Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I think that such issues are not so easy to solve. They have to be agreed with someone. Thus, the entire world digital economy could be undermined. It won't be profitable. If I understood you correctly. 
Topic: Will it make sense if someone turned bitcoin into paper money? - page 2. (Read 440 times)
February 25, 2018, 02:53:25 PM
February 25, 2018, 02:49:26 PM
Bitcoin does not make sense if someone translates Bitcoin into paper money because Bitcoin will lose all its benefits if the paper is turned into money, but it can be very logical if both paper money and internet are available, because it can be difficult for you to give your Bitcoin wallet when you go out and shop, but it will be easier to pay as paper money It is reasonable.
February 25, 2018, 02:41:05 PM
I do not think that it is a good idea. Bitcoin`s price is very volatile. How would you, for example, buy some meat in the shop? Now its 20 satoshi, in a minute 22 satoshi.
February 25, 2018, 02:35:28 PM
I think if bitcoin turn into paper money it will causes fraud. Many traders will get out from crypto exchanges and price will fall.
February 25, 2018, 12:22:33 PM
in my opinion it won`t make any sense because it is in the contradiction of the whole crypto market which aims to eliminate fiat currency with the digital one in long term.
February 25, 2018, 12:16:15 PM
There are bitcoin physical coins, it is a paper wallet which you can give to someone face to face. It is the closest to what you have mentioned.
Paper currency and paper wallet is whole of a diff. Thing. But yeah physical bitcoin exist via paper wallet, but he have asked for if btc can be worked as the centrallized conventional monetery system have been working since the time of the bank. Which means he is expecting btc to be acted like conventional monetery system like btc to be acted like dollar pund yen or any other local currencies. Which i personally feel it might not gonna happen cause it will break the whole point of decentralized monetery system concept of btc which makes people realize to be the owner of their own bank and also to be the manager of their own money managing system.
Cheerz
February 25, 2018, 12:09:47 PM
No, this is goes against rules and ideas of Bitcoin's developers. Money is dirty and it's just a papers, that banks can print.
February 25, 2018, 12:05:38 PM
If btc and other crypto coins turned into a paper is a lame and pointless things to be considered or to think as btc and other crypto coins are being valued by local currencies by its supply and demand behaviors throughout the users of it. Btc is the highly liquid financial asset which can easily be exchange into dollars then to any local currencies so there is any no need of it. Thirdly the paper currencies are the currencies of countries which is basically used for to run its conventional monetery system. So, btc cant be in paper cause it wont be a national currecy for a reason.
And the lastly, as a highly value essets to be consider it as a paper which will bear high risk or loss if there is any cheat happened for example duplicaltion of btc-paper. For the high technology doing crime is getting more easy to do.
So btc is good the way it is right now.
Cheerz
And the lastly, as a highly value essets to be consider it as a paper which will bear high risk or loss if there is any cheat happened for example duplicaltion of btc-paper. For the high technology doing crime is getting more easy to do.
So btc is good the way it is right now.
Cheerz
February 25, 2018, 11:33:25 AM
There are bitcoin physical coins, it is a paper wallet which you can give to someone face to face. It is the closest to what you have mentioned.
February 25, 2018, 09:18:16 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I really cannot understand what your intention is and what you are trying to say,hope you are talking about having a currency like bitcoin,can you suggest how a paper currency can be a decentralized one ,just like bitcoin. Hope you understand how bitcoin works, if not please do spend some time learning about it and then all your doubts gets resolved. I just got to ask one thing,do you really think that bitcoin is not acceptable world wide simply because it is not a paper currency. 
February 25, 2018, 08:52:27 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
The hardest part of trying to articulate here is that people are actually using cryptocurrency and then when they have enough profit garnered then they would be able to encash it. WHIch would give them larger capital and then they would try again with the same method. This are all signs that bitcoin are dependent too in some extent to the paper money
February 25, 2018, 08:52:10 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I am afraid you are missing the point. Bitcoin is already accepted by the whole world. Besides Bitcoin is an automatic ledger which is infinitely better than paper money.
February 25, 2018, 08:41:25 AM
If that person turns his bitcoin into money, it makes since if he wants already to bring back his capital. It was his decision, we can not convince him to hold. However, once the price increase, he can not benefited from it since he sold already his bitcoin.
February 25, 2018, 08:35:05 AM
No, it doesn't. If it will happen, cryptocurrency will lose its essence. Bitcoin was created hoping to have a transaction with no paper money.
February 25, 2018, 08:23:48 AM
i think it will same as "real money " , the difference about bitcoin because bitcoin its digital and it will make nosense ithink
February 25, 2018, 08:11:01 AM
how can bitcoin (virtual currency) into paper money? does not make any sense at all. Bitcoin does not print like Fiat currency by the central bank. Bitcoin is produced by volunteers who maintain the Bitcoin network ecosystem through a process called the "mining" term.
February 25, 2018, 07:58:20 AM
if you make paper money out of bitcoin you lose the whole concept op the currency. centralization will happen again and we are back to square one then imo
February 25, 2018, 07:56:30 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
We already have a paper money world! There are 190 different paper currencies to choose from.
Satoshi's breakthrough was how to create digital cash that couldn't be doublespent. It need to be on the net because that's the whole point of it.
February 25, 2018, 07:53:42 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I do not think will make any sense. It would have lost its value when this happens. By that you will make it almost impossible for it to be used for international, border-less smooth transaction and transfer of value.That is correct and it will even make bitcoin loose its anonymity and many governments around the world will be able to impede bitcoin's development and make stringent laws in order to make it appear centralized and under their control unlike what we see now.
February 25, 2018, 06:13:38 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I do not think will make any sense. It would have lost its value when this happens. By that you will make it almost impossible for it to be used for international, border-less smooth transaction and transfer of value. Jump to: