Casascius Coin Definition
Casascius Coins are physical bitcoins that were created by Mike Caldwell in 2011. They are often considered as collectibles and are one of the earliest forms of physical bitcoin representation. Each coin contains a private key hidden under a tamper-evident hologram, which, when peeled off, gives access to a certain amount of Bitcoin value that the coin represents.
Casascius Coin Key Points
- Casascius Coins were created by Mike Caldwell in 2011 as a physical representation of Bitcoin.
- Each coin contains a private key hidden under a tamper-evident hologram.
- The private key gives access to a certain amount of Bitcoin value that the coin represents.
- These coins are often considered as collectibles and are one of the earliest forms of physical Bitcoin.
- Production of Casascius Coins was stopped in 2013 due to regulatory issues.
What is Casascius Coin?
Casascius Coin is a physical coin that represents a certain value of Bitcoin. It was created by Mike Caldwell in 2011 as a way to make Bitcoin more tangible and understandable to the general public. Each coin contains a private key hidden under a tamper-evident hologram, which, when peeled off, gives access to the Bitcoin value that the coin represents.
Why was Casascius Coin created?
Casascius Coin was created to make Bitcoin more tangible. During the early days of Bitcoin, it was difficult for many people to understand the concept of a digital currency. By creating a physical coin that represents Bitcoin, Mike Caldwell hoped to make Bitcoin more accessible and understandable to the general public.
Who created Casascius Coin?
Casascius Coin was created by Mike Caldwell, a Bitcoin enthusiast and entrepreneur, in 2011. He minted the coins in his own home and sold them on his website.
When was Casascius Coin created?
Casascius Coin was created in 2011. It was one of the earliest forms of physical Bitcoin representation. However, production of the coins was stopped in 2013 due to regulatory issues.
Where can you find Casascius Coin?
Casascius Coins were originally sold on Mike Caldwell’s website. However, since the production was stopped in 2013, they can now only be found on secondary markets such as eBay or from private collectors.
How does Casascius Coin work?
Each Casascius Coin contains a private key hidden under a tamper-evident hologram. This private key gives access to a certain amount of Bitcoin value that the coin represents. To redeem the Bitcoin, the owner of the coin needs to peel off the hologram and import the private key into a Bitcoin wallet. However, doing so will damage the coin and reduce its collectible value.
