> > > 1. No offline transactions, which makes Bitcoin useless for > > a large class of transactions. > > On Mon, 27 Feb 2012, James A. Donald wrote: > > Smartphones. > > The implicit assumptions here, namely that > * everyone who wants to make financial transactions carries a smartphone > * smartphones never break down > * smartphone batteries never run down > * smartphones always have network connectivity > don't always hold. > I feel obliged to note that anyone carring an up-to-date wallet file can permit and validate transactions. If his/her wallet file is out of date double spending might occur, even then one might apply trust to still do transactions.
> [Another key bitcoin flaw is that it's not particularly anonymous > in the face of NSA-level network surveillance. Cash *is* (remains) > under these conditions.] Working on this. And the network problem.
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