Episode notes
Adam Soltys is a Canadian bitcoiner, best known for his work on Raretoshi – a marketplace for Liquid network NFTs. Cole is a marketer who likes the Lightning network. Together, they built Coinos: a custodial & newbie-friendly Lightning wallet.
Time stamps:
00:00:00 - Intro: Coinos as custodial newbie Lightning wallet; Adam Soltys and Cole
00:01:33 - Guest intros: Adam (engineer, Raretoshi/Liquid), Cole (business); Coinos spelling
00:03:08 - Product vision: web wallet, no app store, Lightning + Liquid, fiat display, silent swaps
00:04:44 - Lightning addresses, username transfers, profile URLs, beginner UX
00:06:19 - Merchant features: tips, fiat-at-sale history, taxes, coinos.io/map
00:07:54 - Circular economy pitch; Vlad fails to register as Vlad; dice usernames
00:09:29 - Avatars from Raretoshi artist Alex; Wasabi mega CoinJoin sponsor read
00:11:02 - Live signup as mule60; Romania RON default; tip sats arrive
00:12:36 - Nostr pubkey per account; Alby import plans; ledger and price display
00:14:12 - Taxes CSV / Excel export; threat model and business model questions
00:15:46 - Vs Wallet of Satoshi; PWA install; Liquid and POS focus; open source self-host
00:17:24 - Adam as custodian risk; Bitcoin since 2011; Canadian MSB license; spending wallet
00:19:01 - Auto-withdraw to cold storage / external Lightning or Liquid
00:20:37 - Shopify Bitcoin checkout; their Coinos merch Shopify demo store
00:22:11 - US regulation; Wallet of Satoshi exit; wait-for-a-letter strategy
00:23:44 - Open sourcing as insurance; do not want to custody huge balances
00:25:19 - Past hot-wallet bug drains; organic growth; who is Coinos for?
00:26:55 - "For everyone"; Satochip sponsor; LNBits comparison
00:28:29 - Cole on merchants: Vancouver, Miami rentals, 400 worldwide, 0.1% fee
00:30:03 - Free marketing, meetups, no setup fees vs Visa/Clover costs
00:31:40 - Two-headed company tension; live Phoenix withdrawal verification
00:33:16 - Routing hiccup, then success; verify non-custodial receive
00:34:52 - Joke ban on other wallets; how Coinos makes money (not yet)
00:36:27 - Labor of love; possible future cosmetics monetization; Lightning node ops
00:38:04 - Three nodes (2 CLN, 1 LND); channels to big peers; PeerSwap intro
00:39:39 - Daily liquidity babysitting across on-chain, Lightning, Liquid
00:41:17 - Automation hopes; Blockstream vs Lightning Labs neutrality joke
00:42:50 - Public node verification; ~0.88 BTC node; clearnet via VPS proxy
00:44:23 - ln.coinos.io ~8.9 BTC CLN capacity; PeerSwap communities
00:45:57 - Cryptosteel sponsor; Cole on large Lightning payments and motorcycle/car rentals
00:49:03 - On-chain / Liquid fallbacks; Liquid waves, Raretoshi, Adam Back NFT FUD
00:50:37 - Liquid as middle ground; federation redundancy vs single custodian
00:52:12 - Elements as Bitcoin sandbox; SegWit rehearsal history
00:53:46 - What Liquid needs for constant usage; bull-market fees; cold-store L-BTC
00:55:24 - How Coinos swaps work; own Liquid liquidity; lost peg key confession
00:56:57 - Sideswap, Boltz, and Liquid DEX / AMM hopes
00:58:30 - Map tour begins: Vancouver pins and OpenStreetMap tagging
01:00:03 - Minnesota, Detroit area, Tampa, El Salvador, Brazil; thin Argentina
01:01:37 - Mexico pins; BTC Map as the wider merchant atlas
01:03:13 - Vancouver community spend culture vs pure HODL
01:04:46 - Circular economy vs card processors; IVPN sponsor
01:06:28 - Pet rock critique; Michael Saylor never-spend culture
01:08:03 - Adam on utility, merchant savings, Bitcoin standard virtuous cycle
01:09:36 - Soft close: adopt Bitcoin even if not Coinos; merchant UX focus
01:11:11 - Coinos receipt printers as staff-friendly POS
01:12:46 - Cole's final pitch: 400 businesses, fees, auto-withdraw, 30-second signup
01:14:20 - Where to find them: coinos.io link tree, Telegram, adam@coinos.io
01:15:53 - Outro: pride in merchant adoption; maybe revisit at 5,000 shops
Time stamps:
00:00:00 - Intro: Coinos as custodial newbie Lightning wallet; Adam Soltys and Cole
00:01:33 - Guest intros: Adam (engineer, Raretoshi/Liquid), Cole (business); Coinos spelling
00:03:08 - Product vision: web wallet, no app store, Lightning + Liquid, fiat display, silent swaps
00:04:44 - Lightning addresses, username transfers, profile URLs, beginner UX
00:06:19 - Merchant features: tips, fiat-at-sale history, taxes, coinos.io/map
00:07:54 - Circular economy pitch; Vlad fails to register as Vlad; dice usernames
00:09:29 - Avatars from Raretoshi artist Alex; Wasabi mega CoinJoin sponsor read
00:11:02 - Live signup as mule60; Romania RON default; tip sats arrive
00:12:36 - Nostr pubkey per account; Alby import plans; ledger and price display
00:14:12 - Taxes CSV / Excel export; threat model and business model questions
00:15:46 - Vs Wallet of Satoshi; PWA install; Liquid and POS focus; open source self-host
00:17:24 - Adam as custodian risk; Bitcoin since 2011; Canadian MSB license; spending wallet
00:19:01 - Auto-withdraw to cold storage / external Lightning or Liquid
00:20:37 - Shopify Bitcoin checkout; their Coinos merch Shopify demo store
00:22:11 - US regulation; Wallet of Satoshi exit; wait-for-a-letter strategy
00:23:44 - Open sourcing as insurance; do not want to custody huge balances
00:25:19 - Past hot-wallet bug drains; organic growth; who is Coinos for?
00:26:55 - "For everyone"; Satochip sponsor; LNBits comparison
00:28:29 - Cole on merchants: Vancouver, Miami rentals, 400 worldwide, 0.1% fee
00:30:03 - Free marketing, meetups, no setup fees vs Visa/Clover costs
00:31:40 - Two-headed company tension; live Phoenix withdrawal verification
00:33:16 - Routing hiccup, then success; verify non-custodial receive
00:34:52 - Joke ban on other wallets; how Coinos makes money (not yet)
00:36:27 - Labor of love; possible future cosmetics monetization; Lightning node ops
00:38:04 - Three nodes (2 CLN, 1 LND); channels to big peers; PeerSwap intro
00:39:39 - Daily liquidity babysitting across on-chain, Lightning, Liquid
00:41:17 - Automation hopes; Blockstream vs Lightning Labs neutrality joke
00:42:50 - Public node verification; ~0.88 BTC node; clearnet via VPS proxy
00:44:23 - ln.coinos.io ~8.9 BTC CLN capacity; PeerSwap communities
00:45:57 - Cryptosteel sponsor; Cole on large Lightning payments and motorcycle/car rentals
00:49:03 - On-chain / Liquid fallbacks; Liquid waves, Raretoshi, Adam Back NFT FUD
00:50:37 - Liquid as middle ground; federation redundancy vs single custodian
00:52:12 - Elements as Bitcoin sandbox; SegWit rehearsal history
00:53:46 - What Liquid needs for constant usage; bull-market fees; cold-store L-BTC
00:55:24 - How Coinos swaps work; own Liquid liquidity; lost peg key confession
00:56:57 - Sideswap, Boltz, and Liquid DEX / AMM hopes
00:58:30 - Map tour begins: Vancouver pins and OpenStreetMap tagging
01:00:03 - Minnesota, Detroit area, Tampa, El Salvador, Brazil; thin Argentina
01:01:37 - Mexico pins; BTC Map as the wider merchant atlas
01:03:13 - Vancouver community spend culture vs pure HODL
01:04:46 - Circular economy vs card processors; IVPN sponsor
01:06:28 - Pet rock critique; Michael Saylor never-spend culture
01:08:03 - Adam on utility, merchant savings, Bitcoin standard virtuous cycle
01:09:36 - Soft close: adopt Bitcoin even if not Coinos; merchant UX focus
01:11:11 - Coinos receipt printers as staff-friendly POS
01:12:46 - Cole's final pitch: 400 businesses, fees, auto-withdraw, 30-second signup
01:14:20 - Where to find them: coinos.io link tree, Telegram, adam@coinos.io
01:15:53 - Outro: pride in merchant adoption; maybe revisit at 5,000 shops
