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?
It does not make sense because the selling point of Bitcoin's innovation is its efficiency that is at par with times. If you turn Bitcoin into paper money, what then is the essence of Bitcoin? Isn't it we want it because there is no more need for us to carry a huge amount of money wherever we go to pay bills, travel, and etc.? We need not ask for change when we exact payments? We need not worry of thieves going after us since we have a huge amount with us? That is the spirit behind Bitcoin. The reason cryptos are around because there is a belief that time will come all transactions will be paperless. Thus, your imagination is beyond reason I cannot help but get disappointed.