Topic: Is it possible to use bitcoin like offline currency? - page 2. (Read 7825 times)
Right now there is no chances using bitcoin offline but maybe this will change in the future. Maybe signals are enough to do it. On the other hand, internet is becoming a basic need now and soon every parts of the world will have internet.
It would not be possible, because bitcoin uses blockchain technology and it requires an internet connection.
may anyone want to add or correct my opinion?
may anyone want to add or correct my opinion?
Yes, to transact in BTC we need to connect with the network. Without any internet we get isolated from the total network.
But don't just the bitcoin, without the internet we are not able to use the Paypal or any kind of cards(VISA, Mastercard etc). Our banking system are very much dependent to the internet now.
It would not be possible, because bitcoin uses blockchain technology and it requires an internet connection.
may anyone want to add or correct my opinion?
may anyone want to add or correct my opinion?
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?
In the meantime that's not possible for now, we can only use bitcoin through internet or data connection then without it of course bitcoin will be useless at all. Meaning offline is not possible in any form of digital 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?
It Must be an online currency because without internet you can't push the transaction on the network.
But... You can make an offline transaction. If you have the inputs and the private keys you can use the coin core to build the transaction. Give that code to some one as a payment and that person can push the transaction later. At end some one have to push the transaction and this mean it need a network for it.
So. an offline coin would be impossible because if no one push their transactions over the network then no one can verify them as valid transactions.
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?
You need some kind of connection to broadcast your transaction, so at the moment internet connection is required. However, there are works in progress to allow Bitcoin transactions to be broadcasted through Satellites.But what is your best answer of this question?
Blockstream already has one in operation.
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?
Bitcoin is a free currency, and no one is in charge of you, but there is no one to protect you, and everyone needs to arm themselves by studying the principles of bitcoin.
Bitcoin is a kind of network currency, which needs the support of the network to run normally.
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?
your answer is correct, because bitcoin is a digital currency that can be used when there is internet network, so if there is no internet network then bitcoin cannot be used ..But what is your best answer of this question?
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?
your answer is correct, because bitcoin is a digital currency that can be used when there is internet network, so if there is no internet network then bitcoin cannot be used .. But what is your best answer of this question?
I guess 22 pages of answers to the thread question saying No, it's not possible to be used offline is enough to prove the point. Thus, the answer is NO.
We dont need to separate online and offline currencies. It's an old way.
The internet seems to be like the only pathway for transactions of digital and crypto currencies like Bitcoin now. I'm still wondering how the offline mode of Bitcoin transaction would be.
No one in this world an actually use or can introduce such kind of method using which he can use any of the crypto currency as like we use normal offline currencies. Things work in a very different manner when you talk about crypto currencies and the very first thing which you need to have while talking about crypto currencies is having an interne connectivity for operating and regulating them.
We cannot use them as offline currency but there soon there will be an option to pay for Utility Bills etc through these cryptocurrencies. Many big market analysis are kept insisting us in future we can have the option that we can pay through cryptocurrency.
The internet seems to be like the only pathway for transactions of digital and crypto currencies like Bitcoin now. I'm still wondering how the offline mode of Bitcoin transaction would be.
No one in this world an actually use or can introduce such kind of method using which he can use any of the crypto currency as like we use normal offline currencies. Things work in a very different manner when you talk about crypto currencies and the very first thing which you need to have while talking about crypto currencies is having an interne connectivity for operating and regulating them.
The main requirement to be able to use bitcoin is that one must have an internet connection, thats why it is called digital currency. Without this, any type of transactions would not be possible. Here in our country, internet connection is very slow and not all can access internet. Most of the time i use mobile internet so i can access my bitcoin wallet, and its very hard on my part since i do not have wifi or other source of good internet connection.
I believe a paper wallet could be used for this. Usually on paper wallets you have printed address, amount of btc on it and private key which is hidden. However in order to be sure, you would need to check the address and for this you would need internet.
Paper wallets are indeed offline because they are physical but you still need an internet conection in order to scan those qr code or btc address printed on that paper wallet in order to do a transaction. so i guess there is no such thing as offline in the crypto world. if ever bitcoin can become available offline, it could surely be a hit because i think the transaction will now became instant.
The internet seems to be like the only pathway for transactions of digital and crypto currencies like Bitcoin now. I'm still wondering how the offline mode of Bitcoin transaction would be.
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?
You cannot use bitcoin without internet connetion it is the number one requirement on how to access bitcoin. Bitcoin can access only using internet if you dont have connection you cannot make any transaction in offline mode.
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?
You cannot use bitcoin without internet connetion it is the number one requirement on how to access bitcoin. Bitcoin can access only using internet if you dont have connection you cannot make any transaction in offline mode.
I believe a paper wallet could be used for this. Usually on paper wallets you have printed address, amount of btc on it and private key which is hidden. However in order to be sure, you would need to check the address and for this you would need internet.
I think it cant still developers need to develop bitcoin to be able to use in offline transaction which seems impossible because we all know we need internet access in order to access bitcoin wallets.So it seems like using as offline currency yes you can but you cant dispose and transact offline
It is not possible to develop the Bitcoin usage as offline currency because Bitcoin is an Internet and Digital currency where we can do the transaction if there is an internet, even for mining the Bitcoin we also need the internet connection.
Jump to: