I just made a "real" bitcoin. They'll eventually be made of real metal instead of glass epoxy + copper once I have better tools.The post receives positive responses with many suggestions, including one from Caldwell.
The point would be making BTC conveniently tradeable, like cash. It lowers the minimum required IQ to participate in the Bitcoin economy, which would really help Bitcoin be accepted as mainstream currency.His first idea was to load bitcoin onto a "pre-denominated smart card". Reaction to the idea is mixed. Member Mike Hearn quickly questions the usefulness of a physical card when the balance could only ever be verified by a computer connected to a network:
... it's very easy for you to pay me with a used up card. I would then pass it on (why redeem it, it's cash!) and it'd pass between people until one day somebody wanted to send the cash electronically. Only then would they discover the card had already been redeemed and was useless.June 24, 2011
I can't even begin to understand how you could think that this would be a viable business.August 15, 2011
Each coin has a private key embedded inside worth 1 BTC, covered by a custom Casascius hologram. ... Diameter: 1.125 inches. Material: brass. Price subject to revision with Bitcoin price fluctuations. The back side is flat for the hologram, except for a small circular well which holds the private key. The first 8 characters of the public Bitcoin address are visible on the outside, pre-printed on the hologram by the hologram manufacturer.Reactions range from offers to buy to questions about long-term viability. The same day, member spiccioli points out that the Latin inscription on the front side, "VIRES IN NUMERIS", should have read "vis in numeris".
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