BItcoin offline transactions?

[BootstrapCoinDev]

Yes, you can exchange a paper wallet or coin wallet for goods or services.

You're correct in realizing, though, that the greatest weakness to Bitcoin is its dependency on the network (and more so power/electricity). If the power grid goes down it becomes impossible to access the network upon which most wallets exist and transactions occur.

Maybe unrelated, but this makes me want plugs to put between the wall and all my appliances and gadgets to get a breakdown of my electricity usage.

[thebitcoinquiz.com]

What place where I see cash is still better than BTC is offline transactions, AFAIK BTC doesn't work if the Blockchain is not synchronized.IS there a way to transact Bitcoins offline?

Offline transactions can be made using physical coins. There are many people who are selling those coins in goods section. Here is one of the link https://bitcointalk.org/index.php?topic=978029.0

Also the physical coins fo not allow you to send some exact amount of bitcoins to someone.

However nowadays we all have mobile phones and we can use online wallets to make on the go transactions.

[Abbey_j]

you can create a transaction offline,for example with elextrum. After that you can spread the txid in blockchain for example

elextrum sounds useful, where I can download it please?

[Gisado]

you can create a transaction offline,for example with elextrum. After that you can spread the txid in blockchain for example

elextrum sounds useful, where I can download it please?

Of course, www.electrum.org.

[pitham1]

What place where I see cash is still better than BTC is offline transactions, AFAIK BTC doesn't work if the Blockchain is not synchronized.IS there a way to transact Bitcoins offline?

Offline transactions can be made using physical coins. There are many people who are selling those coins in goods section. Here is one of the link https://bitcointalk.org/index.php?topic=978029.0

Also the physical coins fo not allow you to send some exact amount of bitcoins to someone.

However nowadays we all have mobile phones and we can use online wallets to make on the go transactions.

Physical coins are worth more than the value of bitcoin they hold. So it is difficult to arrive at a valuation quickly and make offline transactions.
They are usually collectors' items.

[mtwelve]

But if we got rid of that, and used them as actual cash I think it would simplify accepting Bitcoins for people. The only problem would be liquidating to fiat...

[pitham1]

But if we got rid of that, and used them as actual cash I think it would simplify accepting Bitcoins for people. The only problem would be liquidating to fiat...

We could do that when the price stabilizes.
Once there is acceptance, we may not even need to convert the physical bitcoins into fiat. They could circulate along with the existing fiat.

[winchancer]

you can create a transaction offline,for example with elextrum. After that you can spread the txid in blockchain for example

elextrum sounds useful, where I can download it please?

Of course, www.electrum.org.

Thank you for the link! Never heard about offline transactions...

[mtwelve]

How do offline transactions work?