niceman4you (OP)
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August 27, 2016, 04:39:41 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
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Nimbulan
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August 27, 2016, 08:21:42 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
you mean like in markets? if yes then i really doubt that though if you will do digital payments and just print a wallet private key on it then you can do that in some shops |
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odolvlobo
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August 27, 2016, 08:25:16 PM |
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It is possible to mint physical bitcoins. There are already many different physical bitcoins. Check this forum: https://bitcointalk.org/index.php?board=217.0As for spending, there are some challenges: 1. Physical bitcoins are expensive. Would you pay someone 1 BTC with a coin that cost you 1.1 BTC? 2. The possibility of counterfeiting limits acceptance. Either way, a physical bitcoin is an ironic anachronism. That's why collectors like them. |
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unamis76
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August 27, 2016, 08:25:51 PM |
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There are physical Bitcoins, but you can't really use them for purchases, unless you agree with the seller that that's the way you're paying him.
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20kevin20
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August 27, 2016, 08:32:48 PM |
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As the Bitcoin price is constantly changing, buying BTC physical Coins would mean no profit for you. Also, transactions made through wallets are way safer and you are anonymous.
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yueno
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August 28, 2016, 01:02:40 AM |
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Absolutely yes because it is money
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jvper
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August 28, 2016, 01:03:58 AM |
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Anonimity is not 100% in bitcoin, since everyone who knows your wallet can trace your deposits and withdrawals.
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The Sceptical Chymist
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August 28, 2016, 01:41:25 AM |
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Absolutely yes because it is money
That's absolutely untrue. You can mint whatever the hell you want. You can mint a platinum turd if you so desired, but you would not be able to spend it at Home Depot. I think you're just spamming BS. Speaking of that, I'm very skeptical of OP's intentions on this forum. I strongly suspect that he's account farming and/or trying to scam by loan request. I don't think I'm just being paranoid. |
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7788bitcoin
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August 28, 2016, 11:37:38 AM |
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Bitcoin is virtual currency. Yes, you can mint the ones like the Casascius coins. However, once it is spent, it has no value anymore. And no one can guarantee that a second backup of the private keys is not being keep by the person who mint the coins...
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jaesonma
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August 28, 2016, 11:51:57 AM |
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Bitcoin is virtual currency. Yes, you can mint the ones like the Casascius coins. However, once it is spent, it has no value anymore. And no one can guarantee that a second backup of the private keys is not being keep by the person who mint the coins...
LOL, bitcoin can be minted too, there are physical bitcoins, some for gifts, some can be spent in real life. |
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mobnepal
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August 28, 2016, 01:11:09 PM |
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Yes it is possible but it is not like coins/paper notes of fiat , as physical bitcoins are just a collective items where information regarding bitcoin address is placed. And we can also say paper wallet of bitcoin as paper notes but it also has potential of loading and unloading bitcoin out of it.  |
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icecube45
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August 28, 2016, 01:47:57 PM |
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Yes it is possible but it will be very difficult. Because the price of bitcoin always fluctuated in a sizable amount. That would result in prices that are unstable and may not be suitable for mint the physical of bitcoin. I think just as a Bitcoin digital currency because it has the potential to be great.
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Herbert2020
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August 28, 2016, 01:59:19 PM |
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the question is why would you want to do that, otherwise it is possible to do it. and as odolvlobo said there are already some physical coins available.
but in my opinion bitcoin was created so you wouldn't need physical money and all these physical coins are more of a collection for bitcoin enthusiasts rather than a way of spending it offline.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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2legit2
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August 28, 2016, 03:34:21 PM |
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Absolutely yes because it is money
uhmm physical bitcoins without the bitcoins loaded in it definitely are not money at all, though it is definitely possible to mint bitcoins |
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avikz
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August 28, 2016, 03:36:19 PM |
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If you are the government then surely you can mint whatever you want, but if you are an individual like me, then no, you can't.
In small scale definitely you can and sell that physical bitcoin to anyone as a memento, but it is impossible on large scale. All the enforcement agencies will be behind your ass.
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ronaldo40
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August 28, 2016, 03:43:24 PM |
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Yes it is possible but it will be very difficult. Because the price of bitcoin always fluctuated in a sizable amount. That would result in prices that are unstable and may not be suitable for mint the physical of bitcoin. I think just as a Bitcoin digital currency because it has the potential to be great.
possible and very difficult? I think this is impossible because bitcoin has no physical. but maybe if they make a new coin to compete with bitcoin. |
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raphma
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August 28, 2016, 03:44:25 PM |
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1. too expensive
2. most places dont even know what bitcoin is..
want to spend some in your daily use? go for a bitcoin debit card.
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shinratensei_
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August 28, 2016, 11:56:07 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
No, because that is already off the purpose of bitcoins, and I think that is will become expensive comparing with their a real value. |
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dQpey
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August 29, 2016, 12:02:05 AM |
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of course it is possible, a lot of people actually do it some times
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Doubler Disburser 232515
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August 29, 2016, 12:13:28 AM |
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Someone could hand you a coin with the words "One BitCoin" written on it, but unless you had access to the block chain to verify that the Wallet Address did indeed have BTC 1.0 in it, then you would have to really trust the person offering you the coin.
If you had access to online, then why the need for a coin? So that it can jingle in your pocket?
At least with printing a Paper Wallet you have a QR code you can scan and verify the contents of the Wallet.
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takingthis4
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August 29, 2016, 12:58:04 PM |
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Someone could hand you a coin with the words "One BitCoin" written on it, but unless you had access to the block chain to verify that the Wallet Address did indeed have BTC 1.0 in it, then you would have to really trust the person offering you the coin.
If you had access to online, then why the need for a coin? So that it can jingle in your pocket?
At least with printing a Paper Wallet you have a QR code you can scan and verify the contents of the Wallet.
you are right it is actually possible to mint bitcoins though there is a possibility that no one will be accepting it because of lack of knowledge |
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Doubler Disburser 232515
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September 01, 2016, 10:35:03 PM |
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Someone could hand you a coin with the words "One BitCoin" written on it, but unless you had access to the block chain to verify that the Wallet Address did indeed have BTC 1.0 in it, then you would have to really trust the person offering you the coin.
If you had access to online, then why the need for a coin? So that it can jingle in your pocket?
At least with printing a Paper Wallet you have a QR code you can scan and verify the contents of the Wallet.
you are right it is actually possible to mint bitcoins though there is a possibility that no one will be accepting it because of lack of knowledge There are already sellers of physical BitCoins and they are always asked "Have the coins been redeemed?" or at the very least, they state whether or not they have been (redeemed already) Given how many people have already made gold/silver/copper coins and bullion bars, which one do you accept? |
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MingLee
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September 01, 2016, 10:40:00 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
There are some physical Bitcoin wallets that exist that are made in the shape of a coin and look like they're "minted" from some place, however most of them can't be used in their basic form for purchases because no-one will accept those, even if they accept Bitcoin in the same location. Most of the time the amount stored on the coin is too much to even really be useful for buying anything. |
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neochiny
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September 01, 2016, 11:08:29 PM |
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is it possible to mint physical Bitcoin * Yes, there are already some in the market. Here are some examples (there are other kinds):  Alitin Mint : Adam Smith 2.92 BTC, Joan of Arc 1.45 BTC Titan One Gold : $2,279 Cryptmint : $99 Antana : 0.02 BTC to 0.04 BTC use it for purchases in countries like USA,UK,Canada and Europe ? * Using the minted coin to purchase items? No. (At least for now?) It's mainly for collectors and die-hard enthusiasts. * Printing a paper wallet can be used for payments in select stores. (Hopefully more stores in the future) |
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dearbesz1219
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September 02, 2016, 03:45:50 AM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
Absolutely yes! bitcoin is possible to be mint aside from we know its a digital currency/virtual money, but it will be very difficult to do it because now the price value is too high. |
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BeginnerCoin
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September 02, 2016, 03:55:32 AM |
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No, there's no way to do this yet, and any one who has tried to mint physical currency backed by Bitcoin has been met with a knock at the door.
Stick to the digital world - except for the hardware you use to keep your Bitcoins in cold storage.
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rphk
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September 02, 2016, 08:47:46 AM |
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to transact physical bitcoin like selling with physical bitcoin some one has to accept it first , i believe that is not very easy , in case of digital transactions it is very easy and world wide many internet sites are accepting bitcoins ,Digital way is very easier than the physically transacting with bitcoin.
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PremiumCodeX
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September 02, 2016, 09:13:59 AM |
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It is possible but I think that it never will be used for purchases because transactions with physical bitcoins would not have the advantages that virtual transactions have like global accessibility, faceless deals between people from different sides of the world under minutes and so on.
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StarofBTC
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September 02, 2016, 09:21:06 AM |
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at least for me it is not. you can mint physical bitcoins. but you can't buy things with them.
but you can sell them. I saw lots of phsycial biticoin being sold here and coin collector buying them for good rates.. this is the only benefit I know of a phsycial bitcoin.
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davis196
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September 02, 2016, 11:51:18 AM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
Theoretically it is possible.Practically i don`t think that any merchant will accept this. This is an important part of bitcoin growth and mass adoption. I hope that sooner or later this will happen. |
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Sidas_Crew669
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September 02, 2016, 11:54:17 AM |
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at least for me it is not. you can mint physical bitcoins. but you can't buy things with them.
but you can sell them. I saw lots of phsycial biticoin being sold here and coin collector buying them for good rates.. this is the only benefit I know of a phsycial bitcoin.
There are indeed people who sell bitcoin physical form, but I think it's not something either in the growth of the bitcoin, as in the physical form of the bitcoin has no value added or not can be used. Better advertise bitcoin into online stores or introduce it on big companies so that they can adopt the bitcoin |
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Shiroslullaby
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September 02, 2016, 11:59:11 AM |
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I don't think anyone would accept a physical bitcoin because its just a form of a paper wallet.
You still have to perform a transaction and wait for confirmation.
Its basically a novelty way to have offline cold storage.
And most of them are collectors items that cost way more than the amount of BTC loaded on them.
It would be cool for someone to set up another run of coins and keep the price low.
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groll
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September 02, 2016, 12:38:38 PM |
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It is possible of course. But that will goes with a lot of debate and studies and legal actions with the government. And do not forget if the creator of bitcoin will allow that to happen. Also the investors of bitcoins as it will definitely change the way it was created. Creating it physically will having a fear effect to the holders as it will be and can be stolen from you.
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Noctis Connor
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September 02, 2016, 12:41:42 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
What is your point here? Do you mean Mint is Market where you can use your bitcoin as a payment method so that you can shop on groceries stores? some countries now are accepting bitcoin as a payment on their shops and some online store are also accepting bitcoins you can search for it. |
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Gaswuwade
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September 02, 2016, 01:42:51 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
You can't use the minted coins physically if that's what your are talking about, since it would just be more practical to scan the private key or send it to a new address.. There are many physical coins as souvenirs and for safe-keeping the BTC's though, Not any practical use to it now though. |
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Achargeturry78
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September 02, 2016, 01:48:14 PM |
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is it possible to mint physical Bitcoin and use it for purchases in countries like USA,UK,Canada and Europe ?
Mint what ? haha be specific mate because if you are trying to say that you can use your bitcoin in some supermarket where you gonna buy some items or staff that you can pay with bitcoin i think in USA it possible because it is populated country which is there a lot of people who using bitcoin as there currencies |
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