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July 17, 2013, 12:11:25 PM |
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People have put out physical btc that look like golden coins.
I poopse this idea and believe that it would split a wedge in the community, because the transfer of a coin cannot be reconsiled with the blockchain.
I propose that the physical form of btc should be a rectangular slip of paper with a QR code.
A service should be provided such that the QR code can be scanned in. If valid, it will deposit the value to a specified address.
Its validity should be computable on the spot without needing an internet connection.
The physical transfer of the slip of paper, coupon, what ever, should be of no consequence until cashed in.
Once cashed in it will complete the transaction from the printer's wallet to the cash-in-ers.
Of course, this provides severe issues still, so a bank service would be required. Upon creation of a btc coupon (anyone can print one) the "bank" would hold the bitcoin value until the coupon is either cashed or expires.
Cashing it in would invalidate it as a coupon represents the final piece to a transaction.
I need to think about this more...
Basically I think we shouldn't make heavy metal coins since their function as such is already accounted for by the crypticness
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