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20 sats \ 0 replies \ @agbegin 3 Jan \ parent \ on: January 3rd is Proof of Keys Day bitcoin
https://m.stacker.news/10601
lol, I'd refer to it more as shaming @Murch and it's very welcome, when warranted 😄
We had a good laugh at the rant, and not only that, when I commented "I'll create a github issue for it" Darth called us out b/c he had already submit a github issue (much respect for that)
AND it was a request that was also driving me and @andrejstacks crazy.
21 sats \ 3 replies \ @agbegin 8 Dec 2023 \ parent \ on: Tips and Tricks on Using Blink Wallet ⚡️ bitcoin
Ahhh yep I thought it was @designsats who posted that. Thanks for submitting directly to GitHub, will check on them.
11 sats \ 9 replies \ @agbegin 6 Dec 2023 \ parent \ on: Tips and Tricks on Using Blink Wallet ⚡️ bitcoin
Lol great feedback @DarthCoin, we do hear you. Github issue for it coming soon if it's not already there. @designsats has been mentioning it as well and maybe already designed for it.
@Natalia amazing post. Feedback is always welcome. I actually recently created a "powerusers" TG channel as a simple way to provide input and give feedback on what is being worked on.. lmk if interested.
Happy to see that Blink moved up a step in the right direction on the DarthCoin Lightning wallet staircase of fame
@Lux to register an account and get beyond the "trial account", you do need a phone number. However we've added email for increased security for authentication, so once you have an account you can delete your phone and log in using email one time password.
Additional auth capabilities are in development. (like TOTP 2FA)
RE: 12 words... We've spent much time thinking about adding "vault" custodial option (even have some designs worked on with seedsigner), but the feature would be a ways off. See this blog post from @vindard https://bolt.fun/story/on-how-we-get-to-self-custodial-custodians--920
Ah, this would be awesome you are right. Let me check if there's a reason we don't pass it today, and if possible I'll write an issue to make it so
Good inputs, thanks @Lux
Haha just seeing these responses @DarthCoin.
Look, everybody who works at Galoy and on Blink understands that 1 BTC = 1BTC.
The dollar is a shitcoin, but it is the best shitcoin. In US/Europe people say "Buy bitcoin with the intent to hold it for at least 4 years". It's a different context, where Stablesats is useful. People who don't have access to banks, don't have access to dollars, don't have savings, and don't understand Bitcoin (yet). If they earn $30 on monday, they need it to still be $30 on friday when their rent is due. Rather than making them find an ATM or P2P exchange every time they earn money, they can now receive directly to stablesats or convert the amount they want to it.
Also it takes time and energy of local community builders to get a merchant to accept bitcoin, and to get people to spend bitcoin there... Folks have to be quite deep into the rabbit hole before pricing their products in sats at this time.
Here's the issue @Natalia -- lmk if captured well https://github.com/GaloyMoney/galoy-pay/issues/552 Thanks!
This is a good find! Will submit GitHub issue! Looks like the copy button and tapping on QR works as expected, but tapping "Share" is an unexpected result, would you agree?
Yes, so in areas where people come to Bitcoin as medium of exchange first (vs. Store of Value), short term volatility is quite an issue. These folks often don't have a bank account, and using Bitcoin allows them to accept digital payments for the first time.
Stablesats allows somebody to get the benefit of instant, global digital payments without needing to be subject to short-term exchange rate volatility.
Example: Small shop accepts BTC and has to pay their rent or inventory at the end of the week, in fiat. By holding their BTC earnings in Stablesats, they can be sure that a 8% drop in BTC doesn't affect their ability to operate the business.
And it's fully lightning interoperable, so other people have found it quite useful as well. For instance if you are traveling and want to have spending money on hand, you may want to fill your Blink wallet with some sats and not worry if the fiat value of those sats is changing day by day.
Other feedback and/or questions are welcome
Def have heard this feedback before (I work for Galoy / on Blink). Have been considering some improvements to reduce confusion. Do you have any feedback/preference on the below:
- Call it "Dollars," not Stablesats, making it simpler to explain (of course we can have popup that explains and mentions stablesats)
- Start off accounts with only the Bitcoin account, and allow them to "turn on" a stablesats account if they want to use lightning without the short term volatility of BTC
Awesome onboarding work 💪