Topic: Is it possible to use bitcoin like offline currency? - page 8. (Read 7825 times)
At the moment and currently, it is not possible to shop bitcoin offline. It can only be told of verbally as to the value or fraction you have but the transfer itself is done by accessing the internet.
Blockchain technology is so made that only works online. Maybe it would be some way using NFC or contactless payments for offline payments and with later confirmation in blockchain. I wonder if it will be possible.
there are some stores that accept payments using Bitcoin, depending on government policy, if the government legalizes Bitcoin, of course, many stores are receiving payments using 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?
This bitcoin is cannot be used as offline because its nature of bitcoins and its design for online purpose as its growing and peoples doing hard work for spreading this hope they will do something for this also and we will able to use this offline but its very hard But what is your best answer of this question?
Absolutely yes,bitcoin cannot used offline because bitcoin is online digital currency that's why you need internet to make a transaction in bitcoin and it is required in digital crypto currency,and that is very impossible to use bitcoin in offline transaction because that is not same into fiat currency that no need internet and the benefits of bitcoin that you can pay easily your transaction without any hassle.
I think bitcoin is for online transaction it should be use in wifi or internet data. offline is just like paying a pyshical cash. one reason that i wanted to use BItcoin less hassle. i will not go to the bank and fall in line to make a transaction.
Bitcoin used by internet connectivity because it is a cryptocurrency that is why you can not use without connection unlike offline currency or paper money, fiat or country's currency that no need an internet connectivity then u can easily pay your expenses.
The main thing is that it needs internet and for internet you need a computer of phone. Without these things you are unable to use your bitcoin. I think that there is no need to use bitcoin offline because if you want to buy something in different country you will use internet to search that specific thing and when you decide to buy you can pay easily from your bitcoin wallet. The use of bitcoin is easy than offline currency. 
bitcoin is not designed to be like a real money which you can hold. what im sayin is it is only a program or data which which you can access using internet, you have your wallets on your gadgets or online because it's the only thing that can keep your online currency.
This is certainly the case, bitcoin is a currency of equal value throughout the world, it does not discriminate between rich and poor, skin color, race. You can use bitcoin to pay for all bitcoin accepting services around the world and the number of bitcoin accepting services is increasing in the future. Go around the world with just one electronic wallet that contains bitcoin, which is great.bitcoin is not designed to be like a real money which you can hold. what im sayin is it is only a program or data which which you can access using internet, you have your wallets on your gadgets or online because it's the only thing that can keep your online currency.
This is certainly the case, bitcoin is a currency of equal value throughout the world, it does not discriminate between rich and poor, skin color, race. You can use bitcoin to pay for all bitcoin accepting services around the world and the number of bitcoin accepting services is increasing in the future. Go around the world with just one electronic wallet that contains bitcoin, which is great.
Bitcoin used by internet connectivity because it is a cryptocurrency that is why you can not use without connection unlike offline currency or paper money, fiat or country's currency that no need an internet connectivity then u can easily pay your expenses.
I think Bitcoin is not a real world currency. That is you cannot use it in this real world. To use Bitcoin you must need inter connection. The main difference between a virtual currency and a real currency is inter connection. To me bitcoin had been designed for only Virtual currency. The main reason I think is it's price. If you had Bitcoin in your hand then you won't invest it. You will have more attraction for mining it. The price of Bitcoin is very very high comparing with the other currency. I don't think it will be a good idea to handle it in this real world. It is better in virtual world.
bitcoin is not designed to be like a real money which you can hold. what im sayin is it is only a program or data which which you can access using internet, you have your wallets on your gadgets or online because it's the only thing that can keep your online currency.
Just like the French currency, you can think of bitcoins as paper money, and you can put money in a pocket or purse. No need to register with the bank.
The private key you say is discovered, the privacy is unique, the secret cannot happen!
The private key you say is discovered, the privacy is unique, the secret cannot happen!
The main difference between the real currency and virtual currency is that the internet connection. Usually, we don't need inter to use for the purpose of paying and receiving fiat money, But Internet connection is mandatory for this purpose and without the internet connection you can't use Bitcoin.
Not only bitcoin but also every cryptocurrency requires the internet connection. this is the virtual world so you need to be connected to the internet system all the time.
Not only bitcoin but also every cryptocurrency requires the internet connection. this is the virtual world so you need to be connected to the internet system all the time.
No, Bitcoin is a virtual decentralized currency so that Bitcoin couldn't be as same as conventional currency. without internet, You can't use or transact Bitcoin without internet. so it's a challenge along with a barrier for this platform. I think it's a special criterion for this platform and virtual currency should be needed internet connection for sure, it's a simple equation.
So you have to think that Virtual or digital currency can't be transacted without the internet connection, That's the main difference between Real and Virtual Currency.
So you have to think that Virtual or digital currency can't be transacted without the internet connection, That's the main difference between Real and Virtual Currency.
Technically, bitcoin can be used offline - thanks to paperwallets. #hardcoresecurity
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 would not be possible due to bitcoin transaction process using internet network. You do not have to worry about this problem because people prefer an online based system. You can see bitcoin development at https://news.bitcoin.com/bitcoin-numbers-21-statistics-reveal-growing-demand-cryptocurrency/But what is your best answer of this question?
contains
Transaction
12,000: hourly transactions.
99.000: BTC sent per hour.
0.103 BTC: average transaction value.
Mining
Statistics for the week ending November 1st.11 million: network hashrate in TH / s.
166 GB: blockchain size.
$ 12.8 million: mining rewards in the last 24 hours.
129: blocks mined in the last 24 hours.
326,000: bitcoin transactions confirmed in the past 24 hours.
Its impossible because bitcoin is connected to internet that's why you can't use it in offline market. You can have your transactions, pay your bills through bitcoin but you can't do this without internet.
It's possible but i think it will takes more time to apply it into our life because there are many people out there that still don't know about bitcoins. If many people know and recognize bitcoin in the future, we will see people use bitcoin like offline currency.
Even though 99% people in this world knows or even owns bitcoin, it is still impossible to use it like offline currency. Do you forget that bitcoin is a digital currency which needs internet connection? How you expect it will be used like offline currency? It will be only possible if bitcoin has its own paper/real money but I doubt we will see it in the future like what we bring everyday in our pocket (real cash money).
This should not be possible with bitcoin, which is in the network, and if offline, bitcoin will not exist, let alone trade. The bitcoin transaction is not confirmed on the block, and the transaction is not confirmed, there is no transaction!
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?
Actually, it is depending on the situation. But as of now, it is still impossible because we cannot earn without connecting to the internet in our country. Maybe in the future, it could be possible. But if that would happen, maybe we are not alive anymore or if we are still alive, then it could be possible that we cannot earn bitcoin anymore.
You can use your local offline currency for your daily needs but in case of bitcoin it is not possible. For using bitcoin both the buyer and seller must have bitcoin wallet.
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