Very comfortable.
Timelocks and decaying multisig are the future of custody.
Anchorwatch is on the cutting edge and nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw is a genius level app dev.
I’ve already seen the tech and played around with it and it’s truly the next gen of collaborative custody. nostr:note1vfag7d0v23547s8sglnu6w49r9e42rvxg8ag99r2xfxn8tush2aqp50dlh
Becca told me about the protocols in place and I was impressed.
Didn't ask
I have been thinking about time locks so much lately. The programmable part of bitcoin is really hitting me. So much you can do with this technology.
Whats wrong with sticking with the Bitcoin manifesto of a P2P system?
Anytime a third party is involved, I'm like fuck off.
If you’re anti collaborative custody then this definitely isn’t for you
Can you point me in the right direction to learn more about timelocks please? 🥃
If the price of bitcoin falls 50% and someone actually loses their keys , do they get the fully insured amount ? How do they prove there isnt fraud
You get the amount at the time of the loss. So if it fell 50% you’re getting paid back at that value.
Fraud is always present in the insurance industry. The main way they prevent it is by kycing.
Any ideas on how to handle the issue of UTXO rotation if many coins and don't want to consolidate because of privacy?
If you’re worried about privacy than anchor watch is not right for you
This is a cold store product, I wouldn’t be loading a bunch of 10k sat UTXOs in here since it’s a larger on chain fee (roughly worth the size of 2, 3 of 5 multisig transactions at 245vb)
Also - your on chain footprint will be very unique, because there is little miniscript adoption, let alone the Trident Vault being of a unique on chain footprint.
