If bitcoin was to be physical product?

[Mr.corol]

. Would you have involved if bitcoin is a physical product?

If Bitcoin was a physical currency instead of a digital currency, there would be many problems. There were various problems including buying and selling. No one would be interested in investing in Bitcoin. First of all, what do you make bitcoin physical currency with? Think if Bitcoin was equal to a currency if it was made of any precious metal, gold, silver, would it be worth so much. Then the price of the precious metal will not rise above it. Due to the digital currency has gained recognition all over the world. A physical currency would not have created such a stir in the whole world.

[MoonOfLife]

If bitcoin is a physical asset, it will not be able to surpass gold because bitcoin is man-made, so we can create as much as we want, and it will become useless. Your hypothesis is unrealistic, unreasonable, so there is not much to discuss. Bitcoin is a new technology in the world, and that is what makes it different, if it is a physical asset, it is too trivial to be mentioned.

[Despairo]

@OP you're just saying if most people who buy and invest Bitcoin are care with their privacy, you're wrong because most of people bought their coins through centralized exchange and they don't mind to share their holdings to their social medias in order to let anyone know if they're rich.

If bitcoin is a physical asset, it will not be able to surpass gold because bitcoin is man-made, so we can create as much as we want, and it will become useless.

Do you think gold and other mineral resources aren't scarce? if Bitcoin was a physical product, it's not always the product can be produced freely as much as you want.

If Bitcoin was a physical currency instead of a digital currency, there would be many problems. There were various problems including buying and selling. No one would be interested in investing in Bitcoin.

What problems? how you can sure no one will interest to invest in Bitcoin when there are many people want to buy precious metals? many people also trade Bitcoin through direct P2P.

[landheer]

If bitcoins were to become physical goods I think that would destroy bitcoins and the point of destruction here is that no one is going to want to invest in btc.

just try to imagine who would want to buy 1/2 piece of bitcoin if bitcoin is in physical form, and in my opinion what makes people interested in investing in btc is because bitcoin is a digital currency that cannot be touched.

[avikz]

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?

If Bitcoin was issued as a physical asset, the most prominent features of Bitcoin wouldn't have existed - privacy and anonymity. So I guess, then Bitcoin would have become any other assets like gold, land etc. etc. So Bitcoin wouldn't have become a revolution. It would have been treated like any other normal investment or currency system. It wouldn't have anything radically different than the current system and it would have been much easier for the enforcement agencies to stop the spread of Bitcoin.

In a nutshell, Bitcoin has survived and thrived, because it is an internet-based currency system that is controlled by none.

[GeorgeJohn]

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.

It's obvious that while people continue maintain the frequency of having bitcoin is due to its security status, because its obvious that if bitcoin happens to be physical government would have change it narrative and by now it wouldn't be valid again, so when you check the turn up bitcoin since its wasn't a physical product, its what gives bitcoin the temerity to maintain its value even though it falls today or neither tomorrow. But from another perspective, do you know that if assume bitcoin wasn't a digital currency that has privacy government won't have not disturb the existence of bitcoin to such length,  but nevertheless since Bitcoin has survived government throughout the day it was launched and till now, I don't think government have any effect on bitcoin existence and even the restrictions is not longer  holding water over the restrictions on some any other countries.

[summonerrk]

Let me say, when the first time you heard about bitcoin, you ...
...
...physical product?

We are used to the fact that jewelry and money have a physical embodiment. Gold, diamonds, then coins and paper money. The world quickly got used to plastic cards, although we can only see the balance of our money on the screen.
Nevertheless, we have cards that have a completely physical embodiment. But bitcoin is a thing that we cannot touch or feel. Nevertheless, it is there.
 It, like other cryptocurrencies, cannot have a physical embodiment, because it works on the blockchain. And distributed all over the world.
Accepting bitcoin is a matter of habit.

[davis196]

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?

You could buy stocks, trade on the FOREX markets or put your money in an index fund. Nobody would know that you are doing this, unless you are open about it. Isn't this the same as Bitcoin/cryptocurrency trading/investing?
The government and many centralized crypto exchanges(that require KYC) know who you are and what you are doing. When you buy BTC/crypto most of the time you are required to verify your identity. This is quite the opposite of complete privacy.
I would never be involved with Bitcoin, if BTC was a physical product, because physical products require shipping and handling.

[karabiber]

Societies are more curious about the things they cannot see and touch but they also have difficulty in understanding something they cannot see. We need to get Bitcoin to more people. If Bitcoin were a physical product, i would definitely own it and that would be cool.

Of course, there will be difficulties in Bitcoin being a physical product. Storage cost is one of them. But if we want to establish a new currency or exchange system, we no longer have to do it physically but digitally. The world population is increasing and the cost of fiat money is causing inflation.

[Magic-Money]

Bitcoin business deal with privacy and online digital currency that work online with a less stressed of paying shop rent or other bills attached, which many institution and individual enroll Bitcoin business which no one can see each other quantity of Bitcoin holding on like other traditional business doing physical knowing how many good's has in the shop. Hence Bitcoin business is limitless business which is the way you present your self we determine you're partner your worth net in the Bitcoin business.

[Rruchi man]

But bitcoin is cool private investment nobody knows what's going on, on your devices only you.

Bitcoin will remain private to you if you keep it to yourself to ensure your privacy. Many people especially newbies to bitcoin have the problem of not keeping their investment in bitcoins private, they go ahead to tell friends and family that they investing in bitcoins, and that breaches the idea of keeping it to yourself.

Would you have involved if bitcoin is a physical product?

It is difficult to imagine bitcoin as a physical product, but yes I would still be involved. If bitcoin did not start as digital, but had same benefits as it has currently somehow for investment and transactions, I will still have an interest in it.

[Pmalek]

The first time I heard about Bitcoin, I didn't know what it was, but I certainly didn't have a physical asset in mind. I had already worked with some other electronic payment systems and thought it was something like that. A new trend that will soon the die just like everything else does. Fast forward several years later, and here I am.

The first sentence in the whitepaper tells you what bitcoin is. Any source that explains it used the words digital, virtual, electronic, etc. None of that should associate you with a physical asset. It wouldn't even make sense or make the global payment system more efficient. Me possessing physical bitcoins doesn't make it easier for me to pay someone in South America.

[Bazzu]

this is an interesting topic because sometimes I also like to think that way, namely what if bitcoin is made physically, but in the end my thoughts are interrupted because I think if bitcoin is made physically how do I transact buying and selling which is sure the transaction will be more complicated because we have to drive a car or motorbikes just to sell btc and deliver it to people who want to buy btc or the post office and so on.
so i think the current btc is the best.

[tjtonmoy]

~Snip

Privacy should always be the first priority in our life. Physical assets are not the one that can assure you the privacy you need. Also, not those which are centralized. Bitcoin is the one that can assure you that, and all thanks to Satoshi and everyone else who have contributed to this cause.
I am not saying that bitcoin is immune to such things. But it is the only thing capable of doing it if you can use it in that way. It is totally up to the person who uses it and how they use it.

Freedom, decentralization, your personal asset. All this can be achieved through Bitcoin, which would never be possible if it was a physical asset.

[CageMabok]

If bitcoin is a physical asset, it will not be able to surpass gold because bitcoin is man-made, so we can create as much as we want, and it will become useless. Your hypothesis is unrealistic, unreasonable, so there is not much to discuss. Bitcoin is a new technology in the world, and that is what makes it different, if it is a physical asset, it is too trivial to be mentioned.

Bitcoin is even better without being physical and apart from physical things that differentiate it from other assets such as gold, Bitcoin can also be stored more easily than gold which requires a safe. Actually I don't like to compare gold with Bitcoin because basically it's very different so the comparison won't really match between the two because each of them also has its advantages and disadvantages.

[Weezenhofnar]

Bitcoin's intangibility and digital nature are among its unique features that make it an attractive investment option for many.

Unlike physical products, it can be easily stored, transferred, and secured without the need for intermediaries.

[FUCKBSVFUCK]

yes, physical business is good, no doubt the internet is a big help, but some people like to play bitcoin in their gambling and they play bitcoin also when gambling they can get interest from people. that can help to make more money, and that has been proven many times in other industries and online casinos also give interest to many customers who can easily purchase bitcoin in the online casinos.

[FUCKBSVFUCK]

if bitcoin was to be a physical product, then no it will not be physical product. the only good thing for bitcoin is that when you want to buy, you sell with it and wait for it to make a profit. 
 
the good thing about bitcoin is that no one knows what bitcoin is.

[Luzin]

Bitcoin is even better without being physical and apart from physical things that differentiate it from other assets such as gold, Bitcoin can also be stored more easily than gold which requires a safe. Actually I don't like to compare gold with Bitcoin because basically it's very different so the comparison won't really match between the two because each of them also has its advantages and disadvantages.

Bitcoin was created to provide transaction efficiency, so there is no need to have a physical form. I've heard it exists, but it's just a form of some kind of coin that contains a wallet address and key. So bitcoins remain in the wallet, not the physical one. If bitcoin is created in physical form then that's a setback. Digital money was created to create efficiency and today's metal or paper money has its drawbacks. That weakness is masked by crypto or bitcoin. And currently CBDC is formed and it mimics crypto technology, not metal or paper money.

[rby]

If Bitcoin was to be a physical product, it would have had more adoption than as it is today.
The majority of people that came to bitcoin, did not come because of privacy, they came because of the dividends of investment.
Also, some people came because bitcoin is cheap to afford. If bitcoin was to be as expensive as Real estate, people would also not be interested much except the rich.

Then, here comes the main matter which is, it proves difficult for people to understand the virtual nature of bitcoin. If bitcoin was to be a tangible product. Let's say a physical cash or coin like fiat, many more people would have been interested in bitcoin. So many people would not like to invest in something they do not understand.