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Author Topic: [Bounty] 100 BTC for compromised Casascius coin  (Read 1296 times)
TTBit
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November 16, 2011, 02:22:54 PM
 #1

First:
  • I am not associated with Casascius in any way. Never met him or talked with him. He did not approve this bounty.

Bounty:
  • I placed 100 BTC into address: 1BountyBtqSHdNm2MWdehCV5YgMm95e76M

Goals:
  • Set up a point where scammers have an incentive to scam me out of 100 BTC instead of a few btc in the marketplace.
  • Victims have an opportunity to profit if they get scammed holding a Casascius 1 BTC coin.
  • A place where people can check if there is any news on the validity of the coins.

To claim bounty:
  • Post in this thread with claiming address.
  • Send me the 1 BTC Casascius coin (Series 1 or Series 2) with a hologram in-tact that has a balance of zero.
  • If I can't tell the difference between a valuable coin and worthless coin, bounty will be released.
  • Coin will be submitted to Casascius upon request
  • Good through December 31, 2012

Notes:
  • Only 1 BTC coins can claim the bounty.
  • There is subjectivity involved in bounty decision. I won't release bounty to poorly produced fakes. This is not stupid insurance. Proper due-dilligence is still required when accepting coins.
  • I don't see why anyone would want to, but if you wish to be a part of the bounty, you can send to the bounty address above. On 12/31/2012 I will refund to sending addresses.

Also, I want to sign this post with the same signature in my GLBSE post: https://bitcointalk.org/index.php?topic=46929.0, but I can't get it to work - tips on how I did it before?

good judgment comes from experience, and experience comes from bad judgment
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casascius
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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November 16, 2011, 02:34:55 PM
 #2

Sweet idea.

This should probably account for the fact that I send international coins inactive and fund them later so they don't have value in customs. Zero balance should mean the balance was successfully stolen, or a convincing fake.
On the series 1, someone could erase the firstbits with solvent and print something else, leading you to the wrong address on block explorer. But the 1BTC would still be intact at the original address and this would not be a compromise.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
TTBit
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November 16, 2011, 02:47:01 PM
 #3

Sweet idea.

This should probably account for the fact that I send international coins inactive and fund them later so they don't have value in customs. Zero balance should mean the balance was successfully stolen, or a convincing fake.

I have faith this won't cost me anything. If you're robbed or come across a bad employee, this could help track that person down.

good judgment comes from experience, and experience comes from bad judgment
btc_artist
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Bitcoin!


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November 23, 2011, 04:37:22 PM
 #4

Nice idea.  I'm pretty sure it won't cost you anything either.

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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