pull down to refresh
@supratic
stacking since: #163128longest cowboy streak: 25
36 sats \ 0 replies \ @supratic 7 May \ parent \ on: Daily Robosats Update 5/7/25 bitcoin
you share it some time ago #967261
isn't just easier to have a look at https://p2p.band instead spamming ~bitcoin with this daily?
It also has lnp2pbot and mostro trades stats on top of robosats
Keep it simple make sense, but a 2-of-3 can't apply or satisfy to all cases. How do you see multisig applied at different levels, for both cold storage, transactional and cache?
The cold storage with a 2-of-3, will always be predominantly receiving predefined UTXO let's say at 0.1BTC (only if the business is profitable obviously). A transactional account could have another 2-of-3 multisig to manage extra expense but also receive payments bigger payments from clients. And a third cash level to where, as you suggested, medium managers/signers can deal with smaller amounts and less important multisigs or singlesig.
Would this setup decrease risk of exposing the cold storage and distribute assets and responsibilities following the merkle tree each organization already has?
3 level of security make sense and should be used by everyone, 100% on it.
On the cold-storage level, do you think there should be any change in the process when setting up a 3-of-2 vs a 7-of-10 multisig? With process, I mean security practices before and after the multisig setup.
Am not following, just referring contents. In the video above, he promotes self-custody but then use third parties to hold Strategy stash. This is even a dummier decision when one realize that only 2% of these funds are actually insured. If something happen to CoinBase they lose 98% of it, by contract.
Let's take Strategy now, they hold only 80k BTC circa on coincabse, where are the other stored then? Self custody?
for onchain cold reserves, I think is amust, especially when more people must access those funds.
That's what I'm talking about, especially when in the organization there are changes of directors or other possible threats to the cold reserve. It is a hell step learning curve for those that focus on doing and managing business, Especially if until yesterday they were relaying on banks to keep their funds safe. Today they can do themselves, not easy t learn how, especially if there isn't much guidance and documentation on it
That's what I guess. Wondering if Strategy is actually self-custodying as Mr Saylor mention on this video. I guess is not, but maybe they are?
Thaks for sharing this old post, really useful. I took big organizations as an example, in reality could apply to any business. I know you have a guide that describe how to be your own bank. It works for personal use and when one is in charge with singleSig. But how it does scale for multiSig setups? There are any framework or guideline that can be useful also for smaller businesses?
Thank you for the link. My question is not about which wallets support scanning LNURL Auth QR codes, it's about which wallets can provide a LNURL Auth Public Key as a text string, something like:
LNURL1DP68GURN8GHJ7UM9WFMXJCM99E3K7MF0V9CXJ0M385EKVCENXC6R2C35XVUKXEFCV5MKVV34X5EKZD3EV56NYD3HXQURZEPEXEJXXEPNXSCRVWFNV9NXZCN9XQ6XYEFHVGCXXCMYXYMNSERXFQ5FNS
I did find a link in your guide which wallets support LNURL Auth
and a link to https://github.com/lnurl/luds#services. Still, the list of services listed does not provide any specification that responds to my question, or maybe my current knowledge does not allow me to find the response I'm looking for.
Thanks, do you have a link where this is documented?
@adam_coinos_io what was the reason to have it removed?
I'll be curious to know how, too. Submarine swap with bolt or do you think ark implemented something in the protocol itself?
why chose to run a mempool under mempool.space instead of having mempool.strategy.com like gob.sv did?
‘HIGHLIGHT’
Entering into the space is overwhelming for even the most astute
- It’s not just about explaining money. Or explaining tech. It’s about catching someone at the intersection of two very difficult spaces:
- They have to already be questioning how our financial system works. They have to not get overwhelmed by the technical layer Bitcoin requires.
That's a small Venn diagram overlap — and it's getting even smaller.
With more and more people living paycheck to paycheck, convincing them to invest in a “new monetary system” is a tough sell. Most people aren't looking for revolution. They're looking to pay rent next month. The pitch for Bitcoin — sovereignty, decentralization, hard money — sounds abstract when you’re staring down bills and inflation.
And even if someone is curious, they run headfirst into the second wall: tech overwhelm.
And continues with
Even the communities that should be onboarding newcomers — like Nostr, or the Bitcoin subreddit — often feel closed off. There’s still a culture of arrogance, memes, and inside jokes. Instead of welcoming the curious, it sometimes ridicules them.
The irony is brutal: Bitcoin is supposed to be for everyone. But today, it still feels like it’s for insiders.
Confirming my assumptions then. Shared it here mostly to spread awareness on the misinformation around SN.