Topic: Will Bitcoin ever Become Physical coin ? - page 3. (Read 769 times)
Actually there are already bitcoin coins circulating though there are minimal like casascius coin that have value same or more than BTC currently prize. But if having bitcoin coin like our fiat coins is not needed as it will not perform it's purpose of being decentralised, so it's better to have btc in our wallets than actual coins.
Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance physical coin manufactured ?
If you are expecting physical coin for bitcoin then what will be different with traditional payment system? There is physical bitcoin but it's just parabole, not for real uses. If bitcoin create for real use then its will be centralized and bitcoin itself is decentralized. So can't be use real bitcoin in future. The creator of bitcoin is still anonymous, then who will issue real bitcoin. Its impossible in my opinion. Also there is limited supply, when it will manufacture in real life then anyone should print it unlimited, perhaps people will create fake bitcoin and we might so many problems about real bitcoin. I strongly believe it will never happen and it wasn't goal of bitcoin. 
Short Answer: Yes. But why we need it?
Why do we need a physical currency as long as all transactions must be conducted digitally?
Such an adjustment would be at the end of the currency and therefore would only constitute a further burden in its circulation.
You can think of it as digital gifts. If you want a gift of paper, metal or other, the value in the validity of the code and not the type of physical material from which the currency.
Why do we need a physical currency as long as all transactions must be conducted digitally?
Such an adjustment would be at the end of the currency and therefore would only constitute a further burden in its circulation.
You can think of it as digital gifts. If you want a gift of paper, metal or other, the value in the validity of the code and not the type of physical material from which the currency.
No the creator of bitcoin not had the idea to create a phisical coin, he create it and he think this will be a new payment method and people will use it more instead of cash system, and i hope to really happen.
There's no official legal tender since the founder is anonymous, so nah. Else we'll be seeing a shitton of fake BTC coins.
I don't think it's possible to be a physical coin, because cryptocurrency is for the digital eye so there is no physical form, blockchain is a technology for the future so I think in the future all transactions use digital, if bitcoin becomes physical money what about the fate of Fiat cash and others I could not understand it.
That defeats the whole purpose. You may as well just use cash then. Or if you don't want to use fiat, you could use some form of gold or other rare metal.
It also wouldn't be as easy as passing around a private key, because you have no way of knowing the previous owner didn't make a copy of it and spends it even when he passed on its physical copy.
There's just so many better, easier and cheaper alternatives for physical money than bitcoin. It doesn't really make sense to use it for that.
It also wouldn't be as easy as passing around a private key, because you have no way of knowing the previous owner didn't make a copy of it and spends it even when he passed on its physical copy.
There's just so many better, easier and cheaper alternatives for physical money than bitcoin. It doesn't really make sense to use it for that.
If you mean a physical coin that could be use the same way we can use physical cash almost trustlessly, most likely not. For this to happen, a centralized authority would need to do the manufacturing of the physical "coins".
If you're really that interested though, the best we have right now is a paper wallet or an Opendime[1]. It's probably just a good idea to swipe the funds at the moment you receive them.
[1] https://opendime.com/
If you're really that interested though, the best we have right now is a paper wallet or an Opendime[1]. It's probably just a good idea to swipe the funds at the moment you receive them.
[1] https://opendime.com/
There are some Bitcoins stored on Paper Wallet as well, You can use it to give to others as a gift card. Of course, you need to give it to someone who already knows how to use it. As for the physical coin itself, there are some of it at the Amazon but they already removed it for a possible scammed attempt of some abusive sellers. I don't think it would be necessary to create one physical bitcoin coin because the idea behind using bitcoin is to promote the use of digital money.
For official business purposes? I doubt so. It being a virtual currency helps a lot in terms of efficiency and really makes it easier in terms of storage, transactions and the like. It could be used as a type of wallet though like a single coin like wallet holds this amount of satoshi and such but I doubt it would be mass-produced. It'll most probably be used for events such as prizes, souvenirs and the like though. Also, OP should probably post this in Bitcoin discussion instead? I don't think this fits into the category of Beginners & help.
You can already find a bitcoin 'coin' that contains some satoshis with its private key printed on it. Of course, it's not safe to be used for storing a large amount of money, but it's cool and fun.
Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance physical coin manufactured ?
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