Yes, Technology is tricky!
What If there is power electricity problems?
Topic: Paper Bitcoin eth, ltc and others - page 5. (Read 2597 times)
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
I don't think so. Paper money is in decline while e-money rapidly increasing.I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Quote
Across the world, a crop of other countries and companies are trying to loosen our reliance on cash. In South Korea, a close second to Sweden in terms of the growing dominance of electronic money, the central bank has set a 2020 target to phase out coins. There have been more limited withdrawals of small denominations in Ireland and parts of northern Europe.
Source: https://www.ft.com/content/9fc55dda-5316-11e8-b24e-cad6aa67e23eSoon, people who have access to electricity and internet won't use paper money or coins anymore.
That's an interesting existential argument. I'd say a paper wallet is a physical representation of crypto, but I suppose the coins don't actually exist on the paper. Or do they?
Coins and private keys are two different things. In Bitcoin a coin is an unspent transaction output, and private key gives access to those outputs. You can't put things like transactions and blocks on paper, because they aren't human-readable and verifiable, you'd need some device to read it and Internet connection to check it, but at that point you can just use Bitcoin software already. So, I'd say paper wallet is just a method of storing crypto, rather than being a physical representation of it - it's absolutely not usable as a currency.
Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Nah, no offense but I disagree with this. Imagine, if we make paper/coin btc or other cryptocurrency then where's now the uniqueness it possess which fiat don't have? Of course it's gone already, fiat and crypto would no longer be different to each other. If we will push this, the essence of being 'digital' will be gone. Furthermore, there is also harmful effects to the environment assuming btc and all the alts in the market will make tangible representations. It will surely consume huge amount of trees and minerals thus resulting to further destruction of our nature.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
It would be better if they remain as a form memorabilia only and not a valuable asset. 
A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.
Bingo, couldn't have put it better myself. And, I would add, even if you knew the paper representation of crypto was secure there's still no need for it. One of the biggest advantages cryptocurrency has is that it can be transmitted around the globe in an instant with relative privacy and low cost. If you're the type of person who needs to hold your money in your hand, get some gold or silver or keep a lot of bills in your wallet. Crypto is a completely different bird.
Physical cryptocurrency is an oxymoron - it can't exist.
That's an interesting existential argument. I'd say a paper wallet is a physical representation of crypto, but I suppose the coins don't actually exist on the paper. Or do they? 
Nope.
A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.
With cryptocurrencies, everyone having their own private keys give the user the trust of responsibility over the funds. Even if it gets created physically it can't be used same as the currency. I've got a plan where we ourselves can create the currency(just a printed QR) mentioning the amount to be paid. It can be used only once, when the receiver scans the QR the fund needs to get recorded to the receivers wallet. This can be of limited usage, already might be there in use. A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.
I don't support this.
Instead of gaining major steps forward, this idea of yours is a step backward.
Our society is getting high technology-based, there is therefore no need to get back to the crude way of doing business transactions with the use of paper bills and heavy coins. Digital currencies is the way to go. We are fast becoming a digital society and cryptocurrencies are the apt response to it.
Instead of gaining major steps forward, this idea of yours is a step backward.
Our society is getting high technology-based, there is therefore no need to get back to the crude way of doing business transactions with the use of paper bills and heavy coins. Digital currencies is the way to go. We are fast becoming a digital society and cryptocurrencies are the apt response to it.
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.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Read "Introduction on Bitcoin WP", then you can see why Bitcoin must be a digital currency and not be printed as Paper Bitcoin.
Bitcoin WP : https://bitcoin.org/bitcoin.pdf
Quote
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
From the quote above, you must understand why we no need paper Bitcoin.
Physical cryptocurrency is an oxymoron - it can't exist. Cryptocurrency is based on the idea that you can verify the state of the network by verifying each individual transaction and maintaining the full ledger. Now how are you going to do it physically? You can't print a private key and say that it's now cash cryptocurrency for obvious reasons.
Nope.
A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.
A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.
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!
Jump to: