Exciting news from ACINQ team just dropped on bird site, see below: All the goodness of @PhoenixWallet, available to developers! - self-custodial, no signup - lightweight, native binaries - NO configuration - fully automated liquidity - easy http api https://phoenix.acinq.co/server #Bitcoin #LightningNetwork FULLY automated liquidity Get "infinite inbound" from the largest and most liquid node in the network. No headaches for merchants or other receive-heavy use cases. Effective receive fee is as low as ~1% ➡️ All details here: https://phoenix.acinq.co/server/auto-liquidity Absolutely NO configuration no channel management no peer management no liquidity management no firewall configuration ➡️ Get started in seconds: https://phoenix.acinq.co/server/get-started Lightweight & native phoenixd is compiled to native binaries for linux, mac (x86 & arm) and windows (wsl). Phoenix was already fast on mobile, but on server it flies!

Check out this post from ACINQ on the new "Swaproot" system that lowers swap-in fees and increases privacy using Taproot/MuSig!

ACINQ | Swaproot: cheaper and more private on-chain deposits on Phoenix

ACINQ is a Bitcoin technology company with a focus on the Lightning Network.

A normy friend, who isn't in to Bitcoin, independently sent me this @Lyn Alden interview to watch today and was listening to the audiobook of Broken Money without me suggesting it. <it's happening meme>

"Sorted Wallet" is a fully custodial shitcoin app that runs natively on KaiOS feature phones. They had 50,000 installs in their first 6 month last year (2023). Africa in particular has a large base of feature phone users and there does not seem to be any barriers to deploying "crypto wallets" on their app stores. Current apps seem to be built with js but the KaiOS roadmap is to support WebAssembly, which would unlock the possiblity of building efficient Rust apps with the full Bitcoin-Rust stack. Is there anyone developing a non-custodial Bitcoin only app for KaiOS? Rust can target asm.js which should run on most KaiOS phones, so development with the Bitcoin-Rust stack is possible - even if it might not be as secure or efficient as Wasm.

Sorted - The World's Most Accessible Wallet

The world’s most accessible wallet for feature phones & low-powered smartphones. Use Bitcoin & USDt to send, pay, & cash out — no hidden fees.

KaiOS.dev

[Guest Post] Building a Crypto Wallet on KaiOS

Navigating the Challenges of Building a Crypto Wallet on KaiOS

#KaiOS #Rust #Africa

What are your thoughts on the SC agreeing to take the social media moderation cases? Will their decision impact nostr relays? users?

SCOTUSblog

Social media content moderation laws come before Supreme Court

Once again, the relationship between the government and social media will headline arguments at the Supreme Court on Monday. NetChoice v. Paxton an...

I find myself in the awkward position of agreeing with the NYT and opposing any laws that categorize social media companies like FB and Twitter as some sort of common carriers.. I want them to burn in a 🔥, not because they are biased and censor alt views, but because they suck. I think they should also not have any more legal protection than publishers do when they publish slander, promote illegal investment schemes or post copyrighted cat videos. You can't have the right to censorship without also taking the responsibility that comes with it. My only concern is how such a ruling would impact Nostr relays. Perhaps we'll need to add some mechanism to make it impossible for relays to censor so that they are not in the same category as publishers.

"Everyone is talking about Covenants as the next important upgrade to Bitcoin. But what happened to Schorr Cross Signature Input Aggregation (CISA)" An excellent question, answered by @n1ckler here:

GitHub

GitHub - BlockstreamResearch/cross-input-aggregation: Thoughts on cross-input (signature) aggregation for Bitcoin

Thoughts on cross-input (signature) aggregation for Bitcoin - BlockstreamResearch/cross-input-aggregation

Great article from @Arceris on the possible legal challenges to the EIAs absurd request for information from US Bitcoin miners.

Bitcoin Magazine

Resisting The EIA: One Possible Playbook

A dissection of the potential legal avenues available for mining industry participants to challenge the EIA emergency survey.

What is the development budget for TCPIP? Ethernet? it's not zero. Companies around the world pay employees to participate in maintaining the code that implements these protocols. They also pay people to participate in standards committees to make changes around the edges of these protocols, though not to change their fundamental behavior. If these Internet protocols were more complex the development budget would have to be correspondingly larger and might not be enough to rapidly adapt the protocol to new situations. Current internet protocols initially beat out more centralized, complex and (arguably) featureful protocols partially because of their simplicity. I'm happy to see industries supporting Bitcoin development and there is a huge unmet need for more full time support, but keeping the code and protocol simple is a way to prevent reliance on these funding sources and from centralized funding sources controlling the protocol.

https://image.nostr.build/7564efb08b38b749da505230ff13b5b0c4c4849154a2f6ca08b7ba55a5831935.jpg#m=image%2Fjpeg&dim=1152x896&blurhash=%23QC%3Fr%5Eayt7t7%7Eqxu%25Mj%5B%3Fb-%3BayM%7Bj%5B%25Mj%5BRjfRayazayj%5BofofWBj%5Bt7ayRjayt7ayRjj%5Bj%5Bofj%5BRjj%5BogWBayfQWBofofj%5BayayofofWBRjoft7WBayofj%5BWBofj%5BWBof&x=9ad5eb361f159281653456decb6e156282b98b55789876c7d058342928b820e0 Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments. -- Ayn Rand, 1962

In recent discussions around proposed soft-forks I am most attracted to the goal of creating a way to share ownership of a UTXO. This was one of the things that APO would enable via multiparty channels (aka channel factories), but with caveats. Multiparty channels are rarely discussed as the primary feature of APO because there are tremendous technical hurdles that need to be solved to scale up multiparty channels. Instead APO work has focused on the more near term advantage of simplifed and safer lightning channels. Any proposal that claims to enable shared UTXO ownership among large groups has significant details to discuss and problems to solve. I hope this current wave of soft-fork discussions will lead to a technical consensus around a proposal that can enable shared UTXO ownership. We're not there yet though.

"@Isabel_Schnabel: The ECB is very unlikely to ever buy Bitcoin. #AskECB"

X (formerly Twitter)

European Central Bank (@ecb) on X

🇪🇺@Isabel_Schnabel: The ECB is very unlikely to ever buy Bitcoin. #AskECB

https://image.nostr.build/69d34d7b9ce675de92246e6d6523dfb97ad2294d7fce102cc4de3d0e33f2c1b9.jpg#m=image%2Fjpeg&dim=736x455&blurhash=rWIqcM-nxsx%5BxsWBNH%251xae-WBsnM%7CjZR%2Bofayay.TM%7Da%23agNGofs%3ARkRkt6t6WXoJf%2Bt6fkbHs%3AjFo0NGjsR*jFWBs.ayt7kCWWfkj%5Bj%5BWCj%5BWW&x=560497c111983f74968fff265ff0c614b78e8271fe4193596431638893375fe4

@instagibbs posting pure signal about his LN-Symetry (aka eltoo) work. His in-depth implementation has yielded useful details about this long talked about Lightning channel design and added support for the research on pinning prevention via V3 transactions. This is how you build consensus for a soft-fork. Measure twice, cut once.

Delving Bitcoin

LN-Symmetry Project Recap

LN-Symmetry Project ln-symmetry started with a simple idea: Someone should take the eltoo idea and take it as far as possible to prove out the conc...

Fiat payment rails are such a shitshow.🤬 I tried for an hour to buy an xmas gift on Sony's PlayStation Store and they wouldn't take my dirty fiat via credit cards or even using traitorous Paypal. I had to eventually break down and buy a gift card from @npub18tcc...2nxx with some precious sats. Using ⚡ took only 5 min to buy/redeem/purchase my gift game. 😎 Nostr delivery of the gift card was a nice touch also.