25 BTC per roll).  Please bid in 0.1 BTC increments.
Shipping cost is a flat $35 for US Registered Mail, $50 for international Registered Mail, regardless
of the number of rolls won.

Unless otherwise specified, you are bidding for ONE of the eight rolls.  You can bid in any of the following
ways:

1. "I bid 26 BTC for any available roll".  If your bid wins, you'll win one roll.  You will not get to choose
which roll you get.

2. "I bid 26 BTC for rolls 1, 2, 3, or 4."  If your bid wins and any of your chosen those four rolls is
available, you will win one of them.  You will not get to choose which roll you get.  If none of those
four rolls is available at the point your bid is processed, it will be skipped.

3. "I bid 26 BTC for roll 1."  You will either win roll 1 for 26 BTC, or you won't.

Roll #1: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 121
Roll #2: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 121
Roll #3: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 122
Roll #4: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 122
Roll #5: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 123
Roll #6: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 123
Roll #7: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 124
Roll #8: Fifty 0.5 BTC Casascius Coins made April 6, 2013, with address prefix 124

Auction ends April 10, 2013, 23:59 UTC.

After auction end, bids will be evaluated from highest to lowest.

I reserve the right to cancel the auction if necessary for reasonable cause.  If I do so, all bids are
cancelled.  I'm reserving this right simply because this is the first time I've done an auction like this,
and want an escape hatch just in case I've missed something critical, like leaving a way for more than
one person to be deemed the winner of the same roll of coins or something.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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casascius (OP)
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April 07, 2013, 04:01:15 AM
 #2

If this auction works successfully, then I will also start auctioning the remainder of my initial batch, as well as specific slots for future production.

For example, I might auction a roll in the future: Roll #X: Fifty 0.5 BTC Casascius Coins, with address prefix 125, to be shipped as soon as they are assembled.

The purpose for doing this will be to ensure that there's a decent amount of supply available for bidding.  Ideally, they'll be shipped out the same day they are made.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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April 07, 2013, 04:12:09 AM
 #3

ok!

I bid 26 BTC for any one roll. 

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April 07, 2013, 04:13:38 AM
 #4

i'd start at 26 each for all 8

double check your signature? here's what i'm getting. typically it seems to be the forum newlines that cause this

Verification FAILED.
Bad signature by Mike Caldwell <mcaldwell@swipeclock.com>

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April 07, 2013, 04:16:26 AM
 #5

27 for roll 5 or 6
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April 07, 2013, 04:17:37 AM
 #6

27 for roll 5 or 6

I only want one roll though
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April 07, 2013, 04:20:17 AM
 #7

I bid 26 BTC for any one roll.

19F6veduCZcudwXuWoVosjmzziQz4EhBPS
casascius (OP)
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April 07, 2013, 04:35:03 AM
 #8

Making one minor change:  Any bid that comes 15 minutes or less after a previous valid bid shall be considered valid.  This will extend the auction so long as there is bidding.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
casascius (OP)
Mike Caldwell
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April 07, 2013, 04:37:29 AM
 #9

Pastebin for signature verification: http://pastebin.com/Xhja4RNS

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
casascius (OP)
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April 07, 2013, 04:46:35 AM
 #10

Just for clarity:

i'd start at 26 each for all 8

I will interpret "each" (as the author likely intended) to mean a separate 26 BTC bid for all 8 rolls.

I bid 26 BTC for any one roll.

Additional bids must be at least the minimum increment of 0.1 BTC above the prior competing bid to be valid.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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April 07, 2013, 05:06:56 AM
 #11

Bid of 26.5 BTC per roll for all 8 rolls.

212 BTC total bid.

I was invited to this auction via email.

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April 07, 2013, 05:20:37 AM
 #12

Bid of 26.5 BTC per roll for all 8 rolls.

212 BTC total bid.

I was invited to this auction via email.



My bid does not take into consideration that 1 or 2 rolls (5 and 6) were bid up to 27 BTC already.

Therefore, I'd like to revise my bid to 27.5 BTC per roll, for all 8 rolls.

My apologies for the confusion.

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April 07, 2013, 06:02:41 AM
 #13

27.6 for 1 roll (as long as the BTC price stays under $200)

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April 07, 2013, 08:46:48 AM
 #14

27.8 for 5 or 6
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April 07, 2013, 08:55:22 AM
 #15

I bid 27.8 for any one roll.

more or less retired.
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April 07, 2013, 09:06:20 AM
 #16

I'll bid 55 for any two rolls.

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April 07, 2013, 09:06:45 AM
 #17

casascius could you track the bids for each roll somehow in OP. It's hard to get an overview.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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April 07, 2013, 09:10:26 AM
 #18

I'll bid 56 for any two rolls out of 1 2 3 4 5 8

I'll bid 27.6 for Roll 6
I'll bid 27.6 for Roll 7
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April 07, 2013, 09:12:54 AM
 #19

fgnfhfhfaa should had my morning coffee first.

I'll bid 56 for any two rolls out of 1 2 3 4 7 8

I'll bid 28.5 for Roll 5
I'll bid 28.5 for Roll 6
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April 07, 2013, 09:18:09 AM
 #20

28 btc for any one roll.
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