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A Bitcoin guy.
Replying to Avatar Ava

**#CakeWallet the only mature wallet out there that I know of that is doing anything rn to further the privacy of Bitcoin transactions with full send, receive, and privacy preserving scanning support for Silent Payments**

**Silent Payments**

Silent Payments (BIP-352) is a protocol for static payment addresses in Bitcoin without on-chain linkability of payments or a need for on-chain notifications.

This protocol protects the receivers privacy by automatically having the sender generate a new Taproot address on chain only the receiver can know is theirs and spend from everytime a transaction is sent to their Silent Payments address.

For a more detailed explanation on how Silent Payments works, please visit https://silentpayments.xyz/

One major difference of Silent Payments is in order to fully protect the privacy of the user and not have the server know which Silent Payments transactions belong to them, we opt for on-device scanning of transactions instead of having a light wallet and making the node do all the work for us. This incurrs greater synchronization time, device power consumption and hardware utilization, but protects the privacy of the user much more.

Silent Payment addresses start with ```sp1```

**Scanning**

In order to enable Silent Payments, tap the switch on the “Silent Payments” card to start scanning blocks for Silent Payments.

The wallet will start scanning from the height of when you first opened it after installing 4.18.0 or higher, or continue where it left off. Silent Payments scanning will automnatically turn off once it has reached the current blockheight. If you would like it to automatically scan for Silent Payment transactions on new blocks, please toggle an option under Menu -> Silent Payments settings -> “Set Silent Payments always scanning” to on. Silent Payments scanning will automatically toggle on if there are new blocks to scan and toggle back off when it’s finished.

**Receiving**

In order to receive a Silent Payment, you must give the sender your Silent Payments address, which can be found by switching the address type to Silent Payments following the instructions at the beginning of this page. When you want to receive the transaction in the wallet, you must enable Silent Payments scanning.

**Sending**

You can send Bitcoin to an existing Silent Payments address (```sp1xxx```) using the same flow. No extra work is required to send to a Silent Payments address, the wallet will handle the unique address generation in the background before sending your transaction.

Learn more here:

https://guides.cakewallet.com/docs/cryptos/bitcoin/#silent-payments

https://silentpayments.xyz/

https://silentpayments.xyz/docs/wallets/

When is cake doing lightning?

This was fun...

Replying to Avatar Rusty Russell

I'm disappointed that nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsztkr48 never got an answer to his question about what Bitcoin looks like to those who can't afford a UTXO.

This is an important question, maybe *the* important question. But it also underscores how much he diverged from his "pleb everyman" origins: this is very much not a newcomer question!

Guess I won't be on WBD to answer it, either!*

*Spoiler: I don't know the answer, but I can describe the possibilities and issues people can (and are!) exploring...

If we can get the cost down on an open dime type product similar to what an 2GB USB costs now (~$5) we can have small change exchanging hands without using the time chain.

YouTube now lets creators appeal partner program suspensions before the action is taken

Quote: "We will allow creators to appeal YPP suspensions for certain policy violations before they take effect"

Source: https://support.google.com/youtube/thread/288348587

Shouldn't allowing for an explanation before demonetizing people and ruining their lives, have been the policy THIS WHOLE TIME?!

“We suddenly decided after decades, to offer a basic reply text box before we starve their family”

I had mine banned 3 or 4 years ago. No human to appeal to. Although I lost all my content, I found that I don't really need YouTube anymore.

Their algorithm is creepy in that sense. I've found that leaving items in your cart for long periods of time can get you a pretty big discount if you wait long enough. However, their algorithm might have realized I'm tight AF so this hasn't happened for a while.

Replying to Avatar rand0mguest2

https://x.com/lopp/status/1818286178556105193 who could have seen this coming? 👀 maybe being public and implying such btc wealth wasn’t so bright

Who got robbed?

Replying to Avatar AmberApp

🔒 Understanding Bitcoin UTXOs: Essential Knowledge for Self-Custodying

The fees are low, and NOW is the time to consolidate UTXOs. If you already know this, go ahead and do it. If not, read on!

2/ What Exactly Is a UTXO?

Wallets hold UTXOs, not Bitcoin. Each UTXO represents the amount of Sats received in a specific transaction and not yet spent. Key facts: Each Bitcoin transaction comprises inputs & outputs. Unspent outputs (UTXOs) are used as inputs for new transactions. New UTXOs are created when transactions leave change.

3/ The UTXO Set

The UTXO set is the total sum of all UTXOs in the Bitcoin network. It’s always changing as UTXOs are created and destroyed with each transaction. Fewer UTXOs make the blockchain lighter and cheaper to run nodes.

4/ Why UTXO Management Matters

Without proper UTXO management, transaction fees can skyrocket. Here’s why: Fees depend on transaction size, not the amount sent. More UTXOs mean bigger transactions and higher fees. As Bitcoin's user base grows, efficient UTXO management becomes crucial to minimize costs.

5/ UTXO Consolidation Explained

Consolidation merges multiple UTXOs into a single one, reducing future transaction fees. However, it has privacy implications: Consolidation links UTXOs, making ownership traceable. Be strategic about timing and privacy.

6/ How Fat Should UTXOs Be?

Balance is key: Spendable UTXOs: Around 1M Sats, ideal for transactions and fees. Savings UTXOs: Can be larger but manage privacy risks.

7/ Understanding Coin Control

Coin control lets users choose which UTXOs to spend, enhancing privacy and strategic management. Wallets like Sparrow, and Electrum support this feature.

Understanding UTXOs is crucial for efficient and cost-effective Bitcoin management. Use these insights to optimize your Bitcoin transactions and maintain privacy. 🌐💡

#DCA #Bitcoin #AmberApp🚀

Not a good idea to consolidate if you value privacy at all.

How so? A conjoin is a collaboration and collaboration is like what communities do. NoKYC is just like a cash purchase right?