Paper Bitcoin eth, ltc and others

[tenakha]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?


Like we have fiat currency digitally we also can have Fiat Currrency as paper.

I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!


Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.



So nothing wrong with cash cash is not a devil!

I do not think it would be useful. For this to be valid, there must be a private key on the paper (maybe another system that can replace it, but it is not worth the effort for something small) and also it will be too risky. Stealing money will be very easy. Also, imagine that you buy something from the store and the price is 0.03561 BTC , how will seller give you the remaining money when you give 1 BTC.

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[magneto]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?


Like we have fiat currency digitally we also can have Fiat Currrency as paper.

I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!


Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.



So nothing wrong with cash cash is not a devil!

What is the point of regressing back to a centralised system that requires trust, when you have blockchain which is supposed to circumvent these problems in the first place? Seems a bit counterintuitive to me, at least.

Someone has to be issuing these paper currencies, and despite the ledgers that cryptos operating on being decentralised, there will be a factor of centralisation of power as a result. You'd essentially have to trust that the private key written within the paper can actually access the funds in the address.

It's not worth it. Nor should it be done.

[AniviaBtc]

Tangible/Physical cryptocurrency isn't not that necessary. It is very dangerous and not secured enough. Cryptocurrency has its private transaction and maintaining quality trading. It should be always digital for its purpose will become ineffective anymore. We should stick at using digital crypto to ensure our security.

Technology is evolving very fast and we don't need to go back on the old days where we only use tangible currency just to pay for food, clothes, shelter and etc. We need to use technology wisely because we're now a digital society.

[Willitivity]

Cryptocurrency was created to be a digital based currency and means payment away from the traditional fiat system. Creating a paper Bitcoin or other cryptos will just idea and nature of cryptocurrencies in the first place.
Printing Bitcoin in paper won't provide a means for the total supply not to be exceeded and at same time make it cease to become bictoin but just another fiat currency out there.

[Dread Pirate Roberts]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.

Cryptocurrency paper? if you mean paper wallet we already have it and many people already use it to store their wallet as their freeze wallet. but if what you mean is crypto based on paper coins with real goods I think it's quite strange and can be controversial. because it could be considered to rival the flat. except that it was made by the government. and for what ? whats the difference with flat ?

[Hydrogen]

The goal of a well designed economy, is to allow consumers to make transactions as efficiently, safely and conveniently as possible. And to expand the number of options consumers have, making it easier for them to create value, start businesses, save, travel, etc.

Paper money has advantages over digital money in that regard. Consumers do not need phones, merchant support or bank accounts to utilize cash. Paper money being an entry level, barebones, method of transaction opens certain doors and empowers business & consumers in ways that we sometimes take for granted. We've witnessed this in nations like india banning paper money, with severe negative effects on consumers and their economy.

I would 100% love if a form of paper based deflationary crypto were devised. It wouldn't necessarily have to be a serious big time venture. It could yield value even as a small social experiment, in terms of being an educational tool, while challenging traditional views and ideas people have about money.

Of course, printing your own paper currency or minting your own coins is illegal in practically every nation on earth. Governments hold monopolies over those markets and deter competition.

There could be loopholes around those restrictions. Rather than a direct paper currency, it might be possible to print a paper voucher which can be electronically exchanged for crypto. Vouchers may then be exchanged to make transactions. There may not be laws against that! Although I can't say its something I've put time or energy into researching.

[samcrypto]

Then it will become a scam money too in the future because the government will start controlling cryptocurrency and we will go back to the old system. Having a cryptocurrency online is the best for us, its convenient and very high in value and a super fast transactions compare to fiat money.

[InvoKing]

Then it will become a scam money too in the future because the government will start controlling cryptocurrency and we will go back to the old system.

It will not be a scam since the shop owner has to verify if the papers contains money and has to transfer it immediately to avoid being scammed by the customer who already has the private keys and so on for everyone having this paper before!
Governments cannot still control it since they have to acquire bitcoin first which is different than just printing money..
Anyway, i don't see any point in the future for the usage of papers whether in education, administrations, currencies...

[SummerBliss]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.

So nothing wrong with cash cash is not a devil!

I think you misunderstood the operation of cryptocurrency. It doesn't work like digital fiat currency, it works on the concept of Proof Of Work (PoW). Whenever you make cryptocurrency transaction, it is broadcasted on blockchain and verified by the miners. So even if we create physical copy of cryptocurrency, only way to transfer it to others is transferring the whole ownership with private keys. It is not possible to transfer part of your cryptocurrency without rooting it through blockchain. So it is not feasible.

[hahahafr]

That would disrupt the whole concept of cryptocurrencies mate and it would even worsen the situations in the financial industry mate. It's best if we stick with the digital form of cryptocurrencies as pioneered by Satoshi Nakamoto.

[1Referee]

Of course, printing your own paper currency or minting your own coins is illegal in practically every nation on earth. Governments hold monopolies over those markets and deter competition.

It technically is already happening. I'm not sure if you follow the collectibles section on this forum, but there have been various initiatives in form of people issuing their own physical coin or paper'ish wallet, either directly loaded or they can be loaded by the buyer. They're used as currency too without anything even moving on-chain, which means that this form of money is fungible too.

In the end, it does depend on trust because the issuer of these physical means *could* have a copy of the keypairs or used an unsecure system to generate them, but it works. We have that evidence. Currently it's still a niche market, but it wouldn't surprise me if we get to see an attempt to get these to go mainstream eventually. The best thing of all, nothing the government can do about it.

[lionheart78]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?


Like we have fiat currency digitally we also can have Fiat Currrency as paper.

I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!


Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.



So nothing wrong with cash cash is not a devil!

If we implement this, we should just stick to the current system.  Why spend billions of dollars just to do the same thing?  Besides it is not worth doing given the risk stated by gentlemand.  If the monetary system needs to advance, then just advance and leave the obsolete way behind.  That way, we can avoid confusions and contradictions.

[NathanJB]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?


Like we have fiat currency digitally we also can have Fiat Currrency as paper.

I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!


Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.



So nothing wrong with cash cash is not a devil!

If we implement this, we should just stick to the current system.  Why spend billions of dollars just to do the same thing?  Besides it is not worth doing given the risk stated by gentlemand.  If the monetary system needs to advance, then just advance and leave the obsolete way behind.  That way, we can avoid confusions and contradictions.

As I have mentioned previously, we are getting digital. Even the fiat system has slowly stepped out of the old way of doing transactions using paper bills and metal coins. If the current system which is basically an old system is aware that the digital or online version is the way to go, how much more to cryptocurrency which is, by design, a digital or electronic money or cash.

Furthermore, paper bills and metal coins are prone to faking and other shady processes. Bills and coins are faked, others are not faked but printed or minted without sound basis. This we cannot do with Bitcoin for example. Everything is transparent and can be scrutinized online.

[el kaka22]

Paper money was printed back in the day because there was no other method, when first paper money came out (compared to coins) there was no internet, there was no computers, which means they were forced to do it, there was probably a lot of counterfeit as well because even the technology to print unique papers were not around just yet.

Now, we have all the technology and all the improvements upon that and we should go back to paper? Not a chance, paper bitcoin or any paper crypto sounds silly, you have your mobile phones, you have your internet connections almost anywhere in the world and you have all the good things you can have as innovations, we should just send each other money via with couple clicks without worrying about carrying stashes of money with us.

[deisik]

Nope

I would say opinions vary

There was a startup a few years ago which came up with an idea of paper bitcoins called BitNotes. What's become of them? Regardless, this question had been extensively discussed a few years ago, and personally, I don't find this idea as disgusting as many others come to think of it, at least as long as these paper bitcoins are "provably fair", i.e. you can always check whether a particular paper bitcoin is actually backed up by anything on the blockchain (and in the same amount). I think it is technically possible to lock these "real" bitcoins until the paper tokens representing them are destroyed or otherwise redeemed

[Irvinn]

I really agree with those guys who express their opinion that cryptocurrency in paper form sounds very stupid.  I believe that the author, who could even suggest such a thing, just wanted to make a joke.  In any case, each of us must realize that the initial task of digital money is to offer users the possibility of cashless payments.  This is practically one of the most important tasks.  I am sure that paper money will go down in history together with the current generation of people, because only the new generation will be able to use cryptocurrency in full.

[Pinkris128]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?


Like we have fiat currency digitally we also can have Fiat Currrency as paper.

I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!


Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.



So nothing wrong with cash cash is not a devil!

There are many people saying and suggesting that we should have crypyocurrency in paper. Are we really sure that some country would have like this kind of thing? what if there would be future problems in terms of transaction? I think bitcoin is created for us to have a cashless payment and cashless transaction but we would like some having in touch with our transaction. Before we have this kind of cryptocurrency lets have a knowledge of what we are doing to have safe and good future.

[DaftAjax]

Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!

No, it doesn't. Cryptocurrency must be a digital currency. If it will ever exist (which it will not), then what's the difference from fiat currency?
What I think is a good idea is to co-exist with fiat. Let them both exist, a medium that can be used physically and digitally. Although this also perceives many problems, because the majority of people will lean on digital currency, the problem what most of us probably experiencing is its instantaneous accessibility. And fiats, for now, fulfill that.

Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!

Is this supposed to be a Bible reference?

[imstillthebest]

There are many people saying and suggesting that we should have crypyocurrency in paper

thats only an evidence that majority are not contented with cryptos being online alone but they wanted to see and feel thier cryptos physically on the offline world not just that but it also brings other benefits like instant transaction and no fees  . this will be really helpful on the countries that are not develop or dont have internet  .  i will definetly support this function  . look at fiats  , they have physical form but they also have the ability to function online  .

it would be unfair if cryptos dont work in a dual purpose.

[BitHodler]

Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!

Is this supposed to be a Bible reference?

He nails it though. I wouldn't see fiat being a problem at all if the monetary system wasn't as toxic due to rogue governments. In other words, the tool isn't the problem, just the one issuing it irresponsibly.

Fiat is the most convenient and efficient form of money. Bitcoin and other crypto currencies are nothing but a wet dream of people to replace fiat in the future. Right now they are horrible forms of money, and that is almost every aspect.

Another thing is that people don't want to spend something that appreciates in value, which applies to Bitcoin and gold. Fiat on the other hand is something we are incentivized to spend due to inflation.