newnym

tech

Anti-hype LLM reading list

nout

bitcoin

Interesting development. I wonder who is buying the other side of these contracts?

Also, note how this invites AML/KYC: most hedging contracts need real world identity to enforce punishment for failure to deliver.

Luxor Now Offers Hashrate Forwards Allowing Miners to Hedge Hashrate

petertodd

How to Obtain a Virtual Phone Number and Why You Need One

Parzzix

**I would like to discuss feedback on the following proposed setup:**

KYC'd coins (Onchain) -> FixedFloat (Onchain -> Lightning) -> Lightning Wallet (Muun / WoS, Lightning -> Onchain) -> Non-KYC coins (Onchain).

With the goal in mind of breaking the history from the original KYC source, as far as I can tell this will work well, is cheap and fast, and is generally low-risk. No party can see more than 1 step in either direction.

I think FixedFloat and Muun are easy choices here. Both can be accessed anonymously, both have low fees and you are not going to max out liquidity by running your own Lightning nodes, etc. There are criticisms of Muun as not being a real lightning wallet, but in this situation it seems to have some of the lowest fees for Lightning -> Onchain. 

Compared to typical Coinjoins, this kind of Lightning-based approach seems to me faster, cheaper, and ultimately more user friendly (No toxic change, no always-online setups). However it does have an upper limit in terms of UTXO size, does introduce a brief window of risk with the custodial providers, and there may be secondary chain analysis being done by one of the middle steps.

**Discussion**
Any thoughts, or feedbacks to develop / improve this further? Do you have a better way to propose using Lightning instead of CoinJoins easily?


Discussion on using Lightning as an alternative to CoinJoins

chungkingexpress

I've finally made the plunge and switched to Linux (Mint). Now, I'm looking to get into running a LN node. I was about to install Eclair from ASINQ, but apparently it doesn't have a GUI, so I'm looking for something else to help a newbie start his LN journey. Would be cool if the LN software could run with Bitcoin Core, since that's what I'm most comfortable with now. 
Any input appreciated!

I'm looking for a noob-friendly LN node software with GUI for Linux

Relight_Motion