DATUM & NWC \ stacker news ~bitcoin

553 sats \ 6 comments \ @EverythingSatsoshi 13 Oct bitcoin_Mining

After having listened to Jason Hughes, Mechanic and Luke Dash Jr on several podasting 2.0 segments, it's clear to summarize that the requirements for running a DATUM server is just one's RPC Authentication as well as Bitcoin Address.

After tinkering for a while, I thought, what stops them from adding an additional field for a NOSTR public key, or address.

The hope's that a user (miner) can prioritize where the sats should go, when they Ocean hits a block. Either their bitcoin address gets the sats or NWC makes it possible for the npub to receive those sats(or ecash). What's needed on the Ocean side would be an active lightning node or mint to handle the facilitation of that.

Side note, some miners might be concerned about still getting coinbase satoshis, and my believe is Ocean could decide to fund a channel with fat satoshis from a coinbase tx, this is where miners who opt to be paid in millisatoshis get their rewards from.

Thoughts?

Sources: https://www.fountain.fm/episode/pqb1QSxGcBebz5n11vja (Citadel dispatch with LUKE, MARK, JASON, AND MECHANIC) https://www.fountain.fm/episode/1bJR5egDBcLIVO43Rw5m (Bitcoin Audible with Mechanic and Jason)

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0 sats \ 5 replies \ @OT 14 Oct

I thought it was an insightful episode.

Ocean are only doing bolt 12 at the moment. I wonder if that's for reasons of privacy. Would NWC provide that level of privacy? Only a fee wallets support it right? I know Braiins uses LNURL which might be similar to NWC.

I guess as long as you are able to get sats over lightning, ideally you should be able to choose how.

76 sats \ 4 replies \ @EverythingSatsoshi OP 14 Oct

exactly, plus the reason I chose NWC as a thought experiment was cos you're tethered to nostr, plus my ideal solution would be ecash. Given that the receiver can get them evn whwle offline like the btc address.

0 sats \ 3 replies \ @OT 14 Oct

It could be a good idea with ecash, but then they become custodians like the other pools.

On a positive it would save on output fees from the coinbase TX. 1 output goes to the mint where it can be claimed by each individual miner when they like.

But NWC is an extra complication I think.

0 sats \ 2 replies \ @EverythingSatsoshi OP 14 Oct

There's work being done to tether npubs with ecash

They already are custodians, when you think about the fact that they make milli satoshi payouts. Which is a good tradeoff, even tho for now, the reliance is just on CLN. They've not allowed Bolt12 for other implementations. ECASH is the next best alternative imo. But nostr wallet connect is just a think I love.

0 sats \ 1 reply \ @odium 25 Oct

If I'm mining BITCOIN why would I want to get paid in some token - while I could get paid in Bitcoin directly?? Might as well get paid in fiat then

0 sats \ 0 replies \ @EverythingSatsoshi OP 25 Oct

Good point.

However Ocean does pay in Lightning Sats(BOLT12)

So it's possible to have a payout in ecash, as it's tethered to the lightning network.

Plus you could prove that the satoshis in a lightning channel that pays you out was from a coinbase transaction, and hasn't really been tainted