Subnostr

Might I suggest a multi layered solution that compromises between function and security for #Bitcoin. (Amounts in 💲)

1. 10's of Thousands -> cold storage 🥶, viewing only wallet

2. Thousands -> Liquid Multisig 2FA 💧

3. Hundreds -> Custodial Lightning ⚡with a reputable Custodian (WoS, LnTips, Alby) or in a Multisig wallet solution like Muun.

DCA goes into Liquid 2FA (2) then as the stack grows it will either be moved to Cold storage or Lightning with nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 .

nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n and Green may even make #3 easier to self custody soon 👀 but using a custodial lightning provider makes for faster payments with less failures and a better end user experience.

Thoughts and suggestions appreciated 👍🏻

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Discussion

🥩ℝ𝕖𝕟𝕖𝕘𝕒𝕕𝕖 ₿𝕦𝕥𝕔𝕙𝕖𝕣⚡ 2y ago

I haven't dabbled with liquid, and I suppose different folks will have varying comfort levels and can adjust their thresholds accordingly. But yes, a layered system like this with security escalating by stack size seems smart. Convenience is always a security trade-off, so this type of thinking keeps overall risk low while allowing you to transact with ease.

OceanSlim 2y ago

Definitely check out green wallet by Blockstream and Boltz exchange then brother. Amazing tools.

🥩ℝ𝕖𝕟𝕖𝕘𝕒𝕕𝕖 ₿𝕦𝕥𝕔𝕙𝕖𝕣⚡ 2y ago

I have it, just haven't had much chance to fiddle with it yet!

OceanSlim 2y ago

Also, using liquid will really save you on main net fees if/when they are too high to warrant sending smaller amounts.

🥩ℝ𝕖𝕟𝕖𝕘𝕒𝕕𝕖 ₿𝕦𝕥𝕔𝕙𝕖𝕣⚡ 2y ago

Yeah, that's what I gathered looking at it. It's definitely an interesting system.

Not my name 2y ago

This seems like a decent approach.

When the amounts get into the hundreds of thousands or higher, I would suggest the use of multiple hardware wallets from several manufacturers given the need to protect against any form of centralization.