Interesting coin and idea a ran across on Twitter

[rsincognito]

I like the idea of “backed by bitcoin” are there any other coins out there that come to mind that use a phrase like that on their coins?  Thank you all

Link to coin: https://twitter.com/kanutotakumi/status/1908552966350528539?s=46

[krogothmanhattan]

  Thanks for sharing...interesting concept.....was expecting a holo in the back 

  Would love to own a coin like that in 24k Gold with a holo and priv key in the back.

[Kazkaz27]

Cool find!

This is up my alley. 🙌

I could make these type coins. But idk what system would be in place to back them with BTC legitimatly (other than turning it into a Physical Bitcoin). I could build them and put a hologram on it.

Krog, I might be able to do a gold one for ya. I think my mint has US coin dyes (might be able to throw a Gold in it). Then id laser the rest. Replace the back (or front technically) with a indent for the keys and hologram. I'm gonna see if they have a quarter dye. It wouldn't be exactly like this unless a dye was made specifically for it.

Its Funny that if you loaded this with $1 of BTC you wouldn't be able to redeem it. The transaction fee wouldn’t allow it.

[bitcoin_heysoos]

You would not be able to put “dollar” on the coin or would get in trouble by FBI/Secret Service like how NORFED ran into problems

[Kazkaz27]

You would not be able to put “dollar” on the coin or would get in trouble by FBI/Secret Service like how NORFED ran into problems

The Hobbyist Act, I believe, would allow anyone to legally make such a coin. It’s the same law that allows someone to overstrike a U.S. coin. I can certainly see your point, though. It probably screams competition to the dollar and the Feds. That's kind of a joke, though, unless one were capable of minting millions of these coins to actually compete with the dollar (along with some other reasons). To my knowledge, the guy who created Norfeds and got into all that trouble won the main cases against the government. It was a pivotal time. Around the same time, Mike Caldwell shut down operations while the Norfed guy was fighting the government tooth and nail.

[bitcoin_heysoos]

The norfed guy was found guilty though

[MoparMiningLLC]

I talked to the guy who made this coin, he said it took him too long to make and is not planning on making more. I am trying to encourage him to do so though