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Author Topic: Is it possible to use bitcoin like offline currency?  (Read 6819 times)
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October 27, 2017, 06:57:37 PM
#1

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?

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October 27, 2017, 07:26:55 PM
#2

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
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October 27, 2017, 07:32:30 PM
#3

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

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October 27, 2017, 07:48:41 PM
#4

Bitcoin needs internet to survive. But someone could create a business which sell physical coins for BTCs. Example: You give me 1 BTC and I give you physical coins worthing 1 BTC to spend "offline", but first this feature should be supported by several stores to have effect... Maybe governments can create this feature in the future.

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October 27, 2017, 08:22:08 PM
#5

Internet is the most important thing everyone need to be able to use Bitcoin so using Bitcoin in offline market I think it's impossible Smiley). If your friend still want to know the answer I think you just need to ask him that "Do you think a fish can live without water?" or "Can you live without Oxygen?" Smiley). I believe he will never asking you that question again Smiley)
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October 27, 2017, 10:48:07 PM
#6

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's not possible to use Bitcoin without the internet. You need to be connected to the internet in order to get your transactions on the blockchain.
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October 27, 2017, 11:21:54 PM
#7

Bitcoin will only be produced with the help of the miners > miners can't mine without mining rig and internet. And as we send bitcoin, we need miners to make our transactions confirmed or else our payments that was sent to the market will not be confirmed. We can't use bitcoin offline because it's major need is the internet so without the help of internet the whole bitcoin market is going to be dead. Even you'll send them your payment but without internet you'll get stuck.

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October 28, 2017, 02:23:03 AM
#8

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.


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October 28, 2017, 03:49:13 AM
#9

Iím even curious to know how paper bitcoin works.. Iíve want to try this option on storing bitcoin and if we can used it on purchasing in a store accepting bitcoin as payment.. This would answer our question and might be a good way of spending bitcoin with a hard copy like cash..

For the maintime maybe we need to be honest that online currency canít be used without internet..
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October 28, 2017, 04:05:03 AM
#10

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?
As we know bitcoin was designed to make transactions faster than regular method we use in transferring fiat currency.
Bitcoin has no physical shape, it can be stored offline in paper wallets, hardware wallets like trezor, electrum but must have internet connection to pay for goods or any other services.
Not possible to be paid offline,this is the uniqueness in digital currencies

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October 28, 2017, 05:28:36 AM
#11

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?


Its not possible we can only use bitcoin online so if theres no internet we cant access it.

There is no way to use it offline like physical money, i think this is one of the few reasons why many are still not aware of the existence of bitcoin, if you dont have connection then you wouldnt know whats happening online.


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October 28, 2017, 06:52:35 AM
#12

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?
Yes you are right we can not used bitcoin in offline market also you can not access your bitcoin if you have no internet connection, there is an option to used bitcoin just exchange it to cash and spend it anywhere you want but direct bitcoin is impossible nowadays.

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October 28, 2017, 07:29:56 AM
#13

Theoretically it is possible to create, sign and "broadcast" a transaction offline (at least broadcast it to vendor/partner/..).
But without the internet this transaction can't be verified, therefore its not valid yet.
Bitcoin wont die without internet from one second to another.. but its not usable as a currency as we expect it.
You could also, theoretically, fork off from bitcoin and "use" this forked chain/coin on an intranet.
This still would be "offline".. but you definitely need connection to other miners/nodes.

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October 28, 2017, 07:55:31 AM
#14

Theoretically it is possible to create, sign and "broadcast" a transaction offline (at least broadcast it to vendor/partner/..).
But without the internet this transaction can't be verified, therefore its not valid yet.
Bitcoin wont die without internet from one second to another.. but its not usable as a currency as we expect it.
You could also, theoretically, fork off from bitcoin and "use" this forked chain/coin on an intranet.
This still would be "offline".. but you definitely need connection to other miners/nodes.

May soon in future we may find the offline OQ code transaction facility for the bitcoin transaction. I do research about it is that achievable to make software which transfer the bitcoin with in mined by the mobile processor and transaction to be reached to destination wallet with in few seconds. Network blocks should increase double the amount now.
If any corporate work on this idea surely they will get into the more business by create a software for this.

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October 28, 2017, 08:04:55 AM
#15

Offline transaction in bitcoin is not yet possible, because it is digital currency and no physical money to spend in offline market. But i think more years past dev will develop or create coin or paper money to used for offline.
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October 28, 2017, 11:08:21 AM
#16

Bitcoin is accepted as a currency on both online and offline/physical stores, but offline transaction is a bit tricky, but not quite impossible.

There is OpenDime, Bitcoin credit stick that allows you to spend Bitcoin like a dollar bill. It's a hybrid between hardware wallet and physical Bitcoin, disposable hardware wallet to be used as cash. You can load OpenDimes with various denominations of Bitcoin and spend preloaded OpenDimes offline on Bitcoin accepting physical stores. It isn't cost-effective for small amounts of transactions.

https://opendime.com

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October 28, 2017, 11:25:34 AM
#17

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?

At the present moment today, bitcoin cannot be used offline because without the internet, even offline desktop wallet won't synchronise and nothing can be done. Maybe in the future based on the news I read some months back about a project that is looking at launching a satellite that intends to make bitcoin available offline through the use of USSD or something like that, we still have to do with what we have currently which is ensuring one is online to send and receive.

However, its not necessary that the market needs to be online as if I own a store, you walk in and I tell you to pay me bitcoin, even though you pay online, my shop is offline and the market is also offline.

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October 28, 2017, 11:36:53 AM
#18

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.

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October 28, 2017, 12:02:04 PM
#19

Bitcoin is accepted as a currency on both online and offline/physical stores, but offline transaction is a bit tricky, but not quite impossible.

There is OpenDime, Bitcoin credit stick that allows you to spend Bitcoin like a dollar bill. It's a hybrid between hardware wallet and physical Bitcoin, disposable hardware wallet to be used as cash. You can load OpenDimes with various denominations of Bitcoin and spend preloaded OpenDimes offline on Bitcoin accepting physical stores. It isn't cost-effective for small amounts of transactions.

https://opendime.com

How it is option for the offiline stores I do not think these kind of stores accepted the bitcoin because the transaction will be made the online wallet application or through any desktop but we need effort of miners to help in the transaction right! then how it is possible for offline transactions.
Where is location you said that store is located.

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October 28, 2017, 01:08:36 PM
#20

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?

I think this is difficult to do because mostly or all of bitcoin transactions were using the internet to accept, pays, sells, or buy something using the said currency. If there's a system(I don't know if there are yet or I'm just not familiar) that will make your bitcoin accessible offline like those papers then this would be possible to happen.

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October 28, 2017, 01:12:48 PM
#21

Bitcoin was made to be online itself, so it needs to be online to function. Even though you can use some hard wallets to trade, invest or anything that undergoes transactions, you still need internet to have full control to it.

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October 28, 2017, 01:13:17 PM
#22

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's quite simple if you know about the bitcoin and blockchain technology. We can't do it because the transactions are on public ledger (blockchain) which require internet for confirmation and process. May be in future we will find a way out to use it offline too but still we are unable to so.


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October 28, 2017, 01:16:29 PM
#23

There is OpenDime

I just looked through some videos explaining what it does, and what I find the most interesting part, is the fact that the private key gets generated at initial setup. In other words, even the manufacturer where it comes from will not have any clue about what the private key might be (great for paranoid people like me). I am not much interested in the aspect of using it to spend it as cash, but it definitely looks like a decent and cheap way of using it for P2P trading purposes without needing to transact on-chain. I'll do some more research on this and will likely buy it afterwards - thanks for pointing out. It shows that at least someone is contributing with worthwhile posts.

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October 28, 2017, 01:27:55 PM
#24

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?

Since everything that is offline is static, it is only used in storage, which means no more than storage.



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October 28, 2017, 01:35:12 PM
#25

maybe if directly bitcoin into offline payment is impossible, because bitcoin works online, its mean that bitcoin transaction need internet connection, from send, receive, and check balance. but it will possible if there are 3rd party that open a project that will convert bitcoin into card balance maybe, like visa card or like android pay (NFC)

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October 28, 2017, 02:57:24 PM
#26

I think it will be hard to think of something to use bitcoin offline because firstly, it was made for online purposes that is why it is build online and the foundations would be very hard to change.
Secondly. Transactions are based on web.
Most probably some are already thinking ways to manage this.  Some have virtual cards as proposed and it's involved in some project but I think it would still need time.  I think it would be awesome having bitcoin offline as payment. Maybe when it's already in wider use.

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October 28, 2017, 03:13:01 PM
#27

IMO, bitcoin at the present can not replace offline currency. Bitcoin is only traded online. If the Internet becomes popular, people will be able to access it everywhere. Bitcoin will probably replace offline currency. In my country, a number of universities have begun to pay tuition fees by bitcoin  Grin
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October 28, 2017, 03:25:59 PM
#28

I think it's not possible cryptocurrency are made for online purposes without internet there's no cryptocurrency. It will shut down and lots of investment will be lost, especially to the large companies that invest in bitcoin. You can't send or receive bitcoin without internet. the connection is essential it is the brain of trading. That is one of the risk factors of having a large amount of bitcoins but don't worry, the chances that it will happen is so small especially our technology is improving same on the internet.

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October 28, 2017, 03:29:38 PM
#29

Technically, this is possible. This has been proven by many users. But no one will want to do this and complicate their lives. Btkoin is the currency for online payments
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October 28, 2017, 04:19:20 PM
#30

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?
From the word itself you could already answer that stuff from the wordonline currency then its understandable it is really be used for online transaction knowing that bitcoin doesn't have physical form which can be used on offline just like on local fiats.For now adoption doesn't reach on that state where bitcoin can be used like fiats and I do believe it would just still remain as it is.Bitcoin is solely being created for that purpose.It might be adopted later on but it wont really come to a point to be used offline.Hope this explanation would help you out.

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October 28, 2017, 04:20:16 PM
#31

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?
The bitcoin system still runs online. But if you mean offline store then it could happen, now it's a lot of offline stores that start receiving bitcoin like restaurant and some seller of electronic goods. So make sure that nowadays many bitcoin users understand this. Bitcoin still uses the online system and requires an internet connection to make transactions.

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October 28, 2017, 05:03:09 PM
#32

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.



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October 28, 2017, 06:45:36 PM
#33

Technically, this is possible. This has been proven by many users. But no one will want to do this and complicate their lives. Btkoin is the currency for online payments
I just think that using bitcoin offline is not possible, because bitcoin usage requires access to internet and internet connection is the main capital to make payment using bitcoin. and for offline use I never thought that it could really happen, but all there is a way, and could be realized and mingkin there is an application that supports it without the internet

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October 28, 2017, 07:05:43 PM
#34

Crypto currencies were all created online. Bitcoin is all about online based crypto. As of now, the bitcoins based transactions can be done only online. Hope to have all other options like other currencies would be set soon. We can expect this happen as bitcoin is in line with massive growth.

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October 28, 2017, 09:01:33 PM
#35

Technically, this is possible. This has been proven by many users. But no one will want to do this and complicate their lives. Btkoin is the currency for online payments

Technically it's possible? Yes it's possible but there's no confirmation from the blockchain network if there's no internet. We know that bitcoin needs internet in able to be used. And that's why we can't use bitcoin if we are going to use it as an offline currency. All crypto's require internet in able to send to other wallets so if you really want to use bitcoin offline, you are doing it wrong.

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October 28, 2017, 11:46:39 PM
#36

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?
No I donít think so because bitcoin is a digital currency and digital means no physical existence and no physical existence means that no one can use it offline. You must need computer and internet to use your bitcoin. Your account is computerized and computerized means need computer to use. Thatís why I think that bitcoin cannot be used offline. It can be used only online and need with computer and internet.
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October 29, 2017, 12:47:17 AM
#37

Not possible, but the world is getting so connected that it shouldn't be a problem in the future.
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October 29, 2017, 01:28:30 AM
#38

It's possible to use bitcoin on a day to day transaction like fiat it depends on the place if they accept alternative payments but I wouldn't use them on small transactions like food and drinks because the transaction fees are skyrocketing as of the moment 70k satoshi or $4  just to get a fast confirmation. Fiat is much better to use and you'll save more if you think about it.

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October 29, 2017, 02:06:02 AM
#39

Indeed bitcoin can only be used in an online store and market right now but it is slowly making making progress from surpassing that limit to be able to use online bitcoin as of now is developing bitcoin ATMS, and physical coins that can be used to buy goods and daily neccessities i believe there is an article in the web about it . Bitcoin is open source so its not impossible for people to find ways to use it offline.

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October 29, 2017, 10:29:33 AM
#40

Bitcoin is a digital currency and so it could not be used offline.But if a reputable company comes forward and issues physical coins for bitcoins and gives assurance that it would pay for the current market price of bitcoin if that physical coin returned,then there is a chance for bitcoin to be used offline.

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.

       


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October 29, 2017, 06:08:51 PM
#41

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?

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.

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October 29, 2017, 09:06:56 PM
#42

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?

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.
Since bitcoin is a digital currency it is impossible to used it as offline currency, however if the crypto currency create and release physical currency it was not included as electronic money. Maybe there's a possible to used it in local if they were provide a machine that accept bitcoin in each stores or shop. But for now it's hard to believe that they can do it for short period of time.

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October 29, 2017, 10:11:32 PM
#43

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?

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.
Since bitcoin is a digital currency it is impossible to used it as offline currency, however if the crypto currency create and release physical currency it was not included as electronic money. Maybe there's a possible to used it in local if they were provide a machine that accept bitcoin in each stores or shop. But for now it's hard to believe that they can do it for short period of time.
I'm looking forward to the machine that accept bitcoin, because if we used this tools they can easily used bitcoin in different parts of the world, therefore they can used our bitcoin to simply buy items or goods even services.
Since bitcoin had no tools to used it like offline currency it's better to convert it first into cash for the mean time before used it into the market.

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October 29, 2017, 10:28:46 PM
#44

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.

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October 30, 2017, 05:28:38 AM
#45

The best answer to what your friend have asked is as simple telling the truth. It canít but you donít have to worry about that if that makes him more uncomfortable with bitcoin knowingly that he canít 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. Itís like we canít even live without internet nowadays. So be honest to him and that be the best answer.
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October 30, 2017, 08:13:21 AM
#46

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.
Bitcoin is one of the digital currency. There is no way that you can use this kind of digital currency and that too without having an internet connection. You definitely need a good internet connection if you want to do anything related to bitcoin and all other coins present in the world of crypto currency. You cannot use any of the crypto currency like offline currency.



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October 30, 2017, 09:06:49 AM
#47

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.
Bitcoin is one of the digital currency. There is no way that you can use this kind of digital currency and that too without having an internet connection. You definitely need a good internet connection if you want to do anything related to bitcoin and all other coins present in the world of crypto currency. You cannot use any of the crypto currency like offline currency.

It may be possible in the future needs if there is any adoption in the future by the finance corporates like Payapl or some others. You may find the offline option to receive the bitcoin via application to another mobile application. If someone create those kind of application. They will be honored in the forum by the concern project team.

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October 30, 2017, 10:03:34 AM
#48

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.
To this day I donít think so that bitcoin can be used like paper currency, because you can use your local or any other paper currency anywhere but in bitcoin it is not possible till date because most of the people do not even know about bitcoin how they can accept bitcoin and the other problem is this that the restaurants, hotels, shops and any other place have no idea especially in my community to accept bitcoin. Therefore I think that using bitcoin like offline currency is not possible.

A
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October 30, 2017, 12:03:13 PM
#49

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.
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October 30, 2017, 12:34:51 PM
#50

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?
No I donít think so because bitcoin is a digital currency and digital means no physical existence and no physical existence means that no one can use it offline. You must need computer and internet to use your bitcoin. Your account is computerized and computerized means need computer to use. Thatís why I think that bitcoin cannot be used offline. It can be used only online and need with computer and internet.
Till date I donít think so that bitcoin can be used like paper currency, because you can use your local or any other paper currency anywhere but in bitcoin it is not possible till date because most of the people do not even know about bitcoin how they can accept bitcoin and the other problem is this that the restaurants, hotels, shops and any other place have no idea especially in my community to accept bitcoin.

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October 30, 2017, 01:01:19 PM
#51

The best answer to what your friend have asked is as simple telling the truth. It canít but you donít have to worry about that if that makes him more uncomfortable with bitcoin knowingly that he canít 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. Itís like we canít even live without internet nowadays. So be honest to him and that be the best answer.

That is true, this generation is always online most of the time. Everything has gotten smart, technologies are now smart and easy to use, the use of internet is getting much more than we have had in times past, so over time, we may just end up getting used to it after all.
However, we will still see the possibilities, just like payoneer back then, of having our wallets linked to a card that we can always make use of probably with a fee and then be able to make use one's asset without logging in to our wallet most times.

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October 30, 2017, 01:37:20 PM
#52

Bitcoin is for on-line used only because to fully maximized its used to need to be connected to the internet. It can't be used for online transaction. I think that's the simple explanation you can give to your friend. Also bitcoin is considered by some as digital currency, i.e. a currency that can be used in online only. I really don't know if bitcoin can be really used for offline though because its impossible to transaction without it connected to the internet.
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October 30, 2017, 04:26:17 PM
#53

Bitcoin is an online currency but you can sell it in your own country where it can be used. That answer is reasonable, but it is only used in online markets but it has a high real value. Its quite high that 1 bitcoin = $ 6000 I do not know how valuable it is but for my country it is a pretty big amount...

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October 30, 2017, 05:24:34 PM
#54

Bitcoin is a Cryptocurrency and by its nature, can only be used over the internet.
You can use it to pay for services online and also buy things.
It is not a Fiat currency

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October 30, 2017, 05:50:51 PM
#55

Currently Bitcoin is not a major payment method worldwide so it will not be in the trade but you can trade it in US dollars or your country's currency is still available.

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October 30, 2017, 05:56:30 PM
#56

I don't think its possible to use bitcoin online at this time because its done via the internet and everything relies on it. How do I even want to have access to my wallet without the internet? I don't see the possibility of that at the moment even buying from online sites, there some sort of intermediary to make it happen rather than doing directly to the site. I think the best way out is to convert to fiat then buy what you want to buy and stop giving yourself the headache of looking for who to accept offline.

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October 30, 2017, 08:50:49 PM
#57

It is possible to use bitcoin on basic marketplace given that you exchange you bitcoin into fiat currency then move that into your ATM or bank account then that time you can use your bitcoin however there's store and some convenient market that offer goods paid in bitcoin and other cryptocurrency alternative to bitcoin

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October 31, 2017, 08:43:24 AM
#58

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?
Bitcoin is a virtual currency that is not possible to be seen physically in my opinion if your friend wants to do a byline transaction with bitcoin should he do is first he must exchange the bitcoin he has to be converted into a new USD he can shop what he wants . but right now in my country there is one city that has some stores that are willing to accept payments with bitcoin by transferring BTCs that we have to the shopping sites they have. and this also can your friends do as long as in the city that he singgahi there are stores that want to receive payment with bitcoin.

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October 31, 2017, 04:52:53 PM
#59

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?

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.

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October 31, 2017, 05:41:13 PM
#60

It is not easy to use bitcoin as a offline currency nowadays, because bitcoin is not supported in most countries, nor legalized, and as a resuly bitcoiners have to convert their bitcoins into fiat currencies in order to use it offline , or to withdraw it in cash.


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October 31, 2017, 11:49:46 PM
#61

In fact, your answer is right on the target of the question, I myself haven`t been able to give the best answer at this time, given the The Central Bank is imposing new restrictions on bitcoin adopters such as shops, stalls, minimarkets, supermarkets, malls and markets, using bitcoin as ( method) means of payment.

But it`s probable that your answer may be different answer from their, whose country has legalized either bitcoin or altcoin as a means of payment.

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November 01, 2017, 02:01:23 AM
#62

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?
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November 01, 2017, 03:33:47 AM
#63

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?

In runs in the internet world so i dont see any possibilities being it useful in an offline transactions. Offline wallets maybe but you really cant move around the money without out internet. Because you have to have internet in order to mine those things. Even these infrastructures have to make way in the web to mine the blocks and they really cant do it in offline basis.

                                     
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November 01, 2017, 07:33:09 AM
#64

Technically, this is possible. This has been proven by many users. But no one will want to do this and complicate their lives. Btkoin is the currency for online payments

Technically it's possible? Yes it's possible but there's no confirmation from the blockchain network if there's no internet. We know that bitcoin needs internet in able to be used. And that's why we can't use bitcoin if we are going to use it as an offline currency. All crypto's require internet in able to send to other wallets so if you really want to use bitcoin offline, you are doing it wrong.
No 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 small communities people. They even do not know the name of bitcoin.
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November 01, 2017, 08:23:27 AM
#65

I'm looking forward to the machine that accept bitcoin, because if we used this tools they can easily used bitcoin in different parts of the world, therefore they can used our bitcoin to simply buy items or goods even services.
Since bitcoin had no tools to used it like offline currency it's better to convert it first into cash for the mean time before used it into the market.
We are still in an early phase and as time goes on, innovations will start popping up and we will start seeing much more usage with ATMs, debit cards, POS and so on and so forth. For now, except for few online wallets with cards, the chances of still making use of what we have offline is still very limited and we may just have to stick with it until more solutions keep coming.

No 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.
Never say not possible on technical aspects. Century ago, human cannot fly, but we are using flights now. So, expect bitcoins to be used as fiats for offline usages in very very near future.
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November 01, 2017, 08:25:44 AM
#66

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.
No I donít have any idea to invest my bitcoin in any offline business and I think in my country it is not possible, because lots of people do not know anything about bitcoin, how they can accept bitcoin as real currency. So I think for me bitcoin is not usable for any offline business.

For me offline business means business in just my local markets because of the low investment and thatís why bitcoin is not the solution.

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November 01, 2017, 12:43:54 PM
#67

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.
No I donít have any idea to invest my bitcoin in any offline business and I think in my country it is not possible, because lots of people do not know anything about bitcoin, how they can accept bitcoin as real currency. So I think for me bitcoin is not usable for any offline business.

For me offline business means business in just my local markets because of the low investment and thatís why bitcoin is not the solution.
Bitcoin as offline currency is not possible at the present. When things gets more advancement we might get offline access to bitcoin. Right now local stores accepting bitcoin has increased a lot more than the past days with the growth in each and every sector based on the blockchain technology.


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November 01, 2017, 03:23:36 PM
#68

The best answer to what your friend have asked is as simple telling the truth. It canít but you donít have to worry about that if that makes him more uncomfortable with bitcoin knowingly that he canít 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. Itís like we canít 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.


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November 01, 2017, 05:24:16 PM
#69

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.


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November 01, 2017, 07:24:55 PM
#70

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.



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November 01, 2017, 07:35:59 PM
#71

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?

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. 
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November 01, 2017, 07:51:53 PM
#72

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.
I think that the best way to use bitcoin this investment and store their savings in биткоина. but in fact, in real life use bitcoin as currency will be imprudently, especially considering the fact that after few years your condition can increase in several times. perhaps this is a risk, but but it is justified.

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November 02, 2017, 08:11:56 AM
#73

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?

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.
That actually sums it up. No internet, no bitcoin. It still all balls down to how developments start coming up eventually and how readily we can easily convert it to fiat which I see as some of the things that would change pretty fast in upcoming years.

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.
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November 02, 2017, 10:31:44 AM
#74

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.
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November 02, 2017, 11:30:57 AM
#75

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.

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November 02, 2017, 12:11:56 PM
#76

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?

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.
 


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November 02, 2017, 02:10:09 PM
#77

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.

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November 02, 2017, 02:41:30 PM
#78

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.

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November 02, 2017, 02:51:43 PM
#79

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.
To this day I donít think so that bitcoin can be used like paper currency, because you can use your local or any other paper currency anywhere but in bitcoin it is not possible till date because most of the people do not even know about bitcoin how they can accept bitcoin and the other problem is this that the restaurants, hotels, shops and any other place have no idea especially in my community to accept bitcoin. Therefore I think that using bitcoin like offline currency is not possible.
To this day and even in future will it ever be used as a paper currency. That is definitely not possible and that is why it is called digital. Over time, things would change and it would take either converting to fiat maybe via an online exchange like we already have now, or possibly just making use of cards for withdrawal or payment via POS. These are the changes that we will end up getting as time goes on.

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November 02, 2017, 03:56:03 PM
#80

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.


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November 02, 2017, 09:47:36 PM
#81

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.

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November 03, 2017, 07:39:56 AM
#82

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 canít 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.


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November 03, 2017, 11:26:03 AM
#83

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 donít know what you talking about ,but you seem not to get the question. The op was asking if itís 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.

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November 03, 2017, 05:00:24 PM
#84

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.

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November 03, 2017, 05:32:42 PM
#85

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.

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November 03, 2017, 11:38:36 PM
#86

personally, i dont think it is. its online use/restriction is one of the reasons why it is called crypto currency

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November 04, 2017, 04:57:01 AM
#87

From the Word Crypto currency is only used through Internet means Online Transaction, Negotiation or something Else.
I think you don't have to be Bother by saying that Bitcoin is used only for online not Offline to your Friend. if your friend is a tech guy then he will understand things like Bitcoin but if He is not then try explaining it to him in the level of his Cognitive Domain.

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November 04, 2017, 07:08:16 AM
#88

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?
Well that answer is not wrong and indeed that's true, it may just need to add a little more / slightly wider explanation to the statement that you are told to him.
We know that bitcoin is a digital currency that we can't touch it, that is born on the internet (online) developments, process, and its superiority is in the internet. Anything related to bitcoin, of course must be online as well as transact or using bitcoin for whatever it is, very different from offline currency that can be used without internet network (online) to be transacting.

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November 04, 2017, 07:20:53 AM
#89

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.
Yes, internet is necessary to make use of bitcoin unless you just want to convert all you have to fiat first and then make use of it.

Moreover, if some of the project that would give people the chance to connect debit cards to access their funds anywhere starts popping up, we can start seeing easy offline usage without stress and unless you just want to do a direct P2P transaction without the use of the card, then online connection would still always be necessary.



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November 04, 2017, 07:41:38 AM
#90

I think bitcoin only can be used as currency digital, if bitcoin used offline transaction need time to explain to the public about bitcoin,And that's a lot of people who refused.

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November 04, 2017, 09:27:24 AM
#91

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's not possible to use Bitcoin without the internet. You need to be connected to the internet in order to get your transactions on the blockchain.

Yes its not obviously possible to use it offline because bitcoin is created to use online and not like a physical money. I think the best answer for this is to study, guide him or teach him more about the differences between those online and offline currency but I think the TS already said the right answer so he should not be worry about how he responded to the question

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November 04, 2017, 11:00:05 AM
#92

From the Word Crypto currency is only used through Internet means Online Transaction, Negotiation or something Else.
I think you don't have to be Bother by saying that Bitcoin is used only for online not Offline to your Friend. if your friend is a tech guy then he will understand things like Bitcoin but if He is not then try explaining it to him in the level of his Cognitive Domain.
Yes this is true when you know it that it is crypto then why does it bothers you? But I think there are critics who are problematic. If it was to used like fiat then why did someone switch to crypto? The banks are there to serve for the purpose of online transactions.
We need to understand it and to make it clear to others that everything has it's own value and purpose with both the pros and cons.
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November 04, 2017, 11:29:53 AM
#93

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.
No I donít have any idea to invest my bitcoin in any offline business and I think in my country it is not possible, because lots of people do not know anything about bitcoin, how they can accept bitcoin as real currency. So I think for me bitcoin is not usable for any offline business.

For me offline business means business in just my local markets because of the low investment and thatís why bitcoin is not the solution.
Bitcoin as offline currency is not possible at the present. When things gets more advancement we might get offline access to bitcoin. Right now local stores accepting bitcoin has increased a lot more than the past days with the growth in each and every sector based on the blockchain technology.

Hmm, for now it will have the possibility of that bitcoin is accepted by most of the users worldwide and of course all the stores will begin to receive payment for the place. So if we want to get a lot of advantage is certain now is the exact steps to do so. If we wait too long then it is definitely a big loss would we get and we will certainly regret.Because future bitcoin has most likely to give us an advantage. One of the things that we do have to do is work hard and looking for the best way of doing the advantage.
 


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November 04, 2017, 03:44:32 PM
#94

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.
No I donít have any idea to invest my bitcoin in any offline business and I think in my country it is not possible, because lots of people do not know anything about bitcoin, how they can accept bitcoin as real currency. So I think for me bitcoin is not usable for any offline business.

For me offline business means business in just my local markets because of the low investment and thatís why bitcoin is not the solution.
Bitcoin as offline currency is not possible at the present. When things gets more advancement we might get offline access to bitcoin. Right now local stores accepting bitcoin has increased a lot more than the past days with the growth in each and every sector based on the blockchain technology.

Hmm, for now it will have the possibility of that bitcoin is accepted by most of the users worldwide and of course all the stores will begin to receive payment for the place. So if we want to get a lot of advantage is certain now is the exact steps to do so. If we wait too long then it is definitely a big loss would we get and we will certainly regret.Because future bitcoin has most likely to give us an advantage. One of the things that we do have to do is work hard and looking for the best way of doing the advantage.
 

Yeah it to risk to process. can't able to use to process and can't able to change the bitcoin. Transaction is not work. So it not easy to use to working process. It loss more and not work to future. Bitcoin is online process. So it nee to countine the people for the networking process. It will use to only for the networking no internet not in use for the future growth.   

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November 04, 2017, 10:30:11 PM
#95

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.

In my opinion, the next 10 years with the speed of development and popularity of LTE and the Internet are used everywhere, the Internet is as popular as the use of electricity now, the Internet is used every time at everywhere on the world. The use of bitcoin like offline currency is absolutely posible  Grin
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November 04, 2017, 11:44:09 PM
#96

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?
When we do talk about offline currency then we would use bitcoin on physical form which isnt possible at all because we do know that we do need internet to make use of bitcoin and also its a digital currency after all and dont have any physical form that would be used on offline. If theres no internet then it cant be used for sure but yet even though it cant be used physically or offline but come to think off that there merchants that do accept bitcoin as a payment just like on having our own traditional credit or debit cards which do really give convenience.Adoption is on the move which we should really not worry too much regarding on how we gonna use it.
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November 05, 2017, 02:26:50 AM
#97

For now bitcoin has no created physical money can we used to spend in offline but i think there is a possibility in the near future there are person could develop coin or paper money of bitcoin. And we only enjoy what is bitcoin now, we can only used in online transaction but the good thing is we can make money for this currency by investing it and it is much better than investing in real state it can give fast income and big possibility to make us reach by the help of bitcoin.

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Monnt
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November 05, 2017, 03:53:21 AM
#98

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 canít 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.
Yes. However, where bitcoin now surpasses gold is that some wallet are now coming up with cards connected to your wallet which can make you spend your funds without having to login every time.
All you just need to do is to withdraw your funds directly from the ATM or just make use of POS for payment. Over time, the usage of bitcoin would become an easy thing in our daily lives that everyone would become so accustomed to it.
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November 05, 2017, 06:26:55 AM
#99

In terms of progress, Bitcoin is only between the Introductory and Growth stage. It is not yet known by most people but it has shown growth through the years. In my opinion, it can't be used in offline transactions because it is not recognizable by all, its growth flactuates, and changes like this can take a long time to be adapted.

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November 05, 2017, 02:22:50 PM
#100

because this is a digital currency and there is no physical money to spend on the market, most in our bitcoin make their main source of income. therefore they can use bitcoin to buy goods or to invest long-term, because bitcoin does not have the tools to use them like offline currency.

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November 06, 2017, 03:11:07 PM
#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?
Bitcoin is a digital currency in which you can't use without internet connection..Hoping there'll be a reloadable Bitcoin card someday which can be use even without internet connection.. Wink

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