Bitcoin Forum

 :)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  :) :)

Hi Mary,

I have thought about the concept of an off grid currency, that is where true decentralization exists, the need to transaction without a massive network/internet. Where if the internet is limited forcefully by governments, or some sort of disaster happens, 2 or more people can transact, without a trace of a transaction or ledger. I couldn't find anything, the Physical bitcoins were basically keys that you can scan and it would be added to your wallet, but you still need the global blockchain, internet to confirm clear anything, and a way to avoid double spends.

But of course the whole crypto community is focused on enslaving us on a global antichrist blockchain.

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Source: https://en.bitcoin.it/wiki/Physical_bitcoin (https://en.bitcoin.it/wiki/Physical_bitcoin)
List of Physical bitcoin sources. (https://en.bitcoin.it/wiki/Category:Physical_bitcoins)

Indeed a very simple and right explanation. :)
Still if you want to have a physical BTC coin (which one though is a "tough" choise),you can also take a look here (https://bitcointalk.org/index.php?board=217.0).

Don't forget that is a wallet with anything that this entails. Good luck and happy shopping. ;D

Casascius physical bitcoins, also called Casascius coins, are physical metal coins created by Bitcoin user Casascius

(Mike Caldwell, Sandy, Utah, USA) and sold until Nov 26, 2013. The problem is, the government has a monopoly on the

creation of Fiat currencies and they will protect that privilege. Some of these coins are still being traded and sold, but more

as a novelty item. {collectors item}  ;D

Yeah, Casascius to me are really the only items that come to mind when people say "physical Bitcoin". They don't actually exist but Casascius have been used to represent the physical image of Bitcoin, even today by most of the mainstream media. There are plenty of other types of coins, but they're all collectibles and only have value within collector circles, as you can imagine. Just have a wade into the Collectible section of this forum: https://bitcointalk.org/index.php?board=217.0

You'll always find Casascius and others there, you'll be surprised by the quality of workmanship on these things. All the physical crypto coins I own (none are Bitcoin unfortunately) have come sellers or distributors from this forum.

Why would you want to have it? Bitcoin is virtual and does not exist physically but i saw one, a representation of bitcoin which my cousin bought. But that is only as a souvenir or a keepsake.

There are really some physical bitcoins being created but not totally having the essence that do act as a legal one or really on circulation since those coins are just good for collection. You would able to find most sellers of it here on this forum specially on digital goods section where you would able to find out people selling it out. I have bought some physical bitcoins too but those bronze one. ;D

Physical bitcoins already exists, they were being minted in gold with a size of traditional coin. But this are just for collection or souvenir purposes only. When we use it to transact offline, it can be a decentralized anymore.

Me too! I believe there are some on the market out there, let's have a look at eBay

Occassionally the old Physical Bitcoins that were created come up for sale in the Auctions section.

Auctions:
https://bitcointalk.org/index.php?board=73.0

You can make them yourself really easily, you simply need to find any physical object and attach your Public/Private Key to it. Some make theirs look nice in the form of coins.

Most of them can be found at Collectibles section.

Everything you need to know has been said by our fella's here. If you are about to buy one, I've seen some coins out there that has still those fork coins so it's not only bitcoin(physical & virtual) you will get but together with altcoins but the price of course it's adjusted too.

It's not a miracle if you get a physical Bitcoin because this physical Bitcoin still exist in our community, But this is not a available around here, a physical Bitcoin is a highly valuable than any other thing, It has already existed and they are mainly created by gold that's look like our traditional coin. you have to consider that those are really for the purpose of souvenir purpose not for the transaction purpose.

Curious as to how new currencies can be established, printed/minted and issued legally. Bitcoin is legal yes but buying a currency printer from a banknote printer such as for example De La Rue or Oberthur Technologies won't be easy. They will want to see official paperwork from a recognized government.

With governments having an inviolable monopoly over their banknote printing and coin minting operations, how can one legally print or mint a new currency? Privately printing or minting an existing currency is of course unlawful which would fall under counterfeiting laws. But minting a coin which doesn't exist (yet) is not illegal. Or is it?

Or are there laws making it illegal to establish or disseminate a new currency?

I think that you can make your own currency, you won't be recognized by banks etc, but you can definitely start your own token of any kind.

I just don't understand the point though. The whole purpose of bitcoin is that as long as you remember your wallet phrase, you can use it anywhere and transfer it anywhere, and it won't be stolen unless you give your phrase/private key to someone. Doesn't holding physical bitcoin kind of defeat the entire purpose of this? How do you transfer it? How do you protect it?

 There is already a physical bitcoin which is a hardware wallet. As far as I can remember, that was fake or just for fancy. Well, maybe hardware wallet company will create a coin like hardware wallet with bitcoin logo on it in the future. Your thought can be the trigger for it. :)

Yes, there are organization that involve in creating or selling physical bitcoin and OgNasty (https://bitcointalk.org/index.php?action=profile;u=18321) fans club (https://nastyfans.org/mint) is one and here is his auction thread https://bitcointalk.org/index.php?topic=1637562.0. I think the concept behind the creation of physical bitcoin is to be use as a collection for bitcoiners since bitcoin is virtual currency and can not be held but the physical bitcoin are not the real bitcoin.

New physical bitcoin that is being introduced in Japan. They discuss the need for physical bitcoin and show how a Satori Coin works.

I think bitcoin is better off been a digital coin that it is. That was the concept it was created for 'as a digital currency'. But nevertheless, I have heard of and see a physical bitcoin, though I don't have one. Most people believe it will be better off having it when trying to hold for quite a longer term, which might also be good. You can check out in the marketplace section, probably you might see anyone who is willing to sell. Just make sure its the genuine coin.

I think if bitcoin becomes physical then the concept of it being a money online, or digital/virtual currency will be nonsense. I meant no offense on what you like sir or ma'am but this thing we use and we are interested upon is because of the evolving technology and to have our stored online without the concept of getting interference from any third or government party. If it become physical some of it's big advantage would be gone.

This is definitely important, cause now here we are talking about just a funny stuff, such is physical bitcoins. But what about of money psychology? You know, several guys even in early medieval age talked about "good" and "bad" money. And their final state was that bad money wins good money, cause "good money" is an investment itself and/or security tool, like a share for now. Copernic was one of that guys.

So, for my opinion, it is good way to develop virtual money with stable ability to get it in physical way, which may be a silver of gold coin with private key inside.

Decentralized characteristics would really be gone if bitcoin would tend to have a physical form but if this thing would happen it turns out that it is already a centralized stuff because supply can really be extent which those people behind who do support such changes do have the control of it which means its not really decentralized at all.There are coins in the market which symbolize bitcoin but doesn't really act as it should be.

Don't you think it's amazing to have a souvenir in form of a coin which actually really worth over thousands of dollars?
Casascius is the most famous physical bitcoin in the market, it comes in several values:  BTC1, 10, 25, 100 and even BTC1000. You can read it here: https://en.bitcoin.it/wiki/Casascius_physical_bitcoins
It will be more valuable if you store the private key into a gold coin, well Casascius has did that with BTC100 and BTC1000 in gold plated bar. It's really expensive though.

I don't think that would work, because you would need some king of company to produce them, and to guarantee that those physical coins are not forfeited. This is one of the reasons why we have banks, so bitcoin would step back from being a decentralized currency. By being virtual, and relying on the security of the blockchain, you don't need anyone else to do this for you, and that's a key aspect of bitcoin. I don't think a physical version would work.

Once you have physical bitcoin, it is no longer digital and decentralized.
It becomes fiat currency like dollar, pounds and others which are being controlled
and held physically by governments.The idea of bitcoin is to ease transactions across
various geographical divides avoiding laws, regulations, delays and several contriants
posed to fiat currency.

This is a very interesting idea. I feel like it would be very risky to be carrying around one single coin that is worth currently about $11,000 USD. If bitcoin made physical coins I also believe many of altcoins will make them as well. Then people will be carrying around coins instead of money. When you think about it this way we would almost be going back to old roman money where you carry around bags of coins.

I mean this is way beyond what you were talking about. I was just kind of thinking out loud.

You can print your own paper wallet(s): https://www.coindesk.com/information/paper-wallet-tutorial/ (https://www.coindesk.com/information/paper-wallet-tutorial/)

I think it's not possible to see Bitcoin physically. Infact not only Bitcoin but all the other crypto currency also. Because they were designed like this. Crypto currency were launched for only virtual transaction. If Bitcoin comes to real then it will lose it's gained trust and also other positiveness. If you see wisely then you will understand if bitcoin comes real then the smooth, fast transaction won't be possible.
So I think Bitcoin is at it's best the way it is now.

I always think that just incase if we have more bitcoins in physical supply this will change the scenario of btc altogether. As  its virtual many people fear with it and do not put their hand in this cypto world. But if its goes in physical form it would be just like another currency which they use in their respective country and this might change the mindset of more users across world and would have a larger market worldwide with this way.

Then what's the point of cryptocurrency? As it is working as digital currency, why you need to make it physical? In other hand, the cryptocurrency can reduce the risk of getting stolen by unresponsible person because the complexity of the virtual wallet.

Lol, I know a funny story which is about a physical bitcoin. I live in Russia, and here there are some gypsies too...like in Europe. And yeah, just on streets they sold to greedy people physical "bitcoins" for 20-30$ per 1 coin - it was even in news. I was laughing so hard...

3D printer... stick a small usb wallet in the design and woohaa physical bitcoin

Hmm, it will interesting to "touch" bitcoins. I didn't know that this is possible. Thanks for the link!

I've seen it in some media, I think it's just some kind of jewelry.
even I do not know if it is original and worth the same as digital currency. Maybe just a hobby like they collect gold.

Yeah, the best decision in this case to my mind ))))))  ;)
Every person that dream about physical Bitcoin do not understand really what Bitcoin means and how it works, what the benefits are in digital coins and what they really gets when they have physical Bitcoin. Really even funny. How this physical Bitcoin may raise or fall in price? The price may only be for material that it is made from - metal, paper, plastic, gold or whatever. You may touch it, see it,. But I would prefer to see and to have the real digital currency on my wallet the cost of coins that changes into + )))) Lots of physical things you may find in the shop where you may ask to be made for you with the Bitcoin symbol. But it won't be Bitcoin at all. Bitcoin - it is trading process, it is something that you may feel emotionally when you see positive changes in your wallet. ))) and it decentralised, it is transparent and even safe if you remember and follow all the rules.

The community of bitcoin is really powerful and there are lots of big companies paying close attention to bitcoin. I invest in bitcoin because of the bitcoin's rarity and the incremental value of bitcoin in the future.

Local market have golden bitcoins with 0.01BTC value
but prices are so high as they add 0.01BTC value + Gold value + Making fee

I really think physical bitcoin do exist.. we do not even know it but there is another lunge or people uses it to buy and sell some things or goods I have read an article maybe you want to read it also
https://www.google.com.ph/amp/s/www.coindesk.com/10-physical-bitcoins-good-bad-ugly/amp/

Bitcoin transactions require fast, easy and liquidity . None of that attribute will be describe towards a physical bitcoin. So its really not practical to make one . Probably it will be a good souvenir or as jewelry but not to make up to its actual value.

A great idea. With the existence of the bitcoin physical, people will no longer assume the internet network without bitcoin will die.

No its not a good idea, if this happens BTC will be controlled and thus removing its main feature as being a decentralized currency.

I know a group of successful businessmen who created a PHYSICAL Bitcoin  ;D  they've been selling a physical btc coins ordered from China  :D :D :D

I also like the physical coin of BTC. Do not know but why when you hold it, it is like holding a million value worth of coin. Hopefully in coming years the value of btc will rise and it will make us worth that much for a coin. It is also a goods business as people can keep and gift them as a souvenir.

Haha 😂 the most funny thing I have read  all day, it's not a necessity for something to be physical so as to be real, let's look at the the biggest companies like facebook and google, they all don't have physical products  but have changed the way we live in society

There are quite a lot on the market...if they have value is the second question to be asked. :P

Any man or an organization who made a phisical bitcoin carrier are always have access to the bitcoin account printed on this. You'll can't to thust everyone who request you to buy it that he doesn't spend all the bitcoins first after your purchase.

oh physical bitcoin in the less precise sense would be a coin with bitcoin logo minted on

in the absolute precise sense the coin would have to also be a hard wallet cointaining 1 bitcoin.

that is not dividable and the hardwallet must be anytime be examinable for validity.

That's not how it works.
Physical Bitcoin private keys are hiden behind the hologram sticker, if you remove the sticker then you know that the private keys are compromised.
Though it doesn't really matter, people who bought Physical wanted because of their collectible value, not the coins stored inside.

Not quite.
Just because it's a one physical Bitcoin, doesn't mean it has to be one bitcoin stored inside.
Most only has a few BTCs stored inside via a private key either engraved on the coin or behind a hologram.

Bitcoin is divisible, their physical collectibles are not because it is collectibles.

@OP
https://bitcointalk.org/index.php?board=217.0
There are a lot of coins there, although most are second hand product, if  you don't mind you can grab a few :)

ok then bring these "i want physical Bitcoin guys" to me i give them physical bitcoins without real bitcoins on them, for us dollar.

pm me for a physical bitcoin..........................................

Anyone can create physical bitcoin - it is not expensive. Just make Google request you will find many sites like this https://www.crownawards.com/StoreFront/PRR.Custom_Coins.cat

But idea is not good and this coins will not have any value, because many physical bitcoins were created before.

That's right than anyone can create his own physical bitcoin, but not all of them are not expensive, there is some physical bitcoin which Manufactured using gold or some expensive materials, then the coin will be too expensive and sometimes can reach 1 bitcoin for just a physical coin, So if the coin will be too expensive and reach 1 btc, then it will be valuable and not like you said.

If you want physical bitcoin create a hardware wallet the size of a coin then add the bitcoin logo on both sides and you're done!

Will soon, we will have no reality at all  :D. As for me bitcoin will never be physical, due to for this need something like gold or other expensive material or mineral, but the price of bitcoin is very unstable and no one decides to do this attractive but useless thing  ;)

Here it is  ;D
https://cryptocurrency.tech/wp-content/uploads/2017/06/Bitcoin-mempool.jpg

Yeah, I also have it

Is not possible to have a physical bitcoin. Is the plain truth. Bitcoin works on a blockchain and its price is determine by market circulation and demand and supply of it. How do you want it physically. Do you mean storing it in a cold wallet? or you mean holding it physical? The former is possible . To store it in cold wallet. But the later seems complicated. I once saw a gold plated caret in a bitcoin form on Amazon for sale. I think you can go for that type if you still want to see your bitcoin physically. Convert your bitcoin to cash, then let a goldsmith mint a gold coin in a form of bitcoin for you. Hope that will help.  ;D

I see no point holding a physical bitcoin, while you can store the digital bitcoin in your safe wallet.