Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Will it make sense if someone turned bitcoin into paper money?
by
Carlsen
on 25/02/2018, 09:30:47 UTC
⭐ Merited by mocacinno (1)
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today?  I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
If you mean to print a wallet and the keys to it on a piece of paper and use that as payment like a dollar note, that will not work.
The bitcoins are still on the blockchain and everybody who gets that piece of paper will have all access date to remove them to a different address.
Very soon the coins will not be anymore on the address shown on the paper, so the paper note becomes worthless.