RHR 333: THE $100K BITCOIN JINX WITH nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx AND nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
https://cdn.satellite.earth/0ec7af85e19dda43e70977f786ae9922e7b426888236c5f1a7678fcf0fe57193.mp4
Great episode! Keep up the great work! Stay humble stack sats
Gold also being held under 20k in China 🙃
Great rip. Funny thing is I searched spillman channels on Perplexity AI it actually referenced the youtube RHR 333 episode.
Moving on up in the world
Marty hasn't zapped today. Love this site! https://hasmartyzapped.today/
GREAT 🎬 🔥
STAY HUMBLE AND STACK SATS🫡
#NOSTR_ONLY #LIVE_FREE
🫡🎙️
ONWARD. 🫡
✨🎧🫡
💜
🫡 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx 🔥 nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 🔥 ✨🎙️
Anybody knows how a backup would work in the ecash/spillman channel based approach to a self-custody LN payment wallet? Seed & descriptor? Channel state? Anything else?
#Asknostr #bitcoin
PS I note nostr:npub1htnhsay5dmq3r72tukdw72pduzfdcja0yylcajuvnc2uklkhxp8qnz3qac hasn't been posting on nostr since 2023 😞
THE CHANNEL JUST SETTLES TO AN ON CHAIN ADDRESS, SIMILAR TO LIGHTNING.
Did you just say anon chain address?
Must've been the all caps.
Let's make that a thing btw.
⚡️
There are a few different ways to do Spillman channels, the way I propose requires holding onto a presigned transaction for unilateral exit. This is only needed if the mint is uncooperative. This is non deterministic so you need to store it alongside your seed. However unlike lightning if you lose it the mint can’t cheat you out of any money by settling a bad state.
You can make the users unilateral exit path deterministic by implementing it as a timelocked script path instead of a timelocked presigned transaction. Then you only need your seed and nothing else to unilaterally exit.
However I like the presigned tx model better since it results in everything being a musig spend.
Hey you are alive on nostr! Thanks.
Maybe more than a seed is not obvious for proper backup, but I could be too old school. Its a spending wallet but people may still risk a salary worth which for my personal taste is nothing to skoff at.
Probably good solutions can exist by wallet implementations to make the backup more easy [at what cost].
Sorry could you spell out why everything being a musig spend would be better?
musig leaks nothing about the contract on chain and is more block space efficient.
Using the script path for unilateral exit leaks the fact you were most likely using a Spillman channel to any observers. It’s also much larger.
Maybe simpler backups are more important to people than privacy and block space. And if that’s the case my proposal also works with the script path variant.
You could also do musig for payments and mint unilateral exit and only script path for user unilateral exit. Maybe that’s the best of both worlds.
Simple stateless backups and minimal onchain footprint in the optimistic best case. Worse privacy and more onchain use on the rare event that the mint disappears.
