138 lines
7.9 KiB
HTML
138 lines
7.9 KiB
HTML
{% extends "base.html" %}
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{% block title %}Risk Disclaimers — Timmy Time{% endblock %}
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{% block content %}
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<div class="legal-page">
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<div class="legal-header">
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<div class="legal-breadcrumb"><a href="/" class="mc-test-link">HOME</a> / LEGAL</div>
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<h1 class="legal-title">// RISK DISCLAIMERS</h1>
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<p class="legal-effective">Effective Date: March 2026 · Last Updated: March 2026</p>
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</div>
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<div class="legal-summary card mc-panel legal-risk-banner">
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<div class="card-header mc-panel-header">// ⚠ READ BEFORE USING LIGHTNING PAYMENTS</div>
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<div class="card-body p-3">
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<p><strong>Timmy Time includes optional Lightning Network payment functionality. This is experimental software. You can lose money. By using payment features, you acknowledge all risks described on this page.</strong></p>
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</div>
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</div>
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<div class="card mc-panel" id="volatility">
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<div class="card-header mc-panel-header">// CRYPTOCURRENCY VOLATILITY RISK</div>
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<div class="card-body p-3">
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<p>Bitcoin and satoshis (the units used in Lightning payments) are highly volatile assets:</p>
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<ul>
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<li>The value of Bitcoin can decrease by 50% or more in a short period</li>
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<li>Satoshi amounts in Lightning channels may be worth significantly less in fiat terms by the time you close channels</li>
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<li>No central bank, government, or institution guarantees the value of Bitcoin</li>
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<li>Past performance of Bitcoin price is not indicative of future results</li>
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<li>You may receive no return on any Bitcoin held in payment channels</li>
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</ul>
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<p class="legal-callout">Only put into Lightning channels what you can afford to lose entirely.</p>
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</div>
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</div>
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<div class="card mc-panel" id="experimental">
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<div class="card-header mc-panel-header">// EXPERIMENTAL TECHNOLOGY RISK</div>
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<div class="card-body p-3">
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<p>The Lightning Network and this software are experimental:</p>
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<ul>
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<li><strong>Software bugs</strong> — Timmy Time is pre-production software. Bugs may cause unintended payment behavior, data loss, or service interruptions</li>
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<li><strong>Protocol risk</strong> — Lightning Network protocols are under active development; implementations may have bugs, including security vulnerabilities</li>
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<li><strong>AI agent actions</strong> — AI agents and automations may take unintended actions. Review all agent-initiated payments before confirming</li>
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<li><strong>No audit</strong> — this software has not been independently security audited</li>
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<li><strong>Dependency risk</strong> — third-party libraries, Ollama, and connected services may have their own vulnerabilities</li>
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</ul>
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<p class="legal-callout">Treat all payment functionality as beta. Do not use for high-value transactions.</p>
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</div>
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</div>
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<div class="card mc-panel" id="lightning-specific">
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<div class="card-header mc-panel-header">// LIGHTNING NETWORK SPECIFIC RISKS</div>
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<div class="card-body p-3">
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<h4 class="legal-subhead">Payment Finality</h4>
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<p>Lightning payments that successfully complete are <strong>irreversible</strong>. There is no chargeback mechanism, no dispute process, and no third party who can reverse a settled payment. Verify all payment details before confirming.</p>
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<h4 class="legal-subhead">Channel Force-Closure Risk</h4>
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<p>Lightning channels can be force-closed under certain conditions:</p>
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<ul>
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<li>If your Lightning node goes offline for an extended period, your counterparty may force-close the channel</li>
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<li>Force-closure requires an on-chain Bitcoin transaction with associated mining fees</li>
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<li>Force-closure locks your funds for a time-lock period (typically 144–2016 blocks)</li>
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<li>During high Bitcoin network congestion, on-chain fees to recover funds may be substantial</li>
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</ul>
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<h4 class="legal-subhead">Routing Failure Risk</h4>
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<p>Lightning payments can fail to route:</p>
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<ul>
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<li>Insufficient liquidity in the payment path means your payment may fail</li>
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<li>Failed payments are not charged, but repeated failures indicate a network or balance issue</li>
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<li>Large payments are harder to route than small ones due to channel capacity constraints</li>
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</ul>
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<h4 class="legal-subhead">Liquidity Risk</h4>
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<ul>
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<li>Inbound and outbound liquidity must be actively managed</li>
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<li>You cannot receive payments if you have no inbound capacity</li>
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<li>You cannot send payments if you have no outbound capacity</li>
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<li>Channel rebalancing has costs (routing fees or on-chain fees)</li>
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</ul>
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<h4 class="legal-subhead">Watchtower Risk</h4>
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<p>Without an active watchtower service, you are vulnerable to channel counterparties broadcasting outdated channel states while your node is offline. This could result in loss of funds.</p>
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</div>
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</div>
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<div class="card mc-panel" id="regulatory">
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<div class="card-header mc-panel-header">// REGULATORY & LEGAL RISK</div>
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<div class="card-body p-3">
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<p>The legal and regulatory status of Lightning Network payments is uncertain:</p>
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<ul>
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<li><strong>Money transmission laws</strong> — in some jurisdictions, routing Lightning payments may constitute unlicensed money transmission. Consult a lawyer before running a routing node</li>
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<li><strong>Tax obligations</strong> — cryptocurrency transactions may be taxable events in your jurisdiction. You are solely responsible for your tax obligations</li>
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<li><strong>Regulatory change</strong> — cryptocurrency regulations are evolving rapidly. Actions that are legal today may become restricted or prohibited</li>
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<li><strong>Sanctions</strong> — you are responsible for ensuring your Lightning payments do not violate applicable sanctions laws</li>
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<li><strong>KYC/AML</strong> — this software does not perform identity verification. You are responsible for your own compliance obligations</li>
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</ul>
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<p class="legal-callout">Consult a qualified legal professional before using Lightning payments for commercial purposes.</p>
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</div>
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</div>
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<div class="card mc-panel" id="no-guarantees">
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<div class="card-header mc-panel-header">// NO GUARANTEED OUTCOMES</div>
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<div class="card-body p-3">
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<p>We make no guarantees about:</p>
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<ul>
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<li>The continuous availability of the Service or any connected node</li>
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<li>The successful routing of any specific payment</li>
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<li>The recovery of funds from a force-closed channel</li>
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<li>The accuracy, completeness, or reliability of AI-generated responses</li>
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<li>The outcome of any automation or agent-initiated action</li>
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<li>The future value of any Bitcoin or satoshis</li>
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<li>Compatibility with future versions of the Lightning Network protocol</li>
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</ul>
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</div>
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</div>
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<div class="card mc-panel" id="acknowledgment">
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<div class="card-header mc-panel-header">// RISK ACKNOWLEDGMENT</div>
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<div class="card-body p-3">
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<p>By using the Lightning payment features of Timmy Time, you acknowledge that:</p>
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<ol>
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<li>You have read and understood all risks described on this page</li>
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<li>You are using the Service voluntarily and at your own risk</li>
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<li>You have conducted your own due diligence</li>
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<li>You will not hold Timmy Time or its operators liable for any losses</li>
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<li>You will comply with all applicable laws and regulations in your jurisdiction</li>
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</ol>
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</div>
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</div>
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<div class="legal-footer-links">
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<a href="/legal/tos" class="mc-test-link">Terms of Service</a>
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<span class="legal-sep">·</span>
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<a href="/legal/privacy" class="mc-test-link">Privacy Policy</a>
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<span class="legal-sep">·</span>
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<a href="/" class="mc-test-link">Home</a>
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</div>
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</div>
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{% endblock %}
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