Is it possible to use bitcoin like offline currency? - page 10.

Kiweikoo

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Quote from: reda on December 20, 2017, 12:48:58 AM

Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.

Of course bitcoin is a usable currency and one can use his bitcoin anywhere in the world for his purchases. You can use your bitcoin as you use your debit or credit cards. You have invested your money in bitcoin and it is the beauty of bitcoin that it is not only a business but also a usable currency.

Its use it far better than regular currency because if you want to buy something in other country you will have to send them money and also need transfer, while bitcoin is free of these things.

batang_bitcoin

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Quote from: ragoon on December 25, 2017, 09:49:23 AM

It's impossible to use bitcoin offline because of the transaction process and the hash lines that are needed to be done online

You have said it right that bitcoin can't be use as an offline currency the same with fiat / cash money. Transactions are needed to be confirmed and it's only possible through online, if we try to send bitcoin offline that will fail as there's a need for everyone to connect through internet and the only thing that you can do offline with your bitcoin is by storing it through offline.

ragoon

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It's impossible to use bitcoin offline because of the transaction process and the hash lines that are needed to be done online

Yousint0r

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Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

any place you can use your bank card can be use for bitcoin.
No bitcoin can be used for online places connected with internet but most places have internet

dhas

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Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Well I think it is impossible to happen. Why ?
Simply because bitcoin are done thru online.
And in order for you transac usig bitcoin your going to online first.
So it means it really impossible for bitcoin to deal with some offline businesses.
Unless bitcoin will upgrade their services to the pointbthat it can be use offline.

yohaneshs

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Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

I think crypto can't change a offline currency because each nation have a regulation and they has central bank to control all thing about money

Crypto has a good trend in this year and some people use that for investment.

Rightchoice

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Yes, now using Bitcoin is becoming as easy as it is to use our country official currencies. As the popularity is on all-time high! However, it is vital that we don’t misuse it. When I say misuse, I take myself back to 2015 start, I had some Bitcoin and I sold it for purchasing some offline stuff.

So, right now that Bitcoin which I sold could have given me $1700! As in 2015 the price was hardly noticeable. This is why you need to be aware of when to use it and when not.

Now, I always keep up with the Bitcoin Price, it makes life a lot easier!

ModaFuka1994

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The stock photography revolution

For now, It's still impossible to use Bitcoin and all other cryptocurrencies like offline currency. Bitcoin is not legalized in any country yet so it's very difficult to find out an offline place that accept Bitcoin for payment. Beside it's digital currency so use Bitcoin without internet like offline currency is impossible

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supercanada1

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Quote from: larry1942 on December 22, 2017, 02:12:39 AM

bitcoin can possibly work offline how would transaction go through but if it was offline it would be more safer

Even now bitcoin transaction is fair enough because it is not taking much time now; according to me it is not easy because bitcoin needs internet and it is from digital world so if bitcoin will increase in price will give us benefit by high transaction. If bitcoin will announced as offline currency it will make bitcoin price very high and will give huge profit. I know now bitcoin is helping people and it will help always and forever.

Laregrell

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Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Atm and paper wallet can be used as offline wallet but generally it is hard to use bitcoin without internet access.
yes for now bitcoin for online only

Tungsten-1

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Quote from: larry1942 on December 22, 2017, 02:12:39 AM

bitcoin can possibly work offline how would transaction go through but if it was offline it would be more safer

Bitcoin and all other crypto coins cannot be treated like all other regular currencies. All the crypto coins are entirely dependent on internet for performing different sort of operations and transactions. Internet connection is a must condition and we really need it of we want to perform any sort of operation related to that of crypto coins. Without internet, there is no other way of using them.

Wintersoldier

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Quote from: steveabrahams on October 28, 2017, 12:03:09 PM

Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Actually it's possible to use bitcoin in offline marketplace. The problem is are there any place that accept bitcoin in real life as the payment ? Because it's really rare especially in my country. I don't know about other country but there is no marketplace or shops that accept bitcoin here, maybe it will happen in the future.

It is not really possible to use bitcoin offline to make transactions. Because we all know that bitcoin really involves the use of the internet. But you can actually exchange it first to your country's currency and cash it out through some banks and use it for transactions you want. That is how it goes in our country.

btcjocan

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Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Actually, it is depending on the situation. But as of now, it is still impossible because we cannot earn without connecting to the internet in our country. Maybe in the future, it could be possible. But if that would happen, maybe we are not alive anymore or if we are still alive, then it could be possible that we cannot earn bitcoin anymore.

larry1942

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bitcoin can possibly work offline how would transaction go through but if it was offline it would be more safer

eloymjb

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in my own opinion, for now that bitcoin know as a cryptocurrency (online currency). there is no way to this to use like offline currency, first you need an internet to make transaction on bitcoin and second bitcoin is an online currency that you didnt hold or touch knor you have an internet. but who knows in the future hope they find ways to use it in offline currency in the future.

Superzpay

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Quote from: kdrama on December 21, 2017, 05:00:08 AM

No it can't be used bitcoin is based on the internet there will be no update if it is not in the internet i mean it is useless without internet.

Yes, internet is necessary and the reason is that after every single transaction, the block chain system needs to get effective and up gradation is necessary. If the currency started working online for even 2 mins, there will be a lot of corruption because of the non up gradation of the account ledger. So in easy word if I make a payment to you, you will not receive it until the block chain system transfer it from my account to yours and upgrade the ledger.

kateryana81

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Quote from: futile-resistance on December 18, 2017, 01:05:16 AM

Quote from: Gumpfire on December 15, 2017, 10:12:19 AM

Quote from: Sohailul on October 27, 2017, 01:57:37 PM

Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?

Actually in other country like Japan and USA are now accepting bitcoin as mode of payment but it will take a lot of time to be get accepted world wide because other country think it as a threat. Is is advantages to have bitcoin in offline transaction because it is very convinient that is why I prefer to have this kind of transaction.

The concept of crypto currency is the online system, if it is being used offline than it will effect the ledger system which is being maintained in different parts of the world. Those ledger systems will not be able to track the offline transactions and let’s say if any transaction has occurred in offline manner, then the beneficial party will not be able to use it, until the ledger gets updated. It is better to bring everyone online than to make online/offline system.

Exactly! The basic concept behind this bitcoin and all other crypto currencies which are there in the real world is to introduce such kind of currencies which are entirely dependent on internet. There is no possible way of using such kind of crypto coins and that too without having an internet connection. Digital currencies do need to have an internet connection and we cannot treat them like offline currencies.

kdrama

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No it can't be used bitcoin is based on the internet there will be no update if it is not in the internet i mean it is useless without internet.

reda

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Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.

bribed

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Generally speaking it makes no sense for me to think of Bitcoin as an offline currency, as the whole idea of the blockchain is to be interconnected by building a large distributed network, that operates via the internet.
However I recently read about this project that wants to implement a system where they are using radio frequences for transferring crypto value. So this is aiming at becoming kind of a crypto without the need for the internet. Maybe its not possible to do this, Im not very into the technicalities, but its still interesting.

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