Learnings on El Salvador Chivo app functionality so far:

- You can use the original $30 BTC to send off-chain, but you have to send it back and forth in Chivo 3-5 times
- You CAN send #Lightning to Chivo
- You CAN send Lightning FROM Chivo
- on-chain are NOT being batched
Native Segwit is being used.
The lightning invoices generated by Chivo contain the full legal name of the creator of the invoice. This to me seems like a privacy issue that should be dealt with.
Name is whited out but is in the "description" field.
According to this thread this morning, the Huawei verison of the app may have access to microphone and contact list. The iPhone and Android apps were slow to deploy this morning, maybe because of these concerns.

More clarity would be helpful.

Potential bug: When pasting in a lightning invoice which already has the number of sats required, the Chivo app asks the user to manually input the amount being sent. And when the it is inputted manually the payment throws error "No se pudo realizar esta operacion undefined."
Another bug: Chivo app appears to have a minimum send amount for both on-chain and lightning. We feel that this was created for on-chain BTC but was mistakenly applied to lightning as well.
Another bug: Chivo tends to scan LN QR codes correctly but when pasting in an LN invoice to the app it tends to bug out. This may be an format mismatch between Chivo and Bitrefill but I would suspect it is happening with other LN wallets as well.
Another bug: When sending on-chain BTC, Bitrefill asks the user to send a certain amount (.0001 BTC) and the user in Chivo inputs that number, but then afterwards Chivo takes the fee from that .0001 BTC and so Bitrefill receives less (.00095 BTC) than what was expected.
This is non-standard behavior with Bitcoin wallets. The fee should instead be deducted from the remaining balance in the Chivo user's app, not the amount being sent.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Matt Ahlborg

Matt Ahlborg Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MattAhlborg

8 Sep
1/ Update on #ChivoWallet app functionality today based on our work @bitrefill:

- Receive lightning works but UX is really bad. You have to click "Recibir", then "BTC", and then click dropdown at the top and click "Otras Billeteras" where "Reciber Bitcoin via Lightning" shows.
2/ Send lightning works with a QR code but pasting in invoice gives an error asking for amt even though it should already know the amt.
3/ Send lighting still has a minimum amount of $5 which really needs to be fixed but at least it is throwing a proper error now to inform the users:
Read 6 tweets
7 Sep
Seems like the airdroppped $30 BTC is not allowed to be sent outside of the "Chivo" system. This is pretty much the same as what the fiat banking system does in many countries preventing users from freely spending their money in the free market.

Very bearish.
This will cause black markets to form where people wishing to free their "stuck" money will have to find a counterparty on the street who is willing to accept these "stuck" bitcoins in exchange for bitcoins/USD outside of the system.
So a user will send their $30 to the agreed counterparty within the system and then get paid an amount less than $30 outside the system.

In Lebanon these are known as "Lollars".
Read 4 tweets
1 Sep
1/ Some super interesting #LightningNetwork trends @bitrefill lately...

Emerging markets, not the US or Europe, have been leading the way in lightning adoption.

For example, 92% of all payments coming to us from El Salvador are riding lightning rails this month...
2/ The El Salvador growth is likely due to @Bitcoinbeach and @ln_strike's direct efforts there however, and so we have to concede that the growth has been nurtured along more there.

What's more impressive to me are Brazil and Nigeria's 39% and 33% lightning payment shares...
3/ For Brazil, many users are coming to us through @bluewalletio's integration after having been taught by the @bitcoinheiros community there. This is highly organic growth and is really encouraging to see.

bluewallet.io/marketplace/
Read 10 tweets
21 Aug 20
1/ An absolutely incredible story out of Venezuela today. @theairtm, a @Coinbase funded digital currency exchange, has been elected to redistribute $18M in US government seized corruption funds of the Maduro government back to 62,000 healthcare workers in Venezuela.
2/ @jguaido, leader of the opposition in Venezuela, repeatedly recognized AirTM’s efforts in a press release yesterday and outlined their plans for airdropping censorship-resistant digital dollars onto Venezuelan healthcare workers through their platform.

3/ How will AirTM achieve this you ask? AirTM operates a censorship-resistant P2P exchange from Mexico City where its primarily Venezuelan users haved logged in to trade Bolivars and Bitcoin for digital US Dollars for years.
Read 10 tweets
5 May 20
[1/5] Holy Smokes! Sub-Saharan Africa had its first 10M voume week ever on P2P exchanges, stomping the weekly record set in Dec 2017! The volume is likely a bedrock of utility use with a substantial bump of speculation related to the halvening:
[2/5] Ghana, Kenya, and Central Africa hit new volume records this week and Nigeria nearly did:

usefultulips.org/combined_Sub%2…
[3/5] Nigeria in particular has shown some interesting changes recently as it transitioned from trading at a discount mere months ago to trading at a premium now. I believe this may be related to oil price collapse and corresponding pressure on the Nigeria's currency, the Naira.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(