Will Switzerland produce bitcoin?

[Lubruselu 2803]

What's do you predict about the future of bitcoin! Will Switzerland get the order to produce the physical bitcoin coins?.

And if this is really will happen which kind of bitcoin you'll be most likely, physical or online coins?.

And what's do you think will this affect the bitcoin price to drop because of increased of totally supply!.

 

[Mursanna 211]

I think bitcoin will never be physical. It will only circulate online as it is now. If you want to make physical bitcoin, then there must be permission from Sathosi.

[ASDFGHJKL17 267]

Hmm, fpr me i think it's a yes, specially if they will know how bitcoin helps us a lot, maybe they should look for the brighter side of bitcoin. 

[sdsonjoy50 886]

A lot of things may come up even in the days ahead, but physical Bitcoin may come, but I think Bitcoin is good online and there are benefits for us to do transactions online.

[BitMart 326]

This will never happen because bitcoin never been physical and no country can produce this because this could be more problem for both producer and buyer in many cases we know total bitcoins are 21 millions and they cannot increase.

[Migo 7946]

In my opinion if Switzerland produced a touchable bitcoin I can say that I prefer this one more than the online, not just me but every bitcoin earner will prefer that to avoid scam, because bitcoin in your packet is too much different from online wallets 

[fuer44 1083]

in the future it might happen. but not in the name of the country in my opinion, but an official team formed in that country that will announce new coins. and the government I think does not need to think about the rules there.

[khan22 3478]

I don,t think so that this is possible because still just switzerland will just allow the BTC not they said to produce the BTC but may be in future they do it. In crypto we need some specific coins not so much in the market but peoples will trying to generate more and more coins and like this no one can know which new coins is real or fake.

[kyoukage01 3181]

On 12/6/2019 at 5:48 PM, Wish107.5 said:

Bitcoin is not produced by country. You can produce bitcoin thru mining,  and physical bitcoin are no value unless if you put bitcoin private key and address on that physical coins.

7 hours ago, Naga said:

What are you on about bro? There is no such thing as physical bitxoin because bitxoin is all codes and you cant print out codes and use ir like the dollar. I also haven't heard about any news from Switzerland doing any of the things you say.

 

It can be done. Physical Bitcoin coins will most likely work like representative money of old times.

 

https://en.wikipedia.org/wiki/Representative_money

 

For example, say the Swiss government has around 10,000 Bitcoins (the digital ones, of course) in possession. They will then mint physical Bitcoins at different denominations, maybe 1 BTCs, maybe 1000 satoshis. But the total supply of coins they produce must not exceed the 10,000 digital ones they currently possess. Those physical coins they produced can now be used just like any other commodities. As for the actual Bitcoins, they are of course contained in a cold wallet and locked and secured in a safe place.

 

As for the news itself, I haven't heard anything either. But that does not stop Switzerland, or any other country, from trying anyway. Or maybe they did already.

 

Edited December 7, 2019 by kyoukage01

[Lubruselu 2803]

3 hours ago, Naga said:

What are you on about bro? There is no such thing as physical bitxoin because bitxoin is all codes and you cant print out codes and use ir like the dollar. I also haven't heard about any news from Switzerland doing any of the things you say.

You don't understanding me! I don't mean that's Switzerland have a plan to make bitcoin coins. But this is only discussion about what's will be happen if Switzerland will have the order to makes bitcoin as they making others fiat currencies

[Sumayya 493]

Only if that is possible, what will be the value of a physical Bitcoin coin, it will not be used by the community

[febriyana 934]

I don't get the idea why Switzerland create physical Bitcoin. If they create it, i think hard to think how they handle the transaction, because every physical coin have value based fiat. How if people just make fake physical coin? And how they calculate satoshi. My brain have many big question. I just prefer Bitcoin with online. So that is Bitcoin have unique and also have open transaction in blockchain.

[Thekingcallme 1975]

Switzerland is the largest center for storing money in the world because it has an open source and also provides protection for your money
I think it will do so in the future

[bentayebsalah 2280]

Bitcoin cannot be tangible and anyone who says that is trying to defraud you or deceive you and bitcoin if it is supported by a country and its price will rise

[Zzoro6110 19]

Swiss banks can support Bitcoin but they cannot make it tangible because it is considered an encrypted and intangible currency

[Delgboke 2480]

For the sake of safety of life's of many people am suggesting and predicting that Bitcoin will not be printed as paper money it can only be exchange online to any fiat currency of your choice for your use. 

[fo1lluko1l 487]

I think that it is complete nonsense to make physical coins for the very first cryptocurrency , I will only use the online version.

[Tarek54 51]

Switzerland is a develop country. If Switzerland will produce bitcoin it can be the great success of bitcoin. Everybody know that this countries financial condition is very good. So it can affect this country's financial condition.

[bliznec 22268]

Swiss banks are famous for their popularity and the use of cryptocurrency, this does very well. It will be good. 

[teminalibug 309]

On 12/7/2019 at 11:28 AM, hmind said:

Like there won't be a physical form of bincoin.  If only it would be difficult to accept bitcoin in physical form even if it is only in a limited range. So the problem of Switzerland will issue bitcoin, it's still far. In my opinion because bitcoin is still in terms of maturity at this time.

Even if bitcoin is completely mature making it physical will not be an option, because physical coins are easily banned.

[Akbor 1042]

Bitcoin production is not possible by any country and it will not be a physical currency I think. bitcoin can be made by doing mining. bitcoin is created after a successful transaction.

[Sohel Rana 406]

I think in future many country stop physical currency and make digital currency or cryptocurrency. 

That's why it’s possible Switzerland produce bitcoin. 

If many country make crypto or products with bitcoin then bitcoin price will be high rate.     

[patitaycute 648]

Bitcoin is a digital currency it really hard to imagine that Bitcoin will be a physical coin. The adoptation of Switzerland will increase the demands in the market that obviously affect the value of Bitcoin.

[Benjamin 84]

Well, they cannot produce some physical bitcoin because that is not appropriate this time, they can just adopt it and used it to their country in terms of payments and transactions, this is a good step for them because they will helped them in terms of money.

[Javed1005 10]

Sir Bitcoin is not physically type physically type is sathosi.

Physically Bitcoin not used.