Better than bitcoins-for-gold: Chinese Bitcoiner crafts physical bitcoins made of pure gold
We've heard of bitcoins-for-gold. A Chinese Bitcoiner has taken it a step further by creating "bitcoins" made out of pure gold, according to Forbes citing a Chinese blog post.
The coins weigh 1 once each. Thus, the gold in each is worth $1310, based on gold's current price per ounce.
Perhaps we're confronted with the problem found with currencies whose units carry intrinsic value. One Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is only worth $620. In reality, however, the "bitcoins" themselves can be scanned and "separated" off the physical coins for transfer elsewhere. They are engraved with a QR code on the back. In theory though, it would be an interesting proposition if a secondary, "cash" market would open up for "physical" bitcoins, whose transactions aren't bound to the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
101 coins were crafted. Their total value is therefore either $62,620 or $132,310- or $194,930 when combined.
In any event, the coins are intended for private collection, not to be circulated in the market. One thing to be wary of: make sure the previous owner doesn't keep a copy of the private keys.
Bitcoin and gold are often compared to one another due to their limited supply and deflationary nature. Enthusiasts may hope that one day the combo will be sought by investors as the ultimate hedge against inflation, while simultaneously diversifying their portfolio between physical and digital assets.
We've heard of bitcoins-for-gold. A Chinese Bitcoiner has taken it a step further by creating "bitcoins" made out of pure gold, according to Forbes citing a Chinese blog post.
The coins weigh 1 once each. Thus, the gold in each is worth $1310, based on gold's current price per ounce.
Perhaps we're confronted with the problem found with currencies whose units carry intrinsic value. One Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is only worth $620. In reality, however, the "bitcoins" themselves can be scanned and "separated" off the physical coins for transfer elsewhere. They are engraved with a QR code on the back. In theory though, it would be an interesting proposition if a secondary, "cash" market would open up for "physical" bitcoins, whose transactions aren't bound to the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
101 coins were crafted. Their total value is therefore either $62,620 or $132,310- or $194,930 when combined.
In any event, the coins are intended for private collection, not to be circulated in the market. One thing to be wary of: make sure the previous owner doesn't keep a copy of the private keys.
Bitcoin and gold are often compared to one another due to their limited supply and deflationary nature. Enthusiasts may hope that one day the combo will be sought by investors as the ultimate hedge against inflation, while simultaneously diversifying their portfolio between physical and digital assets.