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Author Topic: Crypto transactions without internet? Sui thinks so..  (Read 1189 times)

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #15 on: September 09, 2024, 05:27:30 AM »
This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be  allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.
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Re: Crypto transactions without internet? Sui thinks so..
« Reply #15 on: September 09, 2024, 05:27:30 AM »

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Offline libert19

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #16 on: September 09, 2024, 06:27:00 AM »
I'd like multiple ways to broadcast crypto transactions, so if one stops, there is another to use. Internet and radio waves — gimme more!

This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be  allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.

In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #16 on: September 09, 2024, 06:27:00 AM »

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Offline ABCbits

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #17 on: September 09, 2024, 01:35:58 PM »
--snip--
I think both won't work when there is an Electro Magnetic Pulse attack but if we are talking about normal events I think it works well though this is my first time hearing this but that was nice for crypto enthusiasts living in remote areas wherein radio waves are the only available way to make Bitcoin transactions.

If someone actually launch Electro Magnetic Pulse attack, you should be cornered more about society chaos/collapse rather than your cryptocurrency/digital money.

If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.

What's so historical?
The first brodcasted tx without internet was with Bitcoin 8 years ago, 5 years ago a LN transaction was broadcasted using radio.
Also

Quote
According to the expert, the basic idea is to use mobile networks, or rather radio waves, to send encrypted texts when the Internet is down.

Besides, this means further centralization since the ones receiving the tx data would need to be able to transform it to insert it into the blockchain, leading to more specialized nodes.
Why do you think this went nowhere despite nearly a decade of trying it with BItcoin?

It's definitely not historical or significant feat. OP probably not aware of previous attempt, where he got fooled by claim of Sui team.
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Offline luckyledger

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #18 on: September 09, 2024, 02:33:47 PM »
I'd like multiple ways to broadcast crypto transactions, so if one stops, there is another to use. Internet and radio waves — gimme more!

This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be  allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.

In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?

It would be a backup, sorta.
But as it was said - centralized ;D


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Re: Crypto transactions without internet? Sui thinks so..
« Reply #20 on: September 12, 2024, 04:26:49 PM »
In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?

You missed the part where the service is using GSM to relay the transaction.
If the government can cut internet they can order mobile providers to cut GSM coverage too, besides, your node would still need internet to broadcast your tx to the chain, so you will either need someone with internet in the country or someone who can still make international calls, and in case of a coup that is not a solution.

Let's not even think of the other fact, who actually uses SUI?

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #21 on: September 12, 2024, 06:00:38 PM »
Technology is becoming more and more advanced day by day making it easier for everyone to carry out activities, if SUI succeeds in making new developments as mentioned above then this will become technological history so this will be the best record and this will make technology easier to run, when the internet network does not exist then SUI still can use it.

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #21 on: September 12, 2024, 06:00:38 PM »


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Re: Crypto transactions without internet? Sui thinks so..
« Reply #22 on: September 12, 2024, 06:31:24 PM »
In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?

Starlink can be used as one device has enough internet capacity for a large number of users at reasonable speeds and the signal can then be rebroadcast for several hundred meters.
If the government decides to cut the internet, imposing censorship on SMS messages will be easier and the only solution remains to download applications to create local networks between devices.
Sometimes international SIM cards can work even when the government decides to cut the internet (but will this option be available in the event of natural disasters)
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Offline BitMaxz

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Re: Crypto transactions without internet? Sui thinks so..
« Reply #23 on: September 12, 2024, 06:46:56 PM »
Interesting but the thing that I don't understand how it is exactly will work to connect on radio waves?
Since SUI have their own blockchain how it will record the transaction that was made offline?

I feel that it won't be safe and this can lead to manipulation like making a fake transaction in offline or if they use radio waves as a source of internet how can these devices connected to any radio since all of them are encrypted?

I heard only one project succeed on offline transaction they called it grincoin where you can transfer or send grin offline once your wallet is online it would sync automatically.
Do you think SUI is the same as grincoin?
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