2014-07-21 Forbes - Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold

[TheIrishman]

Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

<< A post published on 8btc.com, a Chinese Bitcoin news portal, shows photos of some gorgeous looking gold coins that also contain information entitling the bearer to one Bitcoin for each physical coin. >>

[Chef Ramsay]

I imagine that if these are limited edition coins then the collector's value will go a long way to maintaining value in the event that BTC price far outpaces that of gold yet the last owner already ripped the private keys and/or spent the BTC leaving just the ounce of gold left.

[internetional]

I really liked the phrase "Gold-Backed Physical Bitcoin" engraved on the coins. It reminds me of the times when everyone kept asking: "What is Bitcoin backed by?"

It turned out to be a great joke. Perfect for answering someone from 2014 today: "Someone tried fivefold 'backing', but that backing ended up losing value by hundreds of times, even though it was gold."

[cr1776]

I really liked the phrase "Gold-Backed Physical Bitcoin" engraved on the coins. It reminds me of the times when everyone kept asking: "What is Bitcoin backed by?"

It turned out to be a great joke. Perfect for answering someone from 2014 today: "Someone tried fivefold 'backing', but that backing ended up losing value by hundreds of times, even though it was gold."

The gold has increased in value, but "only" maybe 4-5 times whereas the bitcoin has increased by value around 300 times.  :-)

[goldphysicalbitcoin]

Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

<< A post published on 8btc.com, a Chinese Bitcoin news portal, shows photos of some gorgeous looking gold coins that also contain information entitling the bearer to one Bitcoin for each physical coin. >>

Hi bro, how are you? 12 years later, I've created a website for this Bitcoin meme: https://goldphysicalbitcoin.com. Feel free to point out any errors.