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remyers
276dbf1210c9344548dcf8fc826958e97cfa871f9824e11b60cac04076ab2fb8
unlicensed protocol developer #bitcoin #mesh #eltoo #anyprevout #taproot #bolt12

This marks a new step forward in Lightning UX. No need to generate a new QR code for every payment. No need for payer/receiver to interact.

Phoenix Android (soon iOS) also supports contacts. Send money with a click, and associate payments to your known contacts.

Zaps now accepted directly to my Phoenix android wallet here:

New major release! Phoenix Android/iOS/Server now supports BOLT12:

- reusable, non-expiring payment requests

- contact list (Android for now, iOS soon)

- attach messages to payments

You can now receive payments to a static bolt-12 offer via Phoenix and keep a list of offers in your contact list!

See also bolt12.org

Thanks for getting to the bottom of this nostr:npub1m0n0nautpnk0jntmg89kgjucfwygrsppcpf963um5eqkjehqwess7rd0un

"OKX started a major consolidation operation about 4 hours ago, at a more sensible ~53 sats/vb.

but since then they've been gradually bidding against themselves, until now they're trying to pay 350+ s/vb"

"It's not the first time this has happened"

https://mempool.space/block/00000000000000000004cac9261f0304ecbe1bf19606e8d4668903356b5e2ef8

Can anymore explain why these txs are doing? Seems like they are consolidating 2 of 3 multisig outputs at a crazy high feerate. It makes no sense!

🤪

https://mempool.space/tx/86ce0d00cf25c3f92d79a3a1349e71b681733d78cacceeee36948d22ced3ff3f#flow=&vout=0

I manually fuzz test my code by making lots of implementation errors along the way...

Replying to Avatar econoalchemist

The legal defense fund for Samourai Wallet is now open and accepting donations: https://p2prights.org/

This particular fight is important because the precedent set in this matter will either reinforce the principles that non-custodial wallets are not money transmitters or it will put targets on the backs of all wallet developers.

If you really came here for the freedom tech then get in this fight and show your support. There will not be a second chance to repair the damage done if the DOJ is not stopped here and now.

this blog post also asks that you add as the purpose:

"U.S. v. Rodriguez & Hill (Samourai Wallet)"

https://blog.ronindojo.io/samourai-defense-fund/

Marvel has been on a downward spiral for awhile now. Check out the "Invincible" cartoon series to cleanse your super hero pallet.

Note also that this is typical ninja KYC after they've got their exchange fee and your btc.

Replying to Avatar jb55

content warning: nerdy bitcoin thoughts after a day of btcplusplus.dev

If we had some form of covenants we could have hundreds of L2s instead of just a few that barely work. Covenants are not spooky. They just mean being able to look at information of the transaction in the script that unlocks bitcoin for spending.

Before I didn’t really care about transaction introspection but many smarter bitcoiners are starting to convince me otherwise.

We could have channel factories that would solve many lightning onboarding problems, not to mention replacing the ā€œi steal all your money because you restored from backup wrongā€ to ā€œi just fix the channel stateā€.

It would also enable non-interactive versions of Ark and would open up tons of potentially more efficient L2s that make onboarding onto bitcoin easier and safer.

With op_txhash and other introspection proposals you could do ā€œstackingā€, a way for anyone to take a bunch of transactions and make a more efficient bundle translation to reduce fees, which will be increasingly important when fees get higher. This can be seen as a less hacky way to do sighash flags.

rusty’s great script restoration with a proper op budget has played a huge role in my shift of thinking, things like op_cat can be re-enabled, fixing the concerns which prompted satoshi to disable it at the last minute.

You can bizarrely get introspection from op_cat itself in a super inefficient way, but if we end up fixing script ideally we would just do something smarter like #lnhance

I can’t help but thinking of the future risks to bitcoin in a high fee environment if we don’t have tools to deal with it.

This is all theoretical of course, as engineers all we can do is come up with the best possible solution, ultimately its up to the node runners if they think its worth the opportunity to fix these problems.

Don't write off APO. It's a simple but powerful way to improve Lightning while also enabling covenants without additional soft fork changes.

Bitcoin has forced the banking system to make same day bank-to-bank transfers possible. Would this have even happened if Bitcoin had not shown this was possible in practice for large transfers? Would the banking system have felt compelled to make it possible? I honestly don't think so. Think about that when someone natters on about how governments will somehow stomp out Bitcoin. It's too late.

"On May 3rd, 2024,

@PhoenixWallet

will be removed from US app stores.

Users from the US should empty their wallet:

- Settings > Close channels (Android)

- Settings > Drain wallet (iOS)

We highly recommend *not force-closing* channels, as on-chain fees could be significant."

Aren't dual funded channels / splices essentially payjoin for Lightning?

Reposting from bird site post by Laurent MT. "Here we go again"

"...the defendants, developed, marketed, and operated a cryptocurrency mixing

service known as Samourai Wallet (ā€œā€œSamouraiā€), an unlicensed money transmitting business from

which they earned millions of dollars in fees. Samourai unlawfully combined multiple unique

features to execute anonymous financial transactions valued at over $2 billion in cryptocurrency

for its customers. While offering Samourai as a ā€œprivacyā€ service, the defendants knew that it was

a haven for criminals to engage in large-scale money laundering and sanctions evasion. Indeed,

as the defendants intended and well knew, a substantial portion of the funds that Samourai

processed were criminal proceeds passed through Samourai for purposes of concealment. Indeed,

during the relevant period, Samourai laundered over $100 million dollars of crime proceeds

originating from, among other criminal sources: illegal darkweb markets, such as Silk Road and

Hydra Market; various wire fraud and computer fraud schemes, including a web-server intrusion,

a spear phishing scheme, and schemes to defraud multiple decentralized finance protocols; and

other illegal activities."

https://www.courtlistener.com/docket/68467223/4/united-states-v-rodriguez/

😬 is layer one "ru(i)ned"?

Replying to Avatar Fabricio

Name the Libertarian paradise with these policies:

- privatized 1st class mail delivery

- voucher system for private grade schools

.

.

.

šŸ‡øšŸ‡Ŗ

Exciting to see Bitcore 27.0 includes Topologically Restricted Until Confirmation (TRUC) Transactions policy (aka v3 transaction policy) for test networks!

When TRUC gets adopted on mainnet this will increase the safety of Lightning and other L2s that have to worry about txs getting pinned.

Agree. Really look into Phoenix - it's a cross platform Kotlin multiplatform library battle tested by ACINQ.

By the time you get it integrated they should have bolt-12 working with dns pay names. I assume you could even connect to their LSP if you don't want to run your own, since it's all protocol based.

I like when for-profit companies encourage their devs to spend time reviewing, fixing bugs and shepharding improvements in the open source code that the company relies on.

For long term support of critical infrastructure like Bitcoin, ideally a broad base of the user community would provide enough funding to devs directly.

I think Saylor's point is a bit more nuanced then that.

The TLDR I got out of his interview with Livera was that he does not think we should make protocol upgrades that create controversy among stakeholders (miners) or which might antagonize governments (currency monopoly). This makes sense in the context of someone who simply wants their stack to increase in value and who believes his stack will not be threatened by the state.

The more I come to understand his position the more sympathetic I become, and it seems likely his views will be shared by a growing number of normy tradfi investors as their involvement increases.

I think he's taking a stance that in 2017 people would have applauded: don't change Bitcoin to make your VC funded buisness plan viable.

That said, I think he does not understand Bitcoin at a technical level very well or share the cyberpunk's opposition to state control and surveillance of money.

If Saylor is going to be the official Bitcoin villian for 2024, he's at least a much more nuanced and interesting version than Jihan Wu, Ver or Faketoshi.

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk interview with Saylor in December gets into his belief that Bitcoin should not become a transactional currency that threatens states. Related?

"You Either Die A Hero, Or You Live Long Enough To See Yourself Become The Villain"

https://stephanlivera.com/episode/536/

Interesting project from Moxy Marlinspike to create a user friendly way to recover key material:

https://www.juicebox.xyz/blog

I wonder if this could be used to simplify #nostr apps?

Exciting news from ACINQ team just dropped on bird site, see below:

All the goodness of @PhoenixWallet, available to developers!

- self-custodial, no signup

- lightweight, native binaries

- NO configuration

- fully automated liquidity

- easy http api

https://phoenix.acinq.co/server

#Bitcoin #LightningNetwork

FULLY automated liquidity

Get "infinite inbound" from the largest and most liquid node in the network. No headaches for merchants or other receive-heavy use cases.

Effective receive fee is as low as ~1%

āž”ļø All details here: https://phoenix.acinq.co/server/auto-liquidity

Absolutely NO configuration

no channel management

no peer management

no liquidity management

no firewall configuration

āž”ļø Get started in seconds: https://phoenix.acinq.co/server/get-started

Lightweight & native

phoenixd is compiled to native binaries for linux, mac (x86 & arm) and windows (wsl).

Phoenix was already fast on mobile, but on server it flies!

It's hard to believe EU citizens want their government working on this (or anti-crypto legislation). So who *is* pushing it? and why?