If bitcoin was to be physical product?

[Godlovesyou]

Let me say, when the first time you heard about bitcoin, you begins to wonder what is it all about and finally you gets to see it as physical product like lands, cars, gold or diamonds that's instances. This products also people invest in it but not everybody probably the rich, I believe many people won't have had the money to buy bitcoin or even put interest even if you have the money.

People love privacy in business and bitcoin is one profound individuals investment business with the public necessary sees your progress. Physical business attracts enemies, hatred, criminals, stress and energy, even witchcrafts (enemies of progress). But bitcoin is cool private investment nobody knows what's going on, on your devices only you. That in many ways bitcoin is more advantageous to other business investments with lots of benefits, this is more reason why it should be encourage to be accepted as a global digital assets. Would you have involved if bitcoin is a physical product?

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[Upgrade00]

Let me say, when the first time you heard about bitcoin, you begins to wonder what is it all about and finally you gets to see it as physical product like lands, cars, gold or diamonds that's instances. This products also people invest in it but not everybody probably the rich, I believe many people won't have had the money to buy bitcoin or even put interest even if you have the money.

Physical products like lands, cars, gold are multi-billion dollar establishments with investments from the rich and middle class and sometimes the poor even. Every investment cannot be virtual as each serves their different purposes, I for example would definitely not buy a virtual car or a virtual land in the metaverse, but as a transaction method and a store of value, being digital and private has its advantages.

Would you have involved if bitcoin is a physical product?

Bitcoin as it is designed cannot be a physical product. This would limit its ease of transfer or it's ease of storage meaning it loses somebody it's features. I can be interested in Bitcoin collectibles.

[bosede1]

You will be surprised that people will invest in Bitcoin as a physical product, it may take a while just like it did also as a digital currency but it will gain recognition in the years that roll by.

[serjent05]

Bitcoin in physical products will defeat its purpose.  So I don't ever think or imagine Bitcoin as a physical product.  There may be coins that are created to serve as a physical wallet for BTC but its proven to be risky just like what happened recently where the creator sweep the Bitcoins on its released loaded physical coins.

You will be surprised that people will invest in Bitcoin as a physical product, it may take a while just like it did also as a digital currency but it will gain recognition in the years that roll by.

Obviously, there will be people investing to this kind of scheme but it doesn't make sense because it beats the purpose why Bitcoin is created.  Remember Bitcoin is a kind of electronic transfer, not physical transfer.

[DoublerHunter]

You will be surprised that people will invest in Bitcoin as a physical product, it may take a while just like it did also as a digital currency but it will gain recognition in the years that roll by.

Obviously, there will be people investing to this kind of scheme but it doesn't make sense because it beats the purpose why Bitcoin is created.  Remember Bitcoin is a kind of electronic transfer, not physical transfer.

^If OP read the Whitepaper of BTC and why it was created, you never think about this physical product. The reason BTC was created is just to become and peer-to-peer cash electronic payment system, nothing else was stated in the Whitepaper, it also does not state there that have a promise to anyone to make a profit. I cannot just imagine how to cross the borders in every country if that is a physical product.
Remember that BTC's unique properties, such as its decentralization, immutability, and digital nature, are what make it valuable and attractive to users. These properties would not exist if Bitcoin were a physical product, and it would lose its potential as a decentralized digital currency.

[death69]

If bitcoin took on a tangible guise, like real estate, autos, gold, or precious stones, it would indisputably be among the most coveted goods out there. However, as you astutely emphasize, the true allure of bitcoin springs from its privacy and the liberty it grants to individual investors. As a crypto-enthusiast for ages, I can vouch for bitcoin's awe-inspiring potential and perks as a confidential investment. The capacity to deal anonymously and securely, minus intermediaries or middlemen, revolutionizes the financial landscape.

But such liberty entails immense responsibility. As individual investors, it's crucial we stay alert and become prudent wealth custodians, shielding our private keys and defending our investments against ill-intentioned actors and external hazards. Although bitcoin isn't a physical product per se, its ethereal character and the influence it embodies hold the power to reshape finance and empower people like never before.

[GideonGono]

Let me say, when the first time you heard about bitcoin, you begins to wonder what is it all about and finally you gets to see it as physical product like lands, cars, gold or diamonds that's instances. This products also people invest in it but not everybody probably the rich, I believe many people won't have had the money to buy bitcoin or even put interest even if you have the money.

People love privacy in business and bitcoin is one profound individuals investment business with the public necessary sees your progress. Physical business attracts enemies, hatred, criminals, stress and energy, even witchcrafts (enemies of progress). But bitcoin is cool private investment nobody knows what's going on, on your devices only you. That in many ways bitcoin is more advantageous to other business investments with lots of benefits, this is more reason why it should be encourage to be accepted as a global digital assets. Would you have involved if bitcoin is a physical product?

This is also one of my reason why I love crypto, people don't really know what is happening with you if you wouldn't tell them, the only negative side is that most of the time people tend to get crazy ideas when they see you being successful in life or buying things that you once couldn't afford.
I know some people who had been accused or rumored to be doing something illegal like selling drugs .
Some of my family members also suspect me before that I was doing something like that since I am earning a lot even though I am not leaving the house.

[romero121]

Myself hadn't got any thoughts on whether it had got physical presence or not, simply I believed in it and tried with a transaction and I enjoyed it. Further started to understand well about the interesting things associated, along with the goodness of growth. At the beginning while hearing about it everyone will have a question how does it can hold value without have its physical presence. Slowly we'll understand and the best things will happen further. Very important thing then only we'll find what additional expenses every government is going through with the printing of currencies. Anyhow the need of physical currency lasts forever as everyone can't go digital as the people aren't prepared for it. Maybe after generations things might change.

[SamReomo]

Bitcoin was designed to be a virtual payment system that no centralized body can control and that can be traded easily via P2P route without any restrictions. Such thing was only possible in software form, if something like Bitcoin was physical by nature then the inventor of that product might not be able to hide himself from centralized bodies. The nature of Bitcoin is decentralization, and purposefully Satoshi set the Hard limit at 21 million bitcoins. And, that genius guy gave this world a gift, especially to us in this tech world.

Physical products are  different from virtual products in many aspects. Let's still guess that if something like Bitcoin was physical then it must have to be made out of physical elements. How would volatility like this could ever be achieved with a physical product, and how would others transfer that product anonymously? The answer to those questions is simply not possible at all. No body can trade a physical product without any interference from centralized bodies. That's the reason Bitcoin was made as a virtual product and it will remain in same state, it will never be released as a physical item.

[Sarah Azhari]

Would you have involved if bitcoin is a physical product?

No, I wouldn't involve in it because I am really happy if Bitcoin is only to be like now, I am very comfortable that Bitcoin doesn't have development as your suggestion. Because it would be very confusing, and that is the old way which does fit with fiat. I don't know where you got the idea. But, if you still think it would happen, better to own just like physical Bitcoin like Casascius.

[mk4]

First things first — how would you even make a physical version of bitcoin with it being decentralized and trustless? Someone has to physically mint the coins. The closest thing to physical bitcoin is obviously gold, but you can't really replicate gold's sort of 'natural' supply distribution.

[hugeblack]

Over time, most of us will not enjoy privacy when using Bitcoin due to the many restrictions imposed by the government, and with all the money that is invested in tracking transactions and the effort to close all services that enhance privacy, I do not think that the average user will be able to keep his currencies without disclosing them to the government.

In addition, Bitcoin is far from the high privacy that cash offers.

[lizarder]

What makes people choose bitcoin because of its advantages that are not owned by other forms of investment, we are not tied to anyone and we are the sole owner of full control of the assets we own. So considering bitcoin to be the same as any other product has no basis in that it functions very differently and as far as I can see the power to maintain its value long term is one of its main strengths.

Would you have involved if bitcoin is a physical product?

It never crossed my mind that bitcoin would be a physical product and it never could be because it goes against what it does. If bitcoin was like any other physical product then today we don't see any power from it and many people would think of bitcoin just like any other physical product.

Where did this idea come to your mind? have you read the White Paper? To be honest, the level of rationality people believe in bitcoin because other products don't have the advantages like you mentioned, that basis will refute all your ideas about bitcoin as a physical product, even if you say if If possible.

[Stella Mese]

Indeed, if you invest physically, there are many dangers, for example investing in gold, it will be at risk of being stolen and so on, but of course everything will not be free from risk.
as well as investing in bitcoin, of course there must be risks, for example the price falls to a low while we buy it at a high price.

but in my opinion if btc is changed to physical goods in my opinion it is the same as changing the purpose of btc.

[omoniy1]

If Bitcoin could be a physical product, it'd rely on different factors including its utility, marketplace demand, and price. It could be much like every other commodity, and person funding choices could rely on private chance tolerance and funding desires and also Bitcoin is already a widespread of a global digital assets, it has already won sizeable reputation and adoption as a virtual foreign money and keep of value, and its decentralized nature and stable blockchain era make it a famous preference for people and corporations across the world.

[CryptoBuds]

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 Would you have involved if bitcoin is a physical product?

If bitcoin were a physical asset, it would be no different from assets like gold or real estate...No physical asset is decentralized, private, anonymous, and not subject to government control...In the end, it will make no difference and won't get as much attention as it does now. As for investing in bitcoin, assuming it is a physical asset, but as long as it brings great profits, I believe people will still participate because the human need is to earn a lot of money. Today, every market participant is more concerned with profit than with technology.

[OcTradism]

Let me say, when the first time you heard about bitcoin, you begins to wonder what is it all about and finally you gets to see it as physical product like lands, cars, gold or diamonds that's instances.

It was not designed to be something like a physical asset. It is designed as a digital asset or virtual asset as some people called it like that.

This products also people invest in it but not everybody probably the rich, I believe many people won't have had the money to buy bitcoin or even put interest even if you have the money.

You don't have to be rich or millionaire or billionaire to buy Bitcoin. Satoshi Nakamoto thought about it so he designed bitcoin with satoshi as the smallest unit. You can buy some satoshis, hundreds of satoshis or more and of course you don't have to be billionaire to buy a fraction of bitcoin.

Some people don't know about that and think they have to buy 1, 2, 3 bitcoins only. It's misinformation and misunderstanding.

[Lorence.xD]

If Bitcoin would be physical then I think people would rather invest in gold since they already know gold investment which is not too complicated for them. And it would be hard to analyze it's value since Bitcoin is volatile, without it's volatility it would be hard for Bitcoin to reach it's current price. Plus the transactions would be hassle as people would like meet up to trade Bitcoin and that would be risky since it's a decentralized system there could be criminals that you can see in the movie. But it would be cool if that happened like Bitcoin came to life not only digital.

[Gallar]

People love privacy in business and bitcoin is one profound individuals investment business with the public necessary sees your progress. Physical business attracts enemies, hatred, criminals, stress and energy, even witchcrafts (enemies of progress). But bitcoin is cool private investment nobody knows what's going on, on your devices only you. That in many ways bitcoin is more advantageous to other business investments with lots of benefits, this is more reason why it should be encourage to be accepted as a global digital assets. Would you have involved if bitcoin is a physical product?

Bitcoin is indeed an incredibly good asset, all crypto investors know that. I'm sure almost all the members in this forum really admire the quality that bitcoin has, including me too. Bitcoin is indeed superior in terms of maintaining privacy, good potential in the future, and its market price is always stable.

But that doesn't mean that other businesses that exist today are not good or unsafe. any business always has advantages in their respective fields, we must think realistically. Don't think there is no good business besides investing in bitcoin, if you think like that, it means you have never experienced business in other fields. because right now, I'm investing in bitcoin, while running a business even though it's still not big. And from my personal experience, I can conclude, that if you want to do business in any field, there will definitely be advantages and disadvantages.

For privacy matters, not only in business,
Even outside of business, when it comes to privacy, everyone also wants their privacy to be very well maintained, so when it comes to privacy, I don't think it lies in a job or business, but it has become a natural human trait.

And if bitcoin exists in physical form, and still remains decentralized, I will still invest in bitcoin.

[Similificator]

Let me say, when the first time you heard about bitcoin, you begins to wonder what is it all about and finally you gets to see it as physical product like lands, cars, gold or diamonds that's instances. This products also people invest in it but not everybody probably the rich, I believe many people won't have had the money to buy bitcoin or even put interest even if you have the money.

People love privacy in business and bitcoin is one profound individuals investment business with the public necessary sees your progress. Physical business attracts enemies, hatred, criminals, stress and energy, even witchcrafts (enemies of progress). But bitcoin is cool private investment nobody knows what's going on, on your devices only you. That in many ways bitcoin is more advantageous to other business investments with lots of benefits, this is more reason why it should be encourage to be accepted as a global digital assets. Would you have involved if bitcoin is a physical product?

Had Bitcoin been in a physical form, then it would probably have a lot more owners than how much people own Bitcoin today since people feel more at ease with investing on things that they can actually see or physically touch. That is to say, if the physical Bitcoin we are talking about is still able to fully offer the same utility it has today as a virtual asset when on its physical form. If not, then it would hardly be able to gather a couple of eyes to even take a look at it. Remember that the main reason why we all are drawn into this industry is because of what Bitcoin and most of the good utility coins in this industry has to offer to us investors. And a physical form of Bitcoin just can't offer such utility. Hence, Bitcoin as a physical product is a big no for me.