Thread - Nostr Hypermedia

Peter ( @Peter Todd ) was 1st on this from what I remember. From around the days of "cypherpunk desert bus" [1] It explains why we L2. It explains why the otherwise idiotic "build privacy on top of transparency" is not, in fact, idiotic. https://xcancel.com/peterktodd/status/2062809959138488502#m [1] He participated in the original zcash trusted setup and blogged about it here:

Cypherpunk Desert Bus: My Role In The 2016 Zcash Trusted Setup Ceremony

Update: taking this down for now until some questions about the deterministicbuilds are answered; currently I do not believe the Zcash trusted setu...

Replies (4)

SatsAndSports 2 weeks ago

Exactly Which is why I'm excited by the "Ark as channel factory" idea that René Pickhardt has been pushing Ark doesn't really improve privacy, or settlement speed, compared to L1. It helps a *lot* with scaling though So we build Lightning on top of Ark. Ark is Layer 1.5, and is much more scalable. Then we build Lightning directly on top of Ark, to get privacy and another big multiple of scalability

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nout nout@stacker.news 2 weeks ago

So all of lightning would rely on single (at most 4-5) Ark providers? That would suck... while you can exit, they can block you.

Ben Arc benarc@nostr.com 4 days ago

What about fungibility attacks though. I feel that is bitcoins most existential threat, govs collude to allow "good" bitcoin transactions.

waxwing 3 days ago

Sure. There are no easy answers; the question is whether encrypting L1 is the right solution.

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