Topic: Do you wish to have physical notes, coins for bitcoin? - page 4. (Read 1908 times)
If you want to see bitcoin in paper form then the purpose of creating bitcoin will get shattered.
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.
I dont think it's a good idea, because bitcoin can be separated into millions, do any physical coins or notes can express like that? 
Really? Notes and coins? Then what is the point of the whole "digital currency" thing. One thing is sure; they don't exist at the moment. And I don't really envisage their existence. Because we primarily don't need them. If there are notes and coins, then just like Fiat, there needs to be a central minting unit of some kind. This will ultimately defeat the essence of decentralization. That's my own perspective though.
As of today, there is no physical representation of bitcoin in the economy. Money that is circulating in the economy is back up with value with the central bank of the nation. Any money circulating should have approval with the goverment to use within the community. Any form of money that is not supported is considered useless. So I think its not yet happen to have physical representation of cryptocurrency.
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?
No, I never ever wish something like that. How silly to think that a virtual and intangible asset like bitcoin will also have its own paper money or coin
. Now, if it happens (though it's impossible), what would be its great difference compare to fiat money? Nothing anymore of course. Btc's or any crypto's uniqueness by means of being virtual yet still have a value makes them special, and I think it would be better if it will remains 
. Anyway, there are still existing tangible coins such as btc, eth, ltc or even doge also but it has no value and only intended to made for memorabilias.
Honestly, physical notes for bitcoins is new to me. So I search about it and this is what I saw " Physical bitcoins — yes, they do exist — are not just great collector's items, they also let you store your digital currency on them. Or to be more precise, most of them do. Different types of physical bitcoins exist, just as currencies have coins of different monetary values."
Well, I think it's possible but how can I divide it on some service that I want to use to be? For me, I see as a trophy or something than making virtual currency to be more complicated.
Well, I think it's possible but how can I divide it on some service that I want to use to be? For me, I see as a trophy or something than making virtual currency to be more complicated.
At a time when FIAT currency is moving away from being physical to digital why
do we want to change a digital currency into something physical other than
collectables and wallets?
Smartphones are widespread so we dont necessarily need computers to use bitcoin
do we want to change a digital currency into something physical other than
collectables and wallets?
Smartphones are widespread so we dont necessarily need computers to use bitcoin
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?
Something we have call it as cassacius which can be considered as the physical for of bitcoin but it cn be used only once I think.But there is no need tp have physical structure to an digital crypto currency.
Nope, the whole idea is to get digital and stop using the notes or coins.
I do not need to use the physical coin or notes for bitcoin because if that comes automatically scams and corruption will happen with the help of bitcoin. I suggest to be with the digital currency form itself and it is more convenient to thief and corruption makers buddy.
When we find the stable value of cryptocurrencies that time we may expect the bitcoin to used as coin or noted or even bond papers.
When we find the stable value of cryptocurrencies that time we may expect the bitcoin to used as coin or noted or even bond papers.
Nope, that does not really exist mate, and for that you should be pretty sure.
You can for sure buy some physical form of the Bitcoins on eBay and use it.
That is not feasible, at least not anytime soon.
Bitcoin and cryptocurrencies are digital currencies, which aims at improving on the current standard financial token system and not imitating it.
It is highly unnecessary to have bitcoin as actual coins and notes.
With the advantages of anonymity and privacy, I think Bitcoin's geographic location is unnecessary and meaningless. I think that legal research to manage Bitcoin and the cryptocurrency market will be more appropriate. Bitcoin and cryptocurrencies are digital currencies, which aims at improving on the current standard financial token system and not imitating it.
It is highly unnecessary to have bitcoin as actual coins and notes.
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?
It is better to maintain bitcoin in its digital form than to try to make it physical, besides there is not really any need for that right now, if at some point bitcoin is used by billions of people and we want to make trade easier for those that do not have a computer available all the time, it might make sense but for the time being those that adopt bitcoin are people that have access to computers and smartphones so there is not any need to take that step.
You can find this in the closest circuit but there are no coins or paper money.
That is not feasible, at least not anytime soon.
Bitcoin and cryptocurrencies are digital currencies, which aims at improving on the current standard financial token system and not imitating it.
It is highly unnecessary to have bitcoin as actual coins and notes.
Bitcoin and cryptocurrencies are digital currencies, which aims at improving on the current standard financial token system and not imitating it.
It is highly unnecessary to have bitcoin as actual coins and notes.
Physical bitcoins are a real killer app for many reasons, first and foremost because they can be exchanged privately and anonymously without leaving any trace whatsoever, just like cash. Of course, this is exactly the reason regulators hate the idea and will do anything to stop physical bitcoins from spreading. Also, designing physical bitcoins with both high security and high usability is difficult.
In an ideal world, simple paper wallets could be used as physical bitcoins. In fact, anyone can make a paper wallet, load it with any amount of BTC, print it out and give it to anyone. The recipient can easily check the balance before accepting the paper wallet and folding it in their physical wallet for further use, just like cash.
In an ideal world, simple paper wallets could be used as physical bitcoins. In fact, anyone can make a paper wallet, load it with any amount of BTC, print it out and give it to anyone. The recipient can easily check the balance before accepting the paper wallet and folding it in their physical wallet for further use, just like cash.
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?
For a Crypto lover like me, I will definitely want to spend Physical Bitcoin currency. I will like to do with Physical Bitcoin Currency all I could do with Physical FIAT currencies. These fantancies being drawn up, some facts should be made know too. Physical bitcoins that can be exchanged like cash have been discussed for years. Physical bitcoins have been often implemented, but there are several challenges. Many physical bitcoin operators active a few years ago have either disappeared or don’t show signs of recent activity. Others are just novelty collectibles that don’t store actual bitcoins. But there are still some interesting options both on the horizon and on the market in the physical bitcoin space.
I feel like that could make some forms of centralization pop up. If you have all these currency notes, who's making them? Someone's gotta manufacture and make those notes and coins. Also, I think the strong benefits of using bitcoin come from the fact that you have a lot of flexibility and precision in how much money you want to send to someone. If we make some kind of notes for BTC, you lose out on that pretty nice benefit. Genuinely, we as a society are likely going to be moving away from currencies that are physical and move towards the electronics based ones. They're just a lot more fitting when it comes to the future and potential uses for crypto.
This is the most important point that has been brought up in this thread. Who would make paper notes or metal coins for BTC? How would you avoid counterfeits? Why would you even actually want paper currency? Everything is going electronic anyway. I can't remember the last time I used cash. I just use Google Pay on my phone to pay for everything. If that's the case with fiat, then it most definitely must be the case with crypto. Making some transactions with paper BTC would completely defeat the purpose of the blockchain. Jump to: