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Author Topic: new real tangible physical bitcoin coin  (Read 54506 times)
sunyag
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July 02, 2011, 11:39:30 AM
 #41

You may want to consider making a more definitive statement on the Website that this is for 'novelty purposes only'. I can imagine that government interests (i.e. Sen. Charles Schumer) are just looking for some excuse to hang Bitcoin (and in this case, you) with a federal currency violation.

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dayfall
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July 02, 2011, 08:07:31 PM
 #42

I have never seen the Baht with two bars. 

And I don't think there will be a currency violation as these coins have no dollar denomination.
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July 02, 2011, 08:46:21 PM
 #43

You may want to consider making a more definitive statement on the Website that this is for 'novelty purposes only'. I can imagine that government interests (i.e. Sen. Charles Schumer) are just looking for some excuse to hang Bitcoin (and in this case, you) with a federal currency violation.


Yes, and when the Schumer hits the fan, you don't want to be in front of it.
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July 02, 2011, 09:37:07 PM
 #44

imagine your site is like instawallet.

the code on the coin could be used as an "view-only" mode for checking balance.
i am note sure about how to secure transactions (eg who "owns" the coin; handing one coin to somebody else without internet)...

and PLEASE offer shipping to europe soon. i want some!

if possible i would like to see "real" gold coins. maybe work together with them: http://midasbitcoin.blogspot.com/ (not sure if they are trustworthy, but i think i'll try)

very nice work!
blendergasket
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July 02, 2011, 11:46:31 PM
 #45

It would be cool if they were made out of solid gold and shrunk/grew in relationship to Bitcoin's exchange rate to gold.
Dobrodav
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July 02, 2011, 11:48:59 PM
 #46

Yea and some Fairies play some  magic tone when grow\shrink happens - cool.

We will  meet in not-so-distant future.
Today`s strange music :
http://www.youtube.com/watch?v=V8mCgjbBPMk
Yesterday`s  strange music:
http://www.youtube.com/watch?v=-uCTyC1FGLw
sunyag
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July 03, 2011, 01:47:14 AM
 #47


And I don't think there will be a currency violation as these coins have no dollar denomination.


If they are marketed as a "real" physical representation of a currency, then that is how the prosecution would treat them (if such action were pursued). The vendor's own verbage would be the prosecution's case.

Indeed, they effectively have serial numbers.

I am just saying that Bitcoin is clearly on the gubberments radar now, and 'Bitcoins' being posed as physical coinage is not going to help.

The two legalese keywords here are 'novelty' and 'entertainment'.


RSantana
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July 03, 2011, 08:40:32 AM
 #48

Just wanted to let everyone know that all orders that have been placed up til now have shipped!
Due to the holiday they won't actually go out until Tuesday.

Some have commented on how I can offer this coin for such a low price... I'm afraid I did set the price point a bit too low. For now, I'm keeping the price the same but will drop the free shipping.

Check out the first physical bitcoin at http://CoinedBits.com
Alex Beckenham
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July 03, 2011, 08:56:47 AM
 #49

Some have commented on how I can offer this coin for such a low price... I'm afraid I did set the price point a bit too low.

That's what I was thinking... I had been investigating something similar and was quoted $12 per coin with a min quantity of 2500 to get them done at the Perth mint, so I would have to sell them for at least 1 btc each.

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July 03, 2011, 09:48:01 AM
 #50

Just wanted to let everyone know that all orders that have been placed up til now have shipped!
Due to the holiday they won't actually go out until Tuesday.

Some have commented on how I can offer this coin for such a low price... I'm afraid I did set the price point a bit too low. For now, I'm keeping the price the same but will drop the free shipping.

Have all the international orders been shipped as well?
Fuzzy
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July 03, 2011, 01:48:55 PM
 #51

Looks like they're going for whatever $6 USD is in bitcoins.

As they are not limited edition, they should get cheaper (in BTC) as the BTC value goes up, thus, they're always worth $6 USD.

Also remember reading that it was ILLEGAL to mint your own currency. Not sure if that refers to counterfeiting US currency, or any currency, or if it includes "digital tokens". Not sure the fed's will care if they decide to bust you  Huh
RevolutionMaster
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July 03, 2011, 10:14:26 PM
 #52

Just placed an order. Do we get confirmation numbers or emails on this?
RSantana
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July 04, 2011, 02:16:34 AM
 #53

Just wanted to let everyone know that all orders that have been placed up til now have shipped!
Due to the holiday they won't actually go out until Tuesday.

Some have commented on how I can offer this coin for such a low price... I'm afraid I did set the price point a bit too low. For now, I'm keeping the price the same but will drop the free shipping.

Have all the international orders been shipped as well?

Yes, the international orders have been fulfilled as well.

If you are ordering outside the USA please include an extra tenth of a Bitcoin in your order. Thanks.

Check out the first physical bitcoin at http://CoinedBits.com
RSantana
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July 04, 2011, 02:17:48 AM
 #54

Just placed an order. Do we get confirmation numbers or emails on this?

No, not yet. Still working on getting email conformations.

Check out the first physical bitcoin at http://CoinedBits.com
gigabytecoin
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July 04, 2011, 02:21:07 AM
 #55

Any chance to get a custom engraving on the back or side of it?
MeSarah
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July 04, 2011, 05:12:41 AM
 #56

I like this coin but be careful, flipoutz has a patent for tracking unique id'd coins online. Its not an issue for those that buy the coins just the operator of the website.

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com ``````
Kermee
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July 04, 2011, 05:40:06 AM
 #57

No, not yet. Still working on getting email conformations.

Any way to change the quantity through the PayPal option?  I'm trying to order 4 and rather do one-payment vs. being vigged 4 times by PayPal...

Cheers,
Kermee

RSantana
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July 04, 2011, 08:23:12 PM
 #58

No, not yet. Still working on getting email conformations.

Any way to change the quantity through the PayPal option?  I'm trying to order 4 and rather do one-payment vs. being vigged 4 times by PayPal...

Cheers,
Kermee

Oops, sorry about that. You can now order larger quantities and save on shipping. This is only available if using Paypal.

Also, Free shipping has ended. Shipping is now included in the price for Bitcoin and Dwolla payers. Paypal still has the price at $5.99 +shipping.

WE NOW SUPPORT INTERNATIONAL ORDERS!
However, you must use paypal. We do NOT support orders outside the USA if paying via Bitcoin or Dwolla. Sorry for the inconvenience.

All orders placed by today will be shipped tomorrow (Tuesday the 5th).

Check out the first physical bitcoin at http://CoinedBits.com
ryepdx
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July 05, 2011, 05:49:42 PM
 #59

We do NOT support orders outside the USA if paying via Bitcoin or Dwolla.

I'm guessing this is due to the domestic shipping cost being "baked in" to the cost of the product when paying via Bitcoin or Dwolla. Is that right? Why not separate it out for international orders? Or just, y'know, separate it out all the way? Is it because you don't have a system that can handle different shipping rates on each order?

Sorry, it just seems funny that you don't accept bitcoins for international orders since that's probably where Bitcoin shines brightest.
RSantana
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July 06, 2011, 05:59:39 AM
 #60

We do NOT support orders outside the USA if paying via Bitcoin or Dwolla.

I'm guessing this is due to the domestic shipping cost being "baked in" to the cost of the product when paying via Bitcoin or Dwolla. Is that right? Why not separate it out for international orders? Or just, y'know, separate it out all the way? Is it because you don't have a system that can handle different shipping rates on each order?

Sorry, it just seems funny that you don't accept bitcoins for international orders since that's probably where Bitcoin shines brightest.

Yes, I don't have a good shopping cart system to handle all this. This has been rather frustrating. If you know of a good free shopping cart that supports Bitcoin payment, let me know.

We now support international orders using any payment method you like :-)

Check out the first physical bitcoin at http://CoinedBits.com
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