Bitcoin Forum

I know there was some company experimenting with paper notes to help people who have not internet use BTC.

Anyhow this is an interesting thought. Do you think that it would be possible to put not exactly BTC into a paper note but any crypto in some what of a denomination in a paper note. eg hardware

more less it could be used for people who have no access to internet have spending power, where the paper notes would have  bar code scanner code on it, that they take to someone else for buying goods and services.

Your thoughts on this idea, could be used in whole numbers of a type of crypto if the numbers meet up to a certain standard, as not to correspond to a FIAT system but be entirely in Crypto?

your thoughts? pros and cons to this concept.?

why it could work ? or why it would not work?

In my opinion, paper notes will defeat the purpose of bitcoin. Bitcoin was designed to be a virtual currency --a digital payment system that does not require banks. And I think that's the beauty of it. Let's embrace the fact we are at a digital age and haven't reached its peak yet. It only makes sense that our future will be shaped by these revolutionary technologies. I heard in a few decades, everything will be digital or virtual. What do you think about being a cashless society?

that's silly! and wrong!
you wouldn't be using bitcoin if you use these "paper notes". you would be using some piece of paper that has value only as much as the person printing them. it may not even be legal to do something like that and if the government starts looking into them and closes their shop, those "paper notes" value can drop to zero.

I think we're veering away from the purpose of Bitcoin if we're going to create them as paper notes. Bitcoin is a digital currency, let's leave it that way.

to be honest I don't see any pros, all I see is cons to this.
it has been discussed before too, many times. some people want to see bitcoin in physical form but even they would never use it in that form because it would require trusting that centralized entity that is issuing those physical coins.
there is one way of doing it such as the collectible physical coins but they are only used for collection not for transactions and they do actually contain private keys which you can reveal and spend them.

besides why would anyone want to use paper bitcoin when there is paper fiat?

In this modern world,even most of the fiat money is in digitized form so there is no need to convert an digital money into physical form and I don't think there is any way to do that even if someone wanted to do that.But we can do one thing we can store our bitcoin into an paper wallet where we have physical form for bitcoin (Maybe).

If the bitcoin price was more stable,paper notes would have been a great way to adopt bitcoin in third world countries,that don`t have stable national currencies and most of the population don`t have electricity and computers.Anyway,the btc volatility ruins that idea.

Agreed. Bitcoin is meant to push people towards tech usage and it gains its value through the technology it's used on too. Putting it on paper notes offers some kind of centralization (who's making those notes?) as well as removes the technological aspect of Bitcoin itself. The whole point of a new currency is to be new and unique. Pushing it to be just like every other currency goes against any change that might come from it, so there's no reason to go ahead with that plan.

paper notes will survive long, unless any government pushes people to go cashless. but these guys are very enthusiastic about Bitcoin taking over fiat in 10 years https://www.bitcoinmarketinsider.com/bitcoin-will-replace-traditional-currency-within-ten-years/

In an advanced country, it may take 10 years to move to crypto by leaving cash. But for a new country, it still takes a long and long process. Which will all use blockchain technology if you do not want to be left behind

This is the reason i made this post about BTC in a paper format

check this article out from Singapore

https://news.bitcoin.com/bitcoin-smart-banknotes/

I don't understand, Bitcoin is a digital currency and it will always be. Why would it want to go back to paper based? Instead it should be pushing towards eliminating any form of paper money.

Yes that is reason i put that topic in the form based on that actions of that company in May with doing paper notes, but way it works for that, is almost the reverse of fiat bank notes, the actual paper notes they have in BTC have no actual value till scanned by your phone or a device,
so its almost like carrying a paper wallet around almost,

but i figure it be interesting to get thoughts on this issue, as a what if scenario? if this could be something that be useful?

No i am not agree with this statement because if bitcoin do this then it will like fiat money. In recent time bitcoin gets acceptance by some countries government it’s a good news for them. Now they will become more popular.

Even paper notes used for traditional currencies are going the way of the dinosaur, most countries are reducing the production of note-based fiat and are instead switching to credit and digital money systems. For those countries that still use notes, there is a broad overall push towards high durability polymers due to the wear and tear that usually befalls paper cash.

It is called cryptocurrency for the purpose of a currency over internet, bringing it out is in congruence with it's purpose (to be a currency in the internet)
So it might be cool at first but when you think these things over you will realize that there are more disadvantages in what you have said about the notes, so better stay at is and do what it should do

Not at all. This will hamper the virtuality feature of bitcoin. So this will not be wise to make bitcoin paper nores. The digital crypto bitcoin cannot have a hard copy.

well thank you so much for asking this question but I am afraid  that i don't have clear idea about this topic,and to be frank most of users are also not aware about this gamaing networks yet, there are lots of way and sites are available  in this trading market it is difficult for some one identify all of them.

Not useful
It's called cryptocurrency, and not fiat currency
Ofcourse when bitcoin is turned to paper note, then it will have to follow the trend the banking sectors are following and it will be agl great disaster

Bitcoin is an online based cryptocurrency with blockchain network, so it wouldn't make sense if it comes in hardware form. Besides ,those who are not able to access the Internet, they would have other ways of transaction which would be much more convenient rather than "paper note" Bitcoin.

Bitcoin came out as a virtual currency. Because of that, the people took an interest in it. If it changes into a paper note or tangible currency, it will lose its point of interest among people. It is better if crypto currency, especially bitcoins remains as a n intangible currency.

My opinion is that Bitcoin does not appear in paper form. Bitcoin is becoming more popular and appreciated because of its higher circulation than the paper used. It saves the human future a lot of space and property used in the production process as well as the money. This is a step backwards if Bitcoin is in paper form.

The main purpose and the uniqueness of crypto currency is that it was that it will be virtual currency and that it cannot be in paper notes. The news that bitcoin will be made in bank paper is false. Bitcoins and any alt coin will be exchanged with the help of the internet and this will not change.

I agree with you, if everything is recorded with paper then not Bitcoin digital currency (Cryptocurrency). its use will be the same as the usual banknotes. banknotes require a valid stamp to be used and bitcoin can not get a valid stamp because no bitcoin is holding.

People can buy Bitcoin from some designated newspaper kiosks in Germany, Austria and Australia I think. You can exchange paper money and load the Bitcoin onto the wallet installed on your mobile device and use it straight away. It's completely useless to carry around Bitcoin paper wallets in areas with no Internet connection. It's too much hassle and you would be better off using your paper money or bank cards.
Being able to buy Bitcoin in the street with cash is a fantastic opportunity for the unbanked to get their hands on some Bitcoin without having to purchase it online.

Yeah. I like the idea. In some places, we cannot use the internet. But, there we can use the bitcoin paper notes.

I think that it will not give any successful results.First of all,majority of people will not be willing to trust a private centralised body for getting paper bitcoins instead of digital currency bitcoin.Bitcoin being a decentralised currency gaining this much trust is already a surprising event and now if we expect people to trust and support paper bitcoin too,then its truly an over expectation.

No i do not like the idea because it will mix up with the digital technology or the block chain. Transactions could not be recorded on a block chain for transactions will be more like a centralized currency which is the fiat money. We do not need a paper notes anymore for bitcoin because we are in digital era and we had fiat money already doing that functions so why complicate things over?

The idea of using paper notes as BTC is a very interesting thought. Moreover it is a good move that the bitcoin can be transacted without the internet.

If Bitcoin is issued in the form of paper note then it has nothing different from other paper currencies. It was created as a digital currency to incease the convenience and speed of the transactions, thereby solving the drawback of paper money. Everything in current society is being digitalized, so making Bitcoin back to note seem to be against the general trend.

Bitcoin was created to promote a cashless society. It's Bitcoin's main mission. If we change it form into paper notes, then Bitcoin will be against it original mission. Plus, if it has physical form, how can it be different from available currency? And one more problem posed is who will be in charge of issuing Bitcoin?

Bitcoin is decentralized, which means there's no one able to control it. So who will issue Bitcoin paper notes? If the idea of converting Bitcoin into note were  feasible, then Bitcoin would be no longer dencentralized but centralized. It sounds like crazy.

Bitcoin was tech-based currency supported by Blockchain technology. It gains value from the technology. You can see, Bitcoin and other cryptos would be nothing special and not draw as much attention as they do now without the Blockchain technology. Accordingly, its physical form has no value and unnecessary.

The question posed is why should we need Bitcoin's physical form while its digital form is running well?
Plus, converting Bitcoin into paper notes is really an ordeal, because with the decentralized feature, who will be a reliable entity to issue that notes?

Having that kind of note is really good, Thinking about that you only need one piece of paper where your qr or any code written there and you can pay what you bought or any bills, But I think its also a big risk what if you loss it someone can easily spend it?

Nothing more primitive about how you can use bitcoin I have not heard. Bitcoin has a huge number of ways of using which are much more important than what you offer. This is the same as using some expensive mechanism or device to hammer them with nails.

Bitcoin it is popular, now you can be successful thanks to it, Bitcoin is becoming more popular and appreciated because of higher traffic than paper used. It saves human futures a lot of space and property used in the manufacturing process as well as money

I think your idea is very good to use crypto paper, but I think without it the internet is very difficult to access or see the price of bitcoin or crypto that we want to use

This decision is against the purpose of bitcoin. Bitcoin wants to be a decentralised virtual currency that will be available fpr everyone. So if this happens it will be lik a fiat currency so what will be the use if this things happened. There will be no difference on bitcoin and fiat. So as for me it is more likely to have internet connections everywhere, for easy access rather than using the environment to sustain needs for bills and such.

I think its simply a waste of time! Cryptocurrencies should not be confused with fiat currencies. Cryptos to my understanding are intangible! And should be kept like that in order for it to be unique and different from fiat currencies. The whole idea of decentralization and anonymity lies on the fact that Bitccoins and other cryptocurrenceis are not physical and are just cryptographic entities.

People don't really get the whole concert about bitcoin. Bitcoin is a digital currency. It was developed to come and replace paper notes or physical fiat to be specific. So there is no way bitcoin will be made into paper notes.  Please, let's try to understand the whole idea of cryptocurrency.

Bitcoin is digital, why would you create a banknote out of it? It will totally defeat its very purpose. If you are into paper note then you might as well just buy banknotes or something similar like a bond. It doesn't make sense for bitcoin to be like some kind of notes. 3/4 of the world has Internet already so I don't understand where you get the idea that there are still people who don't have access to world wide web.

  No way! paper notes would beat bitcoin in that aspect bitcoin is most centralised on digital crypto currency and it would have less or no value  making it a paper currency.

As we all know that crypto currencies are the virtual currencies and its physical form doesn’t exists and being in digital form , it is most lovable one and the most reliable one because of its digital nature because it is very reliable one and even its transactions are very secure and the most confidential one and because of its digital form, it is very easy to carry so if anyone has any thoughts regarding its physical form then it is obviously useless because no one wants bitcoin to be get in physical form.

We all know the crypto currencies are the virtual one and their physical form doesn’t exists as all the crypto currencies are the digital currencies so there is nothing to do with its physical form as bitcoin is considered to be very secure and most confidential one and people love bitcoin because because it is very very easy to carry and most secure one and bitcoin as a paper notes could never be useful and if any country will any issue any bitcoin notes then obviously it’s users not like it.

I think this is a bad idea and many will agree with this.  Bitcoin is necessary to us precisely as a digital currency and it should live only in the virtual world.

I don't think that it is something that is going to help us in the long run. When we are giving physical form to Bitcoins, we are ignoring two prime factors that include the need for internet connectivity and loss of the Bitcoins in case of any physical damage to those notes. This concept is not much impressive because it is complicating the process instead of simplification.

Bitcoin as a paper notes this is not a great idea because bitcoin is a digital currency & if we change its real body than what will be difference between bitcoin and banks paper currency because we are using it on internet and this is a decentralizes also bitcoin know about its fast transaction so this is a very bad idea to make bitcoin as a paper notes.

it can work if the state does not prohibit digital money and the government makes this idea a reality,
but unfortunately there are some countries that prohibit buying and selling using unauthorized money.
and this can hinder your idea.

Let’s keep it digital. There is a reason why it is called a virtual currency. Going paperless is the future. Bitcoin is the future.

If this system will be implemented then it will surely be against the purpose of bitcoin.
The essence of blockchain is to provide users a faster and more anonymous way of transaction.
By doing so will not only defeat this purpose but will also surely entice people to do fraud by having multiple copies of that paper money.
So my guess this wont ever materialize.

I do not understand, we call bitcoin is cryptos, Bitcoin is a digital money and it will always be. Why would it go back to paper? Instead, it will be pushed towards cryptos rather than paper money.

The only bitcoins that are supposed to be on paper, should be Paper wallets and not some "copy cat" fiat version of paper notes. The idea for Bitcoin is to be digital and if people do not have access to the internet, then the community should rather address that issue. <Developing ways for Bitcoin to run on cheap mobile phones>  ::)

We want to improve on the limitations of old paper money, not replace it with something that are the same.  ;D

this is an impossible concept, this concept equates crypto and fiat currencies, this concept is more complicated and if someone wants to buy something better using a credit card or paper money, if you use the concept you think it is very complicated and difficult

I also think that is something that will help us to give physical form of Bitcoin. but this concept will complicate the transaction process and will be another additional cost ...

Paper notes could work, provided that they cannot be counterfeited. The problem with this form of ownership is it brings its own vulnerabilities. I also agree that the purpose of bitcoin is to do away with paper money, in large part. But I suppose there could be room for secure paper money backed by bitcoin.

It's time for everything related to paper to be removed immediately, the earth will be damaged if the paper industry continues to survive, and the presence of digital money like bitcoin is the right solution to save the earth.

No, bitcoin is a digital currency that facilitates transactions on the internet, and if bitcoin is realized in the form of paper it will actually complicate the use of bitcoin, and also in the form of bitcoin paper it will be easily falsified.

Fiat currency will also be meaningless if bitcoin will be put into paper notes. The purpose of fiat and bitcoin will vanish.. I agree with you. The purpose of bitcoin is to be unlike fiat currency and to be virtual as it is. Unique and different on its own way.

sure i did start this forum for fun, about bitcoin being in paper form
i am thinking it could work like a paper wallet more less

where each piece of paper has a barcode on, that can be access if u scan with your phone etc
each paper has a value
 it be a like a system where u can have that barcode with that amount of bitcoin with you in your hand and just scan the code to access it
in which u could physicially trade coins with someone else
vs scanning each other phones

I don't support bitcoin been used as fiat currencies because I believed it will be more valuable using it for online business transactions. I also think it will be complicated to use it as fiat currency as many people will not understand that barcode scanning which others many take as an advantage to scam people off their funds given bitcoin and the entire Cryptocurrencies bad reputation.