We should also not give into the phrasing of "hosted" vs. "unhosted" wallets.
There are seed phrases.
There are signing devices.
Some are connected to the internet.
Some are not connected to the internet.
never mind...
nostr:note1wssascj363fcd68rehktqhz65f9sv72fzrh60pwunzg4xawwse5sn2hs4m
Twitter is fun lately because boomers entered the #Bitcoin land.
Controlling #Bitcoin UTXOs directly will probably be out of reach for most in the future.
Assume the following
- no tech changes
- $1 = 1 sat
- low fees like today, 30 - 50 s/vB
If you're not a Satoshi Millionaire, would you even *want* to spend 1.000-10.000 sats for 1 TX?
(Assuming $ = today's purchasing power)
Elixir and the Erlang BEAM are still so underrated pieces of technologies.
Many of today's software challenges could be built on this platform in a simple, clean way.
I'm currently working on a side project as well (hope to be able to open source it soon). Not a big project, but the platform and ecosystem offer all the moving parts and with relatively little code, you'll have a robust system up and running in no time.
Still love to work with this language and ecosystem š§”
nostr:note1ngynjmet8yamqzmanppsusfny7e0exlrruza3mks5xvf4xql5kksqfmypf
Little project Iām working on:
āMempool Monitorā š
Monitors current #BitcoinĀ fee rates, notifies you if configurable thresholds are crossed.
Nice for when you want to know when is a good time to manage your UTXOs.
Not yet live, but would be nice to get early feedback.
How does it work?
1. Youāll configure lower/upper threshold of sat/vB
2. Youāll get messages:
- low fees: fee < lower threshold
- in range: lower < fee < upper
- high fees: fee > upper threshold
Current MVP would send you a #nostr DM.
Works and was easy to add.
However, Nostr clients wonāt notify you reliably in time, it seems so far.
Iām open for other potential notification channels.
One could also be a more technical one: calling a Webhook of your service.
This would open up future uses cases, like executing scripts on your side.
Let me know what you think.
I hope Iāll be able to get an MVP version online in the coming week(s).
The basic setup and service already works (alpha, but the screenshot is not faked š).
UI is completely missing, though.
Do mobile push notifications when receiving DMs work reliably for you?
I'm currently using Primal or Damus client.
It does not seem to work for me all the time on Damus.
Don't think it is available on Primal yet?
Today I'm launching Flare, a video sharing site built on Nostr! š
Like YouTube, Flare lets you upload, view, comment, and like videos from your favorite creators. BUT unlike YouTube, we can't strike, shadow-ban, or demonetize you just because we disagree š¤
Since Flare is built on Nostr, you are free to serve your content from anywhere and consume content from any kind 34235 client you'd like.
Check it out at https://www.flare.pub/ š„
š§”
Anyone figured out how Nunchuk is implementing their āHoney Badgerā plan (I.e the one with Inheritance Plan)?
Their docs only get me so far but doesnāt seem to answer all questions. nostr:note1dhvg9tyqqg7f5xj6wjgf3dh7v4mm7v6sfe9w2qq5kcggq0fyjrmswweth8
Something is bothering me and doesnāt get any public attention AFAIK. Since you are sponsored by both Nunchuk and Coinkite and particularly after the announcement that was made on 1 March regarding a partnership between Nunchuk and Coinkite (https://nunchuk.io/blog/nunchuk-coinkite) I am curious to hear your thoughts. Iāve watched your video on the Nunchuk Honey Badger plan and from what I understand is that Nunchuk has 1 of the 4 private keys (Platform Key) and an encrypted version of the Inheritance Key being a TAPSIGNER. This encrypted version could be decrypted with the code on the back of the TAPSIGNER and would Nunchuk get a hand on this, they would have a sufficient number of keys (2-out-of-4) to spend your funds. Given the partnership between Nunchuk and Coinkite which imho represents very close ties between the two, wouldnāt this Honey Badger setup be subject to rugpull risk? Coinkite could have stored all the Backup Passwords - no way to verify this at all - on the back of all the TAPSIGNERs they have produced/are going to produce and it would require Nunchuk only to get a list of all these Backup Passwords to be able to bruteforce the TAPSIGNER/Inheritance Key, meaning they could sweep your funds. Really curious on your thoughts. Thank you and keep up all the great work you are doing! š¤
Iām curious about this too.
- the inheritance key: Nunchuk says itās a 2-of-4 setup. But if the conditions for claiming the inheritance are met, isnāt it effectively a 1-of-4?
Because they also mention that āall fundsā can only be moved if 2 of your own keys are used (the platform key should only be able to co-sign to the configured amount).
So, I suspect that the inheritance key has also the sole signing rights if time-restricted conditions are met?
What am I missing here?
Can the inheritance setup be restored in e.g. Sparrow as well?
- platform key: where exactly does the primary key reside? It must be a software key. But is this key also synchronized to the cloud and available on the desktop app or does it reside only in the mobile app? And how do I know, it does not internally have the majority of/sole signing rights. Given that the co-signing amount is configurable and is denominated in $ and not sats, this is still a little confusing to me and I havenāt figured out how that could be implemented without custom logic on their servers (I.e. in a trustless way) and restored on e.g. Sparrow.
Not really a fan of Nest.js anymore.
I like to default to Elixir nowadays.
Elixir + Phoenix + Ash Framework š
Fun fact: I took a closer look at #Bitcoin because of Talebās Antifragile.
His work essentially gave me the initial push before I really fell into the rabbit hole.
Itās ironic knowing now that he he later turned his back on #Bitcoin, but I still value his work and books.
Skin in the Game is one concept that I also really think is needed and missing in a lot of areas in todayās world, especially in areas like politics.
Yesterday we held a Bitcoin meetup at a local cafe that I convinced to accept BTC in late 2021.
We didnāt call it a Bitcoin meetup, we called it a financial session on inflation & investing.
The idea was not to have a social bitcoiner meetup, but to bring friends/family to learn about the real causes of inflation, the risks to traditional markets and the opportunity in studying and saving in bitcoin.
We got ~15 people out on a Monday evening in a small town.
2 teachers, 2 real estate investors, 2 fitness instructors, 2 local entrepreneurs, 2 construction workers, 4 bitcoiners and 2 artists.
My friend and I decided to make a presentation sheet that we printed off and gave to all of the folks who came out.
We discussed at a high level the ācost of conventional thinkingā inspired by a recent Saylor piece.
Hereās the presentation: https://www.dropbox.com/scl/fi/6pwxs6qm7qljsaexiu6hk/Cost-of-Conventional-Thinking.pdf?rlkey=jkw955y1nlqr4owd31tlulgyx&dl=0
I had been the only customer who paid in BTC for 2 years. The owner was impressed at the price movement of BTC as she watched her stack grow over the year.
We made up a stack of lightsats.com tip cards with enough BTC for a few cups of coffee.
The printable light sats cards are a great way to promote local businesses that support bitcoin.
You should try it in your local area if you are so inclined to give away BTC, or if you can find a sponsor to sponsor the event with ~$200-$500 in free sats.
The best thing about light sats cards is that when half of the people inevitably forget about the card and donāt claim the sats, they come back to your wallet after x days.
This is a highly underutilized orange pilling tool.
Half the people setup a Blink wallet at the cafe, claimed their sats and paid for a coffee over lightning.
It was a great night where we focused more on high level conceptual financial literacy topics and didnāt delve so far into the activism side of things.
The information was received very well as we didnāt get into libertarian views of small government, free speech issues, politics, etc.
We tried to keep it cheerful & constructive as Saylor says. 
š§”
Yep, I think so too.
> Nobody ever said itās going to be easy to be your own bank
No, but at the same time it was never easier! š
Itās amazing how many cool new products and services are announced and available to take matters into your own hands.
So, I definitely see your point as well when you criticize suggesting WoS for all newbieās.
Iām hopeful for the future of Bitcoin. Onboarding new people will only become easier over time.
And perhaps one day, even multi-sig will be so easy that it will be the default. Who knows š
I am using Phoenix as well. It is a good choice to get into self custody smoothly & quickly.
However, I have also learned that many people struggle with the concept of writing down a seed phrase.
For new comers (that donāt even use password managers), this concept is pretty alien.
Now, I mentioned password managers but not to tell them to store their seed phrases in password managers. Thatās not a good thing to do.
I mentioned password managers to highlight the fact that most people are still pretty bad in managing their passwords even in 2023.
So, I kind of get why many resort to WoS because it is very easy to get into BTC.
People are used to having everything managed for them and it being able to recover somehow (I.e. customer support etc.).
IMHO, youāll scare these kind of people away (or lead them to failure and fuck up because they lost their seed phrase that was written down on paper).
For these people, I can see why WoS is a good start. Then from there, level up.
Which one do you prefer?
On iOS, you need to set up https://www.zapplepay.com/ to be able to Zap some Sats.
In Zapple Pay, you can set up donations. You can match the Zap amount and send to Damus if you like.
So, what you suggest is able today already.
Just not built-in in clients. 