What is the difference between a physical bitcoin and a physical bitcoin coin? Or are they the same thing
To me a physical bitcoin is one you can hold and trade incase electric and internet are no more lol
Topic: POLL-What is the definition of a Physical Bitcoin to you? - page 2. (Read 568 times)
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
A physical crypto coin you can hold in your hand or balance on your cock.
You call that toothpick a cock?
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
And yes, Kialara is not a physical Bitcoin until loaded.
So maybe we could come up with a good term that would define an item that has the potential to be a "Physical Bitcoin" but not yet loaded/assembled?
Agree...perhaps a Bitcoin Wallet token ? Not sure if that sums it up...but everyone can have their say.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
Calling a token, coin, artwork or toy a "Physical Bitcoin" without it having the capability to store Bitcoin would be a silly thing to do. I'm very close to agreement with your definition, but I think I would tweak it slightly. For example, your definition would mean that Kialaras are not Physical Bitcoins until they are loaded, and likewise that Casascius coins are no longer Physical Bitcoins once they are redeemed.
Maybe something more along the lines of what vizique is saying
My vote went to the "and loaded", but my contingencies are laid out in this post!
Maybe something more along the lines of what vizique is saying
My vote went to the "and loaded", but my contingencies are laid out in this post!
Once a Casascius coin has been peeled and redeemed it no longer contains any Digital Bitcoin, it thus transforms from a Physical Bitcoin into a Bitcoin token.
Same goes for a Bitbills card,once peeled and redeemed, it no longer is a physical incarnation of Bitcoin which is what its creators intended it to be.
And I am thinking along the lines of monetary systems. An object with a wallet slapped on it makes it a loaded piece of art...for example.
And yes, Kialara is not a physical Bitcoin until loaded.
The votes tallied in here will be the definition of what I will place in my thread https://bitcointalksearch.org/topic/collecting-community-input-needed-definitions-used-in-our-unique-hobby-5134233
It will be the Consensus of this collecting community that will decide.
Physical Bitcoin coin = loaded
Physical Bitcoin token = not loaded
makes it easy
Physical Bitcoin token = not loaded
makes it easy
I like this method. To add, if produced by killyou72 = "Koinz"
Calling a token, coin, artwork or toy a "Physical Bitcoin" without it having the capability to store Bitcoin would be a silly thing to do. I'm very close to agreement with your definition, but I think I would tweak it slightly. For example, your definition would mean that Kialaras are not Physical Bitcoins until they are loaded, and likewise that Casascius coins are no longer Physical Bitcoins once they are redeemed.
Maybe something more along the lines of what vizique is saying
My vote went to the "and loaded", but my contingencies are laid out in this post!
Maybe something more along the lines of what vizique is saying
My vote went to the "and loaded", but my contingencies are laid out in this post!
IMO, A "Physical Bitcoin" is a physical object, usually a coin but can be something else that has a Bitcoin Private key attached, included, enclosed and hidden/concealed/protected using a security measure like a hologram or other such anti tamper device.
Coin, Notes, Picture/Artwork etc etc
The fact that it can be ANY object, not just a coin, makes the concept of Physical far broader IMO. Why be constrained with antiquated thinking and bind yourself to just a circular disc ?
Viz
Coin, Notes, Picture/Artwork etc etc
The fact that it can be ANY object, not just a coin, makes the concept of Physical far broader IMO. Why be constrained with antiquated thinking and bind yourself to just a circular disc ?
Viz
Absolutely agree with your view.
Me writing 1 BTC on a piece of paper doesn't make it a physical bitcoin. That would be fiat money.
Me writing 1 BTC on a piece of paper doesn't make it a physical bitcoin. That would be fiat money.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
Physical Bitcoin coin: A coin representing Bitcoin with a paper wallet or any other device loaded with digital Bitcoin in it.
This usually in most cases contains a security hologram covering the loaded paper wallet.
To me.....a coin with just a btc logo is not a Physical Bitcoin coin..it's a
token..in other words...cannot be used as a means of paying in Bitcoin or as a currency exchange using bitcoin.
A loaded coin can...ex...digital btc exchanged in person without going thru
blockchain. If coin is lost..so is the bitcoin. Unique in the history of coins.
So if an unloaded Bitcoin token has a holo with a loadable paperwallet and
is then loaded with digital bitcoin it will be thus be transformed in to a
Physical Bitcoin coin.
Example...an unloaded Casascius..would become a Physical Bitcoin coin once
loaded.
To me...the definition of a physical bitcoin coin is when a coin has digital btc loaded into
it..ex...Casascius.
Physical Bitcoin card ..ex...Bitbills.
Conversely , a Physical Bitcoin coin peeled and swept will transform into a Bitcoin token.
Please let me know your thoughts by voting on this. I am curious to find out how many think the same way I do.
This usually in most cases contains a security hologram covering the loaded paper wallet.
To me.....a coin with just a btc logo is not a Physical Bitcoin coin..it's a
token..in other words...cannot be used as a means of paying in Bitcoin or as a currency exchange using bitcoin.
A loaded coin can...ex...digital btc exchanged in person without going thru
blockchain. If coin is lost..so is the bitcoin. Unique in the history of coins.
So if an unloaded Bitcoin token has a holo with a loadable paperwallet and
is then loaded with digital bitcoin it will be thus be transformed in to a
Physical Bitcoin coin.
Example...an unloaded Casascius..would become a Physical Bitcoin coin once
loaded.
To me...the definition of a physical bitcoin coin is when a coin has digital btc loaded into
it..ex...Casascius.
Physical Bitcoin card ..ex...Bitbills.
Conversely , a Physical Bitcoin coin peeled and swept will transform into a Bitcoin token.
Please let me know your thoughts by voting on this. I am curious to find out how many think the same way I do.
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