Stephan Livera Podcast Revault, Liana, self custody and bitcoin inheritance with Kevin Loaec SLP563
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Apr 12, 2024 Bitcoin security expert Kevin Loaec discusses vaults, self custody, and inheritance scenarios. Topics include using time locks, business use cases, covenant soft forks, utilizing ReVault and Liana products for enhanced security, managing time locks in Liana, exploring multi-signature setups, and debates around covenants and organization security.
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CSV Limits Force Periodic Refresh
- Liana uses relative CSV time locks, not absolute CLTV, and the current maximum is about one year and three months.
- That limit means users must refresh UTXOs periodically to keep inheritance or recovery paths active.
Refresh Yearly To Preserve Locks
- Rotate or spend at least once a year to refresh CSV time locks and avoid losing inheritance protections.
- Accept the yearly on-chain fee as part of secure long-term custody maintenance.
Make Backups Time-Locked By Default
- Storing a backup seed behind a time lock is safer than exposing the primary seed on paper.
- Make the backup seed inactive until needed so physical access to it doesn't enable immediate theft.