nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 is amazing. If you haven't tried it yet, you should.
Discussion
It’s been there for a while why now.
And not when it came out to say it’s amazing?
What a weird thing to say. I've applauded them many times in the past, and will applaud them many times in the future.
#[1] You heard it here first, robo-folks:
RoboSats is amazing 🤖⚡🤖⚡
It’s been amazing since it’s creation.
Indeed. But how long are they going to be able to run this before getting targeted by some gov...
It’s highly addictive
Is the anonymity provided because the swap is cross chain?
Trying to understand how using Cashapp preserves privacy…
Anonymity is only possible if you use a truly private payment method. While CashApp is a possible (and popular) payment method on RoboSats, it is not very private and does not guarantee safe trading. My understanding is that CashApp allows you to use an anonymous username handle but there is risk of charge back by your peer. So a more private and irreversible payment method is recommended like gift cards, for example.
RoboSats let's you be as anonymous as you want! Every new trade on RoboSats is a new identity (never re-use the same identity more than once). So the anonymity really comes from the fact that RoboSats requires 0 personal information to make trades and the fiat payment method is done in E2E encrypted chat with only your peer.
So that's why it's recommended to also use a payment method that is private because your peer is the only individual who could "find you out" because of your payment method. To an outside observer (like your fiat rail institution), it would appear you sent a random individual money unrelated to anything bitcoin. Just be sure to not include something like "bitcoin" or "robosats" in the payment comment field haha 😁
Awesome reply. Thank you.
When buying bitcoin through RoboSats how would you rank gift cards, CashApp, ERC20 in terms of privacy?
the downside of #[1] is not the service, but the use of hodl invoices for the bonds which locks the funds for the nodes along the route.
Oops, you mentioned the bond hold invoice. But the same still applies, as the seller's escrow is also a hold invoice too.
it’s not the locking of the sellers nor byers liquidity that is the issue, but more the locking for the nodes routing the payment. and since nodes cannot determine whenever an invoice is a hodl invoice or not there is a bigger chance for force closing to happen.
Ah I see. I agree holding invoices could be done to attack the network, but RoboSats' use of hodl invoices is quite a ways away from being considered "malicious". This concern has actually been discussed at length in the RoboSats public chat/support groups. For a better response (I'm just a social media volunteer and not a dev and don't want to speak incorrectly), it might be best to direct this type of concern to the RoboSats Matrix public dev group chat (https://matrix.to/#/#robosats:matrix.org)
I'm sorry to redirect you 😅 please do spark the conversation on Matrix!
thanks much appreciated!