- 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:
4/ On-chain send/receive Bitcoin works but with an error in the fee calculation that I described yesterday. This makes BTC merchant payments nearly impossible:
5/ When clicking on "Pay in Wallet" from a third party site like @bitrefill, Chivo does not revert back correctly and returns error. According to our team Chivo needs to implement the following URI schemes:
6/ Overall we've seen some improvements in both functionality and performance since yesterday but still a ways to go. We @bitrefill are changing around our UI to provide workarounds for the time being and will be ready to flex back as Chivo continues updating its app.
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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.
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.
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.
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.
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.
[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:
[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.