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Topic: Bitcoin Banknotes (Read 15238 times)

newbie
Activity: 4
Merit: 10
May 17, 2019, 08:33:23 AM
Does anyone know how these could be used if Tangem stopped supporting the App?
Tangem app is open source. You can find it on the GitHub.
legendary
Activity: 1498
Merit: 1000
April 15, 2019, 02:22:53 PM
Does anyone know how these could be used if Tangem stopped supporting the App?
hero member
Activity: 770
Merit: 505
October 03, 2018, 10:57:25 AM
Bitcoins price is not tied to other objects in life we purchase with banknotes like we do with our own national currency. Bitcoin price is tied to dollar directly, not even fiat currency of any other nation, its strictly tied to dollar price, even while it was dropping in price for dollar it was going up on my country
because dollar gained value here.
So, basically there is no purpose of having bitcoin banknotes specially when you think we would require to make like "100 satoshi" banknotes or something for it to make sense since you can't make 1 bitcoin as a banknote. I think paper wallets to used as a cold wallet is a great option but banknotes to spend is not a great idea.

Just read the article and it seems very impressive as they have developer based on the Samsung chips for NFC which is for instant transactions but are they using the blockchain for sending transaction or any other internal third party service/application.
Can someone who has more knowledge tell us if this is 100% secure and has no backdoors so there is no chance to lose the funds?
hero member
Activity: 1498
Merit: 502
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
August 31, 2018, 08:58:58 AM
 Bitcoins price is not tied to other objects in life we purchase with banknotes like we do with our own national currency. Bitcoin price is tied to dollar directly, not even fiat currency of any other nation, its strictly tied to dollar price, even while it was dropping in price for dollar it was going up on my country
because dollar gained value here.
So, basically there is no purpose of having bitcoin banknotes specially when you think we would require to make like "100 satoshi" banknotes or something for it to make sense since you can't make 1 bitcoin as a banknote. I think paper wallets to used as a cold wallet is a great option but banknotes to spend is not a great idea.

full member
Activity: 759
Merit: 105
August 29, 2018, 05:09:43 PM
As the popularity and value of Bitcoin increases so do its adoption. Recently, about 4,000 new ATMs were introduced in Argentina. A drastic transformation in this sphere is being brought by Tangem that is trying to make the cash like transaction through cryptocurrencies a possibility for the users.

Tagem, a new smart banknote platform is launching the bitcoin banknotes in Singapore, which is known for its blockchain and crypto favorable regulatory measures. The notes will be on sale at the Megafash Suntec City store. The aim is to mass produce the physical notes of bitcoin in millions by the end of 2018.

Continue reading: https://coingape.com/bitcoin-banknotes-ready-to-replace-traditional-currency/
Creating such banknotes would create another scheme.

Why would they have to make another banknotes?
Does this banknotes changes the market fluctuation when they produce it?
How much banknotes are they planning to produce?

With these questions already, it will give you a hint on why a digital money should always be in computer and not in a physical world.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
August 26, 2018, 04:15:06 AM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Banknotes can be used but I'm not sure will it be used as an entire banknote or it will be a digital wallet that will have balance inside it and this banknote can be filled?

We are already tired of the bank notes and that's why we shifting towards bitcoins and digital currency to keep ourselves free from the banks and physical notes stuff. There is no need to again go back to old tradition and thinking of making bitcoins notes. Our focus should be on the development of more secure and easy to use wallets and how to keep safe our digital currencies.
hero member
Activity: 2576
Merit: 882
Freebitco.in Support https://bit.ly/2I9BVS2
August 24, 2018, 11:40:14 AM
I do not think it's time to start releasing bitcoin in paper form. Not the time. The vast majority of people even involved in the cryptocurrency process will not know what a real paper bitcoin looks like and how to distinguish a real bill from a fake one. I think that it should take a few more years and over the years bitcoin in digital form will win at least part of the electronic market(e-shops). Only after that you can start talking about the bill.

Read the thread you fool. They are not paper and they use an encrypted NFC chip and smartphone app to distinguish a real one.
sr. member
Activity: 784
Merit: 255
August 24, 2018, 11:36:17 AM
I do not think it's time to start releasing bitcoin in paper form. Not the time. The vast majority of people even involved in the cryptocurrency process will not know what a real paper bitcoin looks like and how to distinguish a real bill from a fake one. I think that it should take a few more years and over the years bitcoin in digital form will win at least part of the electronic market(e-shops). Only after that you can start talking about the bill.
member
Activity: 392
Merit: 39
August 24, 2018, 05:52:02 AM
As the popularity and value of Bitcoin increases so do its adoption. Recently, about 4,000 new ATMs were introduced in Argentina. A drastic transformation in this sphere is being brought by Tangem that is trying to make the cash like transaction through cryptocurrencies a possibility for the users.

Tagem, a new smart banknote platform is launching the bitcoin banknotes in Singapore, which is known for its blockchain and crypto favorable regulatory measures. The notes will be on sale at the Megafash Suntec City store. The aim is to mass produce the physical notes of bitcoin in millions by the end of 2018.

Continue reading: https://coingape.com/bitcoin-banknotes-ready-to-replace-traditional-currency/

4,000 new ATMs in Argentina? That is totally impressive! Do you know where it's possible to find a map where to find those ATMs? I'm planning a trip to Argentina soon.

Check coinatmradar.com

But, they are NOT listing 4000 ATMs in Argentina. I am afraid it may be all the misleading news just to advertise their concept, which by the way (bitcoin preloaded coins/notes) was tried many times in the past and always by the end of the day requires that one trusts the issuer of such a note not to misuse their private key that the issuer knows too.
newbie
Activity: 238
Merit: 0
July 23, 2018, 05:55:49 AM
by looking at these new tech items introducing bitcoin to the market it may have the effect to help raise awareness of btc to more people. Because these physical records can handle issues such as transfer fees and from online to offline we can expect more demand in btc for the coming years if it is adopted by public users and crypto and Interesting in themselves and worth noting is Singapore banknotes with par value of 0.01 and 0.05 bitcoin. While it is difficult to imagine how this paper money will be used as a means of payment, the organization issuing it must guarantee their redemption at face value in terms of presentation for payment. At the same time, bitcoin, as everyone expects, should increase prices substantially.
jr. member
Activity: 70
Merit: 2
July 20, 2018, 09:26:24 AM
As the popularity and value of Bitcoin increases so do its adoption. Recently, about 4,000 new ATMs were introduced in Argentina. A drastic transformation in this sphere is being brought by Tangem that is trying to make the cash like transaction through cryptocurrencies a possibility for the users.

Tagem, a new smart banknote platform is launching the bitcoin banknotes in Singapore, which is known for its blockchain and crypto favorable regulatory measures. The notes will be on sale at the Megafash Suntec City store. The aim is to mass produce the physical notes of bitcoin in millions by the end of 2018.

Continue reading: https://coingape.com/bitcoin-banknotes-ready-to-replace-traditional-currency/

4,000 new ATMs in Argentina? That is totally impressive! Do you know where it's possible to find a map where to find those ATMs? I'm planning a trip to Argentina soon.
jr. member
Activity: 235
Merit: 2
July 19, 2018, 01:41:18 PM
There are no banknotes for cryptocurrency. It is yet to be made by banks. There are many other ways for changing cryptocurrency. Many banks in Europe have placed ATM machines for drawing money.All those people who have cryptocurrency accounts can use these machines.
hero member
Activity: 2576
Merit: 882
Freebitco.in Support https://bit.ly/2I9BVS2
July 19, 2018, 05:22:26 AM
Banknotes can be used but I'm not sure will it be used as an entire banknote or it will be a digital wallet that will have balance inside it and this banknote can be filled?

You are correct it is a digital wallet. Yes, they can be filled but the plan is to make them one-time use, so a cheap disposable digital wallet.
hero member
Activity: 770
Merit: 505
July 19, 2018, 05:19:36 AM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Banknotes can be used but I'm not sure will it be used as an entire banknote or it will be a digital wallet that will have balance inside it and this banknote can be filled?
hero member
Activity: 2996
Merit: 794
July 18, 2018, 03:38:27 PM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Bitcoin banknotes for me personally is something unbelievable. It is no need to create it. The walls are still very corrupted for Fiat money.

Just talking only about that part i cant even imagine that bitcoin would come into that point. Even though they would suggest or recognized bitcoin wont really work on this way. Its really contrary on its real purpose and feature which we do know it is on decentralization and having a bank notes will definitely removed that revolutionary feature and i guess popularity and support would be gone since it would just still act as a
local fiat money instead.


Bitcoin doesn't need the banknotes, bankers, and banks need it.
Bitcoin and other cryptocurrencies have their own financial technologies.

sure bitcoin and other cryptos do already have thier own technology which is commonly known as "blockchain technolgy " but bitcoin will become  more indemand if it is partnered with banks because banks can maybe promote bitcoin to the public , thefor people wont have a doubts on using and trying it .
Not to destroy your positiveness towards bitcoin but those things wont really be that possible where Bitcoin would have already its physical form? No it wont happen yet 21 Million supply of coins wont really be that enough to be on circulation basing on the entire population in the world if it would starts to be regulated and come to think that creating physical form would definitely derailed out the true existence of bitcoin where it is based on digital aspect this is why theres no possibility for that thing to happen. It would just still remain on where is it now.
full member
Activity: 756
Merit: 102
July 17, 2018, 12:58:50 AM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Bitcoin banknotes for me personally is something unbelievable. It is no need to create it. The walls are still very corrupted for Fiat money.

Just talking only about that part i cant even imagine that bitcoin would come into that point. Even though they would suggest or recognized bitcoin wont really work on this way. Its really contrary on its real purpose and feature which we do know it is on decentralization and having a bank notes will definitely removed that revolutionary feature and i guess popularity and support would be gone since it would just still act as a
local fiat money instead.


Bitcoin doesn't need the banknotes, bankers, and banks need it.
Bitcoin and other cryptocurrencies have their own financial technologies.

sure bitcoin and other cryptos do already have thier own technology which is commonly known as "blockchain technolgy " but bitcoin will become  more indemand if it is partnered with banks because banks can maybe promote bitcoin to the public , thefor people wont have a doubts on using and trying it .
hero member
Activity: 2730
Merit: 632
July 16, 2018, 09:06:28 AM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Bitcoin banknotes for me personally is something unbelievable. It is no need to create it. The walls are still very corrupted for Fiat money.

Just talking only about that part i cant even imagine that bitcoin would come into that point. Even though they would suggest or recognized bitcoin wont really work on this way. Its really contrary on its real purpose and feature which we do know it is on decentralization and having a bank notes will definitely removed that revolutionary feature and i guess popularity and support would be gone since it would just still act as a
local fiat money instead.
sr. member
Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain
July 16, 2018, 07:08:12 AM
Although printed on paper money, I think it's more worth mentioning as a member card that can only be used in one place
The initial expectation of bitcoin creation is that it can be used as a global currency, and bitcoin should not be tied to institutions why you make it more complicated by organizing it by signing up for membership before you can use bitcoin directly.

Bitcoin banknotes for me personally is something unbelievable. It is no need to create it. The walls are still very corrupted for Fiat money.
member
Activity: 132
Merit: 12
July 12, 2018, 05:03:07 PM
This idea is quite surprising. It should be taken into account that it could take care of someone's own security after death or simply lose access to their cryptocurrencies. Also, the knowledge of people about Bitcoin and some awareness would be able to become much bigger if Bitcoin existed in physical form, but does not it contradict the idea of ​​Bitcoin? Bitcoin as a non-physical form of payment from anywhere in the world when we want and to whom we want without leaving home. In my opinion, at the moment, both ideas can't work together.
newbie
Activity: 32
Merit: 0
July 12, 2018, 04:50:09 PM
Bitcoin doesn't need the banknotes, bankers, and banks need it.
Bitcoin and other cryptocurrencies have their own financial technologies.
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