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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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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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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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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