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 Replies: 12 / Views: 1,539 |
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Pillar of the Community
United States
513 Posts |
Does anybody actually collect bitcoins? Are there varieties, etc.? There's quite the empire-building going on with patenting around the bitcoin phenomenon. Dunno if this relates to the physical embodiment of the coin/token/whatever. http://www.reuters.com/article/us-b...dUSKCN0Z61GM |
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Pillar of the Community
Canada
1747 Posts |
there is no physical bitcoin, they are all electronic. anything that has been made is not a real bitcoin
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Moderator
 United States
188213 Posts |
 There are only tokens or rounds selling on the catchy name. |
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Moderator
United States
34407 Posts |
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Edited by Spence
09/16/2016 9:28 pm
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Pillar of the Community
 United States
4591 Posts |
There are tokens/medals that have QR codes, but the bitcoin is the electronic code and the physical token is just a token.
There are tokens/medals that have the bitcoin SYMBOL on them. They may be made of a precious metal and so have an intrinsic value, but that's not tied to the value of a bitcoin.
If you put the two together - precious metal and electronic code, there's still no tie - the value is the sum of the values (zero if the electronic value has been transferred).
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
94367 Posts |
Correct and well-explained.
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Moderator
United States
34407 Posts |
@bstrauss3, thanks for clarifying this!
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Moderator
United States
188213 Posts |
The whole point of the bitcoin is to not have a physical commodity tied to it. These tokens are taking advantage of most people not understanding that.
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Moderator
Australia
16826 Posts |
These "tokens" are taking advantage of the curious overlap that exists between the "only-gold-is-money doomsday-prepper" culture and the "don't-trust-the-government only-internet-money-is-truly-free" culture. People who live in that overlap seem to be unaware that, if doomsday happens, the Internet is going down, and their internet money will evaporate. On that (hypothetical) day, the people who paid ten times the bullion value for a "bitcoin coin" will be wishing they'd bought ten ordinary bullion rounds with their money instead.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
4591 Posts |
The blockchain is totally dependent on three things...
People willing to mine (to record transactions)
Electricity to run the miners
Communications to share the results
Ancient question updated for 21C: What if you mined a block in isolation and nobody knows...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
6130 Posts |
Yeesh, no thanks. First off, 1 bitcoin is currently over $600, so the "1 bitcoin" rounds that cost any less than that are pure baloney.
As for the ones that come preloaded with a bitcoin... how exactly are you supposed to use it?
If I wanted pretend money, I'd just stick to the Lundy Puffin, which actually has numismatic value.
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Moderator
United States
188213 Posts |
Quote:
Ancient question updated for 21C: What if you mined a block in isolation and nobody knows... Nice.  |
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Replies: 12 / Views: 1,539 |
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Posted 09/16/2016 5:13 pm
