Post
Topic
Board Bitcoin Discussion
Re: What a physical Bitcoin could look like?
by
BitDane
on 26/04/2023, 22:52:40 UTC
What are your thoughts on what a physical Bitcoin could look like and an idea on how it would work?

I have no idea except the logo being printed loaded with BTC in it.  I do not think we can represent Bitcoin in physical form.  It is a virtual currency, anything physical is not Bitcoin but just some printout loaded with Bitcoin.  If you create any physical coins and say it is Bitcoin is stupid thing IMO.  And if they made Bitcoin to physical will defeat the purpose of why Bitcoin is created.  You cannot instantly move physical object across the border, do you?  So why bother creating physical Bitcoin when we already have fiat currency for it?

Using 3-D printers to manufacture physical Bitcoins with private keys that can be used to redeem their BTC online could be a reasonable solution. Given that many people like to see their assets in what we call cash, the desire for digital currencies to be produced like traditional fiats is growing.

It is proven  a failed thing.  The creator of the coin can scam people by retrieving the BTC on the coin after he sold it to the client.  It was a hot topic recently so I do not think that the said process could be a reasonable solution.