Is it possible to use bitcoin like offline currency? - page 15.

pinggoki

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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 my answer is no, bitcoin is not fully accepted in our society that is why it can only be used in online transaction. As soon as possible I want to have a store that will accept bitcoin as payment method because it is more convinient for me to use it since I am kind of person that maximize the usage of technology.

maarx

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Economic is developing with fast speed, it make physical payment such as coin, money paper are losing its strength. I think it will be offline currency in next 10 years

Yes almost 60% of account holders are on online transfers, purchase and so on. It's really handy and time saving. Bitcoin has already stands in such a way that it can be only used via online. Really foreseeing. Much fast in transactions and secured. It's always recommend to go online always.

hartonosusilo

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Paper money was made for this purpose. So i'm strongly believe that this will not happen with Bitcoin, every single transaction of Bitcoin needs a processing of a miner. So the transaction will not be succeed if there is not internet.

TheKeyLongThumbI

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Unfortunately, no. I know that this is going to be a hindrance for some people that cannot afford to have an internet connection but bitcoin really need that to work and to be able to used in transactions. You can still use fiat if you want.

KennyR

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This is completely an internet connectivity based value system. So without internet connectivity nothing happens and bitcoin being a offline currency is not that possible to use everywhere. Maybe it can be taken in a offline wallet and on requirement can be used.

yanlap

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Quote from: kucritt on November 25, 2017, 03:01:54 AM

maybe if you make transaction with bitcoin offline i think the answer is it can't. because bitcoin is work if you have an internet access in your smartphone or personal computer. but i think if you pay some offline store with bitcoin (need internet connection) i think it can pay with bitcoin easyly

No it is possible think the bitcoin is going to be the part of the life and the bitcoin will increase more in the value of the bitcoin. I can buy the bitcoin and will have the fun in the bitcoin, I can say the bitcoin will be the world most favorite currency I can have the bitcoin as the investment now more and in the future all the markets will have the bitcoin online and the offline service.

theunbeatable

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I could either watch it happen or be a part of it

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?

Im sorry my friend. BTC is designed for digital transactions. Read the whitepaper of satoshi to have some idea. Theres no such thing as offline crypto. They are made to transact online using computers and smartphones. This is how it works and this is one of the main purpose of BTC. Payment from all over the world without the no brainer of fiat 💰, and offline wallets.

edisystem

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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?

It's possible to use bitcoin like offline currency but there are still many people that don't know about bitcoin. That's why we must courage people to use bitcoin and tell them the benefits of using bitcoin. Maybe in the next 5 years when bitcoin become popular people will start accepting bitcoin and use bitcoin like offline currency.

ssuchy

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Quote from: kucritt on November 25, 2017, 03:01:54 AM

maybe if you make transaction with bitcoin offline i think the answer is it can't. because bitcoin is work if you have an internet access in your smartphone or personal computer. but i think if you pay some offline store with bitcoin (need internet connection) i think it can pay with bitcoin easyly

everything is possible here I agree with you, but I think that buying for Bitcoin will be better and is made either by a wholesale product, or in an online store. I do not know how to buy a cup of coffee and pay Bitcoin. Do you understand what I am talking about?

ausbit

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Quote from: FisherWoman on November 22, 2017, 03:55:46 AM

At the moment this case is still impossible cause Bitcoin is not legalized all over the world yet so we can't find any offline place that accept Bitcoin for payment and the only way to use Bitcoin for payment in these places is exchanging Bitcoin into cash.

As far as I think, it is not only bitcoin in fact all the coins which are there in the world of crypto currencies cannot be used as an offline currency. It is because of the fact that they are digital currencies and all the digital currencies do need an internet connection for things to work. There is no possible way using which you can actually treat these crypto currencies as offline currencies.

kucritt

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maybe if you make transaction with bitcoin offline i think the answer is it can't. because bitcoin is work if you have an internet access in your smartphone or personal computer. but i think if you pay some offline store with bitcoin (need internet connection) i think it can pay with bitcoin easyly

d1ceplayer

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Quote from: mkcube on November 13, 2017, 05:57:02 AM

As of now in my country i never heared offline currency accepting bitcoin like supermarket, malls and other establishment but in the future it is not possible that it can be used for payment nationwaide

In this time I think it is not possible because offline mean local markets and in this day most of the people do not know about bitcoin and they will never accept bitcoin until they know the importance and reality of bitcoin. In the future may it possible when the people all over the world will use bitcoin as their regular and legal currency for their day to day needs, but in this day it is not possible.

ipanks

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i think its not possible because bitcoin is connected with internet and without internet, we can not use bitcoin. bitcoin is different than fiat, bitcoin don't have physical form and although there is any debit atm, we still need internet to use bitcoin. so i think we can only use bitcoin as online currency for now but i don't know if in future, if there is a way to make bitcoin like offline currency then we have opportunity to use bitcoin in offline too.

streazight

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Quote from: Oo ako to on November 06, 2017, 10:24:59 PM

Quote from: EMS-007 on November 06, 2017, 10:11:07 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?

Bitcoin is a digital currency in which you can't use without internet connection..Hoping there'll be a reloadable Bitcoin card someday which can be use even without internet connection.. Wink

Bitcoin atm card will be the solution for this problem. Banks and some businesses are now planning to make this come true. It will just work just like a credit card and debit card that people are used to.

It would really be the solution. At least you will only have to load your wallet online or have your public address to accept payments and then make use of the card for any offline activity you want to achieve without having to login every time or making use of the exchanges to convert into fiats first. I am really looking forward to when most of the projects doing this will fair in real life usage.

shahriarasif

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Bitcoin will only be produced with the help of the miners > miners can't mine without mining rig and internet. And as we send bitcoin, we need miners to make our transactions confirmed or else our payments that was sent to the market will not be confirmed. We can't use bitcoin offline because it's major need is the internet so without the help of internet the whole bitcoin market is going to be dead. Even you'll send them your payment but without internet you'll get stuck

beerlover

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Quote from: jonatuzc on November 21, 2017, 03:21:13 AM

Quote from: gee777 on November 14, 2017, 09:23:39 AM

I think using bitcoin as an offline currency will reduce its security in a way...

I don’t really think so that it will be possible for anyone of us to use bitcoin and that too as on offline currency. It is because of the reason that bitcoin is a digital currency and the most important thing which you need to have for dealing with all the crypto currencies is none other than that of an internet connection. There is no way that you can use them like that of other regular currencies.

I can see a lot of people have raised this point so I would not really need to reiterate, but I have to point out that everything is going digital even with fiats and most times we have to ask in most countries with high use of digital age, the last time they really made use of paper currency or offline currency as the case may be here.

It started gradually and like someone rightly said, I have held $100 in my wallet for a very long time without even spending. Sure, cryptocurrencies are digital and you need internet, but does that mean innovations won't come that would not require you to log in to your wallet all the time ?

I have seen the likes of crypterium, centra and some other like Javvy coming up with stuffs like this, I guess we just have to wait and see.

fullhdpixel

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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?

This is a question of future as for now it is not possible as its physical nature is not created until but still one we can use bitcoin in many ways and buy anything you want.

It can be used in many market places which are online. But in future it can happen that people will develop physical bitcoins and they will trade all around the word as a currency and bitcoin will become the only globally currency use all over the world this could happen one day but It will take time.

rickadone

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Quote from: EMS-007 on November 06, 2017, 10:11:07 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?

[ b]Bitcoin is a digital currency in which you can't use without internet connection..Hoping there'll be a reloadable Bitcoin card someday which can be use even without internet connection..[/b] Wink

Lots of projects are already working on that. There has been some in the past, probably still existing but I do not know.
I know of Xapo and I do not know how that really faired for its users but they said they are stopping it soon. All the above, the likes of crypterium, centra and the rest are already coming up with cards that would be connected to your wallet and not just only make you spend bitcoins offline but other altcoins.

Barbut

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Quote from: bitcoinvamp on November 22, 2017, 05:02:31 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?

Bitcoin cannot be used as a offline currency as it has not been designed that way at the first place. Also, it has to be legalized all over the world or in a country to be used offline as we use our currencies.

Dependency table exist for a long time, many things in this world depends from other things. Bitcoin depends from internet, internet from electricity, electricity from power plant and so on. There is one important thing why we can`t use bitcoins in offline mode, if you use it like that tell me how will miner take that transaction and include it in next block? It must be online and it must run trough miners who confirm that transaction is valid, and like that he protects the network.

bitcoinvamp

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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?

Bitcoin cannot be used as a offline currency as it has not been designed that way at the first place. Also, it has to be legalized all over the world or in a country to be used offline as we use our currencies.

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