Nostr Web Client

Cyph3rp9nk 11mo ago

Robosats, decentralized and anonymous Bitcoin exchange.

I will try to make a brief summary of why Robosats.

- This year the Mica regulation has been introduced in the European Union and the global travel rule, Bitcoin on- and off-ramps are being controlled through KYC. If your government knows that you have Bitcoin I assure you that you will end up paying some tax that they will invent.

- It is decentralized, it currently has 4 coordinators.

- It is anonymous, runs behind tor, and is focused on privacy, it does not collect any buyer and seller information.

- Easy to use

- It runs on Lightning.

Advantages over bisq:

- Easier to use, faster since it runs over lightning and does not require any heavy app like bisq, just the tor browser.

Advantages over lnp2pbot:

- More anonymous and decentralized, since lnp2pbot depends on Telegram which is not exactly anonymous and decentralized.

Advantages over HodlHodl:

-HodlHodl is a centralized service that collects buyer and seller information.

Here you have the statistics of the last day, as you can see it has a more than acceptable premium of 2% for buying Bitcoin without KYC.

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Discussion

Cyph3rp9nk 11mo ago

https://learn.robosats.com/docs/quick-start/

nostr:nevent1qvzqqqqqqypzpl8hpfzul2qha25p8wd63gm46ufax95lfgnl8h9v84y3zt0k05m7qyfhwumn8ghj7ur4wfcxcetsv9njuetn9uqsuamnwvaz7tmwdaejumr0dshsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7qpq0l4hq76rlrt9qmv04r7anxclqlsgw24gxmkg3gkwuz2j6nyzt76spt404c

Cyph3rp9nk 11mo ago

Anyone who needs help on Robosats or privacy methods will get help for free, I have never charged for helping the sovereign expansion of Bitcoin.

My job has always been to fuck with the system.

nostr:nevent1qvzqqqqqqypzpl8hpfzul2qha25p8wd63gm46ufax95lfgnl8h9v84y3zt0k05m7qyfhwumn8ghj7ur4wfcxcetsv9njuetn9uqsuamnwvaz7tmwdaejumr0dshsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7qpq0l4hq76rlrt9qmv04r7anxclqlsgw24gxmkg3gkwuz2j6nyzt76spt404c

/dev/fd0 11mo ago

How does 4 coordinators make it decentralized?

Cyph3rp9nk 11mo ago

It is not a censorship resistant p2p system, but until recently we only had one coordinator, now we have at least 4, it is not very different from the decentralization that Nostr can offer with relays, in this sense it is better Bisq.

/dev/fd0 11mo ago

Nostr is used for events or messages as JSON. It's different from using a coordinator to trade. Even noones.com has multiple moderators but that doesn't make it decentralized.

Cyph3rp9nk 11mo ago

The aim of robosats is that if a coordinator goes down, the service will continue to function.

The coordinators are not related to each other either.

The orders are created randomly in the different coordinators (unless you choose it).

For that reason I think the architecture is quite similar to Nostr and relays.

Over the Moon 11mo ago

The RoboSats orderbook lives on nostr

/dev/fd0 11mo ago

Can I use it without a coordinator?

Over the Moon 11mo ago

No, the coordinator is still needed to lock bonds and escrows

Over the Moon 11mo ago

What it solves is not dependence on the coordinator model but rather the global market liquidity overview. Orderbooks can be made interoprable as is already the case for lnp2pbot. This helps prevent users from being screwed by closed platforms like peach where they pay 2% trade fees + high premium because they have no knowledge of global liquidity

Pinball Wizard 11mo ago

lnp2pbot will evolve into mostro.network

Margaret 11mo ago

I want to try Robosats. I've got KYC cash on Strike. Installed Zeus to receive lightning sats. Question is: how is the KYC broken when it moves out of Strike into Robosats? And if there are regular withdrawals from Strike to these random lighting addresses (Robosats) how will that not be deemed as purchases and spends that can be taxed?

Cyph3rp9nk 11mo ago

I don't know how Strike works, but if Strike is Bitcoin with KYC, don't use it.

Margaret 11mo ago

It's where I started on lightning, but want to stop. On Robosats its my only option to buy. What other options to buy are recommended?

Cyph3rp9nk 11mo ago

To buy without kyc, these are my favorites.

- Robosats (Lightning)

- Bisq (Onchain)

- lnp2pbot (Lightning)

Jordan S 11mo ago

kycnot.me

Marcelinho 11mo ago

but which is a good payment method? don't want recommend IBAN or revolut

Margaret 11mo ago

Exactly what I would like to know. Revolut is similar to Strike in that your ID is tied to your fiat. So how does buying on Robosats obfuscate the KYC trail?

2af1a494... 11mo ago

where do I find lnp2pbot? thx

Cyph3rp9nk 11mo ago

https://lnp2pbot.com/

Antonidus 11mo ago

I recommend nostr:nprofile1qqs2gazhwghppw36yu0muuzqykdrcndzeafml50pnqfcy9xjx5rylssppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgmwaehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wchsg3ewyk as well. Onchain only for now. Not working in the US.

https://peachbitcoin.com/nl/referral?code=PRA13E

you can send fiat on strike to another strike user and they send you kyc free Bitcoin

that user knows what you bought and they know your strike user name. strike knows you sent fiat to another user but can't be 100% certain on why

The Continental 11mo ago

With the recent addition of Bitcoin Veneto, The Continental node is now directly connected to all 4 existing coordinators with channels of at least 5M, most with 0 fees (except TempleOfSats).

If you're a frequent user of #RoboSats opening a private channel to The Continental will allow you to trade on all 4 coordinators just one hop away. Just saying 😉

The Bullish ₿itcoiner 11mo ago

Can you explain how it’s private when for example Strike is used as a payment method? Is it simply because the exchange doesn’t know what the payment is for?

Cyph3rp9nk 11mo ago

I don't know strike, but except for the person you buy bitcoin from, no one knows what that payment from Fiat was for.

The Bullish ₿itcoiner 11mo ago

That makes sense. I actually didn’t think about the person you buy the bitcoin from. So if a fiat payment is used, is there any personal information shared with the other party (e.g. first and last name)?

Cyph3rp9nk 11mo ago

Correct, depending on the payment method some information is shared with the seller and vice versa but this is preferable to a centralized database where all your movements are so that they can be stolen or used by the government.

The Bullish ₿itcoiner 11mo ago

For sure. Thanks for taking the time. 🤙

Kenshin 🥷 11mo ago

Is it really preferable for a random person to knowy our full name when we transact? I have looked into all of them but never used P2P for that very reason. Here in Sweden the moment you know my real name you instantly find where I live and many other details... It's easy for a bad actor to lurk around these p2p platforms, especially in countries like Sweden that you Google a person's name and you instantly get 20 different websites with address, birthday, cars, social security number etc...

Cyph3rp9nk 11mo ago

That risk is up to you to assess. I would rather have a random user have the data of a small transaction than not the government know all the data of my transactions and force you to pay taxes, but I don't live in Sweden.

On the other hand it is also about buying and selling without permission.

Kenshin 🥷 11mo ago

I would love to be able to do that. It has happened multiple times for bitcoiners to be attacked at their home here in Sweden , so small or big transactions you are telling some random person that you hold bitcoin...

0

p2p

Deleted Account 11mo ago

The stats for a lot better on robosats, and the premium (2,17%) is really god for non-KYC #Bitcoin.

Which is the best secure keyboard?

Cyph3rp9nk 11mo ago

The one you don't use 😂 .

FreedomTech 11mo ago

As on a FOSS keyboard?

Florisboard

OpenBoard

FUTO Keyboard (open source, locked to a proprietary license)

FUTO is my favorite because it comes with swype, spell check, and local on device sperch-to-text.

You can use FUTO's "Voice Input" speech-to-text with Florisboard.

I use it here 🤙

FloBolassi 11mo ago

How does it compare to nostr:npub15369wu3wzzar5fclhecyqfv683x69n6nhlg7rxqnsg2dydgxflpq3apswl?

Cyph3rp9nk 11mo ago

I do not know how peachbitcoin works

goatmeal 11mo ago

robosats doesn't support cash in mail. this is the only form of payment that doesn't actually require KYC end-to-end and if you want to do it you still have to use bisq/haveno

Cyph3rp9nk 11mo ago

It does support it.

Cyph3rp9nk 11mo ago

In fact, it supports any payment method.

Cyph3rp9nk 11mo ago

Sorry I understood email, you are right, it does not support this method because of the blocking times.

Kevin's Bacon 11mo ago

Plus you can easily run your own instance of it like bisq if you wish.

nostr:nevent1qqs8l6ms0dpl34jsdk863lwenv0s0cy8925rdmyg5t8wp9fdfjp9ldgpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyr70wzj9e75p064gzwum4z3ht4cn6vtf7j3870w2c02fzyklvlfhuqcyqqqqqqgvepna6

modulo 11mo ago

Thanks for the post. Coordinators are the Achilles heel and #bisq doesn’t have coordinators if I remember correctly. Or maybe every participant is a coordinator?

Cyph3rp9nk 11mo ago

Indeed bisq does not have coordinators but its use is more complex for novices and it does not support Lightning in its protocol with scrow.

My two favorites are Robosats and Bisq but it is difficult for me to recommend Bisq to newbies.

ede3d957... 11mo ago

What's the benefit over RetoSwap?

Yadunandan Batchu 11mo ago

Is this functional in India?

Cyph3rp9nk 11mo ago

Yes, it works with any payment method from any country, including altcoins or stable currencies, you just have to add it and find another participant that accepts it.

vinney...axkl 11mo ago

Someone I know recently posted a buy offer on RoboSats with 3% over market and it didn't get picked up and now they said they're sad

Cyph3rp9nk 11mo ago

At 3% they are taken pretty quickly, I usually put them below the premium paid in the last 24 hours.