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Add penalty live countdown. Fix unilateral cancellation after escrow
2022-01-26 11:44:45 +00:00
## RoboSats - Buy and sell Satoshis Privately
Update README.md
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[![release](https://img.shields.io/badge/release-v0.1.0%20MVP-red)](https://github.com/Reckless-Satoshi/robosats/releases)
Update readme
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[![AGPL-3.0 license](https://img.shields.io/badge/license-AGPL--3.0-blue)](https://github.com/Reckless-Satoshi/robosats/blob/main/LICENSE)
[![Telegram](https://img.shields.io/badge/chat-telegram-brightgreen)](https://t.me/robosats)
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
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Update readme
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RoboSats is a simple and private way to exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience and uses lightning hold invoices to minimize custody and trust requirements. The deterministically generated avatars help users stick to best privacy practices.
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
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## Try it out
Update README.md
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<div align="center">
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<img width="75%" src="https://raw.githubusercontent.com/Reckless-Satoshi/robosats/main/frontend/static/assets/images/robosats_0.1.0_banner.png">
Update README.md
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</div>
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
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**Bitcoin mainnet:**
Update README.md
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- Tor: robosats6tkf3eva7x2voqso3a5wcorsnw34jveyxfqi2fu7oyheasid.onion
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- Url: robosats.com (Coming soon)
Update README.md
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- Version: v0.1.0-mvp
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
2022-01-01 14:57:10 +00:00
**Bitcoin testnet:**
Update README.md
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- Tor: robotestagw3dcxmd66r4rgksb4nmmr43fh77bzn2ia2eucduyeafnyd.onion
Update readme
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- Url: testnet.robosats.com (Coming soon)
Add penalty live countdown. Fix unilateral cancellation after escrow
2022-01-26 11:44:45 +00:00
- Latest commit.
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
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Add dynamic refresh rate to OrderPage based on order status
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*Always use [Tor Browser](https://www.torproject.org/download/) and .onion for best anonymity.*
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
2022-01-01 14:57:10 +00:00
Update readme
2022-01-19 13:32:54 +00:00
## How it works
Alice wants to buy satoshis privately:
1. Alice generates an avatar (AdequateAlice01) using her private random token.
2. Alice stores safely the token in case she needs to recover AdequateAlice01 in the future.
3. Alice makes a new order and locks a small hold invoice to publish it (maker bond).
4. Bob wants to sell satoshis, sees Alice's order in the book and takes it.
5. Bob scans a small hold invoice as his taker bond. The contract is final.
6. Bob posts the traded satoshis with a hold invoice. While Alice submits her payout invoice.
7. On a private chat, Bob tells Alice how to send him fiat.
8. Alice pays Bob, then they confirm the fiat has been sent and received.
9. Bob's trade hold invoice is charged and the satoshis are sent to Alice.
10. Bob and Alice's bonds return automatically, since they complied by the rules.
11. The bonds would be charged (lost) in case of unilateral cancellation or cheating (lost dispute).
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
2022-01-01 14:57:10 +00:00
## Contribute to the Robotic Satoshis Open Source Project
See [CONTRIBUTING.md](CONTRIBUTING.md)
Users stay logged in when re-entering home if there is an active order or is an old account
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## Original idea
FIx collection of typos
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The concept of a simple custody-minimized lightning exchange using hold invoices is heavily inspired in [P2PLNBOT](https://github.com/grunch/p2plnbot) by @grunch
Users stay logged in when re-entering home if there is an active order or is an old account
2022-01-18 17:42:45 +00:00
Add concept for BTC <> Fiat p2p swap using Lightning. - Motivation 1) It is widely recognized that one of the main attack vectors for the Bitcoin network is the ability of states to control the fiat on/off-ramps. 2) While there exists peer-to-peer alternatives to centralized exchanges, these are rather technical, slow and more costly. 3) Most users prefer the convenience of a centralized exchange at the cost of a difficult of the risk for their privacy and a difficult initial setup (ID, selfie-video, etc). - Opportunities Using the Lightning Network and hodl invoices it is possible to create a more user friendly, faster and cheaper peer-to-peer market. This vision was first enacted by @grunch on the p2plnbot telegam bot project. - Challenges 1) Ideally the seller hodl invoice and the payment to the buyer invoice would be atomic. Given that this is not technically possible, the proposed concept relies on the need of trust on the service provider. There are reasons to believe that challenging centralized solutions both in user experience and cost is possible. This commit adds a rough concept for thefrontend, backend and design. This project, tentatively named RoboSats (short for Robotic Satoshis) and licensed at launch under AGPL3.0.
2022-01-01 14:57:10 +00:00
## License
Add dynamic refresh rate to OrderPage based on order status
2022-01-15 12:00:11 +00:00
The Robotic Satoshis Open Source Project is released under the terms of the AGPL3.0 license. See [LICENSE](LICENSE) for more details.
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