Wednesday, 3 April 2013

Physical Bitcoins by Casascius






Casascius Bitcoins are physical coins you can hold - and each one is worth real digital bitcoins. 
Bitcoin is the most widely used open-source peer-to-peer "cryptocurrency" that you can send over the Internet without a bank or a middleman.
Each Casascius Bitcoin is a collectible coin backed by real Bitcoins embedded inside.  Each piece has its own Bitcoin address and a redeemable "private key" on the inside, underneath the hologram.
฿1 Casascius Coin: This is a solid brass coin.  Each 1-bitcoin coin is about 1.125inch (28.6mm) in diameter (just bigger than a US quarter but smaller than a half-dollar) and weighs a quarter ounce.  Perfect as a small gift to introduce someone to Bitcoin.  Also available in a ฿5 version which is slightly thicker, nickel plated.
฿25 Casascius Coin: This brilliant coin is electroplated with real gold.  It's sure to get attention, or at least to take a chat about cryptocurrency out of the abstract and into the aesthetically pleasing.  Each coin is about 1.75inch (44.5mm) in diameter, 2.9mm thick, and weighs about 1.2 ounces.  Makes a great savings gift for someone special.
฿10 Silver Casascius Coin: One solid troy ounce of .999 fine silver, combined with ten Bitcoins.  Comes in a protective capsule and a hinged presentation box.  39mm diameter. Two versions available: one in plain silver, and one with gold-plated B.
Casascius Gold-Plated Savings Bar: Dress your Bitcoins for tomorrow, make them look their best in your vault today.  Would weigh about 12 ounces if it were solid gold, this is a 4.2-ounce metal alloy bar with gold plating.  A neat-looking novelty that looks unmistakably valuable.  Available as a pre-loaded 100 BTC bar, as well as a non-denominated savings bar.  Also available in a password-protected two-factor version.  Bar is 80mm x 40mm x 6mm.
How they work: The "private key" is on a card embedded inside the coin and is protected by a tamper-evident hologram.  The hologram leaves behind a honeycomb pattern if it is peeled. If the hologram is intact, the bitcoin is good.
The 8-character code you see on the outside of the coin is the first eight characters of the Bitcoin address assigned specifically to that coin.  You can verify the coin's balance on Block Explorer.  There is a mathematical relationship between the Bitcoin address and the private key inside the coin. The digital bitcoin is actually located on the public "block chain" stored on the internet, but it is completely inaccessible to anyone unless the private key from the coin is loaded into a Bitcoin wallet.
To recover the digital bitcoins, there are several ways to convert the embedded code back into a digital bitcoin so it can be spent over the internet.  Most importantly, none of the methods relies on me or any other central issuer, due to Bitcoin's completely decentralized design.  The embedded private key code is everything a Bitcoin client needs to find and claim the digital Bitcoins from the peer-to-peer network. For example, you can enter (or "import") your coin's private key code directly into Bitcoin clients such as Armory, Blockchain.info, or directly into Mt. Gox as a deposit method.  (Casascius coins use the "minikey" private key format, and the main Bitcoin.org client does not yet support redeeming minikeys.)
Of course, since the face value of the coins depends on the integrity of the embedded key code, you should only accept Casascius Bitcoins bearing an undamaged Casascius hologram from others.
This Casascius Physical Bitcoins website is operated by Mike Caldwell, 2901 Little Cottonwood Road, Sandy, Utah 84092.  E-mail is casascius at mc2cs.com.
Links:
More about Bitcoin: We Use Coins.
Casascius Coin trackers (made by fans) casascius.uberbills.com casascius.appspot.com
I only accept Bitcoins for payment for these items.  If you need Bitcoins, check out BitInstant. products are frequently available for sale on eBay.  If you are selling Casascius Coins in your local area or for fiat currency, please contact me if you're interested in being linked from here. 
NOTE: Shipping times currently range from 1-7 days.  Shipments are typically done on weekends.
Other ways to get Casascius Coins (payment methods vary):
Bittiraha.fi (Finland)
microbitcoin.fr (France)
BitInnovate.com (Australia)


Ordering directly from Casascius.com is available only by invitation. What just happened?

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