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Bitcoin => Bitcoin Discussion => Topic started by: worldtraveller321 on April 26, 2023, 09:15:56 PM



Title: What a physical Bitcoin could look like?
Post by: worldtraveller321 on April 26, 2023, 09:15:56 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?


Title: Re: What a physical Bitcoin could look like?
Post by: Lida93 on April 26, 2023, 09:37:31 PM
Making a physical bitcoin just like with fiat money that has designated value attached to each each is invariably making or turning bitcoin into a centralized asset which is against what it's known for. It's okay having bitcoin as a digital asset, wether it's possible or not making it a physical money it doesn't matter as I believe it's isn't part of the dreams of Satoshi to have bitcoin in physical form. So let the fiat money be there playing its own role.


Title: Re: What a physical Bitcoin could look like?
Post by: darkv0rt3x on April 26, 2023, 09:41:22 PM
I don't think that bitcoin can have a physical format / version. Because somehow, when you would transfer some physical bitcoin to someone else, at the same time, that transfer of ownership would also have to happen online.
And also, digital money is exactly to try to end with physical money so I'm not sure it would make much sense to even think about a physical version.


Title: Re: What a physical Bitcoin could look like?
Post by: Dr.Bitcoin_Strange on April 26, 2023, 09:42:58 PM
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

Bitcoin is a digital currency, it is not peg to any physical asset or money, the idea of Bitcoin was not to be even used in a physical way, just like the paper dollar, Euro, gold, and other physical assets. If Bitcoin has a physical existence, then there is nothing like decentralization for Bitcoin because the government will want to be in control like they have always wanted to be.


Title: Re: What a physical Bitcoin could look like?
Post by: franky1 on April 26, 2023, 09:48:24 PM
there have already been bitnotes and casascious coins

they work by having the private key hidden under a tamper proof seal that way you can see a public key to see the value is there but the seal hides the private key to not claim digitally unless seal is broken

yes it requires ensuring you got them from a trusted source and someone didnt just print a public facing label of a randomly funded address with no private key underneath.. and yes you got to ensure no one just printed hundreds of notes/labels that have the same keys..

but all in all it has been done and people have successfully traded in the physical world within a small group of trusted face to face exchanges


Title: Re: What a physical Bitcoin could look like?
Post by: Nwada001 on April 26, 2023, 09:48:42 PM
https://bitcointalk.org/index.php?topic=2084.0
https://bitcointalk.org/index.php?topic=41950.0
https://bitcointalk.org/index.php?topic=11292.0
https://bitcointalk.org/index.php?topic=10209.0
Over the past year (2010-2011), there have been threads regarding the creation of physical Bitcoin, with each of the OPs having a different idea of how they will make it possible and authentic and how it will be valued and priced the same way as normal Bitcoin on the open market. I don't think any of those were ever achieved. I can also remember reading through a thread where the OP proposed a physical Bitcoin with a chip inside, and those chips would be used to check if there was still value in it or something of that nature.

To me, I don't think there is actually any need for us to have a physical Bitcoin or whatever; everything is just perfect the way it is. What's the need for the physical Bitcoin when we can do everything we need to do by transacting our Bitcoin just the way we are doing it now, which is less stressful, and not some form of physical stuff like fiat, where you will make some purchases and ask for change when you go to shop with a higher amount than what you purchased? 


Title: Re: What a physical Bitcoin could look like?
Post by: acroman08 on April 26, 2023, 09:53:16 PM
if you are curious about what a physical Bitcoin would look like, just search "physical Bitcoin" on Google and you'll see a lot of images of different looking physical Bitcoins. these coins usually(a least as far as I know) have a wallet private key in them that contains a certain amount of Bitcoin. you can check the forum's sub-board called "collectables" you might see someone selling "physical bitcoin" there.


Title: Re: What a physical Bitcoin could look like?
Post by: Kemarit on April 26, 2023, 10:00:02 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

I don't know what you are thinking though, Bitcoin is not design to be physical my any means.

But we have what we call, Physical Bitcoins (https://www.casascius.com/) by our very own, Mike Caldwell (https://bitcointalk.org/index.php?action=profile;u=2676). So I guess you will get a idea if ever a physical format will be released to the public. However, I will understand that majority of us are not keen on this idea, to see Bitcoin being treated as like a paper or coin money.


Title: Re: What a physical Bitcoin could look like?
Post by: iBaba on April 26, 2023, 10:03:26 PM
Using 3-D printers to manufacture physical Bitcoins with private keys that can be used to redeem their BTC online could be a reasonable solution. Given that many people like to see their assets in what we call cash, the desire for digital currencies to be produced like traditional fiats is growing.

But, the BIG QUESTION is, if the digital currency is converted to a physical form and made available, won't it lose its digital properties?

This is why, in my opinion, we must continue to instill more trust in the use of digital currencies and cryptocurrencies, while simultaneously devising new ways to make the transaction process more seamless.


Title: Re: What a physical Bitcoin could look like?
Post by: BitDane on April 26, 2023, 10:52:40 PM
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

I have no idea except the logo being printed loaded with BTC in it.  I do not think we can represent Bitcoin in physical form.  It is a virtual currency, anything physical is not Bitcoin but just some printout loaded with Bitcoin.  If you create any physical coins and say it is Bitcoin is stupid thing IMO.  And if they made Bitcoin to physical will defeat the purpose of why Bitcoin is created.  You cannot instantly move physical object across the border, do you?  So why bother creating physical Bitcoin when we already have fiat currency for it?

Using 3-D printers to manufacture physical Bitcoins with private keys that can be used to redeem their BTC online could be a reasonable solution. Given that many people like to see their assets in what we call cash, the desire for digital currencies to be produced like traditional fiats is growing.

It is proven  a failed thing.  The creator of the coin can scam people by retrieving the BTC on the coin after he sold it to the client.  It was a hot topic recently so I do not think that the said process could be a reasonable solution.




Title: Re: What a physical Bitcoin could look like?
Post by: drwhobox on April 26, 2023, 11:08:35 PM
I don't think that bitcoin can have a physical format / version. Because somehow, when you would transfer some physical bitcoin to someone else, at the same time, that transfer of ownership would also have to happen online.
And also, digital money is exactly to try to end with physical money so I'm not sure it would make much sense to even think about a physical version.
Bitcoin don't need a physical form. It is different from fiat I don't know why OP wants a physical bitcoin while he can have fiat in his hand.
But if someone wants to have a physical form of bitcoin he or she can have a hardware wallet and called it bitcoin.  ;D


Title: Re: What a physical Bitcoin could look like?
Post by: Smartvirus on April 26, 2023, 11:25:37 PM
yes it requires ensuring you got them from a trusted source and someone didnt just print a public facing label of a randomly funded address with no private key underneath.. and yes you got to ensure no one just printed hundreds of notes/labels that have the same keys..
This tells all the reasons why bitcoin just has to remain digital. Its always been digital either ways as, to gain full value of it, you still have to use it in transacting over the blockchain and get some confirmations on it, leaving no room for double spending or any form of counterfeiting which isn't possible in bitcoin.
Bitcoin obviously has got its about over the Web with fiat to operate the realms of the physical and so, we might just have to leave it in its best fit, digital.

Quote
but all in all it has been done and people have successfully traded in the physical world within a small group of trusted face to face exchanges
This spells how determined some bodies and users are determined yo attain certain fantasies.


Title: Re: What a physical Bitcoin could look like?
Post by: Antonas1 on April 26, 2023, 11:49:57 PM
No, I don't want it. I like the wallet, security, and transaction method that Bitcoin have. Wouldn't everything be lost if Bitcoin were printed in physical form? So what for?


Title: Re: What a physical Bitcoin could look like?
Post by: Wexnident on April 27, 2023, 12:20:46 AM
Wasn't there a recent issue about how a seller here was holding the addresses of the sold bitcoin-like coins? That's one of the issues you can have with selling them like that, the seller was actually pretty well trusted before this issue cropped up afaik.

There's no need really for a physical one, the most we'd get is something that uses qr codes or a concept of something similar with improved qol changes I guess.


Title: Re: What a physical Bitcoin could look like?
Post by: Tony116 on April 27, 2023, 12:39:02 AM
~snip~

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

I disagree with this idea, bitcoin represents the revolution of blockchain technology and creates a decentralized asset. If physical bitcoins are created, they will look like fiat or traditional assets and will be controlled by someone, possibly a government, so this is a bad idea.
Moreover, we are moving towards the digital world, we are gradually getting rid of things that are too cumbersome, polluting, and costly to print like fiat. So creating bitcoin in physical form is not groundbreaking, if that happens, the government is just trying to control us with that idea.


Title: Re: What a physical Bitcoin could look like?
Post by: blue Snow on April 27, 2023, 02:04:58 AM
they work by having the private key hidden under a tamper proof seal that way you can see a public key to see the value is there but the seal hides the private key to not claim digitally unless seal is broken
If physical Bitcoin is made for global like coin fiat, the government must have the authentic seal to make sure it never opens by people. That seal also can hide from Roentgen rays or X-rays if it has changed hands so it can be used again for buying goods or needs without transferring it to another address. I don't know How secure casascious coin, but if if proven, we can use that.


Title: Re: What a physical Bitcoin could look like?
Post by: goldkingcoiner on April 27, 2023, 02:19:04 AM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

I imagine it would have to look like a coin, first and foremost. Otherwise it would be disappointing to call it a BitCOIN. Furthermore, I think it should look very technologically (designed) awesome and of course, it needs the BTC symbol for Bitcoin. So, obviously, it would look more or less exactly the same as the Bitcoin logo that everyone knows and loves. We even use that coin logo for Bitcointalk- Just take a look at your tab, lol.

But I will always see a physical Bitcoin as infinitely inferior to the real Bitcoin. Just because a physical Bitcoin is a centralized version of Bitcoin. Which is quite ugly to me and is not what Bitcoin stands for (decentralization).


Title: Re: What a physical Bitcoin could look like?
Post by: Darker45 on April 27, 2023, 03:05:07 AM
Physical Bitcoin is actually a kind of a misnomer. Strictly speaking, there can't be a physical Bitcoin. Nobody can actually take that Bitcoin out of the blockchain and turn it into a physical coin or bill or penny. Bitcoin is digital, so physical and Bitcoin are actually antonyms.

Anyway, there are already a number of bills and coins that are loaded with Bitcoin. Actually, not really loaded, but they contain the private keys that give you access to the Bitcoin. There are even cards, chips, and other physical items and artworks that are also loaded with Bitcoin. If you head to the Collectibles (https://bitcointalk.org/index.php?board=217.0) section, you will see a number of them. You have the revered Casascius coins. You have the Lealana, BTCC, CryptoImperator, Alpencoin, and many others. You also have Bitcoin bills like Polymerbit.

But these are largely collectibles. In the future, though, it is possible that there will be bills and coins backed by Bitcoin. Just like the old days when fiat was backed by gold, there might come a time in the future when bills and coins can be redeemed for Bitcoin. As to how they would look like, I don't know.


Title: Re: What a physical Bitcoin could look like?
Post by: mk4 on April 27, 2023, 03:29:09 AM
I don't think the technologically is what's the problem per se (could be very wrong, of course), but specifically the trust part. Something being made physical means that we need to trust a centralized entity(s) to produce the physical bitcoin.

We have things like the OpenDime which is a very interesting piece of hardware, but I don't think even the OpenDime will let me transact with confidence anywhere close to simply seeing using block explorers to see that I received BTC.


Title: Re: What a physical Bitcoin could look like?
Post by: SamReomo on April 27, 2023, 03:45:26 AM
I don't think that making a physical version of Bitcoin makes sense. It will only work the way it was indented to work in digital form only. Although, you can make a appropriate 3d model of Bitcoin and print it with a good 3d printer. But that will not make it usable as the way it's being used today.

Bitcoin was meant to be a electronic p2p finance system, and it's currently working the way Satoshi imagined it to work. If physical version of Bitcoin was to work the same way then I'm sure that someone like Satoshi Nakamoto would have done that himself.


Title: Re: What a physical Bitcoin could look like?
Post by: MarjorieZimmermanGinger on April 27, 2023, 04:08:58 AM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.
If it's not possible why are you trying to ask about something that is impossible and I believe that you know this is something that is impossible to happen, nothing can be trusted from a centralized entity if it involves a physical form, what distinguishes bitcoin because it has nothing in common with another.

Making bitcoin in physical form, what does it do? and what is it made for? and I also don't understand what you mean almost centered in physical form and to me this doesn't make any sense at all.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Again this kind of question is like slapping someone's ass, physical form and the idea of how it works have nothing to do with it.


Title: Re: What a physical Bitcoin could look like?
Post by: Reatim on April 27, 2023, 04:10:06 AM


What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
for collective purpose , then there are so many of them in the market now as there are also some copies that created to have a look like for bitcoin.
but this is just a looks thing , but to be a in use as physical one?am not sure if this is possible because how can you handle a online currency?
and this will not be different from fiat and gold once implemented so what is the sense of this being created?


Title: Re: What a physical Bitcoin could look like?
Post by: Sayeds56 on April 27, 2023, 04:11:43 AM
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

Although physical Bitcoins do exist but they are not used for day to day transactions , instead they are often collected as novelty items. Using Bitcoins as mode of payment will require a central authority to issue and regulate it, which goes against the core concept of decentralization, which is the foundation of bitcoin network. Therefore use of physical Bitcoins for daily transactions could potentially compromise the integrity and decentralized nature of digital currency.  



Title: Re: What a physical Bitcoin could look like?
Post by: fuguebtc on April 27, 2023, 04:39:31 AM
But the question is, what is the benefit of this? And I don't see any benefit to using physical bitcoins. Moreover, this will break the original purpose of bitcoin, bitcoin is a decentralized currency, and no one has control over it. But if we are to create physical bitcoin and let it have value and circulate, it needs to be issued and recognized by the government. That will make bitcoin centralized, and the government will be the ones achieving the goal of controlling us rather than benefiting us. This idea is impractical and not much to discuss.


Title: Re: What a physical Bitcoin could look like?
Post by: noorman0 on April 27, 2023, 05:20:20 AM
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
I imagine it must be like the butt of a 20 year old woman sunbathing on a Hawaiian beach. The way it works is quite easy, leave it under the hot sun for a while without applying any sunblock cream then look at the men around. I'm sure they were tempted at first sight.

And see if this post will sufficiently meet the unique (https://bitcointalk.org/index.php?topic=4564216) post criteria, lol.


Title: Re: What a physical Bitcoin could look like?
Post by: Zlantann on April 27, 2023, 05:25:26 AM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world. What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

Humans have sound reasoning skills that make them come up with ideas that are beneficial to society. Sometimes these ideas are not available or may have little or no benefit. A physical Bitcoin will be less attractive to many people because it will be highly prone to theft. Presently people don't even like moving around with physical fiat because it is risky and burdensome. A physical Bitcoin might also be expensive to create because it will have both technological and physical costs. It might also need extra effort to preserve or care for just like gold and other precious stones. For me, Bitcoin is okay the way it is currently because it is unique and operational.


Title: Re: What a physical Bitcoin could look like?
Post by: xSkylarx on April 27, 2023, 05:25:54 AM
Making a physical Bitcoin will not serve its purpose it would be the same with physical fiat, no matter how printed it is or if it would be coin it wouldn't be the same Bitcoin for sure as the one controlling it is those who printed it. Though lets just say that it will be a physical one it would be for sure a coin the same with those  collectible items as it a coin. There are couple peoples making a coin with Bitcoin logo which for display purposes and it is cool to see but it has no value


Title: Re: What a physical Bitcoin could look like?
Post by: Lorence.xD on April 27, 2023, 05:36:42 AM
I thin BTC in physical already exist, I've already seen some and it looks like actually a coins. Of course I'm not sure if it was made by legitimate people but they are selling it not that expensive unlike the digital value of BTC. It can't be used in any transactions as people doesn't acknowledge BTC as payments in here some even think of it as a token in some amusement park which is very funny. Maybe it can be use for collections for people that love to collect things and can be use for trading some stuff like " i have btc on hand for your plant" for fun since internet nowadays is very random.


Title: Re: What a physical Bitcoin could look like?
Post by: bayu7adi on April 27, 2023, 07:16:08 AM
If Bitcoin were issued in physical form, the key consideration would be the absence of usage restrictions, such as storing Bitcoin in a wallet. Although I am uncertain about the possibility of Bitcoin existing in a physical form, I have previously contemplated this notion, and the concept I envisioned for physical Bitcoin would be a compact object with a chip inside, secured with fingerprint authentication.

However, I remain skeptical about the practicality of using Bitcoin in physical form, as I believe it would be more challenging to facilitate transactions. Therefore, the most suitable form for Bitcoin remains digital, stored in a digital wallet as it currently exists.


Title: Re: What a physical Bitcoin could look like?
Post by: Bazzu on April 27, 2023, 07:30:29 AM
if bitcoin is in physical form, in my opinion, it fits like fiat metal money, I think yes ... and that's all that is pictured in my mind.

but in my opinion bitcoin is suitable as it is now because if it is made in physical form I think the value of bitcoin will decrease.
and also what I know is that the purpose of Satoshi Nakamoto in making bitcoin was not to be made into a physical form but bitcoin is a digital currency that cannot be touched.


Title: Re: What a physical Bitcoin could look like?
Post by: Mame89 on April 27, 2023, 07:49:53 AM
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
I never imagined that bitcoin would be printed in physical form. Because for me the security and transaction methods owned by Bitcoin are one of its main advantages. If Bitcoin is printed in physical form, then the profit will be lost, and that is not really possible. Bitcoin is a digital currency that is globally distributed, so it has no physical form. In contrast, Bitcoin is accessed via the internet network and stored on hardware.

After all, printing Bitcoin in physical form will also cause some problems. First, printing physical Bitcoins will cost a significant amount of money, and their physical value will not be the same as digital Bitcoins due to limited amounts and physical properties. Second, the minting of physical Bitcoins will require more complex issuance and management than fiat, because Bitcoins are not controlled by governments.

In this case, the best advantage offered by Bitcoin is the security and convenience of transactions over the internet network. So, it's better to maintain these advantages and not change the main characteristics of Bitcoin by printing it in physical form.


Title: Re: What a physical Bitcoin could look like?
Post by: kryptqnick on April 27, 2023, 08:33:31 AM
We have enough material things in life, and usage of the Internet and digital things is only getting more and more popular. So, honestly, I think it's safer and more convenient to have Bitcoin in its digital form, as you don't need to carry extra weight around, and you are thus less likely to lose it somewhere or to have it stolen from you.
If someone really wants a physical Bitcoin, some sort of Bitcoin coin with a chip for payments or just a Bitcoin physical wallet in a form of a coin could be created. I've seen versions of physical Bitcoin coins online, and that's exactly how I'd imagine it to look, but since Blockchain is online, a physical Bitcoin that isn't connected to the network won't really be Bitcoin.


Title: Re: What a physical Bitcoin could look like?
Post by: Stella Mese on April 27, 2023, 09:30:28 AM
In my opinion, what makes many people like and interested in investing in bitcoin is the convenience of transactions because bitcoin transactions use the internet, which of course provides convenience.

if bitcoin is made into a physical form I feel the sense of transaction convenience will be reduced.
so i think the current btc is the best.


Title: Re: What a physical Bitcoin could look like?
Post by: Wend on April 27, 2023, 10:11:52 AM
I won't use it because if bitcoin is physical, it is no different from government controlled fiat. And if that idea happens, it's not bitcoin either because bitcoin is not centralized and isn't controlled by anyone. I haven't seen any man-made tangible assets that can become decentralized, and that goes against the ethos of bitcoin.
But your idea will most likely be used by the government because they are trying to control us, but I believe bitcoin lovers will not accept it.


Title: Re: What a physical Bitcoin could look like?
Post by: Bitstar_coin on April 27, 2023, 10:46:28 AM
I always envision a physical btc to look like a shining gold coin, that seem to be more befitting for the number one digital currency. The color gold symbolize superiority and that's what btc should have.
But i think btc will best remain as digital currency than having a physical coin, carrying coins all about is not easy, one of the qualities of digital currency is it's convenience nature. I think the majority will like it more as a digital than the physical coin.


Title: Re: What a physical Bitcoin could look like?
Post by: Rruchi man on April 27, 2023, 11:34:47 AM
i am thinking its possible into a almost like a paper note format, with bar codes etc on it.
Who is going to print and distribute these notes? Whosever is vested with that much power will be able to keep track of every note issued and that defeats the purpose of anonymity and decentralization.

Also if there are physical notes for bitcoins, what would they really mean? will it mean that just as our bank accounts where any money you withdraw from your account and turn to fiat is no longer available in your bank account. That is any of your bitcoins that you decide to turn to bitcoin note will no longer be Available on our wallets?  Or will the notes just be a representation? It makes no sense to me. If the notes are just representation of what you have in your wallet, of what purpose will it be? why will someone want to get these notes?


Title: Re: What a physical Bitcoin could look like?
Post by: Jet Cash on April 27, 2023, 12:05:25 PM
I guess the closest thing to a physical Bitcoin would be the hash of the block that was rewarded with the coin(s). But then, what is a physical number? That is another abstract concept, you can have a representation, but which is the correct one between "10" and "X".


Title: Re: What a physical Bitcoin could look like?
Post by: GideonGono on April 27, 2023, 12:22:49 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
First of I think it wouldn't really be Bitcoin at all they are just going to copy the name, the price keeps on moving and each whole coin contains a 100M sats and every sats have a value, so if they would make a physical coin I think it would be Sats or Bits.
And if it would ever happen then I guess others would just see it as a collector's item, not as a currency.


Title: Re: What a physical Bitcoin could look like?
Post by: ItsCrafty on April 27, 2023, 01:10:26 PM
Very difficult to give any physical shape to BTC because Btc is available on Blockchain and from 2009 to today no one success to give physical shape. Satoshi Nakamota also failed to give any physical form.

If we want to allocate any physical form today then we should first imagine about Satoshi shape that how it will be look like because Satoshi is unit of Btc and not everyone can now buy whole btc because of huge price.


Title: Re: What a physical Bitcoin could look like?
Post by: Gallar on April 27, 2023, 01:30:39 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
In my opinion, bitcoin is not suitable if it is made into a physical form, because if bitcoin is used as a coin in physical form, I am sure that changes will occur to the existing bitcoin order and system. Besides, bitcoin is different from currency in general, currency usually has a fixed price and someone manages or regulates it, in essence, ordinary currency is centralized. While bitcoin is the opposite of the fiat currency, bitcoin is not centralized or decentralized, and bitcoin has a fluctuating price. So if bitcoin were to be taken into physical form, how would it work, like fiat money? I think it's not suitable. And in essence, the current bitcoin system must maintain its authenticity at any time, so as not to change its vision and mission.


Title: Re: What a physical Bitcoin could look like?
Post by: crunck on April 27, 2023, 02:32:09 PM
Very difficult to give any physical shape to BTC because Btc is available on Blockchain and from 2009 to today no one success to give physical shape. Satoshi Nakamota also failed to give any physical form.

If we want to allocate any physical form today then we should first imagine about Satoshi shape that how it will be look like because Satoshi is unit of Btc and not everyone can now buy whole btc because of huge price.

It is not difficult to create physical bitcoins like fiat or diamonds. But the problem is that it doesn't create any benefit and would also circumvent Satoshi's purpose of creating bitcoins. I mean, how can a physical asset like fiat become decentralized? In my opinion, it's not a good idea to create physical bitcoins to use, it's a bad idea.


Title: Re: What a physical Bitcoin could look like?
Post by: cydrix on April 27, 2023, 04:14:32 PM
Making a physical bitcoin is always the same as making fiat money, which both have a set value associated with them. This goes against bitcoin's reputation as a decentralized asset. It's OK to have bitcoin as a digital asset; whether or not it is possible to turn it into actual money is irrelevant, in my opinion, as I don't think Satoshi ever intended for bitcoin to exist in physical form. So let the fiat currency exist and fulfill its own purpose.


Title: Re: What a physical Bitcoin could look like?
Post by: Mr.sprin on April 27, 2023, 05:24:38 PM
Bitcoin is a digital currency that has no physical form, even if there is a physical form bitcoin is made of gold or silver or diamonds and above it there is a bitcoin symbol is it called bitcoin in physical form of course it's just a joke.


Title: Re: What a physical Bitcoin could look like?
Post by: m2017 on April 27, 2023, 05:48:47 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Physical bitcoin I can only imagine in the form of collectible coins, which, by the way, exist (easily googled).

Why do you need a physical btc? I take it you want to use this for day to day payments or something like that? The whole world is moving away from the physical concept of money (many areas of life are going digital too). Think about online banking, mobile apps, and more. Physical money is dying and that's a fact.

Bitcoin was originally designed to be digital. This is digital money. So why do you want to transfer it to the plane of the real world? I think that your questions will not have an answer, because no one needs a physical btc, it will not work in any way and no one is interested.


Title: Re: What a physical Bitcoin could look like?
Post by: tread93 on April 27, 2023, 06:04:17 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

You should most definitely check out the collectibles section in the marketplace here on BTALK!!! I think you will be happy to find a very nice selection of coins not only for sale but for new release by many private physical coin makers. Fun stuff!!


Title: Re: What a physical Bitcoin could look like?
Post by: panganib999 on April 27, 2023, 06:25:13 PM
As it stands today, you can't. And for a couple of reasons.

First off, it's intangible nature. Bitcoin is made from the get-go to be virtual and intangible. This is to make it convenient for safekeeping, collection, and transaction. Creating a aphysical representation of bitcoin defeats the whole purpose of why it was made like this in the first place. So this alone disallows for a fungible representation of bitcoin to be made.

Secondly, its value. Bitcoin's value is extremely volatile. Some days it hits high, some days it could plummet to the ground. Creating something that would equate a bitcoin's value is just impossible, as that would mean that the physical represnetwtikn has to be transmutable too, in order to always match bitcoin's value without compromise. Such an object is impossible to be made in the real world, so bitcoin, apart from novelty items that do not hold any significant value whatsoever, at least in the general sense, bitcoin couldn't have its own representative token in the real world.


Title: Re: What a physical Bitcoin could look like?
Post by: Agbe on April 27, 2023, 07:25:55 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
Bitcoin was not created to be physical because it deal with unit and ordinal and decimal points and unit can not be measures. Satoshi created bitcoin as a digital currency to support the fiat currency online but those leaders who misunderstood the concept is fighting against Bitcoin. If Bitcoin becomes a physical currency, it will not be interested again, because for the poor and average people to have it will be very difficult, the rich peoplele will compile them at home. But for now they can't because now bitcoin is decentralized. But when bitcoin becomes physical currency, it will become central currency. Therefore even in future Bitcoin will be in digital currency forever.


Title: Re: What a physical Bitcoin could look like?
Post by: darkangel11 on April 27, 2023, 07:40:51 PM
A question that comes to mind after reading all this is do we need a physical bitcoin? What would it accomplish? What would it give us that we don't already have?
The digital form is superior to the physical in every aspect but one maybe. If we were without power and/or Internet wouldn't be able to use digital bitcoins, but in the era of solar panels, wind generators, atom, can we really be without power? We can be in some areas, but not globally, and even in those areas it's going to be temporary. People without power will have no AC, no refrigeration, no way to pump water, we will have to fix it ASAP, or suffer.
In the age of information and electronic devices everywhere we look, it's natural that money is also digital, and blockchain wasn't made to verify physical goods.


Title: Re: What a physical Bitcoin could look like?
Post by: death69 on April 27, 2023, 08:29:50 PM
Okay, peeps, real talk. Bitcoin's allure? Its decentralized and unchangeable nature. Cooking up a corporeal Bitcoin would mean centralizing the wild. Like snagging a puff of air and stashing it in your jeans.

Imagine we conjured a tangible Bitcoin. So, what's next? Bitcoin's raison d'être is its virtual identity, the autonomy and agility it brings. Manifesting it physically? That's like transmuting a gilled swimmer into a winged creature. Maybe doable, but seriously, what's the point?

In a nutshell, while a physical Bitcoin stirs the curiosity, it's a bona fide fantasy. Let's concentrate on Bitcoin's superpower: revolutionizing finance and elevating earthlings far and wide. Suit up!


Title: Re: What a physical Bitcoin could look like?
Post by: Lanatsa on April 27, 2023, 08:48:35 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?
There's no other than the government would really be able to make one and be allowing to circulate to have that so called physical bitcoin but honestly it isnt something that coulb be possible.
If ever there's one on existence then its not Bitcoin at all. We know on whats the truth that Bitcoin isnt something that could mold up that physical form. Decentralization and total anonymity
would really be lost and this isnt something that we dont really like. This is why it isnt really that much needed to have one because if there's one in existence then its
not Bitcoin but some other bullshit made by the government.

So its better to have this way and this is where and what the community had been supporting over a decade and it would really be still remaining on this way.


Title: Re: What a physical Bitcoin could look like?
Post by: bosede1 on April 27, 2023, 08:49:21 PM
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against  the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this


Title: Re: What a physical Bitcoin could look like?
Post by: Furious 7 on April 27, 2023, 08:56:11 PM
I think it's just going to be a hassle in the end. What I mean is that if there is physical assets there, they are still in digital, it is impossible to move to physical, and when there are physical ones, such as paper money or metal or whatever, in the end, when transactions are made, they still go digital.
With conditions like this wouldn't it make this complicated. Maybe there are some who like things like that because indeed this can also be like proof of ownership but I personally don't really like things like that and indeed I prefer the simple method as it is now.
There is no way of working that can really be combined because this only adds to how transactions that were originally free anywhere and anytime become more complicated.


Title: Re: What a physical Bitcoin could look like?
Post by: Russlenat on April 27, 2023, 08:59:03 PM
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against  the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this

We better not have a physical coin because it would defeat the purpose of Bitcoin, which is a digital currency with online transactions that are decentralized, making life easier. Making a physical coin might only complicate things as regulators will certainly scrutinize it, which might give Bitcoin a bad reputation. Well, some people already think Bitcoin is bad, so its reputation is not that polished. But at least we should stick to the main purpose of Bitcoin, which is to be a decentralized digital currency.


Title: Re: What a physical Bitcoin could look like?
Post by: serjent05 on April 27, 2023, 09:10:52 PM
It could have been nice if we could have Bitcoin in its physical form(paper) so that we can be trading with it while collecting change but this is against  the actualization of Bitcoin being decentralized, A\accepting it as legal tender is somehow related to this

Bitcoin in paper form is not good for trading, since the creator/holder have access to its private key, the possibility of fraud and scam is likely to happen.  Imagine you received a physical Bitcoin with an amount of 0.01 BTC as payment for your goods, then right after receiving the amount, the bad actors sweep the Bitcoin to that address.  The merchant then is left with just a physical form but the amount on the paper Bitcoin is removed by the scammer and put it on another paper Bitcoin and do the same thing over and over again.

This is one scam scenario that may happen if we do the thing you stated.  So Bitcoin in physical form is susceptible to fraud and scams.


Title: Re: What a physical Bitcoin could look like?
Post by: Agbe on April 28, 2023, 07:53:45 PM
Bitcoin in paper form is not good for trading, since the creator/holder have access to its private key, the possibility of fraud and scam is likely to happen.  Imagine you received a physical Bitcoin with an amount of 0.01 BTC as payment for your goods, then right after receiving the amount, the bad actors sweep the Bitcoin to that address.  The merchant then is left with just a physical form but the amount on the paper Bitcoin is removed by the scammer and put it on another paper Bitcoin and do the same thing over and over again.

This is one scam scenario that may happen if we do the thing you stated.  So Bitcoin in physical form is susceptible to fraud and scams.
  if bitcon becomes a physical or as a paper money then the aspect of private key and seed phrase will be removed. There will no seed phase again. Because the seed phrase can only be use on internet and to login whenever you misplaced your password. And also the measurement of unit will be confusing. So bitcoin is best calculating on internet. And at that time the scamming rate will be very high because the coins is no more secured as the internet as the decentralized system. But will be becoming as a centralized system. So the government too will be very happy to control the physical bitcoin.


Title: Re: What a physical Bitcoin could look like?
Post by: so98nn on April 28, 2023, 08:13:25 PM
I think just by reading the title itself I was like nah this is really bad idea. The thought of even having physical note of bitcoin makes it whole purpose void and disoriented! The digital coin, the online presence and the pseudo anonymous nature would just vaporise away. I know we still have to access it over the internet. We are only going to have barcode and stuff but seriously it makes it more closer to the fiat system. Imagine handing over the bitcoin note to someone. They can easily take your fingerprints and know who was it. I mean speaking ideally, a bitcoin is far better the way Satoshi programmed and imagined in the first place. Let’s focus on its adoption and higher credibility in the future to come.


Title: Re: What a physical Bitcoin could look like?
Post by: Franctoshi on April 28, 2023, 08:30:34 PM
Thoughts on this. Now at this time. It would be almost impossible to make a physical Bitcoin. But with advances in technology it could be possible. Maybe if you have just whole numbers of Bitcoin, eg 1 Bitcoin.
i am thinking its possible into a almost like a paper note format, with bar codes etc on it. It would be centralized in physical form almost, but i think it could be possible to actually have a physical aspect that could be moved in the real world.

What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

The idea of creating physical Bitcoin would just kill and alter the overall purpose of creating the first crypto "Bitcoin"  in first the place , thereby resulting in creating or printing more Bitcoin into existence, which mainly opposed the idea of behind Bitcoin technology Satoshi Nakamato, which includes that not more than 21M BTC would ever be in existence.


Title: Re: What a physical Bitcoin could look like?
Post by: mendace on April 28, 2023, 08:48:12 PM
There can't be a physical version of Bitcoin if it doesn't physically exist, how can it be recreated if it's just a code made of 1's and 0's bits?
The only plausible alternative is to reproduce a token with an NFC tag inside connected to a wallet which, when placed against a POS, can issue the payment only after confirming with a physical click from the token itself. This is the only thing I can think of.


Title: Re: What a physical Bitcoin could look like?
Post by: suzanne5223 on April 28, 2023, 09:02:23 PM
We shouldn't expect the creation of physical Bitcoin and it's never among the concept of BTC because was created to be digital money. However, the only way we can somehow see something like physical Bitcoin is through the creation of coins, paper notes, or certain collectibles that contain private keys loaded with BTC and it is just like cold storage.


Title: Re: What a physical Bitcoin could look like?
Post by: SmartGold01 on April 28, 2023, 11:09:01 PM
Bitcoin can be printed in any form either notes or in form of a coin but what is needed most a something that would makes it authentic if printed people may not have a duplicate of it or something like of a counter notes.
I think if printed on notes it could be more better though the risk might be much.