Thanks! That's great to hear ☺️

Love what you're doing with Stacker News as well! Imo it's a much better model than legacy social media

PS really like the zap forwarding feature. Is that new?

Breez is using Greenlight, who are using VLS to separate LN keys from the node

Maybe @roy can provide more details, as I'm not sure on what it will look like

The devs building VLS into their Lightning apps will be able to configure which actions do/don’t require user input.

They may also provide optional velocity controls which will allow routine payments to known destinations up to a limit (per hour/day/week/etc) defined by the user

VLS normally asks the user to approve transactions, so it will refuse to sign if the user didn't initiate the action. And since the device running VLS holds the LN keys, the node will not be able to independently sign the transactions (unlike a blind signer which would be open to the exploit you describe)

Do you mind elaborating how you think VLS might violate privacy? We will address your concern, but just want to make sure we understand first

Also, it should get easier from here as LN companies like Stakwork build user facing solutions that integrate VLS with an UI

That being said, we recommend everyone practice safe transactions, use VLS (whenever possible) 😉

I don’t think debt will be as prevalent as it is in the fiat system, mainly because the supply of bitcoin is limited, so there won’t be enough to pay back the interest on all debt if the percentage of the economy that is debt financed is too high.

As for housing prices, the reason they are so high and require so much debt to purchase is two fold imo:

It’s hard to know for sure, but I imagine a world where Bitcoin allows for a house to no longer be multiples of average income, and be affordable for the average pleb

This is a great question and I think this depends on their preferred LN setup and security needs/budget. A lot of plebs I’ve talked to have asked why do I need VLS if I have my Lightning node on an Umbrel or why do I need VLS if I’m keeping small amounts on my node?

Those are good questions to ask. From an individual’s perspective, given their specific circumstances, the cost to setup VLS or the time required to manage it may not be worth it. Or they may prefer to have full control over the node from one device, rather than splitting the keys from the node. This may even apply to small merchants depending on their risk tolerance and security needs/budget.

When we’re talking about larger merchants/enterprises, with more significant volumes flowing through their node, I find it hard to imagine a case where they are using the Lightning network and not using VLS or something like it.

This seems like a 3-of-3 multi-sig setup where each person holds 1 key.

While LN multi-sig is not yet ready, we are following work being done by Lightning core devs on multi-sig protocols which should allow for this to happen.

As a side note, 3-of-3 setups are dangerous if you don't properly backup your keys, as one lost key means you lose your funds.

To add to what Ken said, VLS is focused on building a library and reference implementation which can be used by LN companies and developers to build into their solutions. VLS will be capable of running on cheap personal signing devices that plebs can use, but if the pleb is not a dev the solution they use will need to be built by one of these LN companies/devs

Japan, hands down.

It was an amazing experience, because everything is done so meticulously with great attention to detail. You can walk into a 7-11 and have a better meal from the frozen section than most restaurants in north america.

The restaurants there, especially the ramen and sushi are another level (though this may mean you can't enjoy these foods at home anymore).

And the parks in the cities and the scenery in the country side are beautiful.

Highly recommend you go, though not sure if they accept Bitcoin, I went before I discovered it. A quick look at BTC Map shows its not many places unfortunately.

Imo, multi-sig setups will likely be the standard for enterprises, institutions, large merchants, etc which are using either L1/L2, because they have a need for increased security and also to segregate duties so there's not too much power in the hands of one individual.

Whether or not multi-sig becomes widespread among individuals I think really depends on the UX that can be built around it. Right now, multi-sig for L1 is daunting for many users, especially the less tech-savvy. If the difficulty can be abstracted away easily, without sacrificing too much in security or becoming too expensive, I could see it catching on more widely.

We’re very excited about our next release, which is focused on enabling low resource signers. For example, the Stakwork and Sphinx team is working on running VLS on an ESP32, which costs only $10!

Looking forward, we’re excited to get VLS running in the secure area of mobile phones, and also to figure out Lightning multi-sig.

I'd heard about it on podcasts & twitter, but never joined. We had planned to post to SN to market the VLS Beta release last week, and @koob helped to do that. Then @kr suggested we do an AMA here, which we plan to do next Thursday. Looking forward to it!

Now that I'm here, this seems like an awesome platform, excited to use it more 🙂

thanks! 🥳

thanks! excited to be here :)