Nostr Web Client

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.

modulo 1y 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?

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Discussion

Cyph3rp9nk 1y 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.