NEW Satori Coins Gi Collection

[AG0RA]

NEW Satori Coin Gi Collection has been dropped

Coins #0001 and #0002 are up for bids now on https://scarce.city/collections/satori-coin-gi-collection already 8x and 3x respectively over the loaded value. Thoughts?

[Rymaster]

Those were actually the winning bids as they already sold.


I’m curious which denomination this coin will come in. From a video interview on YouTube - a Satori rep said “many variations” will be available and general price of “$300 USD + load”.

[AG0RA]

In the pictures I can see that they have 0.01 denomination. Not sure will be all 3000 coins with the same denomination, could be?

[Rymaster]

Why are you saying 3,000 coins? Has this been disclosed already as the full amount they are releasing?

[dArkjON]

Why are you saying 3,000 coins? Has this been disclosed already as the full amount they are releasing?

0.01 is the Loading for the Gi Series and in the FAQ is written they will mint maximum off 3000 coins.

Here is any Details - https://satoricoin.com/products/gi

[henkcryptotank]

Yeh it  on their site!

GrtzTnk

[AG0RA]

0.01 is the Loading for the Gi Series and in the FAQ is written they will mint maximum off 3000 coins.
Here is any Details - https://satoricoin.com/products/gi

Thanks forgot to link their website  https://satoricoin.com/

[MrDipBuyer]

I bought #6 if anyone wants to make an offer.

[timbodine]

Anyone wanna by one for this American pleb? Ill pay a fee

[MoparMiningLLC]

let me know how that secondary market works since the initial buyer potentially has both multisig keys. and if not, they will always have at least one.

[henkcryptotank]

General Sale starts 26th of sept.

Now only testers can buy.


GrtzTnk

[MrDipBuyer]

Anyone wanna by one for this American pleb? Ill pay a fee

Like I said, I won #6 on scarce.city and I am getting more. Let me know what you want.

[guy369]

Website states “ designed to store 0.01 BTC inside”

Does that mean it comes unfunded?

[henkcryptotank]

Website states “ designed to store 0.01 BTC inside”

Does that mean it comes unfunded?

Yes

[bitbollo]

No. At least for tester option actually... It seems these are sold loaded

...
Does that mean it comes unfunded?

When I tried to buy, the amount updated with loading and not just with cost of single unit (3++ USD) shipment and insurance.
If I am not wrong, it could be possible to purchase only with bitcoin and not other shitcoin&fiat sorcery 100% bitcoin only!

[MrDipBuyer]

let me know how that secondary market works since the initial buyer potentially has both multisig keys. and if not, they will always have at least one.

Works for me, I have five offers. Seems many people don't care about the security factor.

[bitbollo]

There are no security issues for that, This is a new concept for loading coins.
Please note that without redeem kit it would become impossible to redeem... since they can know only one key!

let me know how that secondary market works since the initial buyer potentially has both multisig keys. and if not, they will always have at least one.

It should be a multisig, the other key is under holos.
https://bitcointalk.org/index.php?topic=5536713.msg65503148#msg65503148

2-of-2 multisig:
Key 1 in physical coin, known by you and Satori Club
Key 2 on Redeem Kit PDF, known only to you

As other update, It should be possible to load the coin once received (like the tester process...) .In case there is an issue during shipment you don't waste loading amount.

[MoparMiningLLC]

There are no security issues for that, This is a new concept for loading coins.
Please note that without redeem kit it would become impossible to redeem... since they can know only one key!

let me know how that secondary market works since the initial buyer potentially has both multisig keys. and if not, they will always have at least one.

It should be a multisig, the other key is under holos.
https://bitcointalk.org/index.php?topic=5536713.msg65503148#msg65503148

2-of-2 multisig:
Key 1 in physical coin, known by you and Satori Club
Key 2 on Redeem Kit PDF, known only to you

As other update, It should be possible to load the coin once received (like the tester process...) .In case there is an issue during shipment you don't waste loading amount.

yes a multisig where the buyer knows 1/2 of the key to get funds - so a secondary buyer has to be aware that the previous owner has half the necessary key - also has to be certain that the half they get from the previous buyer is valid. and then you have to store that half until you redeem.

It is a poor concept and a bad way to do it. and as for the 2nd half - Satori stores it off the chip as well - how do we know this? because if they chip is lost in transit, they provide the initial buyer the 2nd half so that the buyer can sweep the funds without even having the chip in their possession.

Again - this is a bad design and a bad idea. but the fomo is real and people are going to spend/waste their money buying it and hoping they can sell it for a profit - this is less and less about Bitcoin and more and more about greed and making fiat profits.

[CasBrowser]

Heritage has four loaded Gi's lined up in their November auction.

[MoparMiningLLC]

Heritage has four loaded Gi's lined up in their November auction.

are those from the scarce auction? flippers already flipped em? insane.