Author: Bitcoin Bumblebee
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Bitcoin in 21 pictures
In this article we try to introduce some of the many aspects of Bitcoin in 21 images and captions. We attempt to give an overview of Bitcoin as a money and a payment network, as well as its historical, economic, environmental and societal context. 🔽 Links Images Posted at block 792272
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Bitcoin’s UTXO model and its implications for user privacy
Bitcoin is a financial network that allows users to store and send value over the internet without a trusted central authority. In order to achieve this, Bitcoin relies on a transparent ledger of transactions shared between its users. The system is fully auditable, and every unit of value can be traced back to the block…
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Can Bitcoin help you escape fiat inflation?
The 20th century saw government currencies abandon the gold standard, instead pegging themselves to the gold-backed US Dollar until 1971, when the United States followed suit and put the final nail in the gold standard coffin. Since then, the amount of a currency in circulation has become arbitrary, determined by central bank policies which have…
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The Blocksize War: Who Makes the Rules in a Decentralized Network?
Decentralization is an often underappreciated and misunderstood feature of Bitcoin. Achieving consensus without a trusted third party was the biggest technical hurdle to the invention of a peer-to-peer electronic cash. While centrally controlled monetary networks can be corrupted or shut down, Bitcoin’s decentralized nature makes it permissionless, uncensorable and immutable. However, decentralization is a design…
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Play Online Poker on the Bitcoin Lightning Network with Lightning-Poker.com
Lightning-Poker.com is an open-source web-app where users can play No Limit Texas Hold’em Poker on 12 different cash game tables using Bitcoin and the Lightning Network. Bitcoin’s permissionless nature and the Lightning Network’s very low cost enables anyone to play anonymously without any account creation. Users can deposit and withdraw money from a wallet they…
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Peach Bitcoin: a new mobile app for private bitcoin exchange
We recently had the opportunity to try out the Beta version of Peach Bitcoin, a new mobile app for buying and selling bitcoin in a fast and private way. What is Peach Bitcoin? Peach is a mobile app for matching together users who wish to buy or sell bitcoin in a peer-to-peer (P2P) way. The…
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RoboSats Guide: Private P2P Bitcoin Exchange the Lightning Way
RoboSats isn’t just about cute randomly generated avatars. It is leading the way for faster and cheaper peer-to-peer exchanges built on Bitcoin’s Lightning network. In this article we decided to take a look at RoboSats and show you how we bought some sats from a fellow robot. Built on Lightning âš¡ RoboSats is a Bitcoin…
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Adopting Bitcoin as a small business: an interview with The Suffolk Jungle Room
The Suffolk Jungle Room is an independent coffee shop in rural England that also showcases and sells house plants. The owners Sam and Tony have recently decided to start accepting Bitcoin payments and they kindly accepted to answer a few questions about their experience. In this interview they tell us why they decided to adopt…
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How to buy bitcoin privately using Bisq in 2023
Today more and more individuals are becoming concerned about their financial privacy. Financial censorship is on the rise around the world as the financial system becomes increasingly weaponized. Bitcoin is a censorship resistant tool which can be used in an anonymous way as long as a user’s privacy can be ensured. Bisq is a decentralised…
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How to use Hodl Hodl
Whether you are unable to use a Bitcoin exchange in your country or have concerns over your privacy, there are many ways you can buy bitcoin anonymously over the internet. Hodl Hodl is known as one of the fastest and easiest non-KYC platforms to use. In this article, we’ll be reviewing Hodl Hodl and show…
Bitcoin Bumblebee 