SwBratcher on Nostr: Spent some time reading about silent payments with BitBox—very much looking forward ...
Spent some time reading about silent payments with BitBox—very much looking forward to this, but they aren’t real yet for broadly applied purposes.
Yes, they let you hand out a single address that never reuses outputs. Great for privacy. But the rub: the sender has to know to send a silent payment and their wallet needs to support the procedure.
Right now, BitBox can receive, but unless the sender is using a wallet that knows what to do (like BitBox itself), the transaction will fail. A Bitcoin wallet that hasn’t also adopted silent payments won’t cut it—it won’t do the cryptographic handshake needed.
So: silent payments aren’t plug-and-play yet. But hopefully they will be, once more wallets adopt. Feature wins like this can take time—but this one’s worth watching.
Published at
2025-03-24 15:45:31Event JSON
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"content": "Spent some time reading about silent payments with BitBox—very much looking forward to this, but they aren’t real yet for broadly applied purposes. \n\nYes, they let you hand out a single address that never reuses outputs. Great for privacy. But the rub: the sender has to know to send a silent payment and their wallet needs to support the procedure.\n\nRight now, BitBox can receive, but unless the sender is using a wallet that knows what to do (like BitBox itself), the transaction will fail. A Bitcoin wallet that hasn’t also adopted silent payments won’t cut it—it won’t do the cryptographic handshake needed.\n\nSo: silent payments aren’t plug-and-play yet. But hopefully they will be, once more wallets adopt. Feature wins like this can take time—but this one’s worth watching.\nhttps://m.primal.net/Prax.png",
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