Pages:
Author

Topic: Is it possible to use bitcoin like offline currency? - page 9. (Read 7825 times)

full member
Activity: 294
Merit: 100
No, bitcoin can't be used offline. It is a virtual cryptocurrency, so work on internet only. It is not present physicaly so how it work offline.
For all processing related to bitcoin, internet is required, up to start from mining, buying, transfer, etc all require internet. So internet require to complete all processess of bitcoin.
member
Activity: 120
Merit: 10
This is not possible because bitcoin is made for the online world, so when using offline bitcoin it is useless and will not happen.
sr. member
Activity: 1918
Merit: 328
bitcoin can possibly work offline how would transaction go through but if it was offline it would be more safer
Even now bitcoin transaction is fair enough because it is not taking much time now; according to me it is not easy because bitcoin needs internet and it is from digital world so if bitcoin will increase in price will give us benefit by high transaction. If bitcoin will announced as offline currency it will make bitcoin price very high and will give huge profit. I know now bitcoin is helping people and it will help always and forever.
I think it is not possible because bitcoin is an online currency and internet is needed for use of bitcoin. Offline currency can be used without a computer and internet besides bitcoin is different.

There is nothing offline with bitcoin. But overall the use of bitcoin is far better than offline currency because if you want to buy something outside the country you will need to exchange your local currency into the required one but bitcoin is free of these things.
full member
Activity: 392
Merit: 100
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.
sr. member
Activity: 588
Merit: 254
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?

Actually it's possible to use bitcoin in offline marketplace. The problem is are there any place that accept bitcoin in real life as the payment ? Because it's really rare especially in my country. I don't know about other country but there is no marketplace or shops that accept bitcoin here, maybe it will happen in the future.
It is not really possible to use bitcoin offline to make transactions. Because we all know that bitcoin really involves the use of the internet. But you can actually exchange it first to your country's currency and cash it out through some banks and use it for transactions you want. That is how it goes in our country.
The main point is that in many countries bitcoin is still not acceptable and you will have to sell your bitcoins for cash to buy something of your need. If you want to use your bitcoin to buy something online then you can use your bitcoin but if you want to buy something in your local markets then it is not possible to use bitcoin like offline currency because it is not offline currency, it is a digital currency and you will have to use it online.
Acceptance is something else I guess the real take is to how to use bitcoin just like a fiat. I guess yes it is not created to use it like the traditional currencies. Why are people embracing bitcoin because they want to get rid of the traditional system. There are people who have not accepted cryptocurrency yet in the form of a proper currency and they want to drag it to the older system, forgetting that it's a technological revolution and insted of following the old trends it will compel the others to adopt it.
newbie
Activity: 11
Merit: 0
In places where bitcoins are accepted, bitcoin can be used as an offline payment tool. The only necessity being the availability of Internet, as transaction of bitcoins needs confirmation over the internet, unlike paper money.
hero member
Activity: 1022
Merit: 538
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?

Actually it's possible to use bitcoin in offline marketplace. The problem is are there any place that accept bitcoin in real life as the payment ? Because it's really rare especially in my country. I don't know about other country but there is no marketplace or shops that accept bitcoin here, maybe it will happen in the future.
It is not really possible to use bitcoin offline to make transactions. Because we all know that bitcoin really involves the use of the internet. But you can actually exchange it first to your country's currency and cash it out through some banks and use it for transactions you want. That is how it goes in our country.
The main point is that in many countries bitcoin is still not acceptable and you will have to sell your bitcoins for cash to buy something of your need. If you want to use your bitcoin to buy something online then you can use your bitcoin but if you want to buy something in your local markets then it is not possible to use bitcoin like offline currency because it is not offline currency, it is a digital currency and you will have to use it online.
newbie
Activity: 7
Merit: 0
in my own opinion, for now that bitcoin know as a cryptocurrency (online currency). there is no way to this to use like offline currency, first you need an internet to make transaction on bitcoin and second bitcoin is an online currency that you didnt hold or touch knor you have an internet. but who knows in the future hope they find ways to use it in offline currency in the future.

Offline Bitcoin is available, but internet connection is required to control it. So it literally loses the meaning of Bitcoin without internet, but physical Bitcoin can be used.

this is mean of online currency needed to internet and electric.
also  physical Bitcoin  need to be linked into Pc or any other device connected with internet
hero member
Activity: 1400
Merit: 536
in my own opinion, for now that bitcoin know as a cryptocurrency (online currency). there is no way to this to use like offline currency, first you need an internet to make transaction on bitcoin and second bitcoin is an online currency that you didnt hold or touch knor you have an internet. but who knows in the future hope they find ways to use it in offline currency in the future.

Offline Bitcoin is available, but internet connection is required to control it. So it literally loses the meaning of Bitcoin without internet, but physical Bitcoin can be used.
newbie
Activity: 11
Merit: 0
At the moment bitcoin can only be used online. There are no known physical forms of it, if there was then they can be used for offline transactions.
legendary
Activity: 1414
Merit: 1001
my opinion can not be used to spend bitcoin units in the offline market ,bitcoin has not been designed like gold that is easily redeemed in the offline market ,tell your friends bitcoin can not to spend on offline ,however can be used over to internet ,dont worry bitcoin growing rapidly in the future may be possible to shop in the offline market
I also think that internet is highly needed to have a transaction on Bitcoin system. Because it served a way for us to deal with transaction for one person or business to another. But if you are pertaining to holding or managing your Bitcoin, there is way you could hold your Bitcoin in an offline way but not as an offline currency.
It should all fit with the existing conditions, if we really want Bitcoin to be used as a currency it would be impossible to do offline, Bitcoin has been designed and working with a centralized system so we all have to do data to the server when it sends bitcoin. While as you say that Bitcoin can be offline when we store it in the wallet offline and we do not do the delivery of Bitcoin (Hold Bitcoin). It is a choice and a sure thing that when we want Bitcoin to buy an item or do any Bitcoin shipping transactions then offline way of working we can not apply.
legendary
Activity: 3500
Merit: 1354
Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.
Of course bitcoin is a usable currency and one can use his bitcoin anywhere in the world for his purchases. You can use your bitcoin as you use your debit or credit cards. You have invested your money in bitcoin and it is the beauty of bitcoin that it is not only a business but also a usable currency.

Its use it far better than regular currency because if you want to buy something in other country you will have to send them money and also need transfer, while bitcoin is free of these things.

Which things you are talking about? When you are going to buy something from other country, both bitcoin and real money works in the same way IMO. You need to send money/bitcoin to the buyer and obviously you need to pay the transaction fees. I dont get what you mean by bitcoin is free of these things because I dont see any free things when you are doing bitcoin transaction.
member
Activity: 224
Merit: 10
I love Beauty
Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.
Of course bitcoin is a usable currency and one can use his bitcoin anywhere in the world for his purchases. You can use your bitcoin as you use your debit or credit cards. You have invested your money in bitcoin and it is the beauty of bitcoin that it is not only a business but also a usable currency.

Its use it far better than regular currency because if you want to buy something in other country you will have to send them money and also need transfer, while bitcoin is free of these things.
WOW Nice Ansar . Thanks so much for understanding It's been a long time, we are still going to question
member
Activity: 224
Merit: 10
I love Beauty
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?
Currency is online and offline Equal to me.I do not see two separations I think offline coins help us more... Smiley
newbie
Activity: 182
Merit: 0
I don't think so because bitcoin is online world and there is no way we can use it as offline currency
hero member
Activity: 1610
Merit: 507
of course, it is possible but before we can use bitcoin like offline currency, we need to make sure that there is any local store that accepting bitcoin and we need to check also if there is an internet connection because bitcoin depends with the internet. if everything is easy to find, then we can use bitcoin to pay something in real life and we don't have to use the money if we want to go shopping. we only need to carry wallet from android phone and pay with scanning the code.
sr. member
Activity: 672
Merit: 250
my opinion can not be used to spend bitcoin units in the offline market ,bitcoin has not been designed like gold that is easily redeemed in the offline market ,tell your friends bitcoin can not to spend on offline ,however can be used over to internet ,dont worry bitcoin growing rapidly in the future may be possible to shop in the offline market
I also think that internet is highly needed to have a transaction on Bitcoin system. Because it served a way for us to deal with transaction for one person or business to another. But if you are pertaining to holding or managing your Bitcoin, there is way you could hold your Bitcoin in an offline way but not as an offline currency.
full member
Activity: 462
Merit: 101
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?
That's a good answer, because bitcoins are created for the online world, bitcoins can not be used for the offline world.
sr. member
Activity: 994
Merit: 256
Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.
Of course bitcoin is a usable currency and one can use his bitcoin anywhere in the world for his purchases. You can use your bitcoin as you use your debit or credit cards. You have invested your money in bitcoin and it is the beauty of bitcoin that it is not only a business but also a usable currency.

Its use it far better than regular currency because if you want to buy something in other country you will have to send them money and also need transfer, while bitcoin is free of these things.
In my opinion, it is not possible to use bitcoin and all other crypto coins like that of offline currencies. All the digital currencies which are there in the present world do need to have an internet connection in order to perform different kind of transactions and stuff like that. There is no other possible option of using those cryptocurrencies and treating them like an offline currencies.
sr. member
Activity: 910
Merit: 260
Bitcoin is reach the all country people. So it will use for the business process and future invest. Bitcoin is good opportunity for the future improvement. Bitcoin is digital currency so it will connect the all country people. It will transaction to easy and any time any where to transaction.  Bitcoin is use the all country people. If use in offline currency. People use to for the purchase some purposs.
Pages:
Jump to: