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Title: closed Post by: pandamatrix on August 06, 2014, 12:51:08 AM -
Title: Re: newbie question physical bitcoins Post by: ANTIcentralized on August 06, 2014, 02:06:28 AM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything.
Title: Re: newbie question physical bitcoins Post by: Yakamoto on August 06, 2014, 02:39:45 AM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything. I think along the same lines as this.Physical Bitcoins don't necessarily have a value, unless there is a wallet stored on the coin. Otherwise, why don't I go make a bunch of copper physical Bitcoins, and sell them for $600? See where I'm going with this? Physical coins are just for show, unless you have an urge to print out a copy of your wallet onto paper. Title: Re: newbie question physical bitcoins Post by: ncsupanda on August 06, 2014, 02:58:06 AM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything. I think along the same lines as this.Physical Bitcoins don't necessarily have a value, unless there is a wallet stored on the coin. Otherwise, why don't I go make a bunch of copper physical Bitcoins, and sell them for $600? See where I'm going with this? Physical coins are just for show, unless you have an urge to print out a copy of your wallet onto paper. There's a fairly good market for these coins as collectors items though. Title: Re: newbie question physical bitcoins Post by: notlist3d on August 06, 2014, 03:28:30 AM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything. I think along the same lines as this.Physical Bitcoins don't necessarily have a value, unless there is a wallet stored on the coin. Otherwise, why don't I go make a bunch of copper physical Bitcoins, and sell them for $600? See where I'm going with this? Physical coins are just for show, unless you have an urge to print out a copy of your wallet onto paper. There's a fairly good market for these coins as collectors items though. I would agree it's more of a collectors item. Some made of certain things silver/gold yes do have value on their own. They are a cool item you could put your key in and put in a safety deposit box or something. But most likely you will be better off keeping coin "mint" as it seems to be collector's items. Title: Re: newbie question physical bitcoins Post by: valvalis on August 06, 2014, 03:51:24 AM physical bitcoins doesn't have any value. Physical bitcoins just for collection. Why are you using bitcoin if you make it to physical thing? It makes bitcoin same as fiat.
Title: Re: newbie question physical bitcoins Post by: BTCfan668 on August 06, 2014, 03:54:07 AM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything. I think along the same lines as this.Physical Bitcoins don't necessarily have a value, unless there is a wallet stored on the coin. Otherwise, why don't I go make a bunch of copper physical Bitcoins, and sell them for $600? See where I'm going with this? Physical coins are just for show, unless you have an urge to print out a copy of your wallet onto paper. There's a fairly good market for these coins as collectors items though. Title: Re: newbie question physical bitcoins Post by: ranochigo on August 06, 2014, 01:20:28 PM physical bitcoins doesn't have any value. Physical bitcoins just for collection. Why are you using bitcoin if you make it to physical thing? It makes bitcoin same as fiat. They have bitcoin value if there are loaded BTC inside. To redeem those BTC, the user can just tear off the hologram and redeem it. Physical Bitcoin are usually just for display purposes, Newspaper and magazine can't represent BTC well without physical things and pictures. Redeemed Physical Bitcoin can be resold again, for collectors usually.Title: Re: newbie question physical bitcoins Post by: elliwilli on August 06, 2014, 01:48:17 PM As others have said physical bitcoins are a novelty/collectors item, no-one really accepts them as a method of paying in bitcoin because they are possible to counterfeit.
From what i know Cassius coins are the best and i had not heard of titan until this post so... do what you want though, they are a awesome novelty/collectors item. Title: Re: newbie question physical bitcoins Post by: InwardContour on August 06, 2014, 03:17:06 PM You can find some examples of the physycal bitcoins here in the bitcointalk market section,
they are usually sold to collectors. There are some rare editions which are very expensive. Title: Re: newbie question physical bitcoins Post by: Peter882 on August 07, 2014, 01:07:26 PM physical bitcoins doesn't have any value. Physical bitcoins just for collection. Why are you using bitcoin if you make it to physical thing? It makes bitcoin same as fiat. As a collector's item, physical bitcoin has a high value. Check https://bitcointalk.org/index.php?board=51 and you will see people selling their physical bitcoin for way more than the face value (for example https://bitcointalk.org/index.php?topic=726914.0). Title: Re: newbie question physical bitcoins Post by: BeatMo on August 07, 2014, 01:19:36 PM Physical bitcoin cannot exist, because Bitcoin is a string of characters. How can it be physical?
Title: Re: newbie question physical bitcoins Post by: some1 on August 07, 2014, 01:30:57 PM Hi, I've been spending some time trying to figure this out, but I think I need to hear the thoughts of some more experienced people. I'm interesting in buying a physical bitcoin (yes, I'm super late to the party). Thinking either a Casascius 0.5 being resold somewhere, or one of the Titan Bitcoin coins. Questions are thusly: 1. Do you think a Casascius 0.5 has any value going forwards, or is this the top of some kind of bubble? What's a fair price, today? If only I had a time machine... 2. What do you think of the Titan Bitcoins? Any other ideas/thoughts? Thanks! I don't think a physical bitcoin has bigger value than an electronic one. Why don't you make a paper wallet yourself? You can easily find a guide in this forum. Title: Re: newbie question physical bitcoins Post by: Peter882 on August 07, 2014, 04:43:10 PM Physical bitcoin cannot exist, because Bitcoin is a string of characters. How can it be physical? Someone generated a private key, sent some bitcoin to the address, and sealed the private key inside the physical coin with some protection. Of course, you need to trust the manufacturer for really putting the private key inside the coin but not keeping a log of the private key. :) Title: Re: newbie question physical bitcoins Post by: leezay on August 07, 2014, 05:04:37 PM Physical bitcoin cannot exist, because Bitcoin is a string of characters. How can it be physical? Someone generated a private key, sent some bitcoin to the address, and sealed the private key inside the physical coin with some protection. Of course, you need to trust the manufacturer for really putting the private key inside the coin but not keeping a log of the private key. :) Kind of defeat the whole purpose cryptography having someone else peak at the key. Title: Re: newbie question physical bitcoins Post by: lynn_402 on August 07, 2014, 05:28:24 PM Physical bitcoin cannot exist, because Bitcoin is a string of characters. How can it be physical? Someone generated a private key, sent some bitcoin to the address, and sealed the private key inside the physical coin with some protection. Of course, you need to trust the manufacturer for really putting the private key inside the coin but not keeping a log of the private key. :) Kind of defeat the whole purpose cryptography having someone else peak at the key. They are mostly used as novelty thought, so in that case security is not that important. Title: Re: newbie question physical bitcoins Post by: DhaniBoy on August 10, 2014, 06:58:12 PM Hi, I've been spending some time trying to figure this out, but I think I need to hear the thoughts of some more experienced people. I'm interesting in buying a physical bitcoin (yes, I'm super late to the party). Thinking either a Casascius 0.5 being resold somewhere, or one of the Titan Bitcoin coins. Questions are thusly: 1. Do you think a Casascius 0.5 has any value going forwards, or is this the top of some kind of bubble? What's a fair price, today? If only I had a time machine... 2. What do you think of the Titan Bitcoins? Any other ideas/thoughts? Thanks! physical coins of bitcoins is not important for me, how to get BTC is more important, having much BTC and can buy anything is my dream, thanks ... Title: Re: newbie question physical bitcoins Post by: Sonny on August 10, 2014, 10:54:12 PM To be honest, I can't really understand why people buy those physical coins at a high premium, and some even pay good money for unloaded coins.
Title: Re: newbie question physical bitcoins Post by: aronnov on August 10, 2014, 11:18:47 PM Hi, I've been spending some time trying to figure this out, but I think I need to hear the thoughts of some more experienced people. I'm interesting in buying a physical bitcoin (yes, I'm super late to the party). Thinking either a Casascius 0.5 being resold somewhere, or one of the Titan Bitcoin coins. Questions are thusly: 1. Do you think a Casascius 0.5 has any value going forwards, or is this the top of some kind of bubble? What's a fair price, today? If only I had a time machine... 2. What do you think of the Titan Bitcoins? Any other ideas/thoughts? Thanks! more important is the value of bitcoin than physical bitcoin, if physical bitcoin increase taxes good, the value of bitcoin will decrease Title: Re: newbie question physical bitcoins Post by: Bitcoins101 on August 11, 2014, 12:41:06 PM I personally do not see any value in physical bitcoin. Bitcoin gets it value from the security of the network and blockchain. Having something in your hand does not give you anything. It's really more of a collectible than anything. Physical bitcoins will never catch on as a form of currency, as that was never the purpose. They've always been and always will be a novelty.To be honest, I can't really understand why people buy those physical coins at a high premium, and some even pay good money for unloaded coins. Because they're collectibles, damnit!Title: Re: newbie question physical bitcoins Post by: Hustle2survive on August 11, 2014, 01:42:23 PM they are cool to own, thats that
Title: Re: newbie question physical bitcoins Post by: HarmonLi on August 11, 2014, 02:10:08 PM Hi, I've been spending some time trying to figure this out, but I think I need to hear the thoughts of some more experienced people. I'm interesting in buying a physical bitcoin (yes, I'm super late to the party). Thinking either a Casascius 0.5 being resold somewhere, or one of the Titan Bitcoin coins. Questions are thusly: 1. Do you think a Casascius 0.5 has any value going forwards, or is this the top of some kind of bubble? What's a fair price, today? If only I had a time machine... 2. What do you think of the Titan Bitcoins? Any other ideas/thoughts? Thanks! I think they're a very good collectors item, if you like Bitcoin and they're giving Bitcoin tangibility. Have you seen all those photos of Casascius coins in every other news report about bitcoin? I'd be worried though that the coin is compromised (private key copied) if you buy it loaded with BTC... Title: Re: newbie question physical bitcoins Post by: jazzhot on August 11, 2014, 02:14:07 PM There are many collector interested in buying some rare physical coins, they have a quite big market.
Title: Re: newbie question physical bitcoins Post by: HarmonLi on August 11, 2014, 02:27:57 PM There are many collector interested in buying some rare physical coins, they have a quite big market. Aren't there some mis-printed coins, also Casacius ones, that are very rare and achieve a high price??? I think it's interesting that even in the Bitcoin world, people tend to be interested in physical coins, just because they're golden and shiny :D Title: Re: newbie question physical bitcoins Post by: gelar24 on August 11, 2014, 04:23:50 PM In my opinion a good coin is determined from the amount of the expenditure of the coin and its dev too :)
and also the spread of the coin, that's all I know might be able to help :) |