Topic: Bitcoin Banknotes - page 2. (Read 15238 times)

The path to recognition of Bitcoin as a fully-fledged currency by the governments of all countries is still long. The more so because some of the states simply banned cryptocurrencies. Such a decision was made, among others India, Russia and Bangladesh. Other countries allow their turnover, but they define the role of cryptocurrencies in the economy. This is because governments are torn between wanting to protect the monopoly of their central banks for issuing money and the desire to tax transactions concluded with bitcoins. Faced with this dilemma, they adopt different attitudes that can best be illustrated in a few examples:
- The Australian government considers Bitcoin to be property, such as a property or a car. Therefore, transactions in which goods or services are purchased through cryptocurrencies are treated as barter exchanges and an appropriate tax should be paid.
- In the UK, according to the current guidelines of the Bank of England, Bitcoin is treated as a foreign currency. Its exchange for pounds is not treated as a sale and you do not have to pay VAT on it.
- In turn, the Finnish authorities consider Bitcoin as a form of security. Transactions involving him are subject to the same tax as investments in other financial instruments.
As you can see, the states are very diverse in determining the legal status of cryptocurrencies. Therefore, the answer to the question of whether Bitcoin is money can not be unambiguous if it takes the legal systems of individual countries as a criterion.

as for me so they do not need, everyone already pays for the phone from the card for hours) bitcoin is the currency of the future which can afford a better payment method than paper money.

It is interesting. But I do not think that it will be in demand with investors. But I think that such banknotes have a drawback that needs improvement - the potential risk of theft and limited transmission range.

This thing will not be able to get into reality. The main theme for using Bitcoin is virtual use. We will have manipulation with it. People everywhere want to make some crime things to steal your money.

At the same time the goal is to increase bitcoin users across the country even to any region. It is hard to imagine how these bills will be used as a means of payment, but how they can use them. This shows that the crypto currency is still developing and the possibility of its application is still very large.

This will be a good progress for bitcoin. and be good for the places with there is limited internet access. But there needs an authority to monitor how many banknotes will be printed and where it will be given.

I don’t think it will be happen, even I can’t think how it can be. But if this happen, I wish it will do good.

Bitcoin Banknotes is coming to Singapore.
Banknotes denoted by bitcoin, namely 0.01 and 0.05 bitcoin - are determined by a chip containing those values. The chips developed by Samsung (which, of course, in its most recent results have said it has a boost from the creation of chips tied to pre-coded extraction).
The paper money is not really paper, it's also in the form of ATM cards. According to Tangem, the company's website is counted as "safe and reliable" with 20 years of digital asset storage (can use future use cases outside the currency) can not multiply The copy, or the company also said that the notes should only be touched with an NFC capable smartphone, ensuring that the note is 100 percent valid.

Of course, it is easier for people to understand their condition when they hold it in their hands. This is the real money they have earned, they will no longer have to think about the market and their value. That's a great idea.

That's quite another revolution in the crypto world; i would just about love to have some BTC bills in my literal wallet, probably pay my tithes with it. Its a welcome innovation for me.I don't totally understand the idea. As far as my understanding is concerned, it only makes things complicated. I think we just need to improve our current uses of bitcoin than having this. If it's up for security issues, then current hardware wallets could be safer I guess. I don't think it gives convenience.

Very interesting item, but i think it is some futuristic. The government does not allow BTC in many countries as fact... We need that regulators decide on it.  But i like this idea very much.

If you can just hand over a note (or card) that the other person can quickly verify is funded then you don't need to pay a transaction fee or wait for a network confirmation. If these devices are cheap enough when they go into mass production they will be very convenient to use.

right, it would surely be the step backwards. Trend is exactly the opposite, we should be trying to avoid physical currencies instead of creating more of them from crypto ones

The whole idea might seem interesting and it certainly is but who is going to use these banknotes? I doubt that they will manage to get to mainstream. I know that people are trying to make sending and receiving Bitcoin easier but what's difficult in installing a wallet on your phone? They are so easy to use that there is no point in creating alternatives.

I think it is not a good thing to do and that will be a big step backwards that hinders the development of society. If we use paper money, we invisibly fight against the 4.0 revolution and are moving backward with the development of society.

Therefore, I believe we should not issue bitcoin paper money, even technology can throne and we can transfer easily.

Read the thread you fool. These are not that sort of banknote.

Why? Because banknotes are so easy to counterfeit. The world goes to that to get rid of banknotes, and not vice versa.

This is a cheering news for the cryptocurrency family. In Argentina with the massive 400 crypto ATM  in use now will increase the awareness and adoption of cryptocurrency as a means of  financial transaction. It is going to be a test case for the surrounding countries which will join once argentina is successful.
 

It is very strange and unusual for me to think about those bitcoin banknotes, this is an attempt to make bitcoin closer to regular people

This is funny that they want to make new innovative things more close to the people by making them more similar to what they used to do before