Bitcoin satellite?

[the_poet]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

[BittyBatty]

Good.  And again, who is blockstream and the reason for this selfless help?

btw, great way to capture entire BTC traffic    cough   NSA cough

[Emoclaw]

Good.  And again, who is blockstream and the reason for this selfless help?

btw, great way to capture entire BTC traffic    cough   NSA cough

Blockstream is a company that employs several Bitcoin Core developers?

Also what are you even talking about? All Bitcoin transactions are recorded in the blockchain. What will the NSA "capture" exactly? Everything is already public.

[italianMiner72]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

the idea seems great...
but you know who satellite was just "one way" communications???
so, how to spend your bitcoins and how to broadcast your transactions??

[liuqi]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

This is quite impressive to me and feel great to be part of world's upcoming money usage system. They launched the satellite for bitcoin only this will reduce the block issues.
I expect fortune 500 companies to invest on bitcoin and blockchain technology business. That will provide the impact and great move on bitcoin.

[Turk Ace]

That's pretty cool. How does it work without an internet connection though ?

[raymond541]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

the idea seems great...
but you know who satellite was just "one way" communications???
so, how to spend your bitcoins and how to broadcast your transactions??

yeah the Idea is great.if this can be possible then so many will people will interact with bitcoin.
italianMiner72,I read through link there have nothing details how send or received and broadcast transactions.
I think all wallet will connected with satellite send or received and broadcast transactions.this feature will make bitcoin more popular.

[HabBear]

You still need to access the internet, they're just providing that access for free and it'll probably only be open to bitcoin transactions. They need to be connected to the Blockchain, which if it were taken off the internet would end the whole system (or at least the fundamental point of having an open and free money system).

Blockstream doesn't own the blockchain, they're just providing free access to the internet so no one has to pay an internet service provider for that access.

Let's keep the facts straight!

And do we care about people who don't have access to the internet having access to the blockchain if they only have dust to transact? Right now they can't even afford the transaction fees!

[audaciousbeing]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

After going through the article, I cannot but commend such initiative because it plans to cater quite an amount of the untapped population which is something I see as good news and the time those people are brought into the cryto net, the moon will be the starting point for the crypto world especially bitcoin. Aside that, the article also dwell on several happenings around the world to even further make a case for the penetration of bitcoin.

[bitcoinmaniac52]

One more step forward toward making Bitcoin the currency/money of the future. Thank you, Blockstream!

[L00n3y]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

After going through the article, I cannot but commend such initiative because it plans to cater quite an amount of the untapped population which is something I see as good news and the time those people are brought into the cryto net, the moon will be the starting point for the crypto world especially bitcoin. Aside that, the article also dwell on several happenings around the world to even further make a case for the penetration of bitcoin.

The need of internet connection to some places, especially in provinces and islands that don't have an internet connection is a hindrance to bitcoins full potential to make it as a legit currency. Having an independent satellite is good but we must know that this will require a very big budget ( maintenance and for launching the satellite ) and this will even make it prone for missile attacts and terrorism's. If they're going to lauch some satellite, they must back up the server here on the ground.

[italianMiner72]

italianMiner72,I read through link there have nothing details how send or received and broadcast transactions.
I think all wallet will connected with satellite send or received and broadcast transactions.this feature will make bitcoin more popular.

usually this kind of communications [satellite between end user and broadcast entwork] are one way only.
but bitcoin need to receive and trasmit.
i have read link and i see who they have nothing details how to broadcast transactions.
I wil aprreciate if they will give us more info about this "LITTLE" detail.

[LeGaulois]

You need an antenna and an USB https://github.com/blockstream/satellite Crazy project to say the least. Imagine all the buzz Bitcoin will get in major media More power to Bitcoin

[poolsleeper]

You need an antenna and an USB https://github.com/blockstream/satellite Crazy project to say the least. Imagine all the buzz Bitcoin will get in major media More power to Bitcoin

It's not convenient to use.

[SaShiRaJaVu]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

If they are really launching the satellite then it is a new step in the case of bitcoin and if that could help bitcoin in the future and could help users then it is a really great thing,i am not sure how much money you need to send a satellite but i really appreciate if they are thinking about launching it.

[serfsup]

If the satellite mines bitcoin, will it mine bitcoins more quickly in orbit because of General Relativity?

[OgNasty]

This is awesome.  Adding this to my list of projects to support.

[zarados]

It looks like Blockstream is launching a satellite that will make it possible to use Bitcoin without the need of an internet connection.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Sounds great.. the blockstream satellite, looks like it'll be a good reasong to hold your bitcoin, because there's a company that already make a big step for the future of this crypto.

[pooya87]

this sounds awesome, i need to study it more. thanks for sharing OP.

Good.  And again, who is blockstream and the reason for this selfless help?

btw, great way to capture entire BTC traffic    cough   NSA cough

here is the live "BTC traffic":
https://blockchain.info/unconfirmed-transactions
you can also get this if you run a full node and watch your memory pool

and here is the history of "BTC traffic":
https://blockchain.info/blocks
you can also get this by running a full node and watching your blockchain

go ahead and "capture" it.

[An0nyMoose]

this sounds awesome, i need to study it more. thanks for sharing OP.

Good.  And again, who is blockstream and the reason for this selfless help?

btw, great way to capture entire BTC traffic    cough   NSA cough

here is the live "BTC traffic":
https://blockchain.info/unconfirmed-transactions
you can also get this if you run a full node and watch your memory pool

and here is the history of "BTC traffic":
https://blockchain.info/blocks
you can also get this by running a full node and watching your blockchain

go ahead and "capture" it.

This is legit and exactly what we need to get 3rd world countries on board with BItcoin as most of them do not have reliable access to the internet in every home.