At Lucent Labs, we believe that infrastructure enables innovation, and that bitcoin native infrastructure will provide the foundation for decentralized finance in a bitcoin-based economy. Our core mission as a startup is to democratize financial infrastructure and extend it to every organization.
Thank you all for the support and all those who've requested beta access. We're heads down building, but will share in this journey with you all. WE WILL WIN.
"Bitcoin Cache is our secure bitcoin treasury infrastructure for customers to secure their private keys with programmable custody workflows, merkle tree-based proof of reserves capabilities, and disaster recovery best practices. Cache makes it easy for bitcoin operators to setup, verify, and secure their organizations bitcoin with a customized custody solution for the long term." How this sound next FTX to me?
FTX is a custodial exchange. Cache is self-managed custody solution. With Cache, we are aiming for organizations to secure their own private keys, using multisig + policies based approach, and embrace their sovereignty while hedging custodial risk.
Prediction: customized custody solutions "Multisig Custodians" where customer holds one and custodian holds 2 private keys of a 2of3 multisig wallet will be the next rug pull.
NOT YOUR KEYS, NOT YOUR COINS
Even if you own 1 Key, the bottom line stays the same.
Twitter post: https://twitter.com/LucentLabz/status/1602376904111161345
Lucent Labs Blog: https://www.lucentlabs.co/blogs/announcing-bolt-node-and-bitcoin-cache
About Lucent Labs:
At Lucent Labs, we believe that infrastructure enables innovation, and that bitcoin native infrastructure will provide the foundation for decentralized finance in a bitcoin-based economy. Our core mission as a startup is to democratize financial infrastructure and extend it to every organization.
Thank you all for the support and all those who've requested beta access. We're heads down building, but will share in this journey with you all. WE WILL WIN.
"Bitcoin Cache is our secure bitcoin treasury infrastructure for customers to secure their private keys with programmable custody workflows, merkle tree-based proof of reserves capabilities, and disaster recovery best practices. Cache makes it easy for bitcoin operators to setup, verify, and secure their organizations bitcoin with a customized custody solution for the long term."
How this sound next FTX to me?
FTX is a custodial exchange. Cache is self-managed custody solution. With Cache, we are aiming for organizations to secure their own private keys, using multisig + policies based approach, and embrace their sovereignty while hedging custodial risk.
Prediction: customized custody solutions "Multisig Custodians" where customer holds one and custodian holds 2 private keys of a 2of3 multisig wallet will be the next rug pull.
NOT YOUR KEYS, NOT YOUR COINS
Even if you own 1 Key, the bottom line stays the same.
Be vigilant
Great job guys! Looking forward to seeing more and trying this out when available! Keep up the hard work.
Thanks for the support @gd 🙏🏼