CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic)

[molecular]

is there any coins left?

look for resellers (hint: my sig)

[TheNewAnon135246]

is there any coins left?

look for resellers (hint: my sig)

I recommend molecular's service! Very fast delivery and great guy(s) to do business with!

[molecular]

is there any coins left?

look for resellers (hint: my sig)

I recommend molecular's service! Very fast delivery and great guy(s) to do business with!

We don't ship to the US any more though. For US customers, I recommend Nightowlace.

[gentlemand]

It looks like he's back in business http://casascius.wordpress.com/2014/01/12/resuming-some-sales/  though unfunded unless you show up in person. Coolio.

[dnaleor]

It looks like he's back in business http://casascius.wordpress.com/2014/01/12/resuming-some-sales/  though unfunded unless you show up in person. Coolio.

Sad thing it has to be like that. The pre funded coins had some sort of credibility. Now you can not know for sure if those coins are safe...

Oh well,  I guess my small stash of pre 2014 coins just became more valuable :-)

[icey]

Mixed blessing really. Shame to see Mike not being able to supply us with the funded coins like before, but all our other coins should now pre-2014 should increase in value.

[gentlemand]

It'll be interesting to see what happens to values. It looks like there'll be an option to buy funded coins in person in bulk.

I'll probably buy more for the pure joy of ownership but won't be funding them.

[casascius]

The coins I plan to offer unfunded will have the following two distinctive features:

1. Quotation marks around the denomination: "1 BITCOIN" instead of 1 BITCOIN
2. The hologram won't say ONE BTC (etc.) but instead will say SELF FUNDED or something with similar effect.
3. Year >= 2014 (not a distinctive feature in and of itself, but will not make any earlier year coins with those features)

[jonanon]

I may be missing something but why don't you just produce the coins in a different country?

Or outsource them to a trusted supplier overseas?

 

[odolvlobo]

1. Quotation marks around the denomination: "1 BITCOIN" instead of 1 BITCOIN

Physical air quotes on a physical bitcoin. How clever!

Seriously, just remove the value if it is not guaranteed.

[casascius]

1. Quotation marks around the denomination: "1 BITCOIN" instead of 1 BITCOIN

Physical air quotes on a physical bitcoin. How clever!

Seriously, just remove the value if it is not guaranteed.

I hope someone else can do this.  I might do the same, but only if I'm offering a 2-factor version.  I don't like making wallets that purport to invite people to store limitless amounts of wealth on them without offering some sort of credible protection like 2-factor.  Instead, I anticipate printing multiple denominations as they're functionally identical, amount to nothing more than a cosmetic difference, and trivial to make if I"m doing them in quantity.

[dnaleor]

Are you still trying to get permission for the original buissiness (selling funded coins)?
Or is this the new buissiness model and will you only sell funded coins person2person from now on?

[zolace]

I have idea for your site, PM, cause i will need a supplier for it anyway

[nubbins]

Sad thing it has to be like that. The pre funded coins had some sort of credibility. Now you can not know for sure if those coins are safe...

AFAIK the coins were never pre-funded. The funds were always added after purchasers received their coins. This is no different; it's just you funding them upon receipt instead of Mike funding them.

[casascius]

Sad thing it has to be like that. The pre funded coins had some sort of credibility. Now you can not know for sure if those coins are safe...

AFAIK the coins were never pre-funded. The funds were always added after purchasers received their coins. This is no different; it's just you funding them upon receipt instead of Mike funding them.

To be fair, there's a difference between an unfunded coin that I intend to fund with the original buyer's funds on hand but just haven't done so yet, and an unfunded coin that I explicitly have no intention to fund.

All else equal, one's likely to be considered worth 1BTC more than the other.

There are some advantages to the latter.  For example, I don't have to force users to use expensive shipping options to keep a grip on unfunded coins making it into the wild.  If self-fund coins get lost, the loss is limited to the physical coins that got lost, and not any BTC.

[camolist]

i love the idea of being able to ship unfunded coins

back when these were 15 to even 100 dollars i thought nothing of taping 6 to cardboard and shipping across the country first class..never had a package go lost or take more then 5 days that i can remember even with several to Alaska and Hawaii

now for 6 coins we're talking highly insured express or registered mail


this is more so for the "funded" coins you will be selling in person...
have you ever considered making a system where a user pays the full 55btc (just an example) for 50 1s you do NOT fund them immediately but let the buyer request them in batches of 5 or something to be funded after being sold so it gives time for shipping

not sure how you would handle proof of them getting lost and refunding / not funding an otherwise assumed to be funded coin though :/

[luke.watson]

Mike, I just read the Wired article featuring you..

I was wondering how you are allowed to sell the funded coins in person but not send them in the mail?

Is it something to do with being a business rather than an individual entity ?

[molecular]

There are some advantages to the latter.  For example, I don't have to force users to use expensive shipping options to keep a grip on unfunded coins making it into the wild.  If self-fund coins get lost, the loss is limited to the physical coins that got lost, and not any BTC.

This is a true advantage. Insurance cost (and risk, insurance only pay value at time of sending, loss however is admitted only 3 months after that) is getting ridiculously high as of late.

[htspringer]

Sad thing it has to be like that. The pre funded coins had some sort of credibility. Now you can not know for sure if those coins are safe...

AFAIK the coins were never pre-funded. The funds were always added after purchasers received their coins. This is no different; it's just you funding them upon receipt instead of Mike funding them.

To be fair, there's a difference between an unfunded coin that I intend to fund with the original buyer's funds on hand but just haven't done so yet, and an unfunded coin that I explicitly have no intention to fund.

All else equal, one's likely to be considered worth 1BTC more than the other.

There are some advantages to the latter.  For example, I don't have to force users to use expensive shipping options to keep a grip on unfunded coins making it into the wild.  If self-fund coins get lost, the loss is limited to the physical coins that got lost, and not any BTC.

How does one qualify to be a "buyer"?
Does one need to do more than merely contact you personally in Utah?

[casascius]

Regarding the potential for face to face sales I'd like those who are interested to contact me and let me know what they'd be interested in and what kind of deal.

(And, I ask, in a tongue in cheek manner, that I not be required to respond immediately)

I am still trying to figure what kind of interest there is, and what kind of logistics I'll need, and what steps I'll need to take in order to ensure I'm not creating personal security risks for myself or buyers.  It's difficult, because it doesn't take very many funded coins to make a routine of transacting them in person very dangerous.  Switching to unfunded coins wipes all of that out, and after deliberation, it's quite possible I may just offer only that.