Post
Topic
Board Nigeria (Naija)
Re: What if the Bitcoin was in note?
by
DaveNeck
on 10/03/2024, 10:13:33 UTC
In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

If Bitcoin was a physical note, it would definitely change the way people think about and use it. It would be much easier to carry around and exchange, and it might even gain more mainstream acceptance. However, it would also lose some of the unique features that make Bitcoin so special, like its decentralization and immutability. I think it's an interesting thought experiment, but I'm not sure if it would be better for Bitcoin in the long run.
I think the main appeal of Bitcoin is its ability to operate outside of traditional financial systems, and I think making it a physical note would make it less unique and revolutionary. Still, it's always fun to think about what could be if things were different.  I wouldn't even appreciate it were in a note because this uniqueness of it comes from the peculiarity of it so I don't  think it would be better of in note