BR053 - Start9, BIP-324, AssumeUTXO, COLDCARD, SATSLINK, Krux +MORE ft. Matt Hill, Odell & Rijndael
Oct 5, 2023
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Bitcoin.Review Podcast with NVK & Guests featuring Matt Hill, Odell, and Rijndael. Topics include software releases and project updates, vulnerability disclosures, lightning and L2+ software releases, project spotlights, boosting sat streams, Bitcoin news and noteworthy discussions, Bitcoin development and hardware wallets, multi-sig acquisition, user-friendly Join Market, limitations of paper wallets, rollout of tapper channels in the Lightning Network, Bitcoin vs Ethereum, auto-updates for browser extensions, key management systems for Bitcoin, updates and releases in Lightning Network and Bitcoin.
Coldcard version 5.2.0 introduces seed vault feature for storing additional seeds on the device and merging loaded seeds with a passphrase to create a master secret.
Trident Vaults, a corporate custody solution, enters testnet open beta phase providing a secure multi-signature solution for businesses.
Blockstream Green iOS version 4.0.13 enables signing addresses with hardware wallets and introduces support for custom URI schemas and deep link functionality.
BTC Pay Server version 1.11.5 brings improvements including the ability to report payouts, delete custom labels, and other enhancements and bug fixes.
Jam version 0.1.6 introduces salubrious seats, allowing users to import existing wallets, view frozen balances, estimate limits, and support multiple languages.
Deep dives
Coldcard 5.2.0 introduces seed vault and more
Coldcard version 5.2.0 includes a new feature called seed vault, which allows users to store additional seeds on their device. It also enables users to merge loaded seeds with a passphrase to create a master secret. The update includes other improvements and bug fixes as well.
Trident launches testnet open beta of Trident Vaults
Trident Vaults, a corporate custody solution from Trident, has entered its testnet open beta phase. The platform is based on many scripts and Tim scripts and aims to provide a secure and reliable multi-signature solution for businesses.
Blockstream Green iOS version 4.0.13 adds signing address with hardware wallet support
Blockstream Green iOS version 4.0.13 introduces the ability to sign addresses with hardware wallets. It also includes support for custom URI schemas and deep link functionality.
BTC Pay Server version 1.11.5 releases
BTC Pay Server version 1.11.5 brings improvements such as the ability to report payouts, delete custom labels, and other enhancements and bug fixes.
Jam version 0.1.6 introduces salubrious seats
Jam version 0.1.6 introduces salubrious seats, allowing users to import existing wallets, see free estimation and limits before sending collaborative transactions, view frozen balances at the jar level, and offers support for multiple languages.
Jam: Making JoinMarket More User Friendly
Jam is a project that aims to create an easy-to-use web UI for JoinMarket, a decentralized Bitcoin mixing service. JoinMarket has historically been challenging for average users to use, but Jam aims to make it more accessible. It visualizes the process of mixing coins using jars of jam, making it intuitive for users to select specific coins for spending. Jam also simplifies the process of becoming a market maker and providing liquidity for coin joins. It is a user-friendly solution that adds usability and accessibility to JoinMarket.
Noster: Bringing Twitter Archived Tweets to Noster
Exit.pub is a project that allows users to backup and repost their archived tweets from Twitter on Noster. This project provides users with a value-for-value concept, allowing them to pay for each tweet in SATs. While Twitter may eventually implement a login paywall, Exit.pub adds a link to the original tweet for verification purposes. It also utilizes satellite CDN, which is a Noster-based CDN that ensures users don't have to rely on Twitter for hosting pictures and videos.
Project Spotlight: Forumster: Google Forms Alternative
Forumster is a Noster-based alternative to Google Forms. With Forumster, users can create and host forms without relying on centralized services like DNS. By leveraging the Noster network, Forumster enhances data redundancy and social graph connections. This project allows for greater user privacy, more efficient distribution of forms, and reduces reliance on legacy internet systems.
Taproot channels and upgrading existing channels
One of the key points discussed in the podcast was the implementation of Taproot channels in LND version 0.17.0-beta. This upgrade allows for existing channels to be upgraded to Taproot channels without the need to close them. This is done through a unique procedure developed by Keegan, who works at Lightning Labs. The aim is to provide a seamless transition for users with legacy channels and avoid the need to abandon the work invested in them. The introduction of Taproot channels also opens the possibility for more secure key custody and the potential to use threshold signatures as the end of the Lightning channel, enhancing overall security.
The potential of Noster as a decentralized DNS system
Another significant topic of discussion in the podcast was the potential role of Noster, a decentralized messaging system, as an alternative to traditional DNS. The conversation explored the idea of Noster obviating the need for DNS by relying on its own messaging system, where information is encapsulated in individual messages without a dependency on time. This approach would require clients to trust the reputation of keys and rely on the enforcement of key deletions and key duplications. It was also acknowledged that transitioning away from traditional DNS and towards a decentralized and anonymous DNS system would likely be a gradual process and could take a considerable amount of time.
