Paper Bitcoin eth, ltc and others

[beej]

I think it's simply a bad and discouraging idea. Having Bitcoins and other altcoins
into paper is going to make crypto look worthless and depreciate their value at
some point. It's going to be a classy disaster, it's gonna render cryptocurrency as
an unnecessary investment and it's gonna become a kind of ruination masterpiece.
It's better at it's current form as it is. Decentralized and still preserving the integrity
with it's reluctant anonymity.

[Shinpako09]

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!

Definitely not a good idea. Crypto was made and meant for online purposes. So why the hell you will make a paper crypto currency? For what? We already have fiat which is more convenient to use physically, while crypto is more convenient to use online. You're just destroying on what crypto should only be. Also, that will take too long to be accepted. Look at the current state of crypto in our society , there are still a lot who isn't favor or wanted crypto to be there.

[lab rat hoax]

I think bitcoin is important because of not printed and can not traced. Also bitcoin tranfer fee is lower and faster than money. İn the following years, governments will keep up with this technology and they use their own digital money. Paper Money will not be used. Bitcoin is valuable because of these things.

[Genemind]

We will only lose the real essence of cryptocurrency. It will only turn out to be physical money if that happens.
What makes cryptocurrency unique is its security where we will only be able to access it on our own. Online transactions using cryptocurrency is actually convenient enough rather than using physical cryptocurrency. I would still prefer it to stay as digital money.

[fullhdpixel]

Also, at what point a person would want a paper currency over a digital one if they can use both? Imagine a world where your phone is your wallet and you are capable of paying anything with your phone (QR Codes made this possible but it is still not common) and you have paper currency as well and also cards you can pay. Which one would you prefer?

Even right now most of the transactions are via cards instead of paper in fiat currency and you are talking about a digital currency in itself, so when people are not even using fiat which is in default a paper money in paper form why would they use a digital one by printing their own? It is just not making any sense in preference.

If you asked if people should have bitcoin debit cards that would have been a good question but paper makes no sense.

[Ucy]

I think "paper cryptos" will do great if there are easy ways to use them. You have to make them look like real money so that people will find them attractive.
In my opinion, people will accept such paper currencies if they see others around them accepting them. So, to make this work quickly you could create a small crypto community (or communities) within a city or town or rural area. A community funded by online Crypto community but trades amongst themselves with the paper cryptocurrencies.

The physical Crypto communities have to operate ideologically, just like their online counterpart in order to survive the authorities.

[exstasie]

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.

Sounds just like gold certificates. It could only be done through a trusted third party.

I'm seeing the emergence of bearer instrument-like devices, the most prominent of which is the Opendime. You can plug it in to verify the balance and pass it around like cash. If the seal is intact, the private key isn't compromised.

Given the cost and risk of hardware failure, I'm not sure how tenable they are at scale. Pretty cool though! Especially because these are truly cash-like transactions. Physical, no paper trail, no movement on the blockchain.

[redsun114]

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.

Governments are even running away from these chunk of papers, because printing bitcoin in a paper will not be different from the way money is being printed and we know the issue that the printing of money has actually generated for most government, if it was possible for governments of every country not to print money, I am sure they would have halted it instantly.

Rather than halting it instantly, they are gradually encouraging the cashless society which in advanced countries, they are gradually eliminating the use of paper currency which many of their citizens are getting adjusted to, so it would just be like sending us back to what we are trying to eliminate, like you said, the idea of crypto is to be based on internet and I think it is best we leave it that way.

[meliodas]

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.

Governments are even running away from these chunk of papers, because printing bitcoin in a paper will not be different from the way money is being printed and we know the issue that the printing of money has actually generated for most government, if it was possible for governments of every country not to print money, I am sure they would have halted it instantly.

Rather than halting it instantly, they are gradually encouraging the cashless society which in advanced countries, they are gradually eliminating the use of paper currency which many of their citizens are getting adjusted to, so it would just be like sending us back to what we are trying to eliminate, like you said, the idea of crypto is to be based on internet and I think it is best we leave it that way.

I totally agree, we are now in the era of being all digital and we should not get back on having a paper of money or even paper of cryptocurrencies. It is always better for us and for the society in overall to have an advancement in currency in terms of adapting to the influence of cryptocurrency and establish a payment system through the power of internet and blockchain only and not those printing mechanism.

[DaftAjax]

1) 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.

2) 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.

3) 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.

1) It can't be helped (for now). People that utilize a form of money, naming Fiats, that can be manipulated by these so-called rogue governements(?) even if it's really convenient for citizens will have to accept these kinds of acts. Talk about politics, ugh. The government isn't transparent about this at all.

2) I agree. But the thing is, it's also the same very reason why people such as rogue governments, take advantage and use it for their own benefits. As for Cryptocurrency, you have this "freedom", you can use it however much you like.

3) I get that but why do you even invest in it if you will not spend it, per se.

[blckhawk]

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!

Making digital currency to paper is just a waste of resources and will be completely non-sense. To start off, the price of bitcoin is volatile and it would be inefficient if the price that you hold in your bills fluctuates. It would be more of a burden than advantage to both traders, merchants and consumers. Second idea is that digital currencies are supposed to be transacted through digital means. Making fiat out of these makes it the same as the government controlled currency to avoid too much price action with monetary policies.

[DBronze98]

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!

Bitcoin does not have a central bank or legal organization to even define it as a "fiat".
that definition of fiat is a currency legally recognized as a legal common currency and bitcoin is not. So this idea will be eliminated.

[ecnalubma]

Another paper money, really? Not possible and it don't make sense at all. Cryptocurrencies are not created to work like that, were going digital nowadays and soon we will get rid of paper money maybe few decades from now. Paper money is old school we need to upgrade but not to downgrade. 

[Polo7]

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.

Sounds just like gold certificates. It could only be done through a trusted third party.

I'm seeing the emergence of bearer instrument-like devices, the most prominent of which is the Opendime. You can plug it in to verify the balance and pass it around like cash. If the seal is intact, the private key isn't compromised.

Given the cost and risk of hardware failure, I'm not sure how tenable they are at scale. Pretty cool though! Especially because these are truly cash-like transactions. Physical, no paper trail, no movement on the blockchain.

Third party is trusted, why we give our trust to government?  Coz they serve us they organize and gather!
Trust??  Its better long time income then just one thing!  Government serve and gather us but why they need to cheat or scam us?  If they get money just to be as middleman and collecting taxes.

Same goes for everything! 
Trust is always there coz third party making profit out of your sweat and Laobour!

If the third party will scam you then they lose you and If they lose you they lose their income!!

[Polo7]

I do support idea of Paper cryptocurency!
Its good and will give even better to cryptocurency!
And its hacking proof!

[ashmodeus]

I do support idea of Paper cryptocurency!
Its good and will give even better to cryptocurency!
And its hacking proof!

u must be crazy enough to have that idea. listen, bitcoin is a eletronic cash system.you should be able to define it just from logo.
bitcoin or another alcoins doesn't need third party such as paper like real money, because all of cryptocurrency doesn't real, but have the real effect. paper wallet is enough, but no on currency itself.
its simple right ?

[clickerz]

I do support idea of Paper cryptocurency!
Its good and will give even better to cryptocurency!
And its hacking proof!

u must be crazy enough to have that idea. listen, bitcoin is a eletronic cash system.you should be able to define it just from logo.
bitcoin or another alcoins doesn't need third party such as paper like real money, because all of cryptocurrency doesn't real, but have the real effect. paper wallet is enough, but no on currency itself.
its simple right ?

Maybe he meant a paper wallet here. I cant imagine if he meant a fiat with cryptocurrency value seems redundant already. If he wants a crypto, then he should convert his fiat to either bitcoin , ethereum, litecoin etc., or others that's simple. He complicates more with his idea, and its unnecessary.

[darewaller]

I do support idea of Paper cryptocurency!
Its good and will give even better to cryptocurency!
And its hacking proof!

u must be crazy enough to have that idea. listen, bitcoin is a eletronic cash system.you should be able to define it just from logo.
bitcoin or another alcoins doesn't need third party such as paper like real money, because all of cryptocurrency doesn't real, but have the real effect. paper wallet is enough, but no on currency itself.
its simple right ?

Maybe he meant a paper wallet here. I cant imagine if he meant a fiat with cryptocurrency value seems redundant already. If he wants a crypto, then he should convert his fiat to either bitcoin , ethereum, litecoin etc., or others that's simple. He complicates more with his idea, and its unnecessary.

Looking at his statement carefully, he really meant that bitcoin and other currencies should be turned to paper currency, and I am wondering if he really understand the whole concept of bitcoin and how we are trying everything possible to really eliminate the fiat system that has created a hard currency which people are using to destroy themselves now and the government are getting much  more corrupted because of the access to print money any how without limit which destroys the economy of a country.

The government themselves knows how bad a paper currency is, and like one of the mates said in this post that some countries are even trying all their possible best to eliminate it by creating some policies that will favor a cashless society more.

[Ranly123]

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!

Paper cryptocurrency? Digital should remain digital to avoid manipulation from the government. We already have Fiat currency, so what's the point of having crypto to have paper version.

[deisik]

Paper cryptocurrency? Digital should remain digital to avoid manipulation from the government. We already have Fiat currency, so what's the point of having crypto to have paper version

Oh, in fact there are many points

Paper bitcoins (or whatever) would allow physical exchange without anything going to the blockchain itself, ever. That would likely lead to higher awareness of common people about crypto and its advantages (you would be able to buy beer with it), thus promoting greater popularity of cryptocurrencies. From this perspective, it is a good thing

The problem arises when someone decides to create more paper bitcoins than there are real ones. But this issue can be dealt with if every paper bitcoin in existence means its digital version locked on the blockchain, the implication being that you can then spend only this paper bitcoins and can't create a transaction with their digital counterpart