Re:Bitcoins get physical
by drKarl on Saturday October 22, 2011 @10:11AM
(#3143532)
What's the point? That just defeats the whole philosophy of anonymous cryptocurrency and... 25 physical BTC = 29.50BTC!! You loose money if you buy physical coins...
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Re:Bitcoins get physical
by ryandickherber on Saturday October 22, 2011 @10:47AM
(#3143600)
> You loose money if you buy physical coins...
Gold and silver coins also cost more than spot.
That's why gold and silver isn't used for coins anymore (except for special limited editions). Nowadays fiat money coins face value is much more than the material of which the coins itself are made.
You have to pay for the BTC, and then also pay for the physical coin. Anyway this is as anonymous as cash, isn't it?