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Author Topic: Living Off-Grid With Bitcoin?  (Read 533 times)
bounceback
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November 06, 2019, 09:07:08 AM
 #41

Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

maybe a statement like this is very difficult for those who live in rural areas to achieve cryptocurrency especially because most people who live there may be some of them do not know much about bitcoin and other cryptocurrency because those who live in residential areas are not the same as us who live in urban areas easily have what we want and it's easy to adopt cryptocurrency.

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November 06, 2019, 08:09:44 PM
 #42

Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

Yes, you can't use bitcoin off-the-grid because to conduct bitcoin transaction to need to connect to internet. Bitcoin is a digital currency after all and there is no way you can use bitcoin even if you have the full-node. In fact, the full-node requires internet connection to synchronize with the bitcoin network. To use bitcoin anywhere you are going to need internet connection, period!
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November 06, 2019, 08:19:31 PM
 #43

It can be done I am sure and there must be people doing this in their RVS, Tiny Houses and renovated olf school buses. I know in America a lot of people have taken to the life on the road and are full time digital nomads and working online and earning their keep. I am sure many of them are in crypto related work and have Bitcoin as well, so they must know best how to do this. You should follow maybe on Youtube some of these digital nomads and maybe get in touch with them and ask them how they are managing to live off the grid and perhaps using Bitcoin to boot. If I were much younger I would love to live this life but where I am it is not possible and land is expensive here as well. I think I would move to somewhere like Asia if I were to do this.


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pixie85
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November 06, 2019, 10:21:47 PM
 #44

Yes, you can't use bitcoin off-the-grid because to conduct bitcoin transaction to need to connect to internet. Bitcoin is a digital currency after all and there is no way you can use bitcoin even if you have the full-node. In fact, the full-node requires internet connection to synchronize with the bitcoin network. To use bitcoin anywhere you are going to need internet connection, period!

Off-grid means without paying for utilities. You can buy a cheap LTE connection and have wireless Internet wherever you want.
It's possible to live like that as long as you pay for the Internet but he could have a house in the mountains with its own water and power.

The problem lies in profitability. Such off-grid system will be expensive and it will take years for it to pay for itself.
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