Matty
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Solid post against Bitcoin: http://market-ticker.org/akcs-www?post=219284
roguejuror
rouge
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Matty how does that coin works?
Matty
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https://en.bitcoin.it/wiki/Casascius_physical_bitcoins
Basically, to redeem the coin, you peel off the hologram sticker to reveal the private key and you enter it online to get your bitcoin(s).
It's more of a gimmick than anything. It's also quickly become a collectible. People are bidding them up to crazy amounts on eBay right now.
Basically, to redeem the coin, you peel off the hologram sticker to reveal the private key and you enter it online to get your bitcoin(s).
It's more of a gimmick than anything. It's also quickly become a collectible. People are bidding them up to crazy amounts on eBay right now.
roguejuror
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I think what that guy is doing is illegal.
http://www.fbi.gov/news/stories/2011/april/dollar_040511/dollar_040511
http://www.fbi.gov/news/stories/2011/april/dollar_040511/dollar_040511
Matty
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Interesting:
Numerous individuals within the U.S. Government have been interviewed regarding the Liberty Dollar. The Liberty Dollar organization asserts that one U.S. Secret Service agent has stated "It's not counterfeit money"[11] while remaining "skeptical" of NORFED. Another agent is reported to have warned that the Liberty Dollar "appears to be in violation of 18 U.S.C. 514."[11] The minting of Liberty dollars also appears to be in violation of 18 U.S.C. 486:
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.
I'm not sure how the Casascius coin is legal then. And that may explain why eBay/Paypal won't people pay for them with Paypal.
Numerous individuals within the U.S. Government have been interviewed regarding the Liberty Dollar. The Liberty Dollar organization asserts that one U.S. Secret Service agent has stated "It's not counterfeit money"[11] while remaining "skeptical" of NORFED. Another agent is reported to have warned that the Liberty Dollar "appears to be in violation of 18 U.S.C. 514."[11] The minting of Liberty dollars also appears to be in violation of 18 U.S.C. 486:
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.
I'm not sure how the Casascius coin is legal then. And that may explain why eBay/Paypal won't people pay for them with Paypal.
Matty
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CRASH - down by $100 in a matter of minutes/hours.
Think this high bidder is happy? http://www.ebay.ca/itm/221210420072?ssPageName=STRK:MEBIDX:IT&_trksid=p3984.m1431.l2649#ht_500wt_969
Think this high bidder is happy? http://www.ebay.ca/itm/221210420072?ssPageName=STRK:MEBIDX:IT&_trksid=p3984.m1431.l2649#ht_500wt_969
