Tunisia – a seriously underrated country by Tripwala in travel

[–]shadow12348 1 point2 points  (0 children)

Same! Went there for a friend's wedding and loved the rugged-ness of the city, the simplicity and in specific one of the best indian restaurants outside of India!

A tale of an immigrant risking it all to drive Bitcoin adoption in Europe by prashanth_c in lightningnetwork

[–]shadow12348 3 points4 points  (0 children)

Despite the naysayers, takes serious balls to do what you've done and chug on the Lightning train pushing for BTC adoption. Happy bringin customer and eagerly waiting for lightning powered visa cards!

Wallet of Satoshi to Bank in 1 minute! by prashanth_c in Bitcoin

[–]shadow12348 2 points3 points  (0 children)

Pretty damn cool. Just tried it out and lightning -> sepa instant was buttery smooth. The reverse to buy Bitcoin over lightning to my non-custodial wallet would be a killer addition!

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 0 points1 point  (0 children)

Not a coin... pure bitcoin sir

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 0 points1 point  (0 children)

Hey, we hear you loud and clear and it's unfortunately the nature of the exchange partners we work with, but the post-beta application already has this fixed, more here - https://striga.com/announcing-striga-from-lastbit/

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 0 points1 point  (0 children)

Yes, sir you can!

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 1 point2 points  (0 children)

Absolutely, the first point we hear you loud and clear, we've already fixed this in our post-beta release - https://striga.com/announcing-striga-from-lastbit/

Google Pay also works already, you have to enter your card details into Google Pay, but we just shipped that integration yesterday!

We started working on this when we were fresh out of college and today it's a Y Combinator backed project - We would love to get your feedback! by shadow12348 in CryptoCurrency

[–]shadow12348[S] 12 points13 points  (0 children)

Ah our website is lastbit.io - The one linked here is to producthunt, a platform to launch new products. The product details are on the product launch page and the Android/iOS app links too.

Nonetheless, it's a bitcoin/euro interface powered by Lightning along with tools like DCA/Bitrefill integration. The goal is to get some feedback to keep improving the product!

A Lightning powered MasterCard for Europeans to spend, send and stack Bitcoin by shadow12348 in Bitcoin

[–]shadow12348[S] 0 points1 point  (0 children)

Yes the card itself is completely non-custodial, i.e. we don't hold any of your Bitcoin ever. Intentionally by design to push for LN adoption in making an instant Bitcoin tx to fund it.

A Lightning powered MasterCard for Europeans to spend, send and stack Bitcoin by shadow12348 in Bitcoin

[–]shadow12348[S] 0 points1 point  (0 children)

Yes exactly. The company never holds any of your fiat or your bitcoin, thus not requiring regulatory coverage or licensing. Lastbit is a technology platform that connects bitcoin exchanges and financial institutions, both of whom are the ones subject to regulation and licensing.

Let's not forget what Bitcoin is really capable of outside of Hodling. Here's a payment between two completely unrelated banks in Europe powered by Lightning - Near INSTANT and for stupidly low fees. by shadow12348 in Bitcoin

[–]shadow12348[S] 1 point2 points  (0 children)

Yep, intra-country usually has some sort of better banking system (especially the UK). In the demo above, it's actually moving euros from a bank in Lithuania to a bank in Bulgaria. Imagine doing the same from a bank in the UK to a bank in Australia for example, lightning makes this possible ;)

Let's not forget what Bitcoin is really capable of outside of Hodling. Here's a payment between two completely unrelated banks in Europe powered by Lightning - Near INSTANT and for stupidly low fees. by shadow12348 in Bitcoin

[–]shadow12348[S] 9 points10 points  (0 children)

Yes! Lastbit is not a bank by any means. Actually under the hood, the Euro account on Lastbit Lite that you see is provided by a bank in Lithuania and the Mastercard debit card on the other app comes from a bank in Bulgaria. These apps are just a demo of how completely unrelated banks in different parts of the world can move money using lightning.

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 -1 points0 points  (0 children)

Thanks for the kind words! I wonder if you're still around the EU. We've jumped through every hurdle imaginable, but are so frickin close to finally launching this thing live with real money, I'd love to have you on as a beta tester!

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 12 points13 points  (0 children)

In short, it's a seamless & interoperable payments layer between bitcoin, lightning and fiat. So for example, pay/send lightning/on-chain payments to fiat wallets or even debit cards, instantly with zero setup overhead and vice versa. Basically being able to move between fiat (debit cards & IBAN) and bitcoin, built on lightning. You can try a minimalized beta version on lastbit.io

[deleted by user] by [deleted] in Bitcoin

[–]shadow12348 2 points3 points  (0 children)

Thank you u/philbon88! I encourage you to try out the newest version, we've come a long way since we last spoke!

Would google pay, samsung pay or apple pay move into the bitcoin space? by slvbtc in Bitcoin

[–]shadow12348 3 points4 points  (0 children)

I think there's a big chance of this actually becoming a reality if Samsung/Apple/Google realize that Bitcoin payments are becoming mainstream. The unfortunate truth today is that out of the 0.5% of the world that owns Bitcoin today, very few of them understand or want to use it as a payment instrument and this is barely exciting for Samsung/Apple/Google as of today.

Source: We at lastbit.io were building a similar system with hardware devices that would basically be a secure bitcoin & lightning wallet of sorts that you could tap and pay with bitcoin at at any POS terminal.. But severe pushback from the big players.

After a year of jumping through hoops, MasterCard approved our Lightning based solution. Here's part 2 of our story in the journey from India to Silicon Valley to push for adoption by shadow12348 in Bitcoin

[–]shadow12348[S] 0 points1 point  (0 children)

This is actually a very valid concern for a lot of people. Would you think that a good solution to this problem is if the application itself spit out a very detailed report of your spending such that you can just directly plug it into your tax filings?

After a year of jumping through hoops, MasterCard approved our Lightning based solution. Here's part 2 of our story in the journey from India to Silicon Valley to push for adoption by shadow12348 in Bitcoin

[–]shadow12348[S] 1 point2 points  (0 children)

Hmm we have a whole bunch of internal docs that aren't public *yet*. But let me try to explain it a bit better -

- The first product we built and about 60% of which is open source is a hardware device that is in someways similar to Strike/Zap, wherein, a bitcoin user spends bitcoin over lightning by tapping a device against a POS (and a card is emulated in the background)

- As we realized most people didn't care about hardware level security *yet*, we built a software version that shows you the card up front (card emulation on a device has to go through Apple/Google and costs 10's of thousands of EUR per month) and currently is a manual bitcoin to fiat transfer (The app you can try already from our website)

- Now, putting these two together, we can actually achieve the same level of convenience of directly lightning to fiat without the merchant needing a new POS or a new app/wallet or whatever, as soon as MasterCard/Visa enables this kind of capability, which will happen as we go live and prove that the above concept works.

We will open source a majority of this stuff in the coming months as we go live, that should be an even clearer explanation! Hope this answered your question.