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What Are Physical Bitcoins? What is the point of Bitcoin if it can take a physical form and be bartered like nickels and dimes? These are all fair questions, and they can be addressed with a straightforward response — physical Bitcoins have no inherent value. However, they represent actual Bitcoins via digital keys that are unique to each physical unit, along with some appeal for crypto collectors and enthusiasts. For instance, a physical Bitcoin typically shaped like a circular gold coin with a Bitcoin symbol will have a specific digital code on the back, protected by a hologram seal, allowing the owner to tap into a real Bitcoin online wallet whenever they want.
With this format, you could conceivably turn any physical object into a piece of Bitcoin if you manage to secure the funds digitally and represent them in a substantive form. Pros and Cons of Physical Bitcoin The attraction of physical Bitcoin is apparent to anyone who has tracked cryptocurrency trends over the past decade. Primarily, these assets give Bitcoin and other cryptos a reason to exist in reality, rather than just numbers on a screen.
Physical Bitcoin is also a way to decentralize the storage of an asset that is known for decentralization in the first place. While they vary in quality and detail, there have been several physical crypto coins that feature authentic weight, sleek profiles, and plenty of custom engravings that crypto fanatics appreciate. On the flip side, physical Bitcoins do conflict with the central thesis of cryptocurrency, which is that digital money can transcend the need for coin purses, wallets, and the whole process of fumbling around for change at the clerk counter.
While some Bitcoin investors are eager to secure their assets in different formats, others may not want to take the risk by holding crypto in a physical form. As it turns out, many of the original pressed physical Bitcoins were soon compromised once the codes were let loose. There has also been a series of legal issues that have loomed over the head of physical Bitcoin production and utility from the beginning, adding another dimension of difficulty that eventually ended the trend.
The next evolution of money is cryptocurrency and the physical Lealana Bitcoin that we are offering is a unique physical object representing this historic evolution. First introduced as Lealana Litecoin, the Lealana series was released to collectors and investors in June as a counterpart to the Casascius physical bitcoins introduced in It was invented and issued by Noah Luis of Honolulu, Hawaii, who is perhaps better recognized within the crypto community by his internet handle "smoothie.
Only 2, Lealana 0. It is considered part of the limited Series 1 Lealana coins, offered before the address color was changed to green in May to comply with regulations.
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