Topic: Paper Bitcoin eth, ltc and others - page 3. (Read 2582 times)
We need upgrade system with bitcoin and altcoin become accept in any shop with many country, need paper for bitcoin or other altcoin is very good to make bitcoin most easy to use as transaction.
Paper money is the old way and it should be left behind.
I don't see any benefits of having crypto in paper form. Physical coins are a nice collectible and that's all. Nobody uses them to pay for things. You can probably use them as collateral and that's it.
- It's inconvenient to carry
- easy to counterfeit
- easy to lose
- easy to steal
- burns and gets damaged
- you have to count it manually which makes big transactions bothersome
I don't see any benefits of having crypto in paper form. Physical coins are a nice collectible and that's all. Nobody uses them to pay for things. You can probably use them as collateral and that's it.
I picture of it as a paper with encryption or has the ready to transfer cryptocurrency ( I don't know if we already have that ) but there is a huge problem how would the government allow this kind of transaction? We kind of like tax evading. And who will be the regulator of this if we still want it untouch by taxation? Who are we going to call if we got scammed? NONE. If this will going happen ( very vague ) this won't be cryptocurrency anymore as we already using it physically.
May it paper with encryption or not, the point is that someone already knows the private key of it when someone could produce it physically. That's why it's better that cryptocurrency should stay as a digital money and also sending cryptocurrency around the globe is much better than sending money using fiat. 
This cannot be done because of the counterfeit. At our current time where only a few of us know the existence of Cryptocurrencies, only a few people will know how Paper bitcoin will work. Most of the people in the world don't even know what may those things are. they may tell you that you're paying with a receipt.
I think counterfeit is the last of bitcoin papers worries. We are talking about a paper that could not be replicated as something filled with crypto, you can print any paper you want make it look as legit as you want but a person could just type in that key and see its empty, this is not something you just take and say thank you and leave.This is something you check each time and you could do a QR code paper or key phrase paper or whatever you want but in the end whoever you end up giving the paper would be able to check if there is any money in it by a simple search on blockchain. Considering there would be waiting times and useless checking process and acceptance, digital is much much better so even when not a counterfeit it takes way too long to accept paper crypto.
No it is utopia.How it can be done who will manage all that paper money
Cryptocurrencies are digital money and will stay like a digital money
Main idea of cryptocurrencies is decentralization .How to imagine decentralization with paper money
Cryptocurrencies are digital money and will stay like a digital money
Main idea of cryptocurrencies is decentralization .How to imagine decentralization with paper money
I picture of it as a paper with encryption or has the ready to transfer cryptocurrency ( I don't know if we already have that ) but there is a huge problem how would the government allow this kind of transaction? We kind of like tax evading. And who will be the regulator of this if we still want it untouch by taxation? Who are we going to call if we got scammed? NONE. If this will going happen ( very vague ) this won't be cryptocurrency anymore as we already using it physically.
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
It should better if cyptocurrency stays in online for online transaction like trading, investment and more. And leave the paper currency or basically the fiat in physical for daily transaction. Cryptocurrency is decentralize if it does printed in a paper then it wont be classify as decentralized because it will be manipulated by government. Transaction will never be anonymous and it will now able to track down. Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
The answer is NO.
Cryptocurrencies are by nature and definition digital and decentralized currencies. Turning it into paper cash would make it's purpose useless and require someone or some body to oversee the printing or generation of this currency, and that, is where greed and corruption could stem from. This is exactly what crypto is trying to combat in the first place.
Well it can be a good idea too since bitcoin becoming popularized and becoming more and more than we expected well sooner or later it will turn into a real life fiat or the paper money, which in that case will be a good idea for some, and the bitcoin we know will now be a noticable instead of anonymously.
Doesn't that violates the whole basic idea of cryptos which was the fact that no one can create it or no one can control it. Moreover transferability too will be hampered with this. Think for example you have one person giving his paper btc to other how will the actual transfer over blockchain take place??
It is the same as transferring the ownership of private keys
The implication being that there is nothing wrong in this on its own. When you give somebody your private keys (and no, you don't necessarily need to know them yourself), quite expectedly nothing gets written to the blockchain. And in fact, it can be a good thing as far as anonymity is concerned. Or bad, depending on which side of the anonymity "fence" (or rather barrier) you are on
Even if you say that there would be some central authority holding all that in blockchain and issuing all paper currency against it then congratulations we are just back in fiat because even the fiat currency today started with this experiment when it was removed from pegging against the US dollar
You don't need a central authority for that. In other words, if these paper bitcoins are backed up by real ones, we will be back to a form of gold standard (let's call it Bitcoin standard)
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Doesn't that violates the whole basic idea of cryptos which was the fact that no one can create it or no one can control it. Moreover transferability too will be hampered with this. Think for example you have one person giving his paper btc to other how will the actual transfer over blockchain take place?? Even if you say that there would be some central authority holding all that in blockchain and issuing all paper currency against it then congratulations we are just back in fiat because even the fiat currency today started with this experiment when it was removed from pegging against the US dollar. Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Fiat is the most convenient and efficient form of money. Bitcoin and other crypto currencies are nothing but a wet dream of people to replace fiat in the future. Right now they are horrible forms of money, and that is almost every aspect.
Another thing is that people don't want to spend something that appreciates in value, which applies to Bitcoin and gold. Fiat on the other hand is something we are incentivized to spend due to inflation.
Another thing is that people don't want to spend something that appreciates in value, which applies to Bitcoin and gold. Fiat on the other hand is something we are incentivized to spend due to inflation.
There is no cloud without a silver lining
If people prefer to spend fiat, say, the dollar instead of Bitcoin, it basically means that they value the latter higher than the former. And there should be a reason for this. So we can't actually say that Bitcoin is a horrible form of money per se. I agree that it sucks as a currency while fiat and more specifically, the dollar, shines in this department. But if we don't consider a currency aspect of money as the only one or the only important one, Bitcoin may not be that bad after all (for example, as a value transfer vehicle)
This cannot be done because of the counterfeit. At our current time where only a few of us know the existence of Cryptocurrencies, only a few people will know how Paper bitcoin will work. Most of the people in the world don't even know what may those things are. they may tell you that you're paying with a receipt.
What I understand regarding the situation of Cryptocurrencies in our time is, they are not known yet to most of the people in the world. So what we need to do now is don't rush into something we don't have a plan especially with the Cryptocurrencies rather everything we do, are needed to be calculated at some point.
We still need a lot of work to do, in our country alone there are many people who are victims of the Ponzi scheme in the name of bitcoins. we need to educate these people at some point and another after that, we can proceed with the things that can improve the use of bitcoin.
What I understand regarding the situation of Cryptocurrencies in our time is, they are not known yet to most of the people in the world. So what we need to do now is don't rush into something we don't have a plan especially with the Cryptocurrencies rather everything we do, are needed to be calculated at some point.
We still need a lot of work to do, in our country alone there are many people who are victims of the Ponzi scheme in the name of bitcoins. we need to educate these people at some point and another after that, we can proceed with the things that can improve the use of bitcoin.
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Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
So nothing wrong with cash cash is not a devil!
Is this supposed to be a Bible reference?
Fiat is the most convenient and efficient form of money. Bitcoin and other crypto currencies are nothing but a wet dream of people to replace fiat in the future. Right now they are horrible forms of money, and that is almost every aspect.
Another thing is that people don't want to spend something that appreciates in value, which applies to Bitcoin and gold. Fiat on the other hand is something we are incentivized to spend due to inflation.
There are many people saying and suggesting that we should have crypyocurrency in paper
thats only an evidence that majority are not contented with cryptos being online alone but they wanted to see and feel thier cryptos physically on the offline world not just that but it also brings other benefits like instant transaction and no fees . this will be really helpful on the countries that are not develop or dont have internet . i will definetly support this function . look at fiats , they have physical form but they also have the ability to function online .
it would be unfair if cryptos dont work in a dual purpose.
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
No, it doesn't. Cryptocurrency must be a digital currency. If it will ever exist (which it will not), then what's the difference from fiat currency?
What I think is a good idea is to co-exist with fiat. Let them both exist, a medium that can be used physically and digitally. Although this also perceives many problems, because the majority of people will lean on digital currency, the problem what most of us probably experiencing is its instantaneous accessibility. And fiats, for now, fulfill that.
Quote
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
So nothing wrong with cash cash is not a devil!
Is this supposed to be a Bible reference?
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
There are many people saying and suggesting that we should have crypyocurrency in paper. Are we really sure that some country would have like this kind of thing? what if there would be future problems in terms of transaction? I think bitcoin is created for us to have a cashless payment and cashless transaction but we would like some having in touch with our transaction. Before we have this kind of cryptocurrency lets have a knowledge of what we are doing to have safe and good future. Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
I really agree with those guys who express their opinion that cryptocurrency in paper form sounds very stupid. I believe that the author, who could even suggest such a thing, just wanted to make a joke. In any case, each of us must realize that the initial task of digital money is to offer users the possibility of cashless payments. This is practically one of the most important tasks. I am sure that paper money will go down in history together with the current generation of people, because only the new generation will be able to use cryptocurrency in full.
Nope
I would say opinions vary
There was a startup a few years ago which came up with an idea of paper bitcoins called BitNotes. What's become of them? Regardless, this question had been extensively discussed a few years ago, and personally, I don't find this idea as disgusting as many others come to think of it, at least as long as these paper bitcoins are "provably fair", i.e. you can always check whether a particular paper bitcoin is actually backed up by anything on the blockchain (and in the same amount). I think it is technically possible to lock these "real" bitcoins until the paper tokens representing them are destroyed or otherwise redeemed
Paper money was printed back in the day because there was no other method, when first paper money came out (compared to coins) there was no internet, there was no computers, which means they were forced to do it, there was probably a lot of counterfeit as well because even the technology to print unique papers were not around just yet.
Now, we have all the technology and all the improvements upon that and we should go back to paper? Not a chance, paper bitcoin or any paper crypto sounds silly, you have your mobile phones, you have your internet connections almost anywhere in the world and you have all the good things you can have as innovations, we should just send each other money via with couple clicks without worrying about carrying stashes of money with us.
Now, we have all the technology and all the improvements upon that and we should go back to paper? Not a chance, paper bitcoin or any paper crypto sounds silly, you have your mobile phones, you have your internet connections almost anywhere in the world and you have all the good things you can have as innovations, we should just send each other money via with couple clicks without worrying about carrying stashes of money with us.
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
If we implement this, we should just stick to the current system. Why spend billions of dollars just to do the same thing? Besides it is not worth doing given the risk stated by gentlemand. If the monetary system needs to advance, then just advance and leave the obsolete way behind. That way, we can avoid confusions and contradictions.
As I have mentioned previously, we are getting digital. Even the fiat system has slowly stepped out of the old way of doing transactions using paper bills and metal coins. If the current system which is basically an old system is aware that the digital or online version is the way to go, how much more to cryptocurrency which is, by design, a digital or electronic money or cash.
Furthermore, paper bills and metal coins are prone to faking and other shady processes. Bills and coins are faked, others are not faked but printed or minted without sound basis. This we cannot do with Bitcoin for example. Everything is transparent and can be scrutinized online.
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