The world is gradually recognizing the digital bitcoin currency as real money or medium of exchange, but not many know about the coin in a physical coin state which can also be exchanged in the real world for goods and services.
People could easily relate to fiat currencies because it has a physical appearance. The value of the coin or paper notes was what it is. How would it be possible to tell the ‘common’ or ‘non-technical’ man that something intangible was worth a thousand dollars? That would be hard especially when he can’t see it, nor touch either. Then to complicate the whole story the more, you tell him bitcoin is some super-high-level mathematical functions that are calculated with some high electronically powered devices and then stored in a public blockchain. So for bitcoin to be known and accepted for what it is and how it should be used, there had to be a way to convince people of its existence.
In the summer of 2011 to early 2016, these coins where produced and distributed. The coins where either pre-funded with private keys on them that enables the purchaser access or confirm the real value as inscribed on the coin or just empty coins that could be funded.
As Satoshi Nakamoto saw the need for a peer-to-peer currency that excludes middlemen; the financial institutions and governments, so do we recognize Mike Caldwell as the first person to transform the bitcoin technology which was Satoshi’s idea into a physical form that we could easily relate with. Over 50 different manufacturers have afterward produced the physical coins which are not just bitcoins, but other cryptocurrency tokens as well. The coins came in different denominations just like the fiat money did. They were in half a bitcoin, one bitcoin, ten bitcoins, 25 bitcoins, and a hundred bitcoins denominations. They came in both the coin and bar forms which looked more like gold bars.
Encyclopedia of Physical Bitcoins and Crypto-Currencies
Encyclopedia of Physical Bitcoins and Crypto-Currencies is a detailed guide by Elias Ahonen who is a cryptocurrency enthusiast and the founder of www.coinfirm.org. He has apparently analyzed in details how the physical Crypto Coins came into existence.
The physical bitcoin did not only bring the evolution of the first set of real bitcoin by Mike Caldwell called the Casascius physical bitcoins or the Casascius coins for short. But in a short time, other manufacturers have also seen the need to produce these coins in physical states not just as bitcoin but for other cryptocurrencies as well. Without a doubt, this idea has contributed significantly to making cryptocurrencies what it had become today as more people have come to the knowledge of bitcoin and other cryptocurrencies through these physical coins.
The physical coins were to serve two purposes; they were designed to be used as face-to-face/physical transactions and also were going to be artifacts for a new world of digital currency. If you want to know the origin of physical cryptocurrencies, with detailed images, descriptions, and interactions with the manufacturers of various coins that have been released over time, then you should get the Encyclopedia by Elias Ahonen.
The Encyclopedia of Physical Bitcoins and Crypto-Currencies is indeed the best reference book for every individual who is interested in knowing about Bitcoin technology, bitcoin as a digital currency, and also how bitcoin as a physical currency came into existence.
Physical coins are purchased online, and you can get genuine coins form trusted brokers. Elias Ahonen is one of those trusted brokers, and you can buy or sell the coins by contacting him via email at [email protected].