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?
theres no need spending time and effort creating the paper money,since bitcoin is convertible into physical money..so youre question is will it make sense?no actually it's nonsense,the next time some idea crosses your mind.make sure your mind working before putting this nonsense post lol.
If that will happen then bitcoin will no longer be different from the traditional fiat currency. It will not be a cryptocurrency anymore. Bitcoin's sytem is different from fiat money in some ways. It a currency on the Internet uncontrolled by a sole authority. It's sytem is what makes it advantageous over fiat currency.