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Cake day: June 4th, 2023

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  • You can make as many Bitcoin addresses as you want. You can look up an addresses balance but not a wallet’s balance. It’s not as clear as you’re making it sound.

    Bitcoin over Lightning is much, much more opaque, and it’s where the majority of Bitcoin transactions are now occurring. You can’t look up somebody’s balance. The only people who know about the transaction are you, the recipient, and any intermediary nodes used to forward the transaction. Privacy is continuing to improve on lightning and main chain.




  • It’s open source, and it’s fully self-custody which are two important features. Having a wallet directly integrated into the e-mail client is nice, being able to send payments to other users just knowing their e-mail address instead of their public key is pretty cool. It does automatic address rotation to preserve privacy. Wish it supported lightning for cheaper/faster transactions and additional privacy but hopefully that feature comes in time.








  • With whirlpool going out of biz, what coinjoin is there for btc?

    There’s plenty for anybody who want to research. Coinjoin is a technique.

    Doesn’t work when mempool fees are high

    LN is disconnected from mempool, that’s the entire point of an L2. Your transactions don’t go on chain or in the mempool. Main chain secures the transactions, lightning stores the transactions. The main chain only stores the start and end balance of a lightning channel, that’s it.

    Most people are forced/nudged into using custodial wallets

    Their choice, some people will always prefer custodial options no matter how easy non-custodial ones are. LN works fine non-custodially, that’s how I use it. You move money from L1 to L2 in a single tx. Now you have a lightning channel that can have functionally unlimited transactions in it between you and anybody else on lightning. Transactions confirm in a second for pennies in fees.

    LN was not designed to be a privacy tool. Bitcoiners tried to shoe-in that it is also a privacy tool

    Privacy continues to enhance, look at the Bolt12 upgrades for example. But I agree, and Bitcoin can’t hold a candle to Monero’s level of privacy.






  • makeasnek@lemmy.mlOPtoOpen Source@lemmy.mlThe Death of Decentralized Email
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    3 months ago

    You may know me as a Bitcoin educator and engineer.

    Yeah well, in that case, fuck you and the hypercapitalist horse you rode in on.

    This guy is a protocol engineer, talking about protocols. You may not like like Bitcoin, but it’s pretty hard to argue it’s not one of the most successful, widely-used, and forked open source protocols developed in the last several decades. Bitcoin core is in the top 100 starred repos on Github. It has a unicode character.

    Bitcoin’s market cap (> 1 trillion USD) is bigger than Sweden’s GDP and it moves billions of dollars around the world every year. You can use it to send money to anybody with a phone and a halfway reliable internet connection in under a second for pennies in fees, and it settles instantly. And it’s been working for 15 years without a single hour of downtime, bank holiday, or hack despite pandemics, wars, financial crises, and attempted bans by global powers.

    Like, be mad if you want, but it’s a pretty successful and robust protocol. And if you don’t like it, you can fork it and change it, because it’s open source.


  • makeasnek@lemmy.mlOPtoOpen Source@lemmy.mlThe Death of Decentralized Email
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    3 months ago

    Sure, you can run one, good luck getting even a halfway decent delivery rate to mailboxes at any major mail provider. Even if they never receive a spam message from your server, your server is an “unknown” which counts against you. And if one person in your small company of 10 or 100 or even 1000 people gets their e-mail hacked and sends spam? Prepare for the rest of them to get punished for it. Running an SMTP server is a nightmare which is why, over time, more and more of the economy has just shifted their SMTP servers to organizations who professionally run SMTP servers instead of having their own.


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    3 months ago

    It would be annoying to lose your instance, true, but you just move to another or roll your own.

    This is a problem nostr solved, and I believe bluesky solves as well though idk as much about the protocol. On nostr, your identity and your instance are different things. Relay goes down? There’s no meaningful impact to you. You’re typically connected to several, each of which store your content. You identity isn’t username@somerelay dot com, it’s just username.

    As a user, I had this happen to me early in mastodon and it was very frustrating to lose all my follows, followers, tweets, settings, etc. I realize there’s now ways to manually backup etc but properly moving an account requires a cooperative instance which can’t happen if it’s de-federated or just drops offline randomly like mine did.

    The Fediverse and ActivityPub will continue to evolve, but unlike SMTP, they were created after the internet became adversarial. This author isn’t the first to try to fearmonger over the future of AP, and they won’t be the last.

    This isn’t fearmongering, it’s him reviewing the ways SMTP tried to solve the spam problem and became centralized as a result. These questions of how we tackle spam and moderation are valid, important questions. And Fediverse, at a structural level, is basically the same as SMTP. We have users at instances (e-mail hosts), they can send messages/tweets/links (emails) to users on other instances. Each instance is free to accept/reject messages from other instances based on their own criteria. That’s the whole thing. That’s exactly how SMTP works.





  • makeasnek@lemmy.mlOPtoOpen Source@lemmy.mlThe Death of Decentralized Email
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    3 months ago

    This is an instance moderation problem. If you’re letting spammers in, you need to use a better application process or something similar to that. A big problem with email spam is that most email services allow anyone to sign up for free without any checks.

    Which is one reason, this author is arguing, that e-mail has become so centralized. Doing that kind of manual moderation and curation is expensive, the bigger instances out-compete the smaller ones who don’t have as much resources to dedicate to it. As more and more instances get “de-federated” for not having as good of anti-spam measures as the bigger instances, more users will sign up at big instances to avoid defederation risk. Just like how many people use gmail simply because their email delivery rate is so good. If I send from g-mail, there’s very few servers which will reject my message or throw it in the spam folder. I’d love to run my own mail server, but even as a dedicated sysadmin it’s impossible to get decent delivery rates.

    The more anti-spam checks we have, yes we weed out spam, but we also make it accessible to less users as well.

    AP has been blessed so far with not having to fight too much spam. Look at very popular, very centralized, very resourced platforms like Facebook, spam is still a problem on their platform despite massive resources put towards fighting it.