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Title: What happens if bitcoins are made in physical form? Post by: apilpirman.bisnis on December 10, 2017, 04:10:59 AM Actually this topic has been discussed in bitcoin forums in my country, and they give various interesting opinions about the concept of bitcoin physical formation. Approximately according to friends from all over the world what if bitcoin is made in physical form?
Title: Re: What happens if bitcoins are made in physical form? Post by: roddy5 on December 10, 2017, 04:21:46 AM There was a physical bitcoin before that was minted by casascius (https://www.casascius.com/) before but they were stopped by the US government because of some legality issue. The coins are being priced now more than it's value. I saw one in the auction section BTC 1 coin was sold for 4 times the value.
Title: Re: What happens if bitcoins are made in physical form? Post by: Ck1234 on December 10, 2017, 06:58:30 AM They will be sold on eBay for extravagant prices.
Just look up Casacious, Lealana, or Satori Bitcoin. There is even a 3rd party grading company, ANACS that will grade the condition of the coin / token. I bought a satori bitcoin just a few months ago for $35 and now the price on eBay is over $150. They are pretty cool to have and hold. Title: Re: What happens if bitcoins are made in physical form? Post by: johnrickdalaygon on December 10, 2017, 07:05:03 AM If bitcoins will be made in physical form it will be managed by the banks and everything is going to be transparent and no anonymous transactions will be happen. It has no different in Fiat money if this will happen.
Title: Re: What happens if bitcoins are made in physical form? Post by: shadow404 on December 10, 2017, 07:10:43 AM I guess if bitcoin is made in physical form maybe the price will settle and will not have ups and downs, if this happens whether bitcoin will be this well known? chances are not that bitcoin is famous because they are virtual rather than physical. Title: Re: What happens if bitcoins are made in physical form? Post by: Kprawn on December 10, 2017, 07:25:58 AM Casascius coins {Physical coins} are not practical. One of the most beneficial and practical aspects of Bitcoin is the fact that
you can send bitcoins to anyone in the world, within a few minutes at a very low fee. You can also send ANY amount. If you have to deal with physical coins, then you will nullify that advantage that Bitcoin has over physical coins. {Also called Fiat} Bitcoin was created to be better than Fiat currencies, not to copy cat them. ;) |