Nostr Web Client

1. The change is much smaller than other soft forms and is a well-scoped change (vs a large sweeping change). It does not introduce new utxos. It introduces new ways to encumber coins

2. The activation for bip345 is currently unspecified. It is not seeking a one month activation.

3. Im not sure what you mean about the other lock time. What are the downsides you want to have discussed?

4. I disagree. OP_VAULT would let individual HODLers massively upgrade their security without a lot of operational complexity. Individual users could have a single phone wallet or hardware wallet that implements a vault and falls back to more complex recovery paths. So you could have the ease of use of something like blue wallet but the theft resistance of a multisig

1. bip345 introduces 'covenant' a new utxo, non-deterministic utxo, doesn't it?

2. from GitHub and Twitter comments, bip345 behaves too hurry, but 1 month ago the author made a lot of changes with the help of others didn't he?

3. bip345 introduces new features, in terms of security comparisons, any progress over timelock-multi-signature address? And bip345 repeatedly disparages the time-lock protocol(bip65), and claims itself to be the 'perfect ultimate wallet solution', which is too suspicious, isn't it?

4. bip345 needs a watch-tower all the time to look at the on-chain txs, how can an individual do that? Technically(mobile phone) not allowed, time (need work, sleep, vocation) not allowed for an individual, isn't it?

Replying to

Talking to some people about OP_VAULT today. Any questions you have that you want the answers to?

Some thoughts

1. bip345 introduced a new utxo which is new, unprecedented, and not in a minor scope. Change is Too big.

2. bip345 seeks fast activation, and inevitable activation, but after only one month, it seems that the author has made significant changes to it, including detail implementation. Too hurry.

3. only discuss the benefits without reciprocity, and avoid discussing the disadvantages of its misuse. Compares are Not even for other time lock method

4. It is very beneficial for institutional users, but not friendly enough for individual users, which exacerbates inequality. A simple one like watch tower is not practically implementable for most of the individual users

Replying to

What concerns do you have? The post you linked to says that a problem is that people have to secure their backup keys. Later in the thread, people raise the common concern with covenants about them being used to put restrictions on withdrawals, which has been debunked.

https://www.reddit.com/r/Bitcoin/comments/11so39n/comment/jcfzezr/

This concerns, OP_vault can be miss used by exchanges will harm individual users. Is it possible?

Replying to

DETERMINISTIC OPTIMISM 🌞

Recording the follow up to OP_Vault later today.

Got some questions?

https://www.reddit.com/r/Bitcoin/comments/11so39n/comment/jcjm5q9/

What about this concern:

Replying to

Talking to some people about OP_VAULT today. Any questions you have that you want the answers to?

https://www.reddit.com/r/Bitcoin/comments/11so39n/op_vault_is_a_proposed_upgrade_to_bitcoin_you_can/

OP_VAULT IS a terrible idea

https://www.npr.org/2023/04/17/1170469556/can-forcing-people-to-save-cool-inflation

NPR podcast:

Can forcing people to save cool inflation?

🤡👎

Replying to

Lyn Alden

The funniest thing about the Treasury budget chart, is that despite every other item being shown in correct proportion, the deficit portion is reduced in scale.

$1.1 trillion deficit over six months.

荒唐包含荒唐

Replying to

Sean

#[0] 果然iris有问题，哪位把老外的活接了

Can generate BIP-39 -> NIP-06 keys via https://nostrtool.com

说的是 ios 版本吗，第一个版本我测试使用时候，发现用一会儿后UI 很卡，同时测试右滑回退是可以一直回退的。所以猜测（类似 cordova hybrid 的app）一直会 stack push 每一个新的 webview，导致性能变差

Replying to

Keith Mukai

I totally forgot to mention in my talks at #[0] that you can derive a Nostr key from a BIP-39 mnemonic backup phrase.

* You (or more likely your Nostr client app) generates a new mnemonic backup.

* Write it down and protect it just like a Bitcoin seed.

* Client app derives your Nostr key from that seed.

#[1], #[2], #[3], #[4] for app-generated Nostr keys, it'd be nice to go through NIP-06 derivation (`m/44'/1237'/0'/0/0`) and provide the mnemonic as their backup.

Eventually when we get keys out of browsers, we'll want more robust backup solutions. May as well piggy back on what's already out there (e.g. steel plates) for Bitcoin.

Will this be different from the Bitcoin keys ? After all, nostr is a hot ‘wallet’, and there are often clients (even web client) that encourage users to paste the private key. If the user pastes the private key derived from Bitcoin, the whole wallet will be exposed.

Replying to

aLE

我想了一下，你说的这个是一个很古老的关于“中文房间”的隐喻，但我觉得这个隐喻多多少少有点过时了。

我不知道我举一个例子对不对，这个例子就是，你在生活中还有网上能遇到很多人，这些人他们自己说话都不明白自己在说什么，他们甚至比GPT更低能。

如果一个东西无法理解自己在说什么却又一直在说话，这是一种对于机器没有意识的辩护或者理由，那么这些人，却又很明显是有意识的，这就陷入一个paradox了