Seth For Privacy on Nostr: One of the saddest things I could have read today. 4 key takeaways: 1. This is what ...

One of the saddest things I could have read today. 4 key takeaways:

1. This is what happens when we don't properly prioritize solving LN's issues w/ non-custodial usage or prioritize self-sovereign setups, and when we normalize "it's just for small amounts bro"

2. The fact that BOLT 12 hasn't been widely adopted after more than 2 years (or even *implemented* in LND?!?) is depressing. Zaps have to drive BOLT 12 adoption ASAP.

3. Good luck getting all of these non-technical WoS users to migrate to self-sovereign setups now that they've tasted the convenience of trusting someone else entirely, aka PayPal 2.0. Even when we improve self-sovereign setups it will be much harder now to build momentum

4. The fact that benthecarman (npub1u8l…turz) can even do this analysis shows the serious privacy issues with Zaps - let's make private/anon Zaps the default in *all* clients, please

More on BOLT 12 if you're new to the concept:

https://bolt12.org/

quoting
nevent1q…ec8g

Ran some analytics on zaps on nostr, it's quite terrible...

~95% of users have their lightning address set to a custodial wallet

~91% of all zaps by volume have gone to a custodial wallet

#[0] is the clear winner of 50% of users and 67.5% of volume
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