[WTS] 5oz .999 Silver NastyFans Minted Seats

[owlcatz]

There's 30,000 possible active seats (shares) available in total in the "fund".

If the fund is able to raise 30,000 Satoshi, each seat would get a dividend payback of 1 Satoshi.

I should correct this.  25% of BTC raised is distributed to NastyMining for future equipment purchases.  So NastyFans would have to raise 40,000 satoshis in order for each seat to receive 1 satoshi.

edit - thanks for the good explanations, both of you!

So here's a possibly dumb question. Are the 30k shares already "purchased", and if not, do the ones not purchased (yet) accumulate BTC?

Or is there an "Active" number of shares in existence so far you can share? I get the concept now, I just don't get how the distribution works in terms of how many seats are purchased.

Final question. Once I get this coin, can I buy more seats and "point" it to this coins address, thereby making it a "six-seat" coin etc etc? (I know i can send more BTC to it myself, but just curious about that aspect - I did notice "seats" are not cheap (imo), so I was happy to see this coin is already going to pay for itself pretty fast..

thanks! Can't wait to see this beauty for real!

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[OgNasty]

So here's a possibly dumb question. Are the 30k shares already "purchased", and if not, do the ones not purchased (yet) accumulate BTC?

Or is there an "Active" number of shares in existence so far you can share? I get the concept now, I just don't get how the distribution works in terms of how many seats are purchased.

Final question. Once I get this coin, can I buy more seats and "point" it to this coins address, thereby making it a "six-seat" coin etc etc? (I know i can send more BTC to it myself, but just curious about that aspect - I did notice "seats" are not cheap at all, so I was happy to see this coin is already going to pay for itself pretty fast..

The 30k seats were all in circulation as of October of 2014.  Members that disappear and are placed on probation or members that do not list a btc address are not included in the active seat count.  On the Nasty thread we have the below image that updates with the current number of seats participating in the distributions as well as lots of other automatically updating statistics.

SEATS ACCEPTING DONATIONS:


There is nothing stopping you from buying as many seats as you want and pointing their distributions to your coin.  You could even just send BTC to the coin directly.  If you look at the NastyFans Minted Seat Analyzer's Top 10, you can see that there are folks with 1 seat coins who have more than 1 BTC on them.

[owlcatz]

So here's a possibly dumb question. Are the 30k shares already "purchased", and if not, do the ones not purchased (yet) accumulate BTC?

Or is there an "Active" number of shares in existence so far you can share? I get the concept now, I just don't get how the distribution works in terms of how many seats are purchased.

Final question. Once I get this coin, can I buy more seats and "point" it to this coins address, thereby making it a "six-seat" coin etc etc? (I know i can send more BTC to it myself, but just curious about that aspect - I did notice "seats" are not cheap at all, so I was happy to see this coin is already going to pay for itself pretty fast..

The 30k seats were all in circulation as of October of 2014.  Members that disappear and are placed on probation or members that do not list a btc address are not included in the active seat count.  On the Nasty thread we have the below image that updates with the current number of seats participating in the distributions as well as lots of other automatically updating statistics.

SEATS ACCEPTING DONATIONS:


There is nothing stopping you from buying as many seats as you want and pointing their distributions to your coin.  You could even just send BTC to the coin directly.  If you look at the NastyFans Minted Seat Analyzer's Top 10, you can see that there are folks with 1 seat coins who have more than 1 BTC on them.

Wow, thanks. You have really hit upon something truly unique and amazing, I am really psyched now!

Sorry I missed that stuff in the main thread, I was reading more about the news and history tbh!   

Cheers!

[TheAnalogKid]

There's 30,000 possible active seats (shares) available in total in the "fund".

If the fund is able to raise 30,000 Satoshi, each seat would get a dividend payback of 1 Satoshi.

I should correct this.  25% of BTC raised is distributed to NastyMining for future equipment purchases.  So NastyFans would have to raise 40,000 satoshis in order for each seat to receive 1 satoshi.

Oooh, good clarification.  I'll amend my blurb in case I use it again.

Also, owlcatz, I do exactly what you were asking about - pointing multiple seats' worth of donations to a single coin. 

Since it's publicly viewable info anyways...

http://nastyfans.uberbills.com/?page=owners&name=TheAnalogKid

I own 5 of the minted 1oz rounds, but I also own 299 additional online seats.  4 of the coins I funded with 0.1BTC on my own.  The first coin in the list (3Jpa) however, was not funded with anything extra - I only have the donation from all my seats pointed there (the 1 seat tied to that particular round and the 299 online ones).  The majority of those seats - 275 total - were purchased in April, so it's accumulated that balance in about 2 months, just to give you an idea of what it's been like recently.

[owlcatz]

There's 30,000 possible active seats (shares) available in total in the "fund".

If the fund is able to raise 30,000 Satoshi, each seat would get a dividend payback of 1 Satoshi.

I should correct this.  25% of BTC raised is distributed to NastyMining for future equipment purchases.  So NastyFans would have to raise 40,000 satoshis in order for each seat to receive 1 satoshi.

Oooh, good clarification.  I'll amend my blurb in case I use it again.

Also, owlcatz, I do exactly what you were asking about - pointing multiple seats' worth of donations to a single coin. 

Since it's publicly viewable info anyways...

http://nastyfans.uberbills.com/?page=owners&name=TheAnalogKid

I own 5 of the minted 1oz rounds, but I also own 299 additional online seats.  4 of the coins I funded with 0.1BTC on my own.  The first coin in the list (3Jpa) however, was not funded with anything extra - I only have the donation from all my seats pointed there (the 1 seat tied to that particular round and the 299 online ones).  The majority of those seats - 275 total - were purchased in April, so it's accumulated that balance in about 2 months, just to give you an idea of what it's been like recently.

Fantastic, that is really cool!   I see now the seats are not as expensive as I thought (I had an account on nastyfans that got deleted and i swore it said .5 btc per seat, so now I feel dumb seeing they are a lot cheaper in usd than i thought)!...

Thanks for sharing that, I appreciate it!

[snarlpill]

Fantastic, that is really cool!  I see now the seats are not as expensive as I thought (I had an account on nastyfans that got deleted and i swore it said .5 btc per seat, so now I feel dumb seeing they are a lot cheaper in usd than i thought)!...

Thanks for sharing that, I appreciate it!

I'm thinking seeing the seat price at 0.5 BTC you were mistaking the cost for a 1 oz. Silver Minted Seat coin for the price of a single (digital) NastyFans seat.

NastyFans is truly cool to be a part of though. Some good, open-minded people and I think the seats are a relatively stable long-term investment, in my opinion.

Edit: Plus NastyMining/NastyFans is one of the only mining & investment organizations that has been around for years in the Bitcoin world and never scammed or stolen from users. So I always feel my money is safe if I have it invested in NastyFans seats.

[monkeynuts]

I should also let everyone know. I have a few of the 1oz 1 seat coins. Just had 2 graded that have been given MS69 by ANACS .... So the quality of mint and assembly is also there

[OgNasty]

I should also let everyone know. I have a few of the 1oz 1 seat coins. Just had 2 graded that have been given MS69 by ANACS .... So the quality of mint and assembly is also there

That's awesome.  I haven't heard of anyone getting any of the minted seats graded before.  Be sure to post some pics.

[snarlpill]

Wow MS-69 is a very impressive grade, Congratulations. I would love to see some sweet pics of that too. I'm still looking to get a 1 oz. Minted Seat eventually myself.
TookDk told me ANACS is working to release a population list for all tokens soon. I'm very interested to see what the best grades are for each physical Bitcoin and Liberty Dollar that's been graded. No doubt your 1 oz. seats will be in the top grades for that coin.

[2weiX]

So all the "profit" from selling the coins, the merch etc is redistributed amongst all seat holders (less 25% obv)?

Hm.

I think this is a cool concept, but a bit of a circlejerk, who buys the gear if not owners of seats, only to get1/30000th of 75% of the margin as "cashback" of sorts?

[OgNasty]

So all the "profit" from selling the coins, the merch etc is redistributed amongst all seat holders (less 25% obv)?

Hm.

I think this is a cool concept, but a bit of a circlejerk, who buys the gear if not owners of seats, only to get1/30000th of 75% of the margin as "cashback" of sorts?

The 25% goes toward buying mining equipment that is operated free of charge to provide weekly distributions. Coin sales make up a small % of the distributions. If you take a look at the stats, you can see more than 500 BTC has been distributed to seats already, most of which was mined coins.

[nonnakip]

I think this is a cool concept, but a bit of a circlejerk, who buys the gear if not owners of seats, only to get1/30000th of 75% of the margin as "cashback" of sorts?

Do you know any other organization that offers silver coins with public and private keys engraved? And donations are sent to the Bitcoin address of those coins every week?

Minted seats are a amazing and unique concept. A miner in your pocket. Whether current nastyfans members or non-member Bitcoin/silver enthusiasts purchase them is irrelevant. The minted seats have merit on their own.

The fact that proceeds from minted seat sales are donated to nastyfans is a nice bonus for the fanclub and is something that me and all other nastyfans members very much appreciate.

[monkeynuts]

I should also let everyone know. I have a few of the 1oz 1 seat coins. Just had 2 graded that have been given MS69 by ANACS .... So the quality of mint and assembly is also there

That's awesome.  I haven't heard of anyone getting any of the minted seats graded before.  Be sure to post some pics.

4908292 and 4908293. ANACS imaged , just waiting for them to be made live on The ANACS website.

[2weiX]

I think this is a cool concept, but a bit of a circlejerk, who buys the gear if not owners of seats, only to get1/30000th of 75% of the margin as "cashback" of sorts?

Do you know any other organization that offers silver coins with public and private keys engraved? And donations are sent to the Bitcoin address of those coins every week?

Minted seats are a amazing and unique concept. A miner in your pocket. Whether current nastyfans members or non-member Bitcoin/silver enthusiasts purchase them is irrelevant. The minted seats have merit on their own.

The fact that proceeds from minted seat sales are donated to nastyfans is a nice bonus for the fanclub and is something that me and all other nastyfans members very much appreciate.

Hey, I wasn't trying to hate, just didn't get it at first without reading the whole shebang.

[OgNasty]

Hey, I wasn't trying to hate, just didn't get it at first without reading the whole shebang.

No worries.  We like questions.

I think this is my new favorite coin.  I am so anxious to get them shipped out so I can start hearing other opinions, this wait for plastic capsules is killing me.  Not sure why they weren't shipped with the coins.

[jdebunt]

I think this is my new favorite coin.  I am so anxious to get them shipped out so I can start hearing other opinions, this wait for plastic capsules is killing me.  Not sure why they weren't shipped with the coins.

Imagine how anxious all of us are

[MCHouston]

I think this is my new favorite coin.  I am so anxious to get them shipped out so I can start hearing other opinions, this wait for plastic capsules is killing me.  Not sure why they weren't shipped with the coins.

Imagine how anxious all of us are

Yup it is killing me.  I need more pics to hold me over in the mean time. lol

[OgNasty]

I should also let everyone know. I have a few of the 1oz 1 seat coins. Just had 2 graded that have been given MS69 by ANACS .... So the quality of mint and assembly is also there

That's awesome.  I haven't heard of anyone getting any of the minted seats graded before.  Be sure to post some pics.

4908292 and 4908293. ANACS imaged , just waiting for them to be made live on The ANACS website.

I am very curious about this.  We need to talk.  I'd love to get an example form filled out so that people can easily print them and fill in their shipping information to have their coins sent it.  I think it would be great if everyone used the same information with ANACS as I know I've seen some different naming formats on graded Casascius coins.  I'd also like to go through the process myself to see if I can offer to do this on behalf of buyers in the future, or perhaps even offer a one-time group grading option for these pre-orders?

[MCHouston]

I plan to send my coins off to PCGS for grading soon as they arrive.

[OgNasty]

I plan to send my coins off to PCGS for grading soon as they arrive.

I was under the impression that PCGS doesn't grade these types of coins.