I agree with krogoth. I would treat these like any other loaded collectible. I don’t see why it should be treated different just because it is on art and not a coin or token.
You should peel it if you don’t trust the maker, there is an indication that the private keys are compromised, or if you need the BTC. If you don’t plan on selling the art and are simply going to frame them for yourself AND you don’t feel comfortable with the BTC on the art, then peel, frame and be happy. Of course resale for peeled will be less, but I’m not sure you would get the same value for an
overloaded item either. If the load value is the face value I would think you are still “OK” so to speak.
I've either left them unfunded or funded with minimal amounts; lately that amount has been 0.001BTC. Many thanks to Owlcatz for bringing this to my attention some months back -it seems most collectors prefer funded works - not "a lot" of BTC but some, for whatever reason.
I know there are different opinions regarding loading unloaded collectibles. Some are in favor of loading the face value, others prefer them unloaded in the original state. I’m somewhere in between depending on the load value and the trust in the maker. Loading trusted collectibles for some is a good way to hodl and not spend as it would require peeling. What I do know is that I personally do not like “dusted” items. Not sure why someone would load a trivial amount that is different than the face value or value on a COA etc. I simply don’t understand the potential benefit of locking up small amounts other than for the novelty of sending a transaction to your item. Interestingly, I think some of my Cryptoart pieces do have some trivial amounts loaded, sent directly by TF after I purchased, but I personally did not further fund any of my Cryptoart prints. Probably different opinions, but thats my 2 stats.
Curious to see what others think.
Geo
