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moonsettler
6a3301c4584124c509efa3efeef04dfa4e7413032797fb79d0207689a085f10c
stubborn self-sovereign money maximalist and aspiring cypherpunk. signaling for BIP-119 OP_CTV

i think you can send all ecash offline or out of band, the receiver just can't verify the tokens are not already spent while offline.

there is custodial that is:

- kyc/aml ridden unsafe

- permissioned account system

- orwellian surveillance nightmare

- debased via fractional reserve

- gatekept and metered walled garden

and there is custodial ecash:

- private

- either fungible or programmable

- accountless and individually permissionless

- auditable supply (fingers crossed)

- globally interconnected via ln

both can rug you tho. but it's pretty clear which one is the winner.

maybe. proof of reserves and liabilities adds significant burden to the otherwise sleek protocol. fraud proofs add some more. there is always a tradeoff. but i think it's totally worth it. maybe not for every use case not for very small amounts and services, but for the ones people use as a bank even if just for their monthly spending.

more like this is the way that does not require permission from everyone. the other ways that require consensus changes just keep on not happening.

that said things are very bullish in #cashu land. some of the things we came up with are absolutely #nuts!

Replying to Avatar Alex Gleason

what do you call this: like chaotic good, but you can only enter a number and there is no explanation?

show me on the doll where Mr. Chaum touched you!

possibly true. also checking pow does not pay the relay.

Replying to Avatar Seth For Privacy

Did you know that the Tor Project is close to implementing proof-of-work as a method of DDoS prevention?

https://darkdot.com/articles/tor-ddos-leads-to-proof-of-work/

Their PoW algorithm was built by the same main developer as that of Monero (RandomX) and shares many similarities:

github.com/tevador/equix

Very excited to see this built out as it poses the most promising fix for the ongoing attack against the Tor network. The current (WIP) merge request for PoW support in Tor can be followed here:

https://gitlab.torproject.org/tpo/core/tor/-/merge_requests/702

yeah, kinda expect lightning to steal their thunder. 😎

what we call our body, is an ecosystem. gut flora is probably more important but what lives in your armpits also seem to be.

there is a difference between actual body odor and the bad smells bacteria produces. the difference is enormous and deodorant makes it way worse somehow. not using a deodorant for like 2-3 years now. total game changer.

my solution was that i replaced the sides in the substraction. previously tried to make it work x-only and that sort of worked, but this seems better.

#[0]

may i ask you to take a look at this, and confirm, that R1 and R2 will be different and the proof will fail, because they will actually be -r*G and -r*B'?

it's a mixed bag. it's not hard on an abstract level. but to be emotionally involved with the fate of strangers would be exhausting.