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system engineer @ alpen

What other people are spending their $1.5m of bitcoin on vs my $1.5m of bitcoin

I think Ecash is unfortunately not the way. Mints are easy targets as unlicensed money transmitters

Replying to Avatar HoloKat

What is the ideal flow for buying on a decentralized exchange?

Ideally...

1. I visit a website. I don't need to download anything.

2. I click BUY or SELL

3. I see some options who to buy from and their asking prices

4. I have a clear understanding of how this thing works. Don't just tell me the payment method, but how that transaction looks like after I hit buy.

5. Sort by payment method

6. Guide me through the transaction or better yet, facilitate it automatically.

What does the dream flow look like?

1. Click buy. You are automatically offered the best deal with your preferred payment method (maybe you specified it earlier).

2. You are provided super simple step by step instructions to finish transaction.

Similar for sell side.

The issue I see with decentralized exchanges:

1. Have to download something

2. The whole thing looks way too complex

3. Not clear how it works

Compare to centralized exchange:

1. Click buy. Done.

See the difference?

I think if we are to improve the UX, we have to think grandma level and start from scratch. No trying to improve a complex trading platform, but really think from the basics. What will grandma need to know or click on and how will she feel about it?

You make it work for grandma. You make it work for everyone.

The issue I see with Bisq (I couldn't install it, got corrupt file) is that it looks like a literal stock trading platform. NOT for an average person. I'd say you have to strip it down to 10% basics to make it work for the average person, provided you do everything else well.

> I visit a website

And boom, centralised XD

Yes. Instead of swiping we do gladiator matches

Home meal collection service (not quite Constellation but still pretty fun). Will be going live in the UK soon

Honestly, reading through what DoJ posted on Samourai makes it obvious how they were digging themselves into a hole with some of their marketing. I wonder if it had been any different otherwise? It's probably worth saying that while the investigatory units have probably traced the "illegal" activities into Whirlpool and ricochet, they probably don't know where that money is now thanks to the mixer.

> After users download Samourai, they can store their private keys for any BTC addresses they control inside of the Samourai program. These private keys are not shared with Samourai employees, but Samourai operates a centralized server that, among other things, supervises and facilitates transactions between Samourai users and creates new BTC addresses used during the transactions.

Even though they had no control of the funds, they still were the facilitators of the transactions. This'll be an interesting case.

https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering

Pushing commits before I get out of bed. Live on Sunday (probably Monday lol)

Pretty sure follow lists are limited in size.

I'd say it wasn't. But taproot wasn't just created and supported by the Devs who work on core. Most of these upgrades are proposed by other community members

Follow the money...

Say you had enough funding, someone could technically drill a tunnel between Sweden and Switzerland under Germany by drilling deep enough, further than any public infrastructure. You could then build a high speed underground transport line through the tunnel

I stick to my self proclaimed systems engineer title. I like engineering systems. That’s what I do day in day out

This is why I’ve always found software engineer to be a better description of what we get up to than developer tbh

Happy (and proud) paid member to Kagi nostr:note196vj8pah04rd50s3c0tuf58zh7gv26xr8kptk693s6adwc25uuzsg7szmj

Ferdinando Ametrano puts it well