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Author Topic: $3.20 in one big buy?  (Read 5441 times)
cypherdoc
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December 11, 2011, 08:00:41 PM
 #81


interesting.  so "opened" means the owner ripped open the hologram and moved the btc to another address which theoretically prevents you from "stealing" the coins?

1/3 of 100btc gold bar holders did this and the only 1000btc gold bar buyer did this...

edit:  seems like this would detract from the resale value over time.
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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December 11, 2011, 08:05:31 PM
 #82

interesting.  so "opened" means the owner ripped open the hologram and moved the btc to another address which theoretically prevents you from "stealing" the coins?

1/3 of 100btc gold bar holders did this and the only 1000btc gold bar buyer did this...

edit:  seems like this would detract from the resale value over time.

This is happening because those bars are getting sold at MemoryDealers as a way for people to buy BTC with credit cards and paypal.

Some non-tech people just don't mind paying 15-20% extra for the simplicity of not having to bother with Dwolla, exchanges, downloading the client and blockchain, backing up their wallet, etc., I guess.

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.
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December 11, 2011, 08:59:47 PM
 #83

interesting.  so "opened" means the owner ripped open the hologram and moved the btc to another address which theoretically prevents you from "stealing" the coins?

1/3 of 100btc gold bar holders did this and the only 1000btc gold bar buyer did this...

edit:  seems like this would detract from the resale value over time.

This is happening because those bars are getting sold at MemoryDealers as a way for people to buy BTC with credit cards and paypal.

Some non-tech people just don't mind paying 15-20% extra for the simplicity of not having to bother with Dwolla, exchanges, downloading the client and blockchain, backing up their wallet, etc., I guess.

the reason buyers of these bars are cracking them open to tx to their own privately generated addresses at a higher frequency for the higher denominated bars is b/c there are larger amounts at stake if in case you happen to be a criminal, which you're not.

i just find it interesting b/c of the one's i've bought i've kept them all intact as a way to preserve their collectors value just in case i sell them for a higher price at a later date.  i've convinced myself you will not steal their bitcoin value.  if they are cracked open i believe they will sell for less than ones not opened.
Raize
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December 12, 2011, 04:52:24 AM
 #84

Casascius,
I would highly recommend not updating the list with the new wallet addresses PRIOR to purchasing the BTC.

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December 12, 2011, 06:34:20 AM
 #85

Casascius,
I would highly recommend not updating the list with the new wallet addresses PRIOR to purchasing the BTC.

Any particular reason why?

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.
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