You could exchange transaction blocks with p2p network even on paper. It is not very handy, but is possible.
Any media that allow peer-to-peer connections could be used.
In simple case when you don't have internet access at all, you could easily pay somebody with your private key for the address with necessary amount of coins. Just write that private key on piece of paper and give it to another person. Since that moment that person will be able to use that money if he have internet.
It is amasing, that most interesting features of Bitcoin and other really independent crypto somehow completely unnoticed by most people who like to talk about crypto. They don't even understand what it is, but continously discussing some exchanges, trading, rates to fiat and other crap that have nothing to do with crypto at all.
It is like, IDK, some people discussing market price of fish having no any clue what is fishing, while others just go fishing and have something for lunch or for exchange to neighbour's vegetables he grow, f.e. and absolutely don't care how many senseless pieces of paper could they get for their catch.
You are all missing the point. What I am saying is that crypto is virtual and it has no substance in the real world. I am still waiting for someone to tell me how the bottleneck of requiring internet access is avoided. My point is that it's not. I'm not trying to convince anyone from spending their money in ways they wish. I am just explaining why I haven't bought any crypto. Maybe I would change my mind and buy some if I could have this glaring weakness explained away.
Cryptocurrency does not need internet. It needs peer-to-peer connections. How you will organize that connections in your community where you want to use cryptocurrency is up to you. Anything will be OK, from conventional local network to pigeons.
You need internet only to use already existing crypto worldwide, and even in that case there are some alternatives like ham radio or hijacked satellites. But you could create your own crypto for your community and use whatever media you like.
I am just explaining why I haven't bought any crypto.
Again same fundamental mistake. You don't need to buy crypto. Moreover, you should not buy crypto. Earn it or mine it. Crytpo is not about buying or selling it. Crypto is what is used to buy and sell things and services.
If you live in USA, do you buy USD? Or you get them as salary or payments? So with crypto. Unlike with USD nobody could block your account, prevent you from receiving or spending it and you don't need a bank for transactions, because you are that bank.
Of course, this fist generation crypto (say, beta version, proof of concept) is in no way perfect and can't be a silver bullet. There are a lot of technical problems and caveats in principles and structure. But it works and works amasingly good. I think next generation (real one, with fundamental imrovements, not like those advertised by some swindlers) of independent cryptocurrency will be much more interesting.
Ok so maybe I am using the wrong word. The "network" is the bottleneck. I choose commodities and assets over fiat and crypto because they are the most decentralized and independent stores of value. They require no network to keep track of, no ledgers, no electricity even. This is the weakness of crypto as I see it. Best of luck to those who have invested money/time/energy into crypto. Hopefully you get it back in kind.
Maybe I'll be forgotten and left behind as everyone else moves forward at the speed of science. I would prefer that actually.
I've never understood the "DECENTRALIZATION" of crypto. If you cannot access the internet, you're boned. Seems like a pretty obvious bottleneck to me.
You could exchange transaction blocks with p2p network even on paper. It is not very handy, but is possible.
Any media that allow peer-to-peer connections could be used.
In simple case when you don't have internet access at all, you could easily pay somebody with your private key for the address with necessary amount of coins. Just write that private key on piece of paper and give it to another person. Since that moment that person will be able to use that money if he have internet.
It is amasing, that most interesting features of Bitcoin and other really independent crypto somehow completely unnoticed by most people who like to talk about crypto. They don't even understand what it is, but continously discussing some exchanges, trading, rates to fiat and other crap that have nothing to do with crypto at all.
It is like, IDK, some people discussing market price of fish having no any clue what is fishing, while others just go fishing and have something for lunch or for exchange to neighbour's vegetables he grow, f.e. and absolutely don't care how many senseless pieces of paper could they get for their catch.
You are all missing the point. What I am saying is that crypto is virtual and it has no substance in the real world. I am still waiting for someone to tell me how the bottleneck of requiring internet access is avoided. My point is that it's not. I'm not trying to convince anyone from spending their money in ways they wish. I am just explaining why I haven't bought any crypto. Maybe I would change my mind and buy some if I could have this glaring weakness explained away.
Cryptocurrency does not need internet. It needs peer-to-peer connections. How you will organize that connections in your community where you want to use cryptocurrency is up to you. Anything will be OK, from conventional local network to pigeons.
You need internet only to use already existing crypto worldwide, and even in that case there are some alternatives like ham radio or hijacked satellites. But you could create your own crypto for your community and use whatever media you like.
Again same fundamental mistake. You don't need to buy crypto. Moreover, you should not buy crypto. Earn it or mine it. Crytpo is not about buying or selling it. Crypto is what is used to buy and sell things and services.
If you live in USA, do you buy USD? Or you get them as salary or payments? So with crypto. Unlike with USD nobody could block your account, prevent you from receiving or spending it and you don't need a bank for transactions, because you are that bank.
Of course, this fist generation crypto (say, beta version, proof of concept) is in no way perfect and can't be a silver bullet. There are a lot of technical problems and caveats in principles and structure. But it works and works amasingly good. I think next generation (real one, with fundamental imrovements, not like those advertised by some swindlers) of independent cryptocurrency will be much more interesting.
Ok so maybe I am using the wrong word. The "network" is the bottleneck. I choose commodities and assets over fiat and crypto because they are the most decentralized and independent stores of value. They require no network to keep track of, no ledgers, no electricity even. This is the weakness of crypto as I see it. Best of luck to those who have invested money/time/energy into crypto. Hopefully you get it back in kind.
Maybe I'll be forgotten and left behind as everyone else moves forward at the speed of science. I would prefer that actually.
If the internet goes down, society and life as we know it is down. Why not take the leap and argue against electricity?
Your missing the point.
Wow, you have shown me so much wisdom in so few words. Thank you. I will go buy as many crypto internet monies as I can afford.
That‘s the spirit! And don‘t forget to take your meds ❤️🩹