Will Bitcoin ever Become Physical coin ?

[qwertyup23]

I doubt it. The whole idea behind cryptocurrencies for being digital is for the sake of convenience and regulation on the internet through the blockchain technology. In addition, there should be a country representing the value of bitcoin as being a physical coin means dealing with transactions all over the world. If some countries do not recognize it as a legitimate currency, it would only create future problems especially on its transactions.

Actually there are already bitcoin coins circulating though there are minimal like casascius coin that have value same or more than BTC currently prize. But if having bitcoin coin like our fiat coins is not needed as it will not perform it's purpose of being decentralised, so it's better to have btc in our wallets than actual coins.

Well those coins are purely collectibles and do not hold any value at all (except for its price on the market) as it does not represent bitcoin completely.

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[Pmalek]

As a collectible coin or a memorabilia yes, why not. But if you expect to carry bitcoins in your pocket and pay with them like you do with fiat currencies it wont happen. It is digital money, you don't need to touch it or physically carry it with you. All the protection is in the private keys that let you spend it. 

[noormcs5]

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

Why do you need a physical coin when the whole purpose of the cryto currencies is digital ?
If you still like the physical coins better find a coin of your choice from the fiat market as there are many different coins available. Let the bitcoin be the way it is.

[coolcoinz]

I see no point in this besides it being a collectible. Physical Bitcoins are fetching high prices, especially if they belong to a limited edition that is no longer produced.
It's difficult to confirm the coin is real right away. It may work for fiat currencies because fiat coins are usually of low value. It wouldn't be worth it for someone to make a 2 EUR coin because the metal needed for that process is worth almost 1 EUR by itself. It's different with Bitcoin. It would be very profitable for people to try to counterfeit a coin worth 5k EUR, or something of that sort.

Who would make these coins? Who would pay premium for them to make it worthwhile for the manufacturer? Would you?

[Wysi]

As a collectible coin or a memorabilia yes, why not. But if you expect to carry bitcoins in your pocket and pay with them like you do with fiat currencies it wont happen. It is digital money, you don't need to touch it or physically carry it with you. All the protection is in the private keys that let you spend it. 

Yes there is no need of having a physical coin as this goes against the concept of bitcoin creation but as you have rightly mentioned it can be just created as a collectibles just like medals, trophies but cannot be used for real life transaction as it will make go against the government and their will be legal consequences as well.

[evgenia_volkova]

Did not like the concept at all. If BTC becomes a physical currency then what about the decentralised and anonymous properties

[bL4nkcode]

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

Physical coin manufactured by means as collectibles(there are lots of them already), bitcoin doesn't have a central bank that mint a coin from a machine/

[o48o]

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

Not in the way as in fiat cash that represents value, bitcoin doesn't need that because it is valuable itself, it doesn't represent it.
And they are trying to get rid of fiat cash as well. Not because counterfeit bills but because they want to track the owners of cash.

But as people have pointed out, there are physical coins as in gifts containing the private key, so you can either store them or empty them. I am guessing that many physical coins has been emptied by now.

[khaled0111]

Bitcoin is created to get rid of physical coins (FIAT) so why do we have to go back to using physical coins.
If we are going to exchange bitcoins manually, how transactions are going to be recorded on the blockchain?

Some physical coins have been minted but they are used mainly to store bitcoins for long time not to exchange them.

[Dabs]

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/

I like this one the best, I'm waiting for an update to when it uses segwit addresses.

[Rmcdermott927]

It already is in the form of casascius and others that followed but that is more art than a real use scenario.  More than likely, bitcoin will be used like apple pay soon, you load your phone with btc, then tap at the register and have it converted to fiat.

[smyslov]

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

Something like a fiat? I don't think so, all transactions are recorded in the blockchain, you cannot use it manually to buy something in a store it will have to be recorded, I don't think if in the future an innovative mind will try to solve this issue, but you always need a private key to manage a transactions, where to send and manage the fees, well who knows maybe something like this could happen.

[agentx44]

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

I don't think so. Bitcoin is meant to be transacted peer to peer according to Satoshi and it will not be effective if it's going to be in physical form, it will be more useful if it is going to stay as a digital coin. The safety and security also is ensure in bitcoin unlike in fiat that can be stolen easily by anyone if you're not really careful. We should just hope that bitcoin and fiat would work in harmony instead of hoping that it would appear in physical coin cause it just wouldn't work well that way.

[Inkdatar]

At this time I can’t imagine bitcoin to become physical coin in the future. There are many collectible coins but in bitcoin it’s purpose is digital money where we can easily use and access freely. Why do you think bitcoin to be a physical coin? In fact, many users who believed in bitcoin are enjoying its features already.

[TheUltraElite]

I don't think bitcoin will ever be a physical coin because it's not a storage asset.

Its strange how a bunch of newbies like this person and some more in this are not reading the replies and posting to get their post counts done. Bitcoin physical coins are very popular among this forum collectors of the same and they are traded regularly in raffles in a specific section for that.

Sadly these new users are clueless about what they are talking about and are very quick to jump into conclusions before actually taking time to read and know about what older members have to say.

[LbtalkL]

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

For me, not a chance bitcoin without anonymity, decentralization and its blockchain itself is nothing. It is like some cold cash or gold that can be controlled by government its not bitcoin anymore if you make physical version of it. Yes, it exist some fans created a physical bitcoin just for souvenirs only.

[Willitivity]

Bitcoin is never meant to be on physical state, it's a virtual currency. Basically Bitcoin was created to be operated and transacted on an online basis not physically. For instance, you can have Bitcoin represented by a normal gold coin but there is no value attached to it. It just for decoration and or as fashion accessories.

[deadsilent]

Of course it can be used on physical and virtual way of payment. Just imprint the private key on any physical items like coins. Actually I found some coin maker that printing the private key on coins he make. But for me I think it's too much work to do. For me just scan and send is enough and of course they should use Lightning Network to receive it faster than traditional tx.

[mk4]

Actually I found some coin maker that printing the private key on coins he make. But for me I think it's too much work to do.

The problem here is not that it's too much work, it's that that centralized entity that prints the private keys is a point of attack. Think about it, they print the private keys on the coins, which means that they have access to the private keys in the first place. How sure are we that they won't do some shady stuff like recover the funds from the wallets' private keys that they print on the physical coins?

[djefes]

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

Nope That is called cash