z3ke_sk1 on Nostr: Has the idea of a gossip protocol for BIP47 ever been thought of? In light of the ...
Has the idea of a gossip protocol for BIP47 ever been thought of? In light of the recent inefficient use of block space, I've been trying to think of a way to improve Bitcoin's privacy that does not bloat the main chain. Basically how it would work is that when paying to a payment code, you'd search the network for someone who has already made the connecting transaction. If it exists, they will generate the new bitcoin address for you to pay to. I'm not a developer and I'm sure there are a ton of trade offs I'm not thinking of. But if it is a good idea, could Nostr help in anyway?
Published at
2023-02-12 02:09:06Event JSON
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"content": "Has the idea of a gossip protocol for BIP47 ever been thought of? In light of the recent inefficient use of block space, I've been trying to think of a way to improve Bitcoin's privacy that does not bloat the main chain. Basically how it would work is that when paying to a payment code, you'd search the network for someone who has already made the connecting transaction. If it exists, they will generate the new bitcoin address for you to pay to. I'm not a developer and I'm sure there are a ton of trade offs I'm not thinking of. But if it is a good idea, could Nostr help in anyway?",
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