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Re: Future of Bitcoin
by
plorph
on 02/01/2016, 00:06:56 UTC
Quote from: upal on June 25, 2014, 05:43:40 PM
Quote from: keithers on June 24, 2014, 02:38:26 PM
Quote from: upal on June 24, 2014, 02:22:38 PM
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Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.

  Here is an article on the future of bitcoin. Would like to have community feedback on it...




Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO.  It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...

I absolutely second that...

Actually you can do a transaction offline, although its not safe. Just give someone the private keys to an address, say on an SD card. Problem is though that the sender could always keep a copy of the private keys and then spend them before the recipient gets a chance to. It's an interesting problem which maybe there is a solution to...