Dollar, it was the first dollar coin minted by the United States federal government. The coin’s inception dates back to 1791 when then US Secretary of Treasury, Alexander Hamilton, called for the production casascius bitcoin 2011 nfl a national coin.
Production began two years later, and in 1794, the Flowing Hair Dollar was born. Ironically, the Flowing Hair Dollar actually benefited from its shortened lifespan. 130 or so dollars left in circulation to be the most valuable coins in United States history. That selling price makes the first issue coin the most expensive mint in human history. A new coin has usurped the Flowing Hair Dollar’s gilded throne. 10,000, the Casascius 1000 BTC gold coin became worth more than its weight in gold. 25 BTC coin, a 100 BTC gold plated bar, a 1000 BTC gold plated bar, and the crown jewel, the 1000 BTC troy oz.
United States Financial Crimes Enforcement Network demanded that he federally register his business. But that didn’t stop him from minting five 1000 BTC coins before he had to close shop. This scarcity has made them a collector’s item, but the price of Bitcoin as a cryptocurrency is what’s really driving the value of this coin. 20,000,000 may be more realistic in the near future. The troy ounce of gold that comprises the coin makes it a pretty sight, but it’s crypto’s king that makes this asset a pocket-sized goldmine.
And if Bitcoin continues to rise, the mine won’t dry up anytime soon. TRON ’s June Calender: Updates, Upgrades, and Migration! Browse casascius coin now on the internet. Nov 26, 2013, that contain an embedded piece of paper with digital Bitcoin value, covered by a tamper-resistant hologram. Casascius coins are available in 1, 10, 25, 100, and 1000 BTC increments.
The coins are designed such that they could be circulated in face-to-face transactions. The first person to redeem its private key gets the value on the coin, and afterwards, the coin no longer has any Bitcoin value. It is difficult or impossible to read the private key on the coin without damaging or destroying the hologram, which exposes a honeycomb-like tamper-evidence pattern when peeled. The piece of paper inside each coin has a private key which forms the backing for the Bitcoin value represented by the coin. Redeeming the private key back into digital Bitcoins is currently available with a patched reference client and many of the alternative clients.
Some now also for sale in auction. Any ideas for XRP like this? Not sure if there is anything for XRP, but essentially its a glorified pre funded paper wallet right? If I recall he did this by putting his name out there so he could be sued if there was evidence of theft right? Invent digital currency to eliminate the problems of transferring physical money.
Turn that digital currency back into physical money so it can’t be transferred digitally. But seriously, I think it’s cool. I like shiny things as much as the next guy. Legally, I doubt the guy could be prosecuted for minting currency – it’s just a fancy envelope for transporting a secret key.