Locked 1 BTC until 2030 \ stacker news ~bitcoin

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Locked 1 BTC until 2030

560 sats \ 150k boost \ 88 comments \ @chebibu 17h bitcoin

I locked 1 BTC in Piggy until 2030.

If Bitcoin reaches $1M it unlocks earlier, otherwise it stays locked until June 16, 2030, my birthday.

Some will call me dumb for doing this in a bull market, but that's fine. The balance is public, so you can check my Piggy from time to time.

I'll keep adding little by little from what I earn as a designer. This is my savings, not investment advice.

For transparency: if someone checks my Piggy and decides to buy their own, I receive 5%, which goes straight into the same locked balance.

Here’s my Piggy: 👉 https://pig.gy/ufoin.k

Tips are welcome too. Lightning address: ufoin.k@pig.gy

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1 reply \ @chebibu OP 17h

For context, I design at Piggy, but this balance is my own personal savings. It wasn’t earned through Piggy, I just trust the system enough to lock my Bitcoin here long term.

50 sats \ 0 replies \ @ZezzebbulTheMysterious 5h

Hate to break it to you bro, but your boss is a scammer. NFTs. Hot wallets holding user funds. This is all very scammy.

Get out quick

21 sats \ 0 replies \ @hasherstacker 2h

Trust issues, is a big drawback. Thanks for your great effort, though.

21 sats \ 2 replies \ @megaptera 4h

Have fun getting shotgun kyc'ed.

0 sats \ 1 reply \ @DarthCoin 42m

hahaha yes... the gov will "timelock" your sats

0 sats \ 0 replies \ @megaptera 38m

lol

21 sats \ 1 reply \ @SimpleStacker 6h

I don't quite understand what problem is this project trying to solve.

It seems high on marketing & hype but low on technical details.

0 sats \ 0 replies \ @DarthCoin 41m

the new exist scams / rug pulls are now named "smart timelocks" :)

162 sats \ 16 replies \ @Cje95 17h

Does this stay in your possession somehow? I am just thinking about what if they get hacked or fold etc. how do you know your BTC is safe?

184 sats \ 15 replies \ @chebibu OP 16h

Funds aren’t sitting in one hot wallet. They’re in separate multi-sig cold storage, with only a small fraction kept hot for liquidity. My account is secured with passkeys (can’t be breached like a password), so the only real risk is if I hand it over or fall for social engineering.

And per the terms, if Piggy ever folds I will have a withdrawal window to redeem my Bitcoin. It will automatically unlock.

25 sats \ 14 replies \ @steakneggs 16h

What prevents piggy from stealing the balance and closing shop? The FAQ makes it sound like "trust me bro" unless I'm mistaken.

102 sats \ 13 replies \ @chebibu OP 15h

What prevents Piggy from stealing the balance is the same thing that prevents any business from doing it: regulation. Just like Binance, Coinbase, or OKX, it’s a custodial service that operates under rules. If they tried to run off with funds, that’s jail time.

And if you look at the product, you’ll see it’s not like other wallets. It’s a new approach with the latest tech. If the goal was to steal, Piggy would be a shitcoin, pump and dump, and disappear.

103 sats \ 4 replies \ @megaptera 15h

Like ftx, celsius and the like? Be careful what you do with your coins.

0 sats \ 3 replies \ @chebibu OP 15h

FTX was an exchange made by a shitcoiner, for shitcoiners. Piggy is Bitcoin only, and I like its vision, plus it’s actually cute.

0 sats \ 2 replies \ @028559d218 11h

Why not just hold your own bitcoin yourself? Then you can decide if, or when you can access it or spend it? Why trust some sketchy service frankly none of the other stackers have even heard of?

102 sats \ 1 reply \ @chebibu OP 11h

Before calling it sketchy, check the tech. Piggy runs multisig cold storage, proof of reserves with Merkle trees, passkeys, all top grade. It just launched, give it some time to breathe, you’ll end up with a piggy for yourself, I promise :) 🐷

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0 sats \ 7 replies \ @AngryMulbear 12h

And how did "regulations" protect Bernie Madoff's clients?

Not your keys, not your Bitcoin!

102 sats \ 3 replies \ @chebibu OP 11h

There will always be bad guys and good guys. You never really know. But in the end we also get cool companies that do good work and solve people’s needs.

If we think like that, then Coinbase, Binance, or even CashApp wouldn’t exist either. Somebody has to start and go through the hard parts to make Bitcoin simple for regular people. Cypherpunks will always have their own tools and their place. But not everyone wants to live in terminals. Most folks just want an easy way to save without stressing about keys. Log in with passkeys, the most secure way for everybody, and you’re good to go.

I’m fully in. I’m for AI and for Bitcoin. That’s Piggy’s mission and vision. At the end of the day that’s what matters to me.

Let’s wait until MCP is on, then we’ll see some cool stuff goin on in dev society.

0 sats \ 2 replies \ @ZezzebbulTheMysterious 5h

This is all vibecoded isn’t it.

Run. Fucking run.

This is totally unsafe for Bitcoin usage, you will lose everyone’s coins, and people will be very upset.

I do not believe you nor piggy should be anywhere near people’s sats.

0 sats \ 0 replies \ @piggy 38m

Tell me you don’t understand anything about development without saying it directly. Why do you have such a wrong assumption? We’ve been building digital products for 20 years, 10 of those in Bitcoin development.

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0 sats \ 0 replies \ @anon 41m

Vibecoded 🙈😂

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202 sats \ 2 replies \ @piggy 11h

ok guys, I’ve gotta jump in. “Not your keys, not your bitcoin” is a great warning, but as a universal mandate it ignores reality: • On-chain capacity isn’t infinite. If every human self-custodied and settled routinely on L1, fees would price out the majority. Global daily commerce can’t live on a scarce settlement layer. • Most people aren’t opsec pros. Seed phrases get lost, mishandled, or stolen. For a lot of users, pure self-custody turns financial risk into personal security risk. • Recovery & inheritance are hard. One mistake, one house fire, one memory lapse, and it’s gone. That brittleness doesn’t scale to billions. • There’s a custody spectrum, not a binary. Multisig with trusted guardians, community/mini-custodians, hardware + social recovery, and regulated custodians with real audits and proof-of-reserves, these are pragmatic middle paths. • Payments vs settlement. L1 should be for final settlement and high-value moves, everyday transactions belong on layers/rails designed for throughput.

Yes, bad custodians have blown up. The answer isn’t forcing grandma to be her own cold-storage CISO… it’s credible, transparent custody options plus easy exit ramps to self-custody when users want it.

So no, on-chain capacity alone isn’t enough for everyone to self-custody and transact. Treat “not your keys” as a north star and safety slogan, not a one-size-fits-all policy.

0 sats \ 1 reply \ @ZezzebbulTheMysterious 5h

“Blah blah give me your bitcoin.”

“Trust me bro.”

No. When will people learn?

Your not helping Bitcoin by recreating first and second cycle custodial scams.

0 sats \ 0 replies \ @anon 33m

You are so angry… you need more meditation in your life. 🧘🏻

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21 sats \ 6 replies \ @Scoresby 17h

If piggy goes out of business, what happens to your btc?

102 sats \ 3 replies \ @chebibu OP 15h

Per terms:

Liquidation or wound down We are building for the long run. Still, here is our safety plan.

Force unlock for withdrawals: All Smart Locked balances will be unlocked and moved to a withdrawable state.

Withdrawal window: We will announce a clear in-app withdrawal window so you can move funds to your own wallet.

Withdrawal options:

Manual: withdraw to any Bitcoin address you choose.

Automatic (in development): on a liquidation trigger, auto withdraw to your preset Bitcoin address.

Separation of funds: Your bitcoin is held separately from company funds and is never lent or rehypothecated.

11 sats \ 2 replies \ @Scoresby 13h

Thanks for sharing this!

Is the "Smart Lock" enforced by Bitcoin script or is it done in the app or on your servers?

21 sats \ 1 reply \ @028559d218 11h

Trust me bro!!!

102 sats \ 0 replies \ @piggy 8h

If you like custodial “trust me bro” coinos.io, you’ll like pig.gy too! Just give it a try! Maybe even change the Lightning address in your profile to your new Piggy 🐽

10 sats \ 0 replies \ @kpa 15h

🤫

0 sats \ 0 replies \ @ZezzebbulTheMysterious 5h

You lose your money and piggy moves to Thailand with all your coins.

112 sats \ 8 replies \ @030e0dca83 16h

Why didn't you use time lock transaction and keep your own keys? Or you made it to promote this pork?

49 sats \ 4 replies \ @openyoureyes 16h

He probably did not use timelock to be able to spend it earlier. He wrote: If Bitcoin reaches $1M it unlocks earlier This is not possible with time lock. So he wants to lock it but also wants to be able to unlock it before 2030.

31 sats \ 0 replies \ @030e0dca83 8h

Giveaway your Bitcoin to a random person who promises to give it back once Bitcoin hit 1m, are you serious? It sounds suspicious

I'm ready to be this piggy, if someone wants to store their sats on my wallet

0 sats \ 2 replies \ @chebibu OP 15h

Everybody says it might hit 1M on the next halving, so I set that as the early unlock. Just in case it happens before 2030.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 4h

If you believe this, you might want to actually hold the coin, because you will not be seeing it in 2030…

0 sats \ 0 replies \ @030e0dca83 8h

@remindme in 5 years about this post

0 sats \ 2 replies \ @chebibu OP 15h

Piggy is for regular folks like me. Not everybody is a hardcore Bitcoiner. I even gave one to my kids, and they picked it up without any problem or questions. I locked it and dropped in a couple hundred dollars worth of sats so they can learn.

And yes, I’m promoting my Piggy. If someone buys their own through my link I get a commission. Piggy just started, so I’ve got plenty of chances to stack :)

306 sats \ 0 replies \ @zodthebarbarian 14h

Ugh, this line of reasoning hurts my soul. Self custody is for everyday regular ppl too. Self custody does not have anything to do with being a hardcore bitcoiner. Logic like that reeks of being an MBA trying to sell a business and it's sad. Just my 2c.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 4h

Sounds like piggy is for naive Bitcoin holders who have not learned the hard lessons yet. Why would anyone pay for a scam bank custodial service that maybe one day might give some of the coin back. You might be new to bitcoin, so I’ll break it down for you. For the last 16 years scammers have been convincing people to give their coins to them. Due to gross incompetence, the coins are lost or stolen. People cry. People go to jail.

Everything you have built is possible without custodial risk. It just doesn’t have a place today without being a scam in 2025. And the NFTs just reinforce the scam. It’s called a Bitcoin affiliation scam.

21 sats \ 3 replies \ @grayruby 14h

Why did you boost this? Are you affiliated with Piggy and trying to promote the product. Nothing wrong with that but you should probably be transparent about it.

142 sats \ 2 replies \ @chebibu OP 14h

Yeap, I’m doing design at piggy, making sure it all looks nice and piggy stays cute.

I mentioned that here: #1085079

Nobody paid me for this, it’s my own money I earned through my Design/Engineering career. These are savings I built up over a couple of years, I locked about half and kept the rest for emergencies. I don’t like trading and I do spend like crazy, so I decided to lock them up.

I hoped that if I boost this it might get popular and I’d earn a couple sats. I really love piggy, it’s a great project and I’m sure you’ll love it too. Prices differ so there’s a piggy for everyone. If you buy through my link, I’ll earn a small commission, that’s the whole goal :))

10 sats \ 1 reply \ @grayruby 14h

Ok. I think you should have mentioned in the post. Maybe pin that comment so everyone knows. Nothing wrong with promoting it just good for everyone to know up front.

40 sats \ 0 replies \ @chebibu OP 14h

right! i will pin it im new on stacker news!

75 sats \ 12 replies \ @satgoob 14h

what in the nft is this

0 sats \ 11 replies \ @chebibu OP 14h

Yeah :))) good point. It’s not an NFT, not some random JPEG. This is what a collectible should look like, one that actually has utility.

It’s planned to become a blockchain collectible too, devs are already on it.

Imagine an ordinal with Bitcoin inside, and you can still deposit more and use it as a wallet again.

6 sats \ 5 replies \ @028559d218 11h

It’s planned to become a blockchain collectible too, devs are already on it.

What the hell is a blockchain collectible?

Imagine an ordinal with Bitcoin inside, and you can still deposit more and use it as a wallet again.

Dude ordinals are scams. They are taking advantage of people who are technically illiterate or financially illiterate or both. Copy pasting a file Control+C Control+V again and again does not make it more valuable.

202 sats \ 4 replies \ @piggy 11h

You mean ordinals the tech or ordinals the scummy JPGs? because the tech is just a container, blockchains give public scarcity and composability. if the token actually gates something scarce (payments, seats, licenses, doors, custody, governance), it’s useful. if not, it’s just a picture with a price tag. the value is whatever the key opens, not the jpeg.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 5h

Non monetary usage of the Bitcoin blockchain is vandalism.

You are a dirty spammer. Ordinals are a scam. Everyone and everything associated with the “technology” is a spammer, a scammer, and an absolute loser. Gtfo

0 sats \ 2 replies \ @028559d218 11h

I guess suckers are born every day

0 sats \ 1 reply \ @piggy 11h

You probably don’t see the tokenized future yet, bookmark this and re-read in 10 years 🐽

0 sats \ 0 replies \ @ZezzebbulTheMysterious 5h

You dirty spammer and scammer.

Take your nft trash, your honeypot custodial service and gtfo.

0 sats \ 4 replies \ @satgoob 14h

If it quacks like a duck... (oinks like a pig?)

Why is there a marketplace with pictures sorted by rarity that allow you to sell and merchandize them like Bored Ape? Why are the traits generated like minted NFTs?

102 sats \ 1 reply \ @chebibu OP 13h

Yeah, but can your NFT email you back, roast your spending, and double as a Lightning wallet at the same time?

0 sats \ 0 replies \ @chebibu OP 13h

18 sats \ 1 reply \ @028559d218 11h

Dude this some sort of weird nft scam lol

0 sats \ 0 replies \ @030e0dca83 8h

Either scam or Stockholm syndrome

I can't find any reason to trust your bitcoin to someone in 2025

200 sats \ 1 reply \ @BitcoinIsTheFuture 9h

Hmm Interesting approach, let’s see how it goes.

0 sats \ 0 replies \ @megaptera 2h

not good

42 sats \ 0 replies \ @DarthCoin 2h

If Bitcoin reaches $1M it unlocks earlier

LOL fiat maxi here

0 sats \ 0 replies \ @88b0c423eb 1h

most people only learn it the hard way, let's see how fun it will be when these services and exchanges like coinase go full mount gox lol

0 sats \ 0 replies \ @rootmachine 2h

umm. for me this looks like a scam. I don't understand the boost. Also, I love the optimism that breaks into "Tips are welcome too." Kinda sounds like: In case I remain without the BTC I locked, please help a guy in need. Good luck and may the odds be in your favor! we all wish the 1mil for 1BTC.

0 sats \ 0 replies \ @bob2140 2h

ok @DarthCoin people are retarded but we can't fix this, we have to deal with it and fix the money.

0 sats \ 2 replies \ @m0wer 2h

omg... why...

You could have just sent it to a timelock script address that only you control and use it for a fidelity bond in joinmarket. For free coinjoins and real Bitcoin yield... And in cold storage...

Instead you chose to give it away...

0 sats \ 1 reply \ @Fabs 2h

What's the yield like? Cate to expand?

0 sats \ 0 replies \ @m0wer 2h

You can charge a fee for others using your UTXOs to coinjoin with. Makers with large fidelity bonds (in size and lock time) get chosen more often. Being ablento make 0.01% of the coinjoin size multiple times a day. It's hard to tell, but I estimate that the largest bonds can make over 2% yearly yield in their total locked+available Bitcoin.

Here is an instance of the orderbook where you can see the bond values and fees: https://joinmarket.sgn.space/

0 sats \ 2 replies \ @lunanto 3h

Wow! this is a great feat, is the platform a self-custody one that's just what I want to know?

0 sats \ 1 reply \ @megaptera 2h

it is not, keep away.

0 sats \ 0 replies \ @lunanto 2h

Definitely!

0 sats \ 0 replies \ @unboiled 5h

The title needs a correction. You didn't lock it. You gave up your control of your sats to someone else to apply a conditional lock. And all you got in return is a pinky promise that you'll get it back.

And make no mistake, that BTC is no longer yours. You have been given a claim on it, enforceable to the extent that there will be something left to have it enforced on, but nothing more.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 5h

Hang on. You can do this entirely on chain with no custody. https://en.bitcoin.it/wiki/Timelock

Instead you are running a pseudo bank with fake time lock?

And this is a custodial service? In what jurisdiction?

Highly suspect.

0 sats \ 0 replies \ @LAXITIVA 7h

Can i have your Bitcoin I’m ever so poor

0 sats \ 5 replies \ @nullama 8h

A couple of questions:

How does this 3rd party lock their coins?, using Timelock? or simply not giving them back to you when you ask for them?
Why do they need "a small fraction kept hot for liquidity."?, are they lending your coins?
Have you seen the real, actual address where you send your coins?, that's usually different to what loaning companies show in their dashboard, and you can see when they start moving your coins out.

0 sats \ 4 replies \ @piggy 8h

The coins are not given back until the target or date is reached.
We are not lending coins. The liquidity in hot wallets / lightning nodes comes from Piggy’s own funds, not users’ funds. This liquidity is only to allow daily deposits and withdrawals. And users’ coins are kept in multisig cold storage. You can verify this here: https://pig.gy/transparency
You can also see the current cold storage addresses on the transparency page. These are different from your deposit address, which is a hot wallet address.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 4h

We never give you back your keys. Of course you could just use a time lock and hold your keys, but then we couldn’t steal it later!!
We have never run LN nodes at scale and will bleed your sats due to our incompetence.
We got ya coins, we got the keys! Suckers!

0 sats \ 2 replies \ @nullama 8h

If they are not lending coins, what's the business model of piggy?

How do they make money to pay for the infrastructure, your salary, etc?

Are you the only employee?, it seems you put half of what they store at the moment (2.02 Bitcoin in Treasury)

0 sats \ 1 reply \ @piggy 8h

The business model is selling a unique Piggy, a digital Bitcoin piggy bank, similar to how you might buy a ceramic one for coins.

BTW, the treasury is separate from users’ funds. The treasury is Piggy’s own stash, which will be used for future initiatives.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 4h

“It’s like a ceramic piggy bank, except I keep it in my house and it has a black hole in the bottom that siphons it into our wallets”

0 sats \ 0 replies \ @j7hB75 12h

Hmm. This makes me feel uneasy.

0 sats \ 0 replies \ @satgoob 14h

Not bitcoin, but a while ago I came across someone who created contracts in BCH that would lock bitcoin and pay annuities or pay them back on a deferred basis

https://www.reddit.com/r/Bitcoincash/comments/17qpdov/there_is_a_crypto_annuity_on_bitcoin_cash_that/

0 sats \ 0 replies \ @BlokchainB 14h

I’m still confused about this piggy thing

0 sats \ 3 replies \ @karanjbhatia 14h

Based.

0 sats \ 2 replies \ @karanjbhatia 14h

But it would be better if there was a way to Time Lock BTC held by yourself, somehow in Bitcoin Core or Knots or whatever. Why use another service. The idea of preventing even oneself from accessing your BTC before a certain time (forced HODL) seems based though.

0 sats \ 1 reply \ @chebibu OP 14h

I got a price target too. At 1M. If Bitcoin hits that before the date it unlocks automatically. Otherwise it stays locked until the time I chose. I’m not that technical, I need to research how the time lock really on self custody..

0 sats \ 0 replies \ @megaptera 2h

If Bitcoin hits that before the date it unlocks automatically

It is not, some maybe gives you your coins back.

I need to research how the time lock really on self custody.. Why would you even do that? Just do restrict you from spending it?

0 sats \ 0 replies \ @Kael_Yurei 15h

Interesting approach. But at the same time, it's not exactly difficult to keep BTC safe in a regular wallet, if you're comfortable with self-monitoring. I have my own reservations about these kinds of platforms, but still, respect to locking it up until 2030, that requires real commitment.

0 sats \ 0 replies \ @BeeRye 17h

hmm, sure hope you got the keys at least.