Last Notes
At least he used Shakespeare though! I laughed when Alex sent him an on chain zaps to encourage him to keep working on it. Beautiful 😍😂
I'm a philanthropist, I'm giving it all away 🎉
Right, so public zaps can be observed and added up to estimate someone's public balance, and this shows us that there are different concepts that we're trying to think about but they are not being clearly distinguished so people end up talking past each other sometimes.
We can distinguish the concepts and think about the design of each concept as a feature.
One concept is social zaps, public records of transactions. This implies a public balance of public transactions (Only an implicit feature for the on-chain zaps. currently basically not implemented for lightning ecash zaps). People are not currently concerned about the public balance of lightning zap transactions. Probably mostly because it's just not currently a feature. And maybe they will be more concerned about public balance in the future, whether its added as a feature or not.
The other concept is private transactions. This is generally what people are trying to build tools for on-chain. Monero has more privatcy built in.
(BTC was the first and simplest implementation of non-custodial VALUE. However that simplest implementation also made the transactions and balances public. But privacy is another important part of money and BTC didn't have a solution for that yet, initially depending on security through obscurity.)
The public-private concepts also interact with the concept of privacy of transactions and balances for the sender and for the receiver. Some senders might want to send anonymously, and some receivers might want to receive anonymously.
This was while onboarding a user into Primal which has the best wallet design/setup/onboarding on Nostr. This is why we had to give onchain zaps a try. Nothing is working.
#nevent1q…e0yv
A measly 87 cents on that post
https://blossom.ditto.pub/6ea1c72ac3242a9018504ede9593a794b61d2c40648b1c6c8e8ea485ce47d354.png
Good luck and I hope them success. I love all projects that tries to scale Bitcoin. But I prefer Spark.
Ok, Spark is bad Ark is great, haha.
they can just check the chain for outputs.
So, @nprofile…ae9u alone beats them all with onchain zaps? :)
Wrong. Tell me your suggestion to scale Bitcoin and that has unilateral exit.
There are tradeoffs, as everything that tries to scale Bitcoin and yes and I know them. But it has unilateral exit: https://docs.spark.money/wallets/unilateral-exit#unilateral-exit
Is that so? People see you received cause it was a zap but nobody sees if you sent the funds out again.
Yeah, that's what I'm asking for. I want that local cache.
https://docs.spark.money/wallets/unilateral-exit#unilateral-exit.
And yes, I know the tradeoffs and I'm ok with it.
Translating into English:
Never use this shit.
wen GrapheneOs Reverse Geocoding Services? :)
Yes!!! finally, let's go!
#nevent1q…d4pq
Imagine the economic boom if no one ever thought about income or cap gains ever again.
We would just make things and spend money without ever having to consider the gun to the back of your head.
i used it for a while.
its the main reason I'm not going to vibe something myself and let it become abandonware.
Crypto/tech doesn't fit our old laws so well and creates so much friction when we just want to use money.
I see it now as public on chain zaps are for crossing the strait of hormuz not shitposts from npubs
Different utility, different implementations
I heard @nprofile…8q5w say it works like a Diffie-Hellman key exchange on The Bitcoin podcast, but the info gets leaked to the server which means it's only private if you run your own server.
Primal sucks again. Notifications not showing up. Can't tag the primal account. Been using @nprofile…wywf for the last couple days..
And spent is technically a cap gains event too
The feds don't care about crypto nuance though.
We are stuck in the place where the tools are anachronistic to the power structures.
This is the underlying cypherpunk problem. Building the future means disrupting the laws.
Right. Well whatever you can do here would be helpful. Opt-out by default would be preferred if clients respected it.
All the shitcoins are tax nightmares. They just don't seem to care and degens will do whatever degens do, mostly because they are clueless about the potential implications. That isn't a good arguement for doing the same.
User intention doesn't change the tax code sadly. It is income and legally users are obligated to report. Boat accidents land people in jail. It isn't a sufficient defense to say, "I won't/can't spend this money only I control."
I know.. but public key cryptography doesn't care. If you are signing for anything on the web, anyone can lock funds to you (to that key) in any chain. You really do not have an opt-out of this.
We can make a flag to check before sending that the supporting wallets can check, but it won't solve much in your case.
My problem with that thinking is that all private keys of all kinds, can receive funds in any blockchain. Anyone can lock funds to you in almost all chains, even frankly even banks. That doesnt mean you received them or want them in the eyes of the law
he sure did
https://media1.tenor.com/m/zqHbKTg9NxEAAAAC/ray-liotta-laughing.gif
Even still, my nsec has to be involved in a bitcoin transaction now. I just wanted it to sign some notes. That is opt-in. This is not opt-out.
I already tried @npub1nxa…a6q8
Well on one hand nyms often embrace spending permissionlessly.. so we may just spend it and say gfy.
But since spends under typical anon conditions have no social graph associated this is the privacy problem.
Ashigaru minimum pool size is 2,500,000 sats. Since all the funds are already associated then they could be consolidated and spent in a tx0 to break deterministic links.
But there is still a clear path that this nsec did so. Perhaps the deniability is my nsec is compromised?
Seems to me that ocz's for nyms under current conditions are only spendable to other nyms or are a locked in burned utxo clout badge until they are big enough balance to whirlpool.
@nprofile…ag7g solution should likely solve the client implementations, so that public ocz's are not available easily by users and by and large engage with SP OCZ's in clients.
Yes that's what @npub1l5s…gx9z has been talking about all morning.
https://media1.tenor.com/m/2CIRgiQgts0AAAAd/shannon-sharpe-undisputed.gif
You can just burn them if you don't want. Some clients are already adding it.
The issue is. I don't think there is a form for the IRS that says "I received funds. They're in my name, but I'm saying no to them. I don't want them." You're leaving me with no choice except torch my nsec and go back to twitter.
Without zaps, then? I can make a setting
Refuse to move funds tied to their nsec and instead ask zappers to send them funds with payment targets.
No they are looking at nostr notes (not looking inside the lightning network). Big difference
My tax agency is already looking at zaps in the lightning network. So, I am already having that fun.
And have fun with the tax man
What should nyms do then? Mix it?
Also, they named it "Silent" Payments and not Private Payments for a reason.. Don't think for a second that SPs are actually private. It's just a hidden link.
I volunteer as a burner address 🚬
Except that if you are nym and have good opsec you would be doxxing your nym to a kyc regulated exchange
or you can burn them 🔥coming soon
#nevent1q…3vas
