Jack Ronaldi ⛓ #341

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Jack Ronaldi ⛓ #341

Jack Ronaldi ⛓ #341

@JackRonaldi

Product @VLSProject ⚡️ Fiat product manager by day 🔸

Katılım Mart 2022
3.7K Takip Edilen1.5K Takipçiler
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Jack Ronaldi ⛓ #341
Jack Ronaldi ⛓ #341@JackRonaldi·
When engaging with Bitcoin skeptics, it is important to define our vision & our why. If we each have different goals & values, the conversation should focus on these first. Otoh, if we share goals & values, and disagree on how to get there, a fruitful debate can be had on how
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
“Non-custodial” is not a security model on Lightning. Because signing must be online, the real question is: If your node is compromised, what can the attacker do?
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Your keys are not your coins if your signer does not validate. Blind signing is shared custody with two failure points. Read about the four Lightning custody models and how VLS enables secure, non-custodial Lightning: vls.tech/posts/lightnin…
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
A Lightning wallet is only really self-custodial if: 1. The node runs on your device or 2. You connect to your own node or 3. You're using VLS If it’s using the provider’s node, your keys don’t protect you. The provider's node can tell your wallet to do anything.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
A wallet that blind-signs but calls itself “non-custodial” is like a bank claiming it’s non-custodial because they don’t know your online banking password.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
A hardware wallet that blindly signs any request without checking if it is legitimate would be laughed out of Bitcoin. Yet that’s how most "non-custodial" / "self-custodial" Lightning setups work today. VLS fixes this.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Holding user funds means you’re a custodian. Custodians face licenses, audits, and liabilities in every jurisdiction they touch. With VLS, you can serve users without ever touching their sats.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
A lot of mobile Lightning wallets say they're "non-custodial." We propose that, without VLS, they’re not. Agree or disagree?
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
The only thing worse than a hot wallet is a blind signer. Amiright??
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
“We never hold your funds” beats “Trust us” every time.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Spread the custody. Just kidding. Spread the non-custody. Tag a project that should know about VLS. 👀
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Not your keys, not your coins. Not your signer, not your Lightning.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
The fastest route to non-custodial mobile payments: - hosted node for uptime - VLS for signatures - user retains the keys Speed plus sovereignty. 🚀🛡️
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Daily reminder: it’s all fun and games until you lose all your Lightning funds.
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Every transaction the node proposes must pass a protocol-correctness exam. VLS wrote the exam and grades on an unforgiving curve. No bell curve. Not on our watch.
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
"Non-custodial" Lightning wallet is cool. But not if it achieves that by blindly signing whatever the node asks for. That’s only "non-custodial" in theory, not in practice. We don’t make the rules.
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Role-based approvals mean the intern cannot fat-finger a ten million-sat close. Guardrails matter inside the org too.
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Good UX is spending from your phone. Good security is your phone being unable to cheat. VLS keeps both truths in harmony. 📱✨
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Rolling out Lightning in a new region? Staying non-custodial with VLS sidesteps a mountain of financial regulation.
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Merchants moving sats each second cannot wait for cold storage rituals. VLS grants hot-channel speed with cold-storage level security.
GIF
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Jack Ronaldi ⛓ #341 retweetledi
Validating Lightning Signer
Validating Lightning Signer@VLSProject·
Open source means every line of VLS has been eyeballed by people who care about their own money. Security loves daylight. 🌞
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