Bitcoin Banknotes Debut in Singapore

[imyashir]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

[1715511795]

1715511795

[1715511795]

1715511795

[1715511795]

1715511795

[1715511795]

1715511795

[1715511795]

1715511795

[1715511795]

1715511795

[mk4]

Good concept I guess? The challenge is to make them easy and quick to transact. The problem with this is that before you actually accept the "banknotes" you need to scan them one by one to confirm that it actually does contain some btc.

Correct me if there's something I missed.

[richan]

This is ridicules , there is more questions than answers to the introduction of this bitcoin banknotes in Singapore. Who is going to be the central authority of it? the issuer or the government  of Singapore . And has it been approved as a legal currency  for purchase of goods and services in Singapore. Bitcoin is based on blockchain and every transaction passes through the network. How will transactions of such exchanges passes through the block chain network.

[cindex]

Good concept I guess? The challenge is to make them easy and quick to transact. The problem with this is that before you actually accept the "banknotes" you need to scan them one by one to confirm that it actually does contain some btc.

Correct me if there's something I missed.

Yes that's very true! It will be interesting to see how they deal with that. It's funny that now the technology is being used to go backwards, from digital to paper (even though it's digital paper). Great concept though!

[drm]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

Very interesting, they look pretty good to be honest.

[Xester]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

This is a good way of circulating bitcoin since it will bridge the gap between bitcoin and the areas without internet access. But the problem is that if those producers of those bitcoin smart banknotes are going to print notes more than the number of bitcoin they have in store. If they will implement it then who will be monitoring the number of their produced banknotes. This is a good innovation but we need some monitoring since paper will not pass a blockchain.

[Jonsnowstark]

Wel the essence if botcoin being a digital money is lost if we use bank notes. Many people recommended before that bitcoin needa to be tangible. Digital is not tangible. Once it has coins or notes, there should come a central agency that keeps track of ot. This is really not helping out. I think they should just stop the circulation of that.

[lizardbtc]

This seem to be very good and unique idea, first thing when I read this I thought some bank is printing like 1:1 ratio but this is something that can't be bad. Honestly I don't see myself using such thing but I guess that some people are gonna find it very usefull.

[stompix]

Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

That's ~ 95$ and 480$.
For what are you going to use those?
And how are you going to get your change?

Moreover, the company says that its banknotes are equipped with “high-grade EAL6+ protection for all cryptocurrencies. Irretrievable private keys prohibit replication of wallet and its assets.”

So you can't extract the coins from the banknotes, and the only ones that can do this are the the ones issuing those....
It smells fishy, how can you be sure there aren't 5000 notes with the same address ?
This screams FIAT!!!!

[badakjawa]

is that true news? do you mean bitcoin have a physical shape of paper? if bitcoin has a physical shape like fiat, i think the bitcoin character is gone. and will certainly reduce the quality of bitcoin value.

and I think that bitcoin is not the same as fiat, what if bitcoin inventory runs out? because the bitcoin circulation with fiat is so different. so I think this is not good news

[Crypdon]

I guess this is more like a voucher than actual bank notes as they can only be used once unless you re-credit it with more bitcoin. Good for newbies but it should come with instructions on the back otherwise people may try to hand them to a cashier as it is who can then rip them off

[Juggy777]

This is awesome I would like to see more countries adopt it. However many questions remain about it's validity, whose the seller and who is guaranteeing them. Is the bank going to accept this and can it be used to buy and sell there. Most importantly is it tradeable at preev rates or what rates. Is there someone from Singapore who can shed light on this.

[nick_nick]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

Its a great idea though, but the big question is how is it going to be regulated? bitcoin is base on blockchain technology and I wonder if they are going to keep the private keys of these notes themselves or what.

[infofarmer]

I wonder if they are going to keep the private keys of these notes themselves or what.

It's impossible for the manufacturer or anyone else to ever see the private keys — they are created and protected by an independently certified chip and audited firmware.

who is guaranteeing them

what rates

Nobody has to guarantee the value inside Tangem Notes — it is real Bitcoin inside and you can easily verify it with any NFC phone, and extract it to another wallet if you're sure you don't need the note anymore.

I guess this is more like a voucher than actual bank notes as they can only be used once unless you re-credit it with more bitcoin.

Each Tangem Note can be circulated forever — it takes a fraction of a second to validate it with any NFC phone. Tangem Notes are exactly like actual bank notes, only better — there's no risk of counterfeit, no risk of government devaluing your currency, and you can extract the value via NFC if you urgently need to send it digitally rather than physically.

That's good idea considering it's convenience. But i wouldn't buy/use this banknotes since there's no way to verify whether They keep the private key or not.
Also, passing private key instead make a transaction is risky, especially if they really keep all private key of their banknotes.

If this "banknotes" is 100% open-source and don't have any balance when issued, this might be great product.

We would never make Tangem Notes if there was no way to verify that it is impossible to have a copy of any private key The chip creates and protects the keys, it's a highly certified secure element with an independently audited firmware. We cannot open source the firmware at this time, but a summary from Kudelski Security will be published when they're done with their analysis. However, we are open–sourcing our reference app and the protocol.

You'll be able to get Tangem Notes without value on them. For most people, they need them loaded with Bitcoin already.

if bitcoin has a physical shape like fiat, i think the bitcoin character is gone. and will certainly reduce the quality of bitcoin value.

If we're successful reaching a billion people with Tangem Notes, BTC will be valued at over USD 1 million in current terms. Of course, governments will start adapting long before that.

So you can't extract the coins from the banknotes, and the only ones that can do this are the the ones issuing those....
It smells fishy, how can you be sure there aren't 5000 notes with the same address ?

Of course you can extract Bitcoin from Tangem Notes, you don't need their private keys for that, just a special signature. The chip cannot import a private key, only create its own unique one. The firmware is audited.

Once it has coins or notes, there should come a central agency that keeps track of ot.

Tangem Notes are completely decentralized and do not need the manufacturer, an issuer, or any third party to keep track of it. The value is inside them on a secure chip and they can be redeemed back to blockchain at any time via NFC — the same way you validate their authenticity and current value.

This is a good way of circulating bitcoin since it will bridge the gap between bitcoin and the areas without internet access. But the problem is that if those producers of those bitcoin smart banknotes are going to print notes more than the number of bitcoin they have in store.

Fortunately you don't need to trust the manufacturer — the Bitcoin value is inside each Tangem Note, can be verified over NFC and extracted at any time.

[poptok1]

If all what infofarmer is saying is actually true than we gave a jackpot here 
Shit looks awesome, at least in description. If this won't make BTC worldwide and approachable for anyone than I don't know what will.
I wonder what will happen with btc inside those notes when one gets destroyed, for example by washing machine?
Bitcoins are going to be lost as I presume? Some central banks allow to exchange broken fiat for brand new ones, can it be somehow done with those? Also what is the actual material used to make them? Ordinary paper or something bit more durable?

[Virtual miner]

If all what infofarmer is saying is actually true than we gave a jackpot here 
Shit looks awesome, at least in description. If this won't make BTC worldwide and approachable for anyone than I don't know what will.
I wonder what will happen with btc inside those notes when one gets destroyed, for example by washing machine?
Bitcoins are going to be lost as I presume? Some central banks allow to exchange broken fiat for brand new ones, can it be somehow done with those? Also what is the actual material used to make them? Ordinary paper or something bit more durable?

Yep. Something of this kind is in itself a great revolutionary step taken up by Tangem, the manufacturer!

The idea is absolutely wonderful and the best part is that you need not pay high amount of transfer or transaction fees now. In fact the system is quite simple to operate and even layman can easily understand it because it is very much like the fiat currency notes they have using since times immemorial.

I don't think that bitcoins will be lost as long as you have your private key. And maybe the exchange you're taking about will also be possible in the near future once the acceptability of these notes become universal.

[infofarmer]

If all what infofarmer is saying is actually true than we gave a jackpot here 
Shit looks awesome, at least in description. If this won't make BTC worldwide and approachable for anyone than I don't know what will.
I wonder what will happen with btc inside those notes when one gets destroyed, for example by washing machine?
Bitcoins are going to be lost as I presume? Some central banks allow to exchange broken fiat for brand new ones, can it be somehow done with those? Also what is the actual material used to make them? Ordinary paper or something bit more durable?

Thank you!

The current first production batch is made from the very expensive Melinex PETF by Dupont Teijin Films. It's a thinner–than–usual plastic card that is virtually indestructible. We haven't tested, but it might easily survive a thousand full cycles in a washing machine.

[Spazzer]

Good concept I guess? The challenge is to make them easy and quick to transact. The problem with this is that before you actually accept the "banknotes" you need to scan them one by one to confirm that it actually does contain some btc.

Correct me if there's something I missed.

Yeah, I see this becoming a problem though. It would be interesting if a banknote could in a sense "self destruct". It's not very user friendly to have to scan each note and then having to dispose them. Outside of long term storage I don't see these being very logical as an application or other form of integration would be easier to use on a daily basis.

[stompix]

So you can't extract the coins from the banknotes, and the only ones that can do this are the the ones issuing those....
It smells fishy, how can you be sure there aren't 5000 notes with the same address ?

Of course you can extract Bitcoin from Tangem Notes, you don't need their private keys for that, just a special signature. The chip cannot import a private key, only create its own unique one. The firmware is audited.

This is a good way of circulating bitcoin since it will bridge the gap between bitcoin and the areas without internet access. But the problem is that if those producers of those bitcoin smart banknotes are going to print notes more than the number of bitcoin they have in store.

Fortunately you don't need to trust the manufacturer — the Bitcoin value is inside each Tangem Note, can be verified over NFC and extracted at any time.

Ok, you should really start clearing things on your website and add more details.

Because this one is just adding confusion:

UNCOPIABLE COLD WALLET
Hardware storage with high grade EAL6+ protection for all cryptocurrencies. Irretrievable private keys prohibit replication of wallet and its assets

Now, back to questions..
Since indeed coins can be extracted from the banknotes, what is the procedure for doing this?


Second,
What's your business plan?
Your not going to produce all those banknotes and chips just out of goodwill....
Where is the profit of Tandem going to come from?

[BingoDog]

I'm not sure if this is realy necessary. I mean bitcoin is virtual digital currency and banknotes isn't something that bitcoin realy needs. Will this attract more users to bitcoin? I'm not so sure and I also don' think that idea like this would last for long.

[infofarmer]

I'm not sure if this is realy necessary. I mean bitcoin is virtual digital currency and banknotes isn't something that bitcoin realy needs.

Does Bitcoin need smartphones, hot wallets, hardware wallets, Internet, servers, OTC desks, exchanges? Of course not, it is as beautiful in the white paper as it is in the real world.

We can't make it any less digital. Tangem Notes are just an interface. Like your smartphone wallet. But 100x more understandable and accessible to 7 billion people.

Ok, you should really start clearing things on your website and add more details.

Now, back to questions..
Since indeed coins can be extracted from the banknotes, what is the procedure for doing this?

Second,
What's your business plan?
Your not going to produce all those banknotes and chips just out of goodwill....
Where is the profit of Tandem going to come from?

We're relatively small and young and focused on technology, but a complete rework of the website and other materials is in progress, of course.

You can extract funds from a Tangem Note by asking it, over NFC, to sign a transaction from itself to an arbitrary address. For security, the note will require a perfect connection with the smartphone for 60–120 seconds, which requires a compatible device with a good NFC sensor and carefully touching the note with it for the duration. After that the smartphone broadcasts the transaction to the network.

Tangem Notes are met with extreme enthusiasm in every market we approached. Distribution channels are setting their markups when selling loaded Tangem Notes, which includes a relatively small cost of the note itself. Our goal is to pursue the mass market in the widest sense — enabling billions of people to use crypto.

Good concept I guess? The challenge is to make them easy and quick to transact. The problem with this is that before you actually accept the "banknotes" you need to scan them one by one to confirm that it actually does contain some btc.

Correct me if there's something I missed.

Yeah, I see this becoming a problem though. It would be interesting if a banknote could in a sense "self destruct". It's not very user friendly to have to scan each note and then having to dispose them. Outside of long term storage I don't see these being very logical as an application or other form of integration would be easier to use on a daily basis.

Validation is quick, technically NFC can work through stacks of cards — we're working to make this possible with some Android smartphones — and for large cashflow situations we can make note counters. For national cryptocurrencies, governments can choose to restrict extraction to accredited entities, and protect their smart banknotes with both NFC and physical measures.

[brickafterbrickwalldpt]

I don't understand why people are so hyped about these banknotes. I would rather use a mobile wallet on my Android phone rather than carry such banknote with me all the time. I think that we should go straight to digital payments and ditch the old method of using coins and bills. What's difficult in scanning a QR code? NFC Bitcoin payments are just a matter of time. Creating banknotes is a waste of resources and most importantly - money.

[o0‡0o]

Its just a clever way of easy usage hardware walled.

[yoseph]

I really don’t see the legal binding of this currency whatsoever and we shouldn’t encourage the physical denomination of bitcoins to say the least because when it is stolen it’s stolen like any other currency and this will lead to centralization as well.

[infofarmer]

I really don’t see the legal binding of this currency whatsoever and we shouldn’t encourage the physical denomination of bitcoins to say the least because when it is stolen it’s stolen like any other currency and this will lead to centralization as well.

It's the inability to steal that requires and leads to ultimate centralization.

I don't understand why people are so hyped about these banknotes. I would rather use a mobile wallet on my Android phone rather than carry such banknote with me all the time.

That's the whole point — the notes are for all the other people, billions of them, who'd like to get into crypto, but can't since setting up and maintaining a wallet is not easy or safe for them, and buying bitcoin is even harder.

[eternalgloom]

I don't understand why people are so hyped about these banknotes. I would rather use a mobile wallet on my Android phone rather than carry such banknote with me all the time. I think that we should go straight to digital payments and ditch the old method of using coins and bills. What's difficult in scanning a QR code? NFC Bitcoin payments are just a matter of time. Creating banknotes is a waste of resources and most importantly - money.

It's just a novelty item that will probably fade away after a while. People are just hyped because it's something new
I also don't really see anything ground breaking here, they're just releasing small paper wallets in essence.

That said, I'd probably buy one, just as a collectors item, if I can get my hands on one of them.

[Fourgh]

It's a good step in integrating bitcoin in the society, but it may take sime time before the public can really enjoy the convenience of cryptocurrency. Hope other countries will follow suit.

[infofarmer]

It's a good step in integrating bitcoin in the society, but it may take sime time before the public can really enjoy the convenience of cryptocurrency. Hope other countries will follow suit.

For clarity, Singapore was just convenient to start, there's no backing from the government. We hope to expand Tangem to many countries as we solve cross–border crypto–fiat logistics, which is not yet trivial.

It's just a novelty item that will probably fade away after a while. People are just hyped because it's something new
I also don't really see anything ground breaking here, they're just releasing small paper wallets in essence.

Paper wallets cannot be circulated reliably. Opendime comes close to circulation, but is too complicated to use and not secure enough (in our opinion) for mass adoption. Tangem Notes, we claim, are the first physical instruments ready for billion–scale everyday use by everyone who knows how to use paper cash.

That said, I'd probably buy one, just as a collectors item, if I can get my hands on one of them.

You can request a free sample (we ship selectively) or order a Pioneer Kit from our homepage at https://tangem.com

[Powerpuff]

Simplicity with security is going to be key for 100% adoption. Finance is complicated enough for a majority of people. Coupling it with computers has always been the hurdle we see for mass adoption. This physical, secure, tangible asset would make it so every average Joe could keep Bitcoin under his mattress."

[fatema]

It's a really big news I'd like to see more countries accept it. They have taken it legally. Bank of their country is taking note of this, so now it can be sold and sold there very easily. People can now complete their payment and transaction work. As Singaporeans use it as a note, they add new dimensions to their trade system.

[Safebit.io]

We've heard of Tangem, and think that this could be promising tech. It also helps onboard completely new users. As long as it serves its' purpose without abusing trust, it's a good thing to have.

[EnaksiS]

I hate banknotes. Technology has improved already with blockchain but somebody trying to make it become old school level. Everybody has mobile phones. Use it!!!

[hasimkamal]

Sounds interesting. When i will visit Singapore i must try to collect a banknote of bitcoin, as it's my hobby to collect currencies.

[franky1]

dont think of it as a circulartion CASH. think of it as a cascious coin on paper... like more of a bearer bond/hoard concept of paper wallet but more secure than the first gen paper walet

[Dmitry.Vastov]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

I don’t know what to say on this news that bitcoin digital notes has been manufactured in Singapore, its like a dream come true because all we want that bitcoin to be declared as a central currency world wide and this is a huge step towards this goal but this will bring some issues also that bitcoin is preferable over all other currencies because its very hard to step it and we believe that one day bitcoin will replace the paper currency and we are making bitcoin itself a paper currency , I don’t think that this thing is justified.

[Veterock]

Wow! Cool banknotes! They can only be bought in Singapore?

[infofarmer]

Wow! Cool banknotes! They can only be bought in Singapore?

You can order a special Pioneer Kit from tangem.com — it's not cheap though. We're setting up pilot distribution around the world fast as we can.

[jonathancool220]

mature thoughts that can combine paper money with digital money to facilitate transactions in the country.

so the question is,
- is the banknote safe from the Bitcoin address and its private key?
- whether when the paper will be outdated / destroyed can still be used Bitcoin it?

[Kakmakr]

I think this will create even more confusion, because on the one side Bitcoin people are telling people that Bitcoin is digital money and that the coin in Bitcoin is not a physical coin and now people create physical Bitcoin Banknotes. 

If I was a newbie and I was presented with this Bitcoin banknote, then I would be totally confused. I also doubt if the Singapore government will tolerate people that are printing currency, even if they are just printing the "carrier" of that currency in the form of a Banknote. 

[electronicash]

does it have a QR code where users can turn it into a digital bitcoin?

it will be cool if people buying it can scan a qr code of these banknotes so they can sent the coin online and pay to ecommerce accepting btc. if its only paper then this is going to be a ridiculous concept. those who know how to use bitcoin will certainly not buy such.

[boljul]

I'm not sure if this is realy necessary. I mean bitcoin is virtual digital currency and banknotes isn't something that bitcoin realy needs. Will this attract more users to bitcoin? I'm not so sure and I also don' think that idea like this would last for long.

+1 I think that people don't need a paper type BTC. Itself it came to reduce using banknotes. And there is another question: "Who will provide digital transactions when somebody pay with this banknotes?"

[Wind_FURY]

What's the difference between this and the Lightning Network and what is more efficient? If you lose your paper note what would happen to the Bitcoins backing it?

Plus how do the banks make money in doing this? There has to be an incentive.

[lehuong]

Bitcoin Banknotes Banknotes has released a bitcoin version of the singapore line at 0.01 and 0.05 BTc. This makes circulation easier and more convenient, starting with bitcoin's paper money deal

[spadaccino]

it does not make any sense for me to have a printed banknote. In the digital era everything is in a bit

[kangen riko]

The number of bitcoins is limited but they print bitcoin banknotes repeatedly, does this mean they will print the same bitcoin data for different money? Is not this the same as forging bitcoin?
I think it's more like a member card than a means of payment. This money is acceptable to the Singapore community, but in other countries it is not.

[gesdan]

so its like they use the innovation to makes bitcoin become a paper money? i think its not necessary because as i know that bitcoin is work in digital form and we all know that bitcoin is can work 100% when it become a digital currencies, so if they want to make paper money of bitcoin its doesnt have the clear purpouse

[zcooipo]

Is this backwards? Cryptocurrency is more advanced than banknotes. Bitcoin's goal is to use electronic payments instead of banknotes. If bitcoins are made into banknotes, then Bitcoin will lose its meaning.

[blockchainmarketus]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

That's a great idea, hope not only bitcoin banks notes but also eth and other more stable coins . If the banks will release its crypto, I I think the users will welcome as long as the princyple of cryptocurrency is the same, anonymity and decentralization.

[infofarmer]

That's a great idea, hope not only bitcoin banks notes but also eth and other more stable coins . If the banks will release its crypto, I I think the users will welcome as long as the princyple of cryptocurrency is the same, anonymity and decentralization.

Tangem technology supports ETH and ERC20, we're looking to partner with certain gold–backed stable coins.

Is this backwards? Cryptocurrency is more advanced than banknotes. Bitcoin's goal is to use electronic payments instead of banknotes. If bitcoins are made into banknotes, then Bitcoin will lose its meaning.

Tangem Notes are smart banknotes with extremely advanced electronics inside. They are not a replacement for the digital nature of Bitcoin, rather a user–friendly, simple, and secure physical interface to crypto. The fact that smartphones and bitcoin ATMs are physical does not mean they are in contradiction with the digital properties of coins.

If you lose your paper note what would happen to the Bitcoins backing it?

Plus how do the banks make money in doing this? There has to be an incentive.

Bitcoin is on a chip inside each Tangem Note; if you lose or destroy a note, the Bitcoin is lost. If someone else finds or steals a note, they have the Bitcoin.

Tangem Notes are essentially smart cards, consumers are paying a reasonable premium when buying / selling Tangem Notes in retail compared to current rate of BTC. Part of that premium is covering physical production.

Who will provide digital transactions when somebody pay with this banknotes?

The beauty of Tangem Notes is that Bitcoin transactions can now be physical. As BTC is inside each note, you only need one digital transaction to «load» the note when it's manufactured and sold and another digital transaction to «extract» its value back to another wallet — when the note is no longer needed.

If I was a newbie and I was presented with this Bitcoin banknote, then I would be totally confused. I also doubt if the Singapore government will tolerate people that are printing currency, even if they are just printing the "carrier" of that currency in the form of a Banknote. 

The reality is, 99% of newbies understand physical bitcoins immediately and without any questions. And the government of Singapore is far smarter than what you seem to think.

does it have a QR code where users can turn it into a digital bitcoin?

it will be cool if people buying it can scan a qr code of these banknotes so they can sent the coin online and pay to ecommerce accepting btc

QR codes are insecure. A special chip inside each Tangem Note carriers the whole BTC value and can be validated and extracted at any time using a compatible Android smartphone with NFC.

- is the banknote safe from the Bitcoin address and its private key?
- whether when the paper will be outdated / destroyed can still be used Bitcoin it?

The private key is created by the chip when manufactured and can never be seen. The public key and address can be easily seen via NFC. The smart banknote can sign transactions with its private key without disclosing it.

If a Tangem Note is destroyed before its value is extracted, the Bitcoin is lost forever. They are made of an extremely resilient type of plastic with a highly protected chip inside, quite difficult to damage compared to paper cash.

You can always extract the value, whether «outdated» or not, whatever that means. The notes are currently certified for 40 years of service, but will likely last centuries.

[TheQuin]

I think this will create even more confusion, because on the one side Bitcoin people are telling people that Bitcoin is digital money and that the coin in Bitcoin is not a physical coin and now people create physical Bitcoin Banknotes. 

If I was a newbie and I was presented with this Bitcoin banknote, then I would be totally confused. I also doubt if the Singapore government will tolerate people that are printing currency, even if they are just printing the "carrier" of that currency in the form of a Banknote. 

Do you think that paper wallets confuse newbies? Do you think that the Singapore government is likely to ban Ledger and Trezor?

I'm just extending the logic of the argument as these notes are really just a cross between those two things. It has the convenience of a paper wallet but with the added security of the private key only being accessible to the person physically in possession so the previous owner can no longer access it.
They are not printing a currency any more than any hardware wallet manufacturer is either.

[railyako]

This is a good progress for bitcoin. especially for those areas that have very limited internet access.We just need some sort of body that can monitor the printing of these banknotes

[Dmitry.Vastov]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

On the one hand this is very very good news that different countries are now started thinking about the bitcoin and doing something in favour of bitcoin, like in Singapore, bitcoin notes has been introduced but on the other hand , I don’t feel the need of this, we all love crypto and bitcoin because no physical form exists so it is very hard to steal or hardly any fraud or hacking takes place with the crypto and moreover tit is easy to carry as you can carry your bitcoins in your bitcoin wallet in mobile phones 📱.

[TheQuin]

but on the other hand , I don’t feel the need of this, we all love crypto and bitcoin because no physical form exists so it is very hard to steal or hardly any fraud or hacking takes place with the crypto and moreover tit is easy to carry as you can carry your bitcoins in your bitcoin wallet in mobile phones 📱.

That's not true. Casascius was making physical Bitcoins back in 2011  https://en.bitcoin.it/wiki/Casascius_physical_bitcoins and companies like BTCC are still making them now. https://store.btcc.com/

These are encrypted hard wallets so no more likely to fraud or hacking than any other wallet. They are the same size and shape as a credit card so as easy to carry as anything else.

[betty12]

This is very funny. I doubt it can stand the test of time.

[Dmitry.Vastov]

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/

I think this is very very good news that countries has now started to think about bitcoin and now the work for bitcoin has been started in different countries but I think not exactly what we want, we want and live bitcoin and all other crypto currencies as they are , we love them because they are in virtual form and in digital form and are much more secure than paper currency and in this if we introduce bitcoin notes then obviously it will become like that of paper currency and then this is no use and there will be nothing new technology with bitcoin.

[btcCoincart]

Actually there are some banks issue bitcoin and ripple already. But the important is how popular and how can they be applied into life

[lolland]

Nice idea, how will this work.

[Samaaliu]

This is rather confusing and disturbing to me. Why Bitcoin Banknotes? Is Bitcoin not supposed to be a digital currency and used only via online platforms? Who printed these notes? Who will be in control or regulating the issuance? I think there is much more to this than I think. But I hope it serves as a means of further spreading the message of Bitcoin and its acceptability.

[ggugoienpai]

I think this is pointless. Bitcoin is a digital currency. It is a network trust consensus generated after verification. The printed paper is a pile of rubbish. No one can buy the paper foolishly.