Having one of these coins is like having an important piece of history. There is no doubt that these limited edition Casascius physical Bitcoins will one day be recognized as a key component of the culture around Bitcoin as well as contributors to greater mainstream adoption. It also brought Bitcoin to the tangible world, making an abstract concept more relatable. “You asked for change, we gave you coins.” Mike Caldwell, Casascius Casascius Opened the Physical Bitcoin MarketĪll these attributes inspired other physical products and merchandise for Bitcoin that can be used themselves as a medium of exchange and not only as a collectible. One of the most legendary quotes by Casascius is encoded in zeros and ones on the back of the 25 BTC gold Bitcoin from October 2011. Casascius coins are coveted because they were among the first, but also because Caldwell came up with creative designs and quotes to mint on his coins. The benefit of being a pioneer though, is to have your collectible forever engraved in the minds of Bitcoin enthusiasts all over. Caldwell minted them with the word “Casacius” instead ofĪ picture of Casascius coins taken by Mike Caldwell Casascius’ Legendary Quote Caldwell’s brass coins from 2011 forĮxample have a typo. It is impossible to ship them without the amount of Bitcoin that backs them.Ĭasascius also made some minor mistakes in This might not work for coins the way Casascius had conceptualized them, because these coins have a Bitcoin-backed amount minted on the physical coin or on the hologram that is part of the honeycomb seal. The fact that US authorities shut Mike Caldwell’s operation down, showed subsequent manufacturers of collectibles that they should sell their products with a functional paper wallet embedded but without any Bitcoin loaded in it. Pioneering Comes at a CostĬasascius bore the cost of being a pioneer in this very important field of functional Bitcoin collectibles. That of artwork that has a paper wallet embedded and allows owners to hide Thanks to the tamper-proof honeycomb seal, otherĬollectibles offering secure paper wallets emerged. Casascius Physical Bitcoins Gave Birth to Secure Paper Wallets Embedded in CollectiblesĬasascius coins added value is that they pioneered secure paper walletsĮmbedded in collectibles. $2 million USD at peak Bitcoin price, just based on the amount of BitcoinĮmbedded in their paper wallets. Out there with up to 100 BTC embedded in them. When Bitcoin prices were low, there are now silver or even gold Casascius coins Given that Caldwell started minting these in 2011 This is part of what makesĬasascius coins so valuable. Topic: Casascius Bitcoin Bar loaded with 1 BTC (Read 563 times) enayet. Minting coins with lower denominations embedded. Casascius coins are valuable because they are limited editionsĬasascius would have kept on minting new coins, at some point he would have started
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