Topic: Do you wish to have physical notes, coins for bitcoin? - page 6. (Read 1908 times)
I do not like this idea at all. All cryptocurrencies have to be on the blockchain and the cyber network. Being physical can easily harm the mainnet alot. Therefore, I just want to use cryptocurrency in a digital way. There is no need in creating physical notes or coins
I don't think it will be possible because we all know that it is CRYPTO currency which means it is in the technology and internet thing not like physical thing there are many way to promote cryptocurrency and i don't really like that statement for it.
No one want to say as we know bitcoin is the digital currency which is best for digital currency payment for online shopping, people use to buy thing but they pay online, bitcoin is better technology than physical coin so if we will get physical coin for bitcoin then there will be no difference between bitcoin and other fiat coins, so better if we let it be as digital as it is.I don't think it will be possible because we all know that it is CRYPTO currency which means it is in the technology and internet thing not like physical thing there are many way to promote cryptocurrency and i don't really like that statement for it.
No one want to say as we know bitcoin is the digital currency which is best for digital currency payment for online shopping, people use to buy thing but they pay online, bitcoin is better technology than physical coin so if we will get physical coin for bitcoin then there will be no difference between bitcoin and other fiat coins, so better if we let it be as digital as it is. 
The closest to this you will find Is the coins that have private keys imprinted on them. They have been around for a while, I don't really k ow anything about them but I see them in the collectibles section.
Other than that you won't see it like cash today, how would the transactions be verified? How could you be sure the person is handing you a "loaded" amount of paper money?
Well, except for that and since the amount there is not going to be fixed anyway, it is more like just having a cold storage like a paper wallet where you can simply store your digital currency. Other than that you won't see it like cash today, how would the transactions be verified? How could you be sure the person is handing you a "loaded" amount of paper money?
In the context that the OP has brought, it is just simply absurd for him to have even asked such questions, and maybe he should go find the bitcoin whitepaper to understand the idea of satoshi about bitcoin and blockchain technology. It is more like while trying to move forward, he is simply trying to ask us to go backward.
I don't think that is visible. Bitcoin and its tools or compartments/properties are better efficient as cryptocurrency, made in digital. What you are talking about would not be made real. If it comes like fiat, that means its glory would disappear. For instance, there won't be pair to pair, anonymous transactions, banks would come in, regulations would follow too etc.
It is even arrant nonsense to be considering that when we are trying to run away from cash in the first place. The question is who or which country is going to be printing the physical notes and how is that not going to end up centralized. There are simply some questions that are basically stupid and I understand that it is the level of ignorance that some people have about the space that can warrant such anyway.
I don't think it will be possible because we all know that it is CRYPTO currency which means it is in the technology and internet thing not like physical thing there are many way to promote cryptocurrency and i don't really like that statement for it.
Nope i think bitcoin is fine the way it is, that's the whole point of being a virtual currency so we can transact money digitally and not physically. And i think it's more convenient this way cause some countries has some limit on how much amount you can carry from your country to another country, and physical currency is hard to transfer especially if it's a lot.
Digital transaction also came in fiat cash medium through online mate. If any one want to invest your money for the future dependencies means we should go with the bitcoin and other alts only because if we see the currency revolution in upcoming years that will be goes to bitcoin usage only.
If you use the physical currency you will be need the help of middle man for sure. There are people still making these kind of payment and loosing the money with the fees.
Nope i think bitcoin is fine the way it is, that's the whole point of being a virtual currency so we can transact money digitally and not physically. And i think it's more convenient this way cause some countries has some limit on how much amount you can carry from your country to another country, and physical currency is hard to transfer especially if it's a lot.
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?
I believe you are missing the point here. The existence and printing of physical notes got us to where we are today with the highly controlled and manipulated system, which is the reason the idea of having a decentralized digital currency came into play with a proof of work system to mine the currencies digitally and you still want to take us back to the traditional age? Come on bro! I guess you still have so much to read about blockchain technology. 
You can buy a physical form of Bitcoin on eBay, but it is kinda bitcoin and you can't pay with that, it's more just like a souvenir and nothing more. I do not understand why do you even need to have a paper note or a coin of Bitcoin? It is perfect as it is, digital. The society moved to cashless exchanges long time ago and it is not in a trend to move back to physical money.
That is a souvenir like you have said and no one will even collect that as an exchange for payment in the first place. Bitcoin is a digital currency and the last time I checked, the printing of physical cash brought about the idea of monopoly and high level of manipulation which brought about the satoshi idea of having a decentralized currency that is P2P and no middle man which I believe is what the idea of having physical note for bitcoin will bring and what is the point as we are all done with fiat. 
Its fine as it is, theres no need to create such a thing. Bitcoin is a unique currency that operates in a virtual platform.. anonymous transactions and other features are what keeps bitcoin pumping. Its demand continuously rises because of this very reason. If it does end up in a tangible state like fiat then it would end up being controlled by the government.
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?
The fiat is already in the physical and notes form so why will we want to have bitcoin also in the physical form while the time now is for the digital use. The future will be a time when every business and every person will do their dealing in digital form the companies will like to have a form of digital for their businesses and for that era there will be a great need of digital form of money and that role will be played by bitcoin. At that time it will be useless to carry a physical form of money. For me it is more convenient to have a digital form of money. Obviously bitcoin. Bitcoin and physical notes both currency important but vary from position to position. Online marketing and trading bitcoin is more potential than physical money.
Now a day bitcoin is at demand and it is rising more and more with the passage of time, today it is very important to have bitcoin because now use of fiat or paper money is almost equal to zero, people prefer to use bitcoin as an payment as it is safe and easy to carry so with increasing demand of crypto payment market started to switch bitcoin now, so same as thousands of people I choose bitcoin only no paper money or fiat currency. 
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?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear.I feel like op is talking about a much more widely used and accepted form of tender, like how there are US Dollars that are used by everyone in the United states. In particular, he's talking about how cryptocurrency can be used as the currency that spreads beyond just a single country if everyone across the world accepts it. It seems like a really far goal point as of now, but it could happen. Singapore making those banknotes is a step in the right direction, but I don't think it's easy to spend those notes right now. I highly doubt many places in Singapore would accept that as legal tender.
That's basically the concept and it is indeed possible. Although, what's the point? The reason why we would use cryptocurrency is basically because it is already a digital currency which strays away from the conventional fiat which is a physical representation of value. Cryptocurrencies tries to change the status quo from conventional physical money to a digital money which is much more secure and convenient to use.
Absolutely the only logic I ever wondered why these guys never used. Having collectibles like the Casascius is one thing, but having currency notes bring back down a digital tool to a cumbersome one?
Not to mention bringing us back to yet another forced trusting of yet another centralised entity, and a commercial one at that. And removing the ability to verify validity independently. I refer to previous discussion on Tangem: https://bitcointalksearch.org/topic/m.37437460
Obviously bitcoin. Bitcoin and physical notes both currency important but vary from position to position. Online marketing and trading bitcoin is more potential than physical money.
Physical items that contain bitcoin private keys do exist.
From coins to bills, to even stones, anything that can store a string of letters would be able to hold bitcoins.
The real problem with it that it doesn't provide solution to anything beside being a very nice gimmick, you can't really transfer bitcoins to someone offline with those bills, as you will need to trust the bills/coins issuer that the bills/coins do really contain bitcoins and have never been opened.
There are certain things which are not possible and that having some physical form of any of the crypto currency is one of those things as there is no way that you can represent any of the digital currency in the form of paper money or nay other thing like that. All these coins are only the virtual currencies and that they don’t have any kind of physical existence. You cannot expect any such thing to happen. From coins to bills, to even stones, anything that can store a string of letters would be able to hold bitcoins.
The real problem with it that it doesn't provide solution to anything beside being a very nice gimmick, you can't really transfer bitcoins to someone offline with those bills, as you will need to trust the bills/coins issuer that the bills/coins do really contain bitcoins and have never been opened.
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?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear.I feel like op is talking about a much more widely used and accepted form of tender, like how there are US Dollars that are used by everyone in the United states. In particular, he's talking about how cryptocurrency can be used as the currency that spreads beyond just a single country if everyone across the world accepts it. It seems like a really far goal point as of now, but it could happen. Singapore making those banknotes is a step in the right direction, but I don't think it's easy to spend those notes right now. I highly doubt many places in Singapore would accept that as legal tender.
That's basically the concept and it is indeed possible. Although, what's the point? The reason why we would use cryptocurrency is basically because it is already a digital currency which strays away from the conventional fiat which is a physical representation of value. Cryptocurrencies tries to change the status quo from conventional physical money to a digital money which is much more secure and convenient to use.
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?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear.I feel like op is talking about a much more widely used and accepted form of tender, like how there are US Dollars that are used by everyone in the United states. In particular, he's talking about how cryptocurrency can be used as the currency that spreads beyond just a single country if everyone across the world accepts it. It seems like a really far goal point as of now, but it could happen. Singapore making those banknotes is a step in the right direction, but I don't think it's easy to spend those notes right now. I highly doubt many places in Singapore would accept that as legal tender.
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?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear.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?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear. Jump to: