Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?
Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media.
Share your thoughts please.
They shouldnt. Numismatics anyway have a lot of fiat coins to collect. If they want to branch out, they can collect physical bitcoins as well. If coins decrease in circulation because of adoption of cryptocurrencies, then their collections will become more valuable.
Casascius physical bitcoins is normally not dated, so they will have to change the design to add a date and these coins are just a fake representation of the real currency. If you add a paper wallet with a hologram and some bitcoins, then these coins will increase in value, if the private key is not exposed.
Yes, digital currencies will increase the value of old fiat currencies, but some collectors also buy uncirculated new coins that are minted, because they are more valuable than circulated currencies.