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100% alpha and stack sats. Shrinkflation-proof. Never KYC. Peace.
Replying to Avatar Bitcoin Optech

Bitcoin Optech newsletter #329 is here:

- summarizes a new offchain payment resolution protocol

- links to papers about potential IP-layer tracking and censorship of LN payments

- BTCPay Server security fixes

- adds an LN-Penalty topic

- adds a Timeout trees topic

- Optech Newsletter #329 Recap on Twitter Spaces

https://bitcoinops.org/en/newsletters/2024/11/15/

John Law posted to Delving Bitcoin the description of a micropayment protocol that requires both participants to contribute funds to a bond that can be effectively destroyed at any time by either participant...

https://bitcoinops.org/en/newsletters/2024/11/15/#mad-based-offchain-payment-resolution-opr-protocol

Charmaine Ndolo posted to Delving Bitcoin summaries of two recent papers about reducing the privacy of LN payments and potentially censoring them...

https://bitcoinops.org/en/newsletters/2024/11/15/#papers-about-ip-layer-censorship-of-ln-payments

BTCPay Server 2.0.3 and 1.13.7 are maintenance releases that include security critical fixes for users of certain plugins and features...

https://bitcoinops.org/en/newsletters/2024/11/15/#btcpay-server-2-0-3

LN-Penalty is a state protocol that penalizes a party who publishes a past state by allowing their funds to be seized by their counterparty...

https://bitcoinops.org/en/topics/ln-penalty/

Timeout trees are a type of trustless contract protocol that produces a tree of offchain transactions that only remain safe against counterparty theft for a limited period of time (i.e., they time out)...

https://bitcoinops.org/en/topics/timeout-trees/

Bitcoin Optech will host an audio recap discussion of this newsletter on Twitter Spaces Tuesday at 15:30 UTC. Join us to discuss or ask questions!

https://x.com/i/spaces/1lDxLlkMpnvxm

Especially when Bitcoin is moving or an interesting guest is on one of my Bitcoin pods I'm drawn to nostr and stacker.news. X has been ok for wider world stuff like SpaceX and government efficiency.

Watched 10k on Cryptowatch at a Starbucks. Where do you think you'll see 100k?

Alby makes custodial lightning wallet. Alby makes extension that works well for Nostr signing. Alby introduces subscriptions. Alby deprecates custodial wallet. Alby deprecates custodial wallet?

Or maybe clients with local storage should notify on big unexpected changes.

It's freeing to know I can mention x or BlueSky here without shadowban.

BlueSky seems to be a great place to spar against antibitcoin folks just in case you like that game.

Plenty of bots and default profiles. Not rampant but the incentive to inflate numbers exists so... Engagement is high though at least on a likes basis. Would be great to know what moves were necessary to scale this far just for traffic/algo generation.

It seems to be a combination of reports, WoT, client side and relay filtering. Also pretty stupid to share here with the required cryptographic signing of the crime.

Replying to Avatar Matt Corallo

I don’t really understand this kind of criticism (and not to pick on Will here, it seems to be from ~everyone).

Bluesky took a different approach - first build a product people want whose technology supports decentralization, and add the features the geeks want later. It’s easy to shit on their lack of decentralization, but Bluesky has made clear and consistent progress on that front since day one, and I assume they will continue to do so.

The result has been a product that’s growing (those user stats are pretty realistic, doubly so when you look at the number of accounts actually posting real content) way more than nostr with tons of anti-centralization features that nostr is missing (anyone can create a feed algorithm, and there are many, decentralized content tagging is a really cool innovation - different ā€œadult contentā€ tagging services, opt-in different moderation services, etc).

The federated model of Mastodon led to a trainwreck of fiefdoms run by weirdly obsessive and controlling mods, but Bluesky took that and addressed the issues by splitting moderation from hosting.

Sure, Bluesky’s hosting model means you don’t get the relay-redundancy that sets nostr’s censorship resistance apart, but that’s not all that hard to add in the future (with the sync assumption they make making it easier to make efficient, too).

Building the kinds of stuff Bluesky has on nostr is gonna take a huge investment, we can’t leave folks like Will stuck building critical nostr apps by himself. nostr:note1vpteqdxxlgkjndhghhlu4n47aj2sra5vgmdr465y4yfzwcshglvqrqann4

My main annoyance with a while back I checked in on it for some months and the discord felt like nothing was happening, and that it was a big tech project with no spirit. SourceCode repos were tumbleweeds. So them at some point they built out this thing which is in the marketing sense decentralized.

Meanwhile the speed and algo layer is all due to some huge hidden compute cost which is being paid by someone/VC. Feels like a trap. I'm checking it out and enjoying it but my key reservation is with hidden cost and ownership. Feels like my persona there is a product.

The nostr response that is like to see, if there is one, is for all the big relays to go paid and let us know and pay the cost of a bulletproof social network.