I want Physical Bitcoin! - page 3. | Bitcointalksearch.org

minthit

member

Activity: 327

Merit: 11

There is already a physical bitcoin which is a hardware wallet.

Quote from: Mary Laura on January 22, 2018, 11:52:28 PM

I remember hearing a while back about someone who actually did created a few physical bitcoin.

As far as I can remember, that was fake or just for fancy. Well, maybe hardware wallet company will create a coin like hardware wallet with bitcoin logo on it in the future. Your thought can be the trigger for it.

OriginTrain

full member

Activity: 406

Merit: 174

I just don't understand the point though. The whole purpose of bitcoin is that as long as you remember your wallet phrase, you can use it anywhere and transfer it anywhere, and it won't be stolen unless you give your phrase/private key to someone. Doesn't holding physical bitcoin kind of defeat the entire purpose of this? How do you transfer it? How do you protect it?

BitFede

newbie

Activity: 5

Merit: 0

Quote from: warningsigns on January 23, 2018, 09:29:23 PM

Curious as to how new currencies can be established, printed/minted and issued legally. Bitcoin is legal yes but buying a currency printer from a banknote printer such as for example De La Rue or Oberthur Technologies won't be easy. They will want to see official paperwork from a recognized government.

With governments having an inviolable monopoly over their banknote printing and coin minting operations, how can one legally print or mint a new currency? Privately printing or minting an existing currency is of course unlawful which would fall under counterfeiting laws. But minting a coin which doesn't exist (yet) is not illegal. Or is it?

Or are there laws making it illegal to establish or disseminate a new currency?

I think that you can make your own currency, you won't be recognized by banks etc, but you can definitely start your own token of any kind.

warningsigns

hero member

Activity: 896

Merit: 1082

Curious as to how new currencies can be established, printed/minted and issued legally. Bitcoin is legal yes but buying a currency printer from a banknote printer such as for example De La Rue or Oberthur Technologies won't be easy. They will want to see official paperwork from a recognized government.

With governments having an inviolable monopoly over their banknote printing and coin minting operations, how can one legally print or mint a new currency? Privately printing or minting an existing currency is of course unlawful which would fall under counterfeiting laws. But minting a coin which doesn't exist (yet) is not illegal. Or is it?

Or are there laws making it illegal to establish or disseminate a new currency?

Md Saad

sr. member

Activity: 584

Merit: 256

It's not a miracle if you get a physical Bitcoin because this physical Bitcoin still exist in our community, But this is not a available around here, a physical Bitcoin is a highly valuable than any other thing, It has already existed and they are mainly created by gold that's look like our traditional coin. you have to consider that those are really for the purpose of souvenir purpose not for the transaction purpose.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: ncsupanda on January 23, 2018, 09:03:00 PM

Occassionally the old Physical Bitcoins that were created come up for sale in the Auctions section.

Auctions:
https://bitcointalk.org/index.php?board=73.0

Most of them can be found at Collectibles section.

Quote from: buwaytress on January 23, 2018, 11:13:26 AM

Just have a wade into the Collectible section of this forum: https://bitcointalk.org/index.php?board=217.0

Quote from: Mary Laura on January 22, 2018, 11:52:28 PM

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.

Everything you need to know has been said by our fella's here. If you are about to buy one, I've seen some coins out there that has still those fork coins so it's not only bitcoin(physical & virtual) you will get but together with altcoins but the price of course it's adjusted too.

ncsupanda

legendary

Activity: 1628

Merit: 1012

Occassionally the old Physical Bitcoins that were created come up for sale in the Auctions section.

Auctions:
https://bitcointalk.org/index.php?board=73.0

You can make them yourself really easily, you simply need to find any physical object and attach your Public/Private Key to it. Some make theirs look nice in the form of coins.

JonesMark

newbie

Activity: 45

Merit: 0

Me too! I believe there are some on the market out there, let's have a look at eBay

marjon

member

Activity: 350

Merit: 10

Physical bitcoins already exists, they were being minted in gold with a size of traditional coin. But this are just for collection or souvenir purposes only. When we use it to transact offline, it can be a decentralized anymore.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Mary Laura on January 22, 2018, 11:52:28 PM

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.

There are really some physical bitcoins being created but not totally having the essence that do act as a legal one or really on circulation since those coins are just good for collection. You would able to find most sellers of it here on this forum specially on digital goods section where you would able to find out people selling it out. I have bought some physical bitcoins too but those bronze one. Grin

Loveydovey04

full member

Activity: 392

Merit: 123

Why would you want to have it? Bitcoin is virtual and does not exist physically but i saw one, a representation of bitcoin which my cousin bought. But that is only as a souvenir or a keepsake.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Yeah, Casascius to me are really the only items that come to mind when people say "physical Bitcoin". They don't actually exist but Casascius have been used to represent the physical image of Bitcoin, even today by most of the mainstream media. There are plenty of other types of coins, but they're all collectibles and only have value within collector circles, as you can imagine. Just have a wade into the Collectible section of this forum: https://bitcointalk.org/index.php?board=217.0

You'll always find Casascius and others there, you'll be surprised by the quality of workmanship on these things. All the physical crypto coins I own (none are Bitcoin unfortunately) have come sellers or distributors from this forum.

Kprawn

legendary

Activity: 1904

Merit: 1074

Casascius physical bitcoins, also called Casascius coins, are physical metal coins created by Bitcoin user Casascius

(Mike Caldwell, Sandy, Utah, USA) and sold until Nov 26, 2013. The problem is, the government has a monopoly on the

creation of Fiat currencies and they will protect that privilege. Some of these coins are still being traded and sold, but more

as a novelty item. {collectors item} Grin

Starlightbreaker

legendary

Activity: 1764

Merit: 1006

Quote from: hugeblack on January 23, 2018, 05:14:38 AM

Physical bitcoin : A special type of Bitcoin wallet that works as a bearer instrument that can be used to store bitcoins more safely or for trade offline.[1]
with simple word it is hardware private key user must hide private and shear public key (wallet address) .
you can Scan your private key (which have a value of wallet) and add it to your PC/android wallet.

Source: https://en.bitcoin.it/wiki/Physical_bitcoin
List of Physical bitcoin sources.

Indeed a very simple and right explanation.

Still if you want to have a physical BTC coin (which one though is a "tough" choise),you can also take a look here.

Don't forget that is a wallet with anything that this entails. Good luck and happy shopping. Grin

hugeblack

legendary

Activity: 2702

Merit: 4002

Quote from: https://en.bitcoin.it/wiki/Physical_bitcoin

Physical bitcoin : A special type of Bitcoin wallet that works as a bearer instrument that can be used to store bitcoins more safely or for trade offline.[1]
with simple word it is hardware private key user must hide private and shear public key (wallet address) .
you can Scan your private key (which have a value of wallet) and add it to your PC/android wallet.

Source: https://en.bitcoin.it/wiki/Physical_bitcoin
List of Physical bitcoin sources.

mikejohn221

newbie

Activity: 5

Merit: 0

Hi Mary,

I have thought about the concept of an off grid currency, that is where true decentralization exists, the need to transaction without a massive network/internet. Where if the internet is limited forcefully by governments, or some sort of disaster happens, 2 or more people can transact, without a trace of a transaction or ledger. I couldn't find anything, the Physical bitcoins were basically keys that you can scan and it would be added to your wallet, but you still need the global blockchain, internet to confirm clear anything, and a way to avoid double spends.

But of course the whole crypto community is focused on enslaving us on a global antichrist blockchain.

Mary Laura

newbie

Activity: 135

Merit: 0

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.

Topic: I want Physical Bitcoin! - page 3. (Read 771 times)