Nostr notes by bitcoinjiujitsu

Nostr event nevent1qqsf7gqda34jeept8940fye6xk3nj2gly8e32tzv526vdqefw4gl7vgzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsn9cmws

2026-03-25T08:35:27Z

https://youtube.com/shorts/WfDmcyvAZgI?feature=share

2026-03-25T08:26:39Z

https://youtube.com/shorts/WfDmcyvAZgI?feature=share

https://studio.youtube.com/video/5fOhkHbZz_8/edit

2026-03-25T08:24:27Z

https://studio.youtube.com/video/5fOhkHbZz_8/edit

⚡️ 🔁 🌊 #nevent1q…07ur

2026-03-18T04:08:29Z

⚡️ 🔁 🌊

quoting
nevent1q…07ur
The Blockstream Jade is the first Bitcoin hardware wallet to interact with Lightning.

Exchange → Lightning → LiquidNetwork (nprofile…0cnd) → mainchain cold storage.

All signed offline with Jade. Your keys never touch an internet-connected device.

https://youtube.com/shorts/LVsH0PUYhEU?feature=share

Nostr event nevent1qqsg9gtn58n2a377gkahterhyez8pypxe5fx6parpzhr7qg4cfa6ztgzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wspx2qjk

2026-03-18T04:06:54Z

Hello Ghostr

More Bitcoin Opportunity Cost App visual madness. From Ray ...

2025-07-04T12:02:59Z

More Bitcoin Opportunity Cost App visual madness.

From Ray Dalio's latest.

US debt to increase from 59,868,768 BTC to 107,763,782 BTC🫠

up-hodl🟩

Bitcoin hitting 110 on @npub1jg5…6n8n 📈 How high do we go in ...

2025-07-03T10:39:39Z

Bitcoin hitting 110 on Blockstream (npub1jg5…6n8n) 📈

How high do we go in next 24?

Join us. https://m.primal.net/PulW.jpg

2025-03-27T06:03:21Z

In reply to nevent1q…nvpt
_________________________

Join us.

Rolling with Damus Notedeck.

2025-02-01T11:03:06Z

Rolling with Damus Notedeck.

crypto capitulation ✅ my s/o brought this home from a trip to ...

2024-09-13T06:57:04Z

crypto capitulation ✅

my s/o brought this home from a trip to normie world a few days ago

Gifted by a female colleague…

an exhausted crypto drop out 🚮

or a spook 🤣

i ain’t pluggin that thing in

@npub1luz…ee93 single handedly holding up X right now. ...

2024-08-28T03:32:04Z

Magoo (npub1luz…ee93) single handedly holding up X right now.

Use authenticator app or even a @npub1jg5…6n8n Jade for your ...

2024-06-30T23:08:59Z

In reply to nevent1q…p8w2
_________________________

Use authenticator app or even a Blockstream (npub1jg5…6n8n) Jade for your 2FA.

https://help.blockstream.com/hc/en-us/articles/20182747993625-Use-Jade-as-a-2FA-authentication-device

Nostr event nevent1qqswvhdwyn43nzlpevvwrfhrgvc7ycc7aedp399326ew8f0frvfwkggzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9ws2pyq6w

2024-06-12T04:42:00Z

Nostr event nevent1qqs22gsp48evpek4lr2h7xfmxffs88828a0tenyjs0pc6l0mjlzgqcqzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9ws5unlpp

2024-06-12T04:36:00Z

Shipyard
https://primal.net/e/note1mgnh6ugsysv0hf3tp2xcfcwkk0pc3wg52ydlcha9q9xc9q6lcruqqxjw83

Bits of code gone wrong, Restart, debug, try again, Tech’s ...

2024-06-12T03:40:00Z

Bits of code gone wrong,
Restart, debug, try again,
Tech’s trials make us strong

Nostr event nevent1qqs9f6aer3k4vguf0dcdh4xj4zx7upur3rp9w58yypx0c4th9r65ydgzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsgmza8z

2024-03-10T03:27:42Z

Re-upping on #Nostr with Primal ⚡️

To the uninitiated, the innovation of Lightning over Liquid might ...

2024-01-31T03:04:18Z

To the uninitiated, the innovation of Lightning over Liquid
might seem daunting.... LoL

Such is the nature of groundbreaking #Bitcoin tech 🌊⚡️

#Bitcoin ETF will not be fungible with Bitcoin.

2023-12-20T03:54:51Z

In reply to nevent1q…qf5l
_________________________

#Bitcoin ETF will not be fungible with Bitcoin.

#note1fuy…9rez

2023-11-23T22:44:58Z

In reply to nevent1q…wy30
_________________________

quoting note1fuy…9rez

As the #Bitcoin conversation heats up this holiday, guide newcoiners towards secure self-custody.

This Black Friday, gift safety with 10% off @BlockstreamJade hardware wallets and metal backups.
Renote this message in the comments below to stack some sats before you grab this deal in the brand new #BlockstreamStore before the weekend wraps! ⬇️

https://store.blockstream.com/

Something up with this address. Please try another one 😇😈

2023-11-21T22:48:04Z

In reply to nevent1q…nzys
_________________________

Something up with this address.

Please try another one 😇😈

Comment on this event pls ⬇️ 🙏 #nevent1q…u0ql

2023-10-17T03:58:17Z

Comment on this event pls ⬇️ 🙏

quoting
nevent1q…u0ql
Help me grok $prism and get zapped ⚡️

$comment

#note1aal…usc3 Something happening 😄

2023-10-16T23:51:33Z

In reply to nevent1q…zzur
_________________________

quoting note1aal…usc3

I’m excited to announce the launch of $prism.

Nostr is many things, but most importantly, I believe that Nostr is Bitcoin’s first layer three technology. Bitcoin solves money, Lightning solves payments and Nostr solves identity and coordination. Similar to the Bitcoin and Lightning protocols, the Nostr protocol is permissionless and decentralized.

Nostr solves identity using a simple public key that works across any client. Nostr solves coordination by directly connecting Lightning wallets without intermediaries via Nostr wallet connect (“NWC”) and Lightning address (or ideally a future Nostr native equivalent).

There will be many incredible bitcoin experiences built with Nostr. We are making prisms.

Lightning prisms without Nostr are hard to coordinate and execute. It requires figuring out each address, a way to coordinate payout amounts, and someone taking custody of the bitcoin for a period of time to manage payouts. So we’ve seen almost no one making prisms.

Now with Nostr, they are incredibly easy. Want to create a prism on Nostr right now? Type $boost into the text of your next post on any client and we’ll make a prism with the first 10 people that repost it. We’ll post the prism on PrismPosts (npub12u7…jjmt) and you can zap it with any client that supports zap splits like Snort.social or Amethyst. Want to limit your prism to a smaller group of people? Create a listr on listr.lol like #friends and type $boost #friends. We’ll only create a prism with users that boost your post and are on your #friends list.

With NWC, payments all complete wallet to wallet, no intermediary necessary and we never touch your bitcoin. The possibilities are now endless for building new consumer experiences on top of Lightning and Bitcoin.

We started $prism to push forward the bitcoin experience on Nostr. We’ll be launching more prism products over the coming days. Follow Agicash (npub1arc…ggtw) or go to https://makeprisms.com to learn more.

A special thanks to gudnuf (npub1ce7…3d7m) who has been an early thought partner and the first contributor to $prism and bitcoinplebdev (npub1s9e…lxzl) who is our newest contributor.

Something happening 😄

@npub1arc…ggtw

2023-10-16T23:48:17Z

In reply to nevent1q…zzur
_________________________

Agicash (npub1arc…ggtw)

Nostr event nevent1qqs9nt3s62kp9jkydj2m9dusc0cvzcsg7zgfjdtu2f0kzqf06393xrgzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9ws5lqxn7

2023-10-16T23:45:18Z

In reply to nevent1q…zzur
_________________________

Help me grok $prism and get zapped ⚡️ $comment

2023-10-16T23:41:33Z

Help me grok $prism and get zapped ⚡️

$comment

Nostr event nevent1qqsg406pg0wzd909ez3k6m4pyj7l708pnstl3598z77af0yayzvh06qzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsdjph3l

2023-10-14T04:50:00Z

This is the next.

Nostr event nevent1qqsvcy56rwqr8ef3muh6ercns033lm8zax3hpsddr67aktdfyqyza0czypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsdjq83n

2023-10-13T04:50:00Z

This is the first thing.

Trying out Shipyard for scheduled posts @npub1l2v…ajft 😈

2023-10-13T04:49:00Z

Trying out Shipyard for scheduled posts PABLOF7z (npub1l2v…ajft) 😈

It's all good @nprofile…kwtv 😇 2k sats if you guess the ...

2023-10-12T23:16:29Z

It's all good current (nprofile…kwtv) 😇 2k sats if you guess the preimage

note1tsqjyrc2v3xgjn6k240chqefazsy82rg9knyyf5sl288x7kpkv4qegwdsa

quoting
nevent1q…pvhm
ATTN: All Current App Users, We are seeing some scammers sending 2 sats to your wallet with this message.

“9dabc72c6561340dd4e3bffb8a08dbf9bf70d36a4a876022d2090088b335256b 1. Identify the preimage to this SHA-256 hash 2. Nostr DM Blockstream the preimage 3. First 50 Nostriches that DM correct preimage win 2000 Sats each"

Just ignore and *DO NOT* respond to this. It is clearly a scam.

No further action is needed..!

@npub1jg5…6n8n sends out a satogram.xyz message to (most of) ...

2023-10-12T04:14:50Z

In reply to nevent1q…53xd
_________________________

Blockstream (npub1jg5…6n8n) sends out a satogram.xyz message to (most of) the #LightningNetwork.

Solve the puzel get sats 😇

@nprofile…3sr4 takes the lead 💪 #Nostr

2023-10-11T22:35:29Z

Coracle (nprofile…3sr4) takes the lead 💪

#Nostr

Attained the #JiuJitsu Brown Belt 🤎🥋 ...

2023-10-06T04:43:56Z

Attained the #JiuJitsu Brown Belt 🤎🥋

#note1hsd…h7p6

2023-10-05T20:50:10Z

In reply to nevent1q…7rw9
_________________________

quoting note1hsd…h7p6

Good key management lies at the heart of proper #bitcoin custody and keeping your funds safe. This is why we are partnering with Swan (npub1tft…xar5) on their new collaborative custody solution, which will feature the #BlockstreamJade 🔑

And to celebrate we’ve got 3 Jade hardware wallets to giveaway on Nostr!

To enter simply renote this note in the comments below! All successful entrants will get zapped and there is no limit to how many times you can enter, the winner is going to be chosen at random next week!

Find out how this new partnership powered by Jade provides users with a highly secure way to store their Bitcoin, and an experience that is user-friendly ⬇️
https://blog.blockstream.com/blockstream-jade-to-power-swans-new-collaborative-custody-solution/

Share the string?

2023-10-05T02:35:05Z

In reply to nevent1q…nd58
_________________________

Share the string?

Nice 🤌

2023-09-30T10:05:39Z

In reply to nevent1q…zn2x
_________________________

Nice 🤌

Words on @npub1jg5…6n8n Q2-23 by @npub1478…lr8c 🌊⚡️ ...

2023-09-20T01:15:46Z

Words on Blockstream (npub1jg5…6n8n) Q2-23 by prochronist (npub1478…lr8c) 🌊⚡️

#Bitcoin #BlockstreamJade

quoting note1an0…0prf

Last month marked the sixth anniversary of the activation of Segregated Witness (SegWit), underscoring the importance of open-source software and the value of running your own Bitcoin node. To honor this historic date, we are using this quarter's update to take an in-depth look at a few of our own open-source Bitcoin products and the progress made in their development over the past three months.

Among the highlights, we cover the Blockstream Jade and its evolution into a versatile tool to protect online security. Elsewhere, we highlight our new partnership with ZeroSync to bring much lower bandwidth full node sync via Blockstream Satellite. We also share updates on a range of other Blockstream-led open-source projects under development set to play a key role in the open infrastructure that will underlie a hyperbitcoinized future.

https://image.nostr.build/be3ea5c39e2faba6bf14f29227a5a5dfa4d02c1d98c1136e37e1736101939a90.png

Jade’s Best Quarter Yet

Our open-source hardware wallet, Blockstream Jade, enjoyed record-breaking sales in the first half of the year, increasing YoY by over 700%. A major factor in its increased popularity has undoubtedly been the addition of its new fully air-gapped workflows and SeedQR support, as well as quality of life improvements with the Green companion app. We have also made strides to ensure Jade is more accessible by expanding our popular Jade resellers and affiliate programs and our presence in online retail stores. We now have 30 official Jade resellers worldwide, from Europe to Vietnam, making it easier for Bitcoiners to purchase Jade locally and save on shipping costs and time.

As noted in our Q1 report, the team has much more planned in terms of features and performance improvements. Jade initiated Liquid swaps for trustless trading, Miniscript and Taproot support for improved privacy and security, and an Umbrel app for creating your own blind oracle, are all slated for release in the second half of 2023. We are also revamping the setup and onboarding process for users by providing more detailed instructional inserts and an all-new online portal for a more user-friendly experience.

https://image.nostr.build/7be43b4f8adf832e458fbde365b5b43f58ca7f5f35e240a094e3573faee83101.png

Another one of Jade's recent developments has been its evolution into a cypherpunk multi-tool for increased online security.

Jade can produce time-based one-time passwords (TOTPs) for platforms that require two-factor authentication (2FA), similar to apps like Google Authenticator. This feature allows users to have more control over their personal data and provides better security than a regular authenticator app. The secret is kept offline, like your mnemonic, and you receive an extra layer of protection with Jade's passphrase.

We also added the option to transform the Jade device into a Bitcoin miner. This feature, which is more recreational than a serious avenue for mining bitcoin, offers an educational way to explore the mechanics of mining. The function does not require a wallet to be set up or accessed and can easily be reversible if one decides to switch back to using Jade purely as a hardware signing device.

If fortune favors, any mined bitcoin will automatically be sent to an address pre-specified by the user. Moreover, users can learn about mining with real-time insights into metrics like the current block height and the device's hashrate, reducing the learning curve for newcomers in the mining space.

https://image.nostr.build/d41a809fff6589b3c4759abc8925f5bfcdf4772e9ff9ef83caa27979b6b80491.png

Integrating Lightning into Green

After unveiling an all-new redesigned Blockstream Green wallet in Q1, we shifted focus to Green’s much-anticipated Lightning integration via our on-demand node service, Greenlight. This will establish Blockstream Green as the first in-market wallet to enable non-custodial payments across Bitcoin and its leading layer-2 solutions, the Liquid and Lightning networks. The feature is undergoing testing in closed beta, and we expect a public beta by the end of September.

Greenlight simplifies the integration process through a simple, programmable API. This provides enterprises the flexibility to use their own LSP or transition to self-hosted infrastructure. Another unique advantage of Greenlight is it mitigates the risk and regulatory overhead associated with custody by delegating it to users. Under Greenlight, users hold their own private keys, which never leave their devices, while we handle node operations and maintenance on our end.

https://image.nostr.build/bd2608d08710c89761a1bb3e3b42404b442af6008a16c1cfeae9c97afe75050c.jpg

Christian Decker, the lead engineer for Greenlight, explains the inner workings of the infrastructure:

"There are two domains of control in Greenlight: the user and Blockstream. Any number of clients from the user domain can connect to a single node on the Blockstream domain. The node running on Blockstream's infrastructure receives commands, computes the state changes, and then reaches out to the signer, which is solely under the user's control, to have it check and sign off on the changes. The result is a non-custodial, on-demand Lightning node where your keys are stored on your device and never touch our infrastructure."

Scaling Access to Bitcoin with Blockstream Satellite

During the second quarter, we partnered with Swiss-based ZeroSync to work towards broadcasting zero-knowledge proofs (ZKPs) over the Blockstream Satellite. The use of ZKP systems like STARKs would make Bitcoin node synchronization near instant for a fraction of the memory overhead, allowing for greater accessibility and lower hardware requirements to validate the mainchain. This essentially would enable users to run a Bitcoin full node with far less bandwidth, exponentially growing the number of Bitcoin nodes in operation for further decentralization of the network.

On the Blockstream Talk podcast, we spoke with Robin Linus and Lucas George of ZeroSync in length about the far-reaching implications of ZKPs on Blockstream Satellite. Users in emerging economies or rural communities without internet infrastructure would greatly benefit. A member of the community with access to the Blockstream Satellite could act as a hub, resharing and broadcasting the chain proof to establish a kind of subnetwork for Bitcoin. This would give other members of the community near-instant access to the Bitcoin blockchain using low-end hardware like a local network-connected phone or even a web browser.

Aside from lowering the barrier of entry to run your own Bitcoin node, ZKPs on Blockstream Satellite allow for greater cross-chain interoperability and redundancy. This means someone could verify Bitcoin transactions with other blockchains using the chain proof.

The first experimental broadcast is anticipated on Blockstream Satellite by year-end.

Expanding the Liquid Federation

As the technical providers of the Liquid Network, we are vested in seeing the network reach its full potential to bring trust-minimized financial markets and applications to Bitcoin. Encouraging further decentralization of Liquid's federated consensus and governance models is an important part of this strategy, as seen with last year's deployment of DynaFed and the proliferation of the Federation's membership. Another aspect is the maintenance and upkeep of Liquid's three governance boards.

In April, the Liquid Federation concluded its yearly board elections, comprising three distinct boards tasked with various responsibilities vital to its governance structure:

Membership Board: Entrusted with crafting the guidelines for member inclusion or exclusion based on comprehensive assessments and recommendations.

Oversight Board: Responsible for devising internal rules and procedures for committee organization and management, along with monitoring network status.

Technology Board: Collaborates with Blockstream to craft a technical strategy that addresses the needs of Liquid members and users.

We are optimistic about another productive year for Liquid with the newly elected board members, improving the user experience of network participants, and advancing Bitcoin's financial layer.

In June, the Federation welcomed six new members—Bcademy, Boltz Exchange, Equitas Foundation, JAN3, MAVEN, and Mifiel. This recent addition expands the Federation's network to a total of 67 members, encompassing key exchanges, wallet providers, and infrastructure firms in the Bitcoin ecosystem. These partnerships are anticipated to diversify the global member base and usher in new opportunities for Liquid users.

More recently, the Federation announced the open-source release of Liquid's functionary code, fulfilling a long-standing goal. The new code allows anyone to audit the Watchmen and Blocksigner code and create their own Liquid-like network with features like Confidential Transactions and digital asset issuance.

Although Liquid's underlying codebase, Elements, has always been open-source, the additional functionary code release represents an important milestone for Liquid and greater transparency in its ongoing development.

Inaugural Media Briefing

Blockstream's CFO Erik Svenson and CPO Jeff Boortz led our first-ever media briefing, during which they shared updates on our product suite and discussed the company's major milestones. The hour-long online event was attended by several high-profile media outlets, including Fortune, Bloomberg, and Politico. Blockstream CEO Dr. Adam Back also answered questions from journalists during the Q&A segment. He discussed self-custody best practices and shared his perspective on the SEC's recent actions regarding altcoins as unregistered securities, as well as the potential long-term impact on Bitcoin.

During the briefing, we provided a sneak preview of the highly anticipated Cyberhornet—a modular Bitcoin miner designed to be scalable and suitable for enterprise use. The Cyberhornet marks our entry into the Bitcoin mining hardware sector, which began with our acquisition of Israeli mining manufacturer, Spondoolies, in 2021. We will release further details of the Cyberhornet's build and mining capabilities later this year, with a commercial launch planned for Q3 2024.

Please refer to our press release for more information on the Cyberhornet and other announcements made at the media briefing.

https://image.nostr.build/1265b02f3f6f0dd3d25e07e95286acc8e9fd2d73ab58d5ece7b5612c430a5ac9.png A preview of the highly anticipated Cyberhornet—Blockstream's modular Bitcoin miner designed for scalability and enterprise use.

Connecting with Blockstream

If you or your organization are interested in exploring opportunities for collaboration with Blockstream or considering the integration of one of our technologies into your operations, we encourage you to connect with our team through one of the product pages on the main Blockstream site.

For further updates, you can follow us on Twitter @Blockstream, and join the conversation in our Finance, Green, Jade, Lightning, Liquid, and Satellite Telegram channels and the new Build On L2 community platform.

#Nostr global 🇹🇭 #note1t64…dspy

2023-09-07T03:48:02Z

#Nostr global 🇹🇭

quoting note1t64…dspy
สวัสดียามเช้าครับชาว #Siamstr
สำหรับใครที่กำลังหา Nips-05 verify หรือว่าตัวเช็คยืนยันตัวตน
ตอนนี้เรามี www.siamstr.com เพื่อใช้ชาว #ThaiNostrich และทุกคนทั่วโลก
สามารถลงทะเบียน npub ไว้ และรับ name@siamstr.com ไปติดหลังชื่อเราได้ฟรี ๆ
และยังสามารถเลือกได้ว่าจะใช้ที่อยู่นี้เชื่อมกับ LNURL เพื่อรับ Zaps ผ่าน name@siamstr.com ได้อีกด้วย

🤌 #note1855…ea6g

2023-09-06T13:13:01Z

🤌

quoting note1855…ea6g
“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have.

It begins with an overconfident assumption that they know fees won’t be sufficient in the future and that a certain “fix” is going to generate more fees. But some “fixes” could even backfire and create less fees, or introduce bugs, or damage the incentive structure.

The Bitcoin fee market a couple decades out will primarily be a function of adoption or lack thereof. In a world of eight billion people, only a couple hundred million can do an on chain transaction per year, or a bit more with maximal batching. The number of people who could do a monthly transaction is 1/12th of that number. In order to be concerned that bitcoin fees will be too low to prevent censorship in the future, we have to start with the assumption that not many people use bitcoin decades out.

Fedwire has about 100x the gross volume that Bitcoin currently does, with a similar number of transactions. What will Bitcoin’s fee market be if volumes go up 5x or 10x, let alone 50x or 100x? Who wants to raise their hand with a confident model of what bitcoin volumes will be in 2040?

What will someone pay to send a ten million dollar equivalent on chain settlement internationally? $100 in fees per million dollar settlement transaction would be .01%. $300 to get it in a quicker block would be 0.03%. That type of environment can generate tens of billions of dollars of fees annually. The fees that people pay to ship millions of dollars of gold long distances, or to perform a real estate transaction worth millions of dollars, are extremely high. Even if bitcoin is a fraction of that, it would be high by today’s standards. And in a world of billions of people, if nobody wants to pay $100 to send a million dollar settlement bearer asset transaction, then that’s a world where not many people use bitcoin period.

In some months the “security budget” concern trends. In other months, the “fees will be so high that only rich people can transact on chain” concern trends. These are so wildly contradictory and the fact that both are common concerns shows how little we know about the long term future.

I don’t think the fee market can be fixed by gimmicks. Either the network is desirable to use in a couple decades or it’s not. If 3 or 4 decades into bitcoin’s life it can’t generate significant settlement volumes, and gets easily censored due to low fees, then it’s just not a very desirable network at that point for one reason or another.

Some soft forks like covenants can be thoughtfully considered for scaling and fee density, and it’s good for smart developers to always be thinking about low risk improvements to the network that the node network and miners might have a high consensus positive view toward over time. But trying to rush VC-backed softforks, and using security budget FUD to push them, is pretty disingenuous imo.

Anyway, good morning.

Wallpaper rn 🥷

2023-09-06T13:09:37Z

In reply to nevent1q…zn7v
_________________________

Wallpaper rn

🥷

Going to be a wild time. FAFO with 0 censorship global comms 😷 ...

2023-09-02T05:09:02Z

In reply to nevent1q…rpz8
_________________________

Going to be a wild time.

FAFO with 0 censorship global comms 😷

#Nostr x #Bitcoin

PV 📈

2023-09-02T05:02:47Z

In reply to nevent1q…ga6c
_________________________

PV 📈

Profoundly honored to be on this list 🙏

2023-08-25T07:49:02Z

In reply to nevent1q…xzca
_________________________

Profoundly honored to be on this list 🙏

Nice work @npub18m7…q955 x @npub1048…x3nf on the long form ...

2023-08-24T05:57:54Z

Nice work damus (npub18m7…q955) x Habla News (npub1048…x3nf) on the long form posting experience and rendering ⚡️👌

quoting note1v8u…7zvd

Today, we welcome the latest Core Lightning release, v23.08, codenamed Satoshi’s Successor (courtesy of Matt Morehouse). The August 2023 release has such an overwhelming array of changes we are splitting the release announcement into three separate blog posts:

User Experience: new features users have requested.

Developer Experience: new features and enhancements for developers.

Experimental Features: a look into Lightning’s future by enabling experimental options at runtime.

The next two will be shared tomorrow and the following day, so make sure you subscribe below or bookmark the Lightning blog to stay updated.

Lightning Polished and Stable

We uncovered several cases where channels with Eclair and LND nodes could fail, which we have fixed or made compatible. These are rare, but channel breakage is always annoying. There are also a slew of minor fixes and tweaks in the 530 changes since the last release; my favorite is the one where, if the only unexpired invoices you had expired after the year 2038, we would loop forever on old 32-bit platforms (which, yes, we still support!).

We added a new parameter to setchannel called ignorefeelimits, to insulate channels against fee disagreements with peers. We had a previous global setting, but this one can be set or unset on more trusted peers dynamically, and will allow them to set on-chain fee rates even if we think they are wrong. In particular, LND will always re-request the same channel fee even if its fee rate estimate has since changed, so setting this temporarily can “unstick” a channel. It turns out that bitcoind forgets the previous minimum real fee when it restarts, too, so nodes can also get confused from that (this has been fixed for the next Bitcoin release).

We also added Taproot address support, thanks to Greg Sanders: you can issue Taproot addresses for people to send you on-chain funds, and we will immediately use them for our own change outputs. Taproot addresses (i.e., P2TR) start with bcp1 instead of bcq1, just so you know!

Updated Plugins and New Commands

Our pay plugin, which drives payments, has some tweaks to make paying faster and more reliable: this is the first concrete feedback from Christian Decker’s work on Greenlight (Blockstream’s developer preview of our hosted, non-custodial Lightning infrastructure), where he analyzed payment failures on the real network and fed the results back into upstream development. No doubt there will be many more such refinements in future versions! The third installment of the blog series will go into more detail on pay and discuss the new experimental renepay plugin!

To help manage your node, there is a new command to change settings without restarting your node: setconfig. This changes the configuration setting dynamically, and also changes it (with a comment) in the correct configuration file so that it is persistent! This is matched by the power of the update output from listconfigs, which shows you exactly where each configuration setting came from: was it a particular line in a configuration file, the command line, or the default? The setconfig command is currently only used for setting autoclean limits, but this will expand to more settings in future releases as people request them (we also have an open issue you can add to).

Logging got some work, too: you can now add different filters to different log files. For example, you can have one log file for debug-level logging, and another for normal info-level logs. You can also use this to configure more logging for particular peers or plugins.

Thanks to the Summer of Bitcoin work of Aditya Sharma, you can now save and restore your node’s secret key in the new BIP 93 format (aka. codex32). Unlike BIP 39 seed words, this can be done on all nodes, using the hsmtool getcodexsecret command, and your node restored using the - -recover commandline option. This will also gain more abilities in future releases, such as finding and recovering any existing channels and funds you might have. Our BIP 93 strings look like:

cl10leetsllhdmn9m42vcsamx24zrxgs3qrl7ahwvhw4fnzrhve25gvezzyqqjdsjnzedu43ns

They have some amazing ability to recover from errors which we will be exploring in future, but for now, you would have to make more than eight mistakes before there is any chance we would accept it as valid.

Our reckless plugin manager got more powerful: it can install from local copies of plugins, not just GitHub. That brings everyone a little closer to becoming a developer: grab a plugin, change some things, then get reckless to install and start it for you!

▶️ Core Lightning Features (Part 2) with Rusty Russell

Finally, as part of the fallout of the recent Bitcoin fee spike, Bastien Teinturier of ACINQ noticed that one channel closure can cascade to others, if a payment was in progress and fees increase markedly. We now handle this case more carefully and will sacrifice a not-worthwhile payment on an outgoing closed channel, to avoid causing incoming channels to fail. This should contain the damage on any unilateral channel close in the future!

Join the CLN Community

As always, we want to give a special shoutout to all the contributors (31 for the v23.08 release) who continue to help us improve CLN with every update. We are grateful for your support; the new release was only possible with your dedication and feedback.

Let us know what you like or what we could improve by starting a thread on Build On L2. We also have special developer and node runner pages to help facilitate long-form discussion. It is free to sign up, and nyms are more than welcome!

⚡️

2023-08-24T01:56:47Z

In reply to nevent1q…zg5r
_________________________

⚡️

“What are relays for” 6mo 😅

2023-08-24T01:56:38Z

In reply to nevent1q…zg5r
_________________________

“What are relays for”

6mo 😅

🤣

2023-08-24T01:56:02Z

In reply to nevent1q…elfu
_________________________

🤣

Too good @npub1u0z…rf2a ...

2023-08-24T01:55:08Z

Too good nobody (npub1u0z…rf2a) 😂🙇🙇🏻‍♂️🙇🙇🏻‍♂️

quoting note1yeq…zsed
Every time i zap you 7 sats, 7 more go to damus (npub18m7…q955)

⚡️🥰

2023-08-24T01:54:11Z

In reply to nevent1q…669p
_________________________

⚡️🥰

#Bitcoin tool kit 🌊 #note1lun…nm5y

2023-08-23T03:24:00Z

#Bitcoin tool kit 🌊

quoting note1lun…nm5y
Share this post on Nostr to get zapped and drop your npub in the livestream comments on the day to stack more zaps!

Following up the open-sourcing of its Watchmen and Blocksigner code the Liquid engineering team is hosting a community discussion on Thursday in the #BuildOnL2 community.

Join us! ⬇️
https://community.liquid.net/c/events/ama-liquid-functionary-code-goes-foss

Nostr event nevent1qqsd3nk24nlg9xlav2f5a2wap6h5qx8xjaa3yeqeyaepnwmzp3356nszypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wswmu4a0

2023-08-22T15:15:51Z

LNBC10U1PJWF5G5DQQPP5QK88ATSK38E8ZYRR0WG5G0M0P8STT4ZTY8RNV29SHF8K9ZSE5UYQXQYJW5QSP5AHZ9UV2S00GP7L052KKSMJLW9JLZMZA58KN47QLMAJLWYQLEW39S9QRSGQCQPXRZJQTYPRET4HCKLGLVTFRDT85L3EXC0DCTDP4QTTMTCY5ES3LPT6UTSM9AGX2K443AJTVQQQQLGQQQQQZSQYGEFL4T7W3XNCDFMMP9RME5SP7PX63EKSL6UWCVMVATCMP7R0F4HLQM7U8E47KLXAKN3E2MJQWNMAED2P4NKJZDYZ29LQ7CWVJ9JSYUJSPA2ZJV2

Nostr event nevent1qqsdxy683gn9d6nlapj5ucvf48x56xakvq0udagfpk658e7evqhvrpgzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9ws990daj

2023-08-20T03:16:59Z

🇹🇭

🧐 #note1uhq…8edm

2023-08-15T09:12:53Z

🧐

quoting note1uhq…8edm
perform trustless swaps with Boltz - Non-Custodial Bitcoin Bridge (npub1psm…8970) from your kyc exchange to your custody (preferably a lightning wallet; imagine cash app to alby) then Boltz Exchange to swap to liquid, then on liquid boltz exchange to cold storage or peg out to cold storage using an elements node or sideswap. viola kyc free sats in cold storage from cash app spending less than 1k sats.

• Greenlight • ...

2023-08-13T12:18:06Z

• Greenlight •

Based take.

2023-08-10T03:01:18Z

In reply to nevent1q…7w0a
_________________________

Based take.

Nostr event nevent1qqswcy2k6jxczuqhdhy8sx2n0ylh6eemlu43gmhxtagvwhd740n3mlqzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsq780j6

2023-08-10T03:00:51Z

Nostr event nevent1qqsrjs7h72g0wrheg8dcfpzhgkpuhdl5jxfvtchsr0pljd99qycqyjczypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9ws3a4tss

2023-08-08T01:03:30Z

In reply to nevent1q…an6w
_________________________

https://help.blockstream.com/hc/en-us/articles/7916441689881-How-do-I-check-my-Jade-recovery-phrase-backup-

“Online”? Nah Verify/check your seedphrase ⬇️ ...

2023-08-08T01:02:53Z

In reply to nevent1q…3wfd
_________________________

“Online”? Nah

Verify/check your seedphrase

⬇️

https://help.blockstream.com/hc/en-us/articles/7916441689881-How-do-I-check-my-Jade-recovery-phrase-backup-

Nostr event nevent1qqs83j0278tzl2x0taw223wyrq0w3csfatdjra2cyrrsc6ql8wdw2eqzypxr9mfxjuke44mlmuwzp73mmzwrdt5xhl0ypnha3kgg6jq2tm9wsjq02e3

2023-08-08T01:01:38Z

In reply to nevent1q…sz5j
_________________________

https://help.blockstream.com/hc/en-us/articles/7916441689881-How-do-I-check-my-Jade-recovery-phrase-backup-

Verify your seed phrase=Do what you do to make sure your #bitcoin ...

2023-08-08T01:00:28Z

In reply to nevent1q…an6w
_________________________

Verify your seed phrase=Do what you do to make sure your #bitcoin stack is secure.

Go eyeball/verify your seedphrase before doing things.

🥹🙏

2023-08-08T00:58:04Z

In reply to nevent1q…damj
_________________________

🥹🙏

Soon™️

2023-08-03T10:50:28Z

In reply to nevent1q…wa2s
_________________________

Soon™️

Even if your Jade is physically compromised key material is ...

2023-08-03T10:50:17Z

In reply to nevent1q…e9t9
_________________________

Even if your Jade is physically compromised key material is heavily encrypted on device and can only be decrypted with the right pin.

https://youtu.be/ad3titeu9uY

Going with @npub1fl7…eknp for the moment #8b48d4 ...

2023-08-03T01:05:34Z

In reply to nevent1q…4260
_________________________

Going with Sovereign Matt (npub1fl7…eknp) for the moment

#8b48d4

https://github.com/SovrynMatt/Nostr-Website-Button-Design

⚡️

2023-08-03T01:02:39Z

In reply to nevent1q…8dnf
_________________________

⚡️

@npub1z4m…na6p what is Nostr purple hex color?

2023-08-03T01:00:34Z

Change this if you want (npub1z4m…na6p) what is Nostr purple hex color?

On the next round hopefully 🥹

2023-08-02T23:36:02Z

In reply to nevent1q…uy4m
_________________________

On the next round hopefully 🥹

The beginning?

2023-07-31T11:48:23Z

In reply to nevent1q…z9zj
_________________________

The beginning?

How is the Nostrverse approaching podcasting? What do I need to ...

2023-07-31T11:47:06Z

How is the Nostrverse approaching podcasting?

What do I need to know about?

Thank you for this awesome tool. When did you launch. Got some ...

2023-07-31T11:46:23Z

In reply to nevent1q…jacy
_________________________

Thank you for this awesome tool. When did you launch.

Got some big plans with zap.stream 📈

It’s a matter of connecting the OBS scene to zap.stream. ...

2023-07-31T11:45:42Z

In reply to nevent1q…erup
_________________________

It’s a matter of connecting the OBS scene to zap.stream. That’s where I’m up to.

Will work on it tomorrow. Transferring stream keys etc

So very cool to catch up with you here after connecting on live ...

2023-07-31T11:44:31Z

In reply to nevent1q…ua2c
_________________________

So very cool to catch up with you here after connecting on live stream!

Cool I will spend some time on this tomorrow. Working with OBS but will look into your suggestion.

This looks awesome but I want to know more 😅 @npub1r0r…q9ac ...

2023-07-31T06:44:01Z

This looks awesome but I want to know more 😅 holokat (npub1r0r…q9ac)

Can you demo starting from setting up a stream in OBS to connecting to zap.stream?

🏞 Want to be able to zap.stream an already produced video, like a podcast on repeat 24/7
💻 Want to be able to zap.stream live events happening on other platform

https://youtu.be/TVPX8aHxQvg

😅 thanks for that

2023-07-20T23:17:03Z

In reply to nevent1q…0dyj
_________________________

😅 thanks for that

⚡️

2023-07-20T11:17:58Z

In reply to nevent1q…tqlw
_________________________

⚡️

#naddr1qq…x2t7

2023-07-20T05:52:06Z

quoting naddr1qq…x2t7

Growing evidence suggests, however, there is no ‘one size fits all’ approach but rather many complementary protocols, each addressing different problems and catering to specific use cases and markets.

In this edition of Layer-2 Roundup, we look at some of these second-layer protocols in detail. Among other things, we will explore their interoperability (or lack thereof) and the projects using these solutions to promote mass adoption. We will also look at some of the various growing pains experienced so far, as seen recently as a result of May’s high-fee market environment.

Choosing the Right Tool for the Job

Each second layer addresses a unique set of limitations inherent in the mainchain, such as the lack of high transaction throughput, privacy, or the ability to issue assets. For example, if you want to send a friend a small amount of sats and value affordability and speed, Lightning is likely the best option. Whereas if you are a financial institution wanting to issue an asset like a bond or digital security, it makes more sense to use Liquid.

https://cdn.nostr.build/i/5fdbca0ff4cd19d5cccd049387d495812a91b45fafd5e9a4c899eb7478611378.png

There are also varying tradeoffs when using each solution that may affect a user’s decision to opt in, like Lightning’s liquidity constraints or the trust requirements (albeit distributed) seen with federated models, such as Liquid and Fedimint. As creator Burak has openly shared, even the newest addition to the layer-2 landscape, Ark, has tradeoffs with the mainchain and other L2s.

Like the old analogy of 'choosing the right tool for the job,' in a hyperbitcoinized world, users can expect to have a toolkit of L2s at their disposal, with different capabilities and tradeoffs.

Increasing Interoperability

Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption. For example, by running Lightning on top of Liquid, users gain greater privacy, additional liquidity, and cheaper fees (and much more, as we will explore later).

While both Liquid and Lightning networks operate independently, they are complementary and interoperable, offering a secure, alternative method to stacking sats or a more cost-effective option to Lightning channel rebalancing, especially when fees are high on the mainchain.

Elements, the open-source codebase that Liquid is built on, is designed to be as close to parity with Bitcoin Core as possible. This not only offers some nice security guarantees (since any bug fix or performance improvement upstream in Bitcoin can be merged into Elements) but also greater interoperability with other L2s, given that its design functions very similarly to Bitcoin.

Connecting the Second Layer with Lightning

The basis of Lightning is its network of payment channels, which are fundamentally made possible through Bitcoin's Unspent Transaction Outputs (UTXOs) in conjunction with Lightning's Hashed Timelock Contracts (HTLCs). The UTXO model allows certain script conditions, and hash puzzles and time constraints to be encoded in the transaction for payment to be securely routed across Lightning.

One of the many design features that Liquid inherits from Bitcoin is its UTXO model. This compatibility allows Lightning's HTLCs to function with Liquid Bitcoin (L-BTC) in a manner similar to how they function with Bitcoin, enabling the payment network to operate on top of Liquid. Note that this Lightning Network on Liquid would run as a separate network but with all the advantages of Liquid as its underlying chain (e.g., Confidential Transactions and deterministic blocks). You could even bridge the two networks if you ran both—one on top of Bitcoin, the other on Liquid—for greater cross-platform compatibility. The payments remain end-to-end secure since both use the HTLC construction. The bridge, however, gets to dictate a dynamic exchange rate if the two assets being transferred are different, which is not an issue when transferring BTC and L-BTC since they are pegged.

Lightning's inherent decentralization, wide adoption, and compatibility with UTXO-based technologies could position it as the connective tissue between each L2. It could act as a primary hub for new protocols seeking to bridge to existing ones, helping to avoid the chicken-and-egg problem of adoption that has plagued new protocols in the past.

This thesis has begun to play out more recently, with several big-name exchanges adding Lightning and swap platforms incorporating Liquid with Lightning to leverage the benefits of both protocols.

Unfairly Cheap with Lightning and Liquid

In early May, on-chain Bitcoin transaction costs surged due to network congestion, resulting in the highest fees seen in nearly two years. This affected major exchanges like Binance and Coinbase, and even some Lightning-compatible wallets like Muun, pricing some users out of the market entirely. This week-long episode underscored the importance of hardening scalability solutions like Lightning, which have so far relied on mainchain transactions to keep liquidity balanced. The event also raised awareness of the powerful benefits of using layer-2 technologies together, especially when fees on Bitcoin's mainchain are not only high but also volatile.

One of the new products in-market driven by this episode is the use of Liquid submarine swaps by Boltz to offer cheap Lightning channel liquidity to its users. As opening a Lightning channel requires an on-chain transaction and many users rely on the mainchain to add liquidity to their Lightning node, costs can quickly add up in high-fee conditions. By using the Liquid sidechain instead of the Bitcoin mainchain as the underlying liquidity source, users can rebalance their Lightning channels independently from the congested mainchain mempool—and do so without losing self-custody of their funds, thanks to the atomic nature of the swap.

In a high-fee scenario, users can expect upwards of 99% savings using the Liquid swap feature. Boltz intends to expand the scope of their Liquid integration by building an L-BTC <> BTC chain-to-chain atomic swap for trustless peg-outs—the first of its kind.

You can read more about Boltz's decision to add Liquid and why in their write-up here.

📺 Lightning Channel Rebalancing with Liquid Bitcoin on boltz.exchange

Another option for users is the self-hosted rebalancing protocol PeerSwap, which allows Lightning node operators to rebalance their channels with peers directly using BTC and L-BTC atomic swaps. This setup eliminates the need for a third-party coordinator for even greater savings and allows smaller nodes to better compete with larger ones. PeerSwap is currently available for both CLN and LND implementations.

The story does not end there, though. In addition to provisioning Lightning liquidity with Liquid, users turned to Lightning <> Liquid swaps to stack sats (and humbly, I might add). Many used a cheap starting point like Strike, Cash App, or some other fiat on-ramp to buy Lightning Bitcoin (LN-BTC) directly and then moved to one of the growing number of Lightning to Liquid swap services like Boltz, SideShift, or Classic CoinOs to convert to L-BTC to HODL for the mid-term. So, why would anyone HODL in L-BTC rather than LN-BTC? Unlike with Lightning, Liquid assets can be self-custodied offline in cold storage, like on a hardware device such as Jade. This setup is better for HODLing over a longer time frame—another difference to consider when deciding what layer-2 solution is best for you and your specific use case.

The Emergence of the Bitcoin Superapp

Some builders are already working on improving the Bitcoin layer-2 user experience by directly integrating swaps and multi-protocol support into their app offerings.

For example, the Blockstream Green team is in the final stages of adding Lightning capability via Greenlight, giving Bitcoiners the ability to self-custody mainchain, Liquid, and Lightning all in one app. Green, SideSwap, and the soon-to-be rereleased version of the AQUA wallet also plan to incorporate in-app Lightning <> Liquid swaps using the Boltz API.

Wallby, a newly anointed Bitcoin ‘superapp,’ supports the custody of mainchain, Liquid, and Rootstock, with further plans to add Lightning and RGB. The Wallby team is also placing emphasis on features. For instance, users can already add bitcoin and other digital assets to liquidity pools and earn interest through an automated market maker (AMM), with the ability to lend and borrow peer-to-peer and perform cross-chain swaps also on the way.

The emergence of these Bitcoin superapps and new features like in-app swaps prioritizes improving user experience, something the Bitcoin space is notoriously bad at (to the point it has become a running meme). This pivot and Lightning's maturation as a sort of lingua franca of Bitcoin will be a crucial part of the strategy for increasing layer-2 interoperability and facilitating mass adoption. Each protocol will have a unique place in the hyperbitcoinization story, ending in a second layer that is stronger than each individual protocol on its own.

https://habla.news/u/blockstream@nostrpurple.com/1689808244777

2023-07-20T05:51:09Z

https://habla.news/u/blockstream@nostrpurple.com/1689808244777

@npub1k3r…f820 😈 ...

2023-07-19T23:56:16Z

btcandres (npub1k3r…f820) 😈

#BitcoinEnUnMinuto #Plebchain

quoting note1382…7lxu
NFP. Non-Fungible Plants. 🌱 A ver si caes también.
Esto fue #BitcoinEnUnMinuto

New #LAYER2ROUNDUP by @npub1478…lr8c ⚡️🌊 ...

2023-07-19T23:45:40Z

New #LAYER2ROUNDUP by prochronist (npub1478…lr8c) ⚡️🌊

nostr:Habla News (npub1048…x3nf) getting nice & damus (npub18m7…q955) with the burgeoning long form post render 📈

quoting note1myt…aa0e

Growing evidence suggests, however, there is no ‘one size fits all’ approach but rather many complementary protocols, each addressing different problems and catering to specific use cases and markets.

In this edition of Layer-2 Roundup, we look at some of these second-layer protocols in detail. Among other things, we will explore their interoperability (or lack thereof) and the projects using these solutions to promote mass adoption. We will also look at some of the various growing pains experienced so far, as seen recently as a result of May’s high-fee market environment.

Choosing the Right Tool for the Job

Each second layer addresses a unique set of limitations inherent in the mainchain, such as the lack of high transaction throughput, privacy, or the ability to issue assets. For example, if you want to send a friend a small amount of sats and value affordability and speed, Lightning is likely the best option. Whereas if you are a financial institution wanting to issue an asset like a bond or digital security, it makes more sense to use Liquid.

https://cdn.nostr.build/i/5fdbca0ff4cd19d5cccd049387d495812a91b45fafd5e9a4c899eb7478611378.png

There are also varying tradeoffs when using each solution that may affect a user’s decision to opt in, like Lightning’s liquidity constraints or the trust requirements (albeit distributed) seen with federated models, such as Liquid and Fedimint. As creator Burak has openly shared, even the newest addition to the layer-2 landscape, Ark, has tradeoffs with the mainchain and other L2s.

Like the old analogy of 'choosing the right tool for the job,' in a hyperbitcoinized world, users can expect to have a toolkit of L2s at their disposal, with different capabilities and tradeoffs.

Increasing Interoperability

Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves. A second layer, where end-users can leverage several protocols together and move seamlessly between them, creates a healthier, more resilient financial system and an overall better user experience—both essential for mass adoption. For example, by running Lightning on top of Liquid, users gain greater privacy, additional liquidity, and cheaper fees (and much more, as we will explore later).

While both Liquid and Lightning networks operate independently, they are complementary and interoperable, offering a secure, alternative method to stacking sats or a more cost-effective option to Lightning channel rebalancing, especially when fees are high on the mainchain.

Elements, the open-source codebase that Liquid is built on, is designed to be as close to parity with Bitcoin Core as possible. This not only offers some nice security guarantees (since any bug fix or performance improvement upstream in Bitcoin can be merged into Elements) but also greater interoperability with other L2s, given that its design functions very similarly to Bitcoin.

Connecting the Second Layer with Lightning

The basis of Lightning is its network of payment channels, which are fundamentally made possible through Bitcoin's Unspent Transaction Outputs (UTXOs) in conjunction with Lightning's Hashed Timelock Contracts (HTLCs). The UTXO model allows certain script conditions, and hash puzzles and time constraints to be encoded in the transaction for payment to be securely routed across Lightning.

One of the many design features that Liquid inherits from Bitcoin is its UTXO model. This compatibility allows Lightning's HTLCs to function with Liquid Bitcoin (L-BTC) in a manner similar to how they function with Bitcoin, enabling the payment network to operate on top of Liquid. Note that this Lightning Network on Liquid would run as a separate network but with all the advantages of Liquid as its underlying chain (e.g., Confidential Transactions and deterministic blocks). You could even bridge the two networks if you ran both—one on top of Bitcoin, the other on Liquid—for greater cross-platform compatibility. The payments remain end-to-end secure since both use the HTLC construction. The bridge, however, gets to dictate a dynamic exchange rate if the two assets being transferred are different, which is not an issue when transferring BTC and L-BTC since they are pegged.

Lightning's inherent decentralization, wide adoption, and compatibility with UTXO-based technologies could position it as the connective tissue between each L2. It could act as a primary hub for new protocols seeking to bridge to existing ones, helping to avoid the chicken-and-egg problem of adoption that has plagued new protocols in the past.

This thesis has begun to play out more recently, with several big-name exchanges adding Lightning and swap platforms incorporating Liquid with Lightning to leverage the benefits of both protocols.

Unfairly Cheap with Lightning and Liquid

In early May, on-chain Bitcoin transaction costs surged due to network congestion, resulting in the highest fees seen in nearly two years. This affected major exchanges like Binance and Coinbase, and even some Lightning-compatible wallets like Muun, pricing some users out of the market entirely. This week-long episode underscored the importance of hardening scalability solutions like Lightning, which have so far relied on mainchain transactions to keep liquidity balanced. The event also raised awareness of the powerful benefits of using layer-2 technologies together, especially when fees on Bitcoin's mainchain are not only high but also volatile.

One of the new products in-market driven by this episode is the use of Liquid submarine swaps by Boltz to offer cheap Lightning channel liquidity to its users. As opening a Lightning channel requires an on-chain transaction and many users rely on the mainchain to add liquidity to their Lightning node, costs can quickly add up in high-fee conditions. By using the Liquid sidechain instead of the Bitcoin mainchain as the underlying liquidity source, users can rebalance their Lightning channels independently from the congested mainchain mempool—and do so without losing self-custody of their funds, thanks to the atomic nature of the swap.

In a high-fee scenario, users can expect upwards of 99% savings using the Liquid swap feature. Boltz intends to expand the scope of their Liquid integration by building an L-BTC <> BTC chain-to-chain atomic swap for trustless peg-outs—the first of its kind.

You can read more about Boltz's decision to add Liquid and why in their write-up here.

📺 Lightning Channel Rebalancing with Liquid Bitcoin on boltz.exchange

Another option for users is the self-hosted rebalancing protocol PeerSwap, which allows Lightning node operators to rebalance their channels with peers directly using BTC and L-BTC atomic swaps. This setup eliminates the need for a third-party coordinator for even greater savings and allows smaller nodes to better compete with larger ones. PeerSwap is currently available for both CLN and LND implementations.

The story does not end there, though. In addition to provisioning Lightning liquidity with Liquid, users turned to Lightning <> Liquid swaps to stack sats (and humbly, I might add). Many used a cheap starting point like Strike, Cash App, or some other fiat on-ramp to buy Lightning Bitcoin (LN-BTC) directly and then moved to one of the growing number of Lightning to Liquid swap services like Boltz, SideShift, or Classic CoinOs to convert to L-BTC to HODL for the mid-term. So, why would anyone HODL in L-BTC rather than LN-BTC? Unlike with Lightning, Liquid assets can be self-custodied offline in cold storage, like on a hardware device such as Jade. This setup is better for HODLing over a longer time frame—another difference to consider when deciding what layer-2 solution is best for you and your specific use case.

The Emergence of the Bitcoin Superapp

Some builders are already working on improving the Bitcoin layer-2 user experience by directly integrating swaps and multi-protocol support into their app offerings.

For example, the Blockstream Green team is in the final stages of adding Lightning capability via Greenlight, giving Bitcoiners the ability to self-custody mainchain, Liquid, and Lightning all in one app. Green, SideSwap, and the soon-to-be rereleased version of the AQUA wallet also plan to incorporate in-app Lightning <> Liquid swaps using the Boltz API.

Wallby, a newly anointed Bitcoin ‘superapp,’ supports the custody of mainchain, Liquid, and Rootstock, with further plans to add Lightning and RGB. The Wallby team is also placing emphasis on features. For instance, users can already add bitcoin and other digital assets to liquidity pools and earn interest through an automated market maker (AMM), with the ability to lend and borrow peer-to-peer and perform cross-chain swaps also on the way.

The emergence of these Bitcoin superapps and new features like in-app swaps prioritizes improving user experience, something the Bitcoin space is notoriously bad at (to the point it has become a running meme). This pivot and Lightning's maturation as a sort of lingua franca of Bitcoin will be a crucial part of the strategy for increasing layer-2 interoperability and facilitating mass adoption. Each protocol will have a unique place in the hyperbitcoinization story, ending in a second layer that is stronger than each individual protocol on its own.

#Plebchain #BlockstreamJade DIY #note175s…rmhe

2023-07-18T12:14:41Z

#Plebchain #BlockstreamJade DIY

quoting note175s…rmhe
Join Crypto Guide as he emphasizes the vital role #Bitcoin & DIY #BlockstreamJade hardware wallets play as a lifeline for individuals in regions where preserving value in local currencies is difficult.

#SovereignStories

https://youtube.com/shorts/5ODrRda36D4

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2023-07-18T06:24:12Z

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Neeeeed

2023-07-18T06:24:00Z

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Neeeeed

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2023-07-18T06:23:00Z

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2023-07-18T05:37:55Z

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2023-07-18T05:37:08Z

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Love this idea ⚡️

2023-07-18T00:55:05Z

In reply to nevent1q…s6c7
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Love this idea ⚡️

Zapple Pay is even an improvement to my own UX! Sorry for all the ...

2023-07-18T00:46:20Z

In reply to nevent1q…am6l
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Zapple Pay is even an improvement to my own UX!

Sorry for all the ⚡️ not!

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2023-07-18T00:44:47Z

In reply to nevent1q…fpcf
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This is incredible!!! 📈 #note13rf…7gcg

2023-07-18T00:20:00Z

This is incredible!!! 📈

quoting note13rf…7gcg
Soapbox has been awarded a grant by OpenSats! I've stepped down as Head of Engineering at Truth Social to pursue this mission full time. https://soapbox.pub/blog/soapbox-awarded-grant/

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2023-07-18T00:19:18Z

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2023-07-18T00:18:10Z

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This is it! ⚡️ #note1qzq…vjqv

2023-07-17T23:54:10Z

This is it! ⚡️

quoting note1qzq…vjqv
“Freedom dies by people just taking a little bit more and a little bit more…we just end up in a situation people are like ‘How the fuck did we end up here?’ And at some point down the line you have to practice civil disobedience and say: ‘No, I will not fucking comply.’”

https://www.whatbitcoindid.com/podcast/bitcoin-nostr-freedom-tech

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2023-07-17T23:53:39Z

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2023-07-17T23:50:25Z

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2023-07-17T23:50:21Z

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@npub18m7…q955 re takes the lead on my mobile iOS thanks to ...

2023-07-17T23:45:50Z

damus (npub18m7…q955) re takes the lead on my mobile iOS thanks to #ZapplePay! ⚡️

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2023-07-17T23:44:35Z

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2023-07-17T23:44:07Z

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2023-07-17T23:43:01Z

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2023-07-17T23:42:02Z

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2023-07-17T23:41:34Z

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