Post
Topic
Board Economics
Re: Paper bitcoins. Is it worth it?
by
Factmine
on 11/12/2016, 14:51:59 UTC
Why would you use Bitcoin offline, dude? Just reach in your pocket and get out paper fiat or your credit card. I think you are trying way too hard here. Plus the banks will have fees in place to process your Bitcoin 'cheques'. You want to feed the poor old banks I see?

Like I said, overly complicated and inconvenient.

P.S. please add punctuation to your posts because it's customary.

Or, why not take out your phones and send the bitcoin over their own bitcoin apps.

But I think there is a plausible use for an offline bitcoin vessel such as paper bitcoins. But if it is similar to those funded collectible bitcoin coins then how will a paper bitcoin hide the private key. Maybe those collectibles are more useful than these papers. A funded bitcoin physical coin might be better. Also, this way, the banks that will issue it will not issue more than what they have in their wallets. The problem is that how will we protect against the ones producing the privates keys of these physical coins from stealing or storing it somewhere after issuing those coins.