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Topic: Will Bitcoin ever exist in currency notes? - page 4. (Read 19807 times)

jr. member
Activity: 119
Merit: 6
Hello =)
Well, I think not! Bitcoin is the first ever digital currency and the strongest brand name of cryptocurrency. It gained popularity because of its digital nature. With the decrease in the value of fiat currency, people are more interested to invest in this market because it is free from all the government and banks control.
All the buyers and sellers can contact each other through technology and transactions can be made within seconds through the internet. Being said with that, I don't think its ever going to exist as currency notes.
jr. member
Activity: 205
Merit: 1
It will never exist in currency notes because the main idea why bitcoin was invented in the first place to introduce the best untangible digital currency to do transactions without any baririers but if we gives a physical form to bitcoin it destroy the main vision of it but if btc can exist in both physical and non physcal forms it might be a advantage to expand more into local areas in the world because majority of people doesn't have IT facilities but that is imposible to happen
member
Activity: 406
Merit: 10
What for? Digital currency on the contrary invented to get away from these extra pieces of paper. Then why turn the bitcoin into cash? This is unnecessary, and it is unlikely to happen.
newbie
Activity: 14
Merit: 0
It may interest you to note of that the bitcoin strategy has been acknowledged and actualized by a few banks. Not very far in the past, I read a post on this stage which worried on the realities that there are bitcoin ATMs in a few sections of the Europe and United States.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
The answer is yes if someone with a lot of bitcoins decides to do it they can do it and there would be nothing to stop them.

The problem is who would accept them and can they be stripped of the btc backing them.
Then how will the transactions be recorded? Someone with a lot of bitcoins doing something - doesn't that make the system a bit centralized. I don't think anyone will want that. Again, what will be the use of those physical currency note? That makes the usage somewhat weak. We wanted to transfer the coins from one boundary to another with ease and no third party being involved. Making physical notes will not help in that case. Again, its going to be a bit hassle  to identify fakes notes from the real ones.
legendary
Activity: 4172
Merit: 8075
'The right to privacy matters'
The answer is yes if someone with a lot of bitcoins decides to do it they can do it and there would be nothing to stop them.

The problem is who would accept them and can they be stripped of the btc backing them.
full member
Activity: 350
Merit: 102
maybe in the future it will happen that we can withdraw our bitcoin into a fiat or deposit our fiat into deposit instantly using Bitcoin ATM, but fir right now it will not happen, because of the policy in all country in the world
What are you talking about? Already there are many bitcoin ATMs in different countries across the globe. With their help, you can buy bitcoins (like some other crypto currencies) and withdraw your bitcoins (and some other crypto currencies) to fiat. So this is not a ghostly future this is the real reality.
Here is a link where you can find more information on this issue.
https://coinatmradar.com
As well as a quick visual hint:
member
Activity: 574
Merit: 11
in my own country there is also a bitcoin ATM, the way the ATM works is we send the bitcoin we have and the money(Fiat) will come out of the machine. besides that there are also many restaurants that accept the bitcoin payment method.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
The question is " how will these ATMs  operate?" Will customers withdraw money in the form of Bitcoin notes or fiat??? Please share your views on this topic. I need clarifications.

I think the ATM will operate like the other ATM and I think that machine already had a converting currency from bitcoin into fiat, so we don't have to confuse how it works. The user will withdraw money in the fiat form, and it could be a local fiat form which they can use to buy something. Unfortunately, I don't have any experience for using that machine so I don't know exactly and maybe later if I can travel to the country which has a bitcoin ATM, I will try it.
sr. member
Activity: 1162
Merit: 251
No i guess no
Bitcoin is digital currency and will remain digital
There is also a question who will issue bitcoin notes
I can't imagine it will ever happen
Thats right, it's the same as walking backwards when bitcoin issues its paper version. we have educated people to live more comfortably and more sophisticated using digital and virtual currencies. then no way for bitcoin has a paper version
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
The existence of ATMs in several countries is only to overcome the problem of difficulties in transactions because when making a transaction not everyone receives payment in the form of bitcoin so that this ATM is very necessary to convert bitcoin into money.



Yes the thinking of be kind to be printed in the currency notes will be good to improve the Bitcoin value and the popularity also very easily but with swelling printing the currency to normal currency it will be make the uniqueness to be normal for Bitcoin.
The i did like to ask is; who will print the Bitcoin currency note? Will other country allow the United State(USA) to create the Bitcoin currency note just because they are the world leader?

For Bitcoin to ever exist in currency notes is not achievable now or even in the nearest future. Bitcoin ATM are there to make the transactions simple and easy for holders to transfer or to buy from exchanges without opening the computer or phone.
full member
Activity: 910
Merit: 100
I'm sure that this will never happen. In the age of high technology and digital money, this action is at least unwise. I think that over time, many countries will abandon paper fiat currency. Of course, fiat is unlikely to disappear completely but it will remain in the form of plastic cards. And bitcoin will never be printed, since it will be at variance with its original purpose.
newbie
Activity: 22
Merit: 0
It depends tho, maybe we just have to wait a little bit more time. For now, bitcoin is getting all the hate because of its downfall and a lot of people are turning their back against it but we, people who believes that it will definitely have its hot comeback very soon will wait until its recognized once again as the greatest crypto and we will receive the currency notes we've been wanting to get. Wink
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
Bitcoins can be backed by fiat currencies and it is possible if any government allows if not there will be any physical form of bitcoin currency notes and you really do not need one as bitcoins are transacted through a online protocol and all the transactions will be recorded in the blockchain, bitcoins are transferred from senders wallet to the receives wallets through internet nodes making it secure from third party usage. Bitcoins ATM's allows to convert Bitcoins to fiat current and vice versa and that is more than enough for the time being. Wink
Ucy
sr. member
Activity: 2576
Merit: 401
This won't be necessary when cash is banned and when we begin to buy and sell without physical currencies.
No true physical Bitcoin or Bitcoin note exists as far as am I know. They all still depend on Internet/satellites
full member
Activity: 1316
Merit: 126
Possible scenario for the future: instead of receiving bitcoin deposit directly into a specified address from ATM, the ATM may provide a currency note like paper with public and private keys printed on it.  Smiley
For now there is no bitcoin currency record. But for the future it might happen, when bitcoin becomes a digital currency that is widely used in many countries.
Bitcoin is heading towards the digital age, which will be used by many users around the world.
We are now in digital age as online transaction here started.  Yet,  bitcoin isn't listed as legal coin but somehow  many were using it for purchasing and so bills payment.
Due to crypto development and continuous growing,  it could have a huge possibilities that it will be legalize.
member
Activity: 397
Merit: 10
Possible scenario for the future: instead of receiving bitcoin deposit directly into a specified address from ATM, the ATM may provide a currency note like paper with public and private keys printed on it.  Smiley
For now there is no bitcoin currency record. But for the future it might happen, when bitcoin becomes a digital currency that is widely used in many countries.
Bitcoin is heading towards the digital age, which will be used by many users around the world.
sr. member
Activity: 770
Merit: 250
I think that such ATMs rather help to conveniently transfer Fiat currency to bitcoin. After all, bitcoin has no material form and therefore it can not be cashed. It is difficult to say whether bitcoin will be used as a currency. So far it is not very convenient.
hero member
Activity: 1040
Merit: 538
Defend Bitcoin and its PoW: bitcoincleanup.com
Bitcoin is about digitalizing decentralizing money. It stand out that way, making it like fiat would take out it's uniqueness. As for ATM's, they work like a fast converter from fiat to Bitcoin and vice versa. You need a phone wallet or qr code and you can 'trade' with the machine and you will recieve funds on the wallet, no need for notes.
member
Activity: 1204
Merit: 38
The existence of ATMs in several countries is only to overcome the problem of difficulties in transactions because when making a transaction not everyone receives payment in the form of bitcoin so that this ATM is very necessary to convert bitcoin into money.



Yes the thinking of be kind to be printed in the currency notes will be good to improve the Bitcoin value and the popularity also very easily but with swelling printing the currency to normal currency it will be make the uniqueness to be normal for Bitcoin.
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