Myleschetty
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August 13, 2022, 10:04:17 PM |
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This is a cool innovative idea but with the little, I read about it good knowledge is needed to make use of the service. However, I think the major area that I believe Bitcoin needs more attention and innovative ideas is the Bitcoin mining area so it will be more eco-friendly.
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TelolettOm
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August 13, 2022, 11:00:26 PM |
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This is such very good progress. Bitcoin in fact can really exist. However, it must be very difficult if there is no internet. Although there may be certain alternative to be still able to use Bitcoin, no internet will really challenge many things because we know that almost all things are here connected with the internet. But, at east we have known that there is some alternativs. anyway, related to this option, so far, I am still not baleto use this.
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davis196
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August 14, 2022, 06:15:12 AM |
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The idea of using your phone number as some kind of unique ID in order to send and receive money isn't revolutionary or groundbreaking. Paypal started this concept, but with emails. I wonder why no crypto company hasn't successfully implemented this "send BTC via text" idea years ago. There must be something that is stopping them to do this. I'm no expert in this field, but aren't text messages supposed to be charged a fee by the phone companies, that sell SIM cards? If this crypto company supports 100% free text messages(in which you could send and receive BTC), them count me in.
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GreatArkansas
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August 14, 2022, 09:44:31 AM |
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Very applicable to most rural areas or remote areas that got no totally mobile data or internet connection, I already experienced this in some parts of our countries where there is no total internet connection from your mobile phone, you can only use SMS or phone call. Great innovation, this could also help to become a key to introducing Bitcoin to some people who don't really have access to internet connection.
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Ever-young
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August 17, 2022, 08:31:14 PM |
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Impressive, to me the development is good but I don't see any much different from what we are already using on other centralized exchange where users are allowed to send diff kinds of crypto across to another buy just using their email, or mobile number or the pay ID, which if done by mobile you will be giving you some days to claim or it will reverse to the original sender, same thing is happing with Binance. Those transactions are not recorded on the Blockchain which equally means that they are centralized assets which are just moving from accounts to account. Another thing here is if this is successful achieved and a way to send btc without internet like they title the article the account creation where the user will receive the btc was will they use in creating the account if not internet, or will their be any server which will not need internet for it to be accessed. Even if transacting without internet is made possible which I doubt. It's unhealthy to btc entirely for blocks are achieved through mining and minners are able to do this through power and internet.
My opinion btc is better off being transacted with the help of the internet, everything transparent and decentralized. The sms sending can alone be used between users of same platform for gifting.
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|MINER|
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August 17, 2022, 08:41:46 PM |
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snip
This is incredible! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . This Innovation is gonna be very useful specially sometimes when we go for tour and that out of the range of internet signal there we face problem with btc transaction so this is the solve of that problem. And it will be also useful to these 3rd world countries where internet isn't available that much . Thanks for bringing news this to us, I was ignorant about it.
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Agbe
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August 17, 2022, 09:35:45 PM |
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Using celular phones (GSM) to transact BITCOIN would have been one of the best option but I am afraid of using text message to send bitcoin because even the fiat currency (money) that we are using have scam by fake text messages of bank alerts mostly Point of sale (POS) workers. POS operators are the target of the fraudsters, so if bitcoin is allowed in sms to make trasaction, my brothers and sisters that is where the main issue will start. Peopple will receive fade bitcoin alert more than now if there is any for now. I do not know if the South Africa software developers have gotten the real coding to prevent the fade alert because sms does not need internet but sim card network only. But if the innovation is well secured then the idea of using TEXT for the transaction is a good one. If the innovation works well in South Africa then other countries can follow suit. But as for now I am some how skeptical. Because I am afraid of the fake alert
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Fivestar4everMVP
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August 17, 2022, 09:50:50 PM |
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To be able to send and receive Bitcoin without internet would indeed be a ground breaking innovation which I believe, will act as a catalyst to the bitcoin adoption worldwide.
But I have a question - if we are able to send bitcoin through a text message, will the text message be from a Bitcoin wallet app or is it from a normal text messaging app? (forgive me if this is explained in the article, I have clearly not read it, but I've saved it to read later)
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_BlackStar
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August 21, 2022, 04:07:31 AM |
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But I have a question - if we are able to send bitcoin through a text message, will the text message be from a Bitcoin wallet app or is it from a normal text messaging app? Because the cellphone number has become a Lightning address, I think third-party services that are integrated with GSM will send notifications to the cellphone. These are notifications from third party services just as you receive notifications from other services when you bind a mobile number. I could be wrong, but something like that seems reasonable.
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Piesel
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August 21, 2022, 12:36:45 PM |
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If I am not wrong people who have smartphones and experiencing internet is higher than people who are using toilets so we almost have internet everywhere.
Ops you may be right and also wrong on this statement, if you consider the percentage of illiteracy and underdevelopment in some part of the world most especially in Africa you will discover that very high number of the populace still have no internet enable devices. And if you read through the link posted by ops you will have seen the percentage of citizens from that countrycarry out financial transaction through the USSD which is an off net Mobile network services the rate was pegged at 94% which is an incredibly high rate. So the presence of internet is still very low in that region because just 6% use their internet apps to carry out transaction so the new Bitcoin transfer via sms is a big breakthrough if the project pull through to mainstream.
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buwaytress
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August 21, 2022, 12:44:16 PM |
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Didn't see this before and this is exactly what works in regions like Africa. I probably repeat myself too much on how I was amazed a decade ago with Mpesa -- it's all about mobile service in places where data/internet is a premium, if at all available!
Hats off to Bitrefill, surprised they didn't advertise it on their own site (or I didn't see it).
@findingnemo: in South Africa maybe, but still large swathes of the South who use GPRS phones. Or can't access data. Heck, I just went back home to my own village in a country that is high on the "HDI" list and we don't have data =)
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Findingnemo
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August 21, 2022, 03:01:21 PM |
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If I am not wrong people who have smartphones and experiencing internet is higher than people who are using toilets so we almost have internet everywhere.
Ops you may be right and also wrong on this statement, if you consider the percentage of illiteracy and underdevelopment in some part of the world most especially in Africa you will discover that very high number of the populace still have no internet enable devices. And if you read through the link posted by ops you will have seen the percentage of citizens from that countrycarry out financial transaction through the USSD which is an off net Mobile network services the rate was pegged at 94% which is an incredibly high rate. So the presence of internet is still very low in that region because just 6% use their internet apps to carry out transaction so the new Bitcoin transfer via sms is a big breakthrough if the project pull through to mainstream. Talking about Africa there are different extremes, some countries got better infrastructure and some are still at the growing stage but sooner they will get what the whole world is using. And also we no need to take the literacy percentage into the concept of money and technology because its statement used to cover up but in reality people who don't even learn the numbers are good at managing their finance then who actually graduation in the particular field.
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bitcampaign
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August 21, 2022, 05:24:15 PM |
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I used to think what if we are somewhere and there is no internet network there then we have to send money to someone, finally I found the answer here and it seems very interesting if this continues to be developed because it will really help bitcoin widely adopted
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danadc
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August 21, 2022, 07:34:25 PM |
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This seems to me to be a very good option, through SMS is something great, but I think there must be another option that does not depend so much on the signals of a telephone, if there is a great catastrophe and if the antennas of these telephones fall how could it be done? The most likely thing here is to use signals given by satellites or find another way to send those data packets, but I really like that through SMS so that they don't have to depend on the Internet. In third world countries the signals fail, but it would be an option for the communication lines to cover these cases.
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