Is it possible to use bitcoin like offline currency? - page 12.

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Quote from: katrimans on December 12, 2017, 03:30:49 AM

Quote from: Kez1817 on December 11, 2017, 12:14:55 AM

Bitcoin is a digital currency that use online through internet thats why it is impossible to use it offline. Maybe if government accept it and make it as a tangible currency like our money we can use it offline.

At the very present time, there is no such method using which you can make bitcoin act like an offline currency. Bitcoin like all other coins which are there in crypto world is an online currency and we do need to have an internet connection to operate our bitcoins. There is no such way which can help us in using this bitcoin like an offline currency and I don’t think so that it will ever happen.

Yeah,bitcoin is a virtual currency so there is no physical shape for bitcoin so we can't take out bitcoin from our wallet we just can transfer it to the wallets but we can not touch the bitcoins like fiat.So bitcoin is a crypto the we can't use it as offline currency but it will be used anywhere in the world just internet is required to use bitcoins.
For now bitcoin is not accepted everywhere but it will replace most of the fiat currency soon so the payment methods for bitcoin will be implemented soon,so you can use it as fiat currency at anywhere to buy anything.

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Quote from: Kez1817 on December 11, 2017, 12:14:55 AM

Bitcoin is a digital currency that use online through internet thats why it is impossible to use it offline. Maybe if government accept it and make it as a tangible currency like our money we can use it offline.

At the very present time, there is no such method using which you can make bitcoin act like an offline currency. Bitcoin like all other coins which are there in crypto world is an online currency and we do need to have an internet connection to operate our bitcoins. There is no such way which can help us in using this bitcoin like an offline currency and I don’t think so that it will ever happen.

c15

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i believe you can get a spectro credit card
and use it as such

kyanscadiel

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I don't think so. It is not possible because bitcoin is powered by internet. Every transactions that is bitcoin involve can only be use with the help of the internet. Without internet you cannot get through your transactions.

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Quote from: geopolisch on December 11, 2017, 06:56:51 AM

Quote from: Ghostcell on December 06, 2017, 12:14:45 AM

For now we still can't use Bitcoin like offline currency cause Bitcoin still not legalized worldwide so it's really hard to find out any offline store or shop that accept Bitcoin for payment. But with only market it's very easy to find out the place that you can use Bitcoin directly for payment

For what I understand Btc has to be connected to the internet all the time to execute the sales and purchase orders. I may be mistaken when transferring the currency from one wallet to another, an office created at Blockchain which avoids fraud or duplication of stock, and this without an internet connection would be impossible.

One solution to this would be to use Btc as a debit card, because today in the world almost every store or enterprise you enter has a card machine.

Even though we are already on the era on where we do make use of card or cashless transactions but yet local fiat would really be still here and needed because you would need to load up that card with fiat which means it would really be mainly needed and talking off on bitcoin to be used on offline currency then its impossible knowing that bitcoin doesn't even have a physical form which can be trade up physically.It would really just still remain on digital form which suppose this is really its usage and feature and we cant make any changes on it.

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Quote from: kurian on December 11, 2017, 05:44:40 AM

It's simply a big "NO". Bitcoin is virtual something which has no physical embodiment. Each transactions are registered on Blockchain over internet. So, it's impossible to use bitcoin offline.

apparently the government of many countries have not yet come up with. How can you withdraw taxes from users of crypto currency. Perhaps this is the nuance of the problem for the legalization of Bitcoin.

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Quote from: Ghostcell on December 06, 2017, 12:14:45 AM

For now we still can't use Bitcoin like offline currency cause Bitcoin still not legalized worldwide so it's really hard to find out any offline store or shop that accept Bitcoin for payment. But with only market it's very easy to find out the place that you can use Bitcoin directly for payment

For what I understand Btc has to be connected to the internet all the time to execute the sales and purchase orders. I may be mistaken when transferring the currency from one wallet to another, an office created at Blockchain which avoids fraud or duplication of stock, and this without an internet connection would be impossible.

One solution to this would be to use Btc as a debit card, because today in the world almost every store or enterprise you enter has a card machine.

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Quote from: bakunawaaa on November 18, 2017, 09:11:36 AM

The answer is it cannot be. Because there would be no one who will verify the transactions. The block chain technology is only possible through the internet.

There is surely no way at least for now which is why fiats will always still be able to find a way. However, if we are looking at it in the form of cash when you have to make payment directly with paper currency, then that may not be replaced, but in the case of ATM or POS transactions, this can evolve.

So many things can change with development and a time may come or which we are already seeing with wallet connected cards which can still make us use our cryptocurrencies without having to connect online all the time. I feel it is just a matter of time before we start seeing such.

kurian

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It's simply a big "NO". Bitcoin is virtual something which has no physical embodiment. Each transactions are registered on Blockchain over internet. So, it's impossible to use bitcoin offline.

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Bitcoin is a digital currency that use online through internet thats why it is impossible to use it offline. Maybe if government accept it and make it as a tangible currency like our money we can use it offline.

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As i know bitcoin is a digital currency using internet connection we cannot work in bitcoin in offline currency .Every transaction is moving with online internet connection bitcoin will success because of online currency not offline.

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Quote from: 1BTC EQUALS 1CAR on December 09, 2017, 09:46:26 PM

No because it uses internet connection to make the transaction successful. Transaction doesn't need a lot of data so loading a cheap promo for an internet is enough.

I think the main meaning of this question is not like what you thought. LOL. I think he want to know if Bitcoin can be used for payment like cash or not.

). At the moment it's still impossible to use Bitcoin like cash cause it's not legalized worldwide yet so it's really hard to find any store or shop that accept Bitcoin for payment.

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Quote from: earnmoneyonl on December 08, 2017, 02:45:08 AM

I think you can not use bitcoin like offline currency. In addition, we now move all to the online currency like internet banking and we are trying to cashless as soon as possible.

I also think a world without cash. Why to use bitcoin like offline currency? That is not necessary, moreover bitcoin is crypto it must be the online currency.

1BTC EQUALS 1CAR

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No because it uses internet connection to make the transaction successful. Transaction doesn't need a lot of data so loading a cheap promo for an internet is enough.

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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 dont think you can use it as an offline currency. what we can do is, exchange the bitcoin into fiat and use them off for any purchase we do. But as you said, bitcoin can be used to purchase anything online if merchants allow bitcoin payment. We have many merchants accept bitcoin. I wish, my country accept bitcoin and many shops, malls and etc accept bitcoin as mode of payment.

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Quote from: bakunawaaa on November 18, 2017, 09:11:36 AM

The answer is it cannot be. Because there would be no one who will verify the transactions. The block chain technology is only possible through the internet.

The way the OP is putting it here is if we can make use of it without having to log in to our account all the time. It is definitely possible which is what most of these cards are really going to come into play and then we have to rely on making use of a third party in situations like this.

Everything is online and as long as anyone can make use of the cards connected to such wallet without having to login, then that gives us the ability to use it partially offline but of course not like the way we use fiats.

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Quote from: serjent05 on December 08, 2017, 03:00:01 AM

I think it can be possible, since we have coins loaded with Bitcoin circulating around. The problem would be the honesty of the holder of the coin since he can actually move the coins right after he gave it to the merchant since he has access to the private key. But if we talk about sending Bitcoin, i guess it is not advisable until the lightning network is implemented.

It seems to me that every user already has different opinions about the use of Bitcoin and its future. To date, I view Bitcoin as a means of payment, but as a real investment to increase its financial reserves, as well as to store its money.

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I think it can be possible, since we have coins loaded with Bitcoin circulating around. The problem would be the honesty of the holder of the coin since he can actually move the coins right after he gave it to the merchant since he has access to the private key. But if we talk about sending Bitcoin, i guess it is not advisable until the lightning network is implemented.

earnmoneyonl

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I think you can not use bitcoin like offline currency. In addition, we now move all to the online currency like internet banking and we are trying to cashless as soon as possible.

MidKnight

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It's a digital currency which means it works online. It is specifically made for any transactions and payments through the internet and offline currency already exists which is called fiat.

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