#202: Adam Soltys
10/17/2020 · 73 min · transcript via mlx
Tags
Key topics
— Adam Soltys, developer of Coinos.io, is building a web wallet with integrated Lightning and Liquid support, prioritizing user experience and convenience over full custody control.
— Althea meshnet project in Vancouver aims to create decentralized, incentivized internet infrastructure via cryptocurrency payments, reducing censorship and ISP dependence.
— Liquid sidechain offers faster blocks (one minute), confidential transactions, low fees, and the ability to issue and trade custom tokens or stablecoins without smart contract complexity.
— Web wallet security trade-off: custodial convenience for small spending amounts (under $1,000) versus cold storage for long-term holdings; open-source server code allows anyone to run their own CoinOS instance.
— Atomic swaps on Liquid enable trustless peer-to-peer asset exchange between different tokens without requiring custodial intermediaries.
— Regulatory pressure in Canada (KYC/AML rules effective June) threatens small custodial services; Soltys plans soft limits and non-custodial options to stay compliant while preserving privacy.
Market & price signals
— None discussed.
Actionable insights
— Test Liquid as a spending layer: download Aqua Wallet or use Coinos to experiment with Liquid transactions, which avoid routing errors and offer consistent 0.1 sat/byte fees compared to volatile Bitcoin mainchain costs.
— Consider Coinos for micro-to-mid-sized spending wallets ($100–$1,000 range) where convenience and cross-layer frictionlessness (Lightning/Liquid/on-chain) outweigh custody risk, while maintaining cold storage for savings.
— Watch for emerging Liquid federations and stablecoin issuers: as more decentralized custodians launch on Liquid, the network becomes more censorship-resistant and creates opportunities for anonymous or pseudonymous financial infrastructure.
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