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<p>[QUOTE=&quot;calcol, post: 26188630, member: 77639&quot;]Getting back to Randy’s question.&nbsp; Physical bitcoins are of two basic types.&nbsp; Those with the peel-off already down or off thereby exposing the access code (sometimes called unfunded).&nbsp; These have almost certainly have had the value transferred. Their only value is as a token.&nbsp; Those with the peel-off intact and issued by a generally trusted authority (sometimes called funded).&nbsp; Assumption is that the peel-off can be removed, the code revealed, and the value accessed and transferred.&nbsp; These have value based on current value of bitcoin plus token value.</p><p><br /></p><p>Some less well known facts about bitcoin. 1.&nbsp; There is a finite quantity that can be mined.&nbsp; Once they have all been mined, there will be no more.&nbsp; Mining consists of extensive bookkeeping for transfers, inventory, etc. for the bitcoin community.&nbsp; Once a certain amount of bookkeeping has been done, the bookkeeper will be awarded some bitcoin from the remaining unmined bitcoin.&nbsp; However, as the already mined bitcoin inventory grows, the amount of bookkeeping needed to be awarded unmined bitcoin also grows.</p><p><br /></p><p>2.&nbsp; Bitcoin will eventually disappear through lost and forgotten passwords.&nbsp; It’s estimated that 10-20% of bitcoin is already gone.&nbsp; This was a flaw in the design of bitcoin.&nbsp; What should have been done is to have an access-it-or-lose-it feature.&nbsp; For example, any bitcoin not accessed within 10 years reverts to the mine.</p><p><br /></p><p>Do I own any bitcoin, physical or in the cloud?&nbsp; Nope.&nbsp; Will I collect physical bitcoin, funded or unfunded?&nbsp; Sure.&nbsp; As soon as my collection of toenail parings of the rich and famous is complete.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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