If bitcoin was to be physical product?

[loopes]

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.

if bitcoin is those physical products then there are more people who interest to invest but as you said that only rich people who can afford. this is because if bitcoin is physical product, it will not be divided into tiny part as like 0,000..

in one side bitcoin seems more trustable so people who doubted bitcoin will change to trust in bitcoin
but in other side that not all people except rich people who can buy because bitcoin should be bought 1 whole bitcoin as much as +/- 25.800 USD.

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[Bazzu]

Remember that bitcoin became famous for its decentralization and scarcity. And if it becomes a physical product, that means it will lose those properties, and the government will turn bitcoin into trash and won't get as much attention as it does now. Honestly, this topic and question don't make sense when things are very different now, Bitcoin is a virtual currency, and no one controls it yet.

yes, I agree with your opinion, because I also think that if bitcoin becomes a physical form, of course bitcoin will definitely fall and surely no one will use it anymore, because what I know from its initial creation, Satoshi Nakamoto made digital currency, namely bitcoin, not in the form physique. so if bitcoin is made physical in my opinion it is tantamount to destroying Satoshi Nakamoto's vision and mission.

[irhact]

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 a physical product like coins then it would had been easily controlled as there has to been a centralized office where Bitcoin will be produced and this would had gone against the ideas Bitcoin was introducing to us about decentralization. If Bitcoin was a physical coin then it would be a rare one and coins collectors who had bought all and it won't had been as popular as it is today, giving the poor hope.

The government would had been successful in banning Bitcoin but since it isn't physical but digital then it's not easy to make laws against Bitcoin since nobody can control it not even the miners as they're not centralize either and we'll have those standing against such act.

[Aeroplanino]

We wanted to have something digitally and Bitcoin is digitally.

Have it and we want to have physical Bitcoin, is it a right willingness?

Like we want to have something worse than Bitcoin.

[Z390]

Imagine calling something a true decentralize and it's physical, what do you think will happen next? It will be a total mess because the government will sit their asses on it, and ruined it for all those who believed in it.

Bitcoin was able to do well with decentralization because it's running on the internet through the blockchain and it's not a physical object.

You should be thankful that this was how Bitcoin was created, and it's why Bitcoin survived this long.

[Yatsan]

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 a physical product like coins then it would had been easily controlled as there has to been a centralized office where Bitcoin will be produced and this would had gone against the ideas Bitcoin was introducing to us about decentralization. If Bitcoin was a physical coin then it would be a rare one and coins collectors who had bought all and it won't had been as popular as it is today, giving the poor hope.

The government would had been successful in banning Bitcoin but since it isn't physical but digital then it's not easy to make laws against Bitcoin since nobody can control it not even the miners as they're not centralize either and we'll have those standing against such act.

Also it would make no difference in comparison with fiat. Being decentralized, anonymity, and convenience won't be at edge for this technology. Therefore its price might not be as in demand as it is at the present for that reason. Actually, in some instances, Bitcoin is being regulated through third party wallets or exchanges wherein tax in form of transaction fee is present. But unlike with total regulation, there is an alternative which is thru hardware wallets and decentralized platforms. Bitcoin being in physical form would create changes with its current 'stand' in our lives to both investors and users of it. Added risk is to not be recognized by majority of countries as an offical currency on the same instance.

[hannahB4]

There are two sides to a coin and you have looked at a side, if bitcoin were to be a physical product many people would have been eager to invest in it, especially unlearned people who love to see what they want to invest in and trade. If bitcoin possesses both attributes of being a digital asset and a physical asset it would have met both sides criteria.

[Mame89]

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.

Yes, that's right, I am happy to get into crypto when I do because it is an inflection point for me financially, this is my best decision so far. Fiat money is unsecured money whose use is forced upon society. Bitcoin is honest money freeing the world from the fakes of fiat currency.
Bitcoin is not a physical form. If bitcoins were physical then many companies could generate billions of bitcoins and sell them all on the market for a high price.

It is in their computer program which is controlled by the bitcoin owner. Bitcoin can also be play money if Satoshi Nakamoto intends to change the bitcoin consensus algorithm and cause a loss of trust for bitcoin holders. Therefore bitcoin will never change in physical form, because it will eliminate bitcoin's original purpose.

[uneng]

It wouldn't be possible for me to adopt Bitcoin if it were a physical asset. The success Bitcoin has made and the opportunities it has proportionated to many people were only possible due to its virtual, decentralized and proof of work nature. The operational costs of a physical Bitcoin would demand a central issuer agency, similar to central banks and their money printing. That would simply not work.

On the other hand, it's not possible to compare Bitcoin to physical businesses' concepts, because Bitcoin is just a currency, and not a business like a jewelry store, restaurant or bakery, which involve a process where products are delivered to the customer in exchange for a currency. So we could say Bitcoin could be part of the process as mean of exchange, but not the business itself.

[Bitcoin_people]

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?

When I first heard about Bitcoin I thought it was a get-rich-quick thing with just money. Later when I better understand that Bitcoin is a virtual currency then it felt like a digital asset. Which people invest heavily in Bitcoin to brighten their lives in the future.
When people start a business there are many people who put a lot of effort into feeding the business back. As a person must have enemies and that enemy will never like him, if you do a business, it will surely hurt him. But similarly if bitcoin is invested nobody will know about this business it will not be traceable by second person except by yourself and digital device. and it is possible to make great profits by investing in Bitcoin. Bitcoin has contributed the most as a virtual asset to today's world, but I would never accept it as a physical commodity.

[justdimin]

Imagine calling something a true decentralize and it's physical, what do you think will happen next? It will be a total mess because the government will sit their asses on it, and ruined it for all those who believed in it.

Bitcoin was able to do well with decentralization because it's running on the internet through the blockchain and it's not a physical object.

You should be thankful that this was how Bitcoin was created, and it's why Bitcoin survived this long.

I think it's quite important to remember that we are not going to get around to finding a simple way of doing this, it would be digital forever because that's a lot better method and we should be happy about it, there is nothing wrong with bitcoin being digital. If we were to ever make it like out of paper, which is doable by the way if you want to do it, you can print paper versions of it, then it would make sense in theory and you can do it but how much would it make sense?

The only reason I can see this is to pay a place that accepts crypto without spending a fee, you print it on some paper, and give the rights and keys on that paper, so if someone asks you to pay 10 bucks in crypto, you give it to them and it would benefit face to face, that's it, nothing more.