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Author Topic: [Interest check] A new funded collectible coin  (Read 1113 times)
Steeley
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June 05, 2021, 04:43:58 AM
Merited by owlcatz (2)
 #21

RealityCheck

I know who the coin-makers are (not personally, but by reputation) that have produced loaded coins. They have one or more of the following: they have public sites and visible businesses, they have a track record of successful sales and friendships with other trusted makers, they have introduced themselves and built up trust in several communities. I've read everything you have posted so far and I cannot figure out if you are intentionally being non-descriptive about who you are, who your team is, why you are doing this, and where you live or if you somehow think being transparent does not matter. It's quite perplexing. I want to lean in and be a customer, but selling loaded coins right out of the gate without any explanation of your work is wild to me. 0.01 Btc is a pretty decent investment for most.

I encourage you to read the very first thread of this forum. It is a multi-page list of all the coin creators that have scammed people.


Beware of scammers. I will never discuss the sale of Collectibles on Telegram or any other messaging client outside the forum.
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raritycheck (OP)
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June 05, 2021, 09:38:43 AM
 #22

RealityCheck

I know who the coin-makers are (not personally, but by reputation) that have produced loaded coins. They have one or more of the following: they have public sites and visible businesses, they have a track record of successful sales and friendships with other trusted makers, they have introduced themselves and built up trust in several communities. I've read everything you have posted so far and I cannot figure out if you are intentionally being non-descriptive about who you are, who your team is, why you are doing this, and where you live or if you somehow think being transparent does not matter. It's quite perplexing. I want to lean in and be a customer, but selling loaded coins right out of the gate without any explanation of your work is wild to me. 0.01 Btc is a pretty decent investment for most.

I encourage you to read the very first thread of this forum. It is a multi-page list of all the coin creators that have scammed people.



Hey

How are you?

Not sure what do you mean, please. Are you saying that you know the minting company?
We want to be as transparent as possible. Please tell us, what exactly should we make more transparent?

About us: We are a small team (from design, economics and software backgrounds).
Coins were minted in EU. Total mintage was 75 coins (25 gilded and 50 silvers).  All will be loaded. We are based in Europe. Design was created using multiple designers (from freelance websites to finally by minting company).
Coins will be loaded using a single use PC and Printer.
We are doing this because we want to spread our love for BTC. Create beautiful collectible coins and provide value for the collectors.
Also, provide a memorabilia.
We have started with a small mintage and if all goes well, we will produce more coins.
Price has not been set yet, because
1. we are completing a website for coin catalogue (for all coins)
2. we also want to add some surprise goodies with some of the coins (Gilded with low numbers) and also, want to keep it fair for all.

Please let us know, if any more transparency is required Smiley

We will use escrows for any purchases  and everything Smiley


Thanks
Team RC
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June 06, 2021, 12:00:59 AM
 #23

RealityCheck

I know who the coin-makers are (not personally, but by reputation) that have produced loaded coins. They have one or more of the following: they have public sites and visible businesses, they have a track record of successful sales and friendships with other trusted makers, they have introduced themselves and built up trust in several communities. I've read everything you have posted so far and I cannot figure out if you are intentionally being non-descriptive about who you are, who your team is, why you are doing this, and where you live or if you somehow think being transparent does not matter. It's quite perplexing. I want to lean in and be a customer, but selling loaded coins right out of the gate without any explanation of your work is wild to me. 0.01 Btc is a pretty decent investment for most.

I encourage you to read the very first thread of this forum. It is a multi-page list of all the coin creators that have scammed people.



Hey

How are you?

Not sure what do you mean, please. Are you saying that you know the minting company?
We want to be as transparent as possible. Please tell us, what exactly should we make more transparent?

About us: We are a small team (from design, economics and software backgrounds).
Coins were minted in EU. Total mintage was 75 coins (25 gilded and 50 silvers).  All will be loaded. We are based in Europe. Design was created using multiple designers (from freelance websites to finally by minting company).
Coins will be loaded using a single use PC and Printer.
We are doing this because we want to spread our love for BTC. Create beautiful collectible coins and provide value for the collectors.
Also, provide a memorabilia.
We have started with a small mintage and if all goes well, we will produce more coins.
Price has not been set yet, because
1. we are completing a website for coin catalogue (for all coins)
2. we also want to add some surprise goodies with some of the coins (Gilded with low numbers) and also, want to keep it fair for all.

Please let us know, if any more transparency is required Smiley

We will use escrows for any purchases  and everything Smiley


Thanks
Team RC

Super helpful. Thank you.

Beware of scammers. I will never discuss the sale of Collectibles on Telegram or any other messaging client outside the forum.
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June 06, 2021, 10:27:58 AM
Merited by owlcatz (1)
 #24

Really guys, you have no clue what transparency and trust really is.

Talking about transmitting private keys across the internet, not disclosing who you are or in what jurisdiction you are abiding by does not inspire any confidence.

A loaded coin, or other unloaded cold storage wallet only has ANY value if the private keys are secret.

If you have made the keys, then the coins value 100% relies on your honesty.

If employees or anyone apart from yourself has ever seen any of the private keys then it relies on their honesty too, yet you are not giving details as to how the keys were treated so we do not know that.

The computer used to generate the keys, was it air-gapped Or are you not saying?

The hard disk containing the keys, you need to ensure this can never be accessed, its not enough to delete the disk, or throw it out, the data remains on the disk and can potentially be harvested. It needs to be destroyed.

Were the keys transmitted to be printed by wifi?  Was the printing device cabled or wifi?

These (at least) are all the hurdles you need to jump through, and then you need to stand up and say you have done all this and will take responsibility for the secrecy.

The point is that the ONLY value such a coin has is through your good name printed on it, and unless you have gone to some trouble to establish this showing good processes and limited spread of information, its quite worthless, a scam even if your personal intentions were good.  Its the secrecy that gives the value, not you nievely saying you have funded the coin.

Were the private keys kept under lock and key before they were applied? If anyone saw these, then the value is lost and you need to prove that no-one did. Sending them to escrow is a crazy crazy idea, the tamperproof holigram needs to be active before you send them anywhere!

Having produced and sold cold storage wallets myself (Aka Bitcoin chocolate containing randomised bitcoin cash amounts) I have some familiarity with these concepts. But the master is Mike Caldwell, and there are many online accounts where he describes the lengths he went to to ensure that the keys remained secret and that no record either accidental or purposeful was ever kept of the keys to the coins he issued.

If your coin is to have value then you need to do the same.

Loaded coins are a great gift and a wonderful idea, but they need to be done right.


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June 06, 2021, 02:15:48 PM
 #25

UPDATE

Hey guys,

We did it. We have the coins.

Coins look absolutely beautiful

0.01 BTC - Gilt silver:
0.001 BTC - Plated silver:

Holo Stickers for private keys:

---------
Following all the suggestions, we are buying a one time only Printer for printing keys (wired) and one time use-only computer for creating keys.
We will keep you updated of the process.

Once completed, we will sell some coins on first come first basis and some with auction. Looking forward to your comments and suggestions


Thanks


Team RC

what about the intellectual property (IP) rights registration number to a DC character....   or am I being a stick in the mud  Grin
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June 06, 2021, 02:20:08 PM
 #26

UPDATE

Hey guys,

We did it. We have the coins.

Coins look absolutely beautiful

0.01 BTC - Gilt silver:
0.001 BTC - Plated silver:

Holo Stickers for private keys:

---------
Following all the suggestions, we are buying a one time only Printer for printing keys (wired) and one time use-only computer for creating keys.
We will keep you updated of the process.

Once completed, we will sell some coins on first come first basis and some with auction. Looking forward to your comments and suggestions


Thanks


Team RC

what about the intellectual property (IP) rights to a DC character....   or am I being a stick in the mud  Grin

A good question, logically I think it's a problem, but only if they come to him.

But for me the most important as said above by mintymark is the process of creating private keys, it is a meticulous process and not only during the creation.

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June 07, 2021, 04:21:41 AM
 #27

I will say this - coming from a person that creates physical items that use private keys I generate - it comes down to trust. Several months ago, I had a partner I thought I could trust. We set up an airgapped system to generate the keys. The keys would be generated on screen, converted to QR code and then printed - the CLI that showed the keys would be closed after each generation. No file was created or generated to save/store the keys. Once printed they were to be applied immediately to the item. He did several for his own customers. I left that as his responsibility and had him generate me almost 2 dozen addresses (1 for myself and the rest for my 8 children and 12 grandchildren) One day, as I sat and drank my coffee - a program I use that has all addresses I use and those of my children/grandchildren loaded as "watch only" addresses started showing all the addresses he generated for me to empty out.

I first thought he took the funds - in the end, it was that he found our system too slow - and he used an online vanitygen to create the keys - well, the owner of said site decided to on that morning drain several thousand accounts of their funds - of which involved all of my children/grandchildren and my business account.

I was fortunate that he had not done any customers of mine.

Needless to say - he is no longer a partner of mine. And I will trust no one to generate keys for me in the future. There is too much to risk both personally, financially and with reputation.

so as was said above, each link in the chain is a chance for the process to break. If you save the files, the HD is a weak link, if you print them there is risk of someone copying/viewing them. If you trust someone else to do it, you have no guarantee that they did not fuck it up.

If you are going to expect us to accept your word on the issue, then you need to - in the very least - be there for all steps of that private key generation, never letting them out of your eyes, not even for a second.

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June 07, 2021, 02:34:13 PM
 #28

I will say this - coming from a person that creates physical items that use private keys I generate - it comes down to trust. Several months ago, I had a partner I thought I could trust. We set up an airgapped system to generate the keys. The keys would be generated on screen, converted to QR code and then printed - the CLI that showed the keys would be closed after each generation. No file was created or generated to save/store the keys. Once printed they were to be applied immediately to the item. He did several for his own customers. I left that as his responsibility and had him generate me almost 2 dozen addresses (1 for myself and the rest for my 8 children and 12 grandchildren) One day, as I sat and drank my coffee - a program I use that has all addresses I use and those of my children/grandchildren loaded as "watch only" addresses started showing all the addresses he generated for me to empty out.

I first thought he took the funds - in the end, it was that he found our system too slow - and he used an online vanitygen to create the keys - well, the owner of said site decided to on that morning drain several thousand accounts of their funds - of which involved all of my children/grandchildren and my business account.

I was fortunate that he had not done any customers of mine.

Needless to say - he is no longer a partner of mine. And I will trust no one to generate keys for me in the future. There is too much to risk both personally, financially and with reputation.

so as was said above, each link in the chain is a chance for the process to break. If you save the files, the HD is a weak link, if you print them there is risk of someone copying/viewing them. If you trust someone else to do it, you have no guarantee that they did not fuck it up.

If you are going to expect us to accept your word on the issue, then you need to - in the very least - be there for all steps of that private key generation, never letting them out of your eyes, not even for a second.

first off .... 12 Grandchildren Wow !

second... hope that loss wasn't to big and thanks for the tips !

Maybe generating addresses the same way the company that made the satori chips is the way which I think was all by machines but yes it comes down to trust again. 
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June 12, 2021, 12:46:41 AM
 #29

Hello everyone!

Final update on this thread!!  Smiley Smiley

First of all, we thank everyone in this community for guiding and clarifying everything and helping in every step.
  • Private keys were generated with a single use PC (air gapped) and single use Printer (using cable) by a single person. No backups. Just a single printed sheet of paper.
  • Laser jet printer was used and printing was done on TerraSlate water proof paper(thank you for the tip)
  • Private keys were stuck on the coins with the holographic security sticker (one-time peelable)


Here we are showing a single coin being peeled .
(Not sure what to do with the coin in the video as it has already been used!! any suggestions please?)

This is it guys!! We have done it!! With all of yours help!!  Smiley Smiley  Cool Cool Cool Cool

Next steps are:
 1. Setup a website with the addresses (Website is ready, need to have a dedicated suburl)
 2. Create a bitcointalk(only selling on bitcointalk, initially) post that will include coin quantities, prices and few surprise goodies for early orders.
 3. Take orders and start shipping.


Also, few members have tried contacting already for buying, we will keep this fair to all and only take orders after the post stated on point 2 above has been published.
Once again, thank you for all the help guys!! Love you so much!!!  It's actually been a long hard journey and still a part of it to be covered. Cheesy  Cheesy


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June 12, 2021, 01:54:12 AM
 #30

Hello everyone!

Final update on this thread!!  Smiley Smiley

First of all, we thank everyone in this community for guiding and clarifying everything and helping in every step.
  • Private keys were generated with a single use PC (air gapped) and single use Printer (using cable) by a single person. No backups. Just a single printed sheet of paper.
  • Laser jet printer was used and printing was done on TerraSlate water proof paper(thank you for the tip)
  • Private keys were stuck on the coins with the holographic security sticker (one-time peelable)


Here we are showing a single coin being peeled .
(Not sure what to do with the coin in the video as it has already been used!! any suggestions please?)

This is it guys!! We have done it!! With all of yours help!!  Smiley Smiley  Cool Cool Cool Cool

Next steps are:
 1. Setup a website with the addresses (Website is ready, need to have a dedicated suburl)
 2. Create a bitcointalk(only selling on bitcointalk, initially) post that will include coin quantities, prices and few surprise goodies for early orders.
 3. Take orders and start shipping.


Also, few members have tried contacting already for buying, we will keep this fair to all and only take orders after the post stated on point 2 above has been published.
Once again, thank you for all the help guys!! Love you so much!!!  It's actually been a long hard journey and still a part of it to be covered. Cheesy  Cheesy




Nice work man; you were able to quickly take everyones suggestions and put them to work!
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June 14, 2021, 10:42:18 AM
 #31

I like the coin, i don't mind the property rights, but... I don't trust myself generating a private key i always say they should be created off-line with enough entropy and then all the devices used smashed into trash. I think if you provide the holos and leave them as buyer-funded would be a better option for all parties, and perhaps less work. Good luck with the enterprise anyhow and think about making a buyer-funded option in the future.

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June 18, 2021, 08:52:51 PM
 #32

Sent a message via PM over a week ago. Do you all reply via pm?
raritycheck (OP)
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June 19, 2021, 02:45:07 AM
 #33

Sent a message via PM over a week ago. Do you all reply via pm?


Hi

Please check the post: https://bitcointalk.org/index.php?topic=5344614
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