is it possible to mint Bitcoin ? - page 2.

ronaldo40

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Quote from: icecube45 on August 28, 2016, 09:47:57 AM

Yes it is possible but it will be very difficult. Because the price of bitcoin always fluctuated in a sizable amount. That would result in prices that are unstable and may not be suitable for mint the physical of bitcoin. I think just as a Bitcoin digital currency because it has the potential to be great.

possible and very difficult? I think this is impossible because bitcoin has no physical.
but maybe if they make a new coin to compete with bitcoin.

avikz

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If you are the government then surely you can mint whatever you want, but if you are an individual like me, then no, you can't.

In small scale definitely you can and sell that physical bitcoin to anyone as a memento, but it is impossible on large scale. All the enforcement agencies will be behind your ass.

2legit2

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Quote from: yueno on August 27, 2016, 09:02:40 PM

Absolutely yes because it is money

uhmm physical bitcoins without the bitcoins loaded in it definitely are not money at all, though it is definitely possible to mint bitcoins

Herbert2020

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the question is why would you want to do that, otherwise it is possible to do it. and as odolvlobo said there are already some physical coins available.

but in my opinion bitcoin was created so you wouldn't need physical money and all these physical coins are more of a collection for bitcoin enthusiasts rather than a way of spending it offline.

icecube45

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Yes it is possible but it will be very difficult. Because the price of bitcoin always fluctuated in a sizable amount. That would result in prices that are unstable and may not be suitable for mint the physical of bitcoin. I think just as a Bitcoin digital currency because it has the potential to be great.

mobnepal

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Yes it is possible but it is not like coins/paper notes of fiat , as physical bitcoins are just a collective items where information regarding bitcoin address is placed. And we can also say paper wallet of bitcoin as paper notes but it also has potential of loading and unloading bitcoin out of it. Cheesy

jaesonma

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Quote from: 7788bitcoin on August 28, 2016, 07:37:38 AM

Bitcoin is virtual currency. Yes, you can mint the ones like the Casascius coins. However, once it is spent, it has no value anymore. And no one can guarantee that a second backup of the private keys is not being keep by the person who mint the coins...

LOL, bitcoin can be minted too, there are physical bitcoins, some for gifts, some can be spent in real life.

7788bitcoin

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Bitcoin is virtual currency. Yes, you can mint the ones like the Casascius coins. However, once it is spent, it has no value anymore. And no one can guarantee that a second backup of the private keys is not being keep by the person who mint the coins...

The Sceptical Chymist

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Top Crypto Casino

Quote from: yueno on August 27, 2016, 09:02:40 PM

Absolutely yes because it is money

That's absolutely untrue. You can mint whatever the hell you want. You can mint a platinum turd if you so desired, but you would not be able to spend it at Home Depot. I think you're just spamming BS.

Speaking of that, I'm very skeptical of OP's intentions on this forum. I strongly suspect that he's account farming and/or trying to scam by loan request. I don't think I'm just being paranoid.

jvper

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Anonimity is not 100% in bitcoin, since everyone who knows your wallet can trace your deposits and withdrawals.

yueno

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Yueno

Absolutely yes because it is money

20kevin20

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As the Bitcoin price is constantly changing, buying BTC physical Coins would mean no profit for you. Also, transactions made through wallets are way safer and you are anonymous.

unamis76

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There are physical Bitcoins, but you can't really use them for purchases, unless you agree with the seller that that's the way you're paying him.

odolvlobo

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It is possible to mint physical bitcoins. There are already many different physical bitcoins. Check this forum: https://bitcointalk.org/index.php?board=217.0

As for spending, there are some challenges:

1. Physical bitcoins are expensive. Would you pay someone 1 BTC with a coin that cost you 1.1 BTC?
2. The possibility of counterfeiting limits acceptance.

Either way, a physical bitcoin is an ironic anachronism. That's why collectors like them.

Nimbulan

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Quote from: niceman4you on August 27, 2016, 12:39:41 PM

is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?

you mean like in markets? if yes then i really doubt that though if you will do digital payments and just print a wallet private key on it then you can do that in some shops

niceman4you

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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?

Topic: is it possible to mint Bitcoin ? - page 2. (Read 1375 times)