Titan Bitcoins - Physical Bitcoins with 2-factor authentication

[cnblue]

i already Order my first Titan Coin, Love it.
The customer service guy was really patience with me. Helping me getting all of my Question Answer.

i got this Coin with 2-Factor Auth. Planning to get Order 9 more before 2015.

Scenario Case #01
let say 20 years from now i lost The physical Coin from some tragic but i know the COIN ID, my email address and password that i register the coin with, would i still be able to redeem the value of the Coin?

Scenario Case #02
lets say the person who operate the Titan die from a misfortunate event, what would happen to my BTC in Cold Storage? or the Cold storages was Sabotage somehow? 

Scenario Case #03
lets say its year 2045, now the value of BTC is insanely high. unbelievable and unpredictable from anyone wildest dream. and the person who have access to the Cold storage decided to cash out the all the Coin for himself?
me and everyone else who brought Titan Coin, just got rob.

sorry for being Paranoid, $$$$ doesnt grow on Trees

[1713446584]

1713446584

[TitanBTC]

i already Order my first Titan Coin, Love it.
The customer service guy was really patience with me. Helping me getting all of my Question Answer.

i got this Coin with 2-Factor Auth. Planning to get Order 9 more before 2015.

Scenario Case #01
let say 20 years from now i lost The physical Coin from some tragic but i know the COIN ID, my email address and password that i register the coin with, would i still be able to redeem the value of the Coin?

Scenario Case #02
lets say the person who operate the Titan die from a misfortunate event, what would happen to my BTC in Cold Storage? or the Cold storages was Sabotage somehow? 

Scenario Case #03
lets say its year 2045, now the value of BTC is insanely high. unbelievable and unpredictable from anyone wildest dream. and the person who have access to the Cold storage decided to cash out the all the Coin for himself?
me and everyone else who brought Titan Coin, just got rob.

sorry for being Paranoid, $$$$ doesnt grow on Trees

Hi Cnblue,

Glad you like the coin!

In Scenario #1, If I understand correctly, you're describing a case where you only have the coin ID and registration info but not the redemption code underneath the hologram.  This is information that could be gotten by an identity thief who had access to your email as a result of a compromised password.  You will need the redemption code underneath the hologram in order to redeem the coin (it's one of the two forms of authentication). 

In scenario #2 and 3, you bring up a number of questions that involve a failure on our end.  While we have done a lot to ensure that our system has redundant backups and fail-safe contingencies, there will always be some trust required on the part of our customers with the current setup.  We don't intend to keep it this way.

The simplest answer to your questions is that in the near future we will be updating the way we handle 2-factor authentication to address your concerns.  The current website is a stepping stone to a larger, fully decentralized solution in which the bitcoin network itself will track ownership of coins. 

There's no reason to apologize for being paranoid.  Bitcoin has seen plenty of scams and failures so we appreciate customers like you bringing up important issues.  We did consider these issues when starting out and chose our current solution very deliberately after weighing the pros and cons.  We really, really like bitcoin and we're working to perfect our physical bitcoins and better address the issues you mentioned for the sake of a stronger bitcoin ecosystem.

[hasher87]

this is beyond too beautiful! i wish the price was back when btc rate is US$100 

[TitanBTC]

this is beyond too beautiful! i wish the price was back when btc rate is US$100 

The price of bitcoin was just about $100 when we first started selling these.  Don't forget that you can pay in bitcoins too, so if you have around 1.35 BTC, you can trade that in and get a coin    We've got a really nice design for the 0.1 BTC coin that will be coming out soon which will be in the $50 range.  I can't rush the artists and engravers, but we're really looking forward to offering some less expensive coins.

[TitanBTC]

That's good news. Is it also possible to buy unloaded coins? I'm into collecting coins, so I'd rather just have the coin

We won't be selling the unloaded coins ourselves, but a number of them have been redeemed so I wouldn't be surprised if you see unloaded coins on eBay soon.

[TitanBTC]

Quick update and an apology

I just wanted to apologize to anyone that made a purchase on our site this morning that was subsequently cancelled.  One of developers updated the code to our website late last night (2:00 am here in California) while the rest of us were sleeping.  It wasn't until this morning that we realized he had enabled an automatic pricing feature that wasn't fully tested yet.  As a result, we were offering to sell bitcoins at a loss this morning for about 4 hours.

I would love to have fulfilled those orders, and it would have been a customer service win of the first order, but it also would have meant that we took a loss of about $2,000.  Honestly it was a tough choice, and our customer service rep really resisted when I told her that we would have to cancel those orders.  I hope the members of this community can sympathize with the challenges of pricing our products in dollars, in an environment where the selling price of bitcoins varies by as much as $100 depending on where you buy. 

We're interested in making things right with our customers, so feel free to shoot me a PM if you got stung by this error on our part and I'll happily send you a discount code for future purchases.   

Thanks

[Michail1]

I would be interested in a sign up list with regards to the sale of other denominations.

[TitanBTC]

I would be interested in a sign up list with regards to the sale of other denominations.

You're on the list, Michail1.  

I'll have our developers add that to the website as well.

[joeyjoe]

Is your company registered? What is your company registered number?

[Michail1]

I purchased 20 and sold them.  They were great (and simply beautiful)!

Time for more.

[TitanBTC]

Is your company registered? What is your company registered number?

I'm sorry I don't know what registration number you're looking for.  Can you be more specific?

Titan Bitcoins are produced by the Titan Mint Inc., which is a corporation registered in the state of California, USA.  Does that help?

[dominicwin]

Is your company registered? What is your company registered number?

I'm sorry I don't know what registration number you're looking for.  Can you be more specific?

Titan Bitcoins are produced by the Titan Mint Inc., which is a corporation registered in the state of California, USA.  Does that help?

He was just looking for a incorporation ID number I imagine which is typically found with companies outside the U.S.

That should be sufficient though for a U.S. based company, name and state.

[Whosull]

Love the design and look of your coins. Any updates on the other denominations?

Also, what are yours plans for the "Goldine" Titan One once the silver edition is out?

[LavaWave]

Has anyone picked up the Titan Tenth? The coin looks beautiful and I was wondering what peoples thoughts were regarding it. Probably will place an order tonight. Thanks.

[Blazed]

I have 5 of them, and they look really nice.

[LavaWave]

I have 5 of them, and they look really nice.

Good to know. I will order some tonight. Thanks for the reply!

[dangerkid]

Has anyone picked up the Titan Tenth? The coin looks beautiful and I was wondering what peoples thoughts were regarding it. Probably will place an order tonight. Thanks.

i got 2. sharp and awesome!

[Michail1]

I got a bunch of them.  VERY Happy with my collection.

[LavaWave]

Thanks for the input guys! Order placed.

[LavaWave]

Just wanted to say that I received the coin very fast! It's a beautiful coin, but I think I was more impressed by their customer service. Very fast response to a question that I had in regards to the authentication process. Will definitely pick up some more when I get some cash!