Sat 15 Feb, 2014 11:25 am
Articles about bitcoins often show an image of a gold colored coin with an image of a "B." What is it?
Furthermore you asked about Bitcoin last year. Just in case you forgot, here's that question:
As to my present question, I understand that a bitcoin is a digital currency. Not a physical currency. That is why I asked about a picture of a bitcoin, since there is no physical bitcoin that could be pictured.
As to my previous question, I do remember it. I wished to know who the buyer of a bitcoin pays. My question was answered.
I understand that a bitcoin is a digital currency. Not a physical currency. That is why I asked about a picture of a bitcoin, since there is no physical bitcoin that could be pictured.
that it is just a logo or symbol for the currency, and does not have any value other than its use as a logo/symbol (unless they made it out of real gold instead of making it out of plastic).
You can have a physical Bitcoin. Look up bitcoin silver ounce. These are silver ounce coins with a private and public key. It’s a physical bitcoin wallet that you can send btc to. There it can be stored and then spent from, so in a sense it is a physical bitcoin. Other Cryptocurrencies like dogecoin , Ethereum, and Litecoin also have these.
There are also paper wallets. Some are pretty cool looking. You could put ten dollars worth on a paper wallet, though the price of the cryptocurrency could fluctuate. If someone created an Ethereum paper wallet one year ago with a value of $10.00 (or roughly the price of one Ethereum coin one year ago), they would still have the same amount of Ethereum, one, but it would have the buying power of almost $1,400.00 now.