Paper Bitcoin eth, ltc and others

[yazher]

This cannot be done because of the counterfeit. At our current time where only a few of us know the existence of Cryptocurrencies, only a few people will know how Paper bitcoin will work. Most of the people in the world don't even know what may those things are. they may tell you that you're paying with a receipt.

What I understand regarding the situation of Cryptocurrencies in our time is, they are not known yet to most of the people in the world. So what we need to do now is don't rush into something we don't have a plan especially with the Cryptocurrencies rather everything we do, are needed to be calculated at some point.

We still need a lot of work to do, in our country alone there are many people who are victims of the Ponzi scheme in the name of bitcoins. we need to educate these people at some point and another after that, we can proceed with the things that can improve the use of bitcoin.

[deisik]

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.

There is no cloud without a silver lining

If people prefer to spend fiat, say, the dollar instead of Bitcoin, it basically means that they value the latter higher than the former. And there should be a reason for this. So we can't actually say that Bitcoin is a horrible form of money per se. I agree that it sucks as a currency while fiat and more specifically, the dollar, shines in this department. But if we don't consider a currency aspect of money as the only one or the only important one, Bitcoin may not be that bad after all (for example, as a value transfer vehicle)

[teosanru]

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!

Doesn't that violates the whole basic idea of cryptos which was the fact that no one can create it or no one can control it. Moreover transferability too will be hampered with this. Think for example you have one person giving his paper btc to other how will the actual transfer over blockchain take place?? Even if you say that there would be some central authority holding all that in blockchain and issuing all paper currency against it then congratulations we are just back in fiat because even the fiat currency today started with this experiment when it was removed from pegging against the US dollar.

[deisik]

Doesn't that violates the whole basic idea of cryptos which was the fact that no one can create it or no one can control it. Moreover transferability too will be hampered with this. Think for example you have one person giving his paper btc to other how will the actual transfer over blockchain take place??

It is the same as transferring the ownership of private keys

The implication being that there is nothing wrong in this on its own. When you give somebody your private keys (and no, you don't necessarily need to know them yourself), quite expectedly nothing gets written to the blockchain. And in fact, it can be a good thing as far as anonymity is concerned. Or bad, depending on which side of the anonymity "fence" (or rather barrier) you are on

Even if you say that there would be some central authority holding all that in blockchain and issuing all paper currency against it then congratulations we are just back in fiat because even the fiat currency today started with this experiment when it was removed from pegging against the US dollar

You don't need a central authority for that. In other words, if these paper bitcoins are backed up by real ones, we will be back to a form of gold standard (let's call it Bitcoin standard)

[Wa Da Fak]

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

The answer is NO.

Cryptocurrencies are by nature and definition digital and decentralized currencies. Turning it into paper cash would make it's purpose useless and require someone or some body to oversee the printing or generation of this currency, and that, is where greed and corruption could stem from. This is exactly what crypto is trying to combat in the first place.

Well it can be a good idea too since bitcoin becoming popularized and becoming more and more than we expected well sooner or later it will turn into a real life fiat or the paper money, which in that case will be a good idea for some, and the bitcoin we know will now be a noticable instead of anonymously.

[pinggoki]

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!

It should better if cyptocurrency stays in online for online transaction like trading, investment and more. And leave the paper currency or basically the fiat in physical for daily transaction. Cryptocurrency is decentralize if it does printed in a paper then it wont be classify as decentralized because it will be manipulated by government. Transaction will never be anonymous and it will now able to track down.

[Yatsan]

I picture of it as a paper with encryption or has the ready to transfer cryptocurrency ( I don't know if we already have that ) but there is a huge problem how would the government allow this kind of transaction? We kind of like tax evading. And who will be the regulator of this if we still want it untouch by taxation?  Who are we going to call if we got scammed? NONE. If this will going happen ( very vague ) this won't be cryptocurrency anymore as we already using it physically.

[Pab]

No it is utopia.How it can be done who will manage all that paper money
Cryptocurrencies are digital money and will stay like a digital money
Main idea of cryptocurrencies is decentralization .How to imagine decentralization with paper money

[beerlover]

This cannot be done because of the counterfeit. At our current time where only a few of us know the existence of Cryptocurrencies, only a few people will know how Paper bitcoin will work. Most of the people in the world don't even know what may those things are. they may tell you that you're paying with a receipt.

I think counterfeit is the last of bitcoin papers worries. We are talking about a paper that could not be replicated as something filled with crypto, you can print any paper you want make it look as legit as you want but a person could just type in that key and see its empty, this is not something you just take and say thank you and leave.

This is something you check each time and you could do a QR code paper or key phrase paper or whatever you want but in the end whoever you end up giving the paper would be able to check if there is any money in it by a simple search on blockchain. Considering there would be waiting times and useless checking process and acceptance, digital is much much better so even when not a counterfeit it takes way too long to accept paper crypto.

[Oceat]

I picture of it as a paper with encryption or has the ready to transfer cryptocurrency ( I don't know if we already have that ) but there is a huge problem how would the government allow this kind of transaction? We kind of like tax evading. And who will be the regulator of this if we still want it untouch by taxation?  Who are we going to call if we got scammed? NONE. If this will going happen ( very vague ) this won't be cryptocurrency anymore as we already using it physically.

May it paper with encryption or not, the point is that someone already knows the private key of it when someone could produce it physically. That's why it's better that cryptocurrency should stay as a digital money and also sending cryptocurrency around the globe is much better than sending money using fiat.

[darkangel11]

Paper money is the old way and it should be left behind.

• It's inconvenient to carry
• easy to counterfeit
• easy to lose
• easy to steal
• burns and gets damaged
• you have to count it manually which makes big transactions bothersome

I don't see any benefits of having crypto in paper form. Physical coins are a nice collectible and that's all. Nobody uses them to pay for things. You can probably use them as collateral and that's it.

[maman567]

We need upgrade system with bitcoin and altcoin become accept in any shop with many country, need paper for bitcoin or other altcoin is very good to make bitcoin most easy to use as transaction.

[Sithara007]

Nope.

A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.

Agreed with this 100%.

Once you convert cryptocurrency from digital form to physical form, many of its advantages will be lost. For example, it becomes easier to counterfeit physical coins and banknotes. In the past, a lot of people have tried to convert crypto from digital to physical form, starting with the Casascius coins in 2013. But they were not very successful. Mike Caldwell was the one who created the Casascius coins, before a directive from the Financial Crimes Enforcement Network (FinCEN) forced him to shut down the business.

The method used for creating the Casascius coins were simple. A piece of paper with the private key is embedded inside the coin, covered by a tamper-proof hologram. In order to redeem the Bitcoin value, the hologram needs to be broken, and therefore the user can be assured of the value of the hologram was not damaged. Caldwell claimed that it is 100% impossible to redeem the BTC, unless the hologram is peeled off. He had even included an anti-tampering measure on the holograms.

But here, the user is trusting Caldwell, and hoping that he will not try to redeem the coins sometime later.

[ene1980]

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.

Consider the amount of risk involved when you are carrying the private key of your bitcoin wallet in papers, the solution is to hold a certain amount as tokens and a centralized authorities can print paper currency with bitcoin as a back up valuation and put into circulation but whether any government will allow those is another question.
The closest thing we can have is a prepaid crypto debit card and it is available now.

[redsun114]

It is a very bad idea because every government is thinking of how they can eliminate paper fiat, and this is why they are doing everything possible to promote cashless policy and with the Rotten that we have in fiat is why cryptocurrency was created, having a paper cryptocurrency will still eventually take us back to that old fiat system of using paper and you know that anything that has to do with physical  paper will not rely on technology alone which the use of Bitcoin is meant to be digitally base.

I personally don't see any much sense in making a paper cryptocurrency, instead of that, better we leave the fiat for those who would not be able to use cryptocurrency, while we that can use cryptocurrency stick with its digital usage.

[Mumbeeptind1963]

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 agree with this, if we will be having a paper money,companies will need our details and information, also the anonymity of having a cryptocurrency will be exposed, government will also regulate the printing of papers, they can also know and track the every single distribution of this paper money. In terms of accepting in any shops, some of the shops are accepting cryptocurrency now, you need to scan their qr code and that's it, it can also prone to hoarding when we will create paper crypto.

[deisik]

Nope.

A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.

Agreed with this 100%.

Once you convert cryptocurrency from digital form to physical form, many of its advantages will be lost. For example, it becomes easier to counterfeit physical coins and banknotes. In the past, a lot of people have tried to convert crypto from digital to physical form, starting with the Casascius coins in 2013. But they were not very successful

Honestly, I'm not very well familiar with the current state of affairs in this department

And while the Casascius coins may have fallen flat on their face, heads or tails (I don't really know but let's trust you on this), OpenDime devices seem to be quite useful if you want to transfer large amounts of coins instantly as well as anonymously, without leaving any trace on the blockchain

Yeah, I understand that these USB sticks (what they essentially are) don't look quite like paper bitcoins or actual coins, but technically, they are physical bitcoins as they can be used as such. As they say (actually, Shakespeare says, so no plagiarism intended), what’s in a name?

[crzy]

I wont support this suggestion because paper money is a big scam and a big syndicate can easily create paper money to scam people. We have to stay online for a faster and safer transactions and that is only possible on a blockchain technology and that is because of bitcoin. If there's a paper money then I'd rather use the fiat money with a lower value, less risk at all.

[Mumbeeptind1963]

The idea of cryptocurrency is to be a digital type of currency and I don't think that it will be a good idea to make a physical representation of the cryptocurrency because the convenience will be gone because it is more convenience to do transactions in the cloud because you don't need to bring a chunk of paper or coins in your pocket to pay your thing because you just need to pull out your phone, get the address then send the payment securely.

I agree with this, every paper money has a unique code it can have a serial numbers with letters , if there will be paper crypto, government may be easily regulates it, and our freedom that we can do with bitcoin will be gone. we will be having a tax also, because government will be the in charge of this procedure, expect so many new rules and protocols that will be created, so Its a NO for me.

[Eclipse26]

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!

Having paper cryptoccurency feels like going against on its nature. It was made to be digital. Also it would be hard to monitor its price. Imagine having a physical crypto to buy things just how you buy things with fiat, but time to time it's changing its value so you also have to monitor it every time. And besides, it will still be hard to find shops that would accept it...

Though I don't say that cash is devil, but it's still the best for crypto to remain digital as what it is in the very first place.