Are you approve that bitcoin monitize bills or coins

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Error404 on June 06, 2015, 12:41:22 PM

-snip-
Are you saying that before you spend it there thing a need ? Confirmation ? Am i right ? What key ate you talking for ? I dont understand Sad

Bitcoin works with digital signatures. They are similar to real signatures, but you need certain data to create the signature, the private key. Everyone that knows the private key can spend the bitcoin that are associated with it. If you want to have a bill for bitcoin, my understanding is that you would need the private key on that bill (e.g. under a sticker so not anyone can see it). When you (or the country issuing it) create the bill you have the private key somewhere else. Now if you give me the bill its only useful as a paper bill if you can convince me that you have destroyed all other copies of the private key. Otherwise you could go home use the private key and scam me. Since I see no way for you to convince me, I would use the private key on the paper bill and transfer the bitcoin to a private key I know is mine and only mine. After I have done that the bill is worthless.

anderson00673

sr. member

Activity: 308

Merit: 250

Hi, like they said you might want to check for a sub forum in your native language. A confirmation is basically a check that the payment has been processed. Most places I have used bitcoins online require 1-2 confirmations, sometimes as many as 6 depending on the circumstances.

Error404

newbie

Activity: 14

Merit: 0

Quote from: shorena on June 06, 2015, 12:20:35 PM

Quote from: Error404 on June 06, 2015, 11:54:22 AM

Quote from: shorena on June 06, 2015, 11:50:08 AM

Quote from: Error404 on June 06, 2015, 11:46:55 AM

I wonder that your bills or coins called "bitcoins" that can you pay for other payments not only using a internet but in handling it and paying at the counter ?

No need for physical coins nor bills just pay with your smartphone. Scan a QR code, check the amount, click send, enter password, wait a second, done.

But when you dont have a smartphone ?

If you dont have a device that can run a bitcoin client (could be an old laptop) you cant use bitcoin.

Quote from: Error404 on June 06, 2015, 11:54:22 AM

and then the payment needs was a bitcoin ?

Not sure I understand you, but yes I paid in bitcoin. Its obviously only working with stores that accept bitcoin.

Quote from: Error404 on June 06, 2015, 11:54:22 AM

how you buy it if you dont have bitcoin and make it a bills or coins ,

You can buy bitcoin at several places online or offline. The main problem I have with your idea of physical bitcoin is that they are not reliable. If I hand you a bill that is worth e.g. 1 BTC you have no way of knowing whether I made a backup of the private key or not. I could give you the bill and you would instantly have to create a transaction with it using e.g. your smart phone in order to be sure that I dont have a copy of the private key and can use it later to spend "your" coins.

Are you saying that before you spend it there thing a need ? Confirmation ? Am i right ? What key ate you talking for ? I dont understand Sad

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Error404 on June 06, 2015, 12:22:28 PM

Quote from: futureofbitcoin on June 06, 2015, 12:16:22 PM

I wonder you wonder what think you OP means you say?

Whats OP ? sorry im new in this community can you explain what op means my mind are gonna blow of this english i am nosebleed Cheesy

OP is short for original poster, the person that started a thread, for this thread its you. If english is a problem maybe check the local sections. There is one for many languages and I think for every possible language (IIRC even klingon) there is a thread.

Quote from: Error404 on June 06, 2015, 12:16:02 PM

-snip-
Thank you for that thread and answering my question before bitcoin become currency the country must make a production to make it equal to the market , sorry if you dont understand i just saying price and supply relations

No, a country could just declare bitcoin the official currency. They would probably have big problems if they did so right now.

Error404

newbie

Activity: 14

Merit: 0

Quote from: futureofbitcoin on June 06, 2015, 12:16:22 PM

I wonder you wonder what think you OP means you say?

Whats OP ? sorry im new in this community can you explain what op means my mind are gonna blow of this english i am nosebleed Cheesy

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Error404 on June 06, 2015, 11:54:22 AM

Quote from: shorena on June 06, 2015, 11:50:08 AM

Quote from: Error404 on June 06, 2015, 11:46:55 AM

I wonder that your bills or coins called "bitcoins" that can you pay for other payments not only using a internet but in handling it and paying at the counter ?

No need for physical coins nor bills just pay with your smartphone. Scan a QR code, check the amount, click send, enter password, wait a second, done.

But when you dont have a smartphone ?

If you dont have a device that can run a bitcoin client (could be an old laptop) you cant use bitcoin.

Quote from: Error404 on June 06, 2015, 11:54:22 AM

and then the payment needs was a bitcoin ?

Not sure I understand you, but yes I paid in bitcoin. Its obviously only working with stores that accept bitcoin.

Quote from: Error404 on June 06, 2015, 11:54:22 AM

how you buy it if you dont have bitcoin and make it a bills or coins ,

You can buy bitcoin at several places online or offline. The main problem I have with your idea of physical bitcoin is that they are not reliable. If I hand you a bill that is worth e.g. 1 BTC you have no way of knowing whether I made a backup of the private key or not. I could give you the bill and you would instantly have to create a transaction with it using e.g. your smart phone in order to be sure that I dont have a copy of the private key and can use it later to spend "your" coins.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

I wonder you wonder what think you OP means you say?

Error404

newbie

Activity: 14

Merit: 0

Quote from: odolvlobo on June 06, 2015, 12:11:49 PM

There are physical bitcoins. Basically, they are coins with private keys. They don't work well as currency because the value is generally less than the production cost, but people like to collect them.

Here is a good thread to read:

https://bitcointalksearch.org/topic/physical-crypto-coins-all-physical-crypto-coin-suppliers-community-thread-921095

Thank you for that thread and answering my question before bitcoin become currency the country must make a production to make it equal to the market , sorry if you dont understand i just saying price and supply relations

odolvlobo

legendary

Activity: 4522

Merit: 3426

There are physical bitcoins. Basically, a physical bitcoin is a coin or a bill containing a private key. They don't work well as currency because the production cost is generally more than the value, but people like to collect them.

Here is a thread about the ones that are recently available:

https://bitcointalksearch.org/topic/physical-crypto-coins-all-physical-crypto-coin-suppliers-community-thread-921095

Error404

newbie

Activity: 14

Merit: 0

Quote from: shorena on June 06, 2015, 11:50:08 AM

Quote from: Error404 on June 06, 2015, 11:46:55 AM

I wonder that your bills or coins called "bitcoins" that can you pay for other payments not only using a internet but in handling it and paying at the counter ?

No need for physical coins nor bills just pay with your smartphone. Scan a QR code, check the amount, click send, enter password, wait a second, done.

But when you dont have a smartphone ? and then the payment needs was a bitcoin ? how you buy it if you dont have bitcoin and make it a bills or coins ,

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Error404 on June 06, 2015, 11:46:55 AM

I wonder that your bills or coins called "bitcoins" that can you pay for other payments not only using a internet but in handling it and paying at the counter ?

No need for physical coins nor bills just pay with your smartphone. Scan a QR code, check the amount, click send, enter password, wait a second, done.

Error404

newbie

Activity: 14

Merit: 0

I wonder that your bills or coins called "bitcoins" that can you pay for other payments not only using a internet but in handling it and paying at the counter ?

Topic: Are you approve that bitcoin monitize bills or coins (Read 865 times)