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This is a value for value post: see the explanation in the footer.
Do I Do It or do I write about it?
I can't delve into all the details now, as I need to create a video, but here are the highlights:
I've published a significant update to v4v.app. You might need to close all open browser windows and close the app if you've installed it on your phone (I haven't mastered the prompt for updating to a new version yet)... But if you do that, you should notice something new right on the front page.
First up all the magic happens when you log in with Hive Keychain or HAS and Hive Keychain. The login is in the top right corner and a slide out tray. HAS works on mobile, it shows you a QR, you can tap it on your device and Hive Keychain app should open and let you confirm you have your posting key.
KeepSats Balance.
On the right side of the card you can see 60,817 シ (which is the little symbol I use for Sats). I call that your "KeepSats" balance. That's new! That's sats I'm keeping for you on V4V. This means you have to trust me and my service but there's a reason for doing this.
Below that you can see your Hive and HBD balances. If you click on the little pig you'll see savings as well.
Deposit
How did those Sats get there you ask? Well that would be the Deposit tab.
You can put Lightning Sats direct into your V4V KeepSats balance. That QR code and the lightning address:
will receive sats and they will be kept on @v4vapp. The old address of brianoflondon@v4v.app and brianoflondon@hbd.v4v.app will still auto-convert to Hive and HBD.
Next to that are HBD and Hive buttons, if you select those the app will help you send Hive or HBD to convert to Sats.
Fees
Just a quick word about FEES. I only charge when converting from Hive/HBD to Sats or the other way. The fee is still a 1.5% but I've dropped the flat fee per transaction from 150 to 50 sats.
Convert
This is where you can take those sats and put them back in Hive/HBD. Again this will incur the fee.
History
Here you can see two tables. On the left are your transactions converting Hive/HBD direct to Lightning or the other way around.
The right is KeepSats transactions.
I have a lot more work to do on this but it's functional so I'm putting it out there!
Pay with Sats
The last piece of the new puzzle is that if you have Sats in your KeepSats balance, you can use those to pay any Lightning invoice. You'll see a button "Pay 7,986 from 60,817" and that will use your KeepSats to pay Lightning.
So if you receive sats and keep them as sats you can use them without fees (just tiny amounts charged for sending notifications). I am still using Hive for the notification because I want everything recorded on chain.
Too Much?
Wow, information overload! I'll try to do a video, I know this is quite a lot of new functionality to drop at once.
But just so you understand, the @vsc.network is a target integration for later as is being able to stream sats to your favorite video and podcast content creators via the @threespeak app. It's all made possible by KeepSats!
Easter Egg
Click the credit card.
Value for Value
For the last few months while building @v4vapp I was generously supported by the DHF. Going forward I have a much more modest support which covers direct server costs and a little of my time.
If you appreciate the work I do on and around Hive, you can express this directly: upvoting posts on Hive is great. Also consider a direct donation (there's a Tip button on Hive or a Lightning Address) on all my posts.
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