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17 sats \ 0 replies \ @JohnySats 21 Apr \ on: Who pays for Bitcoin wallets? bitcoin
Hey! You can use Nunchuk wallet for FREE (Guest Mode)
You can use LNCal instead of Google Calendar: https://lncal.com
And Jitsi instead of Google Meet: https://meet.jit.si/
Pink Floyd's "Money" critiques greed and the corrupting power of wealth, and it’s just as relevant today as it was in 1973. Amazing how these lyrics still resonate half a century later.
Tested and working!
Example URL:
https://www.youtube.com/watch?v=*
Include pattern: ^(?:https?://)(?:www.)?youtube.com/watch\?(?:v=)(.*)
Redirect to: https://materialious.einfachzocken.eu/watch/$1
*Regular ExpressionGeneralmente las wallets no dan esa información (XPRV).
Puedes obtenerla con las herramientas que te dejo más abajo, pero deberás ver la manera de copiar y pegar dicha información sensible desde la PC al teléfono, ya que Nunchuck no permite por el momento escanear una XPRV por QR.
Lo ideal es que utilices éstas herramientas de forma OFFLINE para proteger tus datos.
Ambas se pueden descargar (archivo
index.html) para usarlas sin conexión.1. Ian Coleman - BIP39:
https://iancoleman.io/bip39/
Descarga - Offline
https://github.com/iancoleman/bip39/releases
2. SeedTool:
https://bitcoiner.guide/seed/
Descarga - Offline
https://github.com/BitcoinQnA/seedtool/releases
So what I did was create a wallet from the seed phrase of the wallet created on SPARROW, sinceNUNCHUK doesn't use public keys
ENG:
Trick for Nunchuk:
To make a watch-only wallet, you can import the Descriptor QR code from Sparrow.
Nunchuk does not recognize the XPUB QR code, but it recognizes the Descriptor.
Before confirming the wallet import, you can verify that the Master Fingerprint is the same as the one shown in Sparrow.
ESP:
Truco para Nunchuk:
Para hacer una watch-only wallet, puedes importar el QR del descriptor desde Sparrow.
Nunchuk no reconoce el QR de la XPUB, pero sí el Descriptor.
Antes de confirmar la importación de la wallet, puedes verificar que el Master Fingerprint sea el mismo que muestra Sparrow.
Add Wallet (+) > Recover existing wallet > Recover via QR code.
Ok, here we go!
Fact: Fridays were named after the Norse goddess Freya, symbolizing love, beauty, and fertility, aligning with the Roman goddess Venus in mythology. This connection explains why Friday is associated with joy and relaxation in various cultures. Interestingly, the tradition of eating fish on Fridays originated from Christian practices of abstaining from warm-blooded meats, especially during Lent.
Link1: https://ohmyfacts.com/lifestyle/15-fun-facts-for-a-friday/
Link2: https://facts.net/friday-facts/
Bonus Fun Fact: The term "Black Friday" was coined in the 1960s by Philadelphia police to describe the chaotic traffic and crowds during post-Thanksgiving shopping.
Link: https://facts.net/friday-facts/
TGI Friday! 🥳🎉
Ok, the legal status of the term "Bitcoin" involves several considerations, particularly in trademark law and consumer protection regulations.
1. Trademark Status of "Bitcoin"
The term Bitcoin is not trademarked by any specific entity. As an open-source project and decentralized network, Bitcoin lacks a centralized organization or individual that could claim ownership over the term. This means that:
- No one has exclusive rights to use the word "Bitcoin" for branding or marketing purposes.
- The lack of a trademark does not prevent others from using the term descriptively or commercially, provided they do not engage in deceptive practices.
2. Why "Bitcoin" Cannot Be Trademarked
Even if someone attempted to trademark the word, several legal theories would likely prevent them:
- Generic Term Doctrine: Bitcoin has become a generic term for decentralized cryptocurrencies and is widely recognized as such. Generic terms cannot be trademarked because doing so would unfairly limit their use by the public and competitors.
- First Use and Lack of Ownership: The Bitcoin network and concept were introduced by Satoshi Nakamoto as open-source software without assigning proprietary rights. This public domain nature makes it difficult to establish ownership for trademark purposes.
3. Selling Fake Products as "Bitcoin"
If someone were to sell unrelated products under the name "Bitcoin" (e.g., fake gold coins marketed as Bitcoin), this could lead to legal issues under consumer protection laws:
- False Advertising and Misrepresentation: Marketing fake gold coins as "Bitcoin" could constitute false advertising under laws like the Lanham Act in the United States. The seller would be misrepresenting the product, misleading consumers, and potentially causing financial harm.
- Unfair Competition: Such actions could also fall under unfair competition statutes, which prohibit deceptive business practices.
- Fraud: If the intent is to deceive customers into believing they are purchasing genuine Bitcoin-related products, the seller could face fraud charges.
4. Legal Recourse
Who could take action against such a seller?
- Government Agencies: Regulatory bodies like the Federal Trade Commission (FTC) in the U.S. could prosecute the seller for deceptive practices.
- Affected Consumers: Buyers of the fake product might have grounds to sue under consumer protection laws.
- Reputation-Based Claims: While there is no trademark holder for Bitcoin, individuals or companies that suffer reputational or financial harm due to such deception might pursue claims in jurisdictions where defamation or related laws apply.
IMO while "Bitcoin" is not a trademarked term and is unlikely to be trademarked due to its generic and open-source nature, the legal system offers protections against its misuse through false advertising and consumer protection laws. These mechanisms ensure that the term cannot be exploited in a way that misleads or harms the public.
I leave here these two options:
"If you could live a day as a fictional character, who would it be and what would you do?"
→ Leaves room for creativity without being too deep.
"What’s the song you hate to love but always sing along to?"
→ Personal, light, and great for jokes and connections.
The best way I have found to onboarding a no-coiner is with the Padawan wallet. It uses the signet network for test coins, and has brief tutorials.
https://padawanwallet.com
Ideally, you should download the app and test it. Redwind has its own test network “Tape Bitcoin” and they credit you 0.1 for each new wallet created.
This network is faster than testnet3 and its current high fees.
Promissory notes issued on the Liquid network:
Mifiel, a Mexican legal tech company specializing in digital signatures for financial institutions, has announced its product for digitized promissory notes issued on the Liquid network to facilitate financing for Mexican financial institutions by global investment banks. These electronic promissory notes are used in collateralized financial transactions by non-bank financial companies in structured debt vehicles. Of the estimated 69,000 promissory notes created with a value of $212 million, the company has transferred or issued around $43 million directly on Liquid to date, expecting the remaining promissory notes to be transferred over the coming months, in addition to new notes already being issued directly.
Digitalization (often called tokenization) offers issuers access to global liquidity at a reasonable cost with less friction and greater control for investors over their financial assets, with the ability to transfer them peer-to-peer and self-custody.
As of the publication of this information, Mifiel has already issued over 2,000 promissory notes on Liquid, with an average value of $23,000 per note.
The Role of Promissory Notes
Physical promissory notes are considered high-value financial assets in emerging economies like Mexico's due to their high legal protection for debt collection by lenders compared to alternatives. Because of this legal benefit, most credit issued by non-bank financial institutions in Mexico (both B2B and B2C) is through promissory notes.
Physical promissory notes are considered high-value financial assets in emerging economies like Mexico's due to their high legal protection for debt collection by lenders compared to alternatives. Because of this legal benefit, most credit issued by non-bank financial institutions in Mexico (both B2B and B2C) is through promissory notes.
When a financial institution seeks financing from other lenders or capital markets, it’s common for them to use promissory notes signed by their debtors as collateral. The financial institution (FI) endorses the promissory note to a banking trust, and the lender transfers the funds to the FI. The promissory notes are used as collateral for the loans.
Current Complexity and the Challenge of Digitalization
A structured debt transaction involves multiple participants. In addition to the FI that collateralizes the promissory notes and the lender who loans money to the FI, there is also a bank that sets up the trust, a primary administrator, a backup administrator, and a custodian for the promissory notes. When the loan is executed through the capital markets, even more participants are required.
A structured debt transaction involves multiple participants. In addition to the FI that collateralizes the promissory notes and the lender who loans money to the FI, there is also a bank that sets up the trust, a primary administrator, a backup administrator, and a custodian for the promissory notes. When the loan is executed through the capital markets, even more participants are required.
Moving and storing physical promissory notes is complex due to the large number involved; it’s common for thousands to be used in a single structured debt operation. Verifying them is also quite tedious, as when they are physical, they must be counted manually.
Digitizing promissory notes has historically been challenging because there was no foolproof way to ensure that only one copy of the digital promissory note was endorsed and not reused as collateral with multiple lenders.
One solution employed in several countries is to leverage a centralized depository and legally mandate that all promissory notes and their transfers be registered there. However, most jurisdictions have opted not to implement a centralized depository of this type for electronic promissory notes due to legal concerns and the systemic risk it creates.
Issuing promissory notes on Liquid eliminates intermediaries such as the custodians from financial institutions (highlighted in the blue box). With this solution, each promissory note no longer needs to be sent physically one by one from the financial institution and audited, creating significant savings for the parties involved.
Liquid as the Solution
Liquid solves the digitalization dilemma by verifying each promissory note and its ownership on the blockchain. Each note is cryptographically linked to a unique digital note or "token" on Liquid, allowing the borrower to endorse the promissory note to the lender while transferring the Liquid token to them. The token functions similarly to a CUSIP or an ISIN identifying a particular financial asset but with a much higher verification capacity, thereby creating a new use case for NFTs in the form of digital CUSIP notes. Even if the standard identifiers (i.e., borrower, principal, coupon, and maturity) are the same across promissory notes, each participant can verify and authenticate each note using the token.
Liquid solves the digitalization dilemma by verifying each promissory note and its ownership on the blockchain. Each note is cryptographically linked to a unique digital note or "token" on Liquid, allowing the borrower to endorse the promissory note to the lender while transferring the Liquid token to them. The token functions similarly to a CUSIP or an ISIN identifying a particular financial asset but with a much higher verification capacity, thereby creating a new use case for NFTs in the form of digital CUSIP notes. Even if the standard identifiers (i.e., borrower, principal, coupon, and maturity) are the same across promissory notes, each participant can verify and authenticate each note using the token.
As more promissory notes and other financial assets move to a digital standard, issuing on Liquid provides a secure way for local financial institutions to diversify and access international funding markets with greater flexibility, all in compliance with regulations.
“After initially developing the product on Litecoin’s ColoredCoins protocol, we decided to migrate to a more suitable solution. We evaluated most public blockchains and concluded that Liquid offered the best balance between security, decentralization, regulatory risks, and transaction costs.” - Tomás Álvarez Melis, Co-founder of Mifiel.
Overly expressive smart contract programming languages lead to security issues, hacks, and hundreds of millions of dollars in lost value each year. Liquid’s technical team is led by Blockstream, one of the leading Bitcoin infrastructure companies, with a focus on security. Liquid has a simple, low-level programming language based on Bitcoin Script and shares many of its developers with Bitcoin Core.
For complex digital assets that require higher programmability, there is the AMP (asset management platform) application, which allows financial institutions a high level of granularity to define the rules applicable to the transfer and ownership of tokens, thus creating high added value in digital asset lifecycle management.