AAKODI
Jr. Member
 Offline
Activity: 205
Merit: 1
|
 |
January 26, 2019, 06:24:44 AM |
|
It will never exist in currency notes because the main idea why bitcoin was invented in the first place to introduce the best untangible digital currency to do transactions without any baririers but if we gives a physical form to bitcoin it destroy the main vision of it but if btc can exist in both physical and non physcal forms it might be a advantage to expand more into local areas in the world because majority of people doesn't have IT facilities but that is imposible to happen
|
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
|
|
|
|
|
|
|
|
|
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
alina345
Jr. Member
Offline
Activity: 119
Merit: 6
Hello =)
|
|
January 26, 2019, 09:09:43 AM |
|
Well, I think not! Bitcoin is the first ever digital currency and the strongest brand name of cryptocurrency. It gained popularity because of its digital nature. With the decrease in the value of fiat currency, people are more interested to invest in this market because it is free from all the government and banks control.
All the buyers and sellers can contact each other through technology and transactions can be made within seconds through the internet. Being said with that, I don't think its ever going to exist as currency notes.
|
|
|
|
|
|
BennyK
|
|
January 26, 2019, 09:31:17 AM |
|
I don't think Bitcoin will ever be printed out as currency notes. One of the main goals for the creation of Bitcoin was to make money handling very handy and to also avoid all the wear and tear features associated with paper currencies. Where lies the uniqueness of Bitcoin if it is printed as paper currency?
|
|
|
|
marjil
Member
Offline
Activity: 454
Merit: 13
|
|
January 26, 2019, 12:04:36 PM |
|
maybe in the future it will happen that we can withdraw our bitcoin into a fiat or deposit our fiat into deposit instantly using Bitcoin ATM, but fir right now it will not happen, because of the policy in all country in the world
What are you talking about? Already there are many bitcoin ATMs in different countries across the globe. With their help, you can buy bitcoins (like some other crypto currencies) and withdraw your bitcoins (and some other crypto currencies) to fiat. So this is not a ghostly future this is the real reality. Here is a link where you can find more information on this issue. https://coinatmradar.comAs well as a quick visual hint:  This is so spot on. I was also going to say that there are all over the world many ATMs already available. They operate on the same basis as transferring cryptocurrency via the blockchain the only difference being that you use a card for the transaction. There is no such thing as bitcoin notes or physical bitcoin coins and there wouldn't be because cryptocurrencies are based on code on the blockchain with the transfers being enabled via a combination of a public key and a private key. |
|
|
|
Onuohakk
Member
Offline
Activity: 672
Merit: 29
|
|
January 28, 2019, 08:03:22 PM |
|
Bitcoin is not like every other currency it's backed by the blockchain system.
And this makes it unrealistic of it becoming into a fiat note
|
|
|
|
Screamshot
Jr. Member
Offline
Activity: 140
Merit: 2
FUTURE OF SECURITY TOKENS
|
|
January 29, 2019, 06:21:02 AM |
|
Bitcoin existing in a currency note will go against it's purpose of creation. Bitcoin was created to break all boundary and that can only be achieved through digital currency. Making it into note will give it same disadvantages the fait currency we have today has. Fait currency are old news bitcoin is the future.
|
[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
|
|
|
FUD Expert
|
|
January 29, 2019, 06:22:02 AM |
|
Maybe a souvenir or for display in a museum would do but for daily use then that is merely impossible. What's the point of blockchain when we'll just go back using fiat that we are trying to dispose in the first place? I just know that bank can issue a commemorative just like that one but it's just a possibility.
|
|
|
|
|
|
Pattart
|
|
January 29, 2019, 03:06:54 PM |
|
What for? Digital currency on the contrary invented to get away from these extra pieces of paper. Then why turn the bitcoin into cash? This is unnecessary, and it is unlikely to happen.
Thats right, I don't think technology will go backwards. although cash is still a lot of users but bitcoin will never be paper, digital will be increasingly used, this only takes time, because the process of becoming a mainstram takes a long time you know. |
|
|
|
|
Blocktopian88
Jr. Member
Offline
Activity: 80
Merit: 1
|
|
January 29, 2019, 04:07:31 PM |
|
Coincidently, I've read an article about half a month ago, it said you can now buy Bitcoin at some grocery stores in the US. Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks. The kiosks will only accept U.S. dollar bills, with a $2,500 limit. To purchase bitcoin, users would have to input their phone number to the kiosk and insert their paper bills. They would then receive a code, which the customer would be able to use to redeem bitcoin by creating a Coinme account online.
|
|
|
|
|
miner32342
Full Member
Offline
Activity: 599
Merit: 100
PointPay.io
|
|
January 29, 2019, 04:21:24 PM |
|
nope, that's not possible, it's against the bitcoin Whitepaper.
Why not? I think some cryptobanks are already working on it. Once they create an instrument of implementing this idea and solve the legislature issue in particular jurisdiction, they will be able to place such securities on the balance of the bank account. Thus, bitcoin will be more attainable to general population. It's not a question of bitcoin's Whitepaper - it's likely a legal question. |
|
|
|
|
hxtop
|
|
January 29, 2019, 07:01:23 PM |
|
As a result of the high interest in bitcoin ATMs, banks may have wanted to take advantage of this trend and keep their customers by offering alternatives to their customers. Maybe, they are too late to do that and missed their chance. Since bank ATMs are widely available around the world, banks have a moderate advantage and if they allow bitcoin transactions to be made at these ATMs in a short period of time, they can recover their lost time.
|
|
|
|
|
iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
|
|
January 29, 2019, 11:05:04 PM |
|
As a result of the high interest in bitcoin ATMs, banks may have wanted to take advantage of this trend and keep their customers by offering alternatives to their customers. Maybe, they are too late to do that and missed their chance. Since bank ATMs are widely available around the world, banks have a moderate advantage and if they allow bitcoin transactions to be made at these ATMs in a short period of time, they can recover their lost time.
If the bank does an extradition of the use of bitcoin then it will make a very big change. true as you say that ATMs can make very big changes. when there is an ATM it will make bitcoin more real and get closer to the lives of many people. we should wait for what will happen in the future. we wait for all that with patience and we will seize the opportunity to get multiple benefits in the use and investment of bitcoin. |
|
|
|
|
Kelvinikke
Member
Offline
Activity: 350
Merit: 10
A Blockchain Mobile Operator With Token Rewards
|
|
January 29, 2019, 11:24:14 PM |
|
I don't think so. Bitcoin is a digital currency and not a fiat currency so what is the point in making a physical representation of it. One of the main reasons why bitcoin was created was to create a fast mode of payment system without the use of physical money. So why on earth do you want to have a physical bitcoin currency.
|
|
|
|
|
Triwiyono
|
|
January 30, 2019, 09:53:53 AM |
|
in my opinion this bitcoin atm will attract money in the form of fiat and also in the form of transactions. for example, like withdrawing fiat money, the system will directly sell the bitcoin that the customer has at that time, or they can easily pay to use bitcoin through code or transfer like on a typical atm machine.
|
|
|
|
Ezenwanyi
Copper Member
Jr. Member
Offline
Activity: 336
Merit: 1
|
|
February 05, 2019, 07:20:13 PM |
|
From my point of view, I understand that bitcoin is only but a decentralized virtual currency.
If bitcoin would be in paper form, I think Natoshi would have seen to that long ago.
Ido not think that bitcoin will becone paper money in The nearest future as that would defeat the purpose of it's creation.
|
▀▀ PUBLISHprotocol [ WHITELIST ] ▀▀
The most viable blockchain based media platform |
|
|
|
MonaLeeTracy
|
|
February 08, 2019, 09:57:41 PM |
|
It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.
The question is " how will these ATMs operate?" Will customers withdraw money in the form of Bitcoin notes or fiat??? Please share your views on this topic. I need clarifications.
I think exchanging our coins in a bitcoin ATM is certainly fiat money, not in the form of bitcoin anymore. because bitcoin atm is also not widespread yet. so it's still rare. Moreover, our goal sometimes to use a bitcoin atm can make it easier for us to exchange our coins into fiat currency. |
|
|
|
|
|
trader34
|
|
February 08, 2019, 10:10:06 PM |
|
It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.
The question is " how will these ATMs operate?" Will customers withdraw money in the form of Bitcoin notes or fiat??? Please share your views on this topic. I need clarifications.
I think exchanging our coins in a bitcoin ATM is certainly fiat money, not in the form of bitcoin anymore. because bitcoin atm is also not widespread yet. so it's still rare. Moreover, our goal sometimes to use a bitcoin atm can make it easier for us to exchange our coins into fiat currency. Yes, Bitcoin ATMs can be useful to buy more easily bitcoin with fiat money. However, you will pay higher fees for the service. Much higher fees in many cases. If one isn't really a newbie, exchanges are always the best way. |
|
|
|
|
hakertajniak
Member
Offline
Activity: 504
Merit: 10
YOUC | John McAfee Supports
|
|
February 09, 2019, 03:51:37 PM |
|
If bitcoin exist in currency notes, then it will be no different from fiat money.
I guess bitcoin better stay in digital form than in currency notes because bitcoin is a digital currency.
You will have a higher chance to lose your bitcoin if it is not on the digital form.
|
|
|
|
bitbunnny
Legendary
Offline
Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
|
February 09, 2019, 03:56:51 PM |
|
If bitcoin exist in currency notes, then it will be no different from fiat money.
I guess bitcoin better stay in digital form than in currency notes because bitcoin is a digital currency.
You will have a higher chance to lose your bitcoin if it is not on the digital form.
It's not only the paper forn that differs Bitcoin from fiat money so with having Bitcoin notes they will not become equal. But no matter to that I really don't think there is any need for Bitcoin to get currency notes. Bitcoin is cryptocurrency, digital money and we are having towards digital world and era so the smaller amount of paper forms we use, the better. To my opinion Bitcoin should stay fully digital. |
|
|
|
Msworld83
Copper Member
Newbie
Offline
Activity: 448
Merit: 0
StableDex | Decentralized, Secure & Cost Effective
|
|
February 09, 2019, 04:06:55 PM |
|
Having bitcoin in paper note will be a damage to its value as that alone will affect it safety and mining purpose for which the same coin will be in someone wallet and having the note doesn't state the owning of the coin , so I see no reason to have a currency note in bitcoin why sending and receiving is what generate the new coin .
|
|
|
|
|
|
