I still say there would be a lot less resistance from normies to self-custody if more self-custody solutions offered a Testnet option they could play with and learn from.
Anyone who can learn to drive a car can learn to self custody. Most people I know first learned how to drive a car in an empty parking lot; not on the Interstate.
Pretty slick. I saw Francis do demo of a dca with bull bitcoin that automatically sent to your liquid address using the bull bitcoin wallet then when you hit a high enough sat count for onchain that it will automatically swap it for you. Privacy seems great due to liquid confidential transactions
Can you explain that a bit more please? I've just installed Bull and sent a little lightning to myself, and it completed in about 5 seconds. What does my phone have now?
I understand Lightning quite well (commitment transactions, HTLCs, revocations), and also Vashi, so I'm curious what I now have with Bull
I want a single app that supports everything π. Cashu, Ark,...
it holds liquid bitcoin at rest unless you swap to the separate βsecure bitcoinβ wallet which is on chain
liquid is a federated sidechain, basically a multisig, run by a collection of companies
When you say "on chain" there, do you mean the main bitcoin layer 1, or Liquid's sidechain?
(I promise I've been trying to do the reading, but I'm struggling to find a clear statement)
I just installed the app, and sent 100 sats to myself. So I'm guessing I now have a UTXO which is confirmed on their sidechain? Or maybe I did briefly have a UTXO on the sidechain, but it was immediately changed to a Lightning-on-Liquid two-party channel?
And which could be swapped to an L1 UTXO (in a channel) if my balance increases enough to make it worthwhile?
Cool. I found my address in the app's wallet, and then I found the corresponding liquid-UTXO on their version on mempool.space , i.e. liquid.network
Now I gotta research Confidential payments!
You missed the cherry on top, that you can connect you HWW Colcard Q for now but more wallet options are coming soon, where when the auto-swap from Liquid to on-chain happens it goes straight into your cold storage. No more fat finger address mistakes. BULL Wallet is miles apart from other mobile Bitcoin wallets. engineering sovereignty at it's best!
Awesome! π the value of the @BULLBITCOIN.COM cap I gave to my Jamaican Driver and my painting of him just went up β¬οΈ !!
#Bitcoin #Art #BitcoinArt