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Question: What is the definition of a Physical Bitcoin to you?
Any token or coin with a Bitcoin Logo on it - 3 (7.3%)
Any token or coin with a Bitcoin Logo AND LOADED with Digital Bitcoin - 38 (92.7%)
Total Voters: 41

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Author Topic: POLL-What is the definition of a Physical Bitcoin to you?  (Read 432 times)
OgNasty
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April 24, 2019, 07:23:21 PM
 #21

And yes, Kialara is not a physical Bitcoin until loaded.

So maybe we could come up with a good term that would define an item that has the potential to be a "Physical Bitcoin" but not yet loaded/assembled? Huh

Agree...perhaps a Bitcoin Wallet token ? Not sure if that sums it up...but everyone can have their say.

No need to add the word token.  Any private key is a wallet, if it's outside of the digital realm it is a physical wallet.  A physical Bitcoin would be any physical wallet loaded with a Bitcoin.  I didn't realize this was a debatable topic.

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April 25, 2019, 02:13:22 PM
 #22

Quote
Any token or coin with a Bitcoin Logo on it
Being bitcoin branded does not make it a physical bitcoin this might be just some crypto merchandise or crypto memorabilia

Quote
Any token or coin with a Bitcoin Logo AND LOADED with Digital Bitcoin
This definition comes close to defining a physical bitcoin but I think it kind of defines a wallet...like a paper wallet, but in this case this could be called a coin wallet too.

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April 25, 2019, 02:46:38 PM
Merited by krogothmanhattan (1)
 #23

To me, a "Physical Bitcoin" is any item bearing a private key that is obfuscated in a tamper-evident manner, with the public address linked to the private key carrying funds on the blockchain. (loaded)
Then, the items come in different shapes : a coin, a chip, an art piece, a cereal box ... but what makes it a physical bitcoin is the hidden privkey & funds on blockchain.

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April 26, 2019, 12:55:35 AM
 #24

I still don't understand why anyone would want any physical cryptocurrency other then for looks doesn't it kind of defeat the purpose? Also if btc mooned can't the makers of the coins just sweep all the addresses assumi g funds were left on the coins? I don't get it

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April 26, 2019, 01:06:39 AM
 #25

I still don't understand why anyone would want any physical cryptocurrency other then for looks doesn't it kind of defeat the purpose? Also if btc mooned can't the makers of the coins just sweep all the addresses assumi g funds were left on the coins? I don't get it

    Its a passion and hobby my friend...we are collectors of this unique hobby and are the select few that recognize the importance and significance of physical bitcoin coins.

   And yes...we do place a hell of alot of faith in the makers. Yet when btc did moon to 20k..they remained intact.
 
    There are coin makers that did sweep or breached their coins...I wrote a thread dedicated to them here https://bitcointalk.org/index.php?topic=3315347.0

    Does paying for a stamp 9 million dollars make sense? Its only a small piece of paper...but someone did. Its part of being a collector at heart.

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April 26, 2019, 02:20:45 AM
 #26

I still don't understand why anyone would want any physical cryptocurrency other then for looks doesn't it kind of defeat the purpose? Also if btc mooned can't the makers of the coins just sweep all the addresses assumi g funds were left on the coins? I don't get it

    Its a passion and hobby my friend...we are collectors of this unique hobby and are the select few that recognize the importance and significance of physical bitcoin coins.

   And yes...we do place a hell of alot of faith in the makers. Yet when btc did moon to 20k..they remained intact.
 
    There are coin makers that did sweep or breached their coins...I wrote a thread dedicated to them here https://bitcointalk.org/index.php?topic=3315347.0

    Does paying for a stamp 9 million dollars make sense? Its only a small piece of paper...but someone did. Its part of being a collector at heart.

I hope everyone is still singing the same story when btc hits the big 1M but kudos to you ive always thought they look so dope and solid metal whats not to love seems so scary though

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April 27, 2019, 01:24:00 PM
 #27

I still don't understand why anyone would want any physical cryptocurrency other then for looks doesn't it kind of defeat the purpose? Also if btc mooned can't the makers of the coins just sweep all the addresses assumi g funds were left on the coins? I don't get it

    Its a passion and hobby my friend...we are collectors of this unique hobby and are the select few that recognize the importance and significance of physical bitcoin coins.

   And yes...we do place a hell of alot of faith in the makers. Yet when btc did moon to 20k..they remained intact.
 
    There are coin makers that did sweep or breached their coins...I wrote a thread dedicated to them here https://bitcointalk.org/index.php?topic=3315347.0

    Does paying for a stamp 9 million dollars make sense? Its only a small piece of paper...but someone did. Its part of being a collector at heart.

I hope everyone is still singing the same story when btc hits the big 1M but kudos to you ive always thought they look so dope and solid metal whats not to love seems so scary though

*if* bitcoin ever got that high, unfortunately you will probably see most coins peeled at that point.  We keep seeing cas coins getting peeled weekly at these prices, I can only imagine most will be peeled by that point, outside of the true collector...with plenty of side btc laying around Smiley




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April 27, 2019, 02:27:46 PM
Merited by krogothmanhattan (1)
 #28

Honestly I wing the term physical crypto around a lot and it includes any DIY coins as well.  I think we can sub label to people who know what the hell we are even talking about but to people that dont I just reference the coin/note/ etc as a physical crypto product if it is loaded/assembled but not loaded/ or it can be assembled by someone.

Yes not any piece of paper with a 1BTC on it would represent a physical crypto product but if someone asks me what one of my peeled cas coins are I simply say a physical crypto coin.  Right or wrong that's my terminology of them

The concept of "loading" or having the coin not "loaded" is a hard concept to draw for people who don't know anything about the basics of how to hold a digital Bitcoin/any other crypto.

It's a slippery slope to the conversation forcing you to explain the basic concepts to those people... however in your situation about the peeled Cas or any other coin that isn't "loaded" by a mechanism of tamper evident protection, I say those coins/notes/whatever are collectibles... when it comes to a loaded note coin/note/etc. it's a "physical" BTC/cyrpto coin,etc.


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April 27, 2019, 03:05:09 PM
 #29

Honestly I wing the term physical crypto around a lot and it includes any DIY coins as well.  I think we can sub label to people who know what the hell we are even talking about but to people that dont I just reference the coin/note/ etc as a physical crypto product if it is loaded/assembled but not loaded/ or it can be assembled by someone.

Yes not any piece of paper with a 1BTC on it would represent a physical crypto product but if someone asks me what one of my peeled cas coins are I simply say a physical crypto coin.  Right or wrong that's my terminology of them

The concept of "loading" or having the coin not "loaded" is a hard concept to draw for people who don't know anything about the basics of how to hold a digital Bitcoin/any other crypto.

It's a slippery slope to the conversation forcing you to explain the basic concepts to those people... however in your situation about the peeled Cas or any other coin that isn't "loaded" by a mechanism of tamper evident protection, I say those coins/notes/whatever are collectibles... when it comes to a loaded note coin/note/etc. it's a "physical" BTC/cyrpto coin,etc.

Point taken and makes sense, I just use the word physical crypto very loosely when talking about any bitcoin/altcoins collectable.




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April 27, 2019, 11:00:56 PM
 #30

I still don't understand why anyone would want any physical cryptocurrency other then for looks doesn't it kind of defeat the purpose? Also if btc mooned can't the makers of the coins just sweep all the addresses assumi g funds were left on the coins? I don't get it

    Its a passion and hobby my friend...we are collectors of this unique hobby and are the select few that recognize the importance and significance of physical bitcoin coins.

   And yes...we do place a hell of alot of faith in the makers. Yet when btc did moon to 20k..they remained intact.
 
    There are coin makers that did sweep or breached their coins...I wrote a thread dedicated to them here https://bitcointalk.org/index.php?topic=3315347.0

    Does paying for a stamp 9 million dollars make sense? Its only a small piece of paper...but someone did. Its part of being a collector at heart.

I hope everyone is still singing the same story when btc hits the big 1M but kudos to you ive always thought they look so dope and solid metal whats not to love seems so scary though

*if* bitcoin ever got that high, unfortunately you will probably see most coins peeled at that point.  We keep seeing cas coins getting peeled weekly at these prices, I can only imagine most will be peeled by that point, outside of the true collector...with plenty of side btc laying around Smiley
Oh dang really I didn't know so that would be pretty nice to have some untouched ones around if btc jumped to even crazier numbers

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April 27, 2019, 11:06:01 PM
 #31

Honestly I wing the term physical crypto around a lot and it includes any DIY coins as well.  I think we can sub label to people who know what the hell we are even talking about but to people that dont I just reference the coin/note/ etc as a physical crypto product if it is loaded/assembled but not loaded/ or it can be assembled by someone.

Yes not any piece of paper with a 1BTC on it would represent a physical crypto product but if someone asks me what one of my peeled cas coins are I simply say a physical crypto coin.  Right or wrong that's my terminology of them

The concept of "loading" or having the coin not "loaded" is a hard concept to draw for people who don't know anything about the basics of how to hold a digital Bitcoin/any other crypto.

It's a slippery slope to the conversation forcing you to explain the basic concepts to those people... however in your situation about the peeled Cas or any other coin that isn't "loaded" by a mechanism of tamper evident protection, I say those coins/notes/whatever are collectibles... when it comes to a loaded note coin/note/etc. it's a "physical" BTC/cyrpto coin,etc.
I think a peeled cas coin would def be a collectable and a "physical bitcoin" but im not sure id consider just a gold coin that never held any bitcoin a physical bitcoin but def a collectable and cool as well
* So basically I consider a physical bitcoin a coin that is holding or has or is capable of holding
bitcoin can be considered a physical bitcoin

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