Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin were a physical currency.
by
Hyphen(-)
on 23/10/2023, 07:35:31 UTC
I'm new here and don't know much about bitcointalk forums. But I thought about Bitcoin for a while. At one point I wondered what it would be like if Bitcoin was a physical currency instead of a digital currency. It would not have gained so much popularity, and its price would not have increased so much. If it were a physical currency, it would be very difficult to buy, how would you buy? And had to go to different stores to sell or buy. How difficult it would have been then. Are you thinking about this?
If Bitcoin were a physical currency, the primary aim of creating it would have been defeated because it was created as an alternative currency to fiat currency and to give us financial freedom through its properties, which include privacy, anonymity, the ability to hold Bitcoin without any other third party being involved in your transaction, and also the ability to be your own bank by keeping your Bitcoin in a wallet that you control yourself.
 
If Bitcoin were a physical currency, its value would not have gone this far, and just the way people do fake currencies and gold, there will be fake Bitcoins, which is not proper, and moreover, if it were a physical currency, the government would be in control of its circulation and also its value.