We love thinking about how miniscript can solve real world problems. For instance, how could it help align the incentives for Outies and Innies?

a 🧵 about how #Bitcoin fixes Severance

(spoilers)

⚠️ Here's the problem:

💰️ Outie wants to get the big checks for working on the severed floor

☹️ Innie may be miserable, but has no way of telling Outie it's not worth it

💥 Incentives are not aligned

👇️

👛️ New wallet:

💡️ Lumon pays all severed employee salaries into 2-of-2 multisigs

🔑️ Outie gets a key

🔑️ Innie gets a key

❌️ Funds don't get transferred into Outie's spending wallet unless Innie signs

👇️

🤷‍♂️️ Innie doesn't have use for funds (nowhere to spend)

🗜 But Innie can refuse to sign

➡️ So Outie has incentive to pressure Lumon to pay attention to Innie demands

👋 What if Outie just decides to quit?

👇️

👨‍💼️ Innie wants to keep Outie coming back to work

👛️ New wallet:

💡️ Every year Lumon deposits bonus into a 2-of-2 with recovery key that can spend after 13 months

🔑️ Innie gets key

🔑️ Outie gets key

🔑️ Lumon gets recovery key

👇️

🚨️ If Innie and Outie don't agree to move bonus within 13 months, Lumon takes bonus

⏱️ But Innie can make Outie wait till next year's bonus hits

💡️ Lumon increases bonus size every year

💵️ Outie keeps coming back to get next bigger bonus

👇️

✌️ Outies and Innies have a reason to work together for mutual benefit

🤝️ Bitcoin is a means of aligning incentives for people in different circumstances

🤗️ Your Outie may not know how it feels to be an Innie, but they can still come to consensus (every ten minutes on average)

GM.

Have you written down instructions for recovering your bitcoin?

Come on by nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyzf8jfmtl7urem3nj3h9vnpkqz3jsspxn2pqd5qamaqvvset4g9ukgq8syn and give us some feedback on our inheritance letter draft and we'll enter you in our Satoshi Birthday Liana Box drawing!

https://stacker.news/items/926641

Jade is awesome! You can use it as one of your signers in a Liana multisig.

GM. If you find yourself worrying about your cold storage setup, maybe it's time to look into multisig.

Redundancy is a very good thing.

Satoshi turns 50 on April 5th!

To celebrate Liana is giving away a free Liana Box.

It has everything you need to go from zero to multisig wielding self-custody hero!

- signing devices

- Cryptosteel capsules

- USB flash drives

- tamper evident bags

- instruction manual

- inheritance letter

Check it out here:

https://cryptosteel.com/product/liana-box-starter-pack/

Comment or repost this note to have your npub entered in our drawing.

And stay tuned for more opportunities to enter to win!

GM.

Self custody is a lifestyle.

GM: take some time today to write down instructions for restoring from your backups (if you haven't already done so).

Your heirs might not know as much about #bitcoin as you.

Looking forward to the nostr:nprofile1qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq35amnwvaz7tmsw4exzanfv3sjumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t58pnd78 !

maybe also relative timelocks so beneficiaries keys only become active after your keys haven't been used in a while...

GM. You can't control how your kids turn out...

But you can control the spending conditions on your #bitcoin.

We're going to nostr:nprofile1qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq35amnwvaz7tmsw4exzanfv3sjumn0wd68ytnvv9hxgtcqyqwfvwrccp4j2xsuuvkwg0y6a20637t6f4cc5zzjkx030dkztt7t58pnd78 ! Are you going to Bitcoin Filmfest?

Did you know you can use timelocks to give your heirs recovery keys that aren't active until you stop using your primary key?

Hello Nostriches! We spend most of our time onchain, but now that the mempools aren't so full we got kinda lonely and decided to come check things out in nostrland.

So here's a thread about Bitcoin vaults: how they work today and how they will change if covenants become a thing.