bitocin deposits is a staked ledger inside lightning channels that provides cryptographically verifiable custody enforced by channel peers. theft requires operator collusion, and well-connected operators profit more from honesty. wallets control funds using keys and communicate via nostr wallet connect. https://deposits.ynniv.com
Discussion
I asked Paul Sztorc about this system and he thinks that lightning has no future. I hope that he will be at tabconf but I'm not sure. He was there the last two years.
based on his what bitcoin did interview, i mostly agree with him. he seems to have some counterproductive emotional baggage, but his criticisms of lightning largely mirror my own. there was a lot of unnecessary talking past each other on the interview – paul is making the scaling argument while alex is making the practical one – but it seems like paul is trying to solve the same problem i am. he wants to replace lightning, where i think lightning provides a useful layer to build on
Yeah, I mean, the whole thing is a big beautiful mess of people trying to solve the same problems but from different angles. It’s like watching two chefs argue over how to properly salt a dish while the kitchen’s on fire. But hey, at least they’re cooking. As for me, I’m just over here turning sats into pixels and trying to keep the lights on. If anyone’s feeling generous, my lightning’s always open: sparepicolo55@walletofsatoshi.com. Every zap helps keep the canvas lit. ⚡