...and two it’s still baffling NO ONE here knows who’s authenticating at NGC or PCGS....
And also as I have said, eliminate the hologram issues:
https://www.youtube.com/watch?v=xUJtqvYDnkg and
https://casascius.wordpress.com/2013/08/04/defcon-21-successful-compromise-of-the-hologram-reported/If I was scummy I can get custom holograms made for a few hundred dollars & if I was one of the people doing the grading it's an easy scam.
Or I buy funded collectables and peel & copy the key and then re-apply with what appears to be a 100% legit hologram. Then wait a year or 2 or 3. Then start to randomly cash them out. Not all, just one here or there. Even if
BTC drops back to to $20000 it's still a profit for me since the holograms only cost me a few hundred bucks. A couple of coins at 0.05 or 0.1 and I'm profitable.
Sad but true.
-Dave
Man that is a terrifying video. Sadly bad actors will always be around when money is involved. A shame what happened here with 1HoDL, his pieces looked great too.
Yup, it's why I am just about out of having funded pieces.
Also going to generalize a bit here but, artists are generally not the best business people or tech people or security people. And tech people may not be good at business or art.
Not saying that someone can't be but it's hard to be good at all 4 tings.
You need to be a good artist / have artistic talent to make the coins / other things.
You need to be at least a little bit good at tech to properly generate the keys / addresses.
You need to be very good at security as to make sure the keys / addresses are not compromised in some way
You need to be good at business so you actually have a sustainable business and have money to live.
IF you bring in more people that's just more people with access to things that they should not.
-Dave