Topic: Will Bitcoin ever exist in currency notes? - page 8. (Read 19874 times)
Bitcoin is a virtual currency that does not exist in physical form. Bitcoin ATMs dispense fiat currency after the value of has been exchanged from bitcoin to be withdrawn in fiat currency
I think basically bitcoin ATM is just a machine that helps in exchange of bitcoin to fiat and fiat as well to bitcoin, it does not necessarily has anything to do with the bank or any form or sort of bank.
If bitcoin would be so easily replaced, then the problem would turn to “will cryptocurrency ever exist...”
if for digital currency, of course, but for the world currency, it doesn't seem to be, because bitcoin is transparent and bitcoin is also seen as an asset or like a stock to earn income....
I don't think that is possible to do as Bitcoin is a digital currency not fiat that can be printed and if it were printed , how with it be monitor on the wallet and what will the mean of exchange it? And it will not be recorded in the block which is the main ledger for Bitcoin and that makes it sound not a digital currency any more.
I think the physical form of bitcoin is cassacius and it can be used only once,the bitcoin ATM is not foe withdrawing your bitcoin in physical form it is just to exchange your physical currency notes into bitcoin and send them to your wallet or you can sell your bitcoins and can get the notes from ATM machines.
Unless I am mistaken, my answer to your question is simple. The ATM machine serves as an exchanger. You go there to convert your bitcoin in fiat. It doesn’t necessarily mean you are taking notes of bitcoin. You only get the local notes for your bitcoin.
In my country, this is done through a bank online exchanger, but without an ATM. I transfer to the proposed bitcoin address, and they transfer Fiat to the indicated plastic card of this bank.
I do not think bitcoin will exist in a currency notes, we all know that this is a digital currency without any physical things that can hold by a person who have this and being decentralized currency many people was attracted to used or spend it because it was hussle free unlike a fiat. I like bitcoin as decentralized.
The problem in my opinion is not about coming up with bitcoin notes but the various factors and conditions that needs to be gotten right in other to have a note currency is the challenge which largely makes it possible for bitcoin to have a note.
To have a note currency means there would need to be a body that would be in charge of all the logistics attached to that line of decision. The mint company, knowing the amount that is exactly needed, providing the fund to ensure that quality and what cannot be adulterated is printed, recruitment of those that would be in charge and also to organise the security that surrounds all of these functions. Looking deeper one wold realize its largely impossible to get these things in place in addition that, it would negate the existing principle of bitcoin to have such.
To have a note currency means there would need to be a body that would be in charge of all the logistics attached to that line of decision. The mint company, knowing the amount that is exactly needed, providing the fund to ensure that quality and what cannot be adulterated is printed, recruitment of those that would be in charge and also to organise the security that surrounds all of these functions. Looking deeper one wold realize its largely impossible to get these things in place in addition that, it would negate the existing principle of bitcoin to have such.
You can have a paper btc wallet, but I doubt there will be a paper btc than you can pay with in a supermarket. That would be funny, though.
I think if bitcoin in paper form doesn't make sense, because bitcoin was created as a digital currency whose initials are like coins. bitcoin is very valuable in the digital world, if in the real world I think bitcoin is worthless.
if we users can change legitimate bitcoin as an official currency and also be ready to use it in every society and also the people around us, we can also make this currency the main currency in the world or also in some major countries as a benchmark price that will released.
Bitcoins are digital currency and will never get converted into currency notes.
In fact paper wallets, storable physical coins etc can get in huge demand but i dont think that bitcoins will ever be in currency notes.
In fact paper wallets, storable physical coins etc can get in huge demand but i dont think that bitcoins will ever be in currency notes.
We all know that bitcoin already exists as a form of currency. I believe that bitcoin is truly a crypto digital currency, which is really safe to use and can also help as an advantage through investment.
You can have a paper btc wallet, but I doubt there will be a paper btc than you can pay with in a supermarket. That would be funny, though.
I do not think that bitcoin will ever be in currency (Note) because it is created on digital tendencies where it can effectively run on blockchain. Yes, there are series of Bitcoin ATM machines installed in some European cities and latest being in Philipines, this is a good news to the efforts being made to widen the adoption of bitcoin and its usage. The ATM may have an interface where the digital value of Bitcoin will be converted to note currency during withdrawal.
I think that we don't need to doubt or question Bitcoin. Its presence to this point proves that.Bitcoin will survive and will even exceed our expectations. Although Bitcoin is falling.We believe it.
I think bitcoin will be the most mysterious historical record with fluctuating prices, and as a more valuable currency. What makes bitcoin more popular and valuable with mining limits is only 21 million thousand coins.
Bitcoin and the other crypto coins, as their names say, are crypto coins, which will never turn into coins. That marks this market as an alternative to FIAT coins. If Bitcoin had adopted as a physical currency, it would practically not be a decentralized cryptocurrency, which is impossible. Looks like you have a misunderstanding about how ATM ATMs and the crypto market work.
The concept of Bitcoin is a digital a cashless based payment system, so no need of creating notes and Bitcoin Atm is where you can convert/withdraw your Bitcoin into fiat.
Unless I am mistaken, my answer to your question is simple. The ATM machine serves as an exchanger. You go there to convert your bitcoin in fiat. It doesn’t necessarily mean you are taking notes of bitcoin. You only get the local notes for your bitcoin.
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