BitAddict
Legendary
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Activity: 1190
Merit: 1001
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November 27, 2013, 09:03:01 AM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. WoW. Congrats! I think is hard to say byebye to that beauty  |
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BitcoinFr34k
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November 27, 2013, 10:41:49 AM |
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Wow that's pretty damn awesome Goat. Congratulations, throw yourself a party! :p
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wachtwoord
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Activity: 2338
Merit: 1136
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November 27, 2013, 10:44:52 AM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. Indeed, pretty decent investment  The more important question though: where did you park the $1m in value? |
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bitcoinpsftp
Member
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Activity: 84
Merit: 10
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November 27, 2013, 11:38:12 AM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. Indeed, pretty decent investment The more important question though: where did you park the $1m in value? DONT answer this hahaha. 4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault. And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards. Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today! |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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November 27, 2013, 12:45:19 PM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. Indeed, pretty decent investment The more important question though: where did you park the $1m in value? DONT answer this hahaha. 4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault. And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards. Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today! Goat might have started a "country" by then (or w/e qualifies as such then). |
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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November 27, 2013, 04:34:19 PM |
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I just would have kept that purchase secret and enjoy my coin...
It is such a fascinating coin, worth more than 1 million USD !!!
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tinus42
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November 28, 2013, 03:42:55 PM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value? Even the 1 BTC brass coins sell at a 40% premium. |
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klondike_bar
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Activity: 2128
Merit: 1005
ASIC Wannabe
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December 12, 2013, 01:55:19 PM |
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kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.
no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless. How much did you sell it for? How did you find a buyer? $1,000,000 he contacted me. No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value? Even the 1 BTC brass coins sell at a 40% premium. there was a premium. btc was not $1000 at the time. unless you sold when btc was under <$800 (why!?)m i would have assumed the 1000BTC bar to easily fetch >1300BTC from the right buyer. |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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December 14, 2013, 05:06:27 PM |
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the price was set around this time yes.
also i doubt there were too many people willing to pay $250,000 for a coin. maybe but i don't happen to know them. im happy with what we got for it but i do miss the coin. it was my favorite possession but with my travel i was not able to watch over and protect it.
No kidding, if I'd own a coin worth a quarter mill it would be my favorite fucking possession too. |
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casascius (OP)
Mike Caldwell
VIP
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Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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December 14, 2013, 06:15:04 PM |
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Fwiw I think Goat got the very first gold coin I ever completed
It may have not been the first funded but was the first prototype.
When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.
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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 or hardware wallets instead.
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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December 14, 2013, 06:59:28 PM |
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Fwiw I think Goat got the very first gold coin I ever completed
It may have not been the first funded but was the first prototype.
When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.
I told the new buyer this story and glad you confirmed it. At times i wish i did not sell it but with my travel im not sure i could have kept it safe. Thanks mike for making some epic stuff! And good luck on dealing with those idiotic regulating agencies giving you grief. |
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psyclon
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December 15, 2013, 08:01:03 AM |
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I thought trading BTC was illegal in prathet thai since earlier this year.
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psyclon
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December 17, 2013, 09:25:00 PM |
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I thought trading BTC was illegal in prathet thai since earlier this year.
Bitcoin is legal in thailand. Just like gold is legal. that is true as you say it, however, according to this article here https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/ it is not legal to Buying Bitcoins
Selling Bitcoins
Buying any goods or services in exchange for Bitcoins
Selling any goods or services for Bitcoins
Sending Bitcoins to anyone located outside of Thailand
Receiving Bitcoins from anyone located outside of Thailand
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taltamir
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December 18, 2013, 12:47:50 AM |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
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dopey
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December 20, 2013, 12:46:32 AM |
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Very cool man, great job.
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taltamir
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December 20, 2013, 03:04:04 AM |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
He was supposedly counterfeiting US dollars. That is not all what is going on here. No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar". Even though it looked nothing like dollar coins, and was made of gold |
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taltamir
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December 20, 2013, 03:07:28 AM |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
He was supposedly counterfeiting US dollars. That is not all what is going on here. No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar" you do not know what you are talking about. trust me, this is not the same issue. They accused him of everything from counterfeiting to terrorism. |
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stslimited
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December 20, 2013, 04:24:24 AM |
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Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
He was supposedly counterfeiting US dollars. That is not all what is going on here. No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar" you do not know what you are talking about. trust me, this is not the same issue. They accused him of everything from counterfeiting to terrorism. You don't know what you are talking about. This is Fincen stretching their jurisdiction pretty far to see what happens. This is a completely new interpretation of federal Money Transmitter laws at play here in regard to cascascius coins |
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Campsis
Member
Offline
Activity: 112
Merit: 10
WW3
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September 19, 2014, 07:12:05 PM |
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This coin is now 400k $ lol
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