Just wanted to know what will be the best option for receiving recurrent payments from different senders and not reusing addresses and off course, a non custodial way.
I'm looking for this solution in order to try to help a NGO.
Cheers
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95 sats \ 0 replies \ @03479d0ee6 21 Jan 2024
Onchain there is bip47 also known as paynims https://bitcoiner.guide/paynym/ you need compatible wallets (samourai and sparrow for eg) but you pay extra fees. Like others said an LN address will also do it. IMO you can just reuse an onchain address and from time to time mix it if you want.
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10 sats \ 0 replies \ @Kathleen_Croteau 22 Jan 2024
BTC PayServer
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10 sats \ 3 replies \ @ama 21 Jan 2024
You could use some layer 2 solutions, like LNurl or LN addresses on Lightning Network; or Liquid, which has confidential transactions. I'm not aware of any layer 1 solution which doesn't involve setting up your own server or exposing your xpub. Perhaps PayNyms? (I haven't looked at them in enough depth to be sure.)
I wish MWEB, which is already running in Litecoin and has confidential transactions as well, would be added to Bitcoin at some point. It's a layer 1 solution and very easy to use.
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10 sats \ 1 reply \ @ama 21 Jan 2024
I have just found out that @lunaticoin has just published a couple of minutes ago an episode of his podcast about this very topic, alas in Spanish: https://invidious.nerdvpn.de/watch?v=eJajAawTirM.
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10 sats \ 0 replies \ @ama 22 Jan 2024
After listening to the detailed description of PayNyms on the podcast, I'm afraid it might not be convenient for the OP project, since it might be a little too expensive, or need trust to a third party to make it cheaper.
It could be convenient for high amount transactions or very sensitive transactions where paying higher fees (due to the use of op_return) might be acceptable for the senders, though.
Let's hope for MWEB...
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0 sats \ 0 replies \ @Bitcoiner1 OP 22 Jan 2024
Thanks.
Liquid is not BTC.
Lightning address is one of the best option for now, I guess
PayNyms I don't know many people who use it.
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0 sats \ 1 reply \ @ama 24 Jan 2024
Silent payments BIP-352 is an improvement over PayNyms. This article explains it simplified.
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0 sats \ 0 replies \ @Bitcoiner1 OP 24 Jan 2024
Thanks. I'll take a look.
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