a_priori on Nostr: Been using boltz.exchange a lot recently with Minibits and I have to say, this seems ...
Been using boltz.exchange a lot recently with Minibits and I have to say, this seems like a simple way to gain privacy.
I have sats with questionable opsec in Liquid, so I use boltz to move sats into Minibits, wait, then in a day or two, use boltz to move those sats into a different Liquid wallet. Even easier if you have sats in a Lightning wallet to begin with.
Once you have a decent stack in Liquid, you can use boltz to convert back into BTC if you choose.
- Always connect to boltz over Tor.
- Always use Tor or a VPN on the device running Minibits.
- Green can be used for L-BTC and it can be configured to run over Tor as well.
- Use random or random-ish values (ie don't send exactly the same amount into Minibits as you take out later)
Risk
Risk tolerance is up to you. Minibits regularly has withdrawals of up to 100,000 sats each day (about $70 as of today), so you have somewhat of a crowd to hide in. I consider Minibits much more experimental than Liquid, so I don't assume my sats are 100% safe when parked there. The idea is that Minibits is a pitstop only for breaking any links those sats might have. If something goes wrong and my small stack of sats ends up as an unintentional donation to the Minibits team, I wouldn't lose much sleep over it.
Liquid is run by a federation that could theoretically collude and steal all the funds, but it has a long track record and if they were to exit scam, that would be the end of Liquid (and Blockstream) and all of the infrastructure they have built would be for nothing. Still, only keep funds in Liquid that wouldn't be devastating to lose. If you feel anxious about the amount of L-BTC you've accumulated, you can use boltz to swap back into real BTC.
Fees
As of today, sending 50,000 sats from Lightning to Liquid will cost you 544 sats on boltz ($0.38)
Liquid to Lightning is even cheaper at 198 sats ($0.14)
minibits.cash
blockstream.com/green
torproject.org
#opsec #privacy #minibits #liquid #boltz
I have sats with questionable opsec in Liquid, so I use boltz to move sats into Minibits, wait, then in a day or two, use boltz to move those sats into a different Liquid wallet. Even easier if you have sats in a Lightning wallet to begin with.
Once you have a decent stack in Liquid, you can use boltz to convert back into BTC if you choose.
- Always connect to boltz over Tor.
- Always use Tor or a VPN on the device running Minibits.
- Green can be used for L-BTC and it can be configured to run over Tor as well.
- Use random or random-ish values (ie don't send exactly the same amount into Minibits as you take out later)
Risk
Risk tolerance is up to you. Minibits regularly has withdrawals of up to 100,000 sats each day (about $70 as of today), so you have somewhat of a crowd to hide in. I consider Minibits much more experimental than Liquid, so I don't assume my sats are 100% safe when parked there. The idea is that Minibits is a pitstop only for breaking any links those sats might have. If something goes wrong and my small stack of sats ends up as an unintentional donation to the Minibits team, I wouldn't lose much sleep over it.
Liquid is run by a federation that could theoretically collude and steal all the funds, but it has a long track record and if they were to exit scam, that would be the end of Liquid (and Blockstream) and all of the infrastructure they have built would be for nothing. Still, only keep funds in Liquid that wouldn't be devastating to lose. If you feel anxious about the amount of L-BTC you've accumulated, you can use boltz to swap back into real BTC.
Fees
As of today, sending 50,000 sats from Lightning to Liquid will cost you 544 sats on boltz ($0.38)
Liquid to Lightning is even cheaper at 198 sats ($0.14)
minibits.cash
blockstream.com/green
torproject.org
#opsec #privacy #minibits #liquid #boltz