[WTS] Mint condition Casascius Bitcoin for sale, starting at 1.5 BTC
I am selling a mint condition Casascius Bitcoin. This is a very rare piece, Casascius no longer sells them. The hologram on this Cascius Bitcoin has never been peeled off, and the 1 Bitcoin within it is still intact as can be seen on the blockchain https://blockchain.info/address/1CsDFTqAwvyBwgX4EQjoJeSsSq9cxH2KSe Here are the images of the front and back: http://i.imgur.com/fGokqPj.jpg http://i.imgur.com/1BAtrAH.jpg The starting bid is 1.5 BTC, which is an excellent deal for a mint condition Casascius Bitcoin. I will accept both Bitcoin and Dogecoin for this Casascius Bitcoin. Also I can accept western union and moneygram. I look forward to doing business with you! :)
I read through the FAQ and sidebar and this may be borderline. I dabbled in BTC for fun some years ago. Part of that was purchasing a 2013 Casascius coin... so yeah, it's a Bitcoin and Bitcoin Cash now. I feel uncomfortable having this in my desk drawer. I feel equally uncomfortable with sale options... aka Feebay or pawning it for pennies on the dollar. Here is the public address of my coin for verity: https://blockchain.info/address/13B4ZhGyarZVL8o24DNGsjwdRyjmWzN4dY A semi-old picture of it, not like it has changed: https://i.imgur.com/X462Okq.jpg I don't have the heart to break it open because the numismatist in me finds this coin to be beautiful and it should be maintained. But given the current values I feel like I'm at a dead end short of scammers. Who the hell would pay 5 figures for a coin, right? I'm open to any and all advice.
Some of my Silver Bitcoins for my First Reddit Thread
http://imgur.com/a/Oj31j Since BitcoinTalk is down, and I've been checking out /Silverbugs more lately, I figured I'd take a picture of some of my Silver Physical BTC as my first post on here. Also, I saw some Casascius pictures flipping through here and /PMsForSale and felt inspired. Plus I could always use another reason to bust out my coins and nerd out :) I have loads more physical Bitcoins and other cryptos, and some gold plated and silver plated, but these are the only solid .999 Silver Bitcoins I have at the moment (sadly). There are many, many more solid fine Silver (and Gold) physical BTC out there, and if anybody's interested in hunting/collecting them I could probably post a pretty damn comprehensive list to help you out. Some very common, some extremely rare with mintages as low as 25. Anyways, here's what's in my quick pictures, starting on the top row from left to right:
Silver Wallets Series 1
Silver Wallets Series 1 w/ Gold Trim L.E.
Cold Hard Cash Silver Bitcoin Specie (Caution if Collecting: 99% of these you will find on the internet/eBay are fake plated Chinese BS, the real deal is harder to come across)
Bottom Row, L-R:
Lealana 0.1 BTC Silver
NastyMining's 1g Nasty Pool round
NastyMining's 1g Nasty Fans round
I could have gotten better pics if I had set-up lighting or taken them out of their Airtites, but most have never left their capsules in my possession. Any scratches seen are on the capsules themselves. The last pic is just a nice close up of the security hologram on the Lealana BTC; the Lealana holo's are all amazing and have multiple depths depending on what angle they're looked at. Also for clarification, only the 2 Silver Wallets and the Lealana are truly capable of containing digital Bitcoin value, I just have not placed Private Keys and security holograms on the SW. The other 3 shown are just nice physical Bitcoin rounds. Anyways, many of you may already have seen these coins/rounds, I'm not sure, but I figured for those that hadn't it is always interesting to see unique Silver rounds as a fellow Silverbug. P.S.- I hope I don't F#ck up the formatting of this post as my first
I have a special 1 BTC 2011 S1 Casascius coin for sale. Of all my coins, it is the one in the best condition. I bought it in 2011, only ten days after it was minted: 15YZZSp4 It was a birthday present for my brother-in-law, a mathematician and numismatic. Now he wants to exchange it for 'real bitcoins' (which bears some irony..). The coin was in its protective case all the time, today was the only time since 2011 the case was opened for the photos. https://i.imgur.com/aGMcVyE.jpg The coin is in mint state. You can see mirror-like reflections here. https://i.imgur.com/YhFkmsN.jpg A good view of the surface. It was never cleaned, wiped, dusted or anything. https://i.imgur.com/L2jDjTH.jpg It is completely scratch free. https://i.imgur.com/9XhWVzg.jpg Hologram and printing in perfect condition. I must admit there's a spelling error, though. https://i.imgur.com/Ah4zisM.jpg I planned to have it ANACS graded, as it would score one of the top grades. They never replied to my inquiry, and I won't risk several coins without confirmation of full-value insured shipping internationally. I sell it for my brother-in-law, all is handled and decided by me bare the decision if the offered price is acceptable. Depending on who the buyer is, I will ship first or insist on payment first or an escrow. I can provide the exact date and name of who received the shipping from Mike, I got this coin the same day it arrived here. This might turn out as an incredible investment. The until-now highest graded coin, a first-day with MS-67 grade, sold for 50 bitcoins. Buy this one here, send it to ANACS, and it's market value might go up anywhere from two to ten times. Starting bid was 4.6 bitcoins. The deadline for bidding is Monday 11:59pm UTC. Current bid on Bitcointalk is 5.0 BTC. Ente
Selling some Physical Bitcoins & other cryptos! Fair Prices!
Verification and More Pictures Pictures of Lealana Brass, I forgot to add some to the main album Hey guys, I have a huge collection of physical Bitcoins & other physical cryptos, and I'm selling a few extras just to be able to buy 1 or more coins still on my "Wish List." I love all coins in general, but these are my favorite to collect followed by old world silver coinage & Norfed Liberty Dollars. I haven't sold much on Reddit yet, but I have a 100% positive feedback eBay account and also a lot of positive trust feedback on Bitcointalk.org. eBay Account and BitcoinTalk profile (click on "trust" to see feedback) Added some brief information about the coins in italics For Sale:
MicroSoul's original coins were minted in the UK. Low mintage, but not sure off the top of my head what the numbers were. They released a couple series and some in .999 fine silver.
2014 Crypto Imperator 10,000 DOGE - D9eAjTa6 - Funded - Normal Ed.$28SOLD
These coins came from Crypto Imperator in Spain. They have released these 10,000 Dogecoins made of brass- total mintage of 500, and did a limited run of only 25 coins in .999 fine silver containing it's face value of 100,000 Dogecoins, and are currently working on a run of only 10 .999 fine gold 1,000,000 Dogecoins. There are 5 left of 10, check here for more info. They also made 1 physical Bitcoin, all are very finely made beautiful coins. CI's coins are in no way related to the Silver bullion Dogecoin coins you may have seen.
2014 Crypto Imperator 10,000 DOGE - DTvpFRQp - Funded - Normal Ed. $28
2014 bhcoins Series 3 10 BitCents - 0397 - Gold & Silver-plated iron core - Limited Ed. comes with COA $20
bhcoins come from a pair in Argentina. They have released 4 different series in the past few years. These coins are from Series 3 and a mintage of only 200, with the first 20 reserved by the creators.
2014 bhcoins Series 3 10 BitCents - 0396 - Gold & Silver-plated iron core - Limited Ed. comes with COA $20
2014 Cryptolator Unchained Series Copper - #371 - 1EU6jEof - Limited Ed. comes with COAs $29
Cryptolator is based in Canada but minted at the esteemed Northwest Territorial Mint in Washington state. Their only design so far was the Unchained Series, minted in .999 fine silver, copper, Merlin Gold, antique copper, and antique brass. These copper coins listed are from a limited mintage of 500. The the coin is minted with proof-like quality and features the "Unchained Series" design, according to the maker: "The artist's design on the face of the coin represents us breaking free from the "chains that bind us" to the banks. In front of the bank, there is a pig and a dog sitting (the pig representing a banker & the dog a businessman), and the people running from the collapsing bank are considered as the sheep that are freeing themselves. This is a reference to the Pink Floyd album, Animals. The crying eye at the top of the bank is the Illuminati eye that is now closed and crying, the sad "pig" bankers who have lost from the liberating peer-to-peer money system that is Bitcoin."
2014 Cryptolator Unchained Series Copper - #367 - 1GVyHHei - Limited Ed. comes with COAs & Leatherette Display Case $33
2014 bhcoins Series 3 10 BitCents - 0280 - Graded MS-67 - Gold & Silver-plated iron core - Limited Ed. comes with COA Make Offer if interested
2013 Lealana 0.1 Brass - varying Serial #s - Green Address 76 5 left @ $20 per coin
Lealana is based in Hawaii but these coins were minted at the Northwest Territorial mint in Washington state. They are most known for their Lealana Litecoins, which were minted in silver and early followers after the trailblazing Casascius Bitcoins These Lealana coins are the "Buyer Funded" model, and do not contain or come with any digital Bitcoin value, but any amount of Bitcoin can be loaded onto them for cold storage. They have a unique Bitcoin address assigned to them with private key inside. In this case the denomination or face value of 0.1 Bitcoin is just a suggestion; any amount of BTC can be sent to the coins All coins are in mint condition (have never been handled) or the condition they were in coming from their maker. Not really in any hurry to sell these coins and don't need the money, so probably won't come down a ton on price, but can negotiate discounts if buying a few. I feel like these prices are pretty fair based off of current and past sales of similar coins. Payment Info: Will take payment in Bitcoin or PayPal Friends & Family (leave note line blank), and/or will accept PayPal G&S +3% from trusted members with positive feedback. Shipping Info: Free standard tracked shipping for US residents (this will be a small bubble mailer with First Class postage) or you can add $3 and I will bump you up to 2-Day Priority with a Small Flat Rate Box. Willing to ship nearly anywhere in the world. I will always try to ship for as fair a price as possible, so if you're outside the US and want to buy, ask for a quote and I will see what options we have. Will Ship Same Day Payment is Received 99% of the Time! Any Questions Just Ask! Thanks About Physical Bitcoins/other cryptos: In 2011 a man named Mike Caldwell, an avid supporter of cryptography and Bitcoin, had an idea to mint physical coins that could represent digital Bitcoin value in a more conventional way, so that more people would be able to conceptualize and understand this new digital cryptocurrency technology. He came up with a way to mint a physical coin that actually contained the digital Bitcoin value it represented. On one side of the coin, he had a recessed groove stamped into it. He then securely and safely generated new Bitcoin address public & private keys, printing the private keys (needed to spend the funds) and placing them in the recessed groove. He then had complex & layered tamper-evident holograms created to cover the private key, which served 2 purposes: 1- these complex holograms made it harder to ever create a believable counterfeit of his coins, and 2- when the holograms were peeled back exposing the private key needed to spend the funds, it left a honeycomb pattern behind, which would instantly tell someone considering buying one on the 2nd market whether the coin still contained its valuable BTC funds, or if it had been spent. He called his coins Casascius physical Bitcoins, and they proved to be very popular, with several different denominations and Series released over a couple years' time. Today these coins are highly valued & sought after collectors' items. Many individuals, groups, and companies followed suit in the years that followed, designing and minting their own physical crypto coins. And that's where we are today with these coins I have for sale. :) I tried my best to explain how physical Bitcoins work in a limited space, but it is hard to fully summarize such a topic in so few words, so if you have any questions just ask!
I was wondering if there have been any recent auctions of the Casascius 1BTC coin by genuine auction houses like Sotheby's or Christies, etc. I would like to know about the latest pricing. I have seen a couple of Casascius bitcoin auctions here on Reddit and similar sites, but they are all a bit old. the bitcoin price at the time of sale was generally much lower than today. A typical exit price was 1.3 BTC. As these auctions by forum are not proper auctions I am reluctant to draw an inference of the true value of a Casascius coin. I also see Ebay sales where "asking price" is anything up to 6 BTC. The Ebay sales were not auctions so we can't take those as a price guide. I did a serarch at Barnebys.com which is supposed to bring 1600 auction houses together into one place. Again no actual sales recorded. What's wrong? Don't genuine auction houses accept Casascius sales. Only a true public auction in a specialist coin auction would give me a feel for the current real value. Has anyone seen a Casascius sell in a proper non-Reddit auction?
[WTS] Physical Dogecoins from Spain that contain their Face Value of 10,000 DOGE! Only 500 Minted! Plus Shibanu Dogecoins from the EU <500 Minted!
EDIT: 10/9/15 - I have updated the listing as 2 of the coins have been Sold. There are still 3 of the Crypto Imperator 10,000 DOGE coins left that are truly some beautiful coins, and each contain their Face Value/Denomination of 10,000 Dogecoins, yet any amount can be sent to its address and the coin used as a secure cold storage wallet. Their holograms are Visually Stunning! Check my personal Limited Edition #95 CI 10,000 Dogecoin graded MS67 by ANACS in the photo album; it is a beautiful coin! It is the last 2 pictures; the very last pic is a duplicate and not the MS67. Verification and More Pictures (Sorry the verification date is a few days old; I took the pictures and planned on listing them but it was a pretty hectic week) Click for Full Size/Higher Resolution! Hey guys, I have a huge collection of physical Bitcoins & other physical cryptos (such as these physical Dogecoins), and I'm selling a few extras. I love all coins in general, but these are my favorite to collect closely followed by old world silver coinage & Norfed Liberty Dollars. Here is some of my feedback from Reddit sales Here is my eBay profile with 100% Feedback Here is my BitcoinTalk profile, where I have probably had the most dealings (Click on "Trust" to see Feedback) (4 3 Available) Crypto Imperator 10,000 Dogecoins, and some background info. below: Price per Crypto Imperator 10,000 Dogecoin -- $24 First coming out of Spain in 2014, the 10,000 Dogecoin Series were the first coins ever released by Crypto Imperator, now an established and respected manufacturer of physical crypto coins. With a very low mintage of only 500 coins, some excellent minting strikes, and beautifully complex security holograms, these coins were a hit from the start and quickly sold out. The first wallet-type physical Dogecoins ever minted, each coin contains its face value of 10,000 Dogecoins. The zinc-alloy 10,000 Dogecoin was first released in June 2014 and is 39mm in diameter with a thickness of 3mm. The denomination on the face of the coin is "10,000 DOGE", and each coin was funded with that amount of Dogecoins by the creator. An appealing yet complex tamper-evident security hologram covers the private key to a unique Dogecoin address containing the coin's funds. The coin can be funded with any amount of extra Dogecoin by the buyer if desired, and can be used as a secure cold storage Dogecoin wallet. If you are ever ready to spend the funds contained within the coin, simply peel the hologram off of the coin to reveal the private key, which you can then import into your Dogecoin wallet of choice (however this will probably reduce the value of the coin as a collectible). The obverse of the coin features a large centered portrait of a shiba inu dog, the dog breed famous for the "Doge" internet memes and the cryptocurrency Dogecoin. Next to the 'Shibe' is the word "Wow" written in the appropriately chosen font of 'Comic Sans'. Above the Doge portrait reads the slogan, "in shibes we trust", and on the bottom of the coin the denomination "10,000 DOGE" is stamped. On the coin's reverse is the manufacturer's name "CryptoImperator" across the top and its year of minting "2014" along the bottom, the two sets of writing separated by a beautiful floral print that goes up both sides like a vine. In the center of the coin the tamper-evident security hologram is placed, covering up the coin's private key. Crypto Imperator's hologram is one of the best; there are so many different layers in it and each has a different look depending on which angle it is viewed from (which is why I included so many different pictures). Among the different features that can be seen in the hologram are the words "Crypto Imperator Original", a rocket flying to the moon with the words "To The Moon" present, and a Roman-type figure above 2 pillars and the words "Crypto Imperator". In the center of the hologram a small window is cutout, showing the first 8 characters, or 'First Bits', of the coin's Dogecoin address. SOLD!(1 Available) Shibanu 50,000 Dogecoin (Un-Funded, DIY physical Dogecoin) and some background info. below: Price for the Shibanu Dogecoin -- $24SOLD! The very first coin released in September 2015 by Shibanu (a new physical crypto coin maker), the Shibanu 50,000 Dogecoin coin is a DIY physical Dogecoin. Each purchase includes 1 coin in a protective flip, and 1 tamper-evident security hologram (for placing a private key and assembling the coin if you choose to do so). This coin has a beautiful gold-plated finish that just shines and pictures do not do it justice. The Shibanu 50,000 DOGE coin was first released in early September 2015 and is 38mm in diameter with a thickness of 2.5mm, composed of Zinc Alloy with a beautiful and lustrous Gold-Plated finish. The recommended denomination on the face of the coin is 50,000 DOGE, but these coins are unfunded as they were originally sold, and any amount of Dogecoin can be loaded onto them if desired. They can be used as a secure cold storage Dogecoin wallet if you choose to print and place a private key and assemble the coin with one of the tamper-evident security holograms. Please note that these coins are sold unfunded, and do not contain or come with any actual digital Dogecoin value. If you are ever ready to spend the funds contained within the coin (if you've assembled & funded it), simply peel the hologram off of the coin to reveal the private key, which you can then import into your Dogecoin wallet of choice. (This concept can be confusing, just ask if you have any questions!) The obverse of the coin features the word "SHIBANU" stamped across the top, representing its maker, with "50000 DOGE" (representing its suggested denomination, or face value) stamped across the bottom. A large "D" is stamped into the center, with a Shiba Inu dog leaning on the top, which represents the Doge meme. To the left and right of the large "D" are the phrases "Multus Moneta" and "Multus Fortuna", which roughly translate from Latin to English as "Much Money" and "Much Fortune". The large "D" in the center also has an X pattern behind it, and those surfaces are smooth and shiny strikes, while the background has a nice contrasting textured strike. The reverse features the word "DOGECOIN" stamped across the top in an arched fashion with the year of issue "2015" stamped across the bottom. There is an indented circular area in the center on the reverse, where a private key can be placed and covered with the provided Shibanu tamper-evident security hologram, if you choose to assemble it and/or use it as a cold storage Dogecoin wallet. Shibanu's first holograms are very appealing on the eye with many different elements, layers, and colors, depending on which angle the coin is viewed from. They feature a repeating "SHIBANU" logo in the background with a dog's paw prints and a rocket heading to the moon in the center, which has a letter "D" and the maker's name "Shibanu". There is also a small window cut out in the center of the hologram so that the coin's "First Bits", or first 8 letters of a Dogecoin address, can be viewed to verify funds contained within. These coins are DIY (Do It Yourself) physical Dogecoins and as such are sold as unfunded kits containing 1 coin and 1 tamper-evident security hologram. The positive aspect of buying a DIY physical Dogecoin is that you don't have to trust anyone with the private keys to your Dogecoin addresses (and Dogecoin funds). With your coin, your wallet's security will be in your own hands if you choose to generate, print, and place a private key within your coin. The tamper-evident security holograms are designed in a way that if somebody gained access to your physical coin and pulled off the hologram to access your private key, it would be obvious it had been compromised due to a visible honeycomb pattern left across the back of your coin. It is your choice if you want to print a private key and assemble your coin, or leave it un-assembled as it is sold. If you need help or have any questions about generating and printing private keys for your coin, just let us know and we will send you some helpful resources and instructions. Payment Info.- Bitcoin and/or PayPal Friends & Family highly preferred at the moment (Please leave note/comment line blank if paying with PP F&F) but will also accept PP Goods & Services (add 3% to your total). Also, I almost forgot to add- I will also definitely accept Dogecoins as payment for these physical Dogecoins! Shipping Info.- $2.25 for basic, tracked shipping in the US via First Class Parcel (no matter if you buy 1 or all 5 coins); this will be extremely well-packaged in a bubble mailer and comes with tracking and delivery confirmation for free. If you want Priority 2-Day (which includes $50 insurance), just add $5 to your total. Always willing to ship international at cost, and can do so very affordably. PM if interested in buying overseas. Also- I package very securely & discretely, and drop off each package by hand- so once it's shipped you own it unless you want to pay extra for insurance. I will say though I have never had a package lost out of hundreds (knock on wood..) About Physical Bitcoins/other cryptos: In 2011 a man named Mike Caldwell, an avid supporter of cryptography and Bitcoin, had an idea to mint physical coins that could represent digital Bitcoin value in a more conventional way, so that more people would be able to conceptualize and understand this new digital cryptocurrency technology. He came up with a way to mint a physical coin that actually contained the digital Bitcoin value it represented. On one side of the coin, he had a recessed groove stamped into it. He then securely and safely generated new Bitcoin address public & private keys, printing the private keys (needed to spend the funds) and placing them in the recessed groove. He then had complex & layered tamper-evident holograms created to cover the private key, which served 2 purposes: 1- these complex holograms made it harder to ever create a believable counterfeit of his coins, and 2- when the holograms were peeled back exposing the private key needed to spend the funds, it left a honeycomb pattern behind, which would instantly tell someone considering buying one on the 2nd market whether the coin still contained its valuable BTC funds, or if it had been spent. He called his coins Casascius physical Bitcoins, and they proved to be very popular, with several different denominations and Series released over a couple years' time. Today these coins are highly valued & sought after collectors' items. Many individuals, groups, and companies followed suit in the years that followed, designing and minting their own physical crypto coins. And that's where we are today with these coins I have for sale. :) I tried my best to explain how physical Bitcoins/Dogecoins/etc. work in a limited space, but it is hard to fully summarize such a topic in so few words, so if you have any questions just ask! This can all sound so complicated and confusing to someone unfamiliar with Dogecoin/cryptocurrencies and how they work. If you have any questions about these coins or Dogecoin in general, please reach out to me via a message and I would be glad to help you out! Thanks for Reading!
[WTS] RavenBit Node Bronze physical Bitcoins - Comes w/ Airtite and Velvet Coin Pouch!
Hey everybody, I'm back with more physical Bitcoins to sell! Today I have 8 RavenBit Node Bronze physical Bitcoins for sale. Each coin is in Brand New condition and comes with a Direct Fit Airtite and velvet RavenBit coin pouch! These do not contain or come with any digital Bitcoin value, but any amount of Bitcoin can be loaded onto them for cold storage. They have a unique Bitcoin address assigned to them with private key inside. Each coin will come with its full Bitcoin address on a piece of paper so that you can send Bitcoin to your coin if you want. Proof and More Pictures Some of the pictures I had already re-sized and watermarked with my eBay username, so that's where "a_stackers_friend" came from on some of the pictures. Asking $27 per coin, US tracked shipping included! I'm selling these for higher in other places, you get it cheaper for a Reddit deal! Payment Info: Will take payment in Bitcoin or PayPal Friends & Family (leave note line blank), and/or will accept PayPal G&S +3% from trusted members with positive feedback. Shipping Info: Free standard tracked shipping for US residents! (this will be a small bubble mailer with First Class postage) or you can add $3 and I will bump you up to 2-Day Priority with a Small Flat Rate Box. Willing to ship nearly anywhere in the world. I will always try to ship for as fair a price as possible, so if you're outside the US and want to buy, ask for a quote and I will see what options we have. Will Ship Same Day Payment is Received 99% of the Time! Any Questions Just Ask! Thanks About Physical Bitcoins/other cryptos: In 2011 a man named Mike Caldwell, an avid supporter of cryptography and Bitcoin, had an idea to mint physical coins that could represent digital Bitcoin value in a more conventional way, so that more people would be able to conceptualize and understand this new digital crypto currency technology. He came up with a way to mint a physical coin that actually contained the digital Bitcoin value it represented. On one side of the coin, he had a recessed groove stamped into it. He then securely generated new Bitcoin address public & private keys, printing the private keys (needed to spend the funds) and placing them in the recessed groove. He then had complex & layered tamper-evident holograms created to cover the private key, which served 2 purposes: 1- these complex holograms made it harder to ever create a believable counterfeit of his coins, and 2- when the holograms were peeled back exposing the private key needed to spend the funds, it left a honeycomb pattern behind, which would instantly tell someone considering buying one on the 2nd market whether the coin still contained its valuable BTC funds, or if it had been spent. He called his coins Casascius physical Bitcoins, and they proved to be very popular, with several different denominations and Series released over a couple years' time. Today these coins are highly valued & sought after collectors' items. Many individuals, groups, and companies followed suit in the years that followed, designing and minting their own physical crypto coins. And that's where we are today with these coins I have for sale. :) I tried my best to explain how physical Bitcoins work in a limited space, but it is hard to fully summarize such a topic in so few words, so if you have any questions just ask!
Hello all! First and foremost, thank you to everyone who attended. The event drew about 35 unique people, with around 20 who stayed for the majority of the event. Bitcoins were trading between 88-95 BTC/CAD, in the midst of a great price difference on the major exchanges (Mt Gox vs CaVirtex, etc). Also for sale were a variety of Casascius coins and USB Block Eruptors. Great discussion was had by all and a few brave people took the plunge and bought their very first coins. All in all the event, the first of its kind in Toronto, turned out great! I was particularly impressed by a startup group who ventured all the way from Waterloo. Hats off to you guys. That being said, I personally will be away until September.13th for an epic road trip to Burning Man. In the meantime, I hope people will continue to come out to Nathan Phillips Square to keep Satoshi Square going. We briefly discussed making this an ‘every-two-weeks’ event, making the next one this coming Monday (Aug.12th). 5pm seemed like a pretty good time, with the peak attendance around 6:30pm. picture of the event
Wired recently reported that Mike Caldwell's Casascius Physical Bitcoin service was halted due to being categorized as "money transmission" business by FINCEN. Curious to learn more about the coins and why they were created, I prepared a short timeline from postings on the Bitcoin Forum. December 30, 2010 Member tcatm describes a prototype he created for a phycical bitcoin and posts an image:
I just made a "real" bitcoin. They'll eventually be made of real metal instead of glass epoxy + copper once I have better tools.
The point would be making BTC conveniently tradeable, like cash. It lowers the minimum required IQ to participate in the Bitcoin economy, which would really help Bitcoin be accepted as mainstream currency.
His first idea was to load bitcoin onto a "pre-denominated smart card". Reaction to the idea is mixed. Member Mike Hearn quickly questions the usefulness of a physical card when the balance could only ever be verified by a computer connected to a network:
... it's very easy for you to pay me with a used up card. I would then pass it on (why redeem it, it's cash!) and it'd pass between people until one day somebody wanted to send the cash electronically. Only then would they discover the card had already been redeemed and was useless.
June 24, 2011 Undeterred by skeptics, Mike continues to iterate on his idea for a physical payment method backed by Bitcoin. This time, he suggests selling paper bitcoin wallets though PayPal. Wallets would be printed using an offline keypair generator. Although the idea receives some interest, most responses are negative. One member member called the idea "too complicated and messy for the average Joe." Another stated that "No one in their right mind would trust an unknown 3rd party with full access." Another summed the idea up in one sentence:
I can't even begin to understand how you could think that this would be a viable business.
Each coin has a private key embedded inside worth 1 BTC, covered by a custom Casascius hologram. ... Diameter: 1.125 inches. Material: brass. Price subject to revision with Bitcoin price fluctuations. The back side is flat for the hologram, except for a small circular well which holds the private key. The first 8 characters of the public Bitcoin address are visible on the outside, pre-printed on the hologram by the hologram manufacturer.
Reactions range from offers to buy to questions about long-term viability. The same day, member spiccioli points out that the Latin inscription on the front side, "VIRES IN NUMERIS", should have read "vis in numeris". September 6, 2011 Caldwell announces the availability of Cassascius Physical Bitcoins (image). Reactions are numerous, and mostly positive. Edits: grammar
For Sale: 1 BTC 2012 Casascius Coin on cryptothrift
For Sale: 1 BTC 2012 Casascius Coin on cryptothrift for cryptocoins Tags: BTC Casascius rare collectible loaded cryptothrift is a Bitcoin, Litecoin and altcoin marketplace and auction site with automated escrow.
Paypal and eBay have wronged me and others. Offering reward of 1- 5 Ltc Lealana coin. Paypal banned all bitcoin and others. Even physical coins. PLUS eBay forcing to list items in "classified" category. Froze all my accounts. "Bad faith"
Offering reward of 1- 5 Ltc Lealana silver funded coin. *see below. If you don’t care about his topic, please don’t waste your time reading it and please save your comments. Help from anyone here or anyone selling bitcoin type items that has been wronged by Paypal or eBay is much appreciated. Let's get David Marcus involved in tweets or whatever necessary to fix this. I saw a post from a few days ago where a reddit member was told he couldn't sell mining equip by paypal and it looks like it stirred up enough to get resolved. http://www.reddit.com/Bitcoin/comments/1v12p4/well_done_paypal_well_done_jerks/ (also see article from wired:) http://www.wired.com/wiredenterprise/2014/01/paypal_bitcoin/ Paypal and eBay have being ruining my business and the business of others eBayers. They are operating in bad faith and bad business. They appear to be targeting established sellers with goods sales volume (and perfect feedback, go figure). Paypal banned all bitcoin and other e-currencies. Even physical coins. PLUS eBay forcing to list items in "classified" category. Froze all my accounts. "Bad faith" business by both as others continue to sell as auctions and accept paypal. Have emails to prove such. It started in Oct when Ppal said they considered sellers a "money services business", and threatened to freeze my accts if not stop using ppal for sales of bitcoin, or other e-currencies. I was selling paper wallets and physical coins. I provide insured s/h and del signature. NOT digital transfers subject to disputes. They instructed me to cancel all current listings and refund sales not yet shipped. I complied, much to dismay of buyers, and wasted a bunch of time explaining to buyers and disputing neg feedback, which all got resolved positively. I appealed to paypal compliance dept and acceptible use departments on the basis these are "physical items", not digitally delivered goods" or electronic currency. The physical metal coin is just a store of the numbers which correlate to an actual digital coin/currency. A metal coin in and of itself cannot technically be a bitcoin, it's actually a collectible. I asked for permission to at least sell the physical coins. “ 12/5/13 to compliance, aup, rswebhelp, bcc: me Hello, I need paypal's immediate assistance. BITCOIN, LITECOIN, e-CURRENCY violations. I am complying , however MY restriced use of paypal for these items in unfair and unethical business practices if OTHERS CONTINUE TO BE ALLOWED to violate your policy with no consequences. My account was restricted a few weeks ago and I have complied and since had it restored, I was informed you are working on the situation for prohibiting sellers who sell bitcoins, litecoins, or other e-currencies from accepting paypal as payment. Per an email from ppal support, I was OFFICIALLY told in writing these items were not permitted and was asked to even report the items if seen on ebay. There CURRENTLY are upwards of 1000 LISTINGS IN VIOLATION on ebay right now in related categories. MY LISTINGS WILL NOT sell as well or at all if I cannot accept paypal and others can. I just had a couple listings close with no bids that otherwise would have sold. THIS IS UNFAIR. I will happily forward you listing numbers on ebay in violation, however a simple search for: bitcoin litecoin brings up hundreds and hundreds and I would assume paypal has compliance staff in place to easily accomplish this. Kindly contact and limit these sellers as well. I had to cancel out and refund over 20 transactions a few weeks ago per paypal's advice due to your policies, much to the dismay of the buyers, and if this is to be enforced and is the policy, then other sellers need to be aware of this as well. These sellers must be held to the same standards as I or any other seller is held. My credibility as a seller when stating I cannot accept paypal must also have basis and credibility, and this cannot be accomplished with other sellers having listings for the same items and accepting paypal. You urgent assistance in this matter is much appreciated. Please reply to this and update me as to your course of action in this matter. Regards, ********* “ My biggest argument to them was that if I and others are to comply, it MUST BE A LEVEL PLAYING FIELD. The ongoing,(still to this day) hundreds of listings on eBay for both digital and physical items which accept paypal as payment is blatant BS! They keep stating they are not targeting anyone and are trying to shut everyone down, but they just don't seem to do it. They even sent me a letter encouraging me to "report" listing number violations that I see, which I stated should be their job, and not a real difficult one at that, where they only have to search "bitcoin" on eBay to find all the voilators, and then click a button to send a msg to that ppal customer. I also recommended they get with eBay and have a programmer fix the payment options prompt to not offer paypal as an option. I moved forward, without a choice, and by early Dec I had been listing my items w/o ppal as option, offering skrill, propay, and bank dep/wire, and only having minor success and many cancelled sales from buyers who didn't read the listing, (which I described in detail the situation). Paypal cost me many sales and wasted a lot of my time. I thought I was in luck when paypl compliance dept finally answered my appeal on 12-8-13, and said: "Dear ****, In regards to your previous inquiry, PayPal’s Acceptable Use Policy for money service businesses does not permit our users to operate as a e-currency exchange, currency exchange or check cashing business. However, PayPal can be used to sell currency as a collectible in which sales of collectible currency cannot reach the threshold of $1,000 USD per person, per day. For further confirmation in regards to the use of PayPal for the sale of physical, collectible coins in relation to Bitcoins, you may want to submit a detailed item description so that it may be reviewed and to confirm compliance with PayPal’s Acceptable Use Policy. Sincerely, Alex PayPal Compliance Department" I read this as collectible format was ok, and the recommendation I "may" want to submit further info as that I had wasted enough time and honestly didn't want to rock the boat. Fast fwd to Jan 2, received this email, (again) : "Dear *****, We have reviewed your PayPal account and found that you have been involved in the sale of electronic media exchange (such as electronic money or digital currency). Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used for currency exchange including the sale of Litecoin and any form of ecurrency. To continue using your PayPal account, we need some additional information from you. Please provide us with a signed and notarized affidavit stating that you understand and will comply with PayPal's terms and conditions." Also received call from compliance same day saying they warned me before and will freeze account. The agent was very rude and condescending and I had him reference the letter received giving permission to sell currency to a particular daily threshold, which he did not interpret the same way. I asked, much to his dismay, to speak with supervisor, which he finally complied after 3 or 4 requests, Supervisor was cordial at least and said they are working to shut everyone down, and gave me an “extended date, since it sounded like I had been thru the ringer”, of 1-17-14 to comply and send in affidavit. A few days later, eBay cancelled all my listings on 2 separate accounts and suspended my one account for 3 days. They now state, verbatim: "Jan 8, 2014, eBay eBay sent this message to ****** (cflow01). Your registered name is included to show this message came from eBay. Learn more about how to tell if an email is really from eBay. MC999 Listing policy violation alert: Digitally Delivered Goods Hello cflow01, After reviewing your eBay account, it appears that you have violated eBay's Digitally Delivered Goods policy. As a result, we've taken the following action on your account: - Violating listings have been removed. A list of removed items is available further down in this email. - We have credited all associated fees except for the final value fee for your listing(s). Listing digitally delivered goods outside of the Classified Ad format in the Everything Else > Informational products category is not allowed. The guidelines for digitally delivered goods help prevent feedback manipulation or artificial increases in eBay seller ratings. The guidelines also help protect members by preventing item listings that may infringe on the intellectual property rights of others. You can list most digitally delivered goods, but only if you use the Classified Ad format and list your item in the Everything Else > Information Products category. Here's more information on our policy: http://pages.ebay.com/help/policies/downloadable.html Virtual currency such as Bitcoin, Peercoin, Litecoin, and others, can only be listed in the Classified Ad format. Additionally, PayPal prohibits the transfer of funds for transactions related to virtual currency, therefore PayPal cannot be offered as a payment method for these items. If you have more questions, contact our policy experts: http://ocsnext.ebay.com/ocs/cusr?query=1387&domain=email1254 Please be sure your future listings follow these guidelines. If they don't, they may be removed, and you may be subject to a range of other actions, including restrictions of your buying and selling privileges and suspension of your account. Here are the listings that were removed: 291052195953 - Litecoin 5 Ltc .25 oz Physical Lealana Silver Coin (Not Bitcoin, PPC, Digital) 291052200502 - Litecoin 10 Ltc Physical Lealana .999 Silver Coin (Not Bitcoin, PPC,FTC,Digital) 291052372404 - Titan Physical Bitcoin btc high security (Not Casascius, Litecoin, Ftc) We appreciate your understanding. Thanks, eBay " If you note, they even state you can't use paypal. If fact, in an interview with cnet on Dec 10: http://news.cnet.com/8301-1023_3-57615080-93/paypal-president-david-marcus-bitcoin-is-good-nfc-is-bad/ Mr. Marcus, paypal president states: "I really like Bitcoin. I own bitcoins." "People are confused. They think because it's called cryptocurrency it's a currency. I don't think it is a currency. It's a store of value, a distributed ledger." How can paypal and eBay say you are selling a digital currency when the very president of Paypal states it's not even a currency? Bottom line, Paypal and eBay are in the wrong here, at least in the fact they are acting in bad faith and in bad business in targeting certain sellers and not holding everyone to the same standards. Let's get Mr. Marcus involved here. Let's hold them accountable and at least consistent in their rules. Spread the word, especially if you are one of the ones being wronged. Let's get this resolved, let's band together, let's seek legal action if need be. ( I have spoken to my friend, an attorney briefly.) *I will even give that 5 Ltc coin mentioned above to the person who helps most if we can get Paypal and eBay to see the light and allow the use of paypal or the use of standard ebay listing formats, or at least get them to guarantee in writing (and actually honor it) to make everyone follow the rules. Sorry for the long post here, but this is one of the most frustrating things I have had to deal with in a long time and they are truly hurting our credibility and ability to sell in a fair marketplace. I, like many I am sure, have a lot invested in this. Please help! Thank you in advance!
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