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Showing 20 of 79 results by Bigdaddyaz
Yes, plenty of in-person coin transfers have happened over the years.
But is the cost/risk of this worth any potential premium/reward you may get?
Current premium on a coin like this is 0.05BTC or less
Hey MinerJones,
How does that premium work? For example, is it true that the coin’s value is composed of the 1) BTC, 2) the rarity premium when unpeeled, and 3) the collectible value of the peeled coin? If do, the 0.05 BTC premium you mentioned applies to unredeemed only, a peeled coin would only have a value of #3 above, since 1 and 2 were removed.
How much of the 0.05 premium is for #2 vs #3?
Also, does #2 scale with coin value, meaning a 0.5BTC coin would have a (total of #2 and #3) premium of 0.025?
I guess I’m wondering what percent of the 0.05 BTC premium is actually destroyed when redeeming.
The only way Cas coins are going back to even a 0.5 premium is if BTC price goes back below $10,000. If you think that is going to happen, you can hodl your coin until then.
If a trusted community member gave you an offer of 0.05 over peel value, and you were in a position to safely make the trade, then go for it. But for many, those stars don't always line up perfectly. Peeling is certainly the safest and most convenient way to "cash in" on the value on the coin.
Another option is to keep it intact. It's a good way to give a "diamond hands" effect to "paper hand" people.
Not saying you're paper hand, but you know what I mean...
If a trusted community member gave you an offer of 0.05 over peel value, and you were in a position to safely make the trade, then go for it. But for many, those stars don't always line up perfectly. Peeling is certainly the safest and most convenient way to "cash in" on the value on the coin.
Another option is to keep it intact. It's a good way to give a "diamond hands" effect to "paper hand" people.
Not saying you're paper hand, but you know what I mean...
I agree with what everyone’s posted about disappearing premiums, but I couldn’t resist pointing out that if Justin Sun will pay $6.2 million for a banana taped to a wall, it’s plausible that another extremely wealthy person out there would buy a 1BTC Casascius for 2BTC. Just keeping the hope alive
Re: 2013 0.5 BTC Casascius UNREDEEMED - Grade first or list as-is?
Those are some good points. I don't even know if it's possible to ship one of these fully insured (and what that might cost), if there's not a grading company near me, so I'll do some research. Thanks!
Hi All, I am planning on offering my 0.5 BTC 2013 Casascius coin here (seems right since I bought it here back in June of 2013). Anyway, I noticed that some people have theirs graded. Do graded Casascius coins have more value to you all vs the raw coin?
Re: [KnCMiningOp] KnCMiner Neptune(s) Shares GB .018 per share - Batch 2
Paid for 20 shares:
TXID: 8a8dcf4954211f5d32b26c55d6b792f785e7e3d135dbb404b34076820120bf3e
Dividend payment address: 19grjqKkWRSsKytTrY4mBzdHDLRqypyKxP
Thanks!
TXID: 8a8dcf4954211f5d32b26c55d6b792f785e7e3d135dbb404b34076820120bf3e
Dividend payment address: 19grjqKkWRSsKytTrY4mBzdHDLRqypyKxP
Thanks!
Re: [KnCMiningOp] KnCMiner Neptune(s) Shares GB .014 per share
Had to take 25 shares instead of 50.
Payment has been sent:
TXID: 2d0809fceccb6cb0d64e899d9fef121f35fabf58befe6f9c54420364b199ba88
Dividend Address: 19grjqKkWRSsKytTrY4mBzdHDLRqypyKxP
Also, sent you PM with my email address.
Thanks...
Payment has been sent:
TXID: 2d0809fceccb6cb0d64e899d9fef121f35fabf58befe6f9c54420364b199ba88
Dividend Address: 19grjqKkWRSsKytTrY4mBzdHDLRqypyKxP
Also, sent you PM with my email address.
Thanks...
Re: [CLOSED]R13x: Black Arrow Bullet Run, Nov. + DZ MC Bonuses
Sent a PM requesting a refund to Thomas earlier today, forgot to post here as well though.
Order #526
TX: 258118cfbd63f040023f32c9c0bc6d0cb3076f5507531d1b0026c55e6b08e47a
Payout/Refund address: 1F4DqsH5tJk5ottqFFjJLWonttMntgXrq7
Thanks,
J
Order #526
TX: 258118cfbd63f040023f32c9c0bc6d0cb3076f5507531d1b0026c55e6b08e47a
Payout/Refund address: 1F4DqsH5tJk5ottqFFjJLWonttMntgXrq7
Thanks,
J
Re: [CLOSED] The Mining Club - 5 KnCMiner Saturns - Shipping Pending
Sent you a PM and filled out the refund form for my 2.1 BTC.
My payment address is: 1JenbJPhFjkzyvR7mhTvt51Gcydq78pt58
Original TXID is: b48e30af71976e873a1e62c4eca0cb0ce4d3f407df694c64f69ad2e53b676269
My payment address is: 1JenbJPhFjkzyvR7mhTvt51Gcydq78pt58
Original TXID is: b48e30af71976e873a1e62c4eca0cb0ce4d3f407df694c64f69ad2e53b676269
They did:
https://mtgox.com/press_release_20130620.html
https://mtgox.com/press_release_20130704.html
Specifically:
Quote
Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts.
and:
Quote
Mt. Gox has now formed relationships with several new banking partners both in Japan and around the world, and we are still in the process of finalizing even more. This means that we will have increased stability and ability to transmit withdrawals going forward.
But why would people look for information on mtgox.com's front page when it is easier to spread rumors on this forum?
Not exactly. Neither of your quotes above state that MtGox is unable to fulfill withdrawal requests. If fact, the very first sentence of the most recent (7/4/13) press release states, "Mt. Gox is happy to announce that global account withdrawals have now fully resumed as of today, after several days of testing our new system for processing transactions. We want to keep you informed about our progress in this arena, and especially assure our customers that their funds are accessible."
Are you saying that this is the case, and that everything's fine and it's just random chance that nobody has been able to confirm a single withdrawal in the (nearly) two weeks since they released this statement?
It's one thing to say "withdrawals are slow but we're establishing new relationships to speed things up".
Entirely another to say "we're still not quite able to send withdrawals but we're taking the following steps, and will be ready shortly".
Lastly, who was your statement about "spreading rumors" referring to?
There is a big difference between the technical requirements of sending funds and the regulatory requirements of sending funds. Yes the first part is easy, but it is not the hard part.
I agree.
Do you think the KYC measures are what's causing the delay? I'd have guessed that those are mostly front-end requirements (I know when I opened my account I had to submit passport and other verification docs).
Or could it be the record-keeping requirements? My opinion is that record-keeping is electronic and automatic, so probably not the problem.
What about AML reporting requirements? You could argue that it takes time to "establish and implement policies and procedures that can be reasonably expected to detect and cause the reporting of suspicious transactions". But on the flip side, this is a road that many have already traveled down, and a playbook for MSB's is readily available. Here's an example:
http://www.fincen.gov/financial_institutions/msb/materials/en/prevention_guide.html
I'm curious to know your opinion as to which parts of the regulatory requirements would cause such an extraordinary delay?
They just switched banks because their old bank was not comfortable with the levels of traffic. Banks move slowly, especially when dealing with companies that have had regulatory actions against them (USG seized MtGox's Dwolla linked account). The new bank will not allow them to ramp up their volume until they are absolutely sure all the t's are crossed and all the i's are dotted.
Yes, that does make sense. I'm left wondering why they wouldn't just state that instead of saying they have a backlog and are working to clear it. Anecdotally, it doesn't appear that they are working the queue at all. Has anyone seen a single confirmed withdrawal? Even from outside the bitcointalk.org community?
Time will tell I suppose.
There is a big difference between the technical requirements of sending funds and the regulatory requirements of sending funds. Yes the first part is easy, but it is not the hard part.
I agree.
Do you think the KYC measures are what's causing the delay? I'd have guessed that those are mostly front-end requirements (I know when I opened my account I had to submit passport and other verification docs).
Or could it be the record-keeping requirements? My opinion is that record-keeping is electronic and automatic, so probably not the problem.
What about AML reporting requirements? You could argue that it takes time to "establish and implement policies and procedures that can be reasonably expected to detect and cause the reporting of suspicious transactions". But on the flip side, this is a road that many have already traveled down, and a playbook for MSB's is readily available. Here's an example:
http://www.fincen.gov/financial_institutions/msb/materials/en/prevention_guide.html
I'm curious to know your opinion as to which parts of the regulatory requirements would cause such an extraordinary delay?
My situation:
I believe this cannot be just an inept management/support service - something fishy is definitely going on.
I believe this cannot be just an inept management/support service - something fishy is definitely going on.
Yes.
I had a few wire withdrawals pending from late June (maybe 20th or 21st). After getting the "cut-and-paste" replies, and reading this story: http://www.thebitcoinchannel.com/archives/16164 I asked for the wires to be cancelled.
Of course within an hour or so they responded and the cash was back in my account. Just waited for dips in price and did my best to buy BTC cheap while selling some from bitstamp when it would rise. Overall spread wasn't too bad but it took quite a while to accomplish.
My wire requests were WEEKS old, and I made the cancel request over the weekend. They were able to give me my money back without even checking with their bank. I think when they say "pending", it means they take the funds out of your account and do NOTHING.
Electronic wire transfer offerings are a dime a dozen these days (some US examples below) no bank wants to keep an army of wire-room specialists if they can help it. When MtGox says "backlog", they might be referring to all the wires they haven't been able to send due to liquidity problems.
https://www.wellsfargo.com/com/treasury-management/payables/electronic/wire-transfers
http://www.comerica.com/commercial/treasury-management/payables-solutions/Pages/wire-transfer.aspx
Re: [OPEN] BITFURY hosting - 3 units ordered - 1btc= 3 GH/s - 1012 /1200 GH sold
This looks like a good group buy. I guess I'm only wondering one thing: the payment confirmations don't show who ordered the miners, correct? The blockchain info shows that they were paid for. It seems like the images just show that someone, somewhere ordered and paid for some miners.
Forgive this rookie question, but how are we to know that YOU are in control of the account (or accounts) that paid for the miners? Are you able to send signed messages?
Nobody else has asked this question, so I'm sure I'm missing something obvious. And, I know you had John K. look at your identification, so I'm not questioning you are who you say you are. Just trying to learn more than anything.
Forgive this rookie question, but how are we to know that YOU are in control of the account (or accounts) that paid for the miners? Are you able to send signed messages?
Nobody else has asked this question, so I'm sure I'm missing something obvious. And, I know you had John K. look at your identification, so I'm not questioning you are who you say you are. Just trying to learn more than anything.
Re: [GB] KNCminer Jupiter #16 Sold [Added to 6.4 TH/s Jupiter Pool] 4/30 left
I'll take one more if I can send the 2.62 BTC in the morning. I transferred it from an exchange into my wallet (1GtqyhTk49obvLBmU851SDP9YxPqu9XqPh), but it's still unconfirmed and I can't stay up any longer.