@salvatoshi I haven't checked this yet, but it seems it is similar to MATT in that it has a game-theory part. I wonder how it is done with no need for a new opcode, and how does this relate to MATT...
@SomsenRuben For sure an SP-aware node/wallet is the right solution. I had in mind this as an interim solution, while there is little wallet support, to facilitate initial adoption & development. It may be easier to make a standalone forwarder than to add support in a complex wallet.
@SomsenRuben An idea: SP Forwarder. A separate app, holds the scanning/spending keys, scans TXs (from own node). For new payments it forwards to a ‘regular’ address (xpub-based). Forwarded payments can be processed with any usual wallet.
Any obvious Privacy/security drawbacks?
@SomsenRuben
@watermaniak It's a bit early :)
But I just compiled modified LDK, modified ldk-sample to expose splice command, connect two ldk-sample nodes, and do a splice.
@callebtc One shuold include the 'punch distance' dimension in such a discussion. A good compromise is a federation of a few persons whom you can punch in case of problems (ie not random)
The fiat world decline is accelerating. It is very deceptive. Because of the technological advancement, we're not going back in time, we're definitely going forward, yet in many aspects, the fiat world can't operate and is in the state of coma, approaching clinical death.
Many people are running away, but because there is no single place where this decline does not happen, it feels like running around.
The only place that feels like healthily growing and ascending is the dark forest - a lunarpunk refuge for creativity.
It's not fiat based, it is anonymity based, which replaces status games with value creation games. And because there's no fiat rulers or central bankers, it feels like a place where productive people can find refuge.
If they can find the moon illuminated path to the dark forest. Led by courage and curiosity.
I'm not saying all is perfect in the dark forest, it's still small and small things easily grow fast. But it's the most fascinating place to be right now...
Surveillance is now the norm. Scraps of data, each harmless on its own, are assembled, synthesized, traded, and sold, eroding our freedoms one byte at a time.
Privacy is a human right, but no one is going to protect you other than yourself. Take action: https://t.co/OGGqyFapP1
Hey @dusty_daemon, father of Splicing, could you help me?
Is there a LN message sequence diagram of Splicing available somewhere (happy path use case)?
Is there some kind of discussion channel dedicated to Splicing dev?
Are you aware of any ongoing splicing dev activities in LDK?
@callebtc No.
'Entropy' is the 1-to-1 binary version of the mnemonic (12x11+4 or 24x11+8 bits).
But 'seed' is derived one-way from entropy, reverse operation is not possible.
To be confusing, entropy is sometimes called seed also...
See e.g. 'mnemonic_to_seed'
https://t.co/fRfWiuNI1z
In my keynote address at @BtcPrague I discussed the impact of monetary inflation on wealth preservation, the investment challenges we all face, the defects of various monetary instruments, and why #Bitcoin is the best global solution for those in search of a Store of Value.