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/ 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
Image
Published at
2023-03-21 13:13:36Event JSON
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"pubkey": "58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9",
"created_at": 1679404416,
"kind": 1,
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"content": "One of the saddest things I could have read today. 4 key takeaways:\n\n1. 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\"\n\n2. 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.\n\n3. 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\n\n4. The fact that #[1] can even do this analysis shows the serious privacy issues with Zaps - let's make private/anon Zaps the default in *all* clients, please\n\nMore on BOLT 12 if you're new to the concept: \n\nhttps://bolt12.org/\n\n#[0]",
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