Dear Readers,
One of my biggest passion projects within this Bitcoin newsletter is debunking FUD (Fear, Uncertainty, and Doubt), or misconceptions about Bitcoin that make their rounds in communities and the media. This is an educational newsletter about Bitcoin after all, so I debunk FUD quite frequently (see here, here, and here for recent examples).
A common misunderstanding about how Bitcoin works that I see rather often relates to Bitcoin and the internet. Almost all observable Bitcoin activity occurs over the internet, and this has led to the incorrect assumption on the part of many commentators that Bitcoin would not work if the internet went out, locally or globally. While the reasons why this misconception exists are at least understandable, it is still false.
There are two primary perspectives through which to understand Bitcoin operating without internet access: at the protocol level and at the user level.
