mothepro

RGB consensus layer released to production

dr_orlovsky

This is exciting tech. With level of maturity, I can see a new wave of federated stablecoins forming—assets like USDT or precious metals, but without the centralization risk. Built on Bitcoin is the icing on the cake.
Curious who else here is building in this direction?

bitcoin

Does anyone here also use a stable coin on bitcoin blockchain? I looked into Stably USD on bitcoin but after checked their AUM and it seems to have been dropping from $5m to around $100k from 2018-2024.

In this space, I find the price fluctuations and speculation annoying, the most exciting aspect about bitcoin is the self-sovereignty of ownership. For those of us who see the power behind the of bitcoin technology and use a fiat bank at the same time, why not use a stable coin option instead? I understand the most popular ones are all on the ETH network. Just trying to learn why I should use or avoid these solutions on BTC network. 

USD on the bitcoin blockchain

Trustless Time-Locked encryption powered by bitcoin

tl;dr You can encrypt some files. then "hide" the decryption key in the bitcoin blockchain. Finally makes a transaction using [nLockTime](https://en.bitcoin.it/wiki/NLockTime) to make the key "visible" some time in the future.

Thank you, hope this clears things up.

Hey y'all, earlier this year I began working on a proposal for an encryption protocol which only allows decryption after a set amount of time has elapsed.

A real world use case is for whistleblowers to encrypt and share their documents and findings without the contents/identity being revealed for a set amount of time. The whistleblower will have time to personally prepare before the documents are unlocked to their target, and they can know that no middle man can compromise them by unlocking the documents prematurely. 

It is powered by layer 1 bitcoin transactions, so I figured users here would be interested in learning more. Now, I'm looking for any feedback or potential vulnerabilities I've missed, before attempting any time of implementation.

Check out the [Google doc](https://docs.google.com/document/d/e/2PACX-1vQe-OF0Lw9lutf6aBeSlVs0G09sSGX3XmBRQG7rkbxRvJeKZ22hH-O1zXU4Cvj8YXfi4r2N31GUc7cG/pub) or download the [pdf from Google drive](https://drive.google.com/file/d/1ty6XjgzoP5WOjGbl0U3PCwMJOKtRTTDV/view?usp=sharing).

If you just want to see some code, check out the [Github gist](https://gist.github.com/mothepro/78da7630fa8004e1fb660101beb5f8ce) which generates a part of the bitcoin puzzle transaction.

Cheers,
