Monday, July 21, 2014

The World’s First Gold-backed Physical Bitcoins

A gold coin for bitcoin might be sound like a good investment for some of you, right? A news about "The World’s First Gold-backed Physical Bitcoins" has been reported published on 8btc.com, a bitcoin website in China.

gold bitcoin

The owner of the post shared few pictures that shows a .9999 gold coin with Bitcoin logo and wording BITCOIN 2014 OPEN SOURCE P2P MONEY on the obverse. The gold coin reverse have their private keys engraved and its own unique serial number with inscription "THE WORLD'S FIRST GOLD-BACKED PHYSICAL BITCOINS". The coin weigh one ounce 9999 fine gold. The owner announced that the gold bitcoin coins are for his friends and it took him three months to make 101 pieces of the bitcoin gold coins. They're handmade and were made individually and time consuming.

Last year, they're some news from Financial Times reported about "Alderney looks to cash in on virtual Bitcoins with Royal Mint reality".

"The tiny Channel Island of Alderney is launching an audacious bid to become the first jurisdiction to mint physical Bitcoins, amid a global race to capitalise on the booming virtual currency.

The three-mile long British crown dependency has been working on plans to issue physical Bitcoins in partnership with the UK’s Royal Mint since the summer, according to documents seen by the Financial Times.

It wants to launch itself as the first international centre for Bitcoin transactions by setting up a cluster of services that are compliant with anti-money laundering rules, including exchanges, payment services and a Bitcoin storage vault."
Source: FT.com

In a few days times, a domain name once owned by Mt. Gox owner will be sold in an auction by Heritage Auction on 24 July 2014; Bitcoins.com being sold at auction.