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RE: Why Am I Cracking Open a Graded Casascius Physical Bitcoin?
Wow, please be careful, don't scratch your Casascius D:
You know, I'd been reading about Casascius three weeks ago. I'm always researching ways to solidify my crypto earnings and this was my obvious starting point. I spent a whole afternoon reading about the guy's story in various news sites.
I think that it's very sad what the FBI did to his business. It's not emitting money if the money has already been emitted. He was just creating storage mediums with a collectible value.
However, it's still super good that it happened. He earned his place in the history of cryptocurrencies and his name will be remembered for quite a long time now. :)
The 2011-13 Casascius ones are hard to find and expensive, but I still think they are worth picking up if you can find a deal on a real one during a pullback in the markets. I wish someone minted some smaller denominations of loaded crypto coins. The unloaded tokens are worthless. The Lealana coins were pretty good; they mostly made LTCs and a few BTCs also, but you don't see many being sold these days aside from the "Buyer funded" ones. The Satori casino chips are low denominations and, though I have a preference for metallic coins as opposed to plastic chips, people seem to bid those Satori chips above their actual value whenever there is a BTC pump (probably because there isn't much else like that out there). There are a few other physical bitcoins that came loaded, but most are obscure and don't have too much collector value.
Ooooh, I hadn't read about all of those other projects. It seems that the ones minted by Casascius are unique not only in their concept but in their fame and history. That's what separates it in value from the others.
I would prefer metal coins too since they give an air of further solidity. However, these days, you can just put a hardcover over them and send them off to a safe house where they shall stay undamaged until the end of days... or the time when they're sold. We could say that preference is the only "real" difference between them nowadays, since they'll be equally durable, and just as valuable if they have a similar collector value.
I don't get the point of buyer funded ones. If it's a collectable but it's modified by the buyer, it doesn't make any sense at all for future buyers. Perhaps for someone who just wants one saved in their home with a cover on it. Like a Rembrandt that you know is a Rembrandt but you had to 3D-print it. It's unique to you, but you printed it, so it loses value for others, but it's just as pretty for yourself.
here, have a vote!
FBI did really bad here. More freedom for cryptos!
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