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best thing i've heard all week. ,,, any idea who it's by?

they should launch it on Fedimint...

agreed.

one idea would be for exchanges to offer users a choice between 'the fast train' and 'the slow train'.

fast train withdrawals target the next block, and cost the most in terms of fees.

slow train withdrawals can be batched, and target periods of reduced mempool activity, over the span of 24 hours, for example.

beyond that, dynamic fee calculations should be considered, rather than charging all customers a 'worst case scenario' rate.

in this way, withdrawal fees would correlate closely with actual average transaction fees.

even if exchanges wanted to charge an additional 10-20%, to serve as a buffer, to avoid slow withdrawals, in most cases this would still be preferable to the customer, rather than paying full whack, even during times of low mempool activity/low fees.

(An alternative option is to use something like the new Aqua wallet, to withdraw from an exchange over Lightning, and self custody the balance on Liquid. Once the stack reaches a size worthy of cold storage, use an atomic swap to secure it in Bitcoin layer 1 cold storage.)

nostr:note1pxw0cerypf8vl0xv5gcj3jcduhzp4rvzkuy6e5v6r867rfvms3ss4xten6

Replying to Avatar Derek Ross

Aqua from nostr:npub1jan3xfrvxmd35smylytmnp3ne0sgqh2x47yq766s55zaf6eja4rselx52y is now available. It's a custodial Bitcoin, Lightning, and Liquid wallet. Hey nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a will you be adding Lightning address support and NIP-57 Zap support? 🥹

#m=image%2Fjpeg&dim=1080x2340&blurhash=%5B8SPX_DiMx%25L%7EqWBfQj%5B4%3AXTWrRj%7EqW%3Df%2BoL4nxGWAWB%7Eqt6WBRj4nofWBae_3xut7WB0KtRW%3DWB&x=76bf0b07bc82a1e37005b367345752335169b59352606ed5779c8187158ffb28

Aqua offers support for multiple different assets, so what exactly does the backup seed phrase represent? And can it be used to recover those different assets, if access to the app is no longer available?

you might want to trade-mark that....

it struck me there, reading that, that he referred to them as 'the good folk'...

are you in to your folklore?

will have to have a yarn about it in a nest sometime.

Are there any NIPs defining how best to implement user authentication in a third party application, using a nostr keypair in place of traditional user credentials?

Either directly, using the nsec, or by way of browser extension?

#asknostr #development

Who's building a Nostr based alternative to GitHub? and how will they dump liability on an npub?

turns out American Biscuits look a lot like British Scones