Nice! Would have liked it if he included Urbit in the comparison, though.

Nice to see this posted on SN. We desperately need to start the discussion about adding ZK (validity) rollups to Bitcoin.

ZK rollups will allow for arbitrary settlement in BTC, which is a huge feature. I.e., you could run entire sidechains or payment networks "off-chain" and have it settle on-chain with much better security guarantees than anything that exists now.

With ZK rollups we could even shrink the blocksize and make the chain easier to run on lower end hardware.

Unfortunately, ZK rollups have already taken off on ETH. The ETH ecosystem obviously does not share the values we have in the Bitcoin ecosystem, but if they have tech like this they could win out (and are currently winning out) on market share for the sorts of applications that require arbitrary settlement. This is not a world we want to live in.

@lightcoin did a great research project on adding zk rollups to bitcoin, details here: https://bitcoinrollups.org/

inb4 USDT over tron is the primary thing to benefit from this :(

What pain point is it actually solving? That's the issue imo.

This is pretty huge.

That would be fantastic.

Why does this get asked every single week?

The issue with stablesats is it relies on a third-party custodian holding a derivative position on a custodial exchange (bitmex, etc).

It's definitely a nice feature for bitcoin beach wallet (and the SBW stablesats wallet), don't get me wrong. People should know the tradeoff, though.

Not sure what you mean. One of these exchange bankruptcies will somehow stop their chain?

Why would the BlockFi bankruptcy filing have a bigger effect on ETH than any of the other stuff that has happened in the last month?

I've had it installed for a while but can't see much reason to actually use it. It doesn't really try to do what brave does (pay you for browsing), it's really just a firefox fork with their plugin bundled into it. That plugin has a lightning wallet and some webrtc stuff (video calls, document editing). Without other people you know actually using it, it seems pretty worthless.

Apparently you need to set a nostr relay for it to work, which can't be done in this app at the moment but can be done in other nostr apps like astral (https://astral.ninja/)

Inability to use lightning in the US makes it pretty useless for me.

The part he left out: this user had a very attractive profile picture.

Don't forget to tip your miners, folks.

Seems unlikely to me that the IRS would go through this much effort to track robosats purchases at this point.

Even with root level access to their DB you wouldn't have access to the on-chain TX. Robosats is done using lightning HTLCs and hodl invoices and it's impossible to use strike for the actual BTC part of the transaction on robosats.

that fat mempool tho

I agree that it's just as private as those methods. I'm talking about on-chain privacy. Your p2p payment will have no connection to any on-chain funds.

Strike is definitely the most convenient. It's "private" in that there is no on-chain connection between your p2p USD payment and the btc you receive.

Validity (zk) rollups will be killer if we can actually make it happen.