No internet, no blockchain, no middlemen.
Just pure p2p freedom to exchange value.
No more central authorities oppressing the people.
This is the future.

I will be monitoring this thread.

>>60647748 (OP)
P-U-R-E

>work in progress
ok good luck solving double spend with no internet. lol.

>>60647748 (OP)
>i figured out a way to make thing that fundamentally requires the internet not require internet

>>60647748 (OP)
Sounds very easy to hijack

>>60647748 (OP)
What a scam

>>60647748 (OP)
cashu bakka

>>60647796
DUDE I JUST SENT ALL OF SATOSIS TOKENS TO MY WALLET HAHAHAHAHAH

>>60647748 (OP)
>where we're going we don't NEED confirmations

>keeping your seed phrase on your phone

>>60647748 (OP)
>>60647766
>>60647796
There's a couple of ways to do this over the Lightning network (which ecash uses)

One way is for wallets providers to escrow and hold incoming payments until the wallet comes back online.
Another way is the LNMesh project, which is designed for Bluetooth p2p payments

https://github.com/startimeahmet/LNMesh

>>60648176
what magically stops someone from "paying offline" and then just spending the coin before the recipient can

>>60647748 (OP)
Well i guess its time to rip out the bluetooth chip in my laptop

>>60647748 (OP)
No thanks I'll just use zelle

>>60648188
>what magically stops someone from "paying offline" and then just spending the coin before the recipient can
Nothing stops it, but if you do spend the balance and then the nodes come back online and there is a dispute, the other person get the coins.
So it's disincentivized.
The LN Penalty system is actually how they achieve such high TPS. It's a major feature.

https://www.bitvault.sv/blog/lightning-network-penalty-system-how-it-works

>>60648290
good post

>>60647748 (OP)
And it only costs 8 dollars per transaction and a fucking hour to settle! What an amazing network my fellow totally not late reddit chads

>>60648290
Lol that aint solving shit.
>spend to get a pizza
>double spend to get a 2nd pizza
>system goes online, one person isn't paid, and you run away with 2 pizzas

>>60648436
The Lightning Network costs 0.01% in transaction fees and is validated in under two seconds. That's why LN POS machines are being rolled out worldwide.
The last non-Lightning Bitcoin I sent took about 20 mins and cost 1% in fees. Not as bad as you say, but Lightning is a massive improvement

>>60648457
Actually it's more like
>Open a payment escrow channel
>Deposit twice the price of the pizza
>Eat the pizza
>Attempt to double spend
>Pizza guy disputes
>Pizza guy gets his money back AND all your money
Congrats on paying twice for the pizza

>>60648503
How do you "Open a payment escrow channel" offline with your pizza guy? Escrow is 3rd party. If you're just giving him twice the cost of the pizza, then it ain't escrow, and nothing has changed wrt double spend.

You crypto bros are such fucking retarded faggots.

>>60649544
The link I posted above adequately explains it. Also maybe you should read the white paper. Two offline nodes can create a private lightning network over Bluetooth or WiFi.

>>60649861
>offline
>bluetooth
>WiFi
> off
> line

>>60649955
Off-line clearly meaning not on the internet.

How can this circumvent KYC if you ever want to transfer it to an exchange or bank account?

>>60649972
offline is like saying offchain

For me, its the link cable.

>>60649988
>meet in parking lot of waffle house
>cash in hand
>for btc on phone
>copypaste address
>push send
>$$$$

>>60648176
Lmfao all that bullshit just to get digital fiat to work. You fucks and your ponzi scheme will get eternally blown out in the long run every single time against gold and silver.

>>60650080
>>60650046
Both of you blow dogs from behind until completion
Stay poor

>>60650116
hoes mad.

>>60648503
so I have to know beforehand what I'm going to go buy offline, and deposit exactly twice its price?

>>60648457
The perfect crime

>>60647828
yeah, I thought bluetooth is old tech. how is sending data through that is safe?

>>60647748 (OP)
I like this idea. It has to be bulletproof tho, and bluetooth sounds really fucking dino-tier tech

>>60648461
Lightning network sucks. Using BTC for any transaction sucks.

>>60650503
It super isn't.

>>60650116
Never buying your bags, cope and seethe Ponzi schemer.

ITT people scared of the future.
Imagine exchanging currency for goods and services.
With no middleman.
Nobody to stop you.
Society could collapse and you would be able to send and receive money without limitation.
Anonymously.
Impossible to forge.
Crypto is bringing about a future that was impossible to dream of until now.

>>60653847
other than the major problem that it doesnt fuck work at all.

>>60648457
and
>>60648290

both fundamentally correct

>pay for 500 pizza's offline
>you get 500 pizza's
>go online 499 people get screwed
>you still have 500 pizzas

inb4
>we'll only be offline like 5 seconds!
pure copium

>>60650046
I said exchange or bank account meaning large sums of money, not a few k.

>>60654667
that died with your buddy, buddy

>>60647796
Its a scam, bluetooth notoriously insecure

>>60647748 (OP)
Ok now let's see the phones do this in airplane mode

>>60648176
>Lightning network
HAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>60647766
>"you need network connection to prevent double spend"
>bitfucks actually believe this