Bitcoin Forum
December 13, 2017, 04:18:23 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Physical Gold Bitcoin  (Read 1195 times)
K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 06:55:54 AM
 #1

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 
PS: Bitcointalk.org can itself be an initiator? It is in a sense "official" enough, famous, reputable. For design I have some ideas too.
1513138703
Hero Member
*
Offline Offline

Posts: 1513138703

View Profile Personal Message (Offline)

Ignore
1513138703
Reply with quote  #2

1513138703
Report to moderator
1513138703
Hero Member
*
Offline Offline

Posts: 1513138703

View Profile Personal Message (Offline)

Ignore
1513138703
Reply with quote  #2

1513138703
Report to moderator
1513138703
Hero Member
*
Offline Offline

Posts: 1513138703

View Profile Personal Message (Offline)

Ignore
1513138703
Reply with quote  #2

1513138703
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
pooya87
Legendary
*
Offline Offline

Activity: 1120


Buy bitcoin they said... who listened?


View Profile
May 30, 2017, 07:03:48 AM
 #2

what you are describing sounds more like the physical coins that already exist in many different forms. you can visit the collectibles board on bitcointalk to check them out.
the board: https://bitcointalk.org/index.php?board=217.0

and i don't think this can particularly make bitcoin more popular. but it is interesting to combine bitcoin with gold though.

K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 07:05:07 AM
 #3

what you are describing sounds more like the physical coins that already exist in many different forms. you can visit the collectibles board on bitcointalk to check them out.

A particular link? Yes there are. Thank you. Sorry my bad..
Xester
Hero Member
*****
Offline Offline

Activity: 672


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
May 30, 2017, 07:09:57 AM
 #4

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. This will be the fundamental moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 

You have a unique idea and actually if that will work out bitcoin will be popular. But in my own opinion we do not need that kind of system since we have already a bitcoin trading and we have a trading on gold. If in case this will be implemented it will take a long time to make users to adjust to a new kind of system. Thus in the end I will vote for no, since I think the community is not yet ready.

KennyR
Hero Member
*****
Offline Offline

Activity: 714


View Profile
May 30, 2017, 07:10:33 AM
 #5

That's seems to be something a better plan to make the gold enthusiasts show attention towards the bitcoin. In reality as one of the mate suggested it won't be working effectively as we expect. Already several such platforms were available with the altcoins. Recently One Gram concept is incorporated with a altcoin and now the crowdsale is going on.


            ▄▄████████▄▄
        ▄██████████████▄
    ▄█████████████████▄
  ██████████████████████
▐██████████████████████▌
████████████████████████
████████████████████████
████████████████████████
▐██████████████████████▌
  ██████████████████████
    ▀█████████████████▀
        ▀██████████████▀
            ▀▀████████▀▀
bitPlay 
        ████
    █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
    █  ████
        ████
      EARN UP TO 5.9% DAILY INVESTING IN eSPORTS   
    ▃▃▃▃ ▃▃▃▃▃▃    Choose a plan, make a deposit and enjoy the profit!     

████
████  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █
████
✔ DDOS Protection
✔ SHA-2/2048-BIT SSL Encryption
✔ Brilliant Solutions
✔ Fast Income
olushakes
Sr. Member
****
Offline Offline

Activity: 420



View Profile
May 30, 2017, 07:36:22 AM
 #6

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 
Exactly like others have rightly stated its something I have seen before even though I never believed it existed but in the collectible sections of the forum, you will likely find some of the things you think never existed. However, over there, you should be ready to accept escrow which is the sole of doing business and also be considered of the cost of shipping as well because the likely beneficiaries of the products will be spread across the world.

dwieyani
Full Member
***
Offline Offline

Activity: 210


Blocklancer - Freelance on the Blockchain


View Profile
May 30, 2017, 07:45:58 AM
 #7

This makes a great idea for those who love gold that shows attention to bitcoin. And in fact it all becomes in order not to work as selectively as expected.

K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 08:12:12 AM
 #8

This makes a great idea for those who love gold that shows attention to bitcoin. And in fact it all becomes in order not to work as selectively as expected.


Exactly. Thank you.
K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 08:43:32 AM
 #9

That's seems to be something a better plan to make the gold enthusiasts show attention towards the bitcoin. In reality as one of the mate suggested it won't be working effectively as we expect. Already several such platforms were available with the altcoins. Recently One Gram concept is incorporated with a altcoin and now the crowdsale is going on.

Right. But I am thinking about having one "official" (whatever that mean, should mean, could mean) coin issued on a particular day and for a particular price, and in a sense creating enthusiasm for the offer... Will be great.
amacl1n
Jr. Member
*
Offline Offline

Activity: 46


View Profile
May 30, 2017, 09:23:53 AM
 #10

That's a good idea but it was implemented from years, and it has all minerals, and all altcoins. even with specially-minted variety repressing coins characters, I won't be exaggerating if I say there are 50 merchants or so doing that (BTW Casicius which was the first faced some legal issues, so it might be a tricky subject too" it's a great idea since you didn't know it was implemented and I didn't read the replies so hopefully some wasn't acting as a rude know-it-all,

Regards.

Zedicor
Newbie
*
Offline Offline

Activity: 9


View Profile
May 30, 2017, 09:29:01 AM
 #11

i like the idea having btc in a piece of gold would be great, how to hide the private key though?
K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 09:39:49 AM
 #12

i like the idea having btc in a piece of gold would be great, how to hide the private key though?

There should be two versions:

1. One engraved on back of physical coin. This I like because, traditionally if you have the coin you have the value. Right? Also it acts as a hard backup of your key.

2. A gold coin + paper wallet. You take care of your wallet the same way you take care of your wallet now.
CARrency
Sr. Member
****
Offline Offline

Activity: 350



View Profile
May 30, 2017, 09:41:01 AM
 #13

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 

I don't like these idea, I know bitcoin for a while now, it may not even a year, but I love bitcoin because it is a digital currency, even I have a lot of bitcoins, just a few people will know that I am rich. And, I don't want a physical coin, I think it is good as long as it is for design, a memory as a bitcoin user. I may engrave it on my grave.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
aeclubwoi
Newbie
*
Offline Offline

Activity: 2


View Profile
May 30, 2017, 09:44:07 AM
 #14

i like the idea having btc in a piece of gold would be great, how to hide the private key though?

Yes it is much better.

จีคลับมือถือ
BurstIncomeAsset
Hero Member
*****
Offline Offline

Activity: 504



View Profile
May 30, 2017, 09:44:38 AM
 #15

You are not the only one to have such idea

https://bitcointalk.org/index.php?board=217.0

         ▄█▄  ▄▄▄▄
          ▀ ▄██████▄
    ▄▄▄   ▄███▀▀███
  ▄█████▄ ▀█▀ ███▄ ▀▀
 ███▀  ▀██▄    ████▄   
 █▀ ▄██▄ ▀█▀ ▄██▀ ▀█▀ ▄██
  ▄██▀     ▄██▀     ▄██▀
 ██▀ ▄█▄ ▄██▀ ▄█▄  ██▀ ▄▄
      ▀███▀    ▀██▄  ▄██▀
     ▄▄ ▀██▄ ▄█▄ ▀█████▀
     ███▄▄██▀   ▀▀
      ▀██████▀
        ▀▀▀▀   ██▀

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █


▄███▄    ▄███▄
███  ██▄ █▀▀▄
████████  ███▀
██▀ ▄███       
████████▄▄  ▄█▀
 ██████▀▀██▀▀
  ▀███▀▄▄   ▄
   ▀██▄██ ▄█▀
     ▀▀██▀▀
FULLY
ANONYMOUS

━━━━━
/

    ██▄▄              ▄▄██
   █▀  ▀█▄ ▄▄▄▄████▄██▀  ▀█
  █▀   ▄███▀▀▀       █▄   ▀█
 █▀   ▄███▄ ▄▄█▄▄     █▄   ▀█
██▄  ▄████████████▄▄  █▄  ▄██
  ▀▀██▀███████████████▄███▀▀
      ▀█▄█▀███████████▀▀
        ▀███▀███████▀
           ▀▀▀▀██▀▀
INSTANT
TRANSFER

━━━━
/

     ▄████▄
 ▄▄▄████████▄▄▄
▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
 ██ ▀ █ ▀▄█ ███
▄██▄█▄█▄███▄███▄
▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █
PARTNER PROGRAM
TOR MIRROR
MIX WALLET
.FAQ
ANN THREAD
TELEGRAM
Fraxinus
Legendary
*
Offline Offline

Activity: 1274



View Profile
May 30, 2017, 09:46:55 AM
 #16

It is an awesome concept as this will get the people who are interested in gold to look up BTC too-as long as it is covered in the media or there are articles online about it-it definitely has potential as people who are into gold will see that BTC can hold true value
I support this and will be on the lookout to see how things will develop and I hope someone takes this concept and actually makes it reality

btvGainer
Legendary
*
Offline Offline

Activity: 840



View Profile WWW
May 30, 2017, 09:47:48 AM
 #17

A lot of people try to compare bitcoin with gold and they like to believe that btc association with gold or any other precious metal will bring more popularity to bitcoin which is not true.I believe btc and gold both have values but they are two different things.
Why choose gold to engrave 1 btc wallet priv key on it and why not platinum?

YuginKadoya
Legendary
*
Offline Offline

Activity: 840



View Profile
May 30, 2017, 10:15:41 AM
 #18

This is a great opportunity even if bitcoin and gold are two different things it can surely make many Gold enthusiast be interested in bitcoin and I think it will cause a great partnership of the two, and many would surely want to buy and exchange for it, and I would really want to trade in both gold and bitcoin someday, and right now it is still unsure if when will the price would really go up for now patiently waiting is a must.


▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
███████░░░░░░░░░░░░░░░░░░███████
███████████████░░███████████████
███████████████░░███████████████
███████████████░░███████████████
███████░░░░░░░░░░░░░░░░░░███████
███████████████░░███████████████
█████████▀░░███░░███░░▀█████████
████████▀░░████░░████░░▀████████
███████▀░░███▀░░░░▀███░░▀███████
███████░░███▌░▄██▄░▐███░░███████
███████░▐███▌░▀██▀░▐███▌░███████
███████░░▀███▄░░░░▄███▀░░███████
████████░░▀██████████▀░░████████
█████████░░░▀▀▀▀▀▀▀▀░░░█████████
██████████▄░░░░░░░░░░▄██████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   DISRUPTING TRANSPORT  &  LOGISTICS ON THE  BLOCKCHAIN   
        PRESALE OPEN NOW, PUBLIC SALE COMING IN JANUARY       
   FACEBOOK          TWITTER          TELEGRAM          INSTAGRAM          MEDIUM          LINKEDIN   

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
███████░░░░░░░░░░░░░░░░░░███████
███████████████░░███████████████
███████████████░░███████████████
███████████████░░███████████████
███████░░░░░░░░░░░░░░░░░░███████
███████████████░░███████████████
█████████▀░░███░░███░░▀█████████
████████▀░░████░░████░░▀████████
███████▀░░███▀░░░░▀███░░▀███████
███████░░███▌░▄██▄░▐███░░███████
███████░▐███▌░▀██▀░▐███▌░███████
███████░░▀███▄░░░░▄███▀░░███████
████████░░▀██████████▀░░████████
█████████░░░▀▀▀▀▀▀▀▀░░░█████████
██████████▄░░░░░░░░░░▄██████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
paul gatt
Hero Member
*****
Offline Offline

Activity: 630


View Profile
May 30, 2017, 10:22:01 AM
 #19

A lot of people try to compare bitcoin with gold and they like to believe that btc association with gold or any other precious metal will bring more popularity to bitcoin which is not true.I believe btc and gold both have values but they are two different things.
Why choose gold to engrave 1 btc wallet priv key on it and why not platinum?

People always compare gold and bitcoin, it is not a coincidence, gold represents the most noble product of the material world, meanwhile, bitcoin represents the technology product.

||              ▄▄█████████
    ▄█▄   ▄▄███████████▀
   ▀████▄████████▀▀▀▀▀
     ▀███████▀    ▄▄▄▄▄
 ▄█▄  █████▀   ▄███████▀
▀████████▀   ▄███████▀
  ▀██████  ▄███▀▀
    ████▀ ▄███▀                    ▄█
    ████  ███▀               ▄█  ▄███
    ████  ███               ███  ████
    ████  ███▄             ▄███  ████
    ████  ▀███▄           ▄███  ▄█████▄
    █████  ▀███▄         ▄███   ████████▄
     ████▄   ▀███▄▄▄▄▄▄▄███▀   █████ ▀█▀
      █████▄   ▀█████████▀   ▄█████▄
       ▀█████▄    ▀▀▀▀▀    ▄█████████
         ▀██████▄▄▄▄▄▄▄▄▄██████▀ ▀█▀
           ▀█████████████████▀
              ▀▀█████████▀▀
.COPICO.||
K3surfacer
Newbie
*
Offline Offline

Activity: 28

You like or use my ideas? Send me some BTC.


View Profile
May 30, 2017, 10:22:44 AM
 #20

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 

I don't like these idea, I know bitcoin for a while now, it may not even a year, but I love bitcoin because it is a digital currency, even I have a lot of bitcoins, just a few people will know that I am rich. And, I don't want a physical coin, I think it is good as long as it is for design, a memory as a bitcoin user. I may engrave it on my grave.
Well, you can have your coins as you wish. This will not be a must. Some will have two in one investment: gold and btc. One of them should give the profit. And it will be just nice looking ....
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!