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Author Topic: why is physical Bitcoin is not issued ?  (Read 5109 times)

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Re: why is physical Bitcoin is not issued ?
« Reply #15 on: August 05, 2020, 09:33:59 AM »
Bitcoin has already been issued by Hong Kong-based Tangem as separate cards in 0.001, 0.005 and 0.01 bitcoin denominations. The owners of the bitcoins were this firm, and the cards gave the right to their ownership. However, for a long time, this experiment has not been heard. Cryptocurrency continues to evolve and in the future it may still be.
Even the issued ones need to be use electronically, there isn't away bitcoin can be issue physically aside from that. We have seen the wide adoption of bitcoin and crypto Automated Teller Machines (ATMs) where everyone can buy and sell bitcoin using these cards.
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Re: why is physical Bitcoin is not issued ?
« Reply #15 on: August 05, 2020, 09:33:59 AM »

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Re: why is physical Bitcoin is not issued ?
« Reply #16 on: August 05, 2020, 04:59:25 PM »
You can create physical bitcoin. However, he will then lose a number of his new useful qualities, for which he was created. Therefore, I believe that we simply do not need physical bitcoin.

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Re: why is physical Bitcoin is not issued ?
« Reply #17 on: August 05, 2020, 06:16:25 PM »
I don't think if that is good idea to make physical bitcoin unless if that bitcoin is made of gold then it has a value but I think it will not the same price as virtual bitcoin, they are different prices between physical and virtual..

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Re: why is physical Bitcoin is not issued ?
« Reply #18 on: August 08, 2020, 08:07:23 AM »
Bitcoin is a virtual currency that can not be physical touch nor seen. It can only be mineable.
Considering how cryptocurrencies work, many people are attracted to bitcoin mining, but not everyone understands what it simply means and how it allows you to make money. In fact, first of all, the miners provide the vital operation of the entire system and also issue currency

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Re: why is physical Bitcoin is not issued ?
« Reply #19 on: August 08, 2020, 01:06:32 PM »
It has no sense to me, how could we issue a physical Bitcoin when it only exists in the virtual world or the Internet and if we try to issue a physical Bitcoin it might be resulting into many problems like how we store it, how it was going to be made and how it was going to distribute because the Bitcoin users are scattered all over the world. problems like that will surely occur if we try to distribute BTC physically thats its better to stay Bitcoin that way it was created.

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Re: why is physical Bitcoin is not issued ?
« Reply #20 on: August 08, 2020, 01:29:36 PM »
What most people don't know is that bitcoin has no physical form. Because bitcoin is an online currency. It was created by focusing on software. As a result of the popularity of this currency, its price is in good place. There are a lot of trade transactions going on all the time. So bitcoin is the best currency. But I don't think its physical beauty or form will become a reality. Because it will remain online currency. Bitcoin transactions are increasing day by day.
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Re: why is physical Bitcoin is not issued ?
« Reply #21 on: August 08, 2020, 03:24:18 PM »
The name is also digital currency, if it exists in physical form, it means that it is not digital. Bitcoin is popular because of its uniqueness, if someone asks about the physical form of Bitcoin then tell that person to learn about Bitcoin and Cryptocurrency, so they understand about Bitcoin.
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Re: why is physical Bitcoin is not issued ?
« Reply #21 on: August 08, 2020, 03:24:18 PM »


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Re: why is physical Bitcoin is not issued ?
« Reply #22 on: August 12, 2020, 10:50:58 PM »
Bitcoin is an online currency. Bitcoin is not seen physically. However, we can see its reflection on the internet. bitcoin governs the entire crypto world. So this online currency is very important.
Physical bitcoin can be created, but it is not necessary. Bitcoin was conceived as a digital currency that could be transacted without a third party. Why would the light and invisible bitcoin be put into physical form so that it loses its advantages?

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Re: why is physical Bitcoin is not issued ?
« Reply #23 on: August 12, 2020, 11:20:38 PM »
It's a wrong question to ask buddy, you can't make it " physically issued " since it's software based in the first place.
Unless they invent some sort of offline bitcoin that can be stored offline in some portable cold wallet, it can be " physically issued ".
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Re: why is physical Bitcoin is not issued ?
« Reply #24 on: August 13, 2020, 11:59:46 AM »
I think it is a kind of foolishness when there will be a physical bitcoin as we all know in the first bitcoin is driven by a purpose of digital decentralized system.

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Re: why is physical Bitcoin is not issued ?
« Reply #25 on: August 13, 2020, 01:42:46 PM »
In my view, its not necessary at all and non-feasible. Bitcoin is a product of cryptographic calculations, so being physical does not contribute any use cases.

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Re: why is physical Bitcoin is not issued ?
« Reply #26 on: August 14, 2020, 11:42:04 PM »
It is difficult to create that because physical Bitcoin cannot be broken apart from existing decimals.
Suppose 1 physical gold for 1 Bitcoin.
If we want 0.5 Bitcoin, the form of gold cannot be split because of limited tools, forms, etc.

That's because 0.1 or 0.5 Bitcoin was designed using only computer algorithms.
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Re: why is physical Bitcoin is not issued ?
« Reply #27 on: August 15, 2020, 04:40:28 AM »
How can it be issued when it is regarded as digital currency, which means it can have a physical coin, besides how do you create physical coin for the entire little sats of btc? That is not possible,  can you even imagine holding one btc in your physical wallet that cost this much?

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Re: why is physical Bitcoin is not issued ?
« Reply #28 on: August 15, 2020, 06:23:35 AM »
Physical bitcoin can be created and such attempts have already been made before. However, they were not crowned with success, as Bitcoin loses its natural advantages. Bitcoin is important precisely as a virtual digital currency; the physical shell makes it slow and creates additional difficulties and restrictions. Therefore, physical bitcoin is unlikely to exist.

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Re: why is physical Bitcoin is not issued ?
« Reply #29 on: August 15, 2020, 06:32:24 AM »
If this is the case with Wikipedia, this is not the case. A cryptocurrency can be used to indicate the value of a cryptocurrency. Wikipedia will never be physical, it will always be in and only law.
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