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Yes there are people building real world offline transactions. See the whole API: https://en.bitcoin.it/wiki/Raw_Transactions https://en.bitcoin.it/wiki/Raw_Tra
by mrb 14y ago
Yes there are people building real world offline transactions. See the whole API: https://en.bitcoin.it/wiki/Raw_Transactions https://en.bitcoin.it/wiki/Raw_Transactions Typically they use this API for offline cold storage wallets.
- angersock 14y agoAny offline transaction which is spec'ed with JSON-RPC doesn't pass my apocalypse test. I'm sorry dude, but if the bombs are flying and buildings burning, just admit it: Bitcoin is not a suitable currency.
- katbyte 14y ago> but if the bombs are flying and buildings burning And state issued currency that could be worthless after a civil war or invasion would be better? Technically you could argue that bitcoin, being not issued by a government or controlling entity and possibly still in use in less volatile parts of the world is more likely to retain its value, as would a cold-storage BTC wallet hidden until afterwards when the internet is back. However if you are thinking along the lines of of gold, silver and gems, then yes, bitcoin can't compare .
- JonSkeptic 14y ago>However if you are thinking along the lines of of gold, silver and gems, then yes, bitcoin can't compare . I would add the dollar to that list as well.
- lectrick 14y agoAnd yet somehow you think that the existing currency/banking network (which is still a network, and still travels over either telephone lines or the Internet, mind you) would somehow be immune to the apocalypse. Dream on. Your best bet then is probably gold.