Can bitcoin be sent, received or traded (used) without the internet? - page 4.

DooMAD

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Quote from: Getcoinsite on October 05, 2018, 05:16:49 PM

Quote from: franky1 on October 03, 2018, 12:48:41 PM

yes

physical bitcoins. also known initially as casascius coins or paper wallets

as long as you trust the seal and that the original holder(s) do not have or know the private coins because its sealed within the physical bitcoin. then you can swap them hand to hand

You have given me good enough reason to consider offline bitcoin trading and i admit that i dont have that big idea about this until i read your post so thank you

I'm afraid you haven't been given very good advice there.

Physical bitcoins in an actual 'coin' form are generally seen as collectors' items. It might sound like a good idea, but in practice, they're not common enough to be used on a regular basis. The "trust" issue also shouldn't be understated. If someone gains access the private key, that physical coin loses its value. And since pseudonymity makes it difficult to tell who accessed the private key, someone might accuse you of trying to scam them if you inadvertently gave them a physical coin where the BTC stored inside it had already been stolen. You would have to manually check each coin on a blockchain explorer before you try to spend it.

Trading paper wallets is dangerous, as the person who made the paper wallet could easily keep a copy of the key. There are serious security risks to trading physical bitcoins. Exchanging private keys hand-to-hand is not how Bitcoin is designed to be used. I strongly advise against doing that.

It's far safer to get a hardware wallet and then learn how to use PSBT to send "offline" transactions from them. And accept payments from those who have done the same.

adzino

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If both of the person are in two different places and you want to send him bitcoins, then it is not possible to do so for now without the internet. You need to be connected to the internet to do so. Even if you manage to sign the transaction offline, it must be broadcasted to the blockchain which will require the internet. You can trade p2p with paper wallet, but the issuer must be extremely trusted.

hdtqisg

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No internet, transaction not confirmed by network. Some applications will allow validation when there is internet, some may change! To be safe, every successful transaction must be confirmed online!

trecore4

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Interesting project but isn't the mesh network is also indirectly working over the internet access only ? I mean its liking sending some bits over the internet and recording it for the further activity until the time mesh comes online with next connection. I am not sure how this really is working but seems to me one and the same thing at all.

I was hoping to see a answer where we will have physical appliance of the bitcoin, lets say in the form of QR Barcodes printed with specific value of the bitcoin over the paper. If you want to make the payment then just hand it over to the buyer or seller accordingly and he/she may use it whenever they want. The bitcoin could be stored over the public wallet which will act as bank. I guess something like this can work out very well.

btc_angela

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Quote from: Eraldo Coil on October 05, 2018, 06:53:06 PM

Yes today bitcoin can sent without internet it is called paper wallets. It is also new to me like i only heard it last week and i did some research and its a great way to trade coins. Maybe in the future they will find a way to trade without internet but still using computer.

Perhaps you need to research more about what a paper wallet is, otherwise you completely looks like a just trolling.

Its impossible to received bitcoin without internet because you have to broadcast your transaction.

Eraldo Coil

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Yes today bitcoin can sent without internet it is called paper wallets. It is also new to me like i only heard it last week and i did some research and its a great way to trade coins. Maybe in the future they will find a way to trade without internet but still using computer.

timerland

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I'd say that there are definitely ways. For example, I recall that SMS based bitcoin transactions have been available a long time ago. The relaying of transactions using the mesh technology that you mentioned in the OP could also be a thing that would be possible in the future.

However, for now, I think that the most feasible way to send bitcoins is probably still via the internet.

I don't think this is necessarily a huge concern given the fact that in the very near future, even remote areas would likely have some form of internet coverage or another very soon. But it is a problem that some people in rural areas may not be able to access BTC - although they probably aren't even cognizant of the fact that it exists at the moment.

Naughty Princess

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Quote from: Finestream on October 04, 2018, 05:34:13 PM

Quote from: pavka on October 04, 2018, 03:15:57 PM

It is possible that over time the cryptocurrency market will contribute to the development of the Internet. Unfortunately, for the time being, you will not be able to perform the operations indicated without Internet access.

I also agree.Maybe in the next years,it will be more possible to transact bitcoins even without internet connection.But for now,sending and receiving bitcoin is more dependent in the internet access.If you happen to have a poor connection,i think your transaction might not be successfully done.

I do not think time comes that bitcoin transaction become independent from internet because it is more faster to process having it. It such hard to update the system at that manner. We have internet for the fast processing and there is nothing to change about that. Every transaction is internet dependent. However, if that possible it is good news on every people who have poor internet connection.

farosa

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Perhaps you should get in touch with people who are busy with crypto trading in your country. So you can take the money in cash and give private key as a piece of paper. Because Bitcoin was established on the internet and you need people on the internet network to trade.

Getcoinsite

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Quote from: gantez on October 03, 2018, 12:51:46 PM

I think your question once again exposes one of the big weakness of cryptocurrency. It is generally called digital currency because it involves usage with internet gadget. However, it is even better that the receiver need not be connected to the internet to facilitate the transaction. It would have been nice if there was an option of internet usage and manually. Maybe internet being for faster transaction and manual for those who don't mind waiting Roll Eyes

If you just read post above you then you’ll find some good answer from this best poster I’ve seen in this forum,here it is mate

Quote from: franky1 on October 03, 2018, 12:48:41 PM

yes

physical bitcoins. also known initially as casascius coins or paper wallets

as long as you trust the seal and that the original holder(s) do not have or know the private coins because its sealed within the physical bitcoin. then you can swap them hand to hand

You have given me good enough reason to consider offline bitcoin trading and i admit that i dont have that big idea about this until i read your post so thank you

kvipcn

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While has it stands now, Bitcoin can not be sent or traded without the internet. Blockchain technology basically runs on the internet, thus networks of computers connected together. The key feature of bitcoin is the use of internet for the transaction of funds from one wallet to another.

MakeMoneyBtc

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No, normally you can't use bitcoin without internet. This means sending, receiving or trading it. This happens because the transaction needs to be accepted and registered by the Blockchain network.
However there could be some exceptions if you use special wallets or exchangers that could transfer bitcoin for you even without internet. But this is not anymore related to your question because you could not use internet but for the original transaction it will be used internet.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

According to Techopedia website definition of a digital currency, is a payment method which exists only in electronic form and is not tangible.Bitcoin is Digital currency therefore to access it(send,received or trade) it must be through and electronic means,which is the internet.

Menawi12

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In many area, there is no good internet connection. I think with technology and development of cryptocurrency, i am believe bitcoin can use in area without good internet infrastructure. Internet is important thing for bitcoin to store the transaction data.

ratatat bangbang

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For now, it needs internet in sending and receiving bitcoin because without it, we cannot do the above transactions. I think in future it is possible to send and received bitcoin, if that would happened for sure many will use it.

Finestream

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Quote from: pavka on October 04, 2018, 03:15:57 PM

It is possible that over time the cryptocurrency market will contribute to the development of the Internet. Unfortunately, for the time being, you will not be able to perform the operations indicated without Internet access.

I also agree.Maybe in the next years,it will be more possible to transact bitcoins even without internet connection.But for now,sending and receiving bitcoin is more dependent in the internet access.If you happen to have a poor connection,i think your transaction might not be successfully done.

b3llsf1l3s

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Quote from: CryptopreneurBrainboss on October 03, 2018, 12:27:00 PM

Also just saw a post on facebook saying

The writer went forward to explain, 'The mesh network works for every 4miles until it gets to the nearest access to the internet. That's to say you can send bitcoin through the mesh network from one mesh to another within 4miles until you get the nearest access to the internet".

as far as I know (CMIIW) but Mesh Network still really needs internet network right? Mesh network is more like a LAN network with wider coverage, but still unable to access the website server needed

richan

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I don't think Bitcoins can be sent without mining in the blockchain which uses internet as it source of power. The only way for bitcoins is sent is through the network which needs internet for validation.

ShowOff

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Quote from: West0813 on October 03, 2018, 06:36:59 PM

Quote from: nydiacaskey01 on October 03, 2018, 06:30:42 PM

If you are familiar with paper wallets or physical Bitcoin then yes it is possible to transfer Bitcoins without the use of Internet. However, giving away paper wallets or physical Bitcoins is different from sending through internet because physical Bitcoins has a fixed value line 0.1BTC, 0.5BTC or 1BTC depends on its face value. I have a few of those physical coins, some are funded and some are none. Those that are funded can be given away as a gift.

I don't there is a so called physical bitcoin. We all know that bitcoin and any other cryptos can only be tranfered through internet. So we can't trade cryptos without internet.

Physical bitcoin is like a coin that contain private key inside it, So it is like you can have bitcoin physically and carry it everywhere. I think in this forum there are people who offer service to make something like that.

pavka

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It is possible that over time the cryptocurrency market will contribute to the development of the Internet. Unfortunately, for the time being, you will not be able to perform the operations indicated without Internet access.

Topic: Can bitcoin be sent, received or traded (used) without the internet? - page 4. (Read 778 times)