Most businesses that hold bitcoin face the same issue.
Custodians remove control. Retail wallets cannot pass audit.
Liana Business gives organisations full ownership, governance alignment, and audit-ready control.
Check it out https://t.co/PEhvv7UyKE
Thank you to all the open source contributors building on Liana, and/or helping us with new features and ideas!
Soon we will start working on "integrations" with other companies/products, so you can benefit from things we don't offer directly (on/off ramp, cosigners, swaps...).
11/ La mejor herramienta para este tipo de esquemas, sin duda, es Liana (@lianabitcoin).
Para primero entender bien este tipo de esquemas recomiendo ver este podcast de mi colega @MatheyBTC con @BernabeuAdrian. https://t.co/eZEweZYZGe
Bitcoin gives you 2 ways to program time into your spending conditions, and a lot of people don't understand the difference between the two.
One works like a calendar, the other like an hourglass. They look like they do the same job, but the logic underneath is the polar opposite.
Here's the difference between relative and absolute timelocks, explained from scratch.
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A Bitcoin script never looks at the time.
We picture a timelock as an opcode reading a clock. It reads no clock.
It only forces the tx to declare a field, and the network compares that field to what we accept as time.
Here's how it actually works.
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Putting a timelock in a spending condition means etching a time value into it that has to be met.
But how do nodes know which unit that time value is written in, and how do they compare it against a real-world time reference?
Depending on the unit and the type of timelock you pick, you're not measuring the same thing, or reaching as far into the future.
Here's how time is handled inside Bitcoin timelocks.
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Sure we could be a custodian instead, and make money easily.
We are playing the hard mode, where we can't touch our users money, we don't have any key, and we even open source our code. Not because it's fun, but because it's necessary for security.
Stop LARPing and get in control.
Wizardine's HWI implementation in Rust for @lianabitcoin (async-hwi) is in the process of being generalized as a new, cleaner, pair of libraries that should be reusable by all Bitcoin projects.
Thanks to Trevor's and @edouardparis' efforts, it is now getting close to parity with python-hwi.