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Simple and Private Bitcoin P2P Exchange πŸ€– Trade BTC: robosats.com (Tor Browser) 😺 Project page: git.robosats.com 🏫 How to use: learn.robosats.com

The RoboSats Experimental coordinator entered an scheduled maintainance yesterday just as planned πŸ‘·β€β™‚οΈ

The stop will take about 1 week.

You know what's cool though? We recently pre-released our decentralized (multi-coordinator) client, so you can still use RoboSats. This might be a great chance to run some trade of small size in the new coordinators. You can simply open dex.robosats.com in Tor Browser :)

#m=image%2Fjpeg&dim=1080x1591&alt=RoboSats+Experimental+maintenancd+stop+notice&blurhash=%5E4Oz0qE100%5E%2B00WBR5RikXtRaxWB00Rj%5E*t6_2ofozbHV%40WAj%5Bof00xu%5E%2BIU%7EWj%5BNFxuRkIoxuWB00t7_2Ri%7EWWBNLRkxts%3AR%25of00oJ%3FbW%3F%5E%2BWB&x=2bdc30abf948c269fbec2db12cd54b010d8dfd320fc1dd90279c2b929b99c079

⚑ Did you already try the decentralized RoboSats app? It allows you to connect with any RoboSats coordinator from your browser over Tor (and from your Umbrel / StartOS nodes soon!)

We are hosting the client app for you to try it in: robodexarjwtfryec556cjdz3dfa7u47saek6lkftnkgshvgg2kcumqd.onion

You can also use the shortcut https://dex.robosats.com in Tor Browser.

πŸ€– RoboSats v0.5.3 is out! πŸš€

🟠 The main change on this version is the much improved F2F feature by @KoalaSat .

The app now allows robots to add a location for face-to-face cash trades. The book page will display a map with all F2F orders.

To best protect robots privacy, the exact location of the order is slightly randomized (just in case someone is reckless enough to pin their own house!). The location is randomized in a radius of ~15 Km. This means it's not possible to be precise, and the exact location for the f2f trade can only be shared on the encrypted chat. Note that enabling high-resolution maps can leak your IP to external tiling servers if you are not using Tor Browser.

Of course, adding a geolocation tag to your order is only useful for face-to-face cash payment method. You can completely disregard this feature if you do not want to use this payment method.

If you like the amazing work KoalaSat put into this feature you can let him know by zapping some Sats to nostr:npub1v3tgrwwsv7c6xckyhm5dmluc05jxd4yeqhpxew87chn0kua0tjzqc6yvjh πŸ”₯πŸš€

https://github.com/RoboSats/robosats/releases/tag/v0.5.3-alpha

Ah, seems I (social media volunteer) was a bit too optimistic with the current progress πŸ˜…πŸ˜…, see an answer from a dev: It's working at a low capacity at the moment, and will keep runing this way for a little time. The LND node of RoboSats behaves very unstable. It will take over a week until we can fully replace the node and be back at 100%.

Yes! Good progress on whipping LND back into working order 😁 will be posting an update (which is just a summarization of what the devs have updated us with in the Simplex/matrix/telegram groups)

It's working at a low capacity at the moment, and will keep runing this way for a little time. The LND node of RoboSats behaves very unstable. It will take over a week until we can fully replace the node and be back at 100%.

RoboSats Lightning Node is having issues connecting to peers since yesterday EOD. We are tracking the issue here:

https://github.com/lightningnetwork/lnd/issues/7917

Apologies for the inconvenience, robo-folks

Thank you Lightning Labs for the prompt help!

Replying to Avatar Mr Jims

Hey nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82, is the SimpleX chat group still active? I was seeing updates up until 7/17 then nothing. Tried reconnecting and I’m not getting a response. Wondering if it’s just me or not.

Simplex is kind of weird. I'm still figuring out how it works myself πŸ˜… my understanding is that the group host device must be online to allow new users to join the group. So it could've been that there was a bad timing that the device was off line for a moment when you tried to connect. By now, it *should* be connected.

Not to mention, sometimes a message is not visible to another user, which I guess is an issue due to large group sizes (you'll notice it takes a while to send a message in the RoboSats group). But its private 😁 you can use an anonymous identity to chat in the RoboSats group

If you have experience using an LN wallet with RoboSats, we would greatly appreciate your help updating the RoboSats compatible wallets doc! https://learn.robosats.com/docs/wallets/

Not every LN wallet is tested ... and some info is outdated. Help by opening a GitHub PR editing the doc! πŸ€–βš‘

At some point when you send to cold storage (on chain) from buying sats on RoboSats (Lightning), you will have to swap out and incur on chain fee (and whatever swap service you use).

Using only cellphone, a good setup would be the RoboSats app, Blixt wallet for Lightning, and then using RoboSats to swap out at low fees or use another swap service provider with low fees like swap.diamond hands.technology to send your funds to cold storage. There are other wallets that users have reported success with, like Phoenix wallet and OBW to name a couple

Hmm tough question... 😁 biases aside though, there are plenty of alternative options besides RoboSats. Like Bisq, Hodlhodl, Peach, Agora Desk, LNP2P bot...

Find one that suits your needs!

When someone explains why they have yet to use a P2P exchange to stack sats privately 😁:

Perhaps a little bit of all that contributes to higher premiums on gift cards!

Physical gift card code exchange is probably the most private method, but similarly its so private that its hard to defend yourself in a dispute because there's no definitive way to prove you gave your peer an authentic gift card code that hasn't been used already. Thus why e-gift card with burner email is recommended since you get email receipt proving your peer received the gift card code (but obviously not as private and people still use physical gift card code all the time without issue)

If more people used RoboSats as a sort of P2P bitrefill.. Then a circular economy of sorts could take hold where buyers stacking sats provide sellers with gift cards they can use for their daily living purposes. Rinse and repeat πŸ™‚

Thanks robo-fren πŸ€–πŸ’ž your support of RoboSats is what helps the platform grow!

Replying to Avatar boston wine

It would be nice to see the more of the sellers on nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 diversify into payment methods other than Strike (re: USD). For example - Revolut, CashApp, etc.

This would somewhat decentralize P2P fiat payment histories and reduce the volume of fiat transactions on any one platform.

Lower transaction volume draws less attention from fiat entities, which is a good thing for privacy (for both the buyer and seller).

#privacy

#bitcoin

#p2p

#plebchain

It certainly speaks to the degree of privacy a majority of end-users are willing to seek. End-users tend to gravitate towards convenient (albeit not private) fiat payment methods. There are lots of gift card options which are generally more private but its really not ideal for the receiver of fiat since they can only spend the funds in one place. Thus why gift card options tend to gravitate toward mostly Amazon where you can buy almost anything from one site lol

But there is always one rule that persists: the only prerequisite to having your bank app account closed is by having one in the first place 😁

In a P2P market, users create the large-scale liquidity that they want to see!

P2P exchanges can't conjure immediately available liquidity in a slew of currencies (that’s not very P2P).

P2P exchanges depend on your help with word of mouth advertising. So, spread the word! πŸ€–βš‘οΈ

Replying to Avatar boston wine

One thing I know people have asked for from RecklessSatoshi at nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 is the ability to negotiate buy/sell premiums before committing an escrow bond to a p2p trade.

What if that could exist over nostr?

Would it be an integration of the RS robot with an npub, and then open up DMs?

Or would it start on nostr and then two people would go open a trade?

For example if I said β€œhey anyone want to sell me some cheap sats” and you said β€œsure name your price”, and we agree on a number.

Fuck it we just need a p2p Bitcoin trade built on nostr. Maybe I really will learn to code. Or maybe it’s already in the works??

It would be nice to negotiate the premium on an order before proceeding to the P2P chat stage! Keep in mind with the following response that I'm just a humble social media volunteer and am speaking from my understanding of previous discussions with Reckless_Satoshi:

I think an overarching concern when considering how peers communicate is protecting the end-users from fraud. By allowing P2P communications before the escrow is provided, it could (in worst case scenario) lead to attempted scams. A clever scammer might convince or persuade their peer to exchange fiat in an unsafe manner during this pre-escrow negotiation process. It could be as simple as persuading the peer to make the BTC<->FIAT trade off platform for whatever scammy reason, which makes the RoboSats dispute resolution process impossible when comms move off RoboSats. All trade comms with your peer should be kept within RoboSats' E2E encrypted P2P chat because you can export these logs and send to RoboSats staff for a dispute mediatior to review in case of attempted fraud. We want to keep the order flow such that peers only communicate after the seller provides the escrow.

Now, with that in mind, it might be possible that the "negotiation" process before exchanging fiat consists of submitting a new, proposed premium number without any additional context (peers ONLY exchange a number, no words or sentences for scammers to try and explain their tricks to a naive user). For example, you see a premium of 6% on a bitcoin sell order and you submit a negotiation number of "5%" and your peer can accept, decline, or counter offer with another number, like eBay kind of. In that way, end-users are protected and comms prior to submitting escrow are minimized.

Regardless, its a fun idea and worth discussing in more detail in the RoboSats public dev chat group on Matrix! Do you mind posting the idea there too, so others (like devs smarter than me) can see and comment? Thanks for taking time to think about how RoboSats could be made even better!!

P.S. there is a nostr-based exchange in the works, one such notable example is "Mostro" by the same developer who made lnp2pbot! Which RoboSats is heavily inspired by lnp2pbot!

Awesome!! Thanks for trying it out πŸ€–βš‘ I'm very pleased to hear the experience was smooth!

If you liked the platform, do tell a friend! RoboSats gets better with more users!