The Next 8 Billion people may not want to pay a high on-chain transaction fee to store their wealth for 5-10 years, so Bitcoin businesses may need to provide a way to self-custody Sats in a more friction free manner, is that even possible?
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32 sats \ 1 reply \ @Lost_dogz 18 Nov 2023
Liquid might make sense in this context, but lightning and cold storage are almost opposites. LN requires you to be online to sign incoming transactions and also to monitor for fraudulent channel closes
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0 sats \ 0 replies \ @piecoverBTC OP 18 Nov 2023
ok
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21 sats \ 0 replies \ @piecoverBTC OP 18 Nov 2023
We simply need a pub/Priv key cryptography nostr like technology but with the ability to take the key offline if you want to
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10 sats \ 0 replies \ @kristapsk 18 Nov 2023
Best you can do is some kind of HSM that only signs stuff fitting under some predefined rules. Similarly what you can do with collaborative onchain transactions, like JoinMarket coinjoins.
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10 sats \ 1 reply \ @TNStacker 18 Nov 2023
#187365
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0 sats \ 0 replies \ @piecoverBTC OP 18 Nov 2023
Yes I get that but what about a LN Cold Key? We can simply use a pub/Priv key cryptography nostr uses but with the ability to take the key offline if you want.
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0 sats \ 0 replies \ @TNStacker 18 Nov 2023
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