ASK SN: Privacy friendly alternative to Chivo Wallet
3 sats \ 100 boost \ 5 comments \ @LibreLoya 28 Nov 2021 bitcoin
Hi guys
I'm wondering if there is any interest in a privacy friendly alternative to the Chivo Wallet.
El Salvador decided to build their own wallet. Understandable because latinos DEMAND usd dlls. They really do. People in Argentina even have a black market for "blue dollars" to skirt restrictions for example.
Again, perfectly understandable. The problem is that it is completely centralized, full kyced and custodial.
I was thinking the Liquid Network would be an ideal candidate to build an alternative Chivo given the native support for assets (stablecoins) and confidential transactions (privacy).
Does this sound like a good idea or nah
What do you guys think
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12 sats \ 2 replies \ @DarthCoin 28 Nov 2021
Chivo is not a BTC/LN wallet, is just a gov bank. ES people can use whatever other LN wallet like:
I wrote an article dedicated to people that start now with Bitcoin, as ES people, about how to stash your BTC in three levels.
I am in contact with some ES people and I always tell them: dump the fucking dollar, use ONLY BTC. You have there an enormous opportunity to dump the shit dollar and have your own sovereign money - Bitcoin.
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1 sat \ 1 reply \ @LibreLoya OP 28 Nov 2021
I don't disagree with you. But I do see USD tokens as a gateway drug to Bitcoin.
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0 sats \ 0 replies \ @DarthCoin 28 Nov 2021
Continue using USD (shitcoins) in a country that declared BTC as legal tender is idiotic and moronic (omicron). That means you just want to be rekt. Simple as that.
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0 sats \ 1 reply \ @NA 29 Nov 2021
Muun is one of the most friendly, privacy enhanced option since they do some receiver stealth via fake pubkey/channel rotation - out of all the ones I’ve researched so far.
For custodial non kyc, you’ve got a few like the telegram lightning bot, BlueWallet, and wallet of Satoshi.
Liquid is not going to help you if you’re supposed to be accepting bitcoin / lightning, but honestly at this point the law seems very unenforced to the point where people can do whatever they want really. But nobody uses liquid so 🤷‍♂️
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0 sats \ 0 replies \ @LibreLoya OP 29 Nov 2021
My thesis is that a Muun like experience for Liquid could really take off in Latin America given the love for usd down there.
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