What happens if bitcoins are made in physical form?

Kprawn

legendary

Activity: 1904

Merit: 1074

Casascius coins {Physical coins} are not practical. One of the most beneficial and practical aspects of Bitcoin is the fact that

you can send bitcoins to anyone in the world, within a few minutes at a very low fee. You can also send ANY amount. If you

have to deal with physical coins, then you will nullify that advantage that Bitcoin has over physical coins. {Also called Fiat}

Bitcoin was created to be better than Fiat currencies, not to copy cat them. Wink

shadow404

newbie

Activity: 66

Merit: 0

I guess if bitcoin is made in physical form maybe the price will settle and will not have ups and downs, if this happens whether bitcoin will be this well known? chances are not that bitcoin is famous because they are virtual rather than physical.

johnrickdalaygon

full member

Activity: 182

Merit: 100

If bitcoins will be made in physical form it will be managed by the banks and everything is going to be transparent and no anonymous transactions will be happen. It has no different in Fiat money if this will happen.

Ck1234

newbie

Activity: 55

Merit: 0

They will be sold on eBay for extravagant prices.

Just look up Casacious, Lealana, or Satori Bitcoin. There is even a 3rd party grading company, ANACS that will grade the condition of the coin / token.

I bought a satori bitcoin just a few months ago for $35 and now the price on eBay is over $150. They are pretty cool to have and hold.

roddy5

full member

Activity: 220

Merit: 100

There was a physical bitcoin before that was minted by casascius before but they were stopped by the US government because of some legality issue. The coins are being priced now more than it's value. I saw one in the auction section BTC 1 coin was sold for 4 times the value.

apilpirman.bisnis

member

Activity: 504

Merit: 10

Actually this topic has been discussed in bitcoin forums in my country, and they give various interesting opinions about the concept of bitcoin physical formation. Approximately according to friends from all over the world what if bitcoin is made in physical form?

Topic: What happens if bitcoins are made in physical form? (Read 181 times)