look, look, what's this

[meikonglili22]

Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?

Yes, when new things emerge, bubbles often appear, and at the same time, some people will stir up troubles and endanger the economic security of the public.  In this regard, the relevant stakeholders will probably continue to game and explore. I believe that in time, the blockchain technology will have a route to generate more tangible value to society, so that more people can benefit, rather than speculation

[1715441004]

1715441004

[Godday]

What digital currency needs is how to become a problem solver in the real world. There is a discussion about this in this thread (of course there are many topics that discuss this and I will only mention one of them). How can digital currency not be created just for trading currencies but can be used in everyday use in the real world.

[JEEKBOYone]

I saw a news this morning
The Coinstar offline kiosks set up in some Safeway supermarkets and Albertsons stores in California, Texas and Washington state can directly buy bitcoins, allowing consumers to use paper money to buy bitcoins when shopping locally.  In the press release, it is stated that if the pilot is successful, it will be opened to other parts of the United States in the future.
The offline application of digital currency is coming

[Smith.mr2]

Over the past two years, the crypto market structure has matured dramatically and become more institutionalized.  That means the market will be better prepared when another bull run comes along.
 The large-scale application of digital currency requires many factors, which is expected by many people

[pplnd@]

Even if there is such a digital currency, it is the currency behavior of a certain country, and it will not come here and become the target of speculation.

[Lamkuthang]

We all look forward to new technologies that can improve the security of digital currency, and there are practical examples to support the circulation of digital currency, not just the dangerous purpose of speculation!

Is the type of coin X that you mean a digital currency that can be traded without causing dependence on a good and strong internet network? It seems like a visionary coin too. Btw, If there is. I seem interested to follow.

[Smith.mr2]

I pay more attention to the return that digital currency can give me, and the digital currency market has huge growth potential.  Now that the demand for digital payment continues to grow, the digital currency market will continue to expand.  By participating in digital currency investments, investors can share in this growth potential and earn handsome returns.

[Mehedi72]

I heard about such question years before and most of people were Against it. First of all, currently it doesn’t seems to be happened. Cryptocurrency volume, trading, buy sell order and others things need to update every second. With such conditions, how it is possible to manage all of those things without internet connection? If you have any idea, then you can share with us.

[milia2knle]

Over the past two years, the crypto market structure has matured dramatically and become more institutionalized.  That means the market will be better prepared when another bull run comes along.
 The large-scale application of digital currency requires many factors, which is expected by many people

Hasn't digital currency transactions been used in the online shopping market for a long time? In my country, I don't need cash when I go out and pay with my phone.

[milia2knle]

Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?

Digital money will be the dominant currency of the future. One thing the 2008 economic crisis showed us is that the traditional banking system is flawed. It was confirmed in 2020. More and more people see the need for viable alternatives. And that's what cryptocurrency provides － a secure, decentralized form of banking that gets governments and banks out of trouble.

The crazy thing is that even the banks are aware of this. Listen to what Deutsche Bank has to say. In their "Imagine 2030" report, they talk about how fragile the traditional monetary system is-by 2030, more than 200 million people will use digital money － by which time traditional currencies will have gone downhill.

It's not just Deutsche Bank. Twitter's Jack Dorsey has said he believes bitcoin will eventually become the world's single currency. Elon Musk has said, "Encryption is a better way to transfer value than a piece of paper. ” says blockchain-the technology that makes encryption possible-is worth 10 times more than the internet.

[taufik0911]

I heard about such question years before and most of people were Against it. First of all, currently it doesn’t seems to be happened. Cryptocurrency volume, trading, buy sell order and others things need to update every second. With such conditions, how it is possible to manage all of those things without internet connection? If you have any idea, then you can share with us.

You raise a valid point about the dependence of cryptocurrencies on internet connectivity. Indeed, the nature of cryptocurrencies requires real-time updates and access to online platforms for trading, transaction verification, and maintaining accurate records.

As of now, it is challenging to imagine managing cryptocurrency-related activities without an internet connection. The decentralized nature of cryptocurrencies relies on a network of computers and nodes interconnected through the internet to validate transactions and maintain consensus.

However, it's worth noting that there have been discussions and advancements in technologies like satellite-based internet connectivity and mesh networks that aim to provide internet access even in areas with limited or no traditional internet infrastructure. Such developments could potentially address concerns related to internet connectivity and expand access to cryptocurrencies in more remote regions.

Nonetheless, in the current landscape, having a stable and reliable internet connection remains a fundamental requirement for actively participating in the world of cryptocurrencies.

[danherbias07]

How can digital currencies be traded offline? Can you explain the idea?

It is an offline transaction, using a new algorithm, using Bluetooth transactions, so that the digital currency usage scenario returns to the essence of currency!

There will be problems with using this. Where will they put the ledger if that happens? Who will confirm the transactions? Such things should also be considered.
Like others said, if it's a good idea then it should've been created a long time ago and we are now using it because it will surely be helpful.
But things should be considered like attacks, again the confirmation which the miners do, and where the transaction can be seen for transparency. It's a good idea but there are too many flaws in it. It's not like we are sharing a .mp4 file here, it's money that we will be talking about and customers will make sure all their transactions are secured to trust the project.

[yhiaali3]

How can digital currencies be traded offline? Can you explain the idea?

It is an offline transaction, using a new algorithm, using Bluetooth transactions, so that the digital currency usage scenario returns to the essence of currency!

There will be problems with using this. Where will they put the ledger if that happens? Who will confirm the transactions? Such things should also be considered.
Like others said, if it's a good idea then it should've been created a long time ago and we are now using it because it will surely be helpful.

Frankly, I did not fully understand the idea and did not like it. It may be a new idea, but I find it unhelpful and contains many problems.

Basically, what is the benefit of trading offline? This, of course, is in addition to the problems you mentioned, such as the ledger, transaction confirmation, and other problems that will appear later.

There is a practical benefit from using offline wallets, for example, to increase security. As for offline trading, I do not find it necessary.

[flowing horse]

Cryptocurrency is still considered more of a digital asset at present, but the real goal of Bitcoin or other cryptocurrencies should be as a currency that can be used for "payment".

[Free to fly 321]

At present, we can only trade on the exchange. The so-called currency circle exchange is actually equivalent to a centralized trading platform. We all put our own coins on it for trading, and the platform provides us with technology, security, transactions, etc.  And so on, they charge a little transaction fee.
 If we want to use trading platform services, we must completely trust them. Putting coins on this platform is equivalent to putting my own money in other people's pockets.
 Others can actually dispose of our assets at will.
 So be sure to find a large platform with high reputation and reliability.

[SlimShadyMmp]

Seriously Dude Can you send and post on this forum offline This is just baseless and senseless There need to be network in communication How do you propose offline digital coin Magic or oboy My advice to you is just shut -up and go play video games

[el kaka22]

There would be way too many troubles with it that you wouldn't want to be part of. And at the end of the day, I am against being part of something at the very early stages, like literally  before its release.

There are people who fund projects before it's release and get some tokens when it's released and hope that they can sell it for a lot higher in the future, that's not going to be the case here and I believe that the best thing to do would be making sure that we are making a profit one way or another, that's just going to end up with much better result, it is just how it is in the end. I know that we are going to end up with a bit of a trouble but that doesn't mean that we are not going to end up with anything good in return with bitcoin for example, stick with that.

[Smith.mr2]

No one can be sure when digital currency will be applied on a large scale, but everyone can be sure that digital currency will be applied on a large scale.  As an ordinary person, it is almost impossible to seize this opportunity, because excellent assets are usually in the hands of a few people, and the best opportunity has already been missed when they are discovered by ordinary people

[TheGreatPython]

Much has been discussed about trading cryptocurrencies offline. I think it is still impossible to realize. Because now is the digital era. And cryptocurrencies are digital markets and are created using internet-based digital technologies. Until now I have not seen an idea that is close to the application of digital asset trading offline.

Though nothing is impossible because we have seen things that we never expected happen and get success too, it still doesn't sound like there is going to be anything like that because the world is revolving around the internet these days and everything is becoming digital, so instead of going forward, technology wouldn't go backward because offline things were used to be the norm when there was no much internet and technology available.

And if we talk about trading, that becomes even more difficult to be done offline, one can think of only making transactions from one wallet to another wallet offline if it's designed in such a way just like how we send SMS from one mobile to another, but trading them wouldn't be a possibility.

[justdimin]

Much has been discussed about trading cryptocurrencies offline. I think it is still impossible to realize. Because now is the digital era. And cryptocurrencies are digital markets and are created using internet-based digital technologies. Until now I have not seen an idea that is close to the application of digital asset trading offline.

Though nothing is impossible because we have seen things that we never expected happen and get success too, it still doesn't sound like there is going to be anything like that because the world is revolving around the internet these days and everything is becoming digital, so instead of going forward, technology wouldn't go backward because offline things were used to be the norm when there was no much internet and technology available.

And if we talk about trading, that becomes even more difficult to be done offline, one can think of only making transactions from one wallet to another wallet offline if it's designed in such a way just like how we send SMS from one mobile to another, but trading them wouldn't be a possibility.

That is true, when the world accepts a new technology they end up using it more and more, there are some "inventions" that didn't get picked up so we may never use them or maybe come back to them later but the internet is not one of them. We have been using it for a very long time and right now the whole world is built on that. If you could cut the internet of a nation for just 24 hours, you would make that nation lose more money than some natural disaster.

This is why it's quite important to realize that we are talking about something that would never happen. Of course there are places in the world where there is no internet, but at that point it's not internet companies job to bring internet there, it's peoples job to move somewhere where there is internet if you ask me.