Budgeting With Synthetic BTC-Backed Assets
If you are planning on living off of your Bitcoin, you will need to make some adjustments to the way you handle your money; gone are the days of getting your pay cheque, letting the debit orders go off automatically, and spending the rest on whatever you like and then putting something away for a […]
What Is BIP324?
One of the major selling points of Bitcoin is that no third party can interfere with your use of the network should you have direct communication methods by running your own node. Every day, Bitcoiners use their nodes to broadcast transactions to the network without much issue, but that doesn’t mean the process cannot be […]
What Are Seedless Bitcoin Wallets?
Bitcoin wallets are your entry point into the network and are the primary interface for individuals to manage their funds and communicate with the network. A Bitcoin wallet is software that allows you to store, send, and receive funds in the form of UTXOs. Whenever you create a Bitcoin wallet, you are provided with a […]
What Happens If I Send Bitcoin To An Incorrect Address?
Electronic payments have become second nature to many of us; fewer people in developing economies are using physical cash. Instead, we settle bills through online transactions, be that with a card at a point-of-sale terminal or online with eCommerce websites. Credit and debit cards, mobile wallets, remittance services, internet and mobile banking, and many other […]
How To Get A Lightning Balance Without Opening A Channel
Onboarding users to the Bitcoin Network is an uphill battle based on the current state of user interfaces; it simply isn’t intuitive and requires a bit of study. This is not necessarily a bad thing; like any technology, it’s a new skill at; first, that becomes second nature in a few years. A few years […]
South Africans Should Consider BTC As Bank Failure Insurance.
South Africa is one of the most banked countries on the continent, with an estimated 85% of adults having bank accounts. We have plenty of middle-class and working-class people who are used to having a bank account, using NFC tap payments, using ApplePay or Visa and MasterCard credit and debit cards, but this isn’t the reality for […]
Protect Your Bitcoin Against In-Person Attacks
As the popularity of Bitcoin increases, so does the risk of physical theft; this new digital store of value might not be the obvious target for criminals now, but that doesn’t mean it will always be that way. Taking self-custody is part of the Bitcoin experience, and while you eliminate third-party risk, you now open […]
What Are Bitcoin Multiplication Schemes?
South Africans have been falling victim to bitcoin scams at an alarming rate, leaving many puzzled about why this is happening; how many times can one nation’s people be burned before they learn? My guess would be far too many. Considering some of the high-profile cases such as BTC Global, Mirror Trading International and Africrypt, […]
What Are Lightning CoinJoins?
In today’s digital age, we spend a considerable amount of time online creating data footprints that companies catalogue to use for a host of purposes. Our movements, our speech, our intentions and even our financial transactions are all tracked and catalogued. They are sold on data markets to allow certain companies to create powerful data […]
How To Create A Bitcoin Payment Request
A public key allows you to receive bitcoin transactions and is a unique path generated by your wallet’s seed phrase. It’s a cryptographic code that’s paired with a private key. When you generate a public key, anyone can send transactions to the public key; however, you need the private key to “unlock” them and prove […]