[CLOSED] Design a physical Bitcoin - (CONTEST IS CLOSED)

[pizzaboy69696969]

Can't wait for the new coins!

2017, calling it

[Rawted]

How can a coinhoarder have no coins?

[pakotako]

Shame I am late for this, something I always wanted to try myself at.

[CoinHoarder]

Hi all,

First of all let me apologize it has taken me so long to payout this bounty. I have learned a good lesson in all of this, and I appreciate your patience with me.

For those of you that don't know, about the same time I started this contest I took out a loan of 30 BTC from a forum member when Bitcoin was something like $115 each (from memory.) I cashed this out to FIAT immediately upon receiving the loan for some business expenses. About a month later the Bitcoin price skyrocketed to $1000+ where it stayed until just recently. This effectively made my loan of $3450 cost $30,000+ to pay back. I made many loan payments when the price was above or around $1000 costing me A LOT of FIAT in the process. It is for this reason I have obviously had a hard time paying back the loan and paying out this bounty. I am gracious that the lender (and you guys) has been very patient with me and I am paying back what I can afford as fast as possible. As of now I have paid back 27+ BTC of the 30 BTC loan, and I have promised to pay 32.2 BTC total back as compensation for the loan. As long as we don't have another huge rise in price of a Bitcoin, I believe I can pay off the loan this month. After the loan is repaid my next focus is paying off this bounty.

Again, I sincerely apologize it is taking so long. I made many loan payments when the price of Bitcoin was ~$1000 and all of my money is going to repay it. I have no savings... FIAT or cryptocoins, and every single extra $ I get is going to repay the loan and this bounty. I am pretty much working three jobs to pay off this debt, including running my coin business, ASIC hosting service, and my day job. I have not bought anything that I didn't absolutely need. I am hardly making my bills after making payments for the loan and am living month to month. All of this money that is going to repay the loan and the bounty I should of been reinvesting in my business so I can keep it going and order more coins. The future of CryptoVest coins is in jeopardy because of my stupid decision to take a loan denominated in BTC and make this bounty contest. It takes a large amount of capital to make new coins and holograms and I do not know when or if I will be able to save up enough to do so. I am severely regretting this series of poor decisions to get a loan and start a bounty denominated in BTC. However, at the end of the day I am a man of my word and I promise to have everyone paid back as soon as I am able.

Thanks again for your patience and understanding,

Will

[pizzaboy69696969]

Hi all,

First of all let me apologize it has taken me so long to payout this bounty. I have learned a good lesson in all of this, and I appreciate your patience with me.

For those of you that don't know, about the same time I started this contest I took out a loan of 30 BTC from a forum member when Bitcoin was something like $115 each (from memory.) I cashed this out to FIAT immediately upon receiving the loan for some business expenses. About a month later the Bitcoin price skyrocketed to $1000+ where it stayed until just recently. This effectively made my loan of $3450 cost $30,000+ to pay back. I made many loan payments when the price was above or around $1000 costing me A LOT of FIAT in the process. It is for this reason I have obviously had a hard time paying back the loan and paying out this bounty. I am gracious that the lender (and you guys) has been very patient with me and I am paying back what I can afford as fast as possible. As of now I have paid back 27+ BTC of the 30 BTC loan, and I have promised to pay 32.2 BTC total back as compensation for the loan. As long as we don't have another huge rise in price of a Bitcoin, I believe I can pay off the loan this month. After the loan is repaid my next focus is paying off this bounty.

....
Will

Yeesh poor guy.  Also a good guy, makes awesome coins.  I feel like you should only have to pay the value of the bounty when you first made the offer.  So you pay whatever 5 BTC was when the contest first started.  I mean if 1 BTC went up to $1,000,000, would we really expect him to pay out 5 mill?!

[ibminer]

Sooo... how you been CH?

[CoinHoarder]

Sooo... how you been CH?

Busy trying to make money to pay off my loan and pay off this bounty. I am sorry, but I can't make $4000 appear out of no where. I am still living pay check to pay check, I am still working at my main job, I started a new business to help make some money but I'm not receiving many sales so I'm not making hardly any money with that. It is what it is, please just be patient.

I have not and will not forget about this and I will pay it as soon as I can.

[smoothie]

It's been over a month since the last update. Wanted to see where this stands.

Something tells me this may turn into a perpetually long bounty to pay off, especially if BTC goes to $1000 again.

It has been 7-8 months now since this contest started.

[smoothie]

Sooo... how you been CH?

Busy trying to make money to pay off my loan and pay off this bounty. I am sorry, but I can't make $4000 appear out of no where. I am still living pay check to pay check, I am still working at my main job, I started a new business to help make some money but I'm not receiving many sales so I'm not making hardly any money with that. It is what it is, please just be patient.

I have not and will not forget about this and I will pay it as soon as I can.

[smoothie]

UPDATE: This contest is now closed, please do not submit any more designs. Thank you.

What you will receive:
- 5 BTC
- 1 free physical coin with your design on it
- design credits on our website cryptovest.com (launching soon)
- the product will be named after you

What I want:
Think outside the box and don't be afraid to be creative. If you want feedback from me in a private setting so that your design is more likely to be selected, please email your design to sales@cryptovest.com for critique.

What needs to be submitted to qualify?
1. Black and white picture of the front and back of the coin (no shading or color)
2. A two toned hologram design
3. A two toned hologram design with a window for the firsbits of factory loaded coins:
4. A rendering of the coin front and back with the hologoram (no window):

What are the requirements of the design?
- All artwork shown in black will be raised on the coin. Half tones and shading cannot be reproduced on a coin and should be eliminated.
- Vector file formats are preferred, all other images should be 300 DPI or more.
The correct dimensions are:
- The coin should be 39mm in diameter. (1.53543 inches)
- The back side of the coin must have a 1 inch diameter "donut" so that when the coin insert is placed on the coin and the hologram over it, there is no bulge.
- The inner part of the "donut" (where the coin insert will go) should be 12.7mm (0.5 inches)
- The outer part of the "donut" (where the hologram will go over) should be 25.4mm (1 inch)
- The hologram should be circular and 24.13mm (.95 inch) in diameter.
- Integrate our company name "CryptoVest" somewhere in the design.
- The denomination of the coin should be 1 BTC

Let me know if you have any questions. Please excuse the Litecoin images... I would have used Bitcoin images, but the physical Litecoin is is the only product that we actually have designs for and are currently manufacturing.

Thank you,

Ch

Quoted for future reference.

[smoothie]

Any timeframe/deadline on this?

It will go until I announce a winner. Sorry to be vague, but I don't really want to put a time limit on it. I will likely wait about a week and review the submissions thus far and decide if it should go longer or not.

So the contest will go until you announce a winner.

UPDATE: This contest is now closed, please do not submit any more designs. Thank you.

But you say that the contest is now closed.

So who was the winner?

If not, I suppose the contest is still running?

Thanks for clarifying.

[smoothie]

Here is a series of posts from Coinhoarder with nothing in-between but silence:

I apologize everyone. I have been very busy and hadn't had anytime to reply here or choose a winner. In fact, I believe there is still a design someone has done that I haven't even seen yet. A winner will be chosen and they will be paid. I will try to get with that designer this weekend so I can start to compare all the designs.

Thanks,

Ch

Carlos L,

I did not set a time limit on this contest, so you can call me a scammer all you want, but your accusations are baseless. How about you go bother someone else?

I'm having personal medical issues and just went to the doctor yesterday. I am supposed to receive the blood test results today and find out more about what's going on. How about you have a little respect for that and leave me alone. Quit calling me scammer all over the place, all it makes me want to do is take longer to make my decision to piss you off.

Again, I have not broken any rules of the contest as there was no time limit.

Whatever...

Ch

PS: Which one of your sock puppets submitted a design Carlos L??

Hi everyone,

I am really sorry by the way I can't pay the bounty yet, but Bitcoin was worth something like $120 when I made the OP... now it's worth $815. I am working really hard to get some income coming in so I can get the bounty paid. Please be patient with me, it will be paid at some point. I have never scammed anyone in this community and do not plan to start now.

That being said, I decided to narrow it down to the top 5 designs so the others can use their design elsewhere if they would like.

The top 5 designs (in the order they were submitted):
ibminer
likehero
mjbmonetarymetals
acorn
zinodaur

Yes, I PMed him telling him I hope he realized that leaving negative trust is going to effect how long it takes to pay the bounty. It will turn away some customers for sure. But it is what it is, I don't really care if he removes the negative trust or not, I have enough good trust ratings as is. Also I criticized his analysis of my thinking process when he posted "From that post he has realized that the coin business is not all about the design of the coins but trust in Private Keys and selling.  And so giving away free coins that arent loaded are hard to sell and even give away."

My point was that if people don't trust me, then they wouldn't let me handle the 1500+ BTC for my group buys. If that's not trust, then I'm not sure what is... I've done many transactions over the forums without escrow and held up my end of the bargain every time. Only once has someone required me to use escrow and it was actually a transaction I initiated yesterday, as you have added your negative feedback to my account and Carlos opened a scam accusation.

I am still a very honest trustworthy guy, I just do not have 5 BTC to pay this bounty right now. If you think that makes me a scammer, then whatever. I have stated I will pay it as soon as I can. I know you think you're helping but you're not. The thinly veiled jab at me in your post... "if I am asked about your business capabilities I will suggest they look elsewhere" ...... The truth is I have done over 2000 BTC worth of transactions for group buys and selling/buying things on the forums, ALL of it without escrow, with ZERO problems. If my personal problems (which are just that, PERSONAL, not applicable to my business) make you uncomfortable to do business with me then I understand, but don't try to push those views on others. I know you think you're helping, but honestly I can work this out with the people still in the contest on my own. I am still planning on honoring the 5 BTC bounty.

My business was not started to make money, it was started to further the adoption of cryptocoins by offering affordable services and businesses. Not because I have a huge stash of coins I want to increase in value, but because I support the original ideals of cryptocoins due to their libertarian-like nature. I do not care if I never break even because I overpaid for the design by $4000. Again, I will get the bounty paid as soon as possible. Just please chill out on the scam accusations, it hurts my ability to pay the bounty.

Hi all,

First of all let me apologize it has taken me so long to payout this bounty. I have learned a good lesson in all of this, and I appreciate your patience with me.

For those of you that don't know, about the same time I started this contest I took out a loan of 30 BTC from a forum member when Bitcoin was something like $115 each (from memory.) I cashed this out to FIAT immediately upon receiving the loan for some business expenses. About a month later the Bitcoin price skyrocketed to $1000+ where it stayed until just recently. This effectively made my loan of $3450 cost $30,000+ to pay back. I made many loan payments when the price was above or around $1000 costing me A LOT of FIAT in the process. It is for this reason I have obviously had a hard time paying back the loan and paying out this bounty. I am gracious that the lender (and you guys) has been very patient with me and I am paying back what I can afford as fast as possible. As of now I have paid back 27+ BTC of the 30 BTC loan, and I have promised to pay 32.2 BTC total back as compensation for the loan. As long as we don't have another huge rise in price of a Bitcoin, I believe I can pay off the loan this month. After the loan is repaid my next focus is paying off this bounty.

Again, I sincerely apologize it is taking so long. I made many loan payments when the price of Bitcoin was ~$1000 and all of my money is going to repay it. I have no savings... FIAT or cryptocoins, and every single extra $ I get is going to repay the loan and this bounty. I am pretty much working three jobs to pay off this debt, including running my coin business, ASIC hosting service, and my day job. I have not bought anything that I didn't absolutely need. I am hardly making my bills after making payments for the loan and am living month to month. All of this money that is going to repay the loan and the bounty I should of been reinvesting in my business so I can keep it going and order more coins. The future of CryptoVest coins is in jeopardy because of my stupid decision to take a loan denominated in BTC and make this bounty contest. It takes a large amount of capital to make new coins and holograms and I do not know when or if I will be able to save up enough to do so. I am severely regretting this series of poor decisions to get a loan and start a bounty denominated in BTC. However, at the end of the day I am a man of my word and I promise to have everyone paid back as soon as I am able.

Thanks again for your patience and understanding,

Will

Sooo... how you been CH?

Busy trying to make money to pay off my loan and pay off this bounty. I am sorry, but I can't make $4000 appear out of no where. I am still living pay check to pay check, I am still working at my main job, I started a new business to help make some money but I'm not receiving many sales so I'm not making hardly any money with that. It is what it is, please just be patient.

I have not and will not forget about this and I will pay it as soon as I can.

[sukamasoto]

contest that will draw a lot of gifts
but unfortunately has been closed

[smoothie]

contest that will draw a lot of gifts
but unfortunately has been closed

Here is the response you get when you ask if he plans to pay out before going on his hiatus from the forums:

The first people that contacted me and paid, your stuff is on its way as of today. Sorry about the delay.. life is crazy right now. I will write some assembly instructions and post them here. Make sure to read them.. I had a customer brick his units by plugging in 5v power into the Gridseeds.

- If you have emailed me and not heard back from me, you will hear from me today.

- If you emailed me and don't want your stuff shipped back and want it hosted. I will have your things back up and running within the end of the week. I apologize for delay.. I'm still moving.

- If you opened a Paypal dispute, I cannot send your stuff to you I apologize. I literally have $0 in my pocket and my bank account is negative, I cannot cover your shipping. When you open a dispute, Paypal freezes the money. Email me to work something out.

I am giving you guys all accessories at no costs, and 1 special edition physical litecoin (worth ~$15 each unloaded on Ebay) per Gridseed you ordered (until supplies last I am not sure I have enough to do 1-1 for everyone.) I have these left over from people that didn't pay for them after the auctions. This is the only way I can somewhat make up for this as I have no coins or cash. I hope you appreciate it... as I have definitely lost a lot of time and money in this as well. I wasn't making much of anything selling these Gridseeds as it was- hosted units I literally made nothing after paying for accessories and was planning on making money from hosting fees. That obviously never happened.

I am going to take a long hiatus from the cryptocoin community after this is cleared up. I will not continue any businesses I have started, I need to eliminate stress as much as possible from my life. I admit I am young (27) and still have a lot to learn. I have made some mistakes and I am sorry about that. I wish things would have gone better, but it most of it was out of my control. I literally do not know how I am going to eat tonight. I am now living with my sister, first night here she's like "I'm seeing this guy and he's gonna stay the night tonight." I'm thinking to myself... fuck my life. I told someone in email, but since I delayed even more I will explain it to you publicly. I have been having problems with depression the past 6 months or so. It has been hard for me to live a normal life, it is why I lost my job. I have suffered with depression off and on my whole life, but lately I have been the worst I've ever been. I would totally kill myself right now if I didn't have a family that would be devastated. I can't do that to them... I need to learn to be strong and teach myself how to be happy again. I have been going through some really tough times, all I am asking for is a little understanding.

Please just have patience and this whole thing will be fixed shortly. I am still moving.. no A/C at my old place or the warehouse in 90+ degree weather... by myself. This is why I have been slow to respond and send everything back. I will try to make an effort to be better about responding etc so we can get this cleared up once and for all.

Thanks.

Since you are going to take a hiatus I figured I would ask if plan to tie up all loose ends including this: https://bitcointalk.org/index.php?topic=289668.0

It has been 9 months and counting. Just asking.

It seems Smoothie's life mission is to ruin my reputation. I think I am doing an OK job of that on my own Smoothie, I don't need your help.

GFY

1. You mad bro?

2. It was just a question. No need to get in a hissy fit.

3. Concerning your acronym, no thanks. I do not swing that way. But Goat might take you up on that offer since he offered the same thing to me just the other week.  

4. So can you answer the question like a legitimate forum user or will you just keep dodging the issue?

5. Nice try to make me out to be the one who is in the wrong here. Clearly all I've done is call things as I've seen it. All you have done in response is to whine and cry wolf that I am stalking you and attacking you. You and goat sure appear to have similar traits. You aren't related are you?

Grow up Smoothie, aren't you like 30+ years old? This is ridiculous... As I've said 10 times now (maybe more)- I will pay off the loan and bounty as soon as I am able. I didn't feel the need to repeat myself, especially to you. I am broke and in debt to a couple people in this community. If I had money to pay them then I would, but I cannot. You bothering me about it all the time doesn't change anything- just because you make a post on here (and in at least 5 other threads over 2 forums in the past month or so) doesn't magically grant me the ability to shit money out of my ass. Maybe you don't understand... I am sure you are pretty well off from you crypto investments and selling overpriced coins, unfortunately I cannot say the same for myself. I couldn't go out to eat if I wanted.. all my money is in groceries in fridge or in my possessions, most of which I am selling to get back on my feet.

I am a freaking broken depressed individual right about now and things have not been going well. So what do you do? You go around and rub it in my face all over. That is just a very mean spirited thing to do and I am sure you have no heart. You are not even directly involved and have NEVER supported or purchased anything from me- EVER. You make it seem like you're some white knight rescuing the helpless from a terrible tyrant, when in actuality your actions and what you say about me stem from some kind of hatred you have for me. Why should you give a shit about all of this? Were you affected by any of it? NO... I know you're going to come back with some bullshit like "because I really care about people getting scammed" or something, but you and I both know this is personal for you. Otherwise you would be posting in one of the other million scammer threads and trying to help those people out. Yet, you only come here and harass me. I think part of your hatred from me stems from me pointing out that you are making a killing on your coins, and now it has been exemplified now that I came out that I no longer support Litecoin. Just please admit these are the true reasons why you harrass me, it is quite obvious although you try your best to hide your true reasons.

I have now ignored you, I should of done it about 2 years ago. Good day.

[CoinHoarder]

Hi, its been a while but I thought I would update those involved in this.

I have two debts in the cryptocoin community.

#1 - A 30 Bitcoin loan in which I worked out a deal with rudrigorc2 to only owe 32 Bitcoins for. I have since paid about 31.5 Bitcoins back out of the 32 Bitcoins owed. You can see the payment address here to follow along with my progress and see that I am paying back my debt... slowly but surely:

Payment address: https://blockchain.info/address/1MenQ9tJiGHaNwTiFJJu2g9F2qpseWzPMu
Original loan thread: https://bitcointalk.org/index.php?topic=285592.0

Since the first debt was a loan, and it was done before I started the bounty competition, I thought it was the right thing to do to pay off the loan before paying off this bounty competition. Bitcoin has gone up a lot in value, and I paid off a lot of the loan when Bitcoins were worth $800+, a lot of the loan was paid back when Bitcoin was $1000+. It makes me sick to think I could of waited for the Bitcoin price to crash and I would of had enough money to cover all of my debts and still have some Bitcoin savings. However, it could of just as easily skyrocketed even more leaving me with the impossible task of paying off a lot of debt, so I suppose I am happy with my decision there.

#2 the design a physical Bitcoin bounty debt.

As you can tell I am making headway with my debt, and as soon as I am able I will pay off this debt as well. I am not making a lot of money nowadays, but I am a man of my word and I will get it paid off as soon as I can.

Thanks for your patience.

[smoothie]

+2 months later and still nothing...

Approximately 11-12 months from the time this bounty was expected to paid (if I'm not mistaken).

Someone made a scammer thread about this given how long this is taking.

Time will tell how long you take to pay this off.

Time is money remember that.

And yes CH anything on a public forum is public business so please spare me the "it doesn't involve you" BS you like to spout when being called out on your claims/promises/obligations.

 

[smoothie]

For coinhoarder to actually fulfill his obligations he will need to:

1. Decide on a winning design in one form or another.

2. Pay the winner the 5 BTC bounty.

3. Get the coin minted so he can at least give the winner the free coin they won by winning this contest.

4. Have the winning hologram design manufactured as well.

5. Post design credits on cryptovest.com which currently reads the following when you go to his site:

"Service Unavailable

HTTP Error 503. The service is unavailable."

It will take much more than just paying the 5 BTC bounty for Coinhoarder to be out of debt on this contest.

I wouldn't expect him to deliver on his obligations above that I listed in any meaningful time frame.

[smoothie]

UPDATE: This contest is now closed, please do not submit any more designs. Thank you.

What you will receive:
- 5 BTC
- 1 free physical coin with your design on it
- design credits on our website cryptovest.com (launching soon)
- the product will be named after you

What I want:
Think outside the box and don't be afraid to be creative. If you want feedback from me in a private setting so that your design is more likely to be selected, please email your design to sales@cryptovest.com for critique.

What needs to be submitted to qualify?
1. Black and white picture of the front and back of the coin (no shading or color)
2. A two toned hologram design
3. A two toned hologram design with a window for the firsbits of factory loaded coins:
4. A rendering of the coin front and back with the hologoram (no window):

What are the requirements of the design?
- All artwork shown in black will be raised on the coin. Half tones and shading cannot be reproduced on a coin and should be eliminated.
- Vector file formats are preferred, all other images should be 300 DPI or more.
The correct dimensions are:
- The coin should be 39mm in diameter. (1.53543 inches)
- The back side of the coin must have a 1 inch diameter "donut" so that when the coin insert is placed on the coin and the hologram over it, there is no bulge.
- The inner part of the "donut" (where the coin insert will go) should be 12.7mm (0.5 inches)
- The outer part of the "donut" (where the hologram will go over) should be 25.4mm (1 inch)
- The hologram should be circular and 24.13mm (.95 inch) in diameter.
- Integrate our company name "CryptoVest" somewhere in the design.
- The denomination of the coin should be 1 BTC

Let me know if you have any questions. Please excuse the Litecoin images... I would have used Bitcoin images, but the physical Litecoin is is the only product that we actually have designs for and are currently manufacturing.

Thank you,

Ch

Quoted for reference.

[smoothie]

For coinhoarder to actually fulfill his obligations he will need to:

1. Decide on a winning design in one form or another.

2. Pay the winner the 5 BTC bounty.

3. Get the coin minted so he can at least give the winner the free coin they won by winning this contest.

4. Have the winning hologram design manufactured as well.

5. Post design credits on cryptovest.com which currently reads the following when you go to his site:

"Service Unavailable

HTTP Error 503. The service is unavailable."

It will take much more than just paying the 5 BTC bounty for Coinhoarder to be out of debt on this contest.

I wouldn't expect him to deliver on his obligations above that I listed in any meaningful time frame.

Almost 2 months later...still nothing.

Now standing at about 14 months since contest should have been paid out and completed.

[ibminer]

I must say this is starting to get a little disheartening CH....