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21 sats \ 6 replies \ @Scoresby 18 Aug \ on: Locked 1 BTC until 2030 bitcoin
If piggy goes out of business, what happens to your btc?
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102 sats \ 3 replies \ @chebibu OP 22h
Per terms:
Liquidation or wound down We are building for the long run. Still, here is our safety plan.
Force unlock for withdrawals: All Smart Locked balances will be unlocked and moved to a withdrawable state.
Withdrawal window: We will announce a clear in-app withdrawal window so you can move funds to your own wallet.
Withdrawal options:
Manual: withdraw to any Bitcoin address you choose.
Automatic (in development): on a liquidation trigger, auto withdraw to your preset Bitcoin address.
Separation of funds: Your bitcoin is held separately from company funds and is never lent or rehypothecated.
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11 sats \ 2 replies \ @Scoresby 20h
Thanks for sharing this!
Is the "Smart Lock" enforced by Bitcoin script or is it done in the app or on your servers?
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21 sats \ 1 reply \ @028559d218 18h
Trust me bro!!!
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102 sats \ 0 replies \ @piggy 15h
If you like custodial “trust me bro” coinos.io, you’ll like pig.gy too! Just give it a try! Maybe even change the Lightning address in your profile to your new Piggy 🐽
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10 sats \ 0 replies \ @ZezzebbulTheMysterious 12h
You lose your money and piggy moves to Thailand with all your coins.
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10 sats \ 0 replies \ @kpa 22h
🤫
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