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@anon
stacking since: #223678
102 sats \ 1 reply \ @anon 2h \ on: The BitVault B-SSL vault proposal doesn't make any sense bitcoin
Hey everyone — I really appreciate the feedback and the attention given to BitVault and the B-SSL paper.
Let me clarify a few important distinctions that might help clear up the confusion 👇
1️⃣ BitVault ≠ B-SSL
- BitVault is a user-facing wallet and security app — its mission is to protect people from physical attacks, hacks, and coercion through time-delayed co-signing, secret notifications, and multisig distribution. Think of it as a defensive layer for humans.
- B-SSL (Bitcoin Secure Signing Layer) is research, not a commercial feature yet. It’s aimed at solving a different problem entirely — the loss of keys in self-custody — by introducing a covenant-free vault model that allows long-term recovery without custodial risk. Think of it as a durability layer for keys. They are complementary but separate — B-SSL is open for review and refinement by the community before any code is released.
2️⃣ About the 2 h – 15 d timelock
That range is not meant to “store” coins for years; it’s meant to create a delay window before a spend is finalized — the same principle behind existing vault prototypes.
The longer (1 – 3 y) delays apply to fallback and recovery paths, not normal transactions.
So there’s no need to “cycle” funds unless you want perpetual delay rotation — a choice that’s user-configurable, not mandatory.
3️⃣ Why the code isn’t public yet
BitVault is currently conducting security audits and user-testing of the beta build before any production code is pushed.
B-SSL, as a research paper, is intentionally public before implementation to invite peer review — exactly how open research should work in Bitcoin.
4️⃣ What the Convenience Service actually does
The CS is not a custodian.
It cannot spend coins, alter delays, or hold keys.
It simply co-signs after Bitcoin’s own consensus-enforced delay has expired — or not at all.
If it disappears, the user still has full fallback paths.
It’s optional convenience, not trust.
5️⃣ The big picture
BitVault’s goal is to make Bitcoin self-custody safer for ordinary people.
B-SSL’s goal is to make it harder to lose Bitcoin forever.
They solve different risks — one human, one structural — and both are being shared openly for discussion because that’s how Bitcoin evolves: through transparent debate, peer review, and collaboration.
In short:
BitVault protects users from attacks and coercion.
B-SSL protects users from key loss and permanent lock-out.
Both remain 100 % non-custodial and enforce all conditions on-chain.
While the code is not public you can subscribe to be a beta tester on our website: https://www.bitvault.sv/
The BitVault Team
Apparently bitcoin is only 7 years old, and Ethereum was invented in 2020...
With such basic mistakes, it really makes you doubt how much fact checking was done by the joubral that published the article, underlying the flaw of the peer reviewed system.
Exactly. Early investors taking profits makes sense — but for most, it’s pure FOMO. Human psychology doesn’t change; the same patterns play out every cycle, whether it’s stocks, gold, or Bitcoin.
This perfectly highlights the disconnect between TradFi thinking and the new monetary reality. Locking funds for 30 years in hopes of a 4–5x return feels outdated when we have assets like Bitcoin that have already proven themselves over a similar timeframe. The system keeps telling ordinary people to save harder within a broken framework instead of rethinking money itself. Stack sats don’t get trapped.
Wow, this is amazing! A dedicated Bitcoin Art Magazine is such a creative way to showcase the culture and artistic side of Bitcoin. Congrats on the Genesis Edition launch, Asanoha it’s inspiring to see Bitcoin and art come together like this.
I like to think of cashu and l-btc as a stablecoin. One has a blockchain and one doesn't. Of course they're not bitcoin, they are tools that allow you to represent bitcoin and move value without losing bitcoin exposure.
@DarthCoin's peaceful sockpuppet account
My understanding is that a phone would be too expensive because it will be produced in less quantities compared to big brands. So it is not going to be competitive. E.g. not many people would buy such a phone for 2000-3000 EUR.
You could use Manna, and then create a watch-only wallet on Blockstream with the same keys, and share that with the group.