You can watch the video here: https://pig.gy/how-to-bitcoin/how-to-gift-bitcoin-step-by-step-guide-with-piggy

Hey, sorry, we moved the video. This post is outlawed anyway.

You can watch the video here: https://pig.gy/how-to-bitcoin/how-to-gift-bitcoin-step-by-step-guide-with-piggy

Apple Wallet is optional, and Passkey (FIDO2 Webauthn) is supported on all platforms.

For me, yes, for OP - IDK. Let’s get SN back to its usual state, with less anger at least.

Thanks for the explanation. This makes Boost unusable, if it costs 30k sats to outlaw anything, and lets a few stackers censor opposing views, so other opinions never get through.

Ahaha, SN tried to push their broken vision of self-custody for non-technical grandmas. When it became unsustainable, and after some quotes from another stacker about Hal’s vision of Bitcoin banks plus a link to BT... the post was outlawed. Censorship at its finest! We will taking this elsewhere to discuss.

And OP spent 150,000 sats to boost it!

Censorship occurs when a platform, moderator, or official uses their control over visibility or access to silence dissenting opinions rather than debate them. If there’s a valid reason for the censorship, please share it below this post. Otherwise, it doesn’t look good.

Lol, censored by SN!

Awesome post! Hal had great vision, and we totally share it. I’ve included his BT post link here somewhere. The “Maxis”, as someone called them, might not even know who he is, they just repeat one thing: self-custody. I wonder why they’re here on a centralized forum instead of posting on Nostr, maybe because Nostr isn’t for everyone and, as a decentralized system, it has huge usability issues. Package it differently and they’d probably call it a “shitcoin” anyway 🤪. Trying to tell them that, one day, an AI bank will custody their Bitcoin better than any human, including themselves can, or that Piggy will act as an intermediary for buying a tokenized house, with the seller depositing the tokenized title into Piggy and the buyer receiving a mortgage is pointless. That day is very close, and we’re heading in that direction because someone has to do it anyway.

Good luck with your project!

“Actually, there is a very good reason for Bitcoin-backed banks to exist.” - Hal Finney

Your anger blinds you to the beauty and opportunities of the project.

What would you prefer we use our decade of experience for: shipping another Tor-only CLI wallet that a handful of geeks use to not trust anyone, or building an AI “piggy bank” that talks, teaches Bitcoin, and helps millions, kids included, save their spare change and gift sats in a fun way?

Knowingly, using common sense, we’ve concluded that a Bitcoin “piggy bank” can’t live on-chain with a self-custody setup. At ~600 sat/vB, self-custody fees eliminate about 99% of use cases, and the remaining 1% is already covered by plenty of existing wallets. This is a long-term project, and we’re sure fees won’t remain as low as they are today and self-custody will become unaffordable for many. It’s not a question of if, but when.

We don’t! That was just one person who deposited a large amount and locked it. This is a bitcoin piggy bank that can be used in many ways, including as a custodial Lightning wallet…

We appreciate constructive criticism, the line between hate and love is thin. Unfortunately, this isn’t about you. And just a heads-up: what you’re doing isn’t activism (you may think it is), you’re just very angry, and that kind of anger hurts you. Sorry!

On the other hand, we’ve built a great product the Bitcoin community hasn’t seen in a long time. It just needs time to sink in, it’s new, and not everyone will get it right away. Good luck.

Fair point on timelocked addresses, but a quick reality check:

A timelock (CLTV/CSV) only enforces time, you can’t do “unlock when price > X” in Bitcoin script without introducing an external oracle (e.g., via DLCs). That brings liveness/trust assumptions, if the oracle is down, wrong, or censored, you may be stuck until a fallback (if any) activates. And in @chebibu’s case the price condition seems central: not everyone wants to die with their BTC unspent, and many have a target price at which they’d sell. That’s exactly the limitation, pure timelocks can’t encode market-driven conditions natively, you either accept oracle risk/complexity or choose a different strategy.

Even if you have the skills to build a safe timelocked address, self-custody introduces different risks: mis-setting the lock time (height vs. timestamp), wallet/tooling quirks, the seed being stolen physically or, if you use a passphrase, forgotten passwords (both of which have happened to people I personally know), device failure, etc. It’s not plug-and-play and definitely not suited to people who haven’t done it before.

On JoinMarket: yes, the fidelity-bonded coins can stay locked/cold, but the maker coins live in a hot wallet. Those are the funds exposed to operational and malware risk. Yield isn’t guaranteed and may not compensate for that risk for everyone.

We’re a new service and haven’t earned your trust or reputation yet. We’ve spent the last 2 years and countless BTC building and hardening this, but we know trust is earned over time. We also believe a large share of the 8B people in the world won’t, or can’t, self-custody at scale for many reasons (operational complexity, recovery challenges, and hard limits like block space). Our aim is to responsibly serve that segment while still respecting and supporting advanced self-custody users.

So you’re suggesting he put his coin into the command prompt terminal?

Adorable tantrum, run along, adults are building.

So you’re the one who decides how people use open, permissionless tech?

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.

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 🐽