Do you wish to have physical notes, coins for bitcoin? - page 3.

prtty2gal2

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Quote from: ngacengan on August 24, 2018, 09:28:15 AM

it seems that it's not really needed because this bitcoin has been recorded all your transactions are on the blockchain so that you can better use the existing facilities.

Absolutely not needed! And for someone to even be thinking about it, I wonder if they even had an idea what the essence of blockchain technology is all about. Physical notes have played a huge negative part in the world economy since it is controlled and centralized.

Bitcoin is a decentralized space, which is why minting new coins require a lot of energy and effort, and that decentralization is one of the great values it brings which physical notes can never offer.

engesi

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If Bitcoin has real things, how should it flow and calculate? I am very curious about this! And I think that only with the support of the government, Bitcoin can appear in kind!

fasdorcas

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Quote from: Greenkarki on May 17, 2018, 01:30:33 PM

How it would be when we have a physical bitcoin currency note? Do they already exist? If created, will it impact the market growth and loose it's value in the market? Any thoughts?

That doesn’t make any sense to me, and there is no way it’s going to happen. The only thing that can be used both digitally and physically is conventional currency; dollar, euro, sterling, yen etc. These ones are controlled by banks and how they work is totally different from Bitcoin and cryptocurrencies works.

By the way, if you are using physical for Bitcoin who exactly is going to mine it, or should I say who is going to confirm the transactions you make? So just forget about it, it’s never going to happen.

KingdomHearts

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Quote from: Thanasis on August 28, 2018, 07:13:17 AM

I don't want a physical structure for a digital product and it also impossible in the bitcoin's case,since it is mined and stored on the blockchain technology we are never going to make them in any physical form other than creating the paper wallets and store them in a safe lock.

Dude do you even know what you are saying? First you said that paper currency has done more harms than good and yet you’re still talking about making cryptocurrencies to be in paper form, so you don’t think they will also do same harms? Lol… Try to reason your comment before posting.

Money is money, and they are always the root of all evil… though it depends on who it is, but you don’t let money control you. And I also want to add that I love Bitcoin the way it is and I don’t need any form physical note or whatever you guys are saying which I’m very sure is never going to happen.

Shafiqul Islam

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Yes I wish to have physical bitcoin notes which is equally accepted in all countries in the world.physcial notes is control by bank and governments.

wendiar19

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I don't think that is very important because the condition of bitcoin or blockhchain seems to have a very good technology that can record all transactions using the blockchain system.

Thanasis

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I don't want a physical structure for a digital product and it also impossible in the bitcoin's case,since it is mined and stored on the blockchain technology we are never going to make them in any physical form other than creating the paper wallets and store them in a safe lock.

fullhdpixel

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Quote from: Mister1k on August 24, 2018, 09:25:05 AM

Quote from: F$m@nia on August 24, 2018, 04:13:14 AM

If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.

Haha are you mean to say about the paper wallet. I don't know what will be done in the future but so far paper wallet is the only thing we can consider as a paper wallet mate.

If you want to see bit coin like Fiat cash then you have very less chance to see it.
Because it is decentralized cryotocurrency may be we can use it for long time.

Obviously he is not bringing up the idea of a paper wallet but rather bringing up having bitcoin as a paper currency which is absurd because that was the reason a lot of us are investing in this space in the first place as paper currency has brought even more harm than good with the way the government and banks have manipulated and monopolized the fiat space.

Moreover, if we should start talking about paper currency for bitcoin, which country will be printing? Decentralized digital currency is what it is and there is no point trying to go archaic like the OP.

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I don't really expect bitcoin and other coins to have physical records because these cryptocurrency should not require their physical form. All of this only has a digital currency, all transactions have been recorded with the blockhchain system automatically.

bitbunnny

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I don't have such need, for Bitcoin to have banknotes. Bitcoin is digital currency and exists only in virtual form. That also differs it from traditional fiat currencies.
I don't see any reason why we would spoil that.
Besides, even traditional money is less and less used in physical form, credit cards are having dominant role.

DOLONCHAPA

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You can search on official site who provides BTC service or search on Google. Google is the best teacher. In any requirement you search on google it helps you . On the other hand you can buy a physical form of Bitcoin on eBay. It may helps you. After all you should more study about it. Only huge thesis can reach you good ambition.

iv4n

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Quote from: sumanto on August 27, 2018, 12:53:43 AM

I don't think it's necessary and the physical record for coin cryptocurrency like bitcoin isn't very important because bitcoin already has blockchain technology that can record all transactions in bitcoin and everyone can see it.

Necessary or not I don`t think it will happen, bitcoin is good as it is in digital world. I don`t need paper notes, or anything else, we have wallets on our computers and our phones that`s enough, why would I need to have one more wallet for those paper bills, I believe we are going in other direction, paper money will disappear soon, so why would Bitcoin make a step back? If you are looking for alternative you can make a paper wallet with some amount on it, but in both cases you need online to check the status of those bitcoins and to send them, if you just give paper to someone what that means? When he try to access it online and he see one big zero what will that person do? Paper is easy to forge, there will be much more scams. Leave it as it is, it`s already great.

sumanto

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I don't think it's necessary and the physical record for coin cryptocurrency like bitcoin isn't very important because bitcoin already has blockchain technology that can record all transactions in bitcoin and everyone can see it.

DOH!

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Quote from: Mister1k on August 24, 2018, 09:25:05 AM

Quote from: F$m@nia on August 24, 2018, 04:13:14 AM

If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.

Haha are you mean to say about the paper wallet. I don't know what will be done in the future but so far paper wallet is the only thing we can consider as a paper wallet mate.

If you want to see bit coin like Fiat cash then you have very less chance to see it.
Because it is decentralized cryotocurrency may be we can use it for long time.

I think it is unnecessary to require the Bitcoin Geographical Indication as well as the cryptocurrency because it does not work for investors. There should be updates in the transaction speed to improve Bitcoin is more necessary in the moment.

Zocadas

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For "physical notes" of Bitcoins you need a centralized service, that garants the worth of the "Bitcoin note" and that it wont be used after selling by the seller. There are two possibilities of creating Bitcoin notes. The first one is handing out the whole wallets for a certain amount with the private key. The second is a kinde of gift card or coin and a service, that hands out the Bitcoin and transfers the amount to your wallet. But you need a third party for it.

Jiucaige

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I am happy to use the physical (banknotes) about Bitcoin, but I have a question, so how does the value of this kind of real thing change? ? (How to implement Bitcoin transfer?)

r2d2moons

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I do not know, exactly, but if you think so, you have to buy bitcoin because it fell very well, and if he shoots all the coins they get, they need bitcoin to rise gradually because of this they will fall

ngacengan

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it seems that it's not really needed because this bitcoin has been recorded all your transactions are on the blockchain so that you can better use the existing facilities.

Mister1k

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Quote from: F$m@nia on August 24, 2018, 04:13:14 AM

If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.

Haha are you mean to say about the paper wallet. I don't know what will be done in the future but so far paper wallet is the only thing we can consider as a paper wallet mate.

If you want to see bit coin like Fiat cash then you have very less chance to see it.
Because it is decentralized cryotocurrency may be we can use it for long time.

el kaka22

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Quote from: nniecan001 on August 22, 2018, 07:42:10 AM

The most popular reason why bitcoin is in demand is because of how flexible a virtual currency to get around the world. Well, if you do a physical or tangible thing of bitcoin, that will be same as local money on your pocket for sure. Also, bitcoin price is not so stable value like your tangible money on your pocket so think about it man. Just adding some thoughts on this thread.

Just because of having bitcoin in physical format, we cannot assume that bitcoin must have only a constant or stable value. We can use physical bitcoins in the same way in real life how we are using right now online. Bitcoin's volatile nature of value is not a barrier to have a physical form to it. Gold is being used in physical form but its price is also daily fluctuating then why not take bitcoins into physical form. Everything will be possible in crypto-world then wny not just the physical form Grin

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Quote from: F$m@nia on August 24, 2018, 04:13:14 AM

If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.

No. It will not. Already physical coins are available everywhere. But when you are using physical bitcoins, you need to refer its value online or from somewhere else where the most recent prices are available to get the exact value of it. Other than this, there will not be any other inconveniences are possible especially having bitcoins similar to fiats.

Topic: Do you wish to have physical notes, coins for bitcoin? - page 3. (Read 1908 times)