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It seems to me that In lightning ecosystem the most trendy app is Wallet of Satoshi. I think it is because it is cheap, simple, and fast. Every app is trying to be simple and fast, but lowest cost is the strongest differentiation here.
There might be potential even on first layer to crate a solution that will be cheaper then others.

Imagine wallet that

  • Selects lowest fee as a default
  • Combines more transactions into one

Primary selling point of this activity would be low fees, but it would increase privacy/fungibility significantly as a byproduct

Related ideas:

Any thoughts? Anyone interested to participate?

623 sats \ 0 replies \ @Kruw 1 Oct

Kukks built this singlehandedly btw: #1415572

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Wonderful ideas, yes!

How on earth is Joinstr not getting A LOT more attention?

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Last I looked it at it, it was fundamentally broken. There's no way to stop someone from halting a round. Someone could make a bot and all of joinstr would fail

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Exactly!

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  1. You can't match LN cost for microtransactions on L1.
  2. You can't magically save cost by joining multiple people's payments into a single tx because the fee is based on byte size.
  3. Privacy for the sender is better on LN.
  4. UTXOs from any mixer are flagged as dirty by AML bots. You just trade KYC for non-fungibility.
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Hi, thanks..

  1. Yes, but L1 has still some advantages. Like not necessary to be online and most of mechanics is quite simple compared to running lightning.
  2. Yes, but combined transactions means less byte size.
  3. Yes, but this would increase privacy on L1
  4. Yes, but do you want to ask for permission?

Btw. this post is more than 3 years old. 😀

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Love it! Marketing coinjoin as efficiency tool (cheaper transactions), is the way to go!

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1 sat \ 0 replies \ @mkmloom 1 Oct -2 sats

🤔🤔🤫🤔

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