reply on: Would You Use a Bitcoin Piggy Bank? \ stacker news ~lightning

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0 sats \ 7 replies \ @Scoresby 12 Aug \ on: Would You Use a Bitcoin Piggy Bank? lightning

This thing looks like it's trying to be everything...except self-custody. What is the use case where I'd want to use this rather than just using an foss wallet to create a new wallet?

67 sats \ 6 replies \ @anon 12 Aug

Gift a newbie some bitcoin? Or lock bitcoin away so you don’t spend it. There are lots of use cases for a Bitcoin piggy bank. This isn’t a replacement for self-custody, which can be hard and isn’t right for everyone, or for every amount.

57 sats \ 5 replies \ @Scoresby 12 Aug

timelocks can be done with bitcoin as is.

gifting is an interesting use-case, but again, why not just create a wallet, send some btc to it, and then give your giftee the seed words?

102 sats \ 4 replies \ @piggy 12 Aug freebie

Yep, you can still do that when fees are low, but it’s not as cool as sending an AI Piggy Bank, with easy-to-understand instructions, one-click claim. Also, on-chain Bitcoin will increasingly be used only for high-value transactions.

0 sats \ 3 replies \ @Scoresby 12 Aug

Okey doke. Who do you all see as your target audience? I'll admit I don't really see myself using it, but I'm curious who it's designed for.

102 sats \ 2 replies \ @piggy 12 Aug

Totally fair, and great question: Newcomers & gift-givers (gifting or onboarding friends and family), goal-based savers, creators & small communities (accept lightning tips and run quick crowdfunds without heavy setup). You can even use the free version of Piggy as a disposable lightning wallet.