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Author Topic: Physical BTC coins and Bitcoin Cash  (Read 1097 times)
The real WTF
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August 07, 2017, 09:19:58 PM
 #1

So, for those of us who still have some vintage Casascius/Lealana/other physical bitcoins, I assume that if ever broken open to redeem the wallets, we can redeem the same coin both on the standard Bitcoin blockchain, as well as the Bitcoin Cash blockchain?  Is there any reason it would be any more complicated than that?
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August 07, 2017, 10:09:26 PM
 #2

So, for those of us who still have some vintage Casascius/Lealana/other physical bitcoins, I assume that if ever broken open to redeem the wallets, we can redeem the same coin both on the standard Bitcoin blockchain, as well as the Bitcoin Cash blockchain?  Is there any reason it would be any more complicated than that?

Yes. All physical coins that were loaded with bitcoins prior to the 08/01/2017
Bcash creation, would contain both the bitcoin amount and the bcash amount.
This applies to all addresses that "contained" bitcoins during the Bcash fork.

There should be no complication with moving the two separate tokens from your
physical coins. But I would advise you not to separate the bcash only from your
physical coins, since the value of the phys coins in theory, should be worth more
over time, since you did not break the bcash out, even if bcash fails later.

In a future where bcash is no longer viable or has worthy value, the physical
coins that still retains the bcash fork tokens, are more valuable than the physical
coins that only retained the btc, and moved the bch. Physical coins are historical
collectors items and should not be compared to average addresses.

If you are planning to move (spend) the bitcoins in your physical coins, then yes,
you can also move the bcash then too. But I would not separate the bcash and
leave the btc intact, since that will diminish the physical coin's perceived value.


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August 07, 2017, 10:18:35 PM
 #3

As long as you have access to the private keys, then it should work. The same applies to paper wallets as well.
The real WTF
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August 07, 2017, 10:46:07 PM
 #4

So, for those of us who still have some vintage Casascius/Lealana/other physical bitcoins, I assume that if ever broken open to redeem the wallets, we can redeem the same coin both on the standard Bitcoin blockchain, as well as the Bitcoin Cash blockchain?  Is there any reason it would be any more complicated than that?

Yes. All physical coins that were loaded with bitcoins prior to the 08/01/2017
Bcash creation, would contain both the bitcoin amount and the bcash amount.
This applies to all addresses that "contained" bitcoins during the Bcash fork.

There should be no complication with moving the two separate tokens from your
physical coins. But I would advise you not to separate the bcash only from your
physical coins, since the value of the phys coins in theory, should be worth more
over time, since you did not break the bcash out, even if bcash fails later.

In a future where bcash is no longer viable or has worthy value, the physical
coins that still retains the bcash fork tokens, are more valuable than the physical
coins that only retained the btc, and moved the bch. Physical coins are historical
collectors items and should not be compared to average addresses.

If you are planning to move (spend) the bitcoins in your physical coins, then yes,
you can also move the bcash then too. But I would not separate the bcash and
leave the btc intact, since that will diminish the physical coin's perceived value.



I'm not planning to open any of them up any time soon, but yes if that day ever comes, I'll redeem both BTC and Bcash at the same time (assuming bcash is still valuable at that time).  Since the holograms would be void anyway, it wouldn't make sense to leave one wallet funded but not the other.  Nobody would trust the wallet after that.
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August 07, 2017, 11:25:37 PM
 #5

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink


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vizique
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August 08, 2017, 01:16:18 AM
 #6

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink

And think about all those that haven't been kept....
I wonder if the redeemed 500 Cas Bar for example and all those 25BTC's coins peeled.

I'm gonna guess that these will account for a number of "lost coins" from the pool.

Arguably, BCC/BCH could be rarer than BTC because of this.

Viz

Visit www.physibit.com for lots of cool Bitcoin stuff. From Coins to Pins, Notes to Socks and a really cool collection of Art.
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August 08, 2017, 10:51:08 AM
 #7

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink

There needs to have been a balance at the time of the fork, as both chains have the same transaction record up until that point. 

digicoinuser
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August 08, 2017, 03:37:18 PM
 #8

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink

There needs to have been a balance at the time of the fork, as both chains have the same transaction record up until that point. 

That's the catch, I knew I was missing something.  Wink


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hybridsole
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August 08, 2017, 05:20:22 PM
 #9

So as long as BCH is hanging around the current price, that should mean every coin loaded with 1 BTC should be worth 0.1 more than the normal going rate.  It will be interesting to see if that holds up on future sales. 
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August 08, 2017, 05:44:16 PM
 #10

So as long as BCH is hanging around the current price, that should mean every coin loaded with 1 BTC should be worth 0.1 more than the normal going rate.  It will be interesting to see if that holds up on future sales.  

If I was going to sell a Casascius 1.0 btc brass MS67 right now I would ask for 1.4 btc (recent value) plus 1.0 bch.  Thoughts on that method?

To err is human, to moo is bovine...
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August 08, 2017, 06:58:59 PM
 #11

So as long as BCH is hanging around the current price, that should mean every coin loaded with 1 BTC should be worth 0.1 more than the normal going rate.  It will be interesting to see if that holds up on future sales.  

If I was going to sell a Casascius 1.0 btc brass MS67 right now I would ask for 1.4 btc (recent value) plus 1.0 bch.  Thoughts on that method?
I say that's not bad.

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August 08, 2017, 07:16:05 PM
 #12

So as long as BCH is hanging around the current price, that should mean every coin loaded with 1 BTC should be worth 0.1 more than the normal going rate.  It will be interesting to see if that holds up on future sales.  

If I was going to sell a Casascius 1.0 btc brass MS67 right now I would ask for 1.4 btc (recent value) plus 1.0 bch.  Thoughts on that method?
I say that's not bad.

Sold!

To err is human, to moo is bovine...
The real WTF
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August 08, 2017, 10:00:50 PM
 #13

So as long as BCH is hanging around the current price, that should mean every coin loaded with 1 BTC should be worth 0.1 more than the normal going rate.  It will be interesting to see if that holds up on future sales. 

Excellent point!  As long as Bcash remains valuable, all physical BTC coins essentially have bonus money in them.
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November 11, 2017, 09:18:05 PM
 #14

Someone will confirm successful claim Bitcoin cash and other currency from physical coins: Casascius (mini private key format), Lealana, BTCC of course with details.

You are looking for crypto physical items or coins list, www.cryptophysical.com
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November 11, 2017, 10:55:47 PM
 #15

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink

And think about all those that haven't been kept....
I wonder if the redeemed 500 Cas Bar for example and all those 25BTC's coins peeled.

I'm gonna guess that these will account for a number of "lost coins" from the pool.

Arguably, BCC/BCH could be rarer than BTC because of this.

Viz

That's an interesting point I had not thought of.  However, in the case of a redeemed 500 cas for example, if the holder peeled the holo and added the coins to a wallet, then in theory the coins either still exist in that wallet, or were transferred/sold to someone else.  So they are not "lost" per se'.  They are just in another place.
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November 17, 2017, 05:44:03 AM
 #16

This is a pretty cool way to redeem some BCC if you saved your private keys from previous redemptions / wallet addresses.  Wink

And think about all those that haven't been kept....
I wonder if the redeemed 500 Cas Bar for example and all those 25BTC's coins peeled.

I'm gonna guess that these will account for a number of "lost coins" from the pool.

Arguably, BCC/BCH could be rarer than BTC because of this.

Viz

Not really, if they redeemed before August 1st and they spent the coins, whoever received those coins will be able to redeem BCH right?
It's not like redeemed BTC disappear from the network.

Don't forget Byteball too.
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November 17, 2017, 10:36:44 AM
 #17

I just found this thread after posting this question in another a second ago.  I can't keep up with all this fork stuff in my day to day so I ask this with ignorance..will Cas coins have 4 coins here soon?

Also I've seen mention of BCC...are you guys talking about Bitconnect?

“Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world”.
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November 17, 2017, 01:31:50 PM
 #18

I just found this thread after posting this question in another a second ago.  I can't keep up with all this fork stuff in my day to day so I ask this with ignorance..will Cas coins have 4 coins here soon?

Also I've seen mention of BCC...are you guys talking about Bitconnect?

No, some label Bitcoin Cash as BCC instead of BCH

and stay away from BitConnect... Ponzi SKAM  to the max..... you have been warned.

If it's not a SKAM, it's not crypto!!
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November 17, 2017, 02:42:27 PM
 #19

I just found this thread after posting this question in another a second ago.  I can't keep up with all this fork stuff in my day to day so I ask this with ignorance..will Cas coins have 4 coins here soon?

Also I've seen mention of BCC...are you guys talking about Bitconnect?

No, some label Bitcoin Cash as BCC instead of BCH

and stay away from BitConnect... Ponzi SKAM  to the max..... you have been warned.

I was going to tell you all the same and thought no way you guys would fall for that Ponzi bs!  They are almost too easy to pick apart. They had over a billion in market-cap space at one point. Sad and sucks and will be a black eye for BTC soon enough. Hopefully a small one though.

“Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world”.
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