Pages:
Author

Topic: Is it possible to use bitcoin like offline currency? - page 5. (Read 7817 times)

hero member
Activity: 728
Merit: 502
I don’t think that it’s possible to use bitcoin offline. First of all bitcoin is a digital currency and basically having internet connection is the only possible way to access bitcoin.  You have to be online for you to make faster transactions using crypto currency or bitcoin.
No doubt bitcoin is the digital currency and it can be use as online for internet access because using bitcoin needs many tools like bitcoin gadgets and intranet and electricity. They call it as digital currency so digital means something related to internet and internet is all based on electricity now! We are using it only way of online not the off line right now but maybe in future they will find some way to use it offline as well.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
Using of bitcoin similar to offline currency is impossible, because each and everything happening in terms of transaction and other processes were entirely dependent on internet connectivity. Maybe when the adoption takes place in large scale we can expect such offline usage getting into effect.
MMA
legendary
Activity: 1134
Merit: 1000
this is not possible because this is decentralized and Digital currency no body can hold it people are doing mining investment that is possible through by internet only so there is lot of things like that may be in future can do anything where people can take advantage from it will be easy to use it.

Yes you are right bitcoin cannot be used as an offline currencies because it is an online crypto currency so you will not convert as normal paper currency if you want to use the only way is to exchange bitcoin as your home country currency . In future it may be possible it will very useful for bitcoin users .
Yes it may not be possible to use bitcoin as online currency, but still we can use it for shopping in offline shops, which only available for local people to facilitate them. Although in current time such shops will be very limited and may be present in some developed and modern countries, but with the passage of time we can expect that it will even become possible in backward countries.
sr. member
Activity: 994
Merit: 252
It can be possible to use Bitcoin like offline currency. The solution would be, not to transfer the Bitcoins but to handover wallets with predifined funds. But there must be solved one problem: You need a centralized service, which provides certificates and encryptes private keys.
If it have a centralized service, which provides certificates and encryptes private keys, you still need internet to connect and confirm transaction, so i think Bitcoin is not possible to use bitcoin like offline currency because it's just digital money and if it need have internet to able to work. It's too hard to using it like physical money in the life.
No matter which kind of service you do have or you get the things which you want to have, even then there will one thing which you will needing in all the cases and that is having a facility of an internet. If you lack this, then you will not be able to do anything related to that of crypto currencies. There is a difference between crypto coins and other regular currencies and they cannot be treated in a similar fashion.
newbie
Activity: 50
Merit: 0
I saw several shops in which you could pay with crypto currency, I did not try it myself, but I saw how others did it! But it was not bitcoin! Whether there are places where it is possible to pay off bitcoin I have not seen, but I think in the future it will be almost everywhere!BTCBTCBTC
newbie
Activity: 81
Merit: 0
While you can store your Bitcoins offline through hardware wallets, the only way to transfer them is through the internet since transactions need to be connected and confirmed in the blockchain.
member
Activity: 153
Merit: 10
It can be possible to use Bitcoin like offline currency. The solution would be, not to transfer the Bitcoins but to handover wallets with predifined funds. But there must be solved one problem: You need a centralized service, which provides certificates and encryptes private keys.
If it have a centralized service, which provides certificates and encryptes private keys, you still need internet to connect and confirm transaction, so i think Bitcoin is not possible to use bitcoin like offline currency because it's just digital money and if it need have internet to able to work. It's too hard to using it like physical money in the life.
jr. member
Activity: 168
Merit: 5
Now You Can Be The Bookmaker!
While I am trying to answer this question, I came to think that if it is offline it might or should appear like a paper currency and thus it will be like money in paper. So what else then is the difference? I think it might forfeit some of its functions as being an online or digital currency. If this is turned to paper for offline use, I think their is a possibility of it being faked as it would be hard to directly check these papers authenticity.
hero member
Activity: 854
Merit: 501
this is not possible because this is decentralized and Digital currency no body can hold it people are doing mining investment that is possible through by internet only so there is lot of things like that may be in future can do anything where people can take advantage from it will be easy to use it.
There is a huge difference in between all the digital currencies and other regular currencies. All the regular currencies are independent of internet and there is no such need of having an internet connection to perform any of the transaction or any other thing like that.

On the other hand, when it comes to that of digital currencies having an internet connection is no doubt a must condition and there seems no possible way of using them like offline currencies.
member
Activity: 462
Merit: 11
In my opinion even though Bitcoin is mostly using in transactions online people should consider it as a mode of payment. I know that only few stores and only the online market place do this but I think that Bitcoin is intended for that purpose. And if more shops or market place accept it then it will really be beneficial to us.
full member
Activity: 182
Merit: 102
I don’t think that it’s possible to use bitcoin offline. First of all bitcoin is a digital currency and basically having internet connection is the only possible way to access bitcoin.  You have to be online for you to make faster transactions using crypto currency or bitcoin.
member
Activity: 546
Merit: 32
this is not possible because this is decentralized and Digital currency no body can hold it people are doing mining investment that is possible through by internet only so there is lot of things like that may be in future can do anything where people can take advantage from it will be easy to use it.

Yes you are right bitcoin cannot be used as an offline currencies because it is an online crypto currency so you will not convert as normal paper currency if you want to use the only way is to exchange bitcoin as your home country currency . In future it may be possible it will very useful for bitcoin users .
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
this is not possible because this is decentralized and Digital currency no body can hold it people are doing mining investment that is possible through by internet only so there is lot of things like that may be in future can do anything where people can take advantage from it will be easy to use it.
full member
Activity: 209
Merit: 100
In my opinion bitcoin cannot use as offline currency because no one had seen bitcoin that how it actually it looks and the another most important thing is bitcoin is a digital currency which means you have a access to internet for its use.
I guess it is not possible to use bitcoin as an offline currency because it takes a lot of considerations before it can be. You have to have an access with the internet because most transactions operates with the internet, it is a digital currency with digital operations. You have to have a gadget that can access bitcoin, because you'll need it together with the internet
full member
Activity: 336
Merit: 100
is it possible bitcoin without currency .... it could not be this a wrong bitcoin question keep using online currency. you can choose with dollars or euros. every sale you can have a currency that is customized in your country.
newbie
Activity: 351
Merit: 0
It is not possible to use the bitcoin as an offline currency. Because bitcoin runs in online, if there’s no internet you cannot use your bitcoin. And besides bitcoin is formulated by blockchain servers which needs an internet.
newbie
Activity: 13
Merit: 2
Bitcoin is the most typical of crypto currency, first published, and widely used in e-commerce with small transaction costs and not through intermediary organizations. Bitcoin is like real money but can not be used in offline market such as cash but can only be used online based on internet transactions.
newbie
Activity: 16
Merit: 0
Bitcoin is the most prevalent codec, first introduced, and widely used in e-commerce with low transaction costs and no intermediary organizations. Bitcoin is like real money but can not be used in offline environments such as cash but can only be used online based on internet transactions.
newbie
Activity: 16
Merit: 0
Bitcoin is known as the payment currency very fast, secure and applied to online services. However, from 2015 onwards, many businesses use this currency as a method of payment, both online and offline.
newbie
Activity: 14
Merit: 0
Bitcoin  is used to buy valuable thing as real money, and it can be exchanged. We can exchange the crypto currency to take real money with huge value.
We can say that at this time bitcoin is the world's most valuable coins.
Pages:
Jump to: