Topic: Is it possible to use bitcoin like offline currency? - page 18. (Read 7825 times)
I think it wont happen and will remain the same forever. It is the most secure currency and they cant easily steal it from you unlike a tangible currency.
Not possible, because is a soft touch in nature, not hard touch. every activity of bitcoins required online and not offline.
Due to the nature of business, it will not be possible to use it offline.
However it's for today. Maybe in future, why not? Technology goes to the moon day by day.
However it's for today. Maybe in future, why not? Technology goes to the moon day by day.
Why not? When we have technology in our hands so there's nothing impossible but at this moment we don't have that offline currency to use bitcoin and the least that we can do is to convert our coins into fiat so we can use it every where and to anything. And if you really want to use bitcoin directly just use it in online shops like if you want to purchase some digital goods or other stuffs.
i have same idea to make bitcoin offine (device have paper wallet which have 0.005$ bitcoin and user can pay using it ) but problem is bitcoin price changes fast which make this coin only waste of time
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?
But what is your best answer of this question?
That's not possible not possible anyway, because obviously bitcoin now was being used for online only and not for offline. For now only fiat currency are those used for offline but not any digital or virtual currency.
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?
But what is your best answer of this question?
That's not possible not possible anyway, because obviously bitcoin now was being used for online only and not for offline. For now only fiat currency are those used for offline but not any digital or virtual currency.
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?
But what is your best answer of this question?
I do not think Bitcoins can be used in an offline marketplace as an offline currency because its existence is anchored online in the digital world. Simply put, if you have no means to connect to the internet, you cannot use Bitcoins as an offline currency unless you have it converted to fiat thereby it becomes acceptable by all merchants worldwide. You have to understand that not everyone accepts Bitcoin yet as a form of payment; that should be your first consideration.
Bitcoin and just like other crypto currencies need internet connection to work and be used for any transactions we can do therefore bitcoin will not do any good offline. You are right that it can be used offline once converted but of course it is not bitcoin anymore but is fiat currencies. If we do greed for it to be used offline, I think it will need to be legalized for it and it will not be soon and will take time.
Ok I may be too late to chip in. What if we embrace NFC technology for the bitcoins. the say we create plastic coins that have extremely nearfield nfc electronic chips. the coins then can be pre-programmed with say 1 bitcoin (a private key with one BTC is written on the chip memory) I strongly believe that these chips can be used NEARLY OFFLINE because a system (or APP ) can be created to verify the token offline. Users of the token just need verify the authenticity of the token and the final enduser can redeem the token value online and render the token worthless. Its complex but BTC on its own is complex, yet it was done.
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?
But what is your best answer of this question?
I do not think Bitcoins can be used in an offline marketplace as an offline currency because its existence is anchored online in the digital world. Simply put, if you have no means to connect to the internet, you cannot use Bitcoins as an offline currency unless you have it converted to fiat thereby it becomes acceptable by all merchants worldwide. You have to understand that not everyone accepts Bitcoin yet as a form of payment; that should be your first consideration.
Bitcoin is born 8 years back in the format of cryptocurrency as we aware that the bitcoin is the future of cryptocurrencies which is giving good returns and the purpose of using it online with the internet connection is must now if we think about offline currency is not going to solve the purpose of Bitcoin. So it is not possible to use bitcoin as offline currency.
Bitcoin is fully based on online. Any transaction of bitcoin needs to be done online.
Do you even read through this thread before blindly posting something? It is actually possible to use Bitcoin in an offline manner, but these sort of transactions will fully be a trust based practice.Paper wallets for example containing a private key giving access to 1BTC in funds, can be exchanged offline at any time, and that without actually using the network. In other words, it's somewhat of an off-chain transaction.
It's very simple to come up with that, but people always just assume that their logic is the correct one, where they completely discard all other aspects of how people can further utilize Bitcoin.
I think it's really hard at the moment. Bitcoin is a cryptocurrency so we can't use it without internet. Beside Bitcoin is not too popular and its still has some disadvantages that why it's still not legalized worldwide so we just can be able to use it in some countries or online market. I think we need to wait much longer to be able to use it as a offline currency.
The concept of cryptocurrency is itself online only so it is not possible to use bitcoin like offline currency. Bitcoin accepted in offline for sure governments will not accept it and the changing rates not let bitcoin to be used as normal offline currency. The strength of bitcoin is it is future currency supported by technology and the whole world is going to accept and change as per technology so we have to think and vision about it.
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 fully based on online. Any transaction of bitcoin needs to be done online. The crypto world is getting better. Bitcoin growth plays a main role in crypto growth in the market. Bitcoin being an online currency is must check safer than other fiat's. The wallets should kept so secured. But what is your best answer of this question?
Due to the nature of business, it will not be possible to use it offline.
However it's for today. Maybe in future, why not? Technology goes to the moon day by day.
However it's for today. Maybe in future, why not? Technology goes to the moon day by day.
Bitcoin is a online currency that we use in online transaction or online market and we don't really need a offline bitcoin cause we got money in our pocket.
I think it's impossible Bitcoin rely in the internet, bitcoin cannot be created if theres no internet in the first place so how you planning to use bitcoin without internet. Bitcoin is a digital currency that we use in online market so there's not a chance that it can be use offline.
It's obviously never will can be, it's impossible to do. Until whenever Bitcoin is a currency that is clearly different from the offline currency of the characteristics and its natures, that is only in the internet world (must be online) must be connected with an internet connection. Anything done with bitcoin, never can't to do like as a offline currency that can be transacting without internet.
At present it's not possible to make an transaction with bitcoin same as that we do with the paper money even without any internet connectivity. Here nothing seems to be a complication, because now everywhere internet connectivity is found, which makes transaction with bitcoin same as paper money.But we still have to consider that there are places that can't be reach by modernization especially remote areas. It makes it hard for them to connect to the world and adapt the modernization, what more to try to connect to the crypto world. Even if they know about bitcoin, earning it will be hard for them and it is possible for them to loss interest.
Bitcoin is one of the onilne currency.. it use not possible without internet. Because it is just online currency. it use just online market place. It is not possible use offline market place.. so it is very different.if you asked your friend ,you live without oxygen? Or fish live without water! I sure... He was scilently.. so at last , Bitcoin use not possible without internet connection. It is used just online market place.. and selling just online market.. so it is more important.
It's obviously never will can be, it's impossible to do. Until whenever Bitcoin is a currency that is clearly different from the offline currency of the characteristics and its natures, that is only in the internet world (must be online) must be connected with an internet connection. Anything done with bitcoin, never can't to do like as a offline currency that can be transacting without internet.
At present it's not possible to make an transaction with bitcoin same as that we do with the paper money even without any internet connectivity. Here nothing seems to be a complication, because now everywhere internet connectivity is found, which makes transaction with bitcoin same as paper money. Jump to: