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Topic: Bitcoin being a top currency - page 4. (Read 807 times)

legendary
Activity: 1218
Merit: 1006
October 07, 2017, 09:48:41 AM
#8
Bitcoin is completely digital form of currency but yes it can be recognized as legal currency in most of the countries by next few years as more and more merchants have started accepting bitcoin.

There are still many countries where trading bitcoin is considered illegal like in my country.  Angry Some government are morons, I can't stop myself from laughing when I see most of the news/media outlet here writing all nonsense about bitcoin.
sr. member
Activity: 518
Merit: 268
October 07, 2017, 09:48:17 AM
#7
I think it could be used as a generally accepted means of payment however not in the way you describe.
Bitcoin is a virtual currency that uses peer-to-peer, which means person to person without a bank controlling the currency (decentralized).
When physical Bitcoins would be made, the currency wouldn't be decentralized because there would need to be a company that creates these coins.
It's also inefficient, the only way I think of a uses would be coins with a value on it which could be redeemed to a wallet by scanning a QR code or manually typing a phrase. But that would be the same as just directly scanning a QR from a phone and you don't need a coin for that.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
October 07, 2017, 09:46:41 AM
#6
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal.

Yes there is, however its for commemorative only.

https://www.amazon.com/Gold-Bitcoin-Commemorative-Round-Collectors/dp/B00J2B0KEO/ref=sr_1_2?ie=UTF8&qid=1507384791&sr=8-2&keywords=bitcoin

Quote
Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)

Don't presume or think that Bitcoin is a physical fiat that could be generated physically, you misunderstood this, Bitcoin is a virtual technology driven currency, it has been created thru the peoples network and hashes. It is already accepted means of payment to a certain merchants around the globe.

I have had a 1/2 oz Silver 0.25 BTC Lealana physical coin that can be loaded with bitcoin if the user sees fit, though that doesn't technically mean that it belongs to one of the minted coins by mining as bitcoin can only be acquired digitally by solving complex algorithms and whatnot. Also along the way, it wouldn't be impossible for bitcoin to be accepted in giant stores and groceries since tech stores such as NewEgg have already began accepting it and others might followed suit with the help of BitPay.
full member
Activity: 224
Merit: 101
October 07, 2017, 09:33:52 AM
#5
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
there are still need more time before bitcoin become legitimate currency, bitcoin still have to be accepted to all of country in the world, and all people have to know how to use bitcoin. if all of that is complete. still have little problem about the price of bitcoin which is very volatile. so bitcoin need to really stable to become currency
full member
Activity: 573
Merit: 100
Futurov
October 07, 2017, 09:28:21 AM
#4
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
Yes it is correct that the currency of bitcoin is fast moving from low to high. It is not surprising that as of now, the bitcoin is on the top currency because there are a lot of investors and people who supports it. I read also about creating a actual bitcoin that can be use to buy anything on the market but I think they will study it first because it has a lot of effect on our economy.
full member
Activity: 378
Merit: 100
October 07, 2017, 09:11:23 AM
#3
I think bitcoin is not physical, because bitcoin is a digital currency, if there is a bitcoin physical form it is just a replica and its value is not the same as the real bitcoin.
sr. member
Activity: 1008
Merit: 297
Grow with community
October 07, 2017, 09:09:56 AM
#2
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal.

Yes there is, however its for commemorative only.

https://www.amazon.com/Gold-Bitcoin-Commemorative-Round-Collectors/dp/B00J2B0KEO/ref=sr_1_2?ie=UTF8&qid=1507384791&sr=8-2&keywords=bitcoin

Quote
Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)

Don't presume or think that Bitcoin is a physical fiat that could be generated physically, you misunderstood this, Bitcoin is a virtual technology driven currency, it has been created thru the peoples network and hashes. It is already accepted means of payment to a certain merchants around the globe.
member
Activity: 86
Merit: 10
Healthpromag.com
October 07, 2017, 08:56:11 AM
#1
Bitcoin is a very fast booming and rising currency and I have been hearing about there being a physical bitcoin I mean in the form of a metal. Now if this is possible I would like to know if bitcoin would be a generally accepted means of payment in the next years to come and what are the possibilities of other currencies meeting it( I mean in demand and supply)
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