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Rusty Russell 3mo ago

I strongly suspect that the bitcoin experience, even for veterans, will be quite different in ten years.

BIP 353 brings names: ACINQ have a spec for supporting contact lists too. I expect vanity addresses to follow as providers get onboard.

Silent payment addresses should replace all other on-chain addresses, especially deposit to exchanges. Though you'll probably just send to e.g. @client.river.com (will this allow probing of account names? Will they use random ones instead? Or accept anything and if they get typo payments sort it out in customer service?)

And BOLT12 provides reusable lightning addresses, which provide the off-chain analog of silent payments. Doesn't matter to you if the recipient is using some weird layer 2, either. BIP 353 returns both this and a silent payment address, so the sender wallet chooses.

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Bitcoin India 3mo ago

We’re heading toward a world where sending bitcoin is just “pay [name]”.... no more explaining address types, worrying wht the recipient supports, or leaking metadata. The only question is: Who’s ready for the upgrade? 😝😝

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Osiris 3mo ago

The tools are maturing, but the principles remain: privacy, freedom, and peer to peer money. ⚡🧡

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Marc Kat 3mo ago

This BIP 353 idea is great. Too many people still use a single vanity address(I saw one with over a billion sats yesterday) for donations .

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Brisket 3mo ago

That's awesome Rusty!

That's going to be a massive level up in Bitcoin's functionality.

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High Heel King 3mo ago

100% agree, BIP 353 is a game changer for Bitcoin UX that not enough people are aware of yet. Very confident it will be the standard soonish. We need more UX BIPs like this.

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Joe Stauffacher 3mo ago

How do you explain it to others?

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BITKARROT 3mo ago

🎯

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euclid 3mo ago

Honestly the potential is really exciting 😃

I hope there aren't too many footguns along the way. I'm worried about all of the different options being confusing to end users ...

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Joe Stauffacher 3mo ago

As a user I’m wondering how this is simplified to explain it…

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Rusty Russell 3mo ago

If you trust the web site is real, you can trust that ₿user@website will get payments to them. If you trust their email, you can trust that ₿emailaddress will get to them.