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Author Topic: I want Physical Bitcoin!  (Read 423 times)
Mary Laura
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January 23, 2018, 04:52:28 AM
 #1

 :)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  Smiley Smiley
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mikejohn221
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January 23, 2018, 05:07:54 AM
 #2

Hi Mary,

I have thought about the concept of an off grid currency, that is where true decentralization exists, the need to transaction without a massive network/internet. Where if the internet is limited forcefully by governments, or some sort of disaster happens, 2 or more people can transact, without a trace of a transaction or ledger. I couldn't find anything, the Physical bitcoins were basically keys that you can scan and it would be added to your wallet, but you still need the global blockchain, internet to confirm clear anything, and a way to avoid double spends.

But of course the whole crypto community is focused on enslaving us on a global antichrist blockchain.
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January 23, 2018, 10:14:38 AM
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 #3

Physical bitcoin : A special type of Bitcoin wallet that works as a bearer instrument that can be used to store bitcoins more safely or for trade offline.[1]
with simple word it is hardware private key user must hide private and shear public key (wallet address) .
you can Scan your private key (which have a value of wallet) and add it to your PC/android wallet.

Source: https://en.bitcoin.it/wiki/Physical_bitcoin
List of Physical bitcoin sources.

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January 23, 2018, 10:58:52 AM
 #4

Physical bitcoin : A special type of Bitcoin wallet that works as a bearer instrument that can be used to store bitcoins more safely or for trade offline.[1]
with simple word it is hardware private key user must hide private and shear public key (wallet address) .
you can Scan your private key (which have a value of wallet) and add it to your PC/android wallet.

Source: https://en.bitcoin.it/wiki/Physical_bitcoin
List of Physical bitcoin sources.

Indeed a very simple and right explanation. Smiley
Still if you want to have a physical BTC coin (which one though is a "tough" choise),you can also take a look here.

Don't forget that is a wallet with anything that this entails. Good luck and happy shopping. Grin

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January 23, 2018, 03:27:23 PM
 #5

Casascius physical bitcoins, also called Casascius coins, are physical metal coins created by Bitcoin user Casascius

(Mike Caldwell, Sandy, Utah, USA) and sold until Nov 26, 2013. The problem is, the government has a monopoly on the

creation of Fiat currencies and they will protect that privilege. Some of these coins are still being traded and sold, but more

as a novelty item. {collectors item}  Grin

Signature space for Hire :->
buwaytress
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January 23, 2018, 04:13:26 PM
 #6

Yeah, Casascius to me are really the only items that come to mind when people say "physical Bitcoin". They don't actually exist but Casascius have been used to represent the physical image of Bitcoin, even today by most of the mainstream media. There are plenty of other types of coins, but they're all collectibles and only have value within collector circles, as you can imagine. Just have a wade into the Collectible section of this forum: https://bitcointalk.org/index.php?board=217.0

You'll always find Casascius and others there, you'll be surprised by the quality of workmanship on these things. All the physical crypto coins I own (none are Bitcoin unfortunately) have come sellers or distributors from this forum.

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January 23, 2018, 08:42:37 PM
 #7

Why would you want to have it? Bitcoin is virtual and does not exist physically but i saw one, a representation of bitcoin which my cousin bought. But that is only as a souvenir or a keepsake.

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January 23, 2018, 08:48:20 PM
 #8

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  Smiley Smiley
There are really some physical bitcoins being created but not totally having the essence that do act as a legal one or really on circulation since those coins are just good for collection. You would able to find most sellers of it here on this forum specially on digital goods section where you would able to find out people selling it out. I have bought some physical bitcoins too but those bronze one. Grin


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marjon
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January 24, 2018, 12:03:27 AM
 #9

Physical bitcoins already exists, they were being minted in gold with a size of traditional coin. But this are just for collection or souvenir purposes only. When we use it to transact offline, it can be a decentralized anymore.
JonesMark
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January 24, 2018, 12:18:59 AM
 #10

Me too! I believe there are some on the market out there, let's have a look at eBay
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January 24, 2018, 02:03:00 AM
 #11

Occassionally the old Physical Bitcoins that were created come up for sale in the Auctions section.

Auctions:
https://bitcointalk.org/index.php?board=73.0

You can make them yourself really easily, you simply need to find any physical object and attach your Public/Private Key to it. Some make theirs look nice in the form of coins.

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January 24, 2018, 02:25:37 AM
 #12

Occassionally the old Physical Bitcoins that were created come up for sale in the Auctions section.

Auctions:
https://bitcointalk.org/index.php?board=73.0
Most of them can be found at Collectibles section.
Just have a wade into the Collectible section of this forum: https://bitcointalk.org/index.php?board=217.0

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  Smiley Smiley
Everything you need to know has been said by our fella's here. If you are about to buy one, I've seen some coins out there that has still those fork coins so it's not only bitcoin(physical & virtual) you will get but together with altcoins but the price of course it's adjusted too.

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January 24, 2018, 02:26:38 AM
 #13

It's not a miracle if you get a physical Bitcoin because this physical Bitcoin still exist in our community, But this is not a available around here, a physical Bitcoin is a highly valuable than any other thing, It has already existed and they are mainly created by gold that's look like our traditional coin. you have to consider that those are really for the purpose of souvenir purpose not for the transaction purpose.


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January 24, 2018, 02:29:23 AM
 #14

Curious as to how new currencies can be established, printed/minted and issued legally. Bitcoin is legal yes but buying a currency printer from a banknote printer such as for example De La Rue or Oberthur Technologies won't be easy. They will want to see official paperwork from a recognized government.

With governments having an inviolable monopoly over their banknote printing and coin minting operations, how can one legally print or mint a new currency? Privately printing or minting an existing currency is of course unlawful which would fall under counterfeiting laws. But minting a coin which doesn't exist (yet) is not illegal. Or is it?

Or are there laws making it illegal to establish or disseminate a new currency?

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January 24, 2018, 03:15:44 AM
 #15

Curious as to how new currencies can be established, printed/minted and issued legally. Bitcoin is legal yes but buying a currency printer from a banknote printer such as for example De La Rue or Oberthur Technologies won't be easy. They will want to see official paperwork from a recognized government.

With governments having an inviolable monopoly over their banknote printing and coin minting operations, how can one legally print or mint a new currency? Privately printing or minting an existing currency is of course unlawful which would fall under counterfeiting laws. But minting a coin which doesn't exist (yet) is not illegal. Or is it?

Or are there laws making it illegal to establish or disseminate a new currency?

I think that you can make your own currency, you won't be recognized by banks etc, but you can definitely start your own token of any kind.
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January 24, 2018, 04:05:16 AM
 #16

I just don't understand the point though. The whole purpose of bitcoin is that as long as you remember your wallet phrase, you can use it anywhere and transfer it anywhere, and it won't be stolen unless you give your phrase/private key to someone. Doesn't holding physical bitcoin kind of defeat the entire purpose of this? How do you transfer it? How do you protect it?
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January 24, 2018, 04:08:01 AM
 #17

 There is already a physical bitcoin which is a hardware wallet.
I remember hearing a while back about someone who actually did created a few physical bitcoin.
As far as I can remember, that was fake or just for fancy. Well, maybe hardware wallet company will create a coin like hardware wallet with bitcoin logo on it in the future. Your thought can be the trigger for it. Smiley

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January 24, 2018, 04:38:30 AM
 #18

:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well.
But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  Smiley Smiley
Yes, there are organization that involve in creating or selling physical bitcoin and OgNasty fans club is one and here is his auction thread https://bitcointalk.org/index.php?topic=1637562.0. I think the concept behind the creation of physical bitcoin is to be use as a collection for bitcoiners since bitcoin is virtual currency and can not be held but the physical bitcoin are not the real bitcoin.

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January 24, 2018, 06:52:17 AM
 #19

New physical bitcoin that is being introduced in Japan. They discuss the need for physical bitcoin and show how a Satori Coin works.

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January 24, 2018, 09:38:47 AM
 #20

I think bitcoin is better off been a digital coin that it is. That was the concept it was created for 'as a digital currency'. But nevertheless, I have heard of and see a physical bitcoin, though I don't have one. Most people believe it will be better off having it when trying to hold for quite a longer term, which might also be good. You can check out in the marketplace section, probably you might see anyone who is willing to sell. Just make sure its the genuine coin.
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