Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josibake and Ruben Somsen join me to discuss some of the ins and outs of Silent Payments. We discuss:

Silent Payments overview
Contrast with other techniques such as BIP47
Light client support
Stopping address re use
Base layer privacy discussion

Links:

X: @josibake
X: @SomsenRuben
BIP: Silent Payments
Tracking progress in Bitcoin Core/libsecp256k1
Informational website from sethforprivacy : Privacy-preserving static addresses for Bitcoin

Sponsors:

Swan.com (code LIVERA)
CoinKite.com (code LIVERA)
Mempool.space

Stephan Livera links:

Follow me on X: @stephanlivera
Subscribe to the podcast
Subscribe to Substack

Timestamps:

(00:00) - Intro

(01:01) - Overview of Silent Payments (SP)

(03:15) - History of the SP idea & contrast with other methods

Add more

(14:36) - Current status of SP development & adoption

(17:49) - Testing light clients for SP

(21:50) - The Silent Payment Experience

(26:31) - Light client support

(31:20) - What is a light client?

(38:05) - Sponsors

(41:16) - Spend Key & Scan Key

(42:37) - XPUB vs. Silent Payments

(44:42) - Reducing address re-use with SP

(49:29) - Labeling with Silent Payments

(53:14) - Ease of use and compatibility with Lightning

(57:03) - Overcoming the ‘silver bullet’ mindset

(01:10:50) - Composability with Silent Payments

(01:12:46) - Silent Payments summary

(01:14:06) - Closing Thoughts

Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579 01:17:02 Share

Stephan Livera Podcast

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Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579