► ❎ ► LEALANA PHYSICAL LITECOINS FOR SALE - RESUMING SALES!!!

[PCFiL]

those coins looks pretty !
 

[1714754898]

1714754898

[1714754898]

1714754898

[Nightowlace]

Please check the link in my signature. I have 25LTC 1 oz silver Lealana and 10LTC 1/2oz silver Lealana all series one in leather display cases for sale.
The tens come in a set of two for the display case. If purchasing one they will not come in a display saw.
All coins come with COA (certificate of authenticity)

Let me know of anyone is interested.

[braeking]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

[smoothie]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

[Liquid]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

[Tomatocage]

Anybody selling the first-run error coins? Either individual or the box set.

[jasinlee]

How much do the 1st run errors go for now days anyway? Are the prices on ebay right @ $2k per coin?

[smoothie]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

Decided to proceed with caution.

I suspect I may continue sales one day but until I can figure out a method that I am comfortable with and does not constitute as "Money Transmitting" I will not.

[Eb0la]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

Decided to proceed with caution.

I suspect I may continue sales one day but until I can figure out a method that I am comfortable with and does not constitute as "Money Transmitting" I will not.

does this still apply now that they have said Bitcoin is handled more like property?

[smoothie]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

Decided to proceed with caution.

I suspect I may continue sales one day but until I can figure out a method that I am comfortable with and does not constitute as "Money Transmitting" I will not.

does this still apply now that they have said Bitcoin is handled more like property?

As far as I am aware my funding customer coins is still "money transmitting" although Bitcoin was declared to be property by the IRS.

[HowGudAmI]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

Decided to proceed with caution.

I suspect I may continue sales one day but until I can figure out a method that I am comfortable with and does not constitute as "Money Transmitting" I will not.

does this still apply now that they have said Bitcoin is handled more like property?

As far as I am aware my funding customer coins is still "money transmitting" although Bitcoin was declared to be property by the IRS.

Would it still be "money transmitting" if you sold unfunded coins but made the customer send the amount to be funded to a trusted third party in advance who loads the coin after a reasonable period of time.

[smoothie]

Or are you perhaps waiting for the price to stabilise before any kind of price adjustment?

I hope you haven't overlooked my post due to our disagreements in the custom hardware section ages ago.  BFL lost most of their support, and I no longer defend or argue for them.

I have halted ALL coin sales as of late February 2014, in case you missed it.

what happened bro ?

Decided to proceed with caution.

I suspect I may continue sales one day but until I can figure out a method that I am comfortable with and does not constitute as "Money Transmitting" I will not.

does this still apply now that they have said Bitcoin is handled more like property?

As far as I am aware my funding customer coins is still "money transmitting" although Bitcoin was declared to be property by the IRS.

Would it still be "money transmitting" if you sold unfunded coins but made the customer send the amount to be funded to a trusted third party in advance who loads the coin after a reasonable period of time.

I am tinkering with the idea of selling the coins I still have with the appropriate and genuine holograms marked with laser etching on the hologram "SELF FUNDED" as well as changing the vanity addresses to normally generated BTC addresses for the window on the hologram. Certificates would not be given here. Although I still have leatherettes and capsules for the coins itself.

Bitcoin sets could likely still be made as I still have the resources and supplies to do so should I go this route.

The idea would be that customers would purchase the coins and would fund them themselves and I would not have taken any part in any "money transmitting". Basically I would be selling the equivalent of metal circle gift "cards" with a hologram covering the password to said funds to be loaded at some later date by the user.

The agreement to this would be that users would understand the risks of allowing myself to have access to the only copy of the private key. This would be the same terms and conditions only that I would not be funding the coins as I have in the past with user funds paid prior to shipment.

I may consider an option (no promises) to sell coins with no holograms at all on them nor private keys.

Of course before I move forward I will seek legal counsel on this matter to make sure I have all bases covered from a risk-standpoint.

There appears to still be quite a lot of demand for these coins and so far I've had to deter all interested parties and ending with the sentence "hopefully I resume sales soon."

 

I'll update as things progress here and in my other threads as well as the website.

Edit: To be clear the coins I am referring to are all marked "2013" and if things work out I may end up having manufactured "2014" coins and holograms etc. We will see. 

[smoothie]

LEALANA COIN SALES HAVE RESUMED!

GET YOUR COINS AT LEALANA.COM. <------------------




LINK: https://bitcointalk.org/index.php?topic=610924.0

[Tomatocage]

Oh snap, son! Do you have any of the first run error 10 LTC coins left?

[worldtreasurefinders]

I'm happy that you're selling again, but at the same time I'm glad I bought mine before they all became self-funded.  Good luck with your future sales!

[smoothie]

I'm happy that you're selling again, but at the same time I'm glad I bought mine before they all became self-funded.  Good luck with your future sales!

Thanks for that! Aloha! 

[casascius]

This is one idea I have thought of if I were to resume sales:

Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.

When they pay, ship only to the same name and address, also restricted delivery.

A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.

Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.

Not legal advice, am not a lawyer

[smoothie]

This is one idea I have thought of if I were to resume sales:

Instead of saying please pay such and such Bitcoin address on the web form, send the Bitcoin address via postal mail with restricted delivery to the individual name on the order. They have to show id to pick up the letter.

When they pay, ship only to the same name and address, also restricted delivery.

A lot of the discussion I had with my legal counsel is that part of what makes it money transmitting is there is no way for me to know whether the person ordering is the person receiving. In other words it is money transmitting because each order "could" be a money transmission with no way to know. Restricted delivery changes that aspect of the story.

Afaik it is not money transmitting if the money can only go from person A at place X, to person A at same place X. As I understood the definition the service must move the money to a different person or place and this makes it all but impossible.

Not legal advice, am not a lawyer

Much of my previous orders used registered restricted delivery. This is something I am going to be using for shipping purposes.

Essentially I am now selling metal coins with holograms on them that buyers fund themselves. Much like selling empty gift cards, if an analogy were to be used.

I see what you are saying concerning matching up a person to an address.

Edit: It isn't impossible because what is to stop the person being checked for their ID from sending the payment address they received via registered mail to another person to pay for them? This doesn't solve the issue entirely as it is just another iteration of registered mail that is unnecessary. Or am I missing something here?

[smoothie]

I posted an auction here: https://bitcointalk.org/index.php?topic=616505.msg6822180#msg6822180

for the first assembled 0.1 BTC brass coins. They have the lowest numbered holograms on them. 

[casascius]

Edit: It isn't impossible because what is to stop the person being checked for their ID from sending the payment address they received via registered mail to another person to pay for them? This doesn't solve the issue entirely as it is just another iteration of registered mail that is unnecessary. Or am I missing something here?

I dunno.  It seems like you'd be safer.  You're not enabling someone to do something they can't already do, and you have a good sense of the identity of who paid and who got the coins.  You didn't enable someone to move money from point A to B any more than they could have.  I don't really know the best way to explain it, but I have a hunch that my attorney would probably concede the overall risk in doing this was less but non zero, for lots of little itty bitty reasons, the largest of which could be that he might get FinCEN on the phone and simply ask them and hear them say "yeah we don't consider that to be money transmitting".

Ultimately at the end of the day, the actual risk is a function of how much you bother people who have the power to regulate money into doing something about it.  It could very well be that selling physical bitcoins was never money transmitting to begin with, but challenging FinCEN's opinion would be unduly costly (not to mention it's an opinion likely to evolve over time on its own anyway as Bitcoin becomes more widely understood)