Is the world ready to embrace physical bitcoin?

[Franctoshi]

But what if the world suddenly change and opt to in physical form, are we ready to embrace it?

I totally did not buy the idea, This is just like sending someone who is already in heaven to move from heaven to hell fire.
Bitcoin is save heaven meant to solve the problem facing the current monetary system which involves continuous printing of money, Therefore Bitcoin going physical means you have to print Bitcoin and thus destroy the purpose of creation. What we should be thinking of is how to educate and reeducate people to fully get involved with Bitcoin. Using El Salvador for example that the country have fully opted for Bitcoin you can see people no longer find using it difficult over there.

[romero121]

To those that insist that "physical" bitcoins have no use, I want to point out the interesting fact that most of the paper USD in the world is used by people outside of the U.S.

Don't forget that many people in the world have limited access to banks and telecommunications. For them, no electronic form of currency is available and they must rely primarily on paper money or perhaps "physical" bitcoins.

For the people who are isolated from the rest of the world in terms of telecommunications can make use of the physical bitcoins. However this percentage of the population is very small compared to the rest of the population who are well connected. Even the villages that doesn't have access to internet are now getting connected. More funding too is done by the world bank for the cause. So, rather than thinking of physical bitcoins it is good to educate and develop infrastructure.

[bitterguy28]

personally ? what is the sense of letting Bitcoin to be In physical form when it was originated and being popular in its form? 

Why need to let it become physical when we learn to understand and circulate this while it is in electronic form .

So I am not supporting this to be a legit call, but will continues to support the original bitcoin form and this is what it must be for all the years to come.

[kasunrandil]

 bitcoin is exist here because of it's non physical nature. you can buy physical bitcoins on shopping market as i know. bitcoin is on blockchain mate. bitcoin exist because of blockchain technology. physical things cannot transfer through blockchain i know. no way to happen this

[Nrcewker]

I don’t get why people are so eager to get Bitcoins into physical form?
I mean what is the need of the physical version when you have this awesome digital one.
If also somehow BTC are developed physically, then there will be no difference between gold and Bitcoins.
Moreover the Bitcoins anonymity and decentralised nature will become useless if we switch to physical version.
According to me Bitcoins physical version will be nothing more than useless thing.

[Smack That Ace]

We're actually ready for both, physical and digital. We're from physical so that's not really a question anymore.

Knowing that we're on the digital age and that's what bitcoin is, having a physical coin that's pre funded is just going to be like a cold storage for someone who wants to keep it for long.

It will serve just like a memorabilia.

I think it's better to just mint a metallic bitcoin and treat it as memorabilia. Using physical bitcoin is against the trend of the times, we move towards a digital world and gradually get rid of things that are too cumbersome and take up our space. Furthermore, using physical bitcoin is no different from using a centralized asset controlled by the government, this is a bad idea. I would rather use cash, gold than use physical bitcoin.

[slackovic]

We're actually ready for both, physical and digital. We're from physical so that's not really a question anymore.

Knowing that we're on the digital age and that's what bitcoin is, having a physical coin that's pre funded is just going to be like a cold storage for someone who wants to keep it for long.

It will serve just like a memorabilia.

I think it's better to just mint a metallic bitcoin and treat it as memorabilia. Using physical bitcoin is against the trend of the times, we move towards a digital world and gradually get rid of things that are too cumbersome and take up our space. Furthermore, using physical bitcoin is no different from using a centralized asset controlled by the government, this is a bad idea. I would rather use cash, gold than use physical bitcoin.

I was just about to write the same! What's the point of physical Bitcoin besides to have some memorabilia for people that like to collect it? Bitcoin was invented as a digital asset and it should stay that way.

[henmark]

I do not think I can actually support this particular development because I see it as a backwards growth. If there is no other reason for the loss of value of the fiat physical currency – it is for the fact that it was made physical and people were given the access to have it in large quantities without any significant thing happening to the actual value.

Unlike the digital Bitcoin, where it increases and drops, thereby commanding value to itself.
We are in a digitalized world already, making Bitcoin physically simply just does not tally.

[Ahli38]

for some reason, if you have to go back to physical coins, you want physical bitcoins or something. then I feel awkward. and as if going back to before there were cryptocurrencies, especially bitcoin. so it will be the same as using gold and silver coins. I myself do not really understand transacting with physical bitcoin. because of how to do it. whether like ordinary money coins. or must be scanned first with a special tool. ah i feel stupid about this. because instead think with the production of physical bitcoin then there will be a central that produces it. whether it will go against decentralization. maybe if the physical bitcoin contains a private key in which bitcoin. and saved for hodl then maybe it could just be acceptable. sorry i will read more about this. and find out more. because I just found out about this. and I think this is what I need to know to increase my knowledge about bitcoin and everything related to it.

[odolvlobo]

"A total of 5 billion people around the world use the internet today – equivalent to 63 percent of the world’s total population.

That leaves 37 percent of the world who have no choice but to use physical money.

[Abiky]

To those that insist that "physical" bitcoins have no use, I want to point out the interesting fact that most of the paper USD in the world is used by people outside of the U.S.

Don't forget that many people in the world have limited access to banks and telecommunications. For them, no electronic form of currency is available and they must rely primarily on paper money or perhaps "physical" bitcoins.

You'd still need Internet access to spend the physical Bitcoin anyways. Otherwise, it's purpose would be futile. I don't see how off-chain transactions will work without ever getting settled on the Blockchain. At some point, the person needs to redeem the private key or seed to redeem his/her funds. There's no other way around it.

Using a physical Bitcoin is like going back to the era of paper money. Although the latter still exists, it's usage is diminishing by the day. You can say goodbye to paper money for good once government-issued digital currencies are launched for public use. When that time comes, physical Bitcoins will only be considered as collectibles not as a tool you can use for day-to-day payments. No one knows what will happen in the future so we can only hope for the best. Just my opinion

[2stout]

The primary purpose of physical bitcoin would be a numismatic collectible not to use as you would paper or coin fiat- same way someone would not spend a proof US Mint coin, and in the case of a situation that required glass to be broken, you could always peel the coin to retrieve the private key and use whatever the amount of bitcoin present if needed.