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Video Description

In this video, I discuss the new mobile Aqua Wallet, and how it uses on-chain BTC, L-BTC, and BTC over the Lightning Network.
The Aqua Wallet is a great wallet to bring to Latin America, or to use in your home country when on-chain transaction fees are high.
One strategy is to stack L-BTC on Aqua (receiving via Lightning or Liquid) and then swap into on-chain BTC once you have over 1 million sats.
Aqua Wallet provides a nice work-around if you don't want to have to deal with Lightning channel management on a non-custodial Lightning wallet.
crap wallet
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What's the biggest issue?
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Samson has helped more people than your speculation on biblical law
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The biggest issue is that the wallet actually helps people in Latin America.
Darth is too busy padding his ego
He also hates liquid network because he hates Blockstream
He also hates liquid because it competes with his lightning guides
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10 sats \ 1 reply \ @Hamstr 29 May
@Bell_curve you should hate Blockstream, these guys aren't the good guys they claim to be.
The Bitcoin core team created lighting because of Blockstream. In some sense, it should have never existed.
just remember, Blockstream is a publicly traded company, who do you think their alliance is to?
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Publicly traded?
What is the ticker?
When was the IPO?
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300 sats \ 1 reply \ @Lux 29 May
scam
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Darth circle jerk
Aqua is helping people in Latin America
God forbid we help people in poor countries
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Very nice, easy to use wallet but you can't swap between onchain and lightning or liquid in the wallet. What's the point of having all three if you can't swap.
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I'd imagine they'll have that functionality eventually. It seems like that isn't easy to implement. I remember there being a lot of criticisms of how Muun attempted to do it.
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We finally launched Chain Swaps (Liquid <> Mainchain) today ✌️
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Not managing a lightning channel sounds appealing especially for a novice
Swapping between liquid and bitcoin in Aqua wallet doesn’t exist in iOS. Apple Store shenanigans after the latest update.
deleted by author
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Swaps are not working on iOS now. At least where I am. Was working fine a month ago though.
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USA restriction hopefully temporary
Side swap still works and boltz.exchange
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Yes looks like disabled in some regions.
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35 sats \ 6 replies \ @mo 29 May
The options available speaks loud about their business model... convert everything to💧, that's sucks. The main goal should be 💧🔁⚡
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deleted by author
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Are you affiliated with this wallet or any company making business behind it? Am not sure why you support this custodial bunco...
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I’m affiliated with Blockstream
Are you affiliated with Darth circle jerk?
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I think he is just clarifying some misunderstandings myself and others had regarding the feature set. I didn't take it as promoting it.
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31 sats \ 1 reply \ @zklsbn 29 May
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We can’t have a discussion about aqua and liquid with the darth circle jerkers
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Boltz is great for swapping.
Side swap for liquid to bitcoin and vice versa
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You're right my bad. I think I assumed there was no swap functionality at all because when I first downloaded it I thought it would be a great wallet for onchain to lightning swaps but I wasn't able to do that. I recall sending some L-BTC to it from my green wallet but never tried the lightning to liquid functionality. I will look into it further.
Hopefully in the future it has onchain to lightning.
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60 sats \ 1 reply \ @zklsbn 29 May
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I see what you are saying. So I can effectively get Onchain to lightning by going through liquid.
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52 sats \ 1 reply \ @anon 29 May
Bullbitcoin also came out with an app that does all three (with boltz under the hood) : lightning, liquid bitcoin and bitcoin. Not supporting Tor yet though.
I prefer green wallet but to each their own, Marina also offers everything Aqua does, if you're keen to use a browser extension
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Thanks for the recommendations, I'll check them out.
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Green is better for on chain
Green supports liquid but lightning is still experimental
Aqua is easier imo. I use both.
Samson used to work for Blockstream.
Aqua has a telegram group. The admins are also admins for blockstream green telegram groups
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Also supports HWW if you're so inclined, LN with greenlight is defs a bit of a ballache at the mo
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Tried it recently, overall ok, but I didn't like the additional fees for performing an L-BTC/lighting swap each time I send/receive lighting.
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I got crucified by others (not you) for suggesting Muun.... this wallet does exactly the same, as per their docs: AQUA sends Bitcoin on Lightning via submarine swaps . I'm just curious if the frantic outcry will happen again...
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I think the difference is the aqua uses LBTC so during the high fee market it will still be working fine. But we'll see
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The frantic outcry regardless of that is "It uses Liquid which is ultimately a custodial multi-sig with a bunch of companies and you aren't one of them nor do you have unilateral exit"
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But e cash federations are kosher
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Said who? (Actually I know a lot of people who said they were, I'm just saying I'm not one of them)
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The mutiny creator
Liquid is bad because of federation
But please embrace fedimint and cashu
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I'm not gonna embrace fediment and cashu. Its also not the first thing I've disagreed with the mutiny creator about lmao. Its not that much that I disagree with him so don't get that impression, but lets just leave it at, I'm not a hero worshiper lol.
So look I'm looking at self-custodial stuff. n-of-n multi-sig like how the lightning network is 2-of-2. So you could do more like 7-of-7, but all of the participants have to be online. So all 7 people have to be online. However, if we have CTV (or any other covenant method) we could do timeout tree vtxos and then its like the ARK protocol.
(Pending a better paper getting made) I currently like John Law's "Scaling Lightning with Simple Covenants" https://github.com/JohnLaw2/ln-scaling-covenants/blob/main/scalingcovenants_v1.3.pdf
Because I don't want banks/rehypothecation.
Now, I did see Calle talk about trading one e-cash with another e-cash atomically which was neat and everything, but being m-of-n (a federation or 3-of-4 for example) instead of n-of-n with unilateral exit doesn't sit right with me.
But who knows, maybe we'll figure out something self-custodial with e-cash somehow...who knows what the future could hold.
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Good analysis
I like to point out the liquid federation haters who speak highly of e cash mints like Fedi and cashu. I guess they can’t ascertain fedi is short for federation. Their hypocrisy is annoying in addition to their lack of logic.
On mutiny you have to join a federation before opening a lightning channel.
I am bullish on liquid and lightning and fedimint
Federations are not the end of the world. I won’t lose any sleep over it.
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On mutiny you have to join a federation before opening a lightning channel.
No, you don't. We had channel opening functionality at the beginning far before adding fedimint. And nothing has changed with it.
Of course the immature outcry will happen led by Darth and his circle jerk followers
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I can not even. Any reply to them is not worth the wear on the keyboard.
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It’s like arguing with a 5 year old
I am sure they muted me because bullies don’t like to get punched
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I have never used this wallet. so can't say anything about it.
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It’s a liquid and on chain wallet that has lightning functionality
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