Tim Bouma on Nostr: A primary motivation for me with #nostr #safebox is to create a completely portable ...

A primary motivation for me with #nostr #safebox is to create a completely portable ‘wallet’ (I prefer safebox) where I can store funds, secrets and proofs and invoke it from anywhere so long as I have the recovery phrase of 12 words. The concept is similar to a cold wallet, not intended to replace it, but this is more like a ‘hot wallet’ you have in the network you can access in times of emergency.

Years ago, when I was travelling in Europe (Finland, to be exact), I had my wallet ripped off. It was the worst feeling ever, and that feeling has stuck with whenever I travel now and I always take extra precautions. But I still imagine losing everything while travelling and I see this as a solution, where I could recover by accessing a safebox, paying for a new device and presenting the proofs that I need to travel and get back home.

quoting note1uz0…qycj

I was successful in using #nostr #safebox for this transaction.

I deposited the funds using one machine (my MacBook) and using the recovery phrase, sent the funds by accessing the safebox on an entirely different machine (a vps). Not only impossible to trace the fund flow, it was impossible to attribute the transaction initiation from any one device.

The proof of concept for #nostr #safebox is now largely complete. I am spending the next few months shoring everything up for an initial software release. note1wc5…k26r