Imagine owning a Bitcoin note.

[Ethan151]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

[_act_]

Bitcoin is not centralized electronic currency, it is a decentralized digital currency. Where did you see such wrong information that bitcoin is a centralized currency?

Bitcoin is possible in physical form like Casascius Bitcoin which contains the private key of an amount of bitcoin but government will not make such project to move forward.

[Churchillvv]

Practically it's never possible.

A lot of people have imagined this but at the end they have realised that bitcoin can never be in a physical format, it's a digital currency.
One of the reasons why bitcoin can't be in a physical format is the fact that it cannot be used to purchase some goods and services that are below a dollar or those goods that cost a cent plus.

The only physical bitcoin in the world is not necessarily bitcoin but a physical structure that was created and a private key to a wallet is encoded on it, so the value attached to it is only for the asset in the wallet.

Since it's not possible for bitcoin to be in a note or physical format then the image to be drawn on each note is not necessarily to be imagined.

Edit: Additionally, bitcoin is 21 million limited in total and it can not be enough to handle a nations transactions, we all know how fiat is being printed frequently and bitcoin cannot be printed as fiat, I don't even think the 21 million bitcoin would be enough to handle a countries transactions not even the whole world.

[Ethan151]

Bitcoin is not centralized electronic currency, it is a decentralized digital currency. Where did you see such wrong information that bitcoin is a centralized currency?

Bitcoin is possible in physical form like Casascius Bitcoin which contains the private key of an amount of bitcoin but government will not make such project to move forward.

Its a mistake from the typo and thanks for the correction

[SatoPrincess]

Bitcoin is a centralized electronic currency that is accepted on practically every continent in the world.

Bitcoin is a decentralized currency, that’s one of the main reasons why bitcoin is so popular. Your fundamental understanding of bitcoin is wrong. I think you should read the bitcoin whitepaper. After reading this, I’m sure you will understand why there is no need for bitcoin be in cash form.

[un_rank]

Quite simply, we do not need a bitcoin physical note. There are representations of UTXOs and addresses as well as collectibles but nothing that is widely adopted or used. Bitcoin does not need a physical note, those asking are trying to make it look like something familiar to them: cash. But it is far more efficient and useful than that.

If you want a bitcoin note, get one, but do not expect it to go mainstream.

One of the reasons why bitcoin can't be in a physical format is the fact that it cannot be used to purchase some goods and services that are below a dollar or those goods that cost a cent plus.

Lightning network makes that possible.

- Jay -

[Kelward]

Bitcoin is not centralized electronic currency, it is a decentralized digital currency. Where did you see such wrong information that bitcoin is a centralized currency?

Bitcoin is possible in physical form like Casascius Bitcoin which contains the private key of an amount of bitcoin but government will not make such project to move forward.

Thanks for correcting the OP, Bitcoin is a decentralized digital currency, that is not owned by any country, and it doesn't have any central office, if it becomes a physical currency, then the purpose of it's creation, would be defeated. If Bitcoin becomes a physical currency or cash, then it must submit to a central bank that will regulate it's printing, meaning that it'll them become centralized and that privacy that comes with holding it will not be possible again. I think that Bitcoin is better off being a digital cash than a physical one, the only thing that we need is massive adoption, so we can carry out transactions anywhere in the world.

[Amphenomenon]

Just as stated before Casascius bitcoin is similar, though is no longer being produced but they may be still be available for purchase, though its been long I saw a thread about someone selling here Selling a Casascius Bitcoin

Bitcoin is a centralized electronic currency that is accepted on practically every continent in the world.

Bitcoin is a decentralized currency, that’s one of the main reasons why bitcoin is so popular. Your fundamental understanding of bitcoin is wrong. I think you should read the bitcoin whitepaper. After reading this, I’m sure you will understand why there is no need for bitcoin be in cash form.

Op already corrected his mistake here. I guess you were affected by network issue to see this earlier.

[tabas]

There is no need for that although we've got the collectibles section where you'd see those notes or actual coins that are preloaded with BTC. Getting a Bitcoin note is just embedding a private key or seed there and you'll still need to use a device for you to input it and then load the wallet. We've got wallets already and as simple as scanning qr codes will save our time. But if for collection purposes, they're actually good and that's why the forum is the best place to have that kind of deal if you ever plan to have one.

[Helena Yu]

Let's imagine if someone create many physical coins and each coin funded 0.0005 BTC, currently 0.0005 BTC worth $33, so you can trade something that worth for $33 with your physical coin. But this raise a concern since every address you created in that physical coins, you already know the seed phrase or private key... and the receiver can't verify how safe is the address.

So having physical coins will ruin the security.

[Filippo Spina]

The bitcoin paper wallet project comes to mind.

I think something happened to it but my memory is faulty on that one?

Anyhow, I feel that a bitcoin notes are definitely something we might see in our future, but to onboard older people. Older people today, and maybe even 20 years from now, still might like using paper because of the way it feels, the way you can count it with your bare hands, etc. Digitally native people that are born today look at fiat and laugh, they think it's stupid because of tap to pay with their phones lmfao.

[Skfox]

Bitcoin is not centralized electronic currency, it is a decentralized digital currency. Where did you see such wrong information that bitcoin is a centralized currency?

Bitcoin is possible in physical form like Casascius Bitcoin which contains the private key of an amount of bitcoin but government will not make such project to move forward.

Thanks for correcting the OP, Bitcoin is a decentralized digital currency, that is not owned by any country, and it doesn't have any central office, if it becomes a physical currency, then the purpose of it's creation, would be defeated. If Bitcoin becomes a physical currency or cash, then it must submit to a central bank that will regulate it's printing, meaning that it'll them become centralized and that privacy that comes with holding it will not be possible again. I think that Bitcoin is better off being a digital cash than a physical one, the only thing that we need is massive adoption, so we can carry out transactions anywhere in the world.

I will agree with you, in as much as bitcoin have the potential of being a main currency or note for transactions, the reflection of it's decentralized nature can give us another thought. For bitcoin to be a hard currency, certain process needs to be considered. It will be controlled by central banks and government, it must be generally accepted worldwide, bitcoin price will be stable due to high rate of adoption etc.

All we need is to know more about bitcoin, knowing how well to use it easily and also create awareness in educating others with insufficient knowledge about bitcoine.
One uniqueness of bitcoin is it's decentralized nature so making it a hard currency will rather ruin bitcoin, It is better off a digital cash.

[dkbit98]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

There are several projects who already created Bitcoin notes with interesting designs, but they are mostly used as collectible items.
Someone could always create fake bitcoin paper notes and scam people, same way like we have fake fiat currency notes all the time.
Another alternative is to use something like Satodime cards from Satochip, they are open source, and you can easily preload them with any amount of coins and use them as offline payment.
You can also print your own design or buy blank cards and load code from Satochip.

Here is one of Satochip special halving edition cards that are now sold out:

   

https://satochip.io/

[Felicity_Tide]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

There are several projects who already created Bitcoin notes with interesting designs, but they are mostly used as collectible items.
Someone could always create fake bitcoin paper notes and scam people, same way like we have fake fiat currency notes all the time.
Another alternative is to use something like Satodime cards from Satochip, they are open source, and you can easily preload them with any amount of coins and use them as offline payment.
You can also print your own design or buy blank cards and load code from Satochip.

Here is one of Satochip special halving edition cards that are now sold out:

Not sure of how successful Bitcoin note project can be, since Satoshi's idea was something far from the fiat currency note. The very moment we start to have counterfeit in relation to Bitcoin due to the implementation of Bitcoin note, then Bitcoin won't give us that true value it was designed for in the first place.

I am quite familiar with Casascius Bitcoin and not the satochip. But since the both of them still observe the protocols of Bitcoin, then they are worth using for very small transactions. For the satochip, it would make more sense to load it with a Bitcoin whenever necessary. I think I buy the idea of these two instead.

[Mia Chloe]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

Firstly Op I think this post is one for Bitcoin discussion board and not beginners and help so I suggest you kindly move it.
Anyways Bitcoin is fully digital and also decentralized now if you think about it we are actually headed towards a digital future which we are already in fact stepping into already. Bitcoin is more like a definition of how an independent and decentralized dynamic digital banking system should be.

The main reason your reason would be difficult is because of the fact that since Bitcoin has Been soo progressive over the years, just like dkbit98 mentioned, physical items related to it will definitely be regarded as collectibles.

[EL MOHA]

Firstly Op I think this post is one for Bitcoin discussion board and not beginners and help so I suggest you kindly move it.
Anyways Bitcoin is fully digital and also decentralized now if you think about it we are actually headed towards a digital future which we are already in fact stepping into already. Bitcoin is more like a definition of how an independent and decentralized dynamic digital banking system should be.

The main reason your reason would be difficult is because of the fact that since Bitcoin has Been soo progressive over the years, just like dkbit98 mentioned, physical items related to it will definitely be regarded as collectibles.

Exactly a physical printing of bitcoin will definitely kill off most of the benefits or advantages that people have for this bitcoin. First thing is who print bitcoin? The organization that print or Mint this note will then be the central authority of the coin and choose when to print more or reduce it,
So it kills decentralization.

Another is the status as an hedge against inflation will be ruin because the more they print more bitcoin there won’t be any limited supply and also inflation might kick in.

Also the money normally used for printing any coin or currency is usually huge which is why most countries self are hoping out of the physical cash policy to cashless policy because of the cost effectiveness of it

[Stalker22]

One of the main reasons Bitcoin even exists is because it was designed and built to be a digital alternative to physical cash. It would not make sense to regress and go back to create a clunky, dying physical version from a digital source.

[Queentoshi]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

Think ahead, not behind.

Bitcoin to physical paper cash or even metallic coin will never happen, who is going to be in charge of its production and distribution?

The Only advancement for Bitcoin is to progress further into the digital world.

[PX-Z]

The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world,

As cash? Who gives value in it? Even if you engrave private key on that note that won't be called as cash and it doesn't make any sense.

and I wonder who face would have been drawn to it?

Is this really necessary.

Search "physical bitcoin", some are made from gold, silver, copper... With a form of a coin, bar, some have precious stones in it.. And those are valuable even just the metal itself, but you can't call it as "cash" or any form, those are collectibles and the value increases overtime. Why i mentioned this? That's how you will see what is a physical bitcoin but not in a form of cash.

[Mr.right85]

Consider having bitcoin as hard currency for transactions or the purchase of commodities. Bitcoin is a decentralized electronic currency that is accepted on practically every continent in the world. The bitcoin note is going to be the most elegant and simple-to-identify physical cash in the world, and I wonder who face would have been drawn to it?

I think this would be by some means to ignore the technology and all that it stands for. How can you even hope to archive decentralization if there would be a body or group of persons that would be in charge of printing these notes.

If I may, what then would be the meaning of Bitcoin? Bitcoin would directly seize to have any meaning if there were to be any note attached to it. It’s a p2p digital currency. You can’t be talking about digital and your talking about having a paper print of Bitcoin. It just doesn’t go and can’t go. The best you could do is fancy yourself with collectibles and that’s about it.

Bitcoin is just okay as it is, no need having lots of fancy about what could be and should be.