Post
Topic
Board Bitcoin Discussion
Re: casascius and other physical bitcoins is a fraudulent idea
by
DeepCryptoanalist3
on 04/12/2013, 08:53:17 UTC
Yeah Cas, why not just sell coins with BIP38 encrypted keys and no value loaded, for the cost of manufacture + profit, and let the customer send BTC to their coin's address themselves.  I don't see how anyone could accuse you of being a money transmitter in that case.

What is the meaning of a physical coin if you can't sell it or buy it as any other physical money?

Casascius coins helped bring a digital intangible into physical form...one of the best things to hit Bitcoin since the blockchain if you ask me.

Satoshi developed a perfectly secure version of an old money and Casascius let them suffer from the old physical money falsification problem. He just try to compromise a brilliant idea of cryptocurrency. What a good guy he is. Don't you think that he is like a Satoshi evil twin instead?