Bitcoin can be printed in any form either notes or in form of a coin but what is needed most a something that would makes it authentic if printed people may not have a duplicate of it or something like of a counter notes.
I think if printed on notes it could be more better though the risk might be much.
Topic: What a physical Bitcoin could look like? (Read 357 times)
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We shouldn't expect the creation of physical Bitcoin and it's never among the concept of BTC because was created to be digital money. However, the only way we can somehow see something like physical Bitcoin is through the creation of coins, paper notes, or certain collectibles that contain private keys loaded with BTC and it is just like cold storage.
There can't be a physical version of Bitcoin if it doesn't physically exist, how can it be recreated if it's just a code made of 1's and 0's bits?
The only plausible alternative is to reproduce a token with an NFC tag inside connected to a wallet which, when placed against a POS, can issue the payment only after confirming with a physical click from the token itself. This is the only thing I can think of.
The only plausible alternative is to reproduce a token with an NFC tag inside connected to a wallet which, when placed against a POS, can issue the payment only after confirming with a physical click from the token itself. This is the only thing I can think of.
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
The idea of creating physical Bitcoin would just kill and alter the overall purpose of creating the first crypto "Bitcoin" in first the place , thereby resulting in creating or printing more Bitcoin into existence, which mainly opposed the idea of behind Bitcoin technology Satoshi Nakamato, which includes that not more than 21M BTC would ever be in existence.
I think just by reading the title itself I was like nah this is really bad idea. The thought of even having physical note of bitcoin makes it whole purpose void and disoriented! The digital coin, the online presence and the pseudo anonymous nature would just vaporise away. I know we still have to access it over the internet. We are only going to have barcode and stuff but seriously it makes it more closer to the fiat system. Imagine handing over the bitcoin note to someone. They can easily take your fingerprints and know who was it. I mean speaking ideally, a bitcoin is far better the way Satoshi programmed and imagined in the first place. Let’s focus on its adoption and higher credibility in the future to come.
Bitcoin in paper form is not good for trading, since the creator/holder have access to its private key, the possibility of fraud and scam is likely to happen. Imagine you received a physical Bitcoin with an amount of 0.01 BTC as payment for your goods, then right after receiving the amount, the bad actors sweep the Bitcoin to that address. The merchant then is left with just a physical form but the amount on the paper Bitcoin is removed by the scammer and put it on another paper Bitcoin and do the same thing over and over again.
This is one scam scenario that may happen if we do the thing you stated. So Bitcoin in physical form is susceptible to fraud and scams.
if bitcon becomes a physical or as a paper money then the aspect of private key and seed phrase will be removed. There will no seed phase again. Because the seed phrase can only be use on internet and to login whenever you misplaced your password. And also the measurement of unit will be confusing. So bitcoin is best calculating on internet. And at that time the scamming rate will be very high because the coins is no more secured as the internet as the decentralized system. But will be becoming as a centralized system. So the government too will be very happy to control the physical bitcoin. This is one scam scenario that may happen if we do the thing you stated. So Bitcoin in physical form is susceptible to fraud and scams.
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this
Bitcoin in paper form is not good for trading, since the creator/holder have access to its private key, the possibility of fraud and scam is likely to happen. Imagine you received a physical Bitcoin with an amount of 0.01 BTC as payment for your goods, then right after receiving the amount, the bad actors sweep the Bitcoin to that address. The merchant then is left with just a physical form but the amount on the paper Bitcoin is removed by the scammer and put it on another paper Bitcoin and do the same thing over and over again.
This is one scam scenario that may happen if we do the thing you stated. So Bitcoin in physical form is susceptible to fraud and scams.
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this
We better not have a physical coin because it would defeat the purpose of Bitcoin, which is a digital currency with online transactions that are decentralized, making life easier. Making a physical coin might only complicate things as regulators will certainly scrutinize it, which might give Bitcoin a bad reputation. Well, some people already think Bitcoin is bad, so its reputation is not that polished. But at least we should stick to the main purpose of Bitcoin, which is to be a decentralized digital currency.
I think it's just going to be a hassle in the end. What I mean is that if there is physical assets there, they are still in digital, it is impossible to move to physical, and when there are physical ones, such as paper money or metal or whatever, in the end, when transactions are made, they still go digital.
With conditions like this wouldn't it make this complicated. Maybe there are some who like things like that because indeed this can also be like proof of ownership but I personally don't really like things like that and indeed I prefer the simple method as it is now.
There is no way of working that can really be combined because this only adds to how transactions that were originally free anywhere and anytime become more complicated.
With conditions like this wouldn't it make this complicated. Maybe there are some who like things like that because indeed this can also be like proof of ownership but I personally don't really like things like that and indeed I prefer the simple method as it is now.
There is no way of working that can really be combined because this only adds to how transactions that were originally free anywhere and anytime become more complicated.
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
There's no other than the government would really be able to make one and be allowing to circulate to have that so called physical bitcoin but honestly it isnt something that coulb be possible.i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
If ever there's one on existence then its not Bitcoin at all. We know on whats the truth that Bitcoin isnt something that could mold up that physical form. Decentralization and total anonymity
would really be lost and this isnt something that we dont really like. This is why it isnt really that much needed to have one because if there's one in existence then its
not Bitcoin but some other bullshit made by the government.
So its better to have this way and this is where and what the community had been supporting over a decade and it would really be still remaining on this way.
Okay, peeps, real talk. Bitcoin's allure? Its decentralized and unchangeable nature. Cooking up a corporeal Bitcoin would mean centralizing the wild. Like snagging a puff of air and stashing it in your jeans.
Imagine we conjured a tangible Bitcoin. So, what's next? Bitcoin's raison d'être is its virtual identity, the autonomy and agility it brings. Manifesting it physically? That's like transmuting a gilled swimmer into a winged creature. Maybe doable, but seriously, what's the point?
In a nutshell, while a physical Bitcoin stirs the curiosity, it's a bona fide fantasy. Let's concentrate on Bitcoin's superpower: revolutionizing finance and elevating earthlings far and wide. Suit up!
Imagine we conjured a tangible Bitcoin. So, what's next? Bitcoin's raison d'être is its virtual identity, the autonomy and agility it brings. Manifesting it physically? That's like transmuting a gilled swimmer into a winged creature. Maybe doable, but seriously, what's the point?
In a nutshell, while a physical Bitcoin stirs the curiosity, it's a bona fide fantasy. Let's concentrate on Bitcoin's superpower: revolutionizing finance and elevating earthlings far and wide. Suit up!
A question that comes to mind after reading all this is do we need a physical bitcoin? What would it accomplish? What would it give us that we don't already have?
The digital form is superior to the physical in every aspect but one maybe. If we were without power and/or Internet wouldn't be able to use digital bitcoins, but in the era of solar panels, wind generators, atom, can we really be without power? We can be in some areas, but not globally, and even in those areas it's going to be temporary. People without power will have no AC, no refrigeration, no way to pump water, we will have to fix it ASAP, or suffer.
In the age of information and electronic devices everywhere we look, it's natural that money is also digital, and blockchain wasn't made to verify physical goods.
The digital form is superior to the physical in every aspect but one maybe. If we were without power and/or Internet wouldn't be able to use digital bitcoins, but in the era of solar panels, wind generators, atom, can we really be without power? We can be in some areas, but not globally, and even in those areas it's going to be temporary. People without power will have no AC, no refrigeration, no way to pump water, we will have to fix it ASAP, or suffer.
In the age of information and electronic devices everywhere we look, it's natural that money is also digital, and blockchain wasn't made to verify physical goods.
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Bitcoin was not created to be physical because it deal with unit and ordinal and decimal points and unit can not be measures. Satoshi created bitcoin as a digital currency to support the fiat currency online but those leaders who misunderstood the concept is fighting against Bitcoin. If Bitcoin becomes a physical currency, it will not be interested again, because for the poor and average people to have it will be very difficult, the rich peoplele will compile them at home. But for now they can't because now bitcoin is decentralized. But when bitcoin becomes physical currency, it will become central currency. Therefore even in future Bitcoin will be in digital currency forever. i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
As it stands today, you can't. And for a couple of reasons.
First off, it's intangible nature. Bitcoin is made from the get-go to be virtual and intangible. This is to make it convenient for safekeeping, collection, and transaction. Creating a aphysical representation of bitcoin defeats the whole purpose of why it was made like this in the first place. So this alone disallows for a fungible representation of bitcoin to be made.
Secondly, its value. Bitcoin's value is extremely volatile. Some days it hits high, some days it could plummet to the ground. Creating something that would equate a bitcoin's value is just impossible, as that would mean that the physical represnetwtikn has to be transmutable too, in order to always match bitcoin's value without compromise. Such an object is impossible to be made in the real world, so bitcoin, apart from novelty items that do not hold any significant value whatsoever, at least in the general sense, bitcoin couldn't have its own representative token in the real world.
First off, it's intangible nature. Bitcoin is made from the get-go to be virtual and intangible. This is to make it convenient for safekeeping, collection, and transaction. Creating a aphysical representation of bitcoin defeats the whole purpose of why it was made like this in the first place. So this alone disallows for a fungible representation of bitcoin to be made.
Secondly, its value. Bitcoin's value is extremely volatile. Some days it hits high, some days it could plummet to the ground. Creating something that would equate a bitcoin's value is just impossible, as that would mean that the physical represnetwtikn has to be transmutable too, in order to always match bitcoin's value without compromise. Such an object is impossible to be made in the real world, so bitcoin, apart from novelty items that do not hold any significant value whatsoever, at least in the general sense, bitcoin couldn't have its own representative token in the real world.
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
You should most definitely check out the collectibles section in the marketplace here on BTALK!!! I think you will be happy to find a very nice selection of coins not only for sale but for new release by many private physical coin makers. Fun stuff!!
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Physical bitcoin I can only imagine in the form of collectible coins, which, by the way, exist (easily googled).i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Why do you need a physical btc? I take it you want to use this for day to day payments or something like that? The whole world is moving away from the physical concept of money (many areas of life are going digital too). Think about online banking, mobile apps, and more. Physical money is dying and that's a fact.
Bitcoin was originally designed to be digital. This is digital money. So why do you want to transfer it to the plane of the real world? I think that your questions will not have an answer, because no one needs a physical btc, it will not work in any way and no one is interested.
Bitcoin is a digital currency that has no physical form, even if there is a physical form bitcoin is made of gold or silver or diamonds and above it there is a bitcoin symbol is it called bitcoin in physical form of course it's just a joke.
Making a physical bitcoin is always the same as making fiat money, which both have a set value associated with them. This goes against bitcoin's reputation as a decentralized asset. It's OK to have bitcoin as a digital asset; whether or not it is possible to turn it into actual money is irrelevant, in my opinion, as I don't think Satoshi ever intended for bitcoin to exist in physical form. So let the fiat currency exist and fulfill its own purpose.
Very difficult to give any physical shape to BTC because Btc is available on Blockchain and from 2009 to today no one success to give physical shape. Satoshi Nakamota also failed to give any physical form.
If we want to allocate any physical form today then we should first imagine about Satoshi shape that how it will be look like because Satoshi is unit of Btc and not everyone can now buy whole btc because of huge price.
If we want to allocate any physical form today then we should first imagine about Satoshi shape that how it will be look like because Satoshi is unit of Btc and not everyone can now buy whole btc because of huge price.
It is not difficult to create physical bitcoins like fiat or diamonds. But the problem is that it doesn't create any benefit and would also circumvent Satoshi's purpose of creating bitcoins. I mean, how can a physical asset like fiat become decentralized? In my opinion, it's not a good idea to create physical bitcoins to use, it's a bad idea.
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