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21 sats \ 6 replies \ @SatoshiNakanodo 24 Nov 2022 \ on: 💊The orange pill - A new social mechanism to onboard bitcoin in a physical way bitcoin
This is an interesting idea. Reminds me of those physical coins (Casascius) we used to see.
Question… Once you generate the seed, how do you send bitcoin to/from it? I’m assuming you need to use a software wallet and use the pill to sign transactions? This wasn’t clear to me after reviewing the website and video.
The most important thing when designing a device for beginners is to make it intuitive so they understand it quickly and don’t feel intimidated.
I would recommend hiring a writer to improve the onscreen instructions/prompts and to help make the steps super clear.
You may have something very useful here. Nice work so far.
Thanks for your opinion. Let's say today's
💊 Status requires initial knowledge from user, but for now is the MVP and don't requires external SW.
Sender uses the 💊 until xpub is generated and then using a SWwallet import it and fund it with BTC.
Receiver unlocks the 💊 and imports the 24 words on a SW Wallet.
On near future we will develope an app for those new
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Question… Once you generate the seed, how do you send bitcoin to/from it? I’m assuming you need to use a software wallet and use the pill to sign transactions?
It does not work as an hardware wallet, emulating a keyboard it outputs the xpub and the mnemonic seed.
With the first you can check the balance and generate deposit addresses; with the last you can configure a new spending wallet.
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I think it’s very useful
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Ah, I see. How much do you think this device will retail for?
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We are designing to make it as affordable as possible, also open source, the intention is that anyone can buy one or more.
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I don't know but it's a good question!
You should ask to @gzoo
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