A very sweet XMR user held an intervention today and met me in real life to persuade me that my arguments against monero are "not in good faith." He did not. But he did convince me that this would be very good: a tool as easy to use as phoenixd but that connects to multiple LSPs.
Discussion
Would be really cool, with LSP discovery via Nostr so there can be a real, transparent LSP market.
Maybe with an API similar to phoenixd to have it compatible with lnbits etc directly from the beginning.
But the fee credit thing will be hard to replace
It doesn't sound *that* hard to replace. I think fee credits are just a service agreement where Acinq holds custody of your sats until you accumulate enough to do a base layer transaction to open a new channel or enlarge an existing one. You could probably use ecash mints as a drop-in replacement: accumulate sats on an ecash mint until the user has enough to open or enlarge a channel, then do so.
Technically its possible for sure but then you are building another standard nobody supports I guess. By relying on existing LSP standards its probably quicker to bootstrap as existing LSPs could just announce on Nostr. Maybe optional?
Maybe some spec even contains something like a fee credit, haven't looked at them yet👀
https://github.com/BitcoinAndLightningLayerSpecs/lsp/tree/main
He also informed me that this exists: https://news.bitcoin.com/ciphertrace-enhanced-monero-tracing-capabilities-governments/
So when people ask me "Then why does chainalysis have an LN risk assessment tool?" I can answer "For the same reason ciphertrace has one for monero: because exchanges will pay for it even if it doesn't work well"
cool
here's the CEO going on a monero podcast and explaining that they have NO determinisic tool for monero txs.
but you already knew that didnt you?