DustRG on Nostr: is there any project going on to create physical bitcoin backed cash for payments? ...
is there any project going on to create physical bitcoin backed cash for payments? you could do it on layer 1 by putting say 1000 sats on a cold wallet and hiding the seedphrase within a tamper sealed coin or something. but the fees would be too high if you wanted to add a bunch of coins' balances to your own wallet. i dont think lightning would work either in its current state. i dont really know, just curious.
Published at
2025-01-27 22:12:26Event JSON
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"pubkey": "511062d39765047667d81b308162ba117c4fd25f2e718ba1e1189d1af6046622",
"created_at": 1738015946,
"kind": 1,
"tags": [],
"content": "is there any project going on to create physical bitcoin backed cash for payments? you could do it on layer 1 by putting say 1000 sats on a cold wallet and hiding the seedphrase within a tamper sealed coin or something. but the fees would be too high if you wanted to add a bunch of coins' balances to your own wallet. i dont think lightning would work either in its current state. i dont really know, just curious.",
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