I have enough information to say the odds of this being a scam are 1 in 10 versus 9 in 10. Some of you are very quick to call something a scam, although you are good at pointing out inconsistencies, which I think is adequate and fair to do. I'm not personally a part of this project but do know the person behind it. I have done thousands of dollars in dealings with him. He is good in my book. This isn't my endorsement; it's just me saying let's not jump to conclusions. I'm sure there will be a response soon. I support any member who wants to play detective. But before something is actually a scam, it must genuinely end up being one. If you call out a scam 10 times, you're bound to be right about one of them. Historically, 10 to 12% of makers have turned out to have some sort of problem that led to compromised keys.
Your endorsement holds absolutely no weight with myself or most longer tenured/active members/collectors here anyhow. From some very sketchy proposals, to multiple websites (
https://physicalbitcoins.vip/ or physicalbitcoins.vip ), claims of being a cypherpunk ( prove it ), sketchy TOS and Privacy Statements on your websites, and your YouTube account
www.youtube.com/@physicalbitcoins has fake subscribers (10.2k) where as your channel was created on Sep 5th, 2024 with 3,437 views as of this writing.
I am not playing detective, I am one. No I dont sit outside homes seeing if some guys wife is two timing them, I mean in finance. I have spent years of my life obtaining financial licenses (including finance law, I hold a Sereis 65 "
I have enough information to say the odds of this being a scam are 1 in 10 versus 9 in 10. Some of you are very quick to call something a scam, although you are good at pointing out inconsistencies, which I think is adequate and fair to do. I'm not personally a part of this project but do know the person behind it. I have done thousands of dollars in dealings with him. He is good in my book. This isn't my endorsement; it's just me saying let's not jump to conclusions. I'm sure there will be a response soon. I support any member who wants to play detective. But before something is actually a scam, it must genuinely end up being one. If you call out a scam 10 times, you're bound to be right about one of them. Historically, 10 to 12% of makers have turned out to have some sort of problem that led to compromised keys.
Your endorsement holds absolutely no weight with myself or most longer tenured/active members/collectors here anyhow. From some very sketchy proposals, to multiple websites (
https://physicalbitcoins.vip/ or physicalbitcoins.vip ), claims of being a cypherpunk ( prove it ), sketchy TOS and Privacy Statements on your websites, and your YouTube account
www.youtube.com/@physicalbitcoins has fake subscribers (10.2k) where as your channel was created on Sep 5th, 2024 with 3,437 views as of this writing.
I am not playing detective, I am one. No, I don't get paid by husbands to sit outside of homes snapping photos of their wives, whom they believe are two timing them.. I have spent years of obtaining financial securities licenses (including the Series 65 "Uniform Investment Advisor Law Exam, Series 7, others and countless designations) that have trained me to spot financial red flags, scams, where laws are being broken etc. This is mainly for US securities /law but somewhat in conjunction with international laws. My trust score and history speaks for itself. Take a look at the pinned thread Krogo created "breached and scam coins" ...who's posted the vast majority of scam threads? Now most of the time I don't call something a scam with 100% certantiy (nor did I hear) without proof, but when my radar goes off with extensive research of red flags, and more ..I will warn others. I've got a 100% accuracy rate...after years and years of "playing detective". I don't bully people, or try to hurt the community or hobby or hinder it's future, quite the opposite. My life's mission has been for decades to help others from being scammed and or taken advantage of from "within". Being a long time collector, who's extremely knowledgeable in this space, with my career and background in finance/law (I have worked as a paralegal, which does not make me a lawyer, but did teach me much about criminal law, how to investigate etc).
" Historically, 10 to 12% of makers have turned out to have some sort of problem that led to compromised keys." FALSE. It is much higher than that.
I find it interesting how you know the maker of these coins so well and came right to the defense of them after my post. Why not sooner with other questions being asked?
Also your websites TOS/Privacy Policy are troubling...not as bad as OP's but enough that I do not trust you and don't think anyone else should either.
maybe explain what process is used to generate the private keys?
There have been many new makers who say the same as you but then it turns out they are using a program on a pc that is openly connected to the net. Or they have used a website - or worse things as well.
Can you address the discrepancies concerning the mintage and prices?
Sure, Thank you! Without leaking our "Secret Sauce", Our Sofware was developed IN HOUSE, and is based on EXACT standards - we LITERALLY RE WROTE LIBRARIES FROM ONE SCREEN TO THE OTHER. This was a manual, tedious, and annoying process, but we understand this as the ONLY WAY to be 100% confident in our security, and the privacy of these coins. Although I cannot unfortunately "Prove it" to you, I assure you, the machine used has NEVER been, and NEVER WILL BE, connected to the internet. The Hard drive and software for creating THIS SPECIFIC MINTAGE OF COINS HAS BEED DoD 5220.22-M WIPED.
Secret sauce lol. So "trust me bro". No one gives a flying fuck about how tedious and annoying this "manual" process was. TRANSPARENCY is KEY!
Your TOS is ridiculous, and completely over the top. If you stand behind something then stand behind it without all that bullshit taking any legal liablity off your hands.
I don't trust either of you, and it's clear as day your practices are shady, misleading and for now...I leave it at that.