If Bitcoin were a physical currency. - page 3.

dzungmobile

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I stand with Ukraine!

Quote from: BTC_pokaop on October 23, 2023, 12:38:51 AM

I'm new here and don't know much about bitcointalk forums. But I thought about Bitcoin for a while. At one point I wondered what it would be like if Bitcoin was a physical currency instead of a digital currency.

You must live with reality.

Bitcoin is a digital currency with good technology from cryptography, blockchain to make it secured and safe to use. Bitcoin has achieved its position today because it is a successful blockchain-based currency and a digital currency. If it is the same like other currencies, in physical formats or like fiat currencies, it would have not make any big difference.

Remember "avec des si on mettrait Paris en bouteille", means “with 'ifs' one could put Paris in a bottle”. ^[1]

^[1] https://en.wiktionary.org/wiki/avec_des_si_on_mettrait_Paris_en_bouteille

Welcome you to Bitcointalk and you will feel interested in while reading this The bullish case for Bitcoin. If you like it, you can order a book on Amazon too.

Tytanowy Janusz

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Quote from: BTC_pokaop on October 23, 2023, 12:38:51 AM

I'm new here and don't know much about bitcointalk forums. But I thought about Bitcoin for a while. At one point I wondered what it would be like if Bitcoin was a physical currency instead of a digital currency. It would not have gained so much popularity, and its price would not have increased so much. If it were a physical currency, it would be very difficult to buy, how would you buy? And had to go to different stores to sell or buy. How difficult it would have been then. Are you thinking about this?

Define "physical bitcoin". Because you can generate a private key, feed it with fraction of a bitcoin, wrap it nicely (e.g. in the form of a coin) and treat it as a physical bitcoin. there is such a thing, but it is marginally used.
https://en.bitcoin.it/wiki/Casascius_physical_bitcoins - Casascius stoped minting new coins in 2013, but i've seen few bitcointalk members continuing his legacy

However, if you mean 100% physicality without any contact with the digital world, then ... this is a physical bitcoin:

pinggoki

sr. member

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I don't think it will gather that much attention if bitcoin was introduced as a physical currency because there's nothing new or revolutionary about a physical currency because every country already have that for centuries already so being a physical currency won't make bitcoin stand out unlike in digital form, it stands out because even if it's not the first, the concept it reintroduced was pretty intriguing especially at that time when people are still pretty curious on what they can do on the Internet. If bitcoin was a physical currency, it will just become a fad and a thing of the past and some other "Satoshi Nakamoto" would probably create "bitcoin" but a different year.

MelanyYYYYYY

newbie

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If BTC is a physical currency, then all its advantages regarding the blockchain will not exist. Legal currencies are all legal currencies issued by the country. So which country does BTC belong to? If according to the international situation, the value of BTC should be priced according to the country to which BTC belongs, then it will be worthless

Wapfika

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Bitcoin makes the world go 🔃

Quote from: BTC_pokaop on October 23, 2023, 12:38:51 AM

I'm new here and don't know much about bitcointalk forums. But I thought about Bitcoin for a while. At one point I wondered what it would be like if Bitcoin was a physical currency instead of a digital currency. It would not have gained so much popularity, and its price would not have increased so much. If it were a physical currency, it would be very difficult to buy, how would you buy? And had to go to different stores to sell or buy. How difficult it would have been then. Are you thinking about this?

This is a nonsense discussion. Bitcoin become phenomenal because of its cutting edge blockchain technology which allows you to send money without the need of 3rd party services such as bank. Assuming Bitcoin as physical currency will just be another fiat currency.

Why will you buy some physical currency rather than your own fiat currency? Also I wonder what will backed on Bitcoin value if it’s only physical.

BTC_pokaop

member

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I'm new here and don't know much about bitcointalk forums. But I thought about Bitcoin for a while. At one point I wondered what it would be like if Bitcoin was a physical currency instead of a digital currency. It would not have gained so much popularity, and its price would not have increased so much. If it were a physical currency, it would be very difficult to buy, how would you buy? And had to go to different stores to sell or buy. How difficult it would have been then. Are you thinking about this?

Topic: If Bitcoin were a physical currency. - page 3. (Read 342 times)