Avatar
Reed
32092ec1a258c9f2c11a9a5bb53b127ca20941f1803dd7f6715050ff8e9fd13a
Bitcoiner, Nuclear Engineer, Truth Maximalist, God not Religion, Earth not ESG Organizer of @npub1ynn5qnnc95qaqjejrtyazfdgutlxvme3djywe6s9wg76k68s37sqsl2qfd
Replying to Avatar SovereigntyQuest

nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q

In the spirit of providing feedback for wallet devs and sharing experience with other users, I’ll give an account of an experimental transaction that I initiated today.

Scenario:

My wife using AquaWallet in Hong Kong to off ramp a small amount of BTC to cash in the local currency. There are still street level walk in exchanges in HK, for now at least, that offer exchange to/from cash of various crypto assets without KYC as long as the value is below circa US$15000.

First question to the exchange was do they accept transactions on Liquid network. Answer- No

Ok, so I got my wife to do a quick in app swap of L-BTC to L-USDT, which could then be transacted over either the ETH or Tron network. As this experiment was an attempt at using the lowest fee possible she chose Tron.

Sales girl then asks for my wife’s Tron address in order to do a risk check. She used the term “Risko” (possibly a company that provides a list of black listed wallet addresses?)

As the Tron feature of sending USDT on Aqua is, I think, in the background she wasn’t able to access my wife’s Tron wallet address because it is all labelled as the liquid wallet address in Aqua, but agreed to try with a small USD value and then get the necessary info from the Transaction #.

Transaction was successful, but significantly slower than a direct Tron network transaction.

Sales girl then said that the wallet address that was used by Aqua appears to be a “mixer” and while she would honour the very small transaction, a few USD, the company would not in future accept such a method. It wasn’t clear to me if she meant the Tron address, which was possibly a hot wallet run by Aqua or actually the Liquid address, that was being called a mixer.

This note will upset Western BTC purists. I’m fully aware that today’s on chain fees are quite low so an on chain BTC transaction would have made perfect sense but this experiment was an attempt to look at options when in future fees go mental again. It might also highlight a potential future where exchanges label Liquid network a mixing service.

I will point out that they do accept Lightning transactions but if there was a scenario in future of a much higher value transaction, that doesn’t seem plausible as of now. I’m not sure on the Lightning setup in Aqua as it might also be in the background and not self-custodied, in terms of address, at a user level.

A few questions from this.

Is Liquid considered/flagged as a mixer by exchanges/regulated vasps?

What/who is the company called “Risko” that is providing blacklisted address data to exchanges?

Does the address blacklist have any implications for Lightning addresses/nodes/Lightning “on phone type” wallet providers in the future?

I don't have definite answers to any of your questions and I have no experience with USDT or Tron. But I do know that Aqua wallet is really a liquid wallet and if you want to send it over to any other asset they use swap services. A swap service such as boltz.exchange is most likely what got flagged as a mixing wallet, probably nothing to do with liquid. This is also why the tx took longer to confirm because it needed 2 confirms on the liquid network to send to boltz (2 minutes) then they send the other asset from their wallet (in this case USDT on Tron).

I hope this helps 🤙

"No government can ban Bitcoin, they can only ban their citizens from benefiting from Bitcoin" -Someone I can't remember 🙂

Ya know, I saw this the other day and I was like, "that's cool but it'd be way over my head and I'm not sure I really want to go down that rabbit hole rn"

I see this and immediately want to buy it.

One hour closer to midnight 🔥

Everyone has ideas. Most of them are terrible, but some are amazing. If you never share your ideas with the world, you'll never really know which ones are your winners.

Keep having ideas and sharing them with the world. This will be the only way to be successful on a Bitcoin standard.

nostr:nevent1qqs0l6gd3ttrhsn5qsy9953fdng370mmftpsnlm7u7d5r42zdznn7zspzpmhxue69uhkummnw3ezuamfdejsygq6lcx8fc7h0p8t4ya9u0a92jnwavqe9rgjwwdw3wjgxfuxsz8rd5psgqqqqqqscdfwcx

To our listeners, supporters, Bitcoin community, and those folks still to come,

I wanted to to articulate more of What "The Progressive Bitcoiner" (TPB) is and Why we are here.

Our society, especially in the United States, continues to be more polarized than ever--from media, to politics, and everything in-between, there are those that continue to fan the flames of division rather than unity.

The last thing I would want anyone to think is that the "Progressive" Bitcoiner is here to further fan those flames, promote any polarization, or present "one-sided" narratives on complex issues. I consider myself amongst those trying to seek truth through the noise, the murky gray, joining a growing range of voices and perspectives from all walks of life in independent media, with a focus on bitcoin and its many uses cases and as a tool for human rights and financial freedom, and many other things.

TPB will never endorse a political candidate or particular political party, while attempting to create content and promote stories covering a wide range of topics, ideologies, political spectrums, diverse backgrounds, and more (all of course relating to Bitcoin in some way). We are mindful that far to many progressives and folks from the left have not seen Bitcoin as "for them," so we create content appealing to them as a central part of our mission. I speak from my background and values, historically coming from the left but ever-evolving, as we all are. I must be truthful to that, and truthful to my evolving views, which you may see in real-time over the course of this podcast--as is the case with all of us in life!

TPB does seek to do 3 things:

Bitcoin Adoption: To increase bitcoin adoption by appealing to a mainstream audience which includes progressives seeking more information about bitcoin, but feel they have nowhere for answers that speak to their values. We also seek to combat FUD around bitcoin coming from all directions including main stream media, politicians, banks/wall street, and beyond.

Diversity: To increase the diversity of content available in bitcoin education and who it targets, especially the podcast space, which largely leans more libertarian and conservative.

Content: To produce content that showcases great stories and conversations centered around social justice, economic empowerment, environmental issues, and other progressive values.

We do not require that our guests consider themselves "progressive," or our audience. We believe our content is accessible to everyone, and promotes the ethos that Bitcoin is for everyone--not tied to any one ideology. Some episodes may appeal to you, and some may not. I may agree with our guests, I may not. As I previously said, I hold my personal views, opinions, and values, many that may be considered "progressive."

As best we can, we continue to create content and evolve, not in an echo chamber, but with curiosity, truth seeking, human progressive, and the hope that Bitcoin can foster positive changes for personal, social and environmental issues.

We welcome any and all feedback on our podcast and future endeavors and cannot think our supporters, advisors, and my team enough.

As we bitcoiners like to say, I could not be more bullish on the future of this podcast, bitcoin, and what we can do togehter as human seeking a better world for everyone.

Thank you, and Happy Valentines Day xoxo

- Trey Walsh, host "The Progressive Bitcoiner"

Humanity thrives when a diverse group of people, all with different backgrounds and perspectives, are hyper focused on finding the truth and positively shaping their lives around it.

nostr:nevent1qqsreld00tlpu3vjtga86vq4uq9t0j6jwzy0zcv49y4gfyrnm4cg0qcpp4mhxue69uhkummn9ekx7mqzypy8p42spgfpu5v8239rumju9lhp6zsruxu9qulj0mdhzzc3p43qsqcyqqqqqqgl5tf7u

Our next meetup on this Sunday at 6pm in Northampton Massachusetts! If you are in the area, come stop by and hang out with some local bitcoiners!

https://meetu.ps/e/MTsW7/Xhd2s/i

Lol this is why I sold mine 🤣

There it is! 🔥

nostr:nevent1qqsdml6dvt5uzrnlndj7hv4fungwlm4y3stalq49qucwdknhwjvaf4spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqvsf9mq6ykxf7tq34xjmk5a3yl9zp9qlrqpa6lm8z5zsl78fl5f6qvzqqqqqqy2jn88a

#m=image%2Fjpeg&dim=2040x1536&blurhash=%23GH%5E%40WE2.7xYtQWARjn%24RjCSr%3DRPNKR%2BWCWBWXaf%7EBayIUofoLoLs.t6kC%7EBWoNGf%2Bx%5DbHt6oJRj%7EpaexaoMbIs.aef7e%3ANdj%40IVbcbHWCRjoej%5B%3FGWBV%40bHjuWBjYs.bH&x=16ec3a1d2054307241b5b6488958be0f3fd3c60e6ccdef6757ba87edb8a7f5a9

GM nostr

Are we going back to 20:00 Moscow Time today?

10k to go!

#m=image%2Fjpeg&dim=1080x2400&blurhash=%5B371G%40xuE1t7%7D%40oLofoK9%5BaKs%3ARj57of%3FbaeNat7.8oLMyaeRiWBOFM%7BMIWBTJV%40ickCniR*Rkt7&x=bbcdafe9aceb705daafeadc14ee1315649188b7af8a54a2b2bc0e0e849b052ff