Post
Topic
Board Economics
Re: Bitcoin is Becoming a Global Currency
by
STT
on 02/11/2016, 02:33:46 UTC
Bitcoin will be a Global Currency if all countries are properly connected online or through internet. Sadly there are still countries where internet is still not available and if it's available signal is bad or expensive to get a signal. We all know that we cant transact using Bitcoin with out using internet.

I thought it was possible to exchange some value of bitcoin offline, it just involves more trust perhaps as the receiver of the coin is not able to immediately use the coin or transfer it to another address ?     Arent there some special physical coins out there with an address on the middle and the idea is you have your own offline wallet kind of value holding

I'll find the picture, just seems arguable that even a countryside with no electricity could still maybe have a use for cyptocurrency.    People trust dollars when they are in the desert right but for all they know that government backing the paper went broke or the paper is not correct in some way ?    People take cheques and so on, I just assume that bitcoin can also be used in some part similarly


http://i.imgur.com/xV7741U.jpg