Topic: Is it possible to use bitcoin like offline currency? - page 20. (Read 7825 times)
personally, i dont think it is. its online use/restriction is one of the reasons why it is called crypto currency
Even to a far extent, I don't know of a cryptocurrency that is worked on or used without access to the internet.
Bitcoin is created to be used with the access to the internet. Its value and processes are all internet based including its calculator (bitkoin.io).
The internet usage of bitcoin is the more reason that it will be difficult for bitcoin to take over fiat.
Bitcoin is created to be used with the access to the internet. Its value and processes are all internet based including its calculator (bitkoin.io).
The internet usage of bitcoin is the more reason that it will be difficult for bitcoin to take over fiat.
it is not possible to use bitcoin offline, It's an online transactions so it requires a network to work throughout and deliver instruction and sets of command given by each users, except there are other means which I don't know or too sure of.
I think it is not possible, you would have to create some kind of "LAN" cryptocurrency, but it totally doesnt make sense for me, why would you use some cryptocurrency that is only available to use between few computers connected with one, same internet?
I don’t know what you talking about ,but you seem not to get the question. The op was asking if it’s possible for him to make use of Bitcoin offline. And to the op, there is no way you can use Bitcoin offline, cause it is only meant it be a digital stock and not a currency, therefore requires no physical form. Unless you will kind of use your Bitcoin and convert it to physical form by using to construct/build it with a BTC sign on it, but nobody would even look at you. You better find some kind of material to wear it as a medal lol, cause what you made was a medal and is no Currency.
At the moment it's not possible to use bitcoin like offline currency. To achieve the same fiat convenience, bitcoin has a long way to go. The advantage of bitcoin is obvious but there are still many disadvantages. Hope we can see this in the near future.
If someone asks whether Bitcoin can be used just like offline currencies, best thing to do is ask them a question whether Gold can be used for online activities. Gold is normally what we use to compare Bitcoin, and it can’t be used online except offline. So the same thing is what applies to Bitcoin, except that Bitcoin can be used online and not offline. Both of them are the opposite of each other.
Maybe all of you will be amazed because I say Yes. We can use it even offline. For example let's take this, we have cold wallet where we store bitcoins and we have to pay something that costs for example 10 bitcoin (we have this 10 bitcoin in wallet too, not more or less). Now what we do, we give private keys and etc to pay someone, that's all, we used it offline.
I think bitcoin can not be used offline currency, because almost all bitcoin transactions are done online. Explain to him that bitcoin is a digital currency that can only be used online.
Well I want to know why it cannot be use as the offline currency because now everything and the time to the bitcoin use the opposite according to your thinking and the way of the making money now all the people are using the bitcoin as the payment and they are investing and paying at the same time so for me the bitcoin is the best for the payment and the offline wallet will help us in this regard. 
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?
We know that internet is most important element for bitcoin. Without internet, we can't think the process of bitcoin. It is an online based crypto currency. It is not designed for offline. For transaction and use it, internet connection is must be needed.But what is your best answer of this question?
Bitcoin could not be used as offline currency.It is created as a decentralized currency by satoshi uncontrolled by any central authority.
Since there is no central authority,there is no chance for it to be printed physically as a paper note or as a physical coin and could not be issued for circulation.
Also,we could not expect any private organization to issue such physical coins and even if it issues,we could not be able to say that all bitcoin users would trust and use it instead of bitcoins.
So,the only possible option left is to use bitcoin just as a digital currency in online only.
Since there is no central authority,there is no chance for it to be printed physically as a paper note or as a physical coin and could not be issued for circulation.
Also,we could not expect any private organization to issue such physical coins and even if it issues,we could not be able to say that all bitcoin users would trust and use it instead of bitcoins.
So,the only possible option left is to use bitcoin just as a digital currency in online only.
bitcoin can never be used for offline currency, because bitcoin has no physical like fiat currency and and every transactions of bitcoin is always need a network, so it's certainly a bitcoin can only be used for online transactions.
It obviously can function as offline 'currency', but the major drawback is that you then solely depend on trust, which is something that has no actual value in the real world with the sheer number of con artists.Take loaded physical Bitcoins as an example. These allow you to transact offline (off-chain) without actually needing an internet connection ~ you just hand your physical coin to Joe, and Joe hands you whatever you want from him.
The physical coins are nothing more than an attribute making it easy to exchange private keys back and forth. You could just use a paper wallet or whatever else with the private keys printed/engraved on 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?
But what is your best answer of this question?
Nowadays is not yet possible to be use as offline currency. It is only can be use for online electronic payment for the meantime.
But who knows someday bitcoin can be use even offline but I don't know how it will happen.
bitcoin can never be used for offline currency, because bitcoin has no physical like fiat currency and and every transactions of bitcoin is always need a network, so it's certainly a bitcoin can only be used for online transactions.
At the moment it's not possible to use bitcoin like offline currency. To achieve the same fiat convenience, bitcoin has a long way to go. The advantage of bitcoin is obvious but there are still many disadvantages. Hope we can see this in the near future.
Yes, it has got more advantages and few disadvantages which makes it unused and reduce the growth in terms of popularity. It's not possible to achieve the fiat convenience in the short or long run until each and every people gets educated to some level. The name itself shows it cannot function without internet, most of the time it's represented as online money.
At the moment it's not possible to use bitcoin like offline currency. To achieve the same fiat convenience, bitcoin has a long way to go. The advantage of bitcoin is obvious but there are still many disadvantages. Hope we can see this in the near future.
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?
If you are asking it for now in our generation, my answer is not possible. Because, we all knew that bitcoin can only be used through internet connection and nothing else. Meaning, no internet bitcoin is useless for sure.
We will start seeing cards connected to wallets being used over time and then being debited as you convert to fiat or make payments offline without having to connect directly to your wallet online. Some have done it and much more coming as time goes on.
Not possible, but the world is getting so connected that it shouldn't be a problem in the future.
Well you are right now a lot of the people are getting in the bitcoin and they are holding the bitcoin ad the side source of eh bitcoin so I think it is having the lots of the offline wallets as well. The bitcoin is now earn use even if you are holding the bitcoin and the bitcoin now having the offline bitcoin the price and the value of the bitcoin will give you the bright side of the bitcoin.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 digital currency and it can't be used in offline marketplace. You can use bitcoins for making payment to your online transactions only. There are some offline stores that do accept payment in bitcoin maybe in future you can make payment with bitcoins with POS machine but as of now you are limited to use it for online transactions only.
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 is not something you can use offline as you most definitely need to access your wallet online anyway. However, there are so many ways you can cash out in fiat if use any available exchange around you. Over time as we keep developing, time may come when we will start seeing more debit cards linked to an account and then many stores or merchants accepting it and then we may start enjoying not having to connect online all the time to make use of the currency. But what is your best answer of this question?
Not possible, but the world is getting so connected that it shouldn't be a problem in the future.
Well you are right now a lot of the people are getting in the bitcoin and they are holding the bitcoin ad the side source of eh bitcoin so I think it is having the lots of the offline wallets as well. The bitcoin is now earn use even if you are holding the bitcoin and the bitcoin now having the offline bitcoin the price and the value of the bitcoin will give you the bright side of the bitcoin. 
The best answer to what your friend have asked is as simple telling the truth. It can’t but you don’t have to worry about that if that makes him more uncomfortable with bitcoin knowingly that he can’t used it on that way then let him be. Does it really matters? Because the last time I know about this generation we are more online than offline in more of the time. It’s like we can’t even live without internet nowadays. So be honest to him and that be the best answer.
It is not possible to use bitcoin like offline currency because it is not regular currency and the people in ordinary places and small markets will never accept bitcoin as their payments. So I think that is not possible till date. May be after a long time in the far future it becomes possible but there are no signs for accepting bitcoin by the low income community. They even do not know anything about bitcoin. 
But the big question is that which company would come forward to do so and how many people will trust it.Since there is no central authority for bitcoin being a decentralized currency,it seems highly impossible for that to happen.
It will not work out well when it comes to being a viable option for mass use. Everything you do will all come down to you exchanging private keys, and for that reason it will always be based on trust. If we browse through this thread, then we'll see that someone came up with something similar to what you're talking about (Google opendime) and despite them stating that it's 'bullet proof', I am not exactly sure how well it works out in reality. I would never ever trust something like that personally -- I just trust on my own cold wallets, and that's really it.
For me offline business means business in just my local markets because of the low investment and that’s why bitcoin is not the solution.
Jump to: