Dear Readers,
In last Tuesday’s newsletter, we reviewed how users and the Bitcoin blockchain itself are much less reliant on the internet than most people believe. Critics want us to think that Bitcoin could never work without the internet, making the internet a potential chokepoint for attacking Bitcoin. But Bitcoin could still work, albeit more slowly, even if the internet went down globally.
That said, for the average user, it can be difficult to imagine a world in which you don’t use your internet-connected phone or computer to initiate a Bitcoin transaction. So in today’s newsletter, we’ll look at a method of Bitcoin usage that doesn’t actually require any connectivity to the blockchain at all.