Exchanges in the US are already co-opted and their over eager KYC allows the USG to track coins that originate domestically and a weapon against self custodial uses of coins from exchanges.

I think this is also is a way to bully offshore banks to not work with local Bitcoin exchanges. The complexity of if a tx does or does not fall afoul of these proposed rules will not be worth the risk of losing access to the US banking system.

I still don't think most government regulators realize the peril the state (and their job) is in. These regulations are just the start of them waking up.

I also like their ChatBTC bot. I had a question about nonces related to the new simple taproot channels BLIP and how it might intereact with splicing. I think the answer was good and the fact that it also gives you references to verify the summary is fantastic.

https://chat.bitcoinsearch.xyz/?author=holocat&question=why%2520can%27t%2520you%2520reuse%2520a%2520nonce%2520with%2520musig2

from Jonas:

"Introducing TLDR; summarized posts from the bitcoin-dev and lightning-dev mailing lists.

TDLR exists to make it easier to engage with high signal technical bitcoin and lightning discussions."

https://tldr.bitcoinsearch.xyz/

Some big news for taprooty PSBTs!

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/021988.html

Hi All,

I've written up a BIP draft for MuSig2 PSBT fields. It can be viewed at

https://github.com/achow101/bips/blob/musig2-psbt/bip-musig2-psbt.mediawiki.

This is based on this gist from Sanket:

https://gist.github.com/sanket1729/4b525c6049f4d9e034d27368c49f28a6.

There are a few notable differences:

- The participant pubkeys field is keyed by only the aggregate xonly key

- Participant pubkeys are compressed pubkeys rather than xonly.

Andrew

I have heard people mention the possibility of combining splices and conjoins. With taproot you could increase your channel privacy onchain if some of the inputs and outputs to the splice were not controlled by your wallet or LSP.

If those coinjoin inputs paid some of the common tx fees for the splice it would even be economically beneficial for the channel parties to facilitate it.

Do you think there could be some useful mashup between LSPs and joinmarkets via splices?

Splices are back on the menu! upgrade now to take advantage of low tx fees to consolidate your channels. #phoenixwallet

nostr:nevent1qqs9wzlfjl74j3xacpyemm0l0qc2366z00gz6dfmrxv6ljj67m0v7yqpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c3309skkmfh09ehxetexeuny6ncw4k8ydm80ymrycmp8ymnqdrsvdkxuut2waa8smt3v468z7t3vy68gwfhw4cnjanjx4sk50mzwfhkzerrv9ehg0t5wf6k2973hjc

Plancks principle: "Science progresses one funeral at a time" but for politics.

Excited to see Carl Dong's development of a new kind of VPN: https://obscuravpn.io

Current president elect is the son of the last democraticly elected government before the CIA led coup in 1954. Interesting history and makes you wonder about the naming of the DC airport:

https://en.wikipedia.org/wiki/1954_Guatemalan_coup_d%27%C3%A9tat

Illuminati is a classic board game from Steve Jackson Games, highly recommend.

The hope is that real estate will become demonetized in a future where Bitcoin is seen as a better way to protect long term savings.

Removing the monetary premium from real estate should reduce prices down to more reasonable historical multiples.

My dad, a self proclaimed "child of the depression", always kept a folded $100 bill tucked inside his wallet, behind the credit card slots. Just in case of an emergency. Today he would need to up that to at least $200.

I wonder now how much of the low-fat push in the 80s was a form of shrinkflation during an inflationary period. My whole life we drank skimmed but recently I started buying 3% and 6% plain yogurt.

I can't even find whole milk where I'm at, though cooking cream is a reasonable substitute for some recipes.

I think you're right, they thought they could explain the Spotify income as legit earnings from their gangster rap, but not the Bitcoin.

Financial privacy doesn't exist at banks so you need to have a good story about what you earn.

"Describing the process, he said the gangs would convert their dirty cash to bitcoin, then used the cryptocurrency to pay people who sold fake streams on Spotify, which is a Swedish company."

https://www.thelocal.se/20230906/how-swedish-criminal-gangs-allegedly-launder-money-through-spotify

I want to know more about how these gangs converted their dirty cash to bitcoin in Sweden, and why the Spotify step was needed at all. Seems like a cumbersome mechanism.

You'll be disappointed...

You were also paying 1% to add inbound liquidity - this is strictly better as inbound only costs fixed on chain fees now.

Their fee structure mirrors the actual cost structure better now.

Key for Acinq to deliver better privacy is more people running trampoline nodes. That way Acinq loses visibility on the payment destination.

Right now their focus is the user experience, but there is a path to privacy. Blinded paths is also an important part of privacy for all LSPs.

Splice on Phoenix out of beta!

Missed opportunity to write "Who is Satoshi Nakamoto?"

So did they pick the name because of their technical architecture of one-way relays (simplex instead of duplex)? or the viral nature of the said named socially transmitted virus as an analogy for how people share their links to the app?

What are the pros and cons of nostr:npub1exv22uulqnmlluszc4yk92jhs2e5ajcs6mu3t00a6avzjcalj9csm7d828 compared to Matrix/Elements for secure chat?

Exciting news from ACINQ!

"Introducing the new Phoenix, a 3rd generation self-custodial Lightning wallet.

Splicing changes the game: single dynamic channel, no more 1% fee on inbound liquidity, better predictability and control, trustless swaps."

https://acinq.co/blog/phoenix-splicing-update

#Bitcoin #LightningNetwork