Will Bitcoin ever Become Physical coin ?

[EmmaLory]

Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance  physical coin manufactured ?

[1713966509]

1713966509

[1713966509]

1713966509

[joniboini]

You can already find a bitcoin 'coin' that contains some satoshis with its private key printed on it. Of course, it's not safe to be used for storing a large amount of money, but it's cool and fun.

[Wexnident]

For official business purposes? I doubt so. It being a virtual currency helps a lot in terms of efficiency and really makes it easier in terms of storage, transactions and the like. It could be used as a type of wallet though like a single coin like wallet holds this amount of satoshi and such but I doubt it would be mass-produced. It'll most probably be used for events such as prizes, souvenirs and the like though. Also, OP should probably post this in Bitcoin discussion instead? I don't think this fits into the category of Beginners & help.

[yazher]

There are some Bitcoins stored on Paper Wallet as well, You can use it to give to others as a gift card. Of course, you need to give it to someone who already knows how to use it. As for the physical coin itself, there are some of it at the Amazon but they already removed it for a possible scammed attempt of some abusive sellers. I don't think it would be necessary to create one physical bitcoin coin because the idea behind using bitcoin is to promote the use of digital money.

[mk4]

If you mean a physical coin that could be use the same way we can use physical cash almost trustlessly, most likely not. For this to happen, a centralized authority would need to do the manufacturing of the physical "coins".

If you're really that interested though, the best we have right now is a paper wallet or an Opendime[1]. It's probably just a good idea to swipe the funds at the moment you receive them.

[1] https://opendime.com/

[BigBoom3599]

That defeats the whole purpose. You may as well just use cash then. Or if you don't want to use fiat, you could use some form of gold or other rare metal.

It also wouldn't be as easy as passing around a private key, because you have no way of knowing the previous owner didn't make a copy of it and spends it even when he passed on its physical copy.
There's just so many better, easier and cheaper alternatives for physical money than bitcoin. It doesn't really make sense to use it for that.

[bassbity]

I don't think it's possible to be a physical coin, because cryptocurrency is for the digital eye so there is no physical form, blockchain is a technology for the future so I think in the future all transactions use digital, if bitcoin becomes physical money what about the fate of Fiat cash and others I could not understand it.

[UserU]

There's no official legal tender since the founder is anonymous, so nah. Else we'll be seeing a shitton of fake BTC coins.

[ioanbtc]

No the creator of bitcoin not had the idea to create a phisical coin, he create it and he think this will be a new payment method and people will use it more instead of cash system, and i hope to really happen.

[hugeblack]

Short Answer: Yes. But why we need it?
Why do we need a physical currency as long as all transactions must be conducted digitally?
Such an adjustment would be at the end of the currency and therefore would only constitute a further burden in its circulation.

You can think of it as digital gifts. If you want a gift of paper, metal or other, the value in the validity of the code and not the type of physical material from which the currency.

[The Cryptovator]

Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance  physical coin manufactured ?

If you are expecting physical coin for bitcoin then what will be different with traditional payment system? There is physical bitcoin but it's just parabole, not for real uses. If bitcoin create for real use then its will be centralized and bitcoin itself is decentralized. So can't be use real bitcoin in future. The creator of bitcoin is still anonymous, then who will issue real bitcoin. Its impossible in my opinion. Also there is limited supply, when it will manufacture in real life then anyone should print it unlimited, perhaps people will create fake bitcoin and we might so many problems about real bitcoin. I strongly believe it will never happen and it wasn't goal of bitcoin.

[creepyjas]

There are physical coins being held by some people. There are private keys engraved on it but it’s not an official currency nor the coin has its value. It just like a piece of paper where you put your private key with a small amount of satoshis in it. Can be used as souvenir though.

[odolvlobo]

Here is a picture of one of the Casascius coins that people have mentioned:


They can be traded in the collectibles forum: Economy > Marketplace > Goods > Collectibles

[Coin_trader]

Bitcoin is digital currency and if ever it will convert into physical coin not the physical coin we all know since that is BTC wallet. Then it will kill the decentralisation of BTC since BTC transaction will not be listed on blockchain because people will buy and sell using the physical coin itself. And also miners will have less profit on mining fee.

Most importantly we are already upgraded to digital which is fast and reliable. So why we will go back again to physical payment?

[samputin]

Short Answer: Yes. But why we need it?
Why do we need a physical currency as long as all transactions must be conducted digitally?
Such an adjustment would be at the end of the currency and therefore would only constitute a further burden in its circulation.

I'm thinking the same thing too. I mean, Bitcoin was made to be a digital currency. It's meant to be anonymous and without having the need of a third party.

If it is to have a physical coin, I'm afraid that the essence of anonymity and decentralization might be lost, don't you think?

[hatshepsut93]

If we talk about usable physical Bitcoin, this means that paper wallets and collectible coins are out of the question, as they don't provide any security. So, there's 2 choices left - either use some small tamper-resistant devices like Opendime, or have a centralized company that issues Bitcoin backed notes. The first option is more decentralized, but it's not suitable for smaller transactions and there's always the risk that someone will learn how to tamper with the device in order to cheat. The second option is very centralized, and there may be even risks of them running fractional reserve.

[mersal]

Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance  physical coin manufactured ?

Already forum members given in what ways a physical bitcoin could be made.

But Why do you think we are in need of a physical coin in this modern world,bitcoin coin was created for security purpose so its not for the physical transactions.

[Kprawn]

The problem with physical coins or also called Casascius coins is the fact that minting your own currency is illegal in most countries. Governments

are the only entity that are allowed to print or mint physical currencies. The other problem is that something like this goes directly against what

Bitcoin stands for. No central entity should have control over the creation of the currency, because that entity can manipulate the supply and it

will influence the value of the coins that were already created in the past. Bitcoin's value is purely based on Supply & Demand and the supply is

not determined by a single entity.

[AlmazWin]

Physical as itself not will become, here regulate very serious organizations

[Mahanton]

Cryptocurrency Become Really Big, Bitcoin is king of crypto world. in Future any chance  physical coin manufactured ?

Possible but fully contrary on why bitcoin being created.Its a digital currency and making it as a physical coin isnt really that something should really be think of.

We have seen some physical coins with had some embedded amounts of btc on it.Yes its a cool idea but it would just remain to be like that and going further isnt
really that something that can be implied globally.