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  4. 'Power in numbers'

'Power in numbers'

Scheduled Pinned Locked Moved The Back Room
comlearning
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  • L Offline
    L Offline
    Lost User
    wrote on last edited by
    #1

    A physical bitcoin[^]. Looks cool :cool: Is cool, of course, since it's a currency that governments can't print :)

    Bastard Programmer from Hell :suss:

    L Richard Andrew x64R OriginalGriffO 3 Replies Last reply
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    • L Lost User

      A physical bitcoin[^]. Looks cool :cool: Is cool, of course, since it's a currency that governments can't print :)

      Bastard Programmer from Hell :suss:

      L Offline
      L Offline
      Lost User
      wrote on last edited by
      #2

      But if you spend it (digitally), doesn't the coin itself become useless?

      L 1 Reply Last reply
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      • L Lost User

        But if you spend it (digitally), doesn't the coin itself become useless?

        L Offline
        L Offline
        Lost User
        wrote on last edited by
        #3

        The B25 coin would be rechargeable, the B1 coin a spend-once item. ..think of it as a 25$ note and a $1 note, or a rewriteable USB-stick and a readonly one. It makes the bitcoin tangible. It's not a coin until I see a coin, so to me it just became a currency. I mean, it's got real coins that I can put in my mattress :-D

        Bastard Programmer from Hell :suss:

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        • L Lost User

          A physical bitcoin[^]. Looks cool :cool: Is cool, of course, since it's a currency that governments can't print :)

          Bastard Programmer from Hell :suss:

          Richard Andrew x64R Offline
          Richard Andrew x64R Offline
          Richard Andrew x64
          wrote on last edited by
          #4

          I think the idea is wonderful. Being able to transact in a currency without any need for a middleman. I just wish I could understand how Bitcoins work. :doh:

          The difficult we do right away... ...the impossible takes slightly longer.

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          • L Lost User

            A physical bitcoin[^]. Looks cool :cool: Is cool, of course, since it's a currency that governments can't print :)

            Bastard Programmer from Hell :suss:

            OriginalGriffO Offline
            OriginalGriffO Offline
            OriginalGriff
            wrote on last edited by
            #5

            I does indeed look cool. But since I have never seen anywhere (physical or virtual) that accepts them, I don't think they will become a part of my life in the way Paypal has any time soon. I also am not sure I like the "precharge" idea; and what if I want to spend more than B25? Do I have to enter a whole bunch of id numbers for different coins?

            Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water

            "I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
            "Common sense is so rare these days, it should be classified as a super power" - Random T-shirt

            L 1 Reply Last reply
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            • OriginalGriffO OriginalGriff

              I does indeed look cool. But since I have never seen anywhere (physical or virtual) that accepts them, I don't think they will become a part of my life in the way Paypal has any time soon. I also am not sure I like the "precharge" idea; and what if I want to spend more than B25? Do I have to enter a whole bunch of id numbers for different coins?

              Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water

              L Offline
              L Offline
              Lost User
              wrote on last edited by
              #6

              OriginalGriff wrote:

              But since I have never seen anywhere (physical or virtual) that accepts them, I don't think they will become a part of my life in the way Paypal has any time soon.

              I doubt that it would be called legal tender soon, and I don't see parking-ticket-vending-machines accept those and return a few bitpennies change in the near future.

              OriginalGriff wrote:

              I also am not sure I like the "precharge" idea; and what if I want to spend more than B25? Do I have to enter a whole bunch of id numbers for different coins?

              If you intend to spend them physically (assuming one finds someone who accepts the trade), then 25 B1 coins would sound more appropriate. The B25 screams "purse", since it's not a wallet - it doesn't fold.

              Bastard Programmer from Hell :suss:

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