[LTC] [ANN] Physical Litecoins by CryptoVest (Project on hold)

[Scooby903]

So when can I give you my money!?!?!

 

[shibaji]

Don't forget to put in an error in printing the first version, so that it becomes collectible.  

[CoinHoarder]

Crosspost from Litecoin forums..

After much thought, despite there being a few people that don't like the designs, I am going to continue into production using either Likehero's or Zinodaur's design (I have not decided yet which one). No matter what design I end up using, there will always be people that don't like it. Everyone has different views and opinions about what looks good and what doesn't, or what a physical Litecoin should look like.

The responses to this thread and others I have made were somewhat disappointing (in a sense of how many people actually responded with their opinion.) I can't make people give me their opinion, they have to submit it willingly. The fact is that I and others have expressed that they like Zinodaurs/Likeheros designs, and the people that have stated they don't like any of the designs are somewhat of a small minority in comparison to those that do like them. If this assumption is wrong, then I do not feel like it is my fault. More people should have spoken up and expressed their opinions about the designs.

I have already cut into the coin production budget quite a bit by getting these designs made (I was originally going to use my own very simple design,) and for website design/development. As is, I will not be able to make the quantity or variety that I was originally planning on making. Any more funds spent on designing the coins could potentially cause them never to be made, or me abandoning the project because it is too expensive. Just because a few people don't like any of the designs, I am not going to let that hold the project back.

For those of you that don't like the designs, as long as the first batch is a success, I am planning on making different designs and coins in the future. Hopefully these will be ones you like, but I'm afraid you will have to wait for this to come to fruition, as I am going to use one of the designs I've already had made.

Thank you all for your opinions and interest, and I'm sorry I can't accommodate all of your druthers when it comes to the coin design. I don't like how you jumped to the conclusion that if I use these designs then that means I am just doing this for the money and profit, it is simply not true. Nor am I ignoring the clientele or customer base, but honestly the negative feedback has been small compared to the positive feedback. I want to see Litecoin developed and adopted to its fullest possibilities, and this is just a small step in reaching that goal. I think if each person in the community were to do a project for Litecoin as I am, there will be nothing standing in the way of the "end game" goal that I think most of us share for Litecoin.

Cheers,

Ch

[CoinHoarder]

So, you want to create a physical currency, to represent a digital currency?

Correct 

[CoinHoarder]

So when can I give you my money!?!?!

 

I may do preorders, but I am not certain yet. My original intent was to fund the project myself, however there have been unexpected expenses that I did not account for so this may not be possible. I will let everyone know soon.

[CoinHoarder]

Don't forget to put in an error in printing the first version, so that it becomes collectible.  

I hope they become collectible regardless, however I cannot promise to mimick the error in the original casascius coins. First of all, I am a bit of a perfectionist. Secondly, I feel like its time for Litecoin to part from the image of being Bitcoin's little brother. Inherently this stigma will stick with Litecoin for a long time, but it is time we start looking into the future.  

I do think that would be funny though.  

[peonminer]

I can haz silver rounds upon release?

[odolvlobo]

Don't forget to put in an error in printing the first version, so that it becomes collectible.  

I hope they become collectible regardless, however I cannot promise to mimick the error in the original casascius coins. First of all, I am a bit of a perfectionist. Secondly, I feel like its time for Litecoin to part from the image of being Bitcoin's little brother. Inherently this stigma will stick with Litecoin for a long time, but it is time we start looking into the future.  

I do think that would be funny though.  

The Series 1 Casascius coins are not valuable because there is an error (technically, it is not an error because it is on every coin of the series). They are valuable because they are different and rare. People mention the error only because it is the easy way to distinguish them from the other coins.

If you want to make the coins more collectible, you can change the design every so often (every year, for example). You don't have to misspell something. That's a dumb idea.

[CoinHoarder]

If you want to make the coins more collectible, you can change the design every so often (every year, for example). You don't have to fake an error. That's a dumb idea.

This is what I am planning on if this is a success. I will only make a certain amount of coins in the first batch, and this design will never be minted again. 

I can haz silver rounds upon release?

People really like their silver, many people have asked me this. 

Perhaps I will do preorders for silver coins, as they are a little bit out of my budget to make them on my own dime.

[shibaji]

You don't have to misspell something. That's a dumb idea.

Missing happiness in life ? Can't understand a joke ? 

[Tobius]

Please, take my money XD

These are really cool, looking forward to release!

[Otoh]

I expect that you've seen Casascius's aluminum coins thread & on his site



Aluminum "Strength in Numbers" Promo Coin (bag of about 500)
1.25 inches in diameter, blank back, does not include any bitcoins.
Print your own sticker for the back and use it as a business card, or print your own private key sticker and put bitcoins on it.
Price 1.5 btc which is 0.003 btc = 39 cents each approx atm.

Also see this post for more details, like silver, gold, other colours & finishes.

These being primarily light in weight & cheap to have manufactured I believe this would be an excellent & very fitting way to help promote Litecoin, they are most like the New Orleans Mardi Gras carnival coins & perhaps one of the krewes would be interested in incorporating this idea with having say the bulk of coins tossed to the crowd as just regular promotional ones, but maybe 100 or so having 0.1 ltc private keys inside, 10 with 1 ltc & 1 with 10 ltc or 100 ltc - however much they overall wished to give out, these coins become collectables too.

If no krewes were interested this would still be a great occasion to give out a bunch for promotional purposes & the following year there may well be more interest in virtual currency funded carnival float coins because of this.

http://en.wikipedia.org/wiki/New_Orleans_Mardi_Gras

Examples of Mardi Gras coins & their designs.

[dnaleor]

I would really like a 1 oz Silver Litecoin, preferably with just 1 LTC  
Because, some day 1 LTC will equal the silver content, that will be awesome!  

But if it's 10 LTC denomination I will also be a buyer. And then I'll buy an additional 1LTC coin, fo' s&g (Already have a 1BTC coin)

[peonminer]

So when can I give you my money!?!?!

 

I may do preorders, but I am not certain yet. My original intent was to fund the project myself, however there have been unexpected expenses that I did not account for so this may not be possible. I will let everyone know soon.

http://www.kickstarter.com/

[CoinHoarder]

A website to facilitate orders is being built as I type this post.  

I think I am most likely going to use Zinodaur's design, and am expecting to begin production sometime next week.

Sorry for the delays. It has taken me longer to get everything organized than I thought it would.

Thanks for your interest.  

[chriswilmer]

Count me as excited to see this happen! I'd love to buy 50-100 physical litecoins! (whatever the design ends up being... )

[Luckybit]

Don't forget to put in an error in printing the first version, so that it becomes collectible.  

I hope they become collectible regardless, however I cannot promise to mimick the error in the original casascius coins. First of all, I am a bit of a perfectionist. Secondly, I feel like its time for Litecoin to part from the image of being Bitcoin's little brother. Inherently this stigma will stick with Litecoin for a long time, but it is time we start looking into the future.  

I do think that would be funny though.  

If done right these collectible Litecoins can end up being more valuable than the non-physical Bitcoins. I could see these collectible coins selling on auction sites in 5 years going for x5 the price of buying Litecoins merely because it's the first physical Litecoins and if done right it's pure silver as well? Success. Zinodaurs models are great, I hope you're going with that.

Just offer a method to pre-order, we are waiting.

[Luckybit]

wothless unless its  a silvercoin:)  lead.zink steel what ever  you make it wont be of any value:)
counterfiting wil  be greater than if one  forks up silver

Eventually it will be silver or even platinum but for now it has to be whatever he can afford.

[peonminer]

Count me in for a platinum order too!!!

[SylTi]

People really like their silver, many people have asked me this. 

Perhaps I will do preorders for silver coins, as they are a little bit out of my budget to make them on my own dime.

Maybe you should try to get in touch with Max Keiser he is a bitcoin/silver/gold bug and has is own silver bullion brand.
He might be interested in participating in this kind of project.
http://rt.com/shows/keiser-report/
http://www.brotherjohnf.com/forum/Thread-Keiser-Ethical-Silver-rounds