Yeah....the Tweet is correct. The headline above isn't.
If the internet goes out, the Bitcoin miners are offline, so you can't send and receive anything. Even the mempool isn't available without internet. Nothing works.
This Tweet is just saying you can send a transaction to a gateway without an internet connection. But if the entire INTERNET is actually down, so is any ability to mine/authenticate the transactions.
Won't you have it in a digital wallet? Coundt you transfer it wallet to wallet infrared? Wallet records the transactions and when wallet connects to the home wifi it uploads all the transactions to the blockchain keeping the elder current.
Holy crap is everybody going to get scammed when this stuff opens up. You're all guessing at all of this stuff wanting to get rich.
THERE IS NO INTRINSIC VALUE IN A BITCOIN.
The value is in decentralized currency exchanges.
There is NO reason to choose Bitcoin for the majority of people. It's already inflated in price yet it produces NOTHING unique.
I hope you all stay safe and don't put your eggs in the BTC basket of wishful thinking.
A Digital Coins worth is in HOLDING a STABLE VALUE. Look at the BTC charts and tell me if that looks stable? Why would I buy BTC Tuesday, have it be worth less Thursday, more Friday and then plunge 5 % Saturday when all I really need it for is to hold value long enough to purchase a service or good at a comparable price I thought I was exchanging my countries currency for when I bought it.
These are ideas fraught with interpretation and mean nothing. In comparison, neither gold, silver, dollars, bitcoins, salt, whatever is used as currency has ever been stable value. value changes.
Stable value can be found in those people hating bitcoin without really comprehending what it is.
But if anything: it is a revolution playing out right in front of your nose.
Yeah....the Tweet is correct. The headline above isn't.
If the internet goes out, the Bitcoin miners are offline, so you can't send and receive anything. Even the mempool isn't available without internet. Nothing works.
This Tweet is just saying you can send a transaction to a gateway without an internet connection. But if the entire INTERNET is actually down, so is any ability to mine/authenticate the transactions.
Won't you have it in a digital wallet? Coundt you transfer it wallet to wallet infrared? Wallet records the transactions and when wallet connects to the home wifi it uploads all the transactions to the blockchain keeping the elder current.
Holy crap is everybody going to get scammed when this stuff opens up. You're all guessing at all of this stuff wanting to get rich.
THERE IS NO INTRINSIC VALUE IN A BITCOIN.
The value is in decentralized currency exchanges.
There is NO reason to choose Bitcoin for the majority of people. It's already inflated in price yet it produces NOTHING unique.
I hope you all stay safe and don't put your eggs in the BTC basket of wishful thinking.
A Digital Coins worth is in HOLDING a STABLE VALUE. Look at the BTC charts and tell me if that looks stable? Why would I buy BTC Tuesday, have it be worth less Thursday, more Friday and then plunge 5 % Saturday when all I really need it for is to hold value long enough to purchase a service or good at a comparable price I thought I was exchanging my countries currency for when I bought it.
Stable value. That is the key, is it not?
These are ideas fraught with interpretation and mean nothing. In comparison, neither gold, silver, dollars, bitcoins, salt, whatever is used as currency has ever been stable value. value changes.
Stable value can be found in those people hating bitcoin without really comprehending what it is.
But if anything: it is a revolution playing out right in front of your nose.