Replies (21)
Coinbase becomes the "final bank" or we get our freedom back.
How could Coinbase claim it? Or how will the http protcol decide whether a payment gets routed through x402 or L402?
👀
How goes it so far?
And did I muck anything up? 😅
"claim" is taking creative license. In other words, it would appear to be a two-horse race.
Very dishonest to say “Coinbase routes all payments” when they are acting more like a blockchain interface/indexer.
As much as LN is a superior solution, lying about competition to feed the narrative is only going to make it harder to get adoption.
And a standard is not a standard without adoption.
So, instead of, say, asking a question, issue, or PR, you go directly to You're lying.
I'll be more generous with you than you are in almost every instance.
How would you write the copy?
Wow this is great!
High praise from you, Leo. Feedback and PRs welcome if I missed something.
As far as I can tell, you’re good!
IMO the real rabbit hole for devs selling services to humans or agents via L402 is macaroon construction.
Basically in exchange for sats, what does the token grant access to and how much/how long?
It’s not rocket science, it’s just different reasoning than most devs are used to.
Kinda like bitcoin or nostr, you need to unlearn a bit before you can appreciate its design.
Very interesting. Any rubrics for that so far or is everybody doing their own thing?
The macaroon spec has been pretty formalized by Google since 2014, but really there hasn’t been enough adoption to uncover or establish best practices.
But, if successful, one can easily imagine interacting with all their web services as if they were cash businesses.
Pay, get access to whatever you paid for. No need for service providers to build a “user” table or collect payment info. The authorization token with each request tells the server everything it needs to know. Totally stateless.
Also, ai agents are indistinguishable from humans. Service providers don’t have to care who’s on the other end if they can prove they paid.
but isn't it generated by your server, how is that routed to c.b. or anywhere else unless the webadmin points it there?
How facilitators work is clearly documented and it took me only a few minutes to find what it did.
There is no explanation I can find, except for not even slightly checking what is published or malice.
If anything, X402 is better for the average implementor.
The facilitator does not hold your funds and there is no hot wallet to operate, while in L402 your LN custody provider does.
Much work still to do, but that's what I'm trying to call out here.
Sideband Lab
Agent-Era Infrastructure Map | Sideband Lab
Who
Or maybe you're just projecting.
Very cool. Somewhat ironically, I could not zap you 😉
Interesting. Will have to do some thinking to see how it lands here.
First impression is that L402 is “closed” as in every service provider can set their own rules, yet “permission-less” since no third party is needed between buyer and seller.
I could be wrong… dumb human here. Consult Claude for higher level thinking 😅
