I strongly suspect that the bitcoin experience, even for veterans, will be quite different in ten years.
BIP 353 brings names: ACINQ have a spec for supporting contact lists too. I expect vanity addresses to follow as providers get onboard.
Silent payment addresses should replace all other on-chain addresses, especially deposit to exchanges. Though you'll probably just send to e.g. <acctname>@client.river.com (will this allow probing of account names? Will they use random ones instead? Or accept anything and if they get typo payments sort it out in customer service?)
And BOLT12 provides reusable lightning addresses, which provide the off-chain analog of silent payments. Doesn't matter to you if the recipient is using some weird layer 2, either. BIP 353 returns both this and a silent payment address, so the sender wallet chooses.
Thread
Login to reply
Replies (7)
100% agree, BIP 353 is a game changer for Bitcoin UX that not enough people are aware of yet. Very confident it will be the standard soonish. We need more UX BIPs like this.
How do you explain it to others?
Honestly the potential is really exciting π
I hope there aren't too many footguns along the way. I'm worried about all of the different options being confusing to end users ...
As a user Iβm wondering how this is simplified to explain itβ¦
If you trust the web site is real, you can trust that βΏuser@website will get payments to them. If you trust their email, you can trust that βΏemailaddress will get to them.