The nLocktime is an epoch timestamp which matches the genesis block!

‎1,231,006,505 = Sat Jan 03 2009 18:15:05 GMT+0000

I'm building a Bitcoin insurance company at AnchorWatch, happy to connect if you want to learn more!

Also happy to connect with you directly with questions you might have! Our insurance product should be live by end of year.

We are exploring trial combats to explore fitness for underwriting.

Definitely an important skill, early on I'd try to say yes to everything to explore all opportunities, but you quickly feel in practice that time is the most scarce asset, and to be focused it involves a lot of saying no.

The biggest risk right now I'd say is around executing the vision. There will be insurance in Bitcoin, with increasing importance as it gains global adoption. No one has done this before, and we are laser focused on getting it right.

That miniscript was just sitting there and no one was building on it! With the exception of the Wizard Sardine team, no one was even talking about it before I realized last November it was the critical unlock to get institutional custody. I'm very proud that me banging the drums has inspired more people to build on this incredibly powerful piece of open source technology.

We have had a lot of initial interest among family offices, multifamily offices, mining pools, miners, and HNWIs. Among those I think smaller funds which already have a Bitcoin allocation at a custodian will be the first customers.

We have our own underwriting engine with dozens of variables. At a high level the kind of vault you are using, the type of extra security measures you take, if you are the title holder of the bitcoin (versus a custodian/fudiciary), etc.

1 horse sized duck

Project management software and getting proper sleep/time at the gym.

We will be launching an open source coordinator to be help recover funds if we cease to exist, but the entire wallet stack as launched won't be open source. As for competitors, we'll have a first mover advantage on loss data, so we will better be able to underwrite the risk.

Just like any other insurance product, we need to know the counterparty in the transaction. If someone wishes to keep their bitcoin holdings entirely private, I'd recommend not telling a single person about you holding the bitcoin. We are laser focused on our initial product of cold storage insurance, but open to adding other lines as we see traction.

I don't see conflicts of interest around keeping demand high, custodians continue to exist with high demand, this is providing a better financial wrapper to provide those assurances with insurance.

If trident, or the use of miniscript in general makes it such that bitcoin loses trend to 0, over time the risk will be appropriately priced and people will have more affordable premiums as that is validated by the actuarial models.

I sure hope it can survive! There will be insurance of some form, as pooling risk is something that predates fiat by hundreds of years, it'll take on some form of existance even in a post hyperbitcoinzied world.

Stepping into the role as a founder. As a first time founder, it was a new way to look at working a job, and looking back on it now its not something you can prepare for until you are in the driver seat. Looking back on it though, its fundamentally changed my life for the better and don't regret it!

few understand this

100% True, huge shoutouts to my cofounder Becca who has been leading the charge around UX. She is much newer to Bitcoin, and its truly an asset not a liability in this respect.

We have been designing our UX flows in such a way that you don't have to be a technical user of bitcoin to be able to access these more advanced features. Once a vault is set up, it mirrors very much a traditional banking portal with your list of transaction and balances.

In Trident, the word miniscript does not appear once, nor XPUB, PSBT etc, everything is explained in plain english so non technical users can be empowered to know how to use this technology without having to read bitcoin optech newsletters or technical implementation details.

We have spoken to many people who want to have Bitcoin exposure, but they are unable to have direct access to the BTC because of the lack of insurance. As bitcoin continues to get financialized and integrated into the larger economy, its our belief that insurance will be a key part of that financial infrastructure.

Think of it this way, if you're an institutional player, when you buy bitcoin you already are accepting the massive price volatility risk, the last thing you want on top of that is additional risk around a key holder or security setup in such a way where you lose the coins themselves.

What we have built is a tooling which enables for more robust multi institutional custody where no one entity is ever in a position to spend the funds, in a provably auditable way.

I've never lost BTC, but I've had some disastrously close calls back in the day before I used standardized approaches.

I always rotated between zerg and terran. I enjoyed Terran more but much easier to cheese and have strong early/mid game with zerg.

Oh cool, I already have a cowboy hat, yee haw Car!