I was just reading about how frustrated someone was about in person restaurants/stores that don't accept cash.
While not about the cash, this resonated with me because of how much I hate QR menus.
I came to a restaurant for a physical, real life experience, so why aren't we embracing that? For the sake of printer ink savings??
I know Bitcoin can be stored in all kinds of various physical devices, but how practical do you see this form of transacting Bitcoin being in the long run?
Projects like the Bolt Card are working on this, but it still requires a traditional POS, unlike physical cash.
Are there better ways to make Bitcoin more cash-like, psychically speaking?
Could we store Bitcoin in paper cash? Or will it just be cash that we spend physically until mobile devices are more widespread globally?
Would ~ half of the world benefit from something like this? Or will we all just end up paying with our devices via LN? (and eventually our neuralink chips of course)
We make bitcoin more physical by in person engagement and fellowship. Be a physical social node and connect with other nodes. Help spin sup new nodes.
Dude... sats card from coinkite. Affordable, great form factor. I've been playing around with them lately. It's essentially an NFC-enabled hardware wallet that you use as cash because the private key can't be read without causing a physical change on the memory slot that can be detected by the app, so the receiver is reasonably sure that you don't have a backup.
I had a post about this recently with some helpful comments.
satscard.com
They have some very cool designs but if you want to keep costs down the simplest one is $7
You're basically trying to figure out how to make a secret into something physical. Sure you can pass a plate with the secret written on it, but how do you know that the secret has been kept secret since its been passed around?
Someone tried to solve this using a multi-sig scheme, but it required trust from the issuer which is the exact problem we're trying to get away from here.
Yes we can solve this, for example, there is irreversible photochromic ink. Irreversible photochromic ink is a type of ink that changes color when exposed to UV light, but the color change is permanent and cannot be reversed, this can be used so paper bitcoin can trade hands but once someone scans and take it back to its wallet then it means that qr code no longer works.
view on m.youtube.comThat doesn't solve for the fact that someone or some information system has knowledge of the private key and has to have knowledge of the private key in order to record it on the note in the first place.
what's the multi sig scheme you're referring to?
Had to dig it up. Here you go: https://offline.cash/
NO. Bitcoin is meant to be spent and moved digitally, not physical. Physical cash for Bitcoin is a stupid concept and a road that should not be entertained as worth trying to go down.
Passing around paper notes in exchange for Bitcoin will not work.
https://github.com/libbitcoin/libbitcoin-system/wiki/Reserve-Currency-Fallacy
I had this problem in el salvador, lets point some of the flaws of CryptoCurrencys over physical cash:
Hopefully someone reads this, i hope i can picture to you how we need to win the war against fiat money, when roman disappeared people hundreds of years later still used the silver denarius, we cannot afford a future where people still use the dollar after the dolar fails we need to displace the dollar with an active force and replace it with a superior form of money.
qr codes are not a solution for physical bitcoin on their own. You do not want you money to be able to be stolen from a random camera snooping around.
Monero fixes all that. try it. Super easy to use loooow fees. It the silver to bitcoins gold.
Open dime from Coinkite is great for this very reason. Interesting how much the physical object means at a deep level.
They came out with satscard recently. Seems like a better (10 slots so reusable after sweeping the wallet, and a better form factor) and cheaper ($7)
It's fascinating to see the psychological aspects of money. I carry a satscard with a small amount on it, and it just feels right.
satscards and opendimes are another option
Have a look on Lotes idea https://github.com/hynek-jina/lotes
Physical BTC notes could work, but they'd have to be redeemable for real BTC and you'd have to guarantee the redemption burns them / removes them from circulation.
lol
Kraken Bux
A note that cannot be easily counterfeit that is redeemable for x amount of BTC on demand (At kraken -you have to withdraw after that if you want)