Topic: Will Bitcoin ever exist in currency notes? - page 6. (Read 19874 times)
it seems not for the world of paper currency but for digital money, because bitcoin is very popular among the internet as a substitute for paper money if you make purchases or payments in the online world
Bitcoin is a digital currency of it own, it is decentralized , making currency note of bitcoin will make it to look like other note currencies and it will affect the value of bitcoin in the market, and it will be control.
In my opinion I don't think the note will ever come in existence, the ATM is already OK.
In my opinion I don't think the note will ever come in existence, the ATM is already OK.
Obviously bitcoin is decentralized in nature if it comes in currency note then the value of btc will fall and some authority or centralized control will take place to print the currency and maintain it. Bitcoin is built to be used as virtual currency in order to avoid theft, fraud in the society. BTC transaction is secure and it is difficult to hack that is why bitcoin came into existence.
Bitcoin is a digital currency of it own, it is decentralized , making currency note of bitcoin will make it to look like other note currencies and it will affect the value of bitcoin in the market, and it will be control.
In my opinion I don't think the note will ever come in existence, the ATM is already OK.
In my opinion I don't think the note will ever come in existence, the ATM is already OK.
With the way bitcoin keeps falling and remains unstable i doubt if it will achieve that
There is no way of printing the Bitcoin to the currency note will not be happen right now but thinking about using Bitcoin AC and normal currency is a good idea but technically virtual currency will be the most powerful and easiest way of transaction also so printing blockchain currency will not be useful much more much more than using them online
With the way bitcoin keeps falling and remains unstable i doubt if it will achieve that
The ATM for bitcoin should be in all countries where the currency is not forbidden. It would be a real help. We should not change the currency of our country in euros, then the euro in bitcoin. It will make our work much easier, new to those crypto market enthusiasts. The emergence of these ATMs encourages investment in Bitcoin and also promotes cryptocurrency. It is a step forward for the crypto market development.
first time I hear about bitcoin ATMs...really curious how it works
It's not as of yet a popular feature and it's still being adopted in few countries,its an ATM but has no affiliation with a bank,but with a cryptocurrency exchange instead.And it's simply helps convert bitcoins into fiat currencies,or from fiat into bitcoins all through one exchange or the other and not a bank
You can research if you have one in your area and try and make use of it if you fancy it's features
first time I hear about bitcoin ATMs...really curious how it works
I think it's better to stay in the virtual world, one of the strongest.
Yes you are correct when comes to currency notes but cannot be suitable for that it will be more comfortable while it was in the virtual mode then Bitcoin will also comes to normal currency it will also be considered as normal currency.
I think it's better to stay in the virtual world, one of the strongest.
It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.
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.
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.
If bitcoin notes will be created in cryptocurrency, then we don't need crypto wallet anymore.
I think it is better for bitcoin and altcoins to keep stored in the digital wallet to avoid any kind of counterfeit.
Down to date, there is no one can create a fake btc or other counterfeit altcoins in cryptocurrency world, so it is safer.
in my opinion bitcoin will enter into world currency records depending on the attitudes and decisions of every world government, if they find a solution to the problem of bitcoin problems, in my opinion the government will include bitcoin as a currency.
It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.
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.
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.
Its just converting bitcoin to paper money. Bitcoin always remain as cryptocurrency and it will not be a paper money because its decentralized cryptocurrency. I think its impossible creating bitcoin notes, because bitcoin is decentralized and no one authorities can control it
I think one can exchange bitcoin for fiat but cant have bitcoin currency notes for now because if that is done then the aim is de fitted but I believe that it will work perfectly well for bitcoin users.
As far as i know this is forbidden right now, the whitepaper says something about it. But i really want to have the bitcoin in currency notes in ATM's. Just think about it? Everyone would buy bitcoin that time i believe. And ofcourse it would effect the markets in very positive ways. The price go higher and i think we can use the bitcoin notes in everywhere in the world just like American Dollar.
Never gave a though to it but is an interesting question. If it is decentralized, then what institution would issue bitcoin banknotes?
We can exchange our bitcoin on local market also. It doesn't refer that bitcoin is a fiat currency. By ATM machine, we can exchange our bitcoin to fiat currency. Bitcoin is a decentralized and it is a digital currency. If it is a fiat currency, it will be centralized but it is not. ATM doesn't operate digital currency.
I guess cryptocurrencies were made with a motive to partially or completely replace physical transaction. But complete currency note replacement is not possible, at least in the next 100 years. Nevermind, but my point is why is it even expected or asked if Bitcoin is going to be in currency notes ever. Then what is the point of cryptocurrencies? The ATMs basically will provide you with local fiat currencies in exchange for your Bitcoin considering the current value at the time of withdrawal.
I think we should move away a bit from all these financial methods that use paper, the future of money is electronic, less and less cash is used, bitcoin ATMs work with your phone or an electronic wallet, so there is no need to use cash, because most people have their money/btc electronically.
I don't see it happening because notes are becoming obsolete all around the world. In developed countries more than 50% of all transactions is done electronically and 20 years ago almost none of them were. People who lived in the 90s were used to carrying wallets full of money. Now they sometimes don't have any cash with them and have to run to the ATM when a store terminal breaks.
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