Bitcoin Forum

The British Mint is planning to issue gold-backed physical Bitcoin. The British Mint is planning to issue gold-backed physical bitcoin. If it is really released, will everyone start it?

Without real objects, all of them are virtual currency and virtual transactions. If physical currency is issued, it will have more or less impact on other international currency networks. At that time, Bitcoin will face tens of ambush situations. Go to Babbitt to see it. There is a lot of information in this area.

No. You can't touch Bitcoin because it's actually software. You may have seen pictures of bitcoin-like gold coins online, but those are souvenirs and cannot be converted to actual bitcoins.

There is existing which is called casascius.

https://en.bitcoin.it/wiki/Casascius_physical_bitcoins

You can see many sellers on the Collectibles. (https://bitcointalk.org/index.php?board=217.0)

if that's true as it is, it's great. so that digital currency in the form of bitcon or altcoin which usually only we can see the picture only. now we can see the form and shape directly in this real world .
which is my question whether the price will be the same as listed in the digital world of bitcoin. ??

Yeah you are right but it is an one time usable coin once we import them into the wallet then it has no value,so it is actually like for buying the bitcoin but we can't use it in daily life and it is impossible to create a physicl bitcoin which can be used regulary because of its liquidity.

Physical Bitcoin is not Bitcoin. That is the very definition of fake news.

I think asset backed coins is going to be the next evolution to this technology. I am hesitant to invest in anything where the asset class is controlled and manipulated by governments. Who knows how much physical gold are really stored in Fort Knox for instance? <Lots of rumors says it is gone>

Just give me a coin that are backed by the market supply & demand and not controlled by governments, because they can take it away in an instant.  

you have to either share more information about details of this or give the link to where you are getting this from so we can talk about it. maybe you misunderstood what it means, maybe they are making their own altcoin not a physical thing based on bitcoin.
or maybe it is as batang_bitcoin above said, a physical bitcoin.


not always. a physical bitcoin is basically an object with a key pair (private/public key) written on it. that object can be a piece of paper, a plastic, metal, ... in different shapes and sizes containing actual keys and coins.

pretty interesting that when i search this term in google i find articles from 2013 with exactly the same title of "UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoin" and then articles that are copy paste of the same exact thing dating for yesterday!

here is the 2013 article from Zerohedge
https://www.zerohedge.com/news/2013-12-01/uk-royal-mint-working-plans-issue-gold-backed-physical-bitcoins

so the question is, did the news sites run out of click-baits to post that they have to now repost ancient news?

I suppose it is not good idea. One of the criptocurrency advantages is using blockchain technology to track transactions. How to do it with physical BTC?

Not it's not physical money is what currency we used today. Bitcoin is decentralized currency that we used online. We used it for online shop, paying bills, trading or mining. But if their is a chance that bitcoin is became physical money now it's better for our future. Because some of us are excited to happen that bitcoin it became physical money.