What if the Bitcoin was in note?

[Frankolala]

 What is the difference between bitcoin and fiat assuming it was a note. Then there will be no need to create bitcoin because it will definitely have fiat features and it will be useless because you are going against the law of your country that only the government can print money, which means that bitcoin will never come into existence. Satoshi decided to create some new kind of currency that will be opposite to fiat, but will serve as the same purpose of fiat.

This is why he created a digital currency, something new and strange that can survive in the present world of technology, and cannot be controlled by anyone to give privacy and financial freedom to people since fiat has become a disappointment to citizens and the government controls it, making bitcoin decentralized in nature so that a third party is not needed before transactions can be carried out. The potential of bitcoin is what made it popular and more valuable, because it is above anyone's control.

[Zanab247]

 Don't forget say BTC na decentralized currency u can't touch physical but u can use it to do what note money can do in your area and, d founder of BTC make BTC to b decentralized currency and he no why he make am na dat so dat government will not have control over BTC like d way dey have control over fiat money.

Assume BTC is a note, I don't think say people for value BTC like d way people value BTC now as a decentralized currency to invest and have good results to achieve from their investment and, u no wat will happen if u hodl your BTC note at home which u will not have rest of mind because it will b easy for bad guys to have access to your BTC in your house.

[Makus]

I also thought as much. But the real mater na say government for take charge the wey them dey manipulate binance exchange today. Binance exchange done already reach government say instead them go pay any taxes them go block p2p transactions from Nigerian users and ready them done do am. Now na the Nigerians dey suffer the suffer. I no agree make Bitcoin dey in note, even if Bitcoin gets em own ATM for this country, our government go won fund ways to manipulate them with tax payments and other things.

Na why the wey Bitcoin dey now naim be the best state wey e fit dey to avoid this government manipulation. If to say Bitcoin no dey digital and decentralized, by now the government dem for don carry am do yeye. See binance as e big reach naim our government carry do like this assuming say Bitcoin na note e for get central authority wey go dey print the notes and anywhere that branch go dey, the government for the country go carry tax kill the dream of the project, and that for make am last for only 2 years. So this na why even assuming say na note sef no make sense, let's just leave it the way it is and appreciate God for the kind wisdom wey e give Satoshi to stay fully anonymous.

[Su-asa]

I also thought as much. But the real mater na say government for take charge the wey them dey manipulate binance exchange today. Binance exchange done already reach government say instead them go pay any taxes them go block p2p transactions from Nigerian users and ready them done do am. Now na the Nigerians dey suffer the suffer. I no agree make Bitcoin dey in note, even if Bitcoin gets em own ATM for this country, our government go won fund ways to manipulate them with tax payments and other things.

Na why the wey Bitcoin dey now naim be the best state wey e fit dey to avoid this government manipulation. If to say Bitcoin no dey digital and decentralized, by now the government dem for don carry am do yeye. See binance as e big reach naim our government carry do like this assuming say Bitcoin na note e for get central authority wey go dey print the notes and anywhere that branch go dey, the government for the country go carry tax kill the dream of the project, and that for make am last for only 2 years. So this na why even assuming say na note sef no make sense, let's just leave it the way it is and appreciate God for the kind wisdom wey e give Satoshi to stay fully anonymous.

Of a truth you have spoken my mind.
Satoshi Nakamoto already knows what the government are capable of doing that's why he made Bitcoin to be a digital currency so no body (government included) will be able to control it. However, as Bitcoin is a crypto currency that can't be controlled and manipulate by anyone, it's good as the real person that invent Bitcoin is anonymous because the world would have manipulate the person to so they will be in control of Bitcoin. The Nigerian government has been working hard to get rid of crypto currency in Nigeria and we have been witnessing them because we are among the binance fam.

[Gormicsta]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Omo, if Bitcoin dey for note na big wahala but I won first ask one question and the question be say, na who go dey print Bitcoin note because you already know say Bitcoin dey backup by a decentralized technology meaning say e no dey regulate by any centralized authority like the normal fiat currency, wey dey regulate by government and central bank so if Bitcoin supposed to dey printed as normal note then e mean them go need to get central authority wey go dey in charge of printing and distribution of the note. That way the mean and strongest weapon wey Bitcoin get (wey be decentralization) and we know say na this thing na e make Bitcoin dey undisputed for wer other currencies dey. So if anything make Bitcoin to fall under other any centralized authority, me and know say na Canada na we go find ourselves.

[Fiasem20]

First of all I'll say bitcoin can never be in the form of a banknote.If bitcoin was to be in the form of banknote that's to say the government will have full control over it.And bitcoin not only a digital currency but also it's decentralized meaning the government and central banks can't manipulate and control the supply of bitcoin.
From what you said that assuming bitcoin was in the form of a banknote,and someone eventually misplaced his or her coin carelessly and the question was if it would be returned.Hmmmm lemme laugh first, you said we should be sincere,okay lemme take this question personally to myself to be frank I won't return the coin back because currently in this era we all know the value and worth of bitcoin, this digitalized currency is a life changer.If something mean alot to you it will be difficult to let go so also if you know the value of something precious like bitcoin you will secure it.

[Stable090]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

I can’t really remember the last time I saw money on ground, I think people no longer lose money again, gone are those days wey u go dey waka you go see money for ground again, and as our money no even get value again, even if you see 100# or 200# for ground now, no be serious money, but if na before, if you see even 5# or 10# for ground if you see the way person go dey happy because u know Wetin you go fit buy with am. During that time Nigeria never worst like that, we still dey chill that time for dis country, no be like now wey if you hold 1000#, you no go even sabi Wetin u use the money do self.

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

If bitcoin is in note, I no dey sure say people go even dey carry am commot for house self, na for house everybody go dey hide am because mistake fit happen anytime, and you fit lose am, just imagine say you carry 1 bitcoin commot for house you come lose am, you go wan craze now, where you go even start from self,  1 bitcoin na over 100 million naira ooo, where you go even start from if you lose that kin money.

If I see bitcoin note for ground, as long as I fit sabi the real owner of the money, then I go return am, person money no fit make me rich, if I fit take the money and I no return am, my mind no go clear.

[promise444c5]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Bitcoin  being a note will dispute the fact of openess as to how everyone knows how transaction  are being carried out ( no nodes to broadcast each transaction).
This will change it whole purpose of decentralisation  as it will be more like a fiat which need control  and finance by some set of constituted authorities (Government).
Bitcoin transaction will always be digital..

[Y3shot]

If bitcoin was in note I don't think it will be different from the traditional currency we have. The traditional currency that is a paper form people temper with it by printing more of it, if bitcoin were to be in paper form I think people will take advantage of it by printing more it. But I think bitcoin being in a digital form is the best form it is suppos to be which can not be manipulated by anyone just like the traditional currency.

[Gormicsta]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Actually, security might undoubtedly play a part in someone's choice to bring back a lost item. On the one hand, knowing they won't be identifiable may make them less reluctant to return the goods. They may believe that keeping it to themselves has no consequences. But on the contrary side, some individuals could feel that they have a moral responsibility to return it, irrespective of whether they'll be recognized. And I believe age might influence someone's decision to return a lost item. They may also be more mindful of the consequences of their behaviour on others. But as the country be like this even if na 1kobo wey lost from us, nobody go gree return am to you because everywhere dey find wer e go better for them, so just imagine say na Bitcoin wey dey for not wey come fall from us, dat one be say e don go be that, no body go gree return am come give us, dey go even say na manna from God and if Bitcoin dey for note, people go dey extremely careful.

[Manlikefrank1]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

What makes bitcoin so powerful and interesting it’s because it’s not centralized but decentralized. Which does not allow for easy regulation in the global system and its encryption and all that. Bitcoin in note would have made more easy to be controlled that it’s in number and encryption

[Truthlovecoins]

I think every currency has the reason why it was created and with Bitcoin, it was so designed to be a digital currency of exchange.
Also, I think if Bitcoin were to be in note form, it would mean that the government of the country has adopted it as a legal tender and it is the only currency in use for buying and selling and payments for services render. Otherwise, I don't see how two currencies can have bank notes and be used at same time in a country. It will obviously create so much more confusion.

[AVE5]

If Bitcoin was in note, it wouldn't be special anymore, because the essence of it creation is it privacy and the inability for the government to track and monitor it like the fiat currency that have no privacy, because if it was in note, it will definitely be stored in the Bank which will eventually makes it less different from the fiat currency.....

Bitcoin is an invention to execute financial transactions electronically as an financial technology uniforming global monetary tenders as a unique form of money by which its obligation is to foster decentralization and keep Privacies unlike the centralized fiats.

And asking if people will walk around with it in their pockets? To me it's a big No, because you don't see someone that is mentally ok walking around with an asset like Bitcoin in his pocket that is worth 100 million plus, no right thinking person will do that, however that can never happen in reality, because Bitcoin is a digital currency, it can never be in note.

If bitcoin was actually printed of course people would walk around with it and you wouldn't have to blast on such people afterall there're people with jewelries Worth of millions just for fashions.
The fact remains that bitcoin can't be one of those which one can physically hold because it's a unique technology to be digital currency.

[Josefjix]

Don't forget say BTC na decentralized currency u can't touch physical but u can use it to do what note money can do in your area and, d founder of BTC make BTC to b decentralized currency and he no why he make am na dat so dat government will not have control over BTC like d way dey have control over fiat money.

Assume BTC is a note, I don't think say people for value BTC like d way people value BTC now as a decentralized currency to invest and have good results to achieve from their investment and, u no wat will happen if u hodl your BTC note at home which u will not have rest of mind because it will b easy for bad guys to have access to your BTC in your house.

How we go just de like that nah? Bitcoin na one of the most valued project for the market. This one na pure imagination because e no go happen and the day e happen, e mean say nothing like digital currency go ever make sense. Bitcoin na top project and we go de fight daily for the progressive means to stay protected for our portfolio. Bitcoin for note? The value no go reach where e de today. Remember our fiat currency de for notes and e no go funny at all when bitcoin join, the race and competition wey we de watch today no go even dey again.

[Promocodeudo]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Digital currency can not be in a note, why Bitcoin is still decentralized is because know one controls anything about it, the inability of the government not to control Bitcoin is because it is not in a note, note currency are only for countries and they are centralized, there was never a plan on ground to make Bitcoin a note, Bitcoin is a p2p digital money system that enables you to send and receive values without control or involvment of anyone apart from the person that you are transacting with, with Bitcoin,you are in charge of your money, the decentralized future of money is in the hands of Bitcoin, so note was never consider during the creation of Bitcoin because note is inflationary, centralize and lacks the potential of acting as a digital money and at the same time store of value, this idea of note should be erased because it not goung to happen.

[Jaycoinz]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Digital currency can not be in a note, why Bitcoin is still decentralized is because know one controls anything about it, the inability of the government not to control Bitcoin is because it is not in a note, note currency are only for countries and they are centralized, there was never a plan on ground to make Bitcoin a note, Bitcoin is a p2p digital money system that enables you to send and receive values without control or involvment of anyone apart from the person that you are transacting with, with Bitcoin,you are in charge of your money, the decentralized future of money is in the hands of Bitcoin, so note was never consider during the creation of Bitcoin because note is inflationary, centralize and lacks the potential of acting as a digital money and at the same time store of value, this idea of note should be erased because it not goung to happen.

Well to add to what you just said, Bitcoin is simply the only cryptocurrency that breaks that barrier of personal control and or should I say central control and na this reason na make Bitcoin never actually get something wey dem fit pin am put for him head. Bitcoin no be today something and e don really make the whole world see money and finance transaction on a different level na make dem no go fit turn am to paper and beside who you wan hold make him come do this kind thing, well to answer you " NO BODY" Bitcoin is decentralized.

[sotelorene]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

If you know how Bitcoin is being created or form you won't be talking about this here. Bitcoin can never be in note or paper form and again even if it will be in paper or note form i don't think all country will have access to it, just like Quatar no country have access to their currency and if country like USA should have access to it they will devalue it same will happens to Bitcoin, if they should bring it in paper or note form and it gets to USA the value go deprecate like mad.

[DubemIfedigbo001]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Well, I'll Ignore this as just a side comment and not a factual statement, I think you should go back and read the bitcoin white paper and  also the features of bitcoin and the solution it carries with it.

Bitcoin was created for decentralization, transparency, anonymity and privacy purposes to mention but a few. Now could all these be achieved if its in paper form, Hell No!. Fiat can never be decentralized because its easy to gather them together and subject it under governmental control, furthermore the government can regulate its distribution from whatever banks issues it, thereby defeating the sole purpose of its creation.

Bitcoin is a digital currency which places people in charge of their money, like you're your own bank manager and you have access to your funds anytime any day as far as you've Internet, your wallet isn't compromised by fraudsters and you've not left it in an exchange which is centralized and can sink your funds upon closing down.

[Mr.right85]

How we go just de like that nah? Bitcoin na one of the most valued project for the market. This one na pure imagination because e no go happen and the day e happen, e mean say nothing like digital currency go ever make sense. Bitcoin na top project and we go de fight daily for the progressive means to stay protected for our portfolio. Bitcoin for note? The value no go reach where e de today. Remember our fiat currency de for notes and e no go funny at all when bitcoin join, the race and competition wey we de watch today no go even dey again.

Person way go want make Bitcoin Dey in notes na person way no understand nothing about Bitcoin. No be everything suppose get physical nature or representation. Fiat paper money way we Dey spend like this, na central banks Dey print am and that mean say, na central banks get am and Dey regulate am and the central bank then cef, e belong with and to the government.
So if Bitcoin con Dey in papper, watin you think say go happen to it’s decentralized feature, watin go become of its supply, how the currency wan be, Omo, na to spoil everything be that o. This no ever fit happen and we no need am for sure.

[Tungbulu]

How we go just de like that nah? Bitcoin na one of the most valued project for the market. This one na pure imagination because e no go happen and the day e happen, e mean say nothing like digital currency go ever make sense. Bitcoin na top project and we go de fight daily for the progressive means to stay protected for our portfolio. Bitcoin for note? The value no go reach where e de today. Remember our fiat currency de for notes and e no go funny at all when bitcoin join, the race and competition wey we de watch today no go even dey again.

Person way go want make Bitcoin Dey in notes na person way no understand nothing about Bitcoin. No be everything suppose get physical nature or representation. Fiat paper money way we Dey spend like this, na central banks Dey print am and that mean say, na central banks get am and Dey regulate am and the central bank then cef, e belong with and to the government.
So if Bitcoin con Dey in papper, watin you think say go happen to it’s decentralized feature, watin go become of its supply, how the currency wan be, Omo, na to spoil everything be that o. This no ever fit happen and we no need am for sure.

Lol, na wetin just dey my mind as U see the topic.
Bitcoin no dey in anyway related to the normal paper fiat currency we get, the features self no dey the same, except for the fact say two of them na currency and them fit serve as legal tender, asides that, you no fit compared the two because the kind level wey bitcoin dey operate dey wayyyyyy higherrrrr than fiat and that's because the supply dey scarce, unlike fiat currency way person fit just enter machine start to dey print fiat, and e go fit decide how much e fit print.

Bitcoin on the other hand, nobody dey create am, instead new bitcoins dey come into existence when miners use specialized computers to solve complex mathematical problems, when a miner successfully solve one problem tge network go automatically reward am with new bitcoins, na so new bitcoins dey carry dey created, no be human being go just sidan one place dey create am, if not, bitcoin go too plenty and e go eventually lose en value, as we dry enjoy am like this, e no fit dey like that again.

So the question nah, if them come decide to put Bitcoin in a printed form.

1. WHO GO DEY PRINT AM?
Na who go dey print am and how them wan carry dey print? Abi na miners or na individuals fit dey print their bitcoin by themselves, so many questions.
If you say make them provide debit card wey person fit link with e wallet, e dey somehow better but to print am in paper form, e go involve plenty things.

2. WETIN GO BE THE STORAGE METHOD?
Normally we feel very safe and better when our bitcoin just dey inside our wallet and if we no tell person say we get Bitcoin inside such wallet, no how them wan take know, now if them come print am for paper form, how you wan take store am?
Abi you go carry am go deposit for bank? Or you give keep am for saving box, or under your bed.
E no just make sense, even the normal fiat self, you no fit keep plenty cash for house wey your mind no go dey fly, talk more often bitcoin.